Live FCPO Trade - 9 Nov'20- Market opened gap down and close on upbar with VSI.
- Noticed that in the morning session, price is hovering just below the upper Downtrend line before closing.
- Price did try to go up before move up but end up closing on the low with low volume; subsequent bars hold above the low of the opening bar (Evening session).
- Price broke this line with high volume; subsequent bars it tried to climb back up but closing with a topping tail formation. At this bar, I set my EP at 1 bar below the low of the opening bar (3180) and another EP at 1 point below the low of the SO bar (3174).
- Subsequently, both EP triggered and hit TP at 3166. Noticed that price at this bar touching the lower Downtrend line.
VSA
<TradeVSA> KLSE Counters - Budget 2021PPE
1. Komark
2. Notion
3. Prolexus
4. Caely
5. Nova Wellness Group
COVID Test Kits
1. Hong Seng
2. ACO
3. Nexgram
Infrastructure
1. MMC corp
2. Gamuda
3. George Keng
4. Gabungan AQRS
5. Pansar
6. Bina Puri
Telco
1. Telekom
2. Maxis
3. Digi
4. Axiata
Property Development
1. Eco world
2. SP Setia
3. Sime Darby
4. IOI Properties
5. Mahsing
6. Titijaya
National Sovereignty
1. Destini
2. Boustead Heavy Industries Corp
Technology
1. INARI
2. Vitrox
3. UMC
4. All of whom located in batu kawan industrial park
Buses
1. KTB
2. GETS
cigarettes
1. BAT
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Axiata Back Testing - Sequence of Volume Spread AnalysisVSA Technique - analyze the price actions in comparison with the volume and spread change.
Climatic Candle, C1
- Range spread > 50%
- Volume > SMA (14)
- Better not in the 1st bar of the new trend.
Exhaustion Candle, C2
- Appeared after C1, same trend
- Range Spread < 50%
- Volume > SMA (14)
Lack of Support, C3
- Appeared after C2, same trend
- No requirement for the range spread
- Volume < SMA (14)
- Seller exhausted since they can't sell more. Standby for the reversal.
Reversal Candle, C4
- Appeared after C3, opposite trend
- No requirement for the range spread
- Volume > SMA (14), not a must but good to have
- Body of C4 candle shall cover the body of C3 candle
Always check multiple TF before analyzing the VSA to determine support and resistance levels. VSA can be used on any TF and compare the volume bar with the preceding 2-4 volume bars to determine the smart money movement. May add another indicators such as MACD (to confirm on the BO) and Moving Average (to ride the trends)
Keep practicing VSA, insyaAllah the trading success % will increase over time.
Ride the trend and enjoy!!
NETFLIX - Distribution nears completion?1. A buying climax with spike of supply stopped the up move in Jul 2020.
2. Gap down with huge supply reacting the earning created a supply zone.
3. Decreasing of supply together with the volatility till Aug 2020 cause a rally to test the resistance created by the buying climax.
4. Big bullish bar with spike of volume (with increasing supply) failed to touch the high at 574, suggested selling into strength. Subsequent down swing tested the support with increasing supply.
5. The next rally up only created an up thrust (false breakout) of the previous swing high at 557.
6. Gap down with huge supply.
7. Another attempt to rally with increasing volume but failed right at the next bar could suggest last point of supply before marking down.
Notice the supply zone at 2, 4, 6 & 7 posted strong resistance. To violate the bearish scenario, NFLX needs to commit above 525. A break below support at 466 would see NFLX finding support at 410-420.
<TradeVSA> Beginning of Pullback or Downtrend ??- Supported nice above 20 / 40MA
- Lots of Sign of Strength near support etc No Supply and Spring
- Recently prices drop but with low volume
- Red Pentagon started to appear in the chart
Red Pentagon mean the trend is weakening. Continue to monitor for the right signal to ensure the charts are forming pullback setup:
1. Downbar low volume
2. Sign of strength near support
- Spring Signal
- No Supply Signal
- Cluster of Closes
Avoid the trades if no clear confirmation on Sign of Strength as prices may continue to pullback.
What is Spring and No Supply?
1. Spring is a false breakdown and Smart Money tend to remove weakhand holders
2. No Supply is the situation of a deficit of buyers in the market
Can pair the signal with green pentagon to ensure Pullback Complete setup
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Sedania - Solid Accumulation with a Shakeout ?1. Accumulation stage
- Change of trend started with volume
- Long period of accumulation (6 months)
2. Heavy Selling at Resistance
- High volume bars with Up-Thrust
3. Removal of Weakhand-Holders
- A shakeout below support level with Spring bars
Successful tested support after the shakeout.
