Trading with Volume Spread Analysis (VSA)

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nimish_rulz

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Again today seeing the strength in Euro after being mulled down in Europe and Strength in Gold. Equity looks ripe for an up move. Look at the Gold and Euro run in last 30 mins. Hope it continues. Dow has been on very low volumes this entire week and it has been mildly down to flat over this week which might indicate accumulation at lower levels. Yesterday it opened 160 points lower and kept on absorbing whatever supply was thrown in. It kept on checking for supply on its way up but none came hence recovered smartly. Today will be crucial as a close above 10400 would signal 3 weeks of up move in Dow Jones.

Major resistance at 10460-10470 levels close above gives us a clear bull run in Dow for the test of last 20 months high at 10760. 
 
hi kindman,

here is the chart. On some bars, i have marked "?" - there are ones which i have not been able to make meaning of. On these days, i was basing my opinion upon the cnx 100 stocks. It would not be possible for me to post all the 100 charts, but if you are keen, then look for either of the following:
  1. low volume up bars - no demand
  2. narrow spread up bars, regardless of volume
  3. up bar closing in the middle or lows, regardless of volume.
  4. a down bar immediately after high volume wide spread up bar
  5. upthrust
  6. no response to a successful test of supply.
  7. effort to go down seen as wider spread down bar on higher volume.
  8. persistent high volume without much movement in price.

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chaitanyagoa

Well-Known Member
though it was never intended by me to annoy the stalwarts of VSA; but alas my simple and logical words have hurt the ego of someone over here.

I hope you be kind to look at the following hourly chart of nifty


point no 1 denotes the widely known morning star pattern and VSA is not against patterns. VSA is about understanding the patters along with volumes.

Further, where are the doubts over the triangle breakout of nifty with volumes today. The downside afterwards is simple profit booking or shortbuilding for shorter term. Till the support trend line is violated, wouldn't it be equal to acting stubborn and violent in support of one's personal ego.

Good one Adult bhai,

that is a perfect Ascending triangle..... but i have a query... the big green break out bar , was it on high volume? If there is no Volume supporting it then it might be a false breakout....:)

Also hourly chart cannot be used for the trend analysis..... Do u have any such patterns on daily charts?
 

chaitanyagoa

Well-Known Member
Please create a new thread and post that "threatening" PM in full public. Let EVERYONE see whats threatening about it. And in reply to that thread, I will post your "good mannerly" reply to those PM's.

Instead of yelling about "threatening PMs" lying in your inbox, please post it for public scrutiny for everyone to judge what so "threatening" about it.
Adult and bunny,

Can both u guys please cool down!!!! what are ya guying fighting about???:annoyed:

In the Absence of Savant sir, we are the seniors guys in this thread.. Don't know where Murtaza bhai is? So, instead of throwing **** at each other, let us just give our opinions and back it up!!!

No feud please!!!!!:)
 
Good one Adult bhai,

that is a perfect Ascending triangle..... but i have a query... the big green break out bar , was it on high volume? If there is no Volume supporting it then it might be a false breakout....:)

Also hourly chart cannot be used for the trend analysis..... Do u have any such patterns on daily charts?
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nimish_rulz

Well-Known Member
Adult and bunny,

Can both u guys please cool down!!!! what are ya guying fighting about???:annoyed:

In the Absence of Savant sir, we are the seniors guys in this thread.. Don't know where Murtaza bhai is? So, instead of throwing **** at each other, let us just give our opinions and back it up!!!

No feud please!!!!!:)
How are u doing dude. I never knew you live is US but figured out now from your top right profile in the post. You trade in US markets?
 
The standard of posts being posted in this thread is deteriorating and the posts are getting ugly. Request everyone to be calm and let the discussion be on the subject without any personal attacks/allegations ....

Hope all will cooperate ......

Smart_trade
 
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