VSA Chart Analysis Discussion Thread

[tech/a]

Was a short term trade was / is all over in 25 minutes.
What am I missing Jeff?

 

[mr. jeff]

Was a short term trade was / is all over in 25 minutes.
What am I missing Jeff?

You are missing the fact that I was late to the party by about 3 years and am now trying to catch up and rectify.

Would be interested in seeing where this went and what your analysis of it was prior.
Keep the charts coming, there is a whole lot to learn here.

 

[tech/a]

You are missing the fact that I was late to the party by about 3 years and am now trying to catch up and rectify.

Would be interested in seeing where this went and what your analysis of it was prior.
Keep the charts coming, there is a whole lot to learn here.

While not strictly VSA related there is a fair few interesting charts on the SPI thread.(Day Trading Futures)
Will keep up the VSA stuff.

 

[pavilion103]

No pressure Tech but certainly keen on some more charts! (I know you're a busy man)

 

[mr. jeff]

Can anyone offer some insight into setting up a decent scan using VSA to pick up stocks. I'm using standalone EOD with reuters data.
I can perform a metastock list scan but it comes up with pretty average results and seems to me that I may have either incorrect expectations or I am still severely ignorant in using tradeguider software. Probably both. Anyone with settings, techniques most appreciated.

Cheers!

 

[tech/a]

Can anyone offer some insight into setting up a decent scan using VSA to pick up stocks. I'm using standalone EOD with reuters data.
I can perform a metastock list scan but it comes up with pretty average results and seems to me that I may have either incorrect expectations or I am still severely ignorant in using tradeguider software. Probably both. Anyone with settings, techniques most appreciated.

Cheers!

Ill answer later.
Bit busy

May require a phone call.

 

[mr. jeff]

Watching and waiting... Deep Yellow showing signs of recovery with decreased selling volume and potential change of trend.



Not quite entry time in my mind.

Thoughts ?

 

[tech/a]

Watching and waiting... Deep Yellow showing signs of recovery with decreased selling volume and potential change of trend.

View attachment 45992

Not quite entry time in my mind.

Thoughts ?

Jeff DYL

For me a buy anywhere near this low which has been tested multiple times would be a low risk trade.
See from these lows a 50% move is quite likely without altering the long term view of DYL.
But a fall below support would be significant.


Can you tell me what your trying to search for?
VSA is a road map rather than a specific signal--mind you there are some singular signals which you could look at trading as a stand alone.

Even if you post a chart or so with the setup your interested in.

 

[mr. jeff]

I have spent more time mucking around with it after your question asking what am I looking for made me realize that all I was scanning for was "strength". That could be about 1000 manifestations.

Pretty average theory really !

I am wanting to scan for bullish breaks of bearish patterns or low volume pullbacks in bullish moves to get into established strength. Will follow with charts when I have a decent example!

Don't know if the VSA scanner is able to look for particular patterns or if it just looks for signs of strength in the last x number of bars... ?

 

[rnr]

Can anyone offer some insight into setting up a decent scan using VSA to pick up stocks. I'm using standalone EOD with reuters data.
I can perform a metastock list scan but it comes up with pretty average results and seems to me that I may have either incorrect expectations or I am still severely ignorant in using tradeguider software. Probably both. Anyone with settings, techniques most appreciated.

Cheers!

Hi mr. jeff,

This could give you a list of stocks to monitor in your favourites.

C1:=L<Ref(LLV(L,25),-1);
C2:=C>=L+(0.25*(H-L));
C3:=Sum(V>=Mov(V,14,S)*1.15,5)>1;
C4:=Sum((H-L)>=Mov(H-L,14,S)*1.15,5)>0;
C1*C2*C3*C4

It will also give some signals on the way down but that seems to be par for the course.

Attach it as an indicator to see if it meets your needs.

rnr

 

[rnr]

Just a couple of adjustments to the previous code posted.

C1:=L<Ref(LLV(L,25),-1);
C2:=C>=L+(0.10*(H-L));
C3:=Sum(V>=Mov(V,14,S)*1.15,5)>1;
C4:=Sum((H-L)>=Mov(H-L,14,S)*1.15,5)>0;
C5:=RSI(C,9)<30;
C1*C2*C3*C4*C5

 

[mr. jeff]

this is the sort of thing I am looking for. I managed to get TradeGuider EOD to pick up returning signs of strength which is handy using an indicator search, so will see how they finds pan out.



cheers, JEff.

