TradeVSA Digest Week 4 Dec 18, 2018
Editor Commentary:
KLSE Market Update
Bursa Malaysia KLCI Index
This market is getting more bearish in the longer term. KLCI is in RED HeatZone. This mean it’s trend may still be Down or LIKELY continue to go Lower. Wait for bar confirmation like Sell-Off (SO) for trend continues @ RM 1652.63 or lower, Or Line Change (LC) for trend reversal @ RM 1684.36 or higher for KLCI.
SGX Market Update
Straits Times Index
On 2018-12-17, Sti is trading at 3,114.25 and change %from last bar was 1.20 %, (+37.16, 3,077.09). And also 3-Month low. This market condition is considered to be slight bullish for stock counter Sti.
STI is in GREEN HeatZone. This mean it’s trend may still be UP or LIKELY continue to go Higher. Wait for bar confirmation like Line Change (LC) for trend continues @ 3149.71 or higher, with Immediate Stop Loss (if trend reversal) @ 3,053.99 or lower for STI. This market is moving sideway prior before 2018-12-14. Watch for more sign of strengths bar with increased volume as uptrend confirmation @ 3,149.71 or higher.
DJIA Market Update
Dow Jones Industrial Average (DJIA)
On 2018-12-17, US DJI is trading at 23,593 and change % from last bar was -2.10 %, ( -507.5, 24,100.5). It is 1-Month low. And also 3-Month low. This market condition is considered to be very bearish for stock counter US DJI. This bearish condition is despite, US DJI has strengths in the background in the last 30 bars. There are 7 SOS. US DJI is in RED HeatZone. This mean it’s trend may still be Down or LIKELY continue to go Lower. Wait for bar confirmation like Sell-Off (SO) for trend continues @ 23,881.4 or lower, Or Line Change (LC) for trend reversal @ RM 24828.3 or higher.
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Facebook Live
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Video Tutorial
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Introduction to VSA
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Weekly Market Report – 8 December 2018
View TradeVSA Backtest Result – 18 Line Change BackTest Trades Between 2017-12-05 & 2018-12-05 ,+364 days for Supermax Corporation Bhd, (SUPERMX)
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VSA 101
– Everything You Must Know About VSA
An approach to universal analysis
VSA can be used in all markets and with different timeframes, the trader just needs a volume histogram in his price charts. In some markets like the stock market or the futures market, actual transaction volumes are available, yet in other markets – like forex which isn’t centralised – actual volume numbers are not available. However, this doesn’t mean that a trader can’t analyse foreign exchange market volumes, he must simply analyse the volume observed on each tick.
Forex volume can be represented by the amount of activity observed in each bar or candlestick. One must keep in mind that the big professional traders are heavily involved if there is a lot of activity on a candlestick. Conversely, a low level of activity means that professional traders are abstaining from the movement. Each scenario can have implications on the balance of supply and demand, thereby helping the trader identify a probable direction of the market in the short to medium term.
Join us in this workshop as we’ll share with you how you can trade profitably using intraday charts, how to identify points where supply and demand are out of balance and price is about to move, the common mistakes using intraday chart that may be costing you money and how to avoid them, how to apply a simple rule-based trading strategy to any asset class including stocks and futures. Below are the details & Registration Link:
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Date: 29 December 2018 (Sat)
Time: 2pm – 4pm
Venue: Starbucks, TTDI (Venti Room)
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