shreem

Hello PYenner, thank fro your reply. Happy to know that Ensign was mentionned. Hope an indicator for VMAR will come out some time in the future for this platform. I do really appreciated all the help that you give Walterw in developping indicators for his great method. Using already rainbow sclaping of Linuxtroll for some time, I see that the addition that Walterw is putting in adding the concept of VMAR is a great development. Will be very interested to see the VMA4 next week for MT4. I will use MT4 in the maintime that one get created for Ensign. Again, a great thank to you and Walterw for all the great posts that you put on VMAR. Sincerely Shreem:)

Hello Walterw and all, very nice threads that you have put there. I really see a lot of efforts. I really like you explanations about the VMAR concept and your videos are excellent and very enlightening. I have a question for all of you. Would be very interested to incorporate this analysis in my forex trading and I am wondering if someoen is familiar with Ensign Sofware language and how I can develp an indictor for the VMAR template on Ensign Software. Thank in advance a lot of pips to all Sincerely Shreem:)

Hello Reaver, thank for the compliment on the Avatar, really like it. By the way, I am using Ensign Software for forex (data feed from FXCM) and yes it cost 39.95$ a month but I do really like it and it is extremely stable. I really like the possibilities with this software. They do offer a 10 days trial. I have used different ones. Tradestation and e-signal are great but way too much expensive according to me. Also, the good thing with Ensign Software is that they do support forex, future, stock, metal and have plug-in access with e-signal, interactive brokers and others. In brief, a very happy custumer with them and I highly reccommend them. Sincerely Shreem:)

Hello SoulTrader, thank to have put live charts on the forum. It is much appreciated. Is it possible to expand the size of the charts or detach it to have 2 or 3 of them? Thank in advance for your reply Sincerely Shreem:)

Hello PP and Habi, thank for your posts on Todd Kruger. I do agree that this blog should be very interesting. Also, Todd mentionning his withdrawal of Tradeguider and his intention to start soon a course and mentoring program will be very welcome in the trading VSA community. I do agree that, in tradeguider (apart from Tom Williams of course) is really the one who seems to understand the most about VSA. Will follow this blog with attention. Great thank to PP to have inform us about this blog and to Habi to have post the link. Sincerely Shreem:)

Hello Tasuki, thank for your reply. You are absolutely right about your statement of point 4. As PP explained what can have the appearence (it has trap me:)) as a sign of weakness with a wide spread bar with ultra-high volume was in fact pushing through supply and a sign of strentgh and not a sign of weakness. I guess it is by making these kind of mistakes that we learn more. Anyway, thank a lot Tasuki, PP and Mister Ed for your valuable comments on the right definitation and placement of an Up-thrust Sincerely Shreem:)

Hello PP and Mister ed, thank for your posts. PP, absolutely no need to feel bad when you post your reply to my post. I am a still a rookee:embarassed: of VSA and WRB and Long Shadow Analysis and the posts that I made is to share with people and learn from traders more experienced than me as yourself. So, it is my pleasure that you corrected me on my analysis and please continue to do so in the future if the need may be. As we all know, the market do not care about our ego, so no need to feel offended by another trader comment. As I look through your post, you are definitely correct about definination of Up-thrust. It needed to closed lot more near the low to fall in the definition of an Up-thrust. Also, it is true that the second "supposed" Up-thrust do not fall in the S/R Zone of the shadow of the previous other "supposed" candle. As usual, your anaylsis is very enlightening and I feel most priviledged to have somebody like you to help me when I see things wrongly Sincerely Sreem:)

