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- Anotan replied May 24, 2024
I'm not sure how I'll ever financially recover from this loss on Thursday. image Oh never mind, its fine. The May 22nd bar that I fibbed, the volume wasn't very high, but hopefully you can see how it allowed price to rally on the next ...
- Anotan replied May 21, 2024
I could call this a low hanging fruit trade, but it was more like just bending down to pick it up. VZA trades, the biggest thing is to check daily chart and make sure the trade isn't fighting the daily trend. The last few days haven't been making ...
- Anotan replied May 21, 2024
I don't watch for LoT/SoT.. Keep it simple, after a SoS (Initial SoS into fresh new ground) looking for 2 consecutive up bars with the 2nd bar making a HH/HL. After that trend change, is price responding positively to strength or did price ...
- Anotan replied May 21, 2024
The best advice I can give you is don't fall down the rabbit hole of filters and trying to turn trading into a mechanical formula. Keep it as basic as possible.. I.E. SoS/SoW --> trend change --> price reaction to SoS/SoW. Market conditions and ...
- Anotan replied May 20, 2024
I know that Tom/Gavin always said they prefer narrow spread on high volume. Forex seems to respond better to big spreads, maybe it has something to do with tick volume? Tom didn't really trade Forex and I'm not sure if Gavin trades Forex or Futures ...
- Anotan replied May 15, 2024
I'm not an economist, so I'll have to take you at your word on the points you've made. The only thing I can really say is that Tuesday price tried and failed to break above the intervention levels. I wouldn't be looking for strength on xxx/jpy.
- Anotan replied May 15, 2024
BOJ intervened 2 weeks ago because xxx/jpy was too high in price, and you're asking if price will go up? Why are you interested in the opposite direction of a government intervention?
- Anotan replied May 15, 2024
Piece of friendly advice, figure out what kind of trader you want to be before you place any more trades. If you don't want to trade with a stop loss then have a plan on how you deal with trades that could potentially go 100s of pips against you. Or ...
- Anotan replied May 15, 2024
Careful though, xxx/Usd was bought heavily yesterday and I doubt it was just to move price up for a day.
- Anotan replied May 9, 2024
EU turned out to be messy I guess because of the GBP Interest rates.. But easy trade on AU, same concept low volume as price tried to fall on the Daily chart and during Asia on H1 price rejected the lows as it tried to fall below yesterdays highest ...
- Anotan replied May 8, 2024
Daily volume on EU seems a little weird, but there is a lack of demand as price fell. As long as tomorrow stays above the daily open, we have a bullish background.
- Anotan replied May 8, 2024
H1 during Asia big increase in volume on a down bar and looking at daily chart the last 3 days have been trending with HHs/HLs. Not a text book perfect trade, but a good example of having multiple tools in your toolbox. Yesterday used a lot of VZA ...
- Anotan replied May 7, 2024
Heya Macallik, You're right about 10-20% of setups are VSA textbook perfect, this is probably why a lot of people have a hard time explaining setups. In a past life I worked in telcomm, working on telephone switches and how things are suppose to ...
- Anotan replied May 7, 2024
As Tom liked to say, "If you're writing a book, this is the trade you would show". Unfortunately I missed this trade because I was out to breakfast. Today's Asia session there was the AUD rate announcement and a bit of movement from that, because of ...
- Anotan replied May 6, 2024
USDJPY long. Probably should've held the trade, but 40 pips in about 2 hours isn't a bad days work.
- Anotan replied May 6, 2024
Have to admit though, other than last week, it's been pretty hard lose money going long on xxx/jpy.
- Anotan replied Apr 30, 2024
Just for the sake of discussion, I'm not sure it's that simple to say forex is the biggest market in the world. Sector rotation is a stock market concept, but I think it applies to whole markets as well. Money moves from one market to another. 2019 ...
- Anotan replied Apr 27, 2024
UCAD on Monday might be interesting.. Highest volume bar on the lows and price broke above the high late Friday. Sunday could be a long setup if price comes down to test the mid point on narrow spreads and volume. The only thing is that there was ...
- Anotan replied Apr 26, 2024
If 80% of breakouts fail what about the other 20%? Do they break out with big volatility and unlikely to return to the entry? If so, I'll take those. But maybe you mean trend traders and not breakout traders. And based on the comments on the JPY ...
- Anotan replied Apr 26, 2024
Went to sleep during LO and my AJ long was stopped out. Picked up EJ in US though, was going to hold it over the weekend but closed it after I saw it was up 90+ pips. Just before the US session there was a mini shake out into the high ...