Another question for you! early stages of a reversal often shows contrary volume. In this case as the bulls push EU up, the volume is decreasing on the 5M since the reversal bar. We're still below the preliminary demand line so still no trading as ...

vsa with Malcolm

Sweet! will check it out. Got a PM about the same indy from someone else as well so thanks for that.

vsa with Malcolm

Dr. G, low vol test of the shakeout bar on the M15. Passed if this current M15 bar closes up. And in between the shakeout bar is a NS bar. Shakeout, no supply, and test of supply (if closes up). We could get a bounce up from this. With the momentum ...

vsa with Malcolm

ok Dr. G, I see you answered my questions in your own post! Thx.

vsa with Malcolm

Dr. G, how would you interpret the 3 downbars circled? The first is a NS, or at least no selling pressure, yet the next bar doesn't close up. The 2nd bar show indescision, and the 3rd bar is a compressed bar on higher volume that doesn't break the ...

vsa with Malcolm

balance point — let's see how the rest of the day shapes up, but yesterday's and today's POC are still up there at 1.3800 and today's is currently slightly higher than yesterday's. More reason to believe this is a shakeout similar to last ...

Auction Market Theory and Market Profile

not if but when — EU 2H chart looks quite interesting. Today looks like a repeat of Friday. The UHV downbar has the same volume as Friday's downbar. Plus increasing volume on the upmove at the top and decreasing volume as it started to come ...

vsa with Malcolm

here's the chart. volume on eSignal for marked bar is higher than previous 2 bars.

vsa with Malcolm

M5 "EOFM" - end of falling market? tight range down bar with volume spike. still excercising patience...

vsa with Malcolm

yep, waiting for at least the down trend to stop on the M5 though...

Auction Market Theory and Market Profile

we are at last week's POC. If this area holds we should see a good move up from here.

Auction Market Theory and Market Profile

hmmm, looks like they're targeting the 1.37 options expiry....looks like some possible buying coming here...Dr. G what time do those options expire? 10AM Eastern?

vsa with Malcolm

no supply on the H1 right at the shakeout close near 1.3800. Not sure though how reliable that NS is given its right ay NY session close.

vsa with Malcolm

yeah, unfortunately it only prints the POC. but if you set showProfile to true it shows the complete profile and you can easily estimate the value area. I've been trying to figure out how to modify the indy to show a VAH and VAL line like HG has on ...

Auction Market Theory and Market Profile

Today's profile is a double distribution, essentially 2 POC's, one around 1.3840 and the other "official" POC at 1.3803. On the hourly it looks like the dip got bought, and we just closed a NS H1 bar right at the close of the hourly shakeout. I'm ...

Auction Market Theory and Market Profile

HG, what does TUM stand for?

vsa with Malcolm

and the last complete 30M bar looks like stopping vol as well.

vsa with Malcolm

makings of a reversal — pres78's post on his use of M1 charts was quite interesting, so i decided to try and paper trade while using the M1. Quite interesting indeed as i discovered the makings of a top reversal... Weakness was starting to ...

vsa with Malcolm

That's no good! How else are they going to suck in the herd?

vsa with Malcolm

Yep, after getting stopped out twice before (+16 on the day) the up move, i decided to wait for the same test as you but it never came... I would like to see a test of 3740 area, hoping it goes there tomorrow but there doesn't seem to be any sellers ...

vsa with Malcolm