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- rCrumb replied Aug 27, 2012
You realize that at 2:1 with a 33% accuracy you break even before brokerage? This is not a great recipe. When you consider human error, slippage and brokerage not to mention long losing streaks this is a very hard way to make meaningful money and ...
- rCrumb replied Aug 27, 2012
redlion, I respect your opinion but have to disagree. I only take trades with a r/r ratio of 3 to 1. I've gotten as much as 10 to 1 and I've been profit stopped out many times at around 2 to 1. My average r/r ration is 3.27 to 1 over several ...
- rCrumb replied Aug 27, 2012
Professional traders don't take trades at less than 3 to 1. Do some simulations with different winning percentages and different r/r ratios. Unless you are over 70% accurate (which few are in the long term) 3 to 1 is a must if you want any kind of ...
- rCrumb replied Aug 26, 2012
If you trade at the edges of a market your risk will be small while your reward will be great. Trading in the middle is what kills most traders.
- rCrumb replied Aug 23, 2012
In my opinion - the fork you drew for your CAD trade was meaningless. Sometimes you need a bigger view. Notice on my hourly CAD there are many bounces between the ML and the lower quartile. Unless you were trading that small range (only to the short ...
- rCrumb replied Jun 26, 2012
I am a big fan of the Wyckoff method and have studied it extensively. It would be nice if you could explain why you are taking an entry, where your profit target is, where your stop is etc. Buying or selling a market and then holding it isn't the ...
- rCrumb replied Feb 26, 2012
BF, I'm not trying to bash you at all. I do think that changing the A pivot to show a touch on the move down takes away some valuable information - namely that a miss of the LMLH indicates possible strength and a move upward. Here is a fork on the ...
- rCrumb replied Feb 26, 2012
I'm not opposed to using well-tested variants off of the standard P0 placement but the chart I was referring to by BayFisherman - he didn't choose a pivot at all. This is curve fitting. If we stick to the "rules" and choose one of the numerous pivot ...
- rCrumb replied Feb 22, 2012
Mavricos, I want to stress that everyone's eye is different. If you can find good trades off your chart then go with it. Here is my version of the 240 EUR/USD. I don't usually chart this time frame so there may be nicer charts out there as well.
- rCrumb replied Feb 21, 2012
see above^^^
- rCrumb replied Feb 21, 2012
BF, IMO on the Euro chart it is better to not adjust the A pivot. The amount of miss on the bottom can be added as overshoot on the top using sliding parallels. Be careful when curve fitting forks.
- rCrumb replied Feb 19, 2012
Its not just lower volume than the previous two - its also a narrow range and the area where it occurs along with what is happening in the background. If you are visiting a VSA just to say it doesn't work while there are plenty of highly successful ...
- rCrumb replied Feb 19, 2012
I don't think this is true. I believe it could be on either an up or down bar as long as it dips into the stopping volume area and closes on its highs but I would appreciate some input from the VSA pros.
- rCrumb replied Feb 17, 2012
Please look at my diagram. I understand testing in a supply area - I just don't understand it in a demand area. Smart money is never selling here so volume should always be low unless they are buying more which wouldn't be low volume. Sorry if I'm ...
- rCrumb replied Feb 17, 2012
I appreciate you taking the time to respond but I still don't understand the logic. If I am a smart money operator and there is a successful test at our stopping volume level I agree that this indicates lack of supply at this area. But only the herd ...
- rCrumb replied Feb 17, 2012
Guys, I've been studying my VSA signals and I keep coming back to testing. I just don't understand testing. Lets say we have a down move that ends with stopping volume and moves into a sideways range. Now price moves back down into the area of the ...
- rCrumb replied Feb 13, 2012
I clicked your link and it works fine for me.
- rCrumb replied Feb 2, 2012
I'm sure this isn't the proper thread for an unbiased answer but is there anywhere that objectively compares the pros and cons of the tradeguider plugin for MT4 with Smart VSA? Cheers
- rCrumb replied Jan 21, 2012
3 drives to the top/bottom means we should be looking for a breakout of the range soon.
- rCrumb replied Jan 16, 2012
Bayfisherman, Have you considered ensign as a charting platform? Drawing is a dream and at $50 a month with spot forex data included its a good deal too. The only problem I have with 1.0377 on AUD/USD is everybody has that line on their charts.