TinGull

Nice bounce off a low volume node from yesterday. Grabbed a fast long.

Just throwing up a couple charts from trades that I took a little while ago

Glad you're enjoying, EyeQue. Look forward to seeing some analysis

My vote would be to take it to a guy who's job it is to figure that thing out. Then they have to back their work up and if it doesn't work, then take it back and stick it to him.

For a trend day...it is building some significant volume nodes. Keep seeing some folks halting the parade upwards.

Yea, location for me today was realll tough. I ended up grabbing a small short on the NQ cause I wasn't seeing what I wanted on the ES. Trend days are the toughest for me to trade by far, nothin like a nice volume big swing day to make ya feel good.

I am always uncomfortable buying at high levels after a big rush up. Always have been and have missed moves because of it. The way I see it, after a big rush up, there's not always enough juice to push it higher for the amount I'd want to take out of it. The bullish thing is that it's consolidating at the highs, so just correcting by time instead of price. I wouldn't be suprised if price broke out to the upside for some more gains, but I'd be long, cautiously.

Yup, some crazy buying I wasn't expecting.

Overlapping/lower value for Friday and the peak volume price was below the value area for thursdays trading. Volume also increased with a fair amount of volume happening to the downside. Just hoping this week isn't sleep just waiting for the jobs number Friday.

The last trade ended up going for 60 points, too...I didn't have time to sit and manage it though. But, VSA came to save the day once again!

Ahh, yea. Perfection is never attained...I've been at it a year almost with futures and while my analysis is always spot on, I'm always having troubles taking the trades. I got back into watching MP charts for that very reason. Give a little more confidence in how I'm seeing things.

80% aint nothin to frown at, man. If I had something that was 80%...mmmm...I'd be all over that like white on chicken eggs. (the white ones that is)

Hey Mike, As Ant said, MP is really a tool for gauging the market's potential direction to place hi odds trades. While some people will use VAL and VAH and POC's for pivot area (I used to do that) it's not really what MP is all about. I would recommend reading Mind Over Markets and then Markets In Profile...then MoM again. MoM is an inexpensive book, and MiP is not, though MiP did provide me with a lot more understanding of what the profile tells us. MoM gave the nuts and bolts of MP. Once MP and the auction theory really becomes a part of your trading, you'll know right away. For me, it came clear as day and I was able to implement it in my trading not by trading off of value areas, but by knowing that price is the market's advertising agency and price is always advertising itself to find takers. If price auctions down but on low volume, then there is a path of least resistance which would be UP. While it's really hard for some people to grasp in the beginning, it's really the best way to "know" the markets, IMO. Keep in mind, I'm far from being an expert on this...just tell it like I see it.

Check your mail

Wow, some intense stuff there. Thanks for the information, I really appreciate it

Exactly my point. I've got no idea how to trade this environment successfully. I feel like I'm shooting from the hip with it during the last 2 weeks. Very tough trading IMO.

Very interesting. Thanks for that info! Makes sense that tomorrow *could* be a sell short day. It really seems like the market has stalled out. Consolidation is one thing, but all of these balanced profiles over the last 7 trading days is craziness to me. I would think if there's a push into the top of this range around that selling tail on 9/19 that the sellers should present themselves. From a TPO count perspective, the "sellers" did have the upper hand in todays action as well, which could lead to some selling tomorrow. Over-all, I'm exhausted from this non-action. For my setups I need volume to be there, and I haven't been seeing what I need from the markets and haven't been able to put my best foot forward. Just hoping we get some wild action at some point in the near term.

dogpile or ant...would either of you mind lending out a link to this "taylor" information you talk about? Thanks!

Here's a chart of gold from today. Note the HUGE push through the 30min OR low. This alone gets one to think. HUGE range on ULTRA HI volume closing at the lows. Next bar is a lower volume (tho still big compared to the days other bars) doji, then...we get another big range bar on even BIGGER volume...but the VB is showing us that selling is subsiding. Hmmm, interesting isn't it? Price probes the low one more time and then volume drops off a cliff. What happened there? No more sellers. Note that we get a higher volume bar that closes at the lows of the bar and of the session, but can't crack it. When the next bar shows us yet that the lows can't be cracked...it's a good opportunity to put out a marker position long. Then, when we get some obvious signs of accumulation happening via the VB indicator (note the blue divergence line) we could add. There are 3 levels of S/R to watch for any push higher. Right now...only 1 level that could prove to be resistance via a WRB, and then the high of the session. One thing to note on the VB...a blue spike on a down bar is VERY telling...very.

New Discussions to be posted here: http://www.traderslaboratory.com/forums/f34/vsa-volume-spread-analysis-part-ii-2562.html#post20650

I wanted to start another thread on VSA per another members request so that the material is a little easier to chew on. I'll post up a chart later on...prolly not of today's action since it's been as boring as anything I've ever seen.