VSA Stratergy Basic Concepts I use a 20-period simple moving average
as our trend indicator. My aim is to use the concepts of “No
Demand” and “No Selling Pressure” to find trend retracement
trades on GBP JPY with an SL of 40 pips and TP of 25 pips in a 10
Minutes Chart. [1. No Demand on Up Bar: If the market rises with
contracting spread and volume, the market is not showing demand.
Without demand, it is not likely to continue rising.(To find “No
Demand” bars: 1. Price closed higher than the previous bar. 2.
Volume is lower than past two bars. 3.Spreads (Range) are narrow.)]
[2. No Selling Pressure on Down Bar: If the market falls with
decreasing spread and volume, the market is not interested in selling.
Thus, it is not likely that the market will continue to fall. (To find
“No Selling Pressure” bars: 1. Price closed lower than the
previous bar. 2. Volume is lower than past two bars. 3. Spreads
(Range) are narrow.)] Best of Luck KingCobra