[zoli]

Originally Posted by tfflyer

Hi HiddenGap,
i will post how i think in such situations.
I am just learning and perhaps what i will post here - is wrong
And ! also, i cant say that i would take it on Live or perhaps, i would think totally different when i would see such thing on live...

But nevertheless - this is how i am looking in such situations taking in action 2 bar close after seeing weak/strong bar..

Here is picture attached.

Best,
Tom

HG,

I would join to Tom with this. I noted a ND and another bar, EORM, on the 5m in the rectangle of yours. Where the small 5m candle with increased V s a bit strog to call it End of the Rising Marker (EORM) it has its indication of the action nevertheless IMHO.

What is better to me is the action in the background, also see Mals charts for that, and on the 15m that zone got hit twice and UT and ND are present over there on 15m.

Because of the 15m indications I recognised the bars on the 5m TF and found my way in on a NR bar after the first mark down bar on 5m.

A nice move this was.

[zoli]

Guys,

if you liked the EU move what do you thing of this one? I got this one for 111 pips, a rare clear move with no drawdone. While this sounds cool I do this not often at this stage. Nevertheless, 4-5 months ago I thought it is impossible to catch a move of 100 pips on purpose.

This is a message for those who are at the stage where I used to be - complete begginer.
First of all I am only slightly better since this is a long process and takes years to get good at and get onsistantly profitable so if you read guys making hundreds of pips do not get anxious as I got before.

Mal said once that 20-30 pips a day more than enough as a newby. I agree.

With the above example the set up is the interresting. If one recognises this it comes out right away that the risk is minimum comare to the move. My SL was above Tokyo Open price and target arond previous day low. That is some 30 to 100ish. It is nice to go with high risk to reward because you will get the entry wrong. And often. I do so somewhere in the next 3-5 trades I will lose for sure. You need hundreds of screen hours to be right very often. And super disciplince. But if the winners are bigger than the loosers it is profittable on the long run. This is what experienced people talk about and that is my problem with scalping quickly. To achieve this RR for a 10 pips scalp should I have a SL of 4? That is the bid-ask spred at some brokers.
Even 10 pip SL on a pair like GU or the beast is super risky for people trading less that 3-4 years.

I read about a trading method which is a hyper scalp for 3 pips a day. I think it is complete rubbish. So go for 5 days get 15 pips and than lose only once and wipe out the whole or what? Fapturbo he?

Having noted all these things, what would any good scalper suggest to these problems - other thatn practise endlessly?

Maybe selective trading. Maybe experience, practise ad all sort of things.

[sonicdeejay]

One should close his/her shorts now...
Pulled down prices with high extreme vol spotted...


Sonic

[zoli]

Originally Posted by Vegetta

The part talking about "the resistance in one the direction and the passed through the line".
- Which is the resistance?, because in the picture there are 2, the red one and the blue one???

The part "there now seems to be resistance to passing back through the line"...
- What is that "resistance to passing back" really means??? I have included the pic.

Thanks Partners

Dear Vegetta,

They are both resistance lines at a stage.

Once the price passes the line it tends not to go back through it easily and becomes a support. The term is confusing as it is said "resistance to passing back" - support may be more straightforward.

Generaly speaking resistance is a zone through which the market can not go beyond with higher prices without some struggle.
Support is the opposit, the market can not go under without struggling.

At these two there are lots of limit orders resting to get triggerd, both profit taking, stop loss or just simply trade entries.
If professionals believe the time has come and enough stop losses gathered to a level by institutions and retail herd they give a push, mark prices up or down and trigger all these stopps and buy/sell into the fresh floating supply so one need to be careful. As such they collect all the orders from the public because they want higher prices.

Just observe some charts and you will find the horizntal S/R zones or diagonal trendlines acting as such quite frequently. It a zone ges broken it really has potential to act resistance from the other side.

I said zone, although sometimes a line can be distuingished clearly. These levels are really rather a range of prices, a few pips at least.

[mlambole]

Originally Posted by HiddenGap

Was trying to get an entry in the green square, but could not find one. What did I miss?

The sixth bar in the green square was a no-demand bar, confirmed by the next bar being a down bar.

[s21]

Originally Posted by malcolmb14

esignal for feed ... best volume feed out there

may take on eu is weakness in background

Attachment 352314

hi malcolmb14, i have a chit/chat with esignal representative and with the mbtrading representative and the conclusion it's the esignal get the volume feed from the broker you actualy use, esignal just intermediate your trading just in a more complex and profesionall way, but bottom line the volume from esignal it's the same with the volume from your broker...so haw come esignal volume it's the best? i don't understand

[taomql4]

wow ..sucks for usd no target hit--gbpjpy got there first...


end of session .....new levels might come up..

[TC East]

Hello...first post in this thread. Been lurking a while Can you guys help me here? Posted is a loss I just took on GU. I thought I was reading it correctly, but obviously not.

The entry bar is marked, and was a low volume, low spread bar I thought was a "no demand" bar. I say this because I entered short before the bar closed, then when it closed, it ended up as a downbar by like 1/2 of a pip. Did that measly 1/2 pip make it NOT a no demand bar? If it had closed as a green bar 1/2 pip higher would the trade have worked?

