weiswave2 indicator. it counts volume per wave and shows hidden bulls and bears working. Its based on David Weis work.
@ Jethrot Thanks, very helpful!
hi,Gu has been in a range for a couple of days, is that a distribution or a reaccumulation, i feel hard to tell this, i feel is a little more distribution than accumulation, but not sure. can anyone tell, thanks
Today is a very mixed and unusual background. Right now I donât see an opportunity to trade. Maybe it will clean up after news but that wonât exactly cancel out the mixed background situation. E/J long was a decent setupâŚearlier. Maybe no trade for me today. It happens. 
Honestly, I have dropped that indicator now. If you can see VSA then you dont need indicators, but it took a very long time for me to finally get to this point.
@ jethrot Noted!
I am new to VSA. I have been through the treads and watched the videos countless times. This was my first trade using this method.
What I noticed on EUR/AUD 1H was demand coming in. Is this correct?
Then on the 5M I noticed that all the increasing volume(even the highest for the day) was associated with the down moves, meaning SM was getting long, right?
On the tops, volume was normal or declining
My entry was not planned, I decided to get long after the move above the previous intraday high after the trend line break. The R/R was good.
One question is for the bar pushing through the trend line. Should this be with low volume for confirmation? And would a valid entry be on the pullback to the trend line even though NS didnât show up.
I hope you donât mind me posting another currency. I liked the 5M volume on the lows and went with it.
Looking back at yesterday on the 1H chart, there was a pin with increasing volume, so would it be safe to say that was stopping volume showing strength and that the 1H was in accumulation this morning before NY open.
As far as entry, where would you enter.
Thanks
I see youâre using the trend line like an automatic rally. Thatâs interesting. Then the answers would be yes. A low volume test I find suitable even if there is technically not a NS by definition. Also, you can often find a NS on the 15 min chart there.
If Iâm seeing the chart correctly, then one thing I wouldâve been concerned with is that the area where you see a SOS i.e. high volume down bar, then led to prices with closes that were lower than the lows of that candle. So, for me, I wouldnât have been looking long. From the little bit I can see, it looks too mixed and I wouldâve been sitting out. Often is the case with the odd Mini FX pairs. It was originally a SOS but with a lower close I worry that it was sustained selling. Let me make a disclaimer: I did not pull up my charts as I donât trade EA so I am not fully aware of the âbackground storyâ for the week. This is just my opinion from the snapshot.
For me, for trend channels, I use this rule that Iâm not sure but I think Pete taught me: two points will make you aware that there may be a channel forming, however you need three points to confirm it. We never saw that third point as price just broke through the suspect channel. If it were a confirmed trend channel, I would like it to break through on low volume, that is then confirmed by a higher close. If it crossed the upper TL on high volume, Iâd be worried it could be sellers showing up.
If you took the trade, you made pips, so good for you! That is all that really matters. However, for the sake of consistency, you may want to give the above ideas some thought as you move forward with VSA. Iâve been studying it for 1 year and things are finally starting to âclickâ with me, in a major way. Thanks to my boy Pete!
Pete may weigh in with different thoughts. You never know; Iâve had a few lagers lol
Keep posting!
Cheers
Pipdaddy might be right. You might want to consider setting your breakeven. heh
Hey Pete, Iâm sure youâve answered this question thousands of timesâŚyet, which sites do you use to check news?
Once again, thanks!
Kind Regards,
- Romancandles
Notes for ezday post
1.
When comparing the upper and lower peak volumes, we can see that the average of the lows is higher than the average of highs. And in addition, there is a down-trend.
This is a great preparation for upward breakout.
The low peaks volume is high, because SM takes advantage of the supply of the flock, and bought. Rejoice at lower prices, but the supply will run out. The pins and volumes of high peaks are smaller, that is - for the time being - the SM does not want to be applied to the price. SM takes advantage of the low price level for buying.
Then he is breaking out and he is going to sell expensive.
The lot of waves are a form of climax. Note that the eruption up takes place after the internal downtrend can not regain their previous level of depth.
The conformation is correct. This is typical of PA formation.
So much buying into these down moves today! This is either going to turn out really good, or really bad for Smart Money lol. Most likely goodâŚso look for it. 
Hello
Situation on AUD USD looks very interesting alsoâŚlooks like market is preparing for another advance toward 0.9150 area.
Regards for Everyone
Welcome Scyther!
Please post a synopsis of your analysis and/or charts so everyone can continue to observe and learn. We watched AU closely today but would love to hear your thoughts.
Thanks!
Ryan
Hello PipDaddy
Sorry that I have not reply sooner but I was very busy (silly day work). Type what you think about my analyse.
From yesterdayâŚ