 

[Sutekh]

Here goes,



There are two obvious volume spikes, the first on the 19/12/11 and the second on the 06/03/12.

I know I am a real novice to VSA, but the first spike in volume seems like an accumulation. There was a huge volume but prices were kept tight.

The second volume spike is seen with a large gap up, a very large price spread for the day and finally closing close to the day's low. Again, just my beginner's comments, but is this an up-thrust? I notice that this move also happened after some big (good) news.

The following day also, has larger than normal volume, another large spread and closes in the middle. So two huge volume days (effort) for next to no result. The final two bars have lower volume and fairly flat price spreads.

To me it seems that the large amount of buying/demand on the first spike has been sold at the later high volume bars. Do you think this is a strong sign of weakness? Or does the second-to-last bar; a down day on lower volume, indicate a successful test?

Any comments? Thanks!

 

[mr. jeff]

Fair enough, but then who is absorbing all that selling volume ? And notice that all selling is being taken up in the same range of price. So whoever sells is selling into support at this level.

 

[tech/a]

Here goes,

View attachment 46397

There are two obvious volume spikes, the first on the 19/12/11 and the second on the 06/03/12.

I know I am a real novice to VSA, but the first spike in volume seems like an accumulation. There was a huge volume but prices were kept tight.

The second volume spike is seen with a large gap up, a very large price spread for the day and finally closing close to the day's low. Again, just my beginner's comments, but is this an up-thrust? I notice that this move also happened after some big (good) news.

The following day also, has larger than normal volume, another large spread and closes in the middle. So two huge volume days (effort) for next to no result. The final two bars have lower volume and fairly flat price spreads.

To me it seems that the large amount of buying/demand on the first spike has been sold at the later high volume bars. Do you think this is a strong sign of weakness? Or does the second-to-last bar; a down day on lower volume, indicate a successful test?

Any comments? Thanks!

The first is exhaustion of supply.
The second is an exhaustion of demand

 

[Sutekh]

Fair enough, but then who is absorbing all that selling volume ? And notice that all selling is being taken up in the same range of price. So whoever sells is selling into support at this level.

I guess those who were responsible for the earlier buying volume? The volume over the later large range days is approximately the same amount. With all the good news coming out at the time, would that have supported the price to allow the selling to take place?

 

[tech/a]

The first is exhaustion of supply.
The second is an exhaustion of demand

Is the condensed version.

BRU chart tells a tremendous story.
I have highlighted "some" of the story and its participants.

I'm happy to run a commentary but thought some may wish to have a go before I do.

Remember a chart cannot/will not advance unless
Supply is withdrawn
Or
Supply is overcome by demand.
What we look for is EFFORT what is it (participants) trying to do?
Is it (Participants) succeeding?

CLICK TO EXPAND.

 

[Sutekh]

Remember a chart cannot/will not advance unless
Supply is withdrawn
Or
Supply is overcome by demand.
What we look for is EFFORT what is it (participants) trying to do?
Is it (Participants) succeeding?

I'm too new to this to make much of the points you've marked tech, only to note that two of the points coincided with the sale of BRU shares by AWE (some 24 mil on the 29/07/11) and new shares (~3.7 mil) from a SPP on the 05/10/11.

The following huge volume on the 18/10 and 19/10/11 didn't really seem to have an immediate result, but the stock did rise about 40% on moderate volume until Dec. Then there was huge volume on a narrow spread down - demand overcoming supply?

 

[tech/a]

I'm too new to this to make much of the points you've marked tech, only to note that two of the points coincided with the sale of BRU shares by AWE (some 24 mil on the 29/07/11) and new shares (~3.7 mil) from a SPP on the 05/10/11.

The following huge volume on the 18/10 and 19/10/11 didn't really seem to have an immediate result, but the stock did rise about 40% on moderate volume until Dec. Then there was huge volume on a narrow spread down - demand overcoming supply?

At least youve had a shot.
Anyone else care to comment.?

 

[notting]

I wish I had been participating but it seems a bit beyond my limited abilities.
I don't understand all the little circles leading up to the breakout.
All I get is that's it's broken out and is consolidating with shrinking volume which would probably indicate it's coiling for another leap up.

Although I'm a bit nervous about the sector as it appears to be all looking a bit exhausted after it's great run.