Hello Tasuki and all, back from the "sea trip" and it was very relaxing. Ready to start trading again fresh. Just wanted to follow with Tasuki last post on an exemple about a failed "legit" VSA signal. If you look at this most recent 60 minutes chart of the EUR/USD, you can first see that the Non-Farm-Payroll created a WRB that can certainely be used as a future S/R Zone. Secondly, we see an Up-thrust at the 09:00 to 10:00am est candle with Ultra-High Volume. This is a failed Up-thrust and it is soon followed by a second up-thrust 3 candles later. This candle make a new high during the session but closed on its lower portion which, according to VSA philosophy, clearly indicate that there was some supply present and appearing on that bar. However, price was not yet ready for a mark-down phase by the very presence of ultra-high volume on this candle. In fact, the ultra-high volume certainely implied that there was still momentum to the up-side and that the smart money was certainely not yet interested to the down side but needed to test demand once again before to be sure that there is no more demand present to impeed their intended down-move to follow. The interesting point in this exemple, is the 12:00 to 13:00pm est candle which is also an Up-thrust that also failed and it has a narrower range and volume less than the previous Up-Thrust; exactly the kind of high probability trade setup that we are looking for in VSA and WRB and Long Shadow Analysis. So, eventhough this second Up-thrust gives us the kind of signal that we want to see unfold before our eyes, it failed to deliver its meaning. The big question is why does it have failed as it is the kind of high probability trade setup that we are looking for? - 1 reason can be the fact that it was a friday at the close of the european session, time of the day and week when we usually see a decrease in volatily. - another reason can be the fact that the previous WRB created by the non-farm-payroll by its nature of being a center of shift or change in the supply/demand dynamic, was a factor setting the motion for the next sideway or choppy price action before the next mark-up or mark-donw phase. - or simply it is a right setup where there is no real follow through and is a good exemple of a "negative action" as VSA called it. My point here is, as Tasuki has rightly mentionned, there is no trading style that can work 100% of the time and we need to accept this fact as traders. Wishing you all a great trading week. Sincerely Shreem:)

Hello Dear Tasuki, you are most welcome. It is my pleasure to share what I learned and continue to learn from very valuable people on this great forum and thread. I really do believe that by sharing our differents ideas about VSA or WRB and Long Shadow analysis or anything for that matters, we can just grow more strong as personal traders and as a community. My insight into VSA and WRB and Long Shadow Analysis is very little compare to those of PP or NihabaAshi. It is by constantly learning those concepts in VSA and WRB and taking a lot and a lot and a lot of screening time with real time moving charts and not just static charts that we can fully grasp these great teachings and apply them. P.S. little message to all, please take note that I will not be able to post next week as I am going tomorrow morning in vacation in a chalet in the north of Quebec province and will not have access to internet but will definitely be back on the thread once I came back. So, please keep this thread alive and post of all your invaluable analysis. Sincerely Shreem:)

Hello Tasuki and all, Here is a recent 5min chart exemple of a high probability trade that I took just few minutes ago for a nice 10 pips. In fact, could have been more as I still have the bad tendency of closing my winners too soon. Still working on it:embarassed: Anyway, on this 5min chart, on the 23:55pm est candle, we see a squat bar (spread narrower than the last candle with volume higher than previous candle) immediately followed in the next interval by an up-thrust on a volume a bit lesser than the squat candle. All of this in the WRB support/resistance zone of the previous 1 hour chart in my previous posts where I was mentionning that i was looking for a possible trade setup in this previous range. In this trade, the confirmation came with the next interval after the up-thrust which is a dark line. It is really amazing how much it become fascinating when we begin to understand the interraction between VSA concepts and the WRB and Long Shadows analysis. As I was saying, it is well worth the time to learn every single posts of PivotProfilers on VSA and NihabaAshi on WRB and Long Shadow analysis. A very big thank to both of you. Recently, my trading decisions and profitability has dramatically increased:thumbs up: P.S. Of course, I am still a newbee trying to learn as much as possible and my understanding of VSA and WRB and Long Shadows analysis is far from complete. Sincerely Shreem:)

Hello Tasuki, thank for posting. Effectively, there is a difference in the definition between an up-trust and a squat bar. In this case, both definitions "fit" in this candle. An up-trust is generally a high volume candle with either a large, medium or narrow spread (ususally wide spread though due to the lenght of the long upper shadow) which make a new high and close near its low. The purpose of an up-thrust is to bring new longs so that the big players can take their stops and add fuel to their desired direction which is down. An up-thrust can have different size of candles and is usually on high volume. Volume of up-thrust do not necessarily needs to be bigger than previous candle. In fact, if it is, it has more chance to be tested again. A squat, by definition (from PP) is a spread narrower than the previous bar or candle (not necessarily the case for up-thrust) with a volume greater than the previous bar or candle (again not necessarily the case for up-thrust). The close can be anywhere in the candle although a close near the open (doji) make it more powerful. The purpose of the squat, by its definitation, is one of the most powerful reversal candle or bar one can find especially if the volume is high to ultra-high and the candle looks like a doji. The squat, by its very nature having a strong volume than previous candle and at the same time a narrower spread than previous candle make it a prime exemple of an intense battle between buyers and sellers and the "last breath" of the current direction of the market. To put it simple, it is a strong reversal signal. Of course, as for the up-thrust, the squat alone is not enough to trigger a trade but if you find this dual candle of both of them within few intervals in the range of a previous WRB or long upper shadow support/resistance zone, you have definitely something to look for going short in this case. So, by definition, both of them can appear in the same bar and both of them have a result to change the market direction depending on their strenght. Hope my comments help and PP please correct me if I made a mistake in my understanding of a squat bar. Sincerely Shreem:)

