I see this as weakness. Selling does occur on high volume down bars.. The close of that bar was on its low, I'd rather wait for a down bar with high volume and a close towards the middle to label it as strength. Take a look at the orange bar from ...

vsa with Malcolm

Aldo is my hero! If Aldo enters into a position and the market goes against him, the market has to stop and correct itself.. Because it was the market who was wrong, not him.

vsa with Malcolm

Not ignoring you, just seeing if others want to respond.

vsa with Malcolm

From a market analyst point of view you are right.. But I was more looking at it from a trader's point of view. Let me ask it this way, with only seeing this, are you looking to buy, sell or stay on the sidelines? And why?

vsa with Malcolm

Does this bar make you think Strength or Weakness?

vsa with Malcolm

The volume on the second bar should be less than the first, you want the first down bar to show demand with a strong close and volume to support it. The close on the second bar doesn't have to be higher than the high of the first bar but it needs to ...

vsa with Malcolm

In your post you said a low volume test/ND, I assumed you were talking about the one late Friday, if it was taken then you would be holding over the weekend. My mistake its been a few years since I have read MTM, I thought MTM referenced 2 bars. A 2 ...

vsa with Malcolm

You got it, the only thing is that the trend is flat, so ACHF maybe subject to further shakeouts. Interesting, the supply bars at .8140 does cause concern, but we have seen SOS from Thursday and Friday. The supply bars could possibly be the trend ...

vsa with Malcolm

So... What is going on with this chart? And how could you use this to your advantage in the coming trading days?

vsa with Malcolm

Yup.. Just keep in mind we are in a huge down channel on AUD, but some good stopping volume coming in. I would suspect some action to the upside from it.

vsa with Malcolm

Yea I booked 8 pips out of it, I pulled out too early I would have hit the S1 target of 138.55.

vsa with Malcolm

Too bad, it didn't go anywhere. I am done with this.

vsa with Malcolm

Not all that confident on this trade so I took only a partial position. But 1h is in a down trend, and big volume from yesterdays US session. Today in late Asia EJ tried to break the high of the high volume bar from US but failed, I am taking this ...

vsa with Malcolm

Better volume wasn't built for VSA, so it uses different terminology. But it is still good at hi-lighting bars. That bar I wouldn't call it a selling climax, the spread is too narrow and the volume isn't high enough.

vsa with Malcolm

Not sure why you're worried, heh. But yea we have high volume coming in especially on GBPCAD and the PA isn't looking great for the bulls. Right now it is just a game of patience and waiting for the trend to roll over, no point in trying to jump in ...

vsa with Malcolm

Both of these questions are explained in depth in the book Master the Markets, which is required reading for this thread. You won't get very far trading VSA without reading this book. url

vsa with Malcolm

Finally seeing some volume come in on UCAD, probably still good to wait for the trend to roll over though.

vsa with Malcolm

GU yesterday, nice 2 bar reversal from the previous US session, nice spread and volume here.

vsa with Malcolm

It wasn't bad, you got a rise out of it. I saw it yesterday but didn't like it, the bulk of the volume was on an up bar and also because I would have rather seen the volume in the down move from earlier that day.

vsa with Malcolm

Connected.. You have mastered the NS/ND bars. As far as which one is the stronger signal, a low volume bar does not make for a weak or strong market, the low volume bar is confirmation of the climatic volume in the immediate background.

vsa with Malcolm