The 2 bars prior looked to me like a possible buying climax, with the bar immediately prior seeming like a kind of upthrust? These VSA things, plus the fact it was hitting resistance, and I thought I had a decent trade on. But I was wrong.

Could you guys comment and tell me what you see, and/or why I should not have taken this trade?

I am trading micro lots while I learn this, so didn't lose much, however I am finding VSA a bit difficult right now, and I have as many losing trades as winners. Am reading Master the Markets, and this and other VSA threads. Evertime I think I've "got it", a trade like this happens and I get sort of discouraged.

So, all replies are welcome! Please share your thoughts (and would especially love to hear from who seem to be the senior guys like Malcolmb 14, Hidden Gap, Shamus, etc., but again, I'd love to see all replies).

Thanks...

[s21]

Originally Posted by TC East

Hello...first post in this thread....

i'm a newbie so i can't tell you much beside allways wait for candle to close and personaly i'm trying to look at chart in more detail using support/resistance areas, fibonacci. chart patterns, divergences at multiple time frames...good luck, to all

[zoli]

Originally Posted by TC East

Hello...first post in this thread....

Hi there,

that 5m UT looking bar can not turn aroun that swing. As I write this there are potential UT on 1H and 30m, that is more like it. If you have a big move behind do not expect to be able to pick the top based on some good looking bars on 5m. Now, if those happen once the potential top is marked on a more signifficant TF as it is now, you are better of looking for clues.

It is not bad idea in a situation like this to note the UT on 1H, 30m, 15m. Than the price should do some fancy consolidation and when you see the 5m rolling over you are safer to check ND bars from it.

Also UT is not only because of the bar. You can fund those bars pretty often anywhere, yet they are not all UT. The best is at a zone of old high at the beginning of the down move. If you get it at the beginning of the up trend just still be cautious, unless you really know what you are doing.

Of course, on the atteched chart you could have taken the UT looking bar on the 5m to some profit - if you followed your prior actions. The market can be even ready to move down. I just would not trade at the end of New York, soon there will be no V left till Tokyo.

[malcolmb14]

this one is simple .... nothing really wrong with the trade other than you choose to short on one candle on a 5 min chart when the background has been buying all US session as oil takes off ....

try and trade with the trend of the session and you cannot go wrong

ont weay up there were several low volume test etc .... the pros have been buying this one.

not sure is asia is going to move her up to 1.6500 or not

Originally Posted by TC East

Hello...first post in this thread. Been lurking a while Can you guys help me here? Posted is a loss I just took on GU. I thought I was reading it correctly, but obviously not.

The entry bar is marked, and was a low volume, low spread bar I thought was a "no demand" bar. I say this because I entered short before the bar closed, then when it closed, it ended up as a downbar by like 1/2 of a pip. Did that measly 1/2 pip make it NOT a no demand bar? If it had closed as a green bar 1/2 pip higher would the trade have worked?

The 2 bars prior...

[TC East]

Thanks guys...I can see from your comments why that was a low percentage trade. Interesting that the same strategy would have worked a few bars later as mentioned, although that was a far more clear upthrust into new territory.

Trading with the trend for sure is what I need to do. Sometimes I get messed up though when the trend in Euro session completely reverses in US session. So following "trend of the session" as Malcolmb stated sounds good.

But thanks again to the 3 that responded; I do appreciate each response!

[bowldog]

You should check your background first and then wait for confirmation. You may lose a few pips while waiting but its worth it in the long run.

Originally Posted by TC East

Hello...first post in this thread. Been lurking a while Can you guys help me here? Posted is a loss I just took on GU. I thought I was reading it correctly, but obviously not.

The entry bar is marked, and was a low volume, low spread bar I thought was a "no demand" bar. I say this because I entered short before the bar closed, then when it closed, it ended up as a downbar by like 1/2 of a pip. Did that measly 1/2 pip make it NOT a no demand bar? If it had closed as a green bar 1/2 pip higher would the trade have worked?

The 2 bars prior...

[sonicdeejay]

Originally Posted by sonicdeejay

One should close his/her shorts now...
Pulled down prices with high extreme vol spotted...



Sonic

I am having this.. “I told you so” moment…

Sonic

[HiddenGap]

Thanks for all the responses. This is how the thread should be.

Originally Posted by mlambole

The sixth bar in the green square was a no-demand bar, confirmed by the next bar being a down bar.

Here's my perspective:

I don't like no demands that make lower lows. In Hindsight, I would call that candle a Key Reversal Bar/Hidden Test that fails.

As a KRB, it makes a lower low, opens higher than the previous candle's close, closes higher than the previous close and its own open and closes slightly off the high. I would be looking to enter on the next candle on a breach of the KRB's high, which does not happen.

As a Hidden Test, it makes a lower low, closes up and near its high, and has volume less than the previous two candles. Again, the next candle does not make a higher high to bring us into the market. More importantly, we do not get confirmation on the next two candles with closes higher than the close of the hidden test candle.

At the time, I think I was too concerned with looking for the No Demand to see the obvious weakness that was presenting itself.