[teodosy87]

That is what i try hard to learn.The backgroung.I read a lot of post from a lot of tarders and saw that most common mistake is not to look for the background.Pro traders or expirienced one talk much abt it but no one say this and this is the background.So that`s why i post this to see if anyone could give me a reasonable explanation if this is a valid signal not based only on these individual bars but on the back ground.As for background looking in my charts i see no previous highs or something i see that the trend is down.This is short term down from yesterday.This is the only thing i can see.So could someone give me reasonable explanation why this should be a good short or why not due to all we need to enter a tarde .. background and individual bars ... Thanks a lot.

[Eiger]

Although there are no tops in the background, you do have trendlines indicating an overbought position and a break of the demand line. Drawing lines is important in framing the background

[teodosy87]

Originally Posted by Eiger »

Although there are no tops in the background, you do have trendlines indicating an overbought position and a break of the demand line. Drawing lines is important in framing the background

Thanks alot for this!You`ve been most helpful i will continue visiting this thread every day i hope samo day i will answer otehr traders questions about VSA.REally thanks!Because in these days most people are selfish and keep everyting for themself you seems to defer!

[Eiger]

Background

Last night, another trader and I were looking at the background conditions of the S&P emini's and SPYs. Here is what we saw.

On the 60-minute ES, the market fell yesterday into an oversold position outside the Demand (lower) Line. It did so on receding volume indicating supply was tiring. A last push to the downside yesterday afternoon drew the heaviest volume of the day for that hourly period (double arrow). We identified this as buying since the heavy volume (effort) did not result in further downside progress.

On the daily chart, the SPYs reached the Demand Line of the up trend channel.

So, the background said higher prices today, which occurred. We looked for price to potentially trade into the resistance zone of 894 - 898. The Supply line comes in around the 900 level, which would be the probable upper cap to the upside, at least for today. All of this is seen on the 60-minute chart.

[azuremaster]

Hello everyone, I am new here and still learning VSA. I have a question-which broker you guys use to trade forex with VSA? I have compared about 10 different brokers, and they all have different volume data. Sometimes differences are huge. I know that e-signal is probably the best choice, but just want to know your opinion about free mt4 brokers.
And if someone could post some forex charts here (lets say GBPUSD 5min and hourly from e-signal or TG), that would be great. I will compare it with my mt4 brokers data.

[sillykiddo]

Hii..
If anyone can help me here getting the defination of followings? Thanks in advance

No Demand
No Supply
Test
Stopping Volume

[sevensa]

Originally Posted by sillykiddo »

Hii..
If anyone can help me here getting the defination of followings? Thanks in advance

No Demand
No Supply
Test
Stopping Volume

Try reading the Undeclared secrets book mentioned numerous times in the VSA threads, or just read through the threads. When you try to learn something, you need to start at the beginning.

[bbj_anchor]

I joined this thread a month or so ago, posted a file that I asked for input as to whether VSA could pick trades from it to make them better. I got do some studying etc... I did and attended a webinar hosted by Gavin at TradeGuider yesterday... he got 4 pts from a trade I got 12 ! I was commenting to him and he was quite surprised and said "good call" to me on the webinar (I believe it can be watched from site archives) I also called up at shows end. run went from 912 to 900 opposite thrust from 901 to 906 and then thrust again from 906 to 898! ... ~24 points in 2 hours on ES minis esm09? which I have never even traded and had to call and ask what we were trading! and the only indicator I even worry about is "thrusts" up or down. Analysing my file with just that... I had 60 wins- 7 losses and 12 likely minor win/loss/even vs origional file with 80 wins- 25 losses -8 whatevers....

The "thrusts" are waaay strong and the need to confirm etc is somewhat a loss of valuable profit. The only other thing I watch now is where the resistance and supports are... BBands & 50 day MA & previous Highs and Lows. I watch these as the BIGs are aware of them and that's why stocks often stop/stall there... you will want ample room to have a large trade potential.

Thanks to a couple guys who blew me off and got me motivated to read the books and think a bit, BillyBob