4rings2snails

Much thanks to you. I saw this chart quite differently with your interpretation combined with that day's pivot point and it's respective S&R's.

On the ES from 8/19, if one traded from the 3 minute they would have been tossed major noise. At some points in the day the 3 min. was tell a completely different story than the 5 min. It was crazy. 3min chert = bad for me.

Anyone want to take a stab at showing us how they would have played the ES today? Holy smokes! This is going to be a tuff sell, if anyone's even willing to try and show us proper entries/exits and truly justify them. The thing that confused me most was the first 30 minute of the regular session. If anyone would kindly chime in I'd really appreciate it as the volume divergence from the first up bar (5 min.) to the second as well as the divergence in vol. from the 4th to the 5th and sixth bars while price continued to skyrocket really perplexed me. Volume dropped off in those situations, yet we saw major jumps ups. WTH? Anyone? FWIW: I foolishly used the 3 minute more than the 5 minute chart and the read on the 3 minute killed me (it was like a bad dream that I couldn't wake up from). I WILL NEVER USE THE 3 MINUTE CHART ever again... Only the 5 minute chart from this day forward.

VJ, respectfully, please read through the above portion of your reply to Tasuki and tell me if you notice anything that's off. The reason I'm inquiring is because I read your response word for word and I'm a little lost when you start writing about specific bars. I think, but stand to be corrected, that you got a few of the bars mixed up in your explanation of them and which ones you are referring to. So would you kindly go over that paragraph and doble check it for me becasue things aren't adding up for me. TIA, 4r2s

Ya know, I was thinking, I'm curious if this setup would have been quite as visible on the 3 or 5 min chart. I would of missed it completely on the 5 minute. I usually never look below 3 minutes as there's usually a ton of noise, but this one minute chart was rather clear. Anyone have any thoughts on this?

You are a Jedi Knight in my book! Learned a ton from your breakdown. Thanks VJ! Shreem, thanks brother, very informative. Your input combined with VJ's was quite insightful. Thank you.

Attached I show you what I mistakenly thought was a good, yet aggressive, entry point. The green line idicates what I thought I would see after the three strong down bars that aggregated to be about 3m shares. Truth be told, if I look in the backround that far I my mind would produce so many mixed signals that I would never find a comfortable entry.

Hi VJ, Yeah, this stock really confused me yesterday. I got out with a marginal gain right before it almost touch my stop. So I got pretty lucky. Funny thing is, is that this damn thing is trading at 11.39 this morning in pre-market action on decent volume. I hate holding positions overnight, but had I done that I'd be up a few thousand today. Hindsight = 20/20 :doh: Well, here's the remainder of yesterday's action so you can see what it finished up doing for the day. Thanks for trying to figure this one out. I'll chime in later about what it does today with regard to that last heavy down-bar from yesterday. Meaning that possibly scenerio 2 is bullish. Thanks again for your insight VJ. Cheers.

With regard to intraday positions ONLY, how much importance to you believe the long-term backround has (2-4 weeks) as opposed to the short-term backround (< 1 week/2-5 day backround)?

Hey VJ, Can you have a look at this chart on LVS and tell me your thoughts on what the two excessive volume, up an down (side by side) bars are trying to tell us? FYI, the 1 week backround is trending up strong after hitting resistance 2-3 trading days ago. FWIW I'm currently Long at 11.19. Any insight would be appreciated.

VJ, just want to say thank you for the last three charts as they really helped clarify and confirm a few things for me. And nice short FX call on that chart. Worked out exactly how you thought it would, again, good stuff.

1 for 1 on newb flamming, 0 for 1 on username originality Thanks for the heads-up on the SVA/VSA mistype.

Hi everyone, I'm new to TL but have been trying to absorb VSA and its mechanics for a couple weeks now. I finally decided to incorporate what I've learned thus far and went 5-6 on Monday and today I went 8-8. I'm actually quite excited about VSA as it showing more promise than anything else I've ever tried in the past. With that said, here are my two most profitable trades that I made today <attached>, and what I was curious of is what I might have done fundamentally wrong in these two particular positions. I know they're not perfect trades but I really tried my best. Please pull no punches and let me know where I may have done better, or please point out where I may have increased my risk. I almost got smoked on a 5k share DELL trade today. I might post that one up too, but I'm more interested in these two as for now. Thanks for any insight and thank you too all of those TL VSA pro's that I learned so much from so far (you guys know who you are). Glad to be on board with the VSA crew here at TL. Cheers, Chris in Buffalo