Not really, infact is a form of shakeout over 2bars or the equivalent to fail upthrust-(if u were to combine the 2bars or just look at 1hr bars), The volume is supporting the supply side with resistance at around 1.54200. Selling is present there. ...

Trade Using VSA (Volume Spread Analysis)

Continue from my previous post ref: url GU is seeing more supply as it nears the intermediate fibo retracement levels, a more protracted down move could be expected with renew increase in supply. (initial anticipated retracement to tp at 23.6% ...

Trade Using VSA (Volume Spread Analysis)

update on GU form prev post ref: url with recent showup of weak demand & hidden selling, we could now expect a retracement to test the 50% level again or to lower levels. image

Trade Using VSA (Volume Spread Analysis)

update on GU continue from previous post ref: url GU have retrace instead, now at 50% level of the swing AB, after shakeout. Strength is appearing at this retrace level which is just above the previous resistance hi of last friday. We could expect ...

Trade Using VSA (Volume Spread Analysis)

GU accending triangle pattern BROKEN! — Good day all! Here is an up update from my previous post on GU: ref: url As expected, GU broken the bullish ascending triangle pattern & pausing for a possible upmove to continue to meet the target ...

Trade Using VSA (Volume Spread Analysis)

GU post mortem & ++ — Just before i hit the road for my weekend trip, i thought i just post some post mortem on GU & what is to come next... GU is now trap in a Bullish ascending triangle pattern, with the recent upmoved, this pattern will ...

Trade Using VSA (Volume Spread Analysis)

My apologies i forget to mention that at that time of analysis, the bar have 2 over hours before bar ends. In retrospect it may not be appropriate to mention it but i guess i was just trying to highlight the potential of such double IB setup in 4hrs ...

Trade Using VSA (Volume Spread Analysis)

Ah, i know what you mean. But it is correct to my understanding on the subject. You can think of it this way: combine both bar as one, the whole thing will look like proper shake-out bar, i think? Cheers!

Trade Using VSA (Volume Spread Analysis)

Continue from my previous GU post: ref: url GU found strength once it hit fib level of 38.2% follow by a shake-out which indicates sudden interest of professional money. (Do keep in mind that in 15mins time-frame things are very dynamic) image ...

Trade Using VSA (Volume Spread Analysis)

Just simple moving avg of 20 period. (Tradeguider calls it diamonds but essentially they are just SMA) Please use attached if u are interested, i modify it to paint as dot instead. Cheers! file

Trade Using VSA (Volume Spread Analysis)

No at all silly, for my case it depends on available swings which i can measure off it. In this case i m trying to ascertain possible retracement level to either 38.2 or 23.6 % (high percentage replacement target levels). But if i am doing a ...

Trade Using VSA (Volume Spread Analysis)

In most cases if there are signs of weakness before, any upbars with increase vol with relative spread(length of bar is similar for the pass few bars) indicates hidden selling of sorts. Therefore these are possible profession activities selling into ...

Trade Using VSA (Volume Spread Analysis)

GU showing weakness — Possible weakness in GU now Additional indication of weak demand is prefer for as an alternative entry for a sell. image

Trade Using VSA (Volume Spread Analysis)

update on my previous post on USDCAD ref: url Sorry i miss this post on the revise Target on USDCAD just before the news (TP estimate is within ADR) image

Trade Using VSA (Volume Spread Analysis)

Yeah GU was hell this week, good to hear you are doing ok Have a nice weekend. Cheers!

Trade Using VSA (Volume Spread Analysis)

update on my previous post on USDCAD ref: url Possible strengths coming in at critical fibo level. (counting down to news about 45 mins to go.) image

Trade Using VSA (Volume Spread Analysis)

Canadian employment Change — In view of the coming Canadian employment Change DATA. I would like to discuss how VSA charting play out in anticipation of the NEWS. Here is my take for now. (Initial target project is within Avg Daily Range) ...

Trade Using VSA (Volume Spread Analysis)

Yes, I know what you mean. Usually if there are any profit taking u may be able to see some weak supply bars there after. Therefore an expected retracement should not be rule out. e.g. chart back in around 30th March 2010: image

Trade Using VSA (Volume Spread Analysis)

In view of the bullish triangle pattern as i mentioned, my bias is upwards. As for your question on distribution, low volume on upbars general indicates weak demand but that does not mean market is selling in a big way, for that we need to see some ...

Trade Using VSA (Volume Spread Analysis)

GU top reversal — Continue from my previous post: ref: url A top reversal has form & I wont be looking to buy but to sell instead (even it if goes up). I will be using 20 simple moving avg in 5m chart for entry for a sell confirmation & ...

Trade Using VSA (Volume Spread Analysis)