Another great exemple of combining the power of VSA with WRB or Long Shadow analysis. Look at the same 15 minutes chart that I have attached in my previous post. At the 12:30pm est candle today, we see a high volume test with a ultra-wide long lower shadow. At some time, this long lower shadow was a dark WRB but then failed to stay on the low and close near the high. In fact, looking at the relationship between the open and close of this candle, we almost have a long leg doji candlestick. Eventhough the next candle is up, there is no real follow through to the up-side and we even see a no-demand candle 2 candles later. According to VSA, why does it failed is the fact that the volume on this test is too big compared to the previous 3 candles and the market will have a high probability to test this lower shadow range to see if there is still significant supply present. That is exactly what happened with the the 15:00pm est candle which is a successful test with a range and volume lower than the previous failed test. Eventhough the volume on this candle is higher than the volume of all candles between itself and the previous failed test, what is important is it relation with the volume of the previous failed test. This successful test confirm us that there is not real enough supply left to mitigate the ongoing shift in supply/demand from the sellers to the buyers. Most importantly, all of this is happening in the range of the previous long lower shadow of the previous test which is a natural support/resistance zone to look for a high probability trade setup. Again, this example shows the power of the concept of looking at a high probability trade by looking at a lower volume signal in the range of a previous high volume candle zone. Finally, it is true that 3 candles later, we got another push for supply through an effort to fall but with a volume lower than the successful test, we see negative action or no follow through and then the path of least resistance is to go up. In fact, negative action or the path of least resistance are others VSA concepts wich logically imply that if there is no immediate action to the previous direction, the natural path is to go the other way. By itself, this candle is another signal to help us looking to go long. Sincerely Shreem:)

Hello PP, nice chart that you have put today and thank for your comments. I really begin to like what I see when applying and combining the VSA concepts with the WRB and long shadow analysis from NihabaAshi in regard to the EUR/JPY pair cross spot forex. PP, you are absolutely right when you says that the best setup occur when we see a low volume candle signal in the range of a previous high volume candle in a WRB or Long Shadow (lower or higher) support/resistance zone as it represent a shift in supply/demand dynamic. Again, please see both attached charts of the EUR/JPY spot forex. The first chart is a 60 minute chart and we see that on August 26th 2007 at 22:00pm est, we have established a WRB right at a reversal swing point. This WRB creates a support/resistance zone dynamic which will help us find high probability trade in the future in this range. That is what we get on the multi-timeframes analysis with first a no-demand bar on August 29th 2007 at 17:00pm est in this zone of the previous WRB. If we turn to the second chart, a 15min chart, we can see that, on the same day, the 16:45pm est and 17:15pm est, both of them give no-demand signals also on this previous WRB support/resistance zone. Still on the same 15 min chart, the dark WRB at 18:00pm est on the same day gaves us a nice signal to go short as this candle in top of representing a shift in supply/demand (WRB) is also a strong bearish signal as it engulfing the previous 7 candles including the 2 no-demands candles. At the bottom of my 1 hour chart, there is another important WRB created by the FOMC minutes which is a zone for me that I will keep an eye on in the future to look for signals and high probability trades and setups. Again, thank to all contributing posters on this great forum. I really think that if one take the time to really learn to grasp and mix together the concepts of VSA and WRB and long shadow analysis, one can be certainely on the right path to success. Sincerely Shreem:)

