It's actually a bit messed up... the 5 yellow lines from left to right. 1. Buyers? 2. ND 3. Squat type bar on increase in vol with no spread to match unable to make a new low 4. SO 5. NS of sorts closing on it's low Might see a retrace from here but ...

vsa with Malcolm

Now that 5min squat followed by a SO might give some hints of strength... would need a trigger candle, NS or test though to get in... still not sure how much up move we could see from here.

vsa with Malcolm

IMHO we aren't stopping until at least 6200... not personally seeing much strength ATM also just a little over an hour until London goes home. May see a retrace move up leading into or just after that but ATM not very sure.

vsa with Malcolm

Wow... quite different from here in Canada.

vsa with Malcolm

Well I am glad someone actaully traded it

vsa with Malcolm

Based on tradeguider definition it could be looked at as a squat type bar signaling a possible EORM however it also notes that for this we will typically be into a new high with no aparent trading ranges near by. Since we are in fact back at that ...

vsa with Malcolm

Ah sorry then...

vsa with Malcolm

Not sure of this was to Intel or me... lack of equity and a spouse on maternity leave are two of many reasons... plus I didn't take the trade (it was a set-up I would have taken though) as I slept through LO as the new baby had a rough night

vsa with Malcolm

GU short — Did or would anyone on here using AMT / VSA have taken this GU short. Price climbed up and hit and was stopped at Daily R2 level, came back down under the 3/2/2011 POC came up to it and was rejected by it. 1. Squat type bar, major ...

Auction Market Theory and Market Profile

3 of the last 5 days we have seen open and close prices being within just a few pips... We are definately staring at some major supply for cable.

vsa with Malcolm

Another exciting day thus far with respect to daily ranges...

vsa with Malcolm

As always thanks for your wonderful insight... so based on that would you see any valid entry on the move up today on EU? The only decent entry I saw was the hidden test that I noted in my chart example. Even though is was a hidden test the fact ...

vsa with Malcolm

Like any bar used for trade entry such as a ND or NS positioning of the test bar and overall background is critical.

vsa with Malcolm

EU — Now that EU has taken out and closed above 1.4 I would expect a retrace into this level to test for support.

vsa with Malcolm

Agreed as it is the lower TF's that make up the higher TF bars... Looking back it doesn't appear that most take too much stock in whether the test bar closes as an up or downbar but more the reaction of the bar in that area of previous high vol.

vsa with Malcolm

I see... perhaps the upbar tests are the ones I see some referring to as hidden tests...

vsa with Malcolm

EU long off test — This for me personally would have been a nice entry off successful test of previous high vol area / trigger and POC. 1. POC from 3/4/2011 which had not been broken so far today 2. High Vol and relatively wide spread bar ...

vsa with Malcolm

Where does he state that all test bars are on downbars? Why can it not be an upbar? The example in MTM of a successful test has marked an upbar with it's close being higher than the previous bar?

vsa with Malcolm

IMHO the vol seen on that Friday isn't high enough to be EORM bar ... if next bar is down on increased vol and closes on the lows then perhaps a temporary new yearly high is in place. However I very much expect to have possibly Monday and Tuesday ...

vsa with Malcolm

But that's what has confused me is that bar C which is noted as a squat is the lowest vol bar making up that pattern.

vsa with Malcolm