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This is MTN.
The analysis is VSA Volume spread Analysis similar to that which Motorway has spend copious hrs explaining (In a Charting package.).

If trading in a discretionary manner and looking for an entry its my belief that you need a number of confirming indicators before you take a trade.
For short term trading VSA is very powerful.

In this chart we have a number of confirming indicators.
The identification by the software of climatic selling action.The GREEN rectangle.Followed by a 2 bar pattern,Selling and climatic action (The commentary of which isnt shown here.). The Diamonds have turned Green indicating a change to bullish.(You'll also see Red and White Diamonds).

The Buy signal is a break out of the Trend Channel.(Top blue line).
My stop is $5.04 My Price target is around $6.74 Approx 4:1 R/R.
However I will use the VSA analysis to exit.
Thought as MTN is being discussed and from my view looked like a reasonable trade.

Software is TradeGuider.

<blockquote data-quote="tech/a" data-source="post: 164223" data-attributes="member: 257">This is MTN.The analysis is VSA Volume spread Analysis similar to that which Motorway has spend copious hrs explaining (In a Charting package.).If trading in a discretionary manner and looking for an entry its my belief that you need a number of confirming indicators before you take a trade.For short term trading VSA is very powerful.In this chart we have a number of confirming indicators.The identification by the software of climatic selling action.The GREEN rectangle.Followed by a 2 bar pattern,Selling and climatic action (The commentary of which isnt shown here.). The&nbsp; Diamonds have turned Green indicating a change to bullish.(You&#039;ll also see Red and White Diamonds).The Buy signal is a break out of the Trend Channel.(Top blue line).My stop is $5.04 My Price target is around $6.74 Approx 4:1 R/R.However I will use the VSA analysis to exit.Thought as MTN is being discussed and from my view looked like a reasonable trade.Software is TradeGuider.</blockquote>

[QUOTE="tech/a, post: 164223, member: 257"] This is MTN. The analysis is VSA Volume spread Analysis similar to that which Motorway has spend copious hrs explaining (In a Charting package.). If trading in a discretionary manner and looking for an entry its my belief that you need a number of confirming indicators before you take a trade. For short term trading VSA is very powerful. In this chart we have a number of confirming indicators. The identification by the software of climatic selling action.The GREEN rectangle.Followed by a 2 bar pattern,Selling and climatic action (The commentary of which isnt shown here.). The Diamonds have turned Green indicating a change to bullish.(You'll also see Red and White Diamonds). The Buy signal is a break out of the Trend Channel.(Top blue line). My stop is $5.04 My Price target is around $6.74 Approx 4:1 R/R. However I will use the VSA analysis to exit. Thought as MTN is being discussed and from my view looked like a reasonable trade. Software is TradeGuider. [/QUOTE]

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