[monad]

Quite amazing, mere mention of Wyckoff used to wind people up in here, they only wanted to talk about pure VSA methodology,
Thank goodness, now it is acknowledged that VSA is all derived from Wyckoff only and now they harp on about Wyckoff.

If anybody else besides a VSA user utters the word Wyckoff here, , than ofcourse it is taboo, an attack on VSA and told to migrate to VSA crock or not thread. plain ridiculous))

[Eiger]

As a follow up to the premarket Spring posted earlier and to get this thread back on track ....

Just because a market dips below support and then rallies, doesn't make it a Spring. On the attached achart at A, the market comes down on wide spread and an increase in volume - not what we are looking for in a Spring. The wide spread, poor close, and increased volume is an indication of supply. Compare the premarket Spring with the behavior at A. In the pre-market, we see a modest dip under support. At A, we see the largest reaction since the rally began. The larger reaction, wide spread, and increased volume to the downside signals a change of behavior and not a wise place to enter longs.

Hope this is helpful,

Eiger

[thecloser]

You guys are awesome, I am new to this method and am trying to get as much information as possible. Thank you to all
TC

[phlsti]

Hi Elger,
As a day trader, I want to buy this support area at A. Is VSA 'telling' me anything to help me buy at this support?
I see the NoDemand bar around 12:05 to help with selling that down move. Just wondering if there is any help at A.

[sevensa]

Originally Posted by phlsti »

Hi Elger,
As a day trader, I want to buy this support area at A. Is VSA 'telling' me anything to help me buy at this support?
I see the NoDemand bar around 12:05 to help with selling that down move. Just wondering if there is any help at A.

I am not Eiger, but I see an immediate reversal the bar after A at bar 1, indicating potential strength, a no supply bar two bars after that at bar 2, followed by another no supply bar two bars later at bar 3, followed by a test immmediately after that at bar 4.

However I think this was a risky trade as all this action happens just below the broken support and upside potential was limited due the closeness of the day's high. However, the price action indicates that a test of the day's high was likely to happen but taking quick profit would have been wise at the grouping of 4 bars stalling close to the high with weak closes that just couldn't go higher at 5. You have to take what the market gives you.

[phlsti]

Thanks for the reply, sevensa ...... I see what you mean. After breaking the support, the most that could reasonably be expected was a move back up to test that support, now resistance. I had seen the NoSupply bar (2), but figured that was a little late to get in.

I'm finding VSA a good filter for my study of S/R and average line movement ...... I can see I need more time with it.

[thecloser]

Thank you for your input, you guys are exceptional. Keep this going it is great info and helping me greatly
Thanks
Tc

[kuky969]

Thecloser
I sent you a private messages