matty, I bet you drove your mum up the wall :))
"..In a long vsa setup, the rule seems to be to wait for the close of the bar following the no supply bar before entering the trade. So how come in the short setup you don't wait for the close of the bar following the no demand before entering? Is this just because the SP drops like a stone after no demand? .."
hi bot, thanks for spotting the thread, thought I'd be talking to myself over here all day :))
to answer your query it's really up to the individual how they enter a trade, some may wait for confirmation of the bar AFTER the potential 'no demand or test' bars, this just lessens the risk a tad
some may let the price movement take them into the trade by placing their order under or over the 'yet to be confirmed' no demand or test
also like to add just remember what trend were in at the time especially it your going counter
........
still 2hours for our LYC chart to close, still narrow and it appears we'll again finish with lowish volume
and atm the banks are performing stronger on the intraday compared to BHP which is still trapped within it's range, whilst LYC is attempting to break it's highs
APPEARS to have been quite a few good examples of absorption volume happening today on most of the stocks I've been watching with their intra activity, nice
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- over here ladies :))
over here ladies :)), page-4
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Last
$7.85 |
Change
-0.090(1.13%) |
Mkt cap ! $7.337B |
Open | High | Low | Value | Volume |
$7.78 | $7.85 | $7.70 | $22.48M | 2.878M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2285 | $7.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.85 | 6431 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2285 | 7.830 |
1 | 8412 | 7.810 |
2 | 4697 | 7.800 |
1 | 22173 | 7.780 |
3 | 20906 | 7.770 |
Price($) | Vol. | No. |
---|---|---|
7.850 | 6431 | 1 |
7.860 | 12680 | 3 |
7.870 | 9773 | 1 |
7.880 | 4000 | 1 |
7.900 | 15611 | 2 |
Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
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LYC (ASX) Chart |