dee718

dee718

Doesn't look like there are any news events popping off this next 24 hours. But it can still hit enough buyers to push it up another level. You can see on the daily that things are looking pretty bulllish.

dee718

You can see that VERY low volume area. Usually you will see the price attempt to fill this void before dropping down another level. Its a bit more challenging with BTC to pinpoint the upthrust area however there are a few signs that a large move is imminent. 1- RSI is above the 70-75 level (using the 15 minute) 2- Momentum is already to the downside. You can see...

dee718

Its pretty clear where the accumulation took place (circled). Look at the stopping volume underneath the circled areas. Leaning towards more bullish action but would prefer that it gets some distance from that previous supply area first. Two potential target areas to look for accumulation should it drift down a bit.

dee718

The volume on stocks definitely has a different wave pattern compared to futures and FX. Although different it is very predictable. The trough of the wave is ALWAYS mid session. This is a key piece of TA. It is a hard fact. Here the lowest volume of the day is the area that is not grey. The lowest volume is where the supply or the demand is at its lowest and price...

dee718

Some candle basics that are worth revisiting. It almost seems intuitive. A long wick can very well represent a drastic change of course. Using the 1 and 4 hour is usually the better time frames to use when looking for major changes in direction. If you rely only on wicks on smaller time frames, you can be deceived so its important to start with the bigger time...

dee718

Wasn't enough strength to get through that gap. Thats why you want to wait for price to get to the target area and find the appropriate volume. You can now plainly see where teh price is in relation to previous demand zones and it not usally a good idea to short into one of these. We want to wait to see what happens there. If it comes up and hits sellers after...

dee718

WIll see if it maintains this behavior. Clear confluence at the previous demand zone with non existant supply pressure over the potential test area (Phase B for the beginners still learning Wyckoff terms). As usual actions are taken IF price reaches the target area and criteria is met. Couldn't say it clearer than that. We will see what happens here.

dee718

Range trading can be a bit more risky. Right now it is in a pretty wide price range. Will see IF this initial target holds and if we get the results there that we need.

dee718 Updated 

Follow up from Sundays projection. Its the troughs in the volume that gives it away. Good call.

dee718

The daily shows how it is still pointing down. Price is in a low area where you would expect to see buy orders. This is why you never want to just jump into a position. Price needs to move away from previous supply or demand areas (here being closer to demand areas). In general when price moves against you it is usually because you either bought into a supply...

dee718

The trend is your friend they say. But which one? Looks like there might be some room for it o come down. Not a lot of strength it appears. Will see if we get what we want to see at the common turn around spots (no-demand)).

dee718

Tesla has been in an uptrend. If you zoom out you can see that there was some significat buying just before this big up move. Will see if it can hold somewhere in here. The volume is almost as predictable as the Futures and FX markets except the volume trough is more towards the middle of the session lines versus right above them. Tricky, but if you look closely...

dee718

Look for a "spring" or bear trap below support before it surges through the low pressure area there. If the demand shows up of course.

dee718

The multi screen feature is very helpful. You can see that all of the charts are basically the same thing. Maybe you already understood that early on but it was something that had to be explained to me. There really is no difference between teh time frames. They are all closely related. Different time periods can be used for different things and to ensure that you...

dee718

Looks very light on that volume and is going to surge one way or another. I think the wing is at the back of those to the long side but will have to see if there is any acivity at the usual spots. This is probably not the best spot to dive in but that is always up to the trader and how much risk they can handle. Been in this weird ranging situation so its always...

dee718

Where are the sellers? That pressure is quite low on this weekly chart with what looks like some significant demand strikes as it came down. Were they accumulating? Was the CO buying up the losses that came out of the weak handed holders who were scared out? Did all of teh retail traders listen to all of the doom and gllo news headlines and decide they would...

dee718

Looks like it hit a lot of selling. However the case could also be made that there has been many days where it looked like the CO was loading up and accumulating. But in the interem I think it might come down a leg or so. If not it will go up... no duh right? Sticking to the same old target areas and waiting for the price to walk into the target area wether...

dee718

A bit of an early start today. In these Futures charts there are two critical areas to focus on within the volume indicator. The first in the lowest volume of the day. This is where the session divider intersects with the volume (1) then there is the mid session volume (2). Its consistent and its predictable. In VSA you are looking for the lowest volume because...