Ditched it at 6930 oh well, still up for the day
You are absolutely right!
It was a pretty profitable Week!
The forum is a great help.
Which you all a nice weekend.
I need some way to filter out these bad trades/analysis until i get the hang of this. I was thinking some kind of histogram or something. Maybe just patienceā¦
Incase you missed it, hereās some good weekend study material.
Hi eVeryone, anyone know the difference between high volume upthrust and low volume upthrust?
Which you all a nice weekend.
Yes, definitely PATIENCEā¦
One has high volume and one has low volumeā¦ LOL
Like everything else in VSA it depends on the background, and then the reaction.
For a high volume upthrust, if I see weakness in the background, then this is one of my favorite catalysts to get in on, after I get the proper bearish reaction to it. The high volume means that there were still buyers present, but the sellers stepped up, pushed price back down, and are probably going to make a move to mark price down (assuming there is a bearish reaction to the UT)
For a low volume upthrust, I NEED to see weakness in the background, and prefer some recent climactic action. The low volume UT would mean there arenāt many sellers present at the current price. I personally donāt look for these, and Iām not sure how often they actually occur. Itās not that they canāt happen, but think about how this bar forms; buyers push price up and sellers push it down. So, there has to be some buyers present for a UT to form. That said, if I do see a ND that has a nice upper wick, after SOWs, that does get me pretty excited
Let us know if you have more questions on this.
Thanks,
Ryan
Ryan, thanks for sharing your knowledge, appreciate that
USD gained strength across all XXXUSD pairs on thursday and friday previous week. No sign of climactic buying YET. Only some slightly higher volume before friday close, could be profit taking for the week.
Im bearish until climactic buy volume shows up.
By the way, hello guys. This is my first post in this thread
Heya guys,
With this low volume consensus among the market latelyā¦how are you all determining your entriesā¦after news? It seems to be that the volume stays quite stagnant until news hits the market.
Hope youāre all well.
- Romancandles
With VSA we are always looking at the relative volume. So, even if the volume is low, thats okay, we are focusing on the high and low volume areas, the background, and the reactions to tell us what is going on. That said, observing that the volume is low overall can be very helpful in managing our expectations for returns on a trade. Also, if you combine the fact that there is overall low volume AND that price is stuck in a small range, that can also act as a filter and let us know that we donāt want to be trading that pair at the moment.
Great Answer! And, yes, I agree. It is all about relativityā¦not What used to be High vol six months ago,etcā¦More-so what is considered high vol now.
Thanks again!
- Romancandles
Hi pete,
i have a question i hope you can answer,
in your first thread (1,500 pips) (pg 79) you say you determine strength or weakness by the reaction to high volume up/down bars.
you said if you have a high volume down bar and the next bar cant break the low of that candle you call this strength.
my question is if you have high volume down bar and the next bar which is a bearish/red bar cant break the low of the first candle but the bar after that does, is this still strength or is it weakness?
any help would be appreciated.
thank you.
To me, that would look like sustained selling. This is why we always wait to get in. We try our hardest not to pick tops or bottoms.
You need to look for a confirmation possibly, so a close below the low of the high volume bearish candle would not necessarily indicate strength, but continued weakness.
The easiest way to go about it is look at the volume on the bar, its open, close, low and high and ask the question āWhat did SM do hereā. Quite often, that simple question will drag the answer out easily for you
I donāt see a good setup today. Maybe news in a few mins will helpā¦probably not lol.
[QUOTE=āpetefader;628145ā]I donāt see a good setup today. Maybe news in a few mins will helpā¦probably not lol.[/QUOTE]
I was thinking the same thing.
Just entered AJ long off of a 61.8 fib bounce. I NEVER trade Asia anymore as it tends to be too slow for me, but I was stalking the setup this morning and its there, clear as day right now. 25 pip stop, first target is 95.76.
Please say a prayer to the trading gods before bed for me Errrr, when you wake up on the other side of Earth