Hello to all, nice to see all keeping this great thread alive. I just wanted to show some great example of multi-timeframe analysis in VSA by comparing complementary signals in 2 timeframes, the hourly and 15 min charts of the EUR/JPY pair spot forex. First, on the hourly chart, we see a WRB which serve as a change in polarity between buyers and sellers and serve as a support/resistance zone that we can use to find possbile entries in the future. Later, we see an up-trust which is also a squat bar which illustrate again the concept in VSA of change in polarity from the buyers to the sellers. In effect, if there was a real intention by the big players to continue to push price higher as indicated by the previous bar, why then after making a higher high on higher volume than the previous WRB candle, this bar closed in the low and at the same time having a spread range lower than previous bar but with volume bigger than previous bar? This activity, on one hand, show the intention of big players to suck in new longs so that they can take their stop and add fuel to the downside (up-trust) and, on the other hand, a definite turn around of polarity represented by the formation of the squat bar which is also the same bar as the up-trust. This squat bar, by having a higher volume with a narrower spread and making new high show clearly that the "balance of power" shifted to the sellers. Most importantly, in relation to the previous WRB support/resistance zone, we see an effort to fall candle (19:00-20:00pm est) with high volume but failing to close on the low followed by a successful test ( 21:00-22:00pm est) with a volume less than the 2 previous bars. The salient point of these 2 candles is that they do appears in the previous WRB support/resistance zone and both of them failed to filled the open of this previous WRB. Finally, looking at the 15 min chart, we see a failed test (19:45-20:00pm est) on high volume in the previous WRB support/resistance zone followed 6 candles later by a successful test (21:15-21:30pm est) with a range narrower than the previous test and with a volume less than the previous test. According to my little understanding of VSA concepts, this multi-timeframes analysis is a good example of the power of VSA in one own's analysis. Particularly if one look to find signals of lower volume in the range of previous higher volume in a zone of a previous WRB support/resistance zone. All of the above is just my 2 cents and do just represent my new and beginner understanding of VSA concepts and WRB concepts from PivotProfiler and NihabaAshi by their posts on this forum and others. As my understanding of VSA and WRB and long shadows analysis will deepen, I will definitely become more and more an active member of this great thread. Wishing all a great trading week Sincerely Shreem:)

Nice Post PivotProfiler! Looking at both charts of Tasuki, it have pick my curiosity and I remembered something looking like this in one of their explicative chart in the book. They call this kind of bar a "No Progress on High Volume" and they were saying this kind of remark: "If a market is moving upwards on wide spreads, accompagnied with high volume and no progress is seen on the next day, this shows the volume contains more selling than buying" (Master the Market, P. 154). So, if I see it correctly, this kind of bar which is a wide spread bar closing on its higher portion with high volume but not ultra high and no follow through with the next bar going down with a close lower than the previous bar, it looks definitely bearish and could be implying that there was selling involved in this bar. As the bar close near its high, I do certainely agree with you Tasuki and PivotProfiler that this bar is an intent by the "smart money" to catch late long as they want to find buyers to unload part of their position. So, dear Tasuki and Dear PivotProfiler, nice finding and nice explanation. P.S. With this kind of bar and especially if the next bar is down, we can conclude that the "smart money" knows already in advance that they are not any more interested for the time being in higher price but want to find a way to unload part of their position. Anyway, this is just my little interpretation and I am still learning so I can be wrong. Sincerly shreem:)

Hello Ryker, Still working on it and will get back on you when finish it. Right now, I am taking much time to put in application my learning about VSA and WRB and long shadow analysis. As for now, putting a lesser timeframe for compiling data is the best solution. I think you are right in trying to put 24 hours is too much. I have a question though. In order to use this spreadsheet and get a day to day update, do I need to have a data feed vendor link to it? If I am remembering correctly, I need this kind of data feed to use it! If so, I do not have it:no: Maybe, another way is to input data everyday in the spreadsheet manually. Anyway, will get back on you when will get more time to look at it. In any case, this is a very good tool that you have put to represent MP Sincerly Shreem:)

Hello PivotProfiler, very much happy to see you back. I will certainely post some charts in the future as my understanding and practice of VSA application increase. I am new to it but really found this concept very very interesting and going well with my mentality. Have also put a reply to Tasuki on your thead on Moneytec on VSA. For the time being, as I am new to it, I am doing a lot of screen timing to see how the chart unfold in the eye of VSA analysis with the pivot Profile and what I see so far is really incredible how it is accurate if one is patient to wait for the proper setup. Plan on making my firs live trade with VSA next week or so and will post my thinking on this thread when I will do it. Wishing a great day to all Sincerly Shreem:)

