lhookway

Thanks for the reply and explanation Eiger, very much appreciated. :applaud: Regards, Laurence.

Thanks Monad, I will heed your advice. Regards, Laurence.

Thanks for the replies although I must admit I am quite suprised that no-one as yet has been able to answer my queries. Regards, Laurence.

Hello Forrestang, It is how they artificially mark prices down and conversely how they artificially mark prices up that I was enquiring about. Regards, Laurence.

Hello Forrestang, thanks for the reply. If there is a WRB that closes towards the low then the implication is that there was more supply (i.e. selling) than demand (i.e. buying) and that caused the price to fall. Your example picture of a buying climax fits the bill. The quote from MTM says... The last sentence ... "Supply on the opposite side of the market has been swamped by demand from new buyers and slowed or stopped the move." ... is what has me scratching my head. Shouldn't that last sentence actually say ... "Supply on the opposite side of the market has swamped demand from new buyers and slowed or stopped the move" Regards, Laurence.

Hi there, I'm trying to wrap my addled brain around VSA and I have a couple of questions that hopefully some VSA guru can answer. This has me scratching my head. If the high volume contained more selling than buying then doesn't this imply that there is more supply than demand? The quote above from MTM suggests that the opposite is true and that supply has been swamped by demand. If supply is being swamped by demand then wouldn't we expect to see higher prices and a continuation of an upward move? Mark-Ups and Mark-Downs In MTM mention is often made of the Smart Money (i.e. the Pro's) marking prices either up or down to facilitate their nefarious purposes. Just so I can get a handle on marking up and down but without getting into very detailed specifics how does the Smart Money do this? Using Forex as an example if the Smart Money wanted to mark-up say EURUSD would they buy a whole bunch of EUR, gobbling up some of the EUR that other traders have previously bought but now want to sell, thereby forcing the price up? Likewise if the Smart Money wanted to mark-down EURUSD would they sell a whole bunch of EUR presumably to other traders that have previously sold EUR themselves but now want to buy, thereby forcing the price down? Regards, Laurence.