[Eiger]

Originally Posted by MANTRA »

... I must admit that Eiger told true - Up thrust does not work in UP trend and Test does not work in downtrend

I think you will remember that one after today

You had all the indications of strength on your charts:

• Market had pushed above yesterday's high and had retested
• Market was rotating around a line at A-B-C and pushed above it
• Higher high & higher lows on the 60-min
• When at the lows below C, no supply was drawn out (big clue)

There was a nice 'story' in this segment of the market that you could piece together called bullish.

That "UT" was just absorbing the remaining supply from the last wave down. If supply had regained control there (highly unlikely with all the bullishness you identified), the next bar would have been down. It dipped lower and sprang back up to close on it's highs (Hidden Test) and a lovely place to go long.

Side note: UT should be upthrusting a clearly defined resistance area (old top). The bar you labled an UT doesn't really qualify as an UT - it is just a bar with some supply on it.

You identified everything, Mantra. Really nice job! - The next step is to piece it together and see it as a whole - this is your background.

Hope this is helpful,

Eiger

[kuky969]

Eiger
please one question: what is hidden test ???? My answear is below .Am I right ???
.... hidden test just means that it was an test on a smaller time frame making it a bit difficult to see on the trading time frame....
Thank you

[GLE%]

Heres something on the 5min ES that I saw after the fact, wanted to share it.

Sometimes the market sings a beautiful song.

[Eiger]

Originally Posted by kuky969 »

.... hidden test just means that it was an test on a smaller time frame making it a bit difficult to see on the trading time frame....

That's the correct definition. I think of them like a Key Reversal bar. They dip under the previos low(s) come back up and then close on or near their highs, usually well into if not above the previous bar. Keep in mind that they require strength in the background, otherwise they are ignored.

[Eiger]

Originally Posted by GLE% »

Heres something on the 5min ES that I saw after the fact, wanted to share it.

Sometimes the market sings a beautiful song.

Jumping a Creek VSA style. See attached chart.

[GLE%]

Thanks Eiger. However, there's one mistake on your annotations which I'd like to point out - its one which I also made.

The ND was actually a NoSupply. Therefore, its a further signal of strength and definately something to take heed of - in light of the background.

[humdesggg]

Hi Eigeer

I have been planning to do comprehensive VSA for the 3min chart. Please have a look at it and lemme know where I can improve. This is my 4th week on VSA, and I am still to watch a couple of real good videos to improve on the VSA work.

1. Stopping volume. Smart money absorbing sell orders from the sheep. Close in the middle is bullish.
2. The bars before and after 2 shows narrow spread on reduced volume. This foretells higher prices. The buying on high has stopped the down move. This is an up bar closing the middle on volume less than 2 previous bars.
3. Longs from 1 or 2 needs to be protected with tighter stops on this bar, as it shows no demand. This is a test too. A bit scary since a close in the middle or high would have reassured the uptrend. The next down bar is bullish, closing on the high on high volume.
4. Breakout on ultrahigh volume, with close in upper range. Markets despised high volume, as supply creeps in.
5. Stop run on above average volume, closing in the middle. Close in the middle is clearly mo bullish than the previous 2 bars that close on lower range.
6. Testing on no demand. Volume less than 2 previous bars. This would be a low risk long entry.
7. The previous bar made a higher high, on volume much lower than the volume at 4. Combined with the previous bar, this is 2 bar top reversal, on volume that is less than the volume of previous 2 bars.
8. Above-high volume on a up bar. This is normally bearish, but here it reverse the downtrend, and lead to higher prices. Volume is same level as no 5 and leads to higher prices.
9. This is test on no demand, a safe low risk entry for a long.
10. New high on above average volume, closing in upper still fairly weak
11. All session high volume prints, showing that there was buying in this bar closes higher
12. Stopping volume, as next bar is up, though closing on low.
13. Test on volume less than 2 previous bars, no demand.

[humdesggg]

I accidentally deleted the chart!!

here it is.