Hello Tasuki, thank for the reply. Yes, you are right, KPcurency and PivotProfiler are the same person. He first started his thread on VSA on moneytec and as there was not too much interaction there and he discovered the quality of trader over here, his has began posting here on VSA. As for me, I have found that VSA and WRB and long shadow analysis are so great that I have read both thread here and moneytec 2 times in full lenght and I have put on a word document all the important concepts of VSA and WRB that PivotProfiler (KPcurrency) has written. I really find that his analysis coupled with his charts are simply brillant and extremely useful in my learning curve on these great concepts. Coupling that with my learning of MP, these are certainely a good mix to succeed in this business. Eventhough, some posts overlap on both forums, I suggest you or anybody interested to also take the time to read through his thread on Moneytec on VSA as there is really a "pot of Gold" for understanding VSA at works So, Dear Tasuki, a very good read according to me BTW, PivotProfiler, if you are reading this, thank you very much again for your great posts on VSA and thank for all others contributing:bow down: Wishing all a great journey of numerous pips or ticks Shreem:)

Hi Ryker, thank you very much for your explantion. Will certainely try to do that and will get get back to you if problem persist. A very big thank and Bravo to you to have put such a useful tool to all of us Great work!:thumbs up: Shreem:)

Hello To All, this thread is really great. PivotProfiler posts are very enlightening. Also, thank to thos posts of all others. I think that using VSA concepts coupled with WRB and long shadow analysis is really a great combination. If some people wants to see more about VSA, go and look at a thread at http://www.moneytec.com/forums/f46/learning-speak-language-market-volume-price-21166/ by KPcurrency on VSA which started "Learning to speak the language of ... It surprise me that no one is posting anymore on this thread. Are there people here on this forum still using VSA in their analysis? A great trading day to all Sincerly Shreem:)

Hello Dear TinGull, thank for the reply. You know, you are not alone in this situation. How many times, I have jump to fast as I was impatient to get in on a position to be stop out just because of my uncontrolled emotions. However, the greatest master of the Market is our loss if can learn from them. They have a lot to teach us. I can see by your posts that you are really a kind of learning from them, so I am sure you are already a very profitable and wise trader to learn from. Great journal that you have here Sincerly Shreem:)

Hello TinGull, if I may add something on your trade on the 17th, we can see that using the VSA perspective, the breakout candle was a form a of no demand bar as the bar close higher than the previous bar, close on the high with a middle range spread and most importantly, the volume was less than the previous 2 bars. If we add the fact that this bar was at the previous high of 14076, this was a sign of weakness for a continued up move. We had also a more perfect "no demand" bar 3 bars before (higher close than previous bar, close in the middle of its range, narrow spread and volume less the 2 previous bars) Also, if we look at the volume in relative term, we can see that every time tha price tried to pass through the hi of 14076, the volume was equal or below average, meaning no strong interest from the "smart money" or "big dogs" to get higher price. Just my 2cents to looking at your trade in another perspective. I am in no way an expert as i am learnign as everybody here but really see the edge in using volume reading with bar spread and support and resistance all together. BTW, nice trade on the following, very nicely done Sincerly Shreem:)

Hello Ryker, thank you very much in advance. It is much appreciated. Wishing you a great holiday and take your time. Sincerly Shreem:)

Hello Ryker, first thank you very much for your excellent spreadsheet for MP. The graphic representation is very excellent. I have tried to change the infos of your spreadsheet to put my data for 07/05/07 from 17:00pm until 17:00pm the next to get 24 hrs as it is EUR/USD on spot forex from my VT charts with the tick volume and it doesn't work:( Do you know what I have done not correctly? I have attached a copy of your excel sheet that I have modified. If you can tell me what to do it would be much appreciated. Sincerly Shreem:) MP - 0.024.xls

Hello Soultrader, very happy to be joining this great community of trader her. I have a little question for you. On the link that that you have put on your post below, do you think that the daily values of the British Pound, Euro FX or Japanese Yen future contracts can be applied for the same currencies on the spot forex which is what I trade at the moment? Thank you in advance for your answer Wishing you a very good day and thank for your excellent videos Shreem:)