Sanook

Again, if I'm understanding the previous bars indicated as being strength coming in, then both Tom and Sebastian have said many times recently that that bar is not no demand. If there is strength in the background it can't be no demand. Confusing. Who do I believe, as yes I do see that the trade worked? But they have used the reason that it isn't no demand to explain why certain trades did not work. You've been doing this much, much longer than me, so any advice you can give would be really appreciated. Can I also ask, who is 'Shapiro'? I understand it's taking out a bar high or low, but why the name? Thanks.

There are a few things that confuse me on this 15m chart. 1. I'm reading and re-reading MTM, but I still don't really get the entries. All I can see on this chart are the two no supply bars. The first is maybe not great as it closes on it's lows, but the second one looks valid. Even placing a stop behind the high volume down bar would result in a loss. The only other entry I see, but I'm not convinced in the slightest, is the green arrow that could be a test. I see these high volume bars quite often now and what they often lead to. As Tom Williams has called it recently in the VSA webinars, it's this 'churning' period after that totally confuses me. The only solution I can see is to not actually use a stop. 2. Again, from the recent VSA webinars, both Tom and Sebastian have said that the bar I have marked is not no demand, as there is strength in the background. However, re-reading the VSA 1 and 2 threads here, it is often stated that these bars are no demand. Quite confusing. 3. Again, from the VSA 1 and 2 threads here. Is it standard practice to place these S/R levels that are derived from the wide range bars? I have used one and the green arrow bar does seem to react to it. Is this just coincidence? Thanks.

Thanks again Eiger, that has certainly cleared up bar C. With regards to bar D, would we not short here as it is a down bar, and we only short up bars, or is there another reason? And with regards to bar E, even though it appears to technically be no demand, the volume is certainly not as low as the volume is on the bars around 2. Is this why bar E is not the greatest choice either? Bars D and F are something I've seen many times trading price action without volume. Enter on the break of the hammer at D with a stop above, only to be taken out by another hammer at F that eventually goes in your direction. It's this area around D,E and F that I hope VSA can help with. Thanks.

Thanks Eiger, I'll put some charts together. Meanwhile, you (or anybody else) could greatly clear something up for me by answering this. On your first 3-minute ES chart from the recent Pure VSA thread, you say, 'Good locations to initiate shorts were at F, G & H. Could you explain why C, the no demand bar, is also not a good location to short. If I could finally get my head around this problem of seeing no demand bars and instantly thinking short, I'll be making progress. With regards to F, would I be correct in thinking that you'd enter a tick below and place the stop a tick above. With regards to G and H, I'll assume again entry is a tick below, but is the stop placed above G and H, or is it left above F. I personally would leave it above F, but if that is seen as being unnecessary then I'll reconsider. Thanks.

Hello, I've been looking into VSA for a few months now. I find the story VSA tells of what's happening on a chart quite fascinating, but I'm still yet to find any solid agreement on how to actually trade VSA. Even watching the videos TG have put out, the story is wonderful, and it all makes sense on the left side of the chart, but I often ask myself where's the actual trade? Where do you enter and where do you place the stop on the right edge? When I try to answer this, I usually get caught in no demand after no demand, perplexed as to which one is actually the trigger. Or an upthrust that a few bars later is taken out by another higher upthrust. Similar to what happens with basic price action trading and death by a thousand stops. Would any VSA traders be kind enough to post some real trades in this thread, or show some options to consider before making a trade. Thanks.