Trading with Volume Spread Analysis (VSA)

[bunny]

I accept I was! Background showed strength so the upthursts were signs of sell. This gets confusing day by day right now pure VSA application is made almost impossible by the world markets and everyday a manipulated piece of crap coming in the markets which is trying to only reflect the bad news but no appreciation of the good news.

That happens all the time. The real reason we can do VSA easily on historical charts is because we have no idea of the news of that that.

 

[adultvish]

1. If they already acquired the huge chunk why are they not interested in getting more and that too at lower levels.

Btw using my analysis and Bunnys analysis for VSA we have been expecting an up move since the markets shed the first points from 5220 to 5070 and since then it has been going down.

VSA has been successful for me on intra day analysis but EOD you can't depend on just VSA. Need to use a lot more tools and also how the global markets stand. I have have said millions of times that India is closely correlated to Hong Kong and China, look where Hong Kong was yesterday and today and see where our market landed. I do agree though that we might not see a further down turn if Nifty holds 4830 which is the next low after 4766 since the up move started on the 28th of Jan.

1. simply because they acquired at similar level. Just have a look at Nifty chart; see the range between 27 Jan to 29 Jan and the volumes and the candles/bars. It is crystal clear.

2. I am not aware what you and bunny are analysing or have analysed. I said what I understood and for me all signs are positive for a strong upmove. I may be wrong or I may be correct; it can only be understood after some time; may be one or two weeks.

3. Regarding VSA being successful in intraday and not in EOD; I totally disagree. VSA is not merely a set of rules or principles to be applied blindly; VSA is a concept to understand the logic and relationship between price and volume. It is not necessary to find exact or similar price/volume patterns to conclude, we just need to understand what market is telling us.

4. Regarding your saying about co-relation of Indian with Hong Cong and China; it may/does have some weight. But I prefer to keep focus on what I am seeing in Indian Markets.

 

[adultvish]

just look at the circle marked on the volumes.
See the volumes, volume spread, candle and candle spreads

and, see the volumes afterwards, including volume of today
doesn't it give the picture of what I am saying

 

[bunny]

Plz don't fight guys

 

[adultvish]

That happens all the time. The real reason we can do VSA easily on historical charts is because we have no idea of the news of that that.

I too remained confused for a very long period of time; trying to apply the VSA as per rules and principles. The author or any author is not capable of covering all the possible moves to communicate what he is meant to. The examples are not given to follow step by step rules or principles. The idea is to convey the concept behind price and volume moves in the market. And, thanks to you Sir.
I am hundred % sure of my understanding and will be happy to have some words from you on my previous post containing the chart of nifty.

 

[adultvish]

Plz don't fight guys

I am sorry, If I sounded rude
but it was never my intention nor will ever be

 

[adultvish]

As any market moves up you will have reactions giving you a second chance to enter
the market.

 

[adultvish]

yesterday volumes on nifty were 16.31 Crore
and today volumes are 16.78 crore
almost equal or marginally above
yesterday upmove spread was from 4831 to 4931
and todays downmove spread was from 4931 to 4845
almost equal or marginally above
It just denotes that whatever upmove occured yesterday was absorbed today; or in other words, even after two days of trading i.e. today and yesterday we are still at the same point, where we were on day before yesterday
and where were we on day before yesterday
we were at strong support levels of confirmation of test with low volumes

 

[bunny]

yesterday volumes on nifty were 16.31 Crore
and today volumes are 16.78 crore
almost equal or marginally above
yesterday upmove spread was from 4831 to 4931
and todays downmove spread was from 4931 to 4845
almost equal or marginally above
It just denotes that whatever upmove occured yesterday was absorbed today; or in other words, even after two days of trading i.e. today and yesterday we are still at the same point, where we were on day before yesterday
and where were we on day before yesterday
we were at strong support levels of confirmation of test with low volumes

Today's spread was narrower(98.95) compared to yesterdays(118.15) whereas volume was marginally higher than yesterday. And today was a down day. NIFTY F&O volumes were also marginally lower than yesterday. This means there is strong professional support.

 

[adultvish]

Today's spread was narrower(98.95) compared to yesterdays(118.15) whereas volume was marginally higher than yesterday. And today was a down day. NIFTY F&O volumes were also marginally lower than yesterday. This means there is strong professional support.

Yes
this is what I am trying to submit Sir
and this support can be seen since 29th Jan on the charts
simply because upmove has not started yet, we can not conclude initiation of any down move
thanks a ton
:clap::clap::clap: