ranj

Just started reading his book and it mentions the buy zones and sell zone. The book is a little complicated. I am not a wave kind of guy, but I like the structure of his thinking and approach to trend and trend termination.

Sorry, Working late, had some down time :missy:

Hey Bert, Take a look at DIA or SPY, The market really opened on the low and not near the highs on 1/22 Anyway that should not change things much since VSA does not look at the open. You have a high volume down bar closing on the Highs. That is strength. Look to enter long on the low vol test of the area the 1/22 bar. Didn't happen on the 23rd, which was a high vol up bar closing on the highs. We have to wait for the 24th bar to paint to determine if this is strength or weakness. I am personally looking for a no demand like bar within the zone of 125 to 127.5 on the DIA. But who knows what the market will bring.

Did nibble at a little long position today SUNH, two year solid uptrend Strongest in it's industry, and acting much stronger than everyone else It had pushing through supply on 12/20 and 21st or the creek returned to ice, or the break out point with a low vol test on the 3rd and the 7th broke the test high today, made an upthrust like bar, which is bearish, but the context is wrong and the broader market made the same kind of daily bar. The best thing about sunh is that it is acting much strong than the broader market, and it has not take any technical damage. So when the market does rally I am hoping for a nice pop past the recent highs. http://charts01.stockfetcher.com/sf1chart/755953136.gif

Tasuki, On your Dow chart, the current down volume is high as a local relative, over the past few days, but look at the aug low and the Ultra HV down bar closing on the highs, that is demand overcomming supply, so the current selling volume should not be enough to punch through the Aug lows. I too am looking long, but will wait for a trend line break with a WRB up bar and then a low vol. test of the area. ranj

checked out his blog, i'm going to order his book.

Take the time off, no new positions.

Hey Pivot, Thanks for the great posts on the Euro. I know how hard it is to trade and document, especially in real time.

Nature of Risk, Justin Mamis

JJ, One more thing. I like to look for price structure (VSA sequence of bars) in relationship to some reference, trendline, fibs, prior support or resistance, previous WRBs or Long shadows (thanks pivot). Not sure where this trade occured.

JJ, When I am looking at trend reversals. I like to see a break of the trendline, in your case, up trendline and then a low vol signal in the area of previous weakness. When you have a break of the trendline, you can either fall off with a sign of weakness, WRB down on solid volume and then wait for a low vol rally into the weakness. Or you can see a solid move up to test recent high, and then the sequence of upthrust followed by no demand should work out if it occurs.

Hey Sebastian, Thanks for the analysis. Do you mind explaining the difference between a hidden upthrust verse a regular upthrust. You make a mention of it in the audio clip, but don't go into real detail

Let me guess, and for 6000 dollars I can learn too.

Soul, Is there a transcript. Don't daytrade, but would love to learn.

Primavera Not Sebastian, but the next bat was up, Telling us that there was some strength in the high vol down bar.

Hey Mcichocki, I see what you mean the 18th had UHV on a narrow spread. That to me looks like a ton of effort with no results. If that was into new high ground it would "end of a rising market". I can't get a feel for the rest of the chart. Sometime I will look intraday to see when and where the volume occured on those very high vol days. Also I will look at the sector, and if the sector ETF of index sold off that day and this stock had high volume closing higher, that might imply buying when the news is bad. But normally a bar like the 18th would make me feel bearish on the stock.

Hey JJ, Yup no test on the 2 min TF. Was looking for the market to make the high vol. signal early in the 2 min time frame and then test to close on the high in the later part of the higher time frame bar. It looks like we got the high volume bar right in the middle. High volume down bar closing on the high is bullish. Look at the price action a few bars later. You have a sign of strength, WR up Bar, followed by a low vol and narrowing spread reaction within the high body. That is the area for the high prob long.

Hey Abe, I try to avoid trading on the day before and after Thanksgiving, not enough volume.

It looks like Demand overcoming supply. Go down to a lower time frame and see what that shows you.

Great trade Tin. But what makes it a great trade is not the no demand that you entered on within the gap but the distribution that occurred within the gray rectangle. When I learned to look at the background as opposed to a 4-5 bar sequence is when I started to really see the power of VSA.

Thank for the input. I am going to start to aggressively journal on this topic. I take three major type of trade. I think each has a different potential and deserves a different exit method. Looking back at my prior trade in review. Even though I left money the table the location of my profit target was sound based on how I viewed the price action. Thanks Again

Hi all, Looking for some advice in terms of profit taking for swing trades, ie 3-10 day hold ingperiod. Do most people who swing trade look for target to take a profit at or just trail the position and if you trail what method do you use. I have been frustrated as of late in my profit taking. I either leave too much on the table or the price falls just short of my target and I get a break even. I was working a short in FBTX, financial's rallied from the 8th to the 13th. FBTX set up with an inside, no demand bar at the top of the down going trend channel on the 13th. Short one of the weakest stocks in a weak sector. http://www3.stockfetcher.com/sfchart/2124926297.png\ Set a profit target of at the open of 11/8 of 6.55 start of the WRB, nice R:R. It closed today at 5.6, left almost another 2R on the table. :crap::doh: I need help in figuring out what is the best way to exit or adjust my psychology to live the weakness of either method. Thanks Rajiv

yes, then when the gap and the upper downwards trendline line up you a have a very high prob short.

Agree as well, also notice the peak in March, has been acting as support. Every bar that goes above or below that level tends to be a wide range bar.

I would redraw a little tighter trend line from the Oct high through the Nov high and fade the fill of the gap on no demand. But only time will tell.