[chrisp]

Corrrection to my post above "D & E" should be E & F

[zaprietas]

Originally Posted by flimbo »

here you go.
for MT4 and for NinjaTrader as well

Thanks a Lot I appreciate that

[flimbo]

I know today are bank holiday but anyway principles are the same so just for study purposes

1- Bar that pussing tru old supply (absorbtion volume)

2 - No interest to go down price bounce from support.

3 - No Supply bar

4 - again bar that pussing thru old top but his vol is
bigger then previously bar that pussed thru old top i added more weak to this becouse spread is tigher then prev.
also close . and respond to this bar are wider then prev.

5 - Supply coming sign of weakness.

6 - No demand

7 - Upthrust.

my conclusion: we can now expect some retracements.. maybe two lower lows and lower lows.
i will be watching some counter trade. now.

let see how it continue ;D

[lnangia]

Hello everyone..i have been using vsa techniques for a while now. I have read and re-read both the books written by Mr.William's as well as Prof Hank Pruden's book and have seen a lot of things mentioned in the book coming to life but i am still on the learning curve. The discussion on vsa here is just phenomenal and have already gained a lot reading the part 1 and 2. Looks like i have finally found an interactive traders website where i could discuss vsa and learn from others.

Cheers

Lalit

[flimbo]

Hi , then check out as well online chat. . vsa.pipsbuilder.com

[lnangia]

Hi. Take a took at the attached chart. During the time of trading i was finding it a little difficult to interpret the price/volume/spread action after demand entered the market. The next 3 bars seemed weak ,so i took a short position here on the narrow spread up bars marked by the yellow crooked line which triggered my stop loss. The reason i initiated the short position was because there was no effort (volume) on the up move , the spreads were reducing as the price was increasing. Now in hindsight i am using a term that Sebastain Manby uses , the market was resting. How do we determine when the market is resting or a price is going to tank ?

[bisecom]

Originally Posted by VolumeJedi »

Do a search. I believe it is in the coding forum.

Good day!
I am new to the thread and would like to thanks to its founder Eiger and VolumeJedi, who also provide amazing analytic on volume to the thread. After reading your materials I really understood much more then after reading Tom Williams!

VolumeJedi, I would really appreciate if you will comment / send your suggestions regarding attached picture.
There are indicated two potential trades – the first one long, the second one – short.
I have some doubts there to enter the trades.?

So, looking for background.
After the second candle was formed after candle 1, we could understand that under VSA, candle one has stopping volume or has selling climax action. It tells us that we should look for signals to enter long positions. The signals should be tests for No Supply.
The questions is, could we count as tests for No Supply bars 2 &3 as they both has volume less then 2 prior candles?
Or should we wait then local resistant will be broken, but at which candle we should enter long then?

As for short, we can see high up candle which closed not at its top and the candle has very high volume, it tells us, that SM was selling and third candle after A confirms it. After the third candle price straightly drop down. There were 2 candles B & C. Both of them has volume less then prior 2 bars. The question is there is the best place to enter short?
Would be nice to get your comments here,
Regards.

[VolumeJedi]

Originally Posted by bisecom »

Good day!
I am new to the thread and would like to thanks to its founder Eiger and VolumeJedi, who also provide amazing analytic on volume to the thread. After reading your materials I really understood much more then after reading Tom Williams!

VolumeJedi, I would really appreciate if you will comment / send your suggestions regarding attached picture.
There are indicated two potential trades – the first one long, the second one – short.
I have some doubts there to enter the trades.?

So, looking for background.
After the second candle was formed after candle 1, we could understand that under VSA, candle one has stopping volume or has selling climax action. It tells us that we should look for signals to enter long positions. The signals should be tests for No Supply.
The questions is, could we count as tests for No Supply bars 2 &3 as they both has volume less then 2 prior candles?
Or should we wait then local resistant will be broken, but at which candle we should enter long then?

As for short, we can see high up candle which closed not at its top and the candle has very high volume, it tells us, that SM was selling and third candle after A confirms it. After the third candle price straightly drop down. There were 2 candles B & C. Both of them has volume less then prior 2 bars. The question is there is the best place to enter short?
Would be nice to get your comments here,
Regards.

Question #1 (long):

Every trader has to make his or her own choices. You correctly identified the strength that entered at 1. Point 2 is a test, but many people would miss this entry. Point 3 is another test/no supply type candle and another viable place to get long. More accurately, point 3 is no supply and the following candle is the test. If you wanted to enter when the high of 3 was broken, then you don't get in on the next candle. Your entry would come one candle later.

Take a look at point 4. The two candles prior to this are a two bar reversal. This is into your support/resistance area marked by line a. For many this is the best place to go long.

It comes down to how much background strength or other supporting evidence each individual trader wants/needs. If you are comfortable getting long at point1, then there is nothing wrong with that. Gavin, talks about "diamonds" changing colors before entering and I would think that at point 1 they would not be green. I only mention this to make my point of trader's choices. I personally don't like or use the diamonds from TG.

Question #2 (short):

Either would work. There is another one two candles later. This one is actually the best definition of no demand (on my platform at least because the volume is also less than the previous two candles). Based on your screen shot, it is a squat and still a good place to get short.

Back to B&C. Note that B does not confirm because C closes higher. If you were looking to enter when the low of B was passed, it doesn't come on C. C has an increasing spread so it's not technically no demand. It does show a lack of buying interest of the smart money never the less.