ranj

Hi Ravin, do you mind providing some examples in chart form. I trade primary via VSA. In reviewing my successful trade, I noticed WRB involved in my various VSA entry setups. Thanks Rajiv

Looks like a buying climax to me, will need to see signs of distribution and then some lack of demand prior to shorting. Rajiv

Hi all, Looking at AAPL today. Over the past two days it appears that supply has over come demand with 9/5, being a WRB down bar closing near the lows, on ultrahigh volume. Will look for signs of no demand in the body of the black candle to go short at.

Pivot, Thanks for the insight. I am still trying to hone my skills with VSA. And your analysis is excellent. I use Fib retracements to kind of get an area of interest on the chart. In this example, I saw the HV Up bar closing in the middle. So I thought why would the ETF be weak at this time, or why would this bar form like it did. So one of my assumptions is that some traders (many based on the volume) may have plotted a fib retracement on their chart and acted upon it and that is why it closed where is did. I don't find any special property to fib retraces and extensions, it is just an area that I expect other trades act upon and I am trying to detect their participation by looking at the price action via VSA. I apply the same process to MA and trendlines and intraday pivot numbers. Thanks Rajiv

Hi All, Setup for review on a daily chart. Looking to short XLF at the 50 % fib retrace. from May high to Aug low. I see a very high vol up bar closing in the middle (weakness), followed by a low vol up bar closing the middle (no demand) two days later. Looking to enter on a break of of the prior day's low. I am still working on my VSA skills, any insights would be helpful. Thanks Rajiv [/img]