[cmach123]

I know this is VSA part3, but where are the charts in VSA part 1? I could benefit from these charts b/c the explainations were really clear....

[shreem]

Hello Cmach123. Happy that you like the VSA approch to the markets.

About charts in VSA 1 thread, they are still there up and running. So do not really understand what you means.

I am reviewing the thread now and the charts are they ( i am on page 12 though so maybe that change later on.)

Also, if you look in all the threads on VSA, particularely the sticky ones, you should see lots of interesting posts and charts there.

As VSA in now my main focus for my trading methodology coupled with market profile and S/R levels, this forum on VSA is really great and we are very much priviledge to have great VSA traders like VolumeJedi, Eiger, PivotProfiler and CandleWhisperer before (if they are the same person should not concern anybody but and is not important at all). The quality of their posts and charts is what make me so happy studing this application of VSA

Sincerely

Shreem

[kuky969]

I am not sure what charts cmach123 looking for but some charts from just a few Eigers posts was demaged . I dont know now what exactly problem was, but I asked Soultrader and he answers me that is not possible restore this pictures. I dont know what number of posts have this problem , but just chart is not possible open.I estimate about 10 pictures of charts - no more.

[mjackson]

Originally Posted by VolumeJedi »

Haven't posted in a while is solidarity with CW over his treatment here, but I attended the webinar today and decided to post at least twice more...........

Hello VolumeJedi

You have great posts and a lot to learn from...I want to ask you what is platform you use...? It has VSA built in? Thank you for sharing your experiance with rest of who are eager to learn...

[cmach123]

Originally Posted by shreem »

Hello Cmach123. Happy that you like the VSA approch to the markets.

About charts in VSA 1 thread, they are still there up and running. So do not really understand what you means.

I am reviewing the thread now and the charts are they ( i am on page 12 though so maybe that change later on.)

Also, if you look in all the threads on VSA, particularely the sticky ones, you should see lots of interesting posts and charts there.

As VSA in now my main focus for my trading methodology coupled with market profile and S/R levels, this forum on VSA is really great and we are very much priviledge to have great VSA traders like VolumeJedi, Eiger, PivotProfiler and CandleWhisperer before (if they are the same person should not concern anybody but and is not important at all). The quality of their posts and charts is what make me so happy studing this application of VSA

Sincerely

Shreem

The posts related to pivotprofiler...

[VolumeJedi]

Hello. Threads kind of' slow. Hopefully this post will generate some helpful discussion.............

Q: Where do you vsa experts and newbies see an entry into this very nice up trend in the Euro from Friday?

Please feel free to use the chart on the left to annotate what you see and where you would of entered and why.

The chart on the right shows various things that I see/saw and where my entries are/were. I do not try and pick tops and bottoms, I let them pick themselves. However, much was "given" away by not entering sooner. What did I miss?

A: It all starts here. A wide spread down bar on ultra high volume. Notice that the close is near the low and the next bar is down. We know that strength, when it appears, appears on down bars with high volume. But the next bar is usually up. That is not the case here. Could this be a weak bar?

B: If you were not sure of bar A, then this bar only adds to the confusion. It is a narrow range up bar on volume less than the previous two bars. It is no demand. Note that the close is in the lower third of the range and the bar is a NR4 bar. NR4 being the lowest range bar of the last 4 bars. The smart money doesn't seem interested in higher prices.

C: Things get more muddled. We now see a narrow range down bar on volume less than the previous two bars. No supply. If one wants to argue that it is not no supply because of the background, then it is still a low volume down bar showing no interest by the smart money. But that means we have no interest in the upside OR the downside as both the up bars on low volume and the down bars also.

The only clue for me is that the volume on C is less than the volume on B, indicating even less desire for downside action than the upside.

D: This is a "key" bar. For some it is a "key reversal" bar. We have a wider range than the previous bar, the bar makes a lower low, closes in the upper portion of its range, closes higher, and has increased volume. This might be stopping volume? If you enter here, please tell me why (and more power to you).

E: At this point, the market has began to move up and we are looking for a test to enter. The previous bar gets stalled and price falls. This bar is narrow and has volume less than the previous two bars. In highnsight, this is the ideal entry bar as it is a low volume bar within the range of a high volume bar (A). But the next three bars close lower than E. Actually the third bar closes back even with E.

F: Pushing thru supply. Wide spread up bar on high volume closing near its high on equal volume. This bar is also an Effort to Rise. The BBs are bullish and they are willing to absorb selling at the supply line in anticipation of higher prices. Sometimes the BBs will buy at high prices because they know they can sell at even higher prices.

G: Low volume up bar. By definition it is no demand. But we know that there is too much evidence of strength in the background. It is more likely that the BBs have let off the gas and now want to see a test before marking prices any higher.

H: No selling pressure. We see an increasing range bar closing near its lows on volume less than the previous two bars. This is not a test as a test bar would be narrow and close on or near the highs. Those at the head of the class may of used this bar to signal entry and confirm that F was pushing thru supply.

I: This is a two bar reversal pattern. The first bar closes near it low and the next bar closes near its high. Notice the volume on the bar that closes higher. It picks up. Whilst VSA does not look at the open, notice that the first bar opens near the high and closes near the low. The next bar opens near the low (lower than close of first bar) and closes near the high (higher than the close of first bar and equal to the open of the first bar).

J: No Supply. This confirms the two bar reversal as the prior bar looks like a failed test, signaling some residual weakness. I would rather see low volume bar within the range of prior high volume bars. J does trade into the range of the second bar in the two bar pattern, but is not completely within it.

K: No Supply. This is just showing another Effort to rise bar followed by no supply bar. This is that high volume bar with a low volume bar within its range idea. So in an area (range) where there was an abundance of activity the first time, there is little activity when price dips back into it. This is bullish.

L: As the market begins to top out, we get another narrow range down bar on volume less than the previous two bars. No Supply. The real key is on the next bar. It is an Effort to Rise with no result. Effort without result would be bearish in this case.

[HAL9000]

Originally Posted by VolumeJedi »

D: This is a "key" bar. For some it is a "key reversal" bar. We have a wider range than the previous bar, the bar makes a lower low, closes in the upper portion of its range, closes higher, and has increased volume. This might be stopping volume? If you enter here, please tell me why (and more power to you).

Hi, I haven't traded on Friday, so its just hindsight,
and probably I wouldn't have stepped in, because I am still
sorting my rules out. If I would have entered, I would have
tried to enter on the extreme readings, to maintain a very
small stop.

But these kind of pictures, I see often.
And while some might fail, the R/R seems to fine IMO.
But I can't prove it, so just take it as a nice picture.


Anyway, as I don't use VSA, I would be interested too,
if there is a reason to enter here based on VSA rules!




Regards,

Hal

[habi]

Hi

I don't trade Forex, therefore my comments are all derived from hindsight analysis.

First of all, you don't provided enough data on the left side to judge the background. As you see in Hal's chart, the key candle apeared slightly above an important support area and becomes therefore more significance. Bar A and the following (I call it A1) formes a sharp downmove. After A1 you see 6 bars within a narrow range, I see it as some kind of accumulation. Volume before D increased and was higher on D, but prices reversed, all the selling was absorbed at this time. IMHO a good place to try a trade with a good RR-Ratio. If you imagine bar D and the bars before and after D as one bar, you become an even stronger reversalbar, but your risk is higher, when you enter at this time. It's up to you, how much confirmation you need to enter a trade.