Trading with Volume Spread Analysis (VSA)
- Thread starter bunny
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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.
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:
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:
- low volume up bars - no demand
- narrow spread up bars, regardless of volume
- up bar closing in the middle or lows, regardless of volume.
- a down bar immediately after high volume wide spread up bar
- upthrust
- no response to a successful test of supply.
- effort to go down seen as wider spread down bar on higher volume.
- persistent high volume without much movement in price.
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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.
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?
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!!!!!
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?
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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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!!!!!
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!!!!!
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