Georgerdx

Hi!, Anyone knows why Eiger is not posting anymore? Georgerdx

Hello everyone, What happend to Eiger? I liked his posts very much. It is a pitty that he is not posting anymore BR GeorgeRDX

Hi, Just a very quick thought (I am not a proffesionall). First you see 4 main Tops in your sideways movement. The price action closes on everyone lower and lower. The market makes lower tops. This is a bearish sign. The really that leads to the third Top is wery weak. Almost every up bar in that really has a short spread and a close in the middle. The whole up really happens on a receding volume - a bearish sign. And finally the last Top is a wide spread up Bar on a low volume compared to all other wide spread up bars in your marked area. The demand drying up. A bearish sign. The effort to rise has no follow through on the next 2 to 3 bars. The Market in fact closes below the effort bar. Again a bearish sign. I am just curious - why did you think that it is an accumulation area? LG GeorgeRDX (PS. Sorry about my englisch)

Hi everybody I am new here. I have read many posts about VSA - Part I and Part II and now I have decided to post a chart myself. I am not a trader and I have never traded anything - but I would like to learn it. So here is my chart: GMM.DE Background: Long term 2 years: I see a upternd and a sideways movement – long term is bullish Mid term 6 Months: The sideways movement has turned to be a continuation pattern a triangle. I would see the mid term Chart also bullish. The nice thing on the pattern is that everyone sees the support and resistance. I draw them into the 6 month chart. Short term 3 Months: Here I see that there is an effort to break the resistance line. The first attempt has failed and the price action went down again to the suport line. Then I see a wide spread up bar on a high volume (bar 1) piercing through the first resistance line and closing at the second resistance line. This is a bullish behavior – absorbing supply . The next bar (bar 2) doesnt make a significant higher high and stays actually at the second resistance line. This tells me that the Bar 1 contained a lot of selling and that the market will possibly not immediately go up. Based on the backgroung I see that the market is strong and I would like to go long. This bar however is not a good entry. I need more information. The bar 3 is a down bar on a volume lower than the previous 2 bars – no supply. This could be a long entry but I see a weakness on the bar 1 and the fact that the price action is at the resistance doesn‘t make it a good opportunity. So I would pass on this one. The bar 4 is an up bar, volume is increasing a bit. The close is at the resistance. Now we see that the price action is in a sideway movement. The price will break either up or down but till now it is not clear. Bar 5 & bar 6 are both upthrust like bars – sign of weakness. Bar 7 is an upthrust on a high volume. The price action refuses to go up. The price will probably fall. The first resistance has now become support. So on the way down the price will probably stop there (now first support) or at the bottom support (second support). Bar 8 & Bar 9 are down bars taking the price to the first support line. The price action can bounce here back up or go lower to the second support line. This is not clear at the moment. Basicly to go long I would wait for a no supply and/or test bars at support line. Exit then at resistance line - depends on further price action. So that‘s all. Does it make sense? Thanx GeorgeRDX

Hi everybody I am new here. I have read many posts about VSA - Part I and Part II and now I have decided to post a chart myself. I am not a trader and I have never traded anything - but I would like to learn it. So here is my chart: GMM.DE Background: Long term 2 years: I see a upternd and a sideways movement – long term is bullish Mid term 6 Months: The sideways movement has turned to be a continuation pattern a triangle. I would see the mid term chart also bullish. The nice thing on the pattern is that everyone sees the support and resistance. I draw them into the 6 month chart. Short term 3 Months: Here I see that there is an effort to break the resistance line. The first attempt has failed and the price action went down again to the suport line. Then I see a wide spread up bar on a high volume (bar 1) piercing through the first resistance line and closing at the second resistance line. This is a bullish behavior – absorbing supply . The next bar (bar 2) doesnt make a significant higher high and stays actually at the second resistance line. This tells me that the Bar 1 contained a lot of selling and that the market will possibly not immediately go up. Based on the backgroung I see that the market is strong and I would like to go long. This bar however is not a good entry. I need more information. The bar 3 is a down bar on a volume lower than the previous 2 bars – no supply. This could be a long entry but I see weakness on the bar 1 and the fact that the price action is at the resistance doesn‘t make it a good opportunity. So I would pass on this one. The bar 4 is an up bar, volume is increasing a bit. The close is at the resistance. Now we see that the price action is in a sideway movement. The price will break either up or down but till now it is not clear. Bar 5 & bar 6 are both upthrust like bars – sign of weakness. Bar 7 is an upthrust on a high volume. The price action refuses to go up. The price will probably fall. The first resistance has now become support. So on the way down the price will probably stop there (now first support) or at the bottom support (second support). Bar 8 & Bar 9 are down bars taking the price to the first support line. The price action can bounce here back up or go lower to the second support line. This is not clear at the moment. Basicly to go long I would wait for a no supply and/or test bars at support line. An Exit would be at a Resistance line - depends on the further price action. So that‘s all. Does it make sense? Thanx GeorgeRDX