yeah, I do analize every single candle for some nugget of wisdom. I can run you throught my thinking really quick.
I see the 50. fib at 1.20033 and I see the candles have tested it, so I look down at my volume. I see on the 6th candle back its an up candle with no volume at all. So I think price will drop. Then I look at all the volume before that and how the candles start at teh .50 fib, and dip down then flatten out. I have no idea what that means and its just alot of volume that all looks the same to me.
I see currently the one green up bar and it has more volume than the candle 2 before it, so it canāt be a no demand.
I see the current candle with 20 seconds to go and its half way closed with mid volume so maybe it met resistance?
what about the candle that looks liek a no demand candle though?
I see the two down candles around the āfake NDā candle have high volume so am i suppost to know this is a mark down test, or is this just a bunch of buyers selling? what about the wick on the right side candleā¦ it has medium volume and finished half way up.
I should sell because there wasnāt high volume
I should buy because there was a wick
I mean its hardā¦ take the double top for instanceā¦ I see the first part has high volume reaction, the second part doesnāt. It also has a no demand bar in there.
VSA says that if you run into selling, there will be volumeā¦ so why was there none the second topā¦ to let me know the price was gonna drop this many pips?
and what set up am I looking for now? a high volume pin to stop this down trend and for it to reverse? or what?
that was cute. I really would like to understand this. I watch your videos and understand everything. I can see exactly what your talking about when its pointed outā¦ its me seeing it on my own Iām having problems with.
I mean, I understand that. If you look throught your 300 page old thread Iām sprinkled throughout there everywhere. It not that I donāt read its that maybe I need it explained a different way.
Iām definitly following only your methodā¦ concidering I started traiding and started using your method only at the same time Iāv never really tryed anything else. The problem isnāt mixing methods, its understanding your set-ups, but worst is understanding what Iām not suppost to be looking for.
I know youāve explain everything a hundred time, Iāv seen you do it. Itās that i donāt understand the way you explain things because you explain things the same way everytime. That is no fault to you of course.
It just seems to me there are so many difference scenariosā¦ what if it pins with volume near a reistance, what if it pins with no volume, what if it has high volume and is a solid bar with a doji, then a high volume up bar? what if it breaks through. What if there is a no supply or no demand, when do those matterā¦ ectā¦ thats the kind of questions that are keeping me confused because Iām not sure what knowledge to appy in what situation.
The videosā¦thatās the best I got for ya. I havenāt even found it necessary to hold webinars because I see people are doing it on their own just fine. Besides, I would just be saying the same thing. Thatās the best I can explain it.
Letās end this here, we are really cloging the thread. Contact me on skype and Iāll take some time with you. My skype name is Petefader. (Admin, if you give me an infraction for trying to help this guyā¦lol)
I see the no supply bar, on the up move. AS SOON as I place a buy order, the next arrowed bar pins, with volume and moves down. the next bar is a down bar with less volume than the 2 before it, but price still moves down with yet another red bar that has more volume than them all.
I donāt understand where my logic is wrong and I keep doing this over and over and I really would like to bang my head into my keyboard im so frustrated. Iāv been making some stupid mistake for the past year and a half and it keeps causing me to fail.
Kendallb183 have you read master the markets by Tom Williams? Donāt pay attention to the trade guider hype. Once you grasp that then you will understand petefaders videos and vsa.
I had to block him, thanks for trying though. After speaking on skype, I donāt think he can follow a method correctly at this time. He is breaking all the rules and just making excuses. Iāve never seen anything quite like it. The excessive posting was also disrespectful.
Great analysis Pete. Can I just ask about the part marked ālow vol testā. In this case, it is not a āno supplyā bar as it does not have volume less than the previous 2 bars, but it does look like that given the shape of the candle. is it the fact that the move in then back out of the push through area is on ārelativelyā low volume and happened quickly that is the important point here as mentioned in your video. I thought that a move back into the area we wanted to see high volume moving it back out quickly, as per the video? I assume the ātestā is considered as both bars, the into push-through-zone bar, and the move back out and up straight after it?
Whenever I hear I have to look for a low volume test Iām typically looking for bars that are a āno supplyā bar with confirmation, or the classic VSA test bar that goes down then closes near its high with confirmation on the next bars. This appears to be neither.
In the video he shows a short setup where it pushed through and went back into the rectangle to test, and the bar was a small spread with increasing volume compared to the bar before it. The volume should be relatively low compared to the stopping volume bar. This is just like that except its a long setup.
In this case it went back to test and demand overcame supply. He also said its better if this bar is a true NS bar as then it would show there is no supply there to impede the mark up.
Iād stay, stick to the NS and ND for entry until you are more experienced, it works for me! But also, something thatās cropping up on the 15 min chart is that a couple of push and test an the 5 min have shown up as ND/NS on the 15m, donāt take it as fact, but I think itās something worth looking at, after all it kind of makes sense when you think about it.