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Short-Term Profit Taking and Sell Off in BTCIf 12920 holds expect an immediate upward movement and climactic down bar
If it is broken the next major support area is 12780, if the market finds support here it will likely re-accumulate afterwards in range trading for the short-term
However, if 12780 breaks we could be looking at a sustained down move
<TradeVSA> Homeriz - Pullback Completed with Spring1. Mark-up stage
2. Re-accumulation
- High volume Up-thrust change the trend
- Low volume re-accumulation above 20 / 40MA
3. Pocket Pivot with No Supply Signal
- Testing the resistance
- Pullback with Spring
Rating & Review by Smart Robie
FA Rating: 3/8
1. PE = 12
2. ROE = 12.4%
3. DIY = 1.2%
4. Stock Bullish Rating = 90%
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Asian Paints - Bullish Structure - VSA AnalysisVSA Study for NSE:ASIANPAINT
Stock has got good consolidation after the previous Volume based Breakout with WRC.
Today it has given the breakout again from current consolidation area.
Horizontal consolidation are consider to be good setup, for the reasons please explore some good books on price action.
If this breakout survive then it can give a good momentum setup.
After trading the breakout setup, one should avoid chasing the stocks. Instead let it to be cool-off and complete its pullback structure then accumulate more.
My Setup for Tomorrow Entry: 2132 above if sustain then I will take entry .
Live FCPO Trade - 26 Oct'20- Market opened on widespread downbar on VSI with no gaps before continue its Sideway move.
- After 3:00pm, we see some activity with price breakthrough the Resistance (which was the old Support @ 2995) on VSI and also on Green Pentagon. We expect price to do a Pullback before moving up further.
- I placed my EP at 2995 and was triggered within less than 1 minute.
- After that, I set my TP @ 12pts and SL @ 6pts. As a precautionary measure, I also draw a line @ 3003 as a safety line for me to take profit should the price failed to move higher than that.
- Price shoot up the next bar and eventually hit my TP of 12pts.
<TradeVSA> Shakeout Completed in Spring ArtStrength Signal in the Chart:
1. Mark-up stage with Pullback
- High volume upbar
- No confirmation on UT bar
2. No Supply (NS) signal at Support
- Less seller / Successful removal of seller
3. Re-accumulation with Shakeout
- Shakeout support successfully tested
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Recent Accumulation and Breakout Similar to March - BTCThe climactic down bar and subsequent wedge created during the accumulation phase in March is almost identical to the one which formed in the past month
It is likely that we'll see the same range market and re-accumulation now after the breakout
Don't be tempted to short even though there will be shorting opportunities they will be short-lived, this is the time to long dips in the coming range
Jubilant Food - VSA Study - Bullish Structure is intactOn VSA study, NSE:JUBLFOOD bullish structure is intact.
VSA Study Points
Ultra High Volume Expansion marked as WRC "A" on chart, has got several follow-ups in the direction that shows stock's bullish structure is intact.
After landing into current horizontal consolidation area, stock seems doing some sort of consolidation on low volume.
[*} Keep close eyes on it. I think its time to come out from consolidation is near.
For instance and Day Traders
Entry: 2304 above if sustains tomorrow then Buy
Note:
Levels shared here are NOT FOR TRADE but for EDUCATIONAL & INFORMATIONAL purposes only.
I am NOT A SEBI REGISTERED Advisor.
<TradeVSA> Kossan - Cluster of Closes in Mark-Up StageDaily Chart
1. Green Pentagon with Change of trend
- cross above 20 / 40 MA
2. Cluster of Closes with NS signal
Hourly Chart
3. Pullback with Spring and NS
Take note on Kossan-C13
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
FCPO Trade - 20 Oct'20 (Morning Session)- Price on slow and steady Uptrend; saw some Resistance at 2808 and price bar is small with average to low vol.
- Set Buy Stop at 2809; Entry Point triggered.
- Set Stop Loss (8pts) and Target Profit (12pts) and monitor trade.
- From Entry Point to the 5th bar, price slowly moving up but the vol. is getting lower and lower; decided to exit trade on the 6th bar with 4pts profit.
<TradeVSA> Careplus - Pullback Completed in Hourly ChartDaily Chart
1. Potential change of trend with Green Pentagon
2. NS signal above 20 / 40 MA. Support is Solid
Hourly Chart
3. Pullback with Spring
4. Green pentagon completed the pullback. Strong closing with good volume
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> No Supply (NS) Appeared in Accumulation...What's Next1. Accumulation stage
- A shakeout with low volume during the accumulation
2. Buyer overall in control
3. NS bars near Support
- Price started to trade above 20 / 40 MA
- Trading in green pentagon
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
FCPO Trade - 19 Oct'20- There was a nice setup where we can see few downbars with increasing vol. We have SO bar on VSI vol. at 14:51. The next bar is a small body with low vol.
- Set a Buy Stop (middle of the trading range) and Sell Stop (just below the Support).
- Price hit Buy Stop. Follow the trade with Target Profit set.
- I did not use Stop Loss in place; instead I use my Sell Stop so that if the price decided to go the other way, it will close 1 Long contract and activate 1 Short contract (this is for advance method; for newbies, stick to Stop Loss).
Note: On the Stop Loss, why I wanted to put "-1" (before the my Target Profit got hit) was because that is the breakeven point should the market decided to go against my favor. As the market goes higher, I can raise my SL as well i.e. "-3" or "-5" and so on.