No. As Tom Williams makes clear, test bars are ALWAYS on down bars. You may find that on a higher timeframe it looks different - for example, there could be a test on the 5 min which results in the price shooting up - on the 15 minute it could end ...

vsa with Malcolm

This is the best post IMHO, I 100% agree with Intel. The key thing is to realise is that the SM is testing for supply, which they understandably do a lot! They don't test by poking their noses upwards because if it fails, it costs them a lot of ...

vsa with Malcolm

...better than the advice after the 20th pint

vsa with Malcolm

Well done Frank and welcome to the thread. Now that you are commencing live trading you could post up your trading strategy for us all to comment and give advice on.

vsa with Malcolm

I was referring to the fact that one chart was futures, and the other chart was spot. So the two charts were posted to compare against each other. EUR (sometimes shown as EURUSD) is Spot, and 6E is the futures. Futures remember is an actual traded ...

vsa with Malcolm

We're in a bull run, and the charts aren't showing anything to be concerned about that stopping. A lovely average spread closing on the high on slightly increased volume from the previous week but definitely not high or ultra high. All good. Buying ...

vsa with Malcolm

Sorry for the late reply, I was out drinking last night and have a hangover Both charts are Euro Futures (not sure what you mean by futures versus spot?), but the second is a 12 hour chart which starts at 09:00, so the first bar is 9am (GMT) ...

vsa with Malcolm

Both are futures chart but the second I call the 'Malc' chart because if you look in the top left corner you can see that its daily starts at 09:00, a preferred start time for Malc's sub 24hour timeframe charts. To be honest it was a mistake, I ...

vsa with Malcolm

I can answer most of that 1. I have no idea why the 1439 minute candles look different earlier on (about a week ago) - I can only speculate that something I've changed when messing around with esignal timeframes has started it recording ...

vsa with Malcolm

Spot Forex via Esignal doesn't give me daily unfortunately, so 1439 is the closest we can get.

vsa with Malcolm

Cable 1439. I've highlighted thursday's bar which is the last bar on my futures chart from a few hours ago.

vsa with Malcolm

If I could read I'd be dangerous... Sorry, just noticed. I'll do that in 2 secs.

vsa with Malcolm

I've given you two for the price of one Futures where we get proper daily volume (its one day out but I've photoshopped it along, so the last volume bar on the chart is thursdays) and Spot where I've used 1439 minutes. They are both based on ...

vsa with Malcolm

GU Analysis continued...Daily — OK, my daily chart. After this, I'll stop, I promise LOL On the 18th Jan, we can see some clear supply coming in. An up bar, on high volume closing off the highs.This halts the up move sideways, until we see a ...

vsa with Malcolm

Hi Meshach I'm afraid I'm not seeing what you are seeing. Can you please post a chart? Many thanks

vsa with Malcolm

Meshach I looked back and read your document. You only mention volume once, and that is to justify your reasoning that GU is bearish because the last two daily candles have reduced volume. Not once do you mention the spread of the bar. Your document ...

vsa with Malcolm

GU Analysis continued — OK, the weekly. I've drawn a line which is roughly in the middle of the congestion from 2009; I'm not suggesting we've conveniently hit a resistance line, merely that we're in a congestion zone and I don't see evidence ...

vsa with Malcolm

I'd agree, I did debate that one - but I felt that as the upmove was on reduced volume (less than the previous 2 bars) it was running out of steam and therefore no demand. Besides, Tradeguider flagged it as no demand LOL

vsa with Malcolm

GU Analysis — After the discussion today, I thought I'd spend a little time looking into the background of GU, which I'd never done before as I've not really looked into the pair. Interesting stuff, please bear with me. Apologies if I bore you ...

vsa with Malcolm