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- rbumbalough replied Aug 21, 2010
After an unsuccessful test of demand at 1.2662 on better than average volume, lack of supply on low volume suggests possible corrective up move to 38.2 retracement of up move from 1.1877 to 1.3333 high. However, a test of demand at a previous ...
Trade Using VSA (Volume Spread Analysis)
- rbumbalough replied Aug 21, 2010
Unlocking Volume Analysis by Todd Krueger url
Trade Using VSA (Volume Spread Analysis)
- rbumbalough replied Aug 21, 2010
Supply Swamping Demand or Entering Market meets Support at Top of Weekly Bar with Greatest Volume for 2010. No Demand or Up Thrust or Failed Tests for buying Will Signal Further Sell Down. This also looks like a failed test. According to a pdf I ...
Trade Using VSA (Volume Spread Analysis)
- rbumbalough replied Aug 21, 2010
Whomsoever it was who posted link to Tradeguider VSA instructional seminar recordings at url Thank you. These lectures are educational. Best Wishes for Big Profits
vsa with Malcolm
- rbumbalough replied Aug 20, 2010
The most serious trading mistake I made this week was to close my winning short positions in Euro/USD. To make large profits a trader should hold winning positions until the trend has fully run its course. I will monitor EU for new short signals, Up ...
vsa with Malcolm
- rbumbalough replied Aug 20, 2010
VSA Lesson: How to Identify Lack of Demand — From MTM p.32-33; ‘Lack of demand’ is one of the most common indications you will see and it is pretty easy to pick out. Basically, you will be watching out for a low volume up-bar, on a narrow ...
vsa with Malcolm
- rbumbalough replied Aug 19, 2010
MTM Lesson: Shakeouts — From MTM p.95 • At point (a), we have a startling shake-out. This is a potential indication of weakness taken in isolation. However, there is little, or no, major distribution phase in the background, which is normally ...
vsa with Malcolm
- rbumbalough replied Aug 19, 2010
I'm short EURUSD and am anticipating further sell down through afternoon and Asian session. The Take profit is set for 1.2751. Perhaps It'll get stopped out flat, but I think its more likely to go down further after bad employment and Philadelphia ...
EURUSD
- rbumbalough replied Aug 19, 2010
The 1M GU chart from 15M prior to Better Than Expected Retail Sales Numbers showed accumulation executed with sublime subtlety. The short term divergence of Money Flow Index and Accumulation/Distribution lines from the On Balance Volume graph tipped ...
vsa with Malcolm
- rbumbalough replied Aug 18, 2010
Thank you. That is a brilliant reply.
Trade Using VSA (Volume Spread Analysis)
- rbumbalough replied Aug 18, 2010
About Bag Holding: TW in MTM wrote: "Bag Holding As with the accumulation phase, professional money cannot just go into the market and buy just when they feel like it. This would simply put the price up against their own buying – market-makers would ...
vsa with Malcolm
- rbumbalough replied Aug 18, 2010
In the highlighted case MFI showed three brown Fade bars in a row followed by three blue Fake bars. The brown Fade bars mean Index Down, Volume Down: The market is idling, typically due to fading interest. (Often, this occurs towards the end of a ...
vsa with Malcolm
- rbumbalough replied Aug 18, 2010
I'm taking the EU short on the ND Shooting Star Top on low volume as this is the low volume time of day. ******************************************* EU moved in my favor, so stop is set to break even. I should take half off the table, but I think ...
vsa with Malcolm
- rbumbalough replied Aug 18, 2010
VSA identified this easy long entry when GU traversed back above Daily Pivot.
vsa with Malcolm
- rbumbalough replied Aug 18, 2010
Short GU @ 5620 on test of supply price level at MR1 pivot. *********************************************************** Stopped out at b/e; it was worth a try.
vsa with Malcolm
- rbumbalough replied Aug 18, 2010
Hello Shamus: I have a question. After an intraday corrective down move that is counter to a daily uptrend, and when a set of consecutive NS-ND tests occurs within a consolidation-congestion range, how does your software distinguish the most likely ...
Trade Using VSA (Volume Spread Analysis)
- rbumbalough replied Aug 18, 2010
It is interesting to note the classical bearish divergence between the two successive higher highs leading up to the top of channel.
vsa with Malcolm
- rbumbalough replied Aug 18, 2010
Good Morning Friends and VSA fans: Earlier today I screwed the pooch on a GU long and shook myself out of a good position due to failure to properly read a volume bar. The strength that came into GU at about 1.5510 or so was tested and successfully ...
vsa with Malcolm
- rbumbalough replied Aug 18, 2010
I too choose to exercise caution and closed with a few pips rather than try to fight the trend. The last hourly bar shows and inverted hammer-shooting star-Upthrust. Perhaps sellers are betting BOE MPC will come out dovish. The UT weakness after a ...
vsa with Malcolm