lnangia

Before trying to understand the nature of no demand/no supply etc and jumping on trades it is better to understand what has happened before these bars occurred. A no demand will not materialize if the background shows strength and a no supply will add to more weakness if supply is swamping demand in the background. Rather focus on charts where demand is swamping supply and vice versa to understand the flow of the market. What i mean by this is look at charts where the price has been rejected at the top and accepted at the bottom. However every rejection and acceptance is not strength or weakness. This is where the law of effort vs result comes into picture. Hope this helps Cheers Lalit

Hi. Take a took at the attached chart. During the time of trading i was finding it a little difficult to interpret the price/volume/spread action after demand entered the market. The next 3 bars seemed weak ,so i took a short position here on the narrow spread up bars marked by the yellow crooked line which triggered my stop loss. The reason i initiated the short position was because there was no effort (volume) on the up move , the spreads were reducing as the price was increasing. Now in hindsight i am using a term that Sebastain Manby uses , the market was resting. How do we determine when the market is resting or a price is going to tank ?

Hello everyone..i have been using vsa techniques for a while now. I have read and re-read both the books written by Mr.William's as well as Prof Hank Pruden's book and have seen a lot of things mentioned in the book coming to life but i am still on the learning curve. The discussion on vsa here is just phenomenal and have already gained a lot reading the part 1 and 2. Looks like i have finally found an interactive traders website where i could discuss vsa and learn from others. Cheers Lalit