DislikedAud/usd trade i took. Bar goes down then closes on the high on higher volume. {image}Ignored
Lovely trade.
Today's zone = Tomorrow's opportunity!
VSA-divergence trading 187 replies
How to Blow $200 account using VSA--- 594 replies
VSA Journal 57 replies
VSA broker history change datas 11 replies
DislikedAud/usd trade i took. Bar goes down then closes on the high on higher volume. {image}Ignored
Disliked{quote} Oil just hit 42 on my platform. I'd be looking for a retrace on low volume followed by a NS.Ignored
Disliked{quote} I guess I recently took a long off 1954 ... Is anyone else with me?Ignored
Disliked{quote} Nice 35 point move up from entry level 1954 which is good considering the 20 day ADR is only 27.Ignored
Disliked{quote} Hi Pres, Understood that in trading nothing works 100% and probably the trade failed for no obvious reason at all. Just wanted to see if I missed anything that would have invalidated the trade. Futures price moves almost the same as the cash market of Forex. It's just that, in the case of CHF, the futures price move is the opposite of that of the cash market, as it's denominated as USDCHF in the cash market, not CHFUSD (in the case of Euro and AUD, futures and cash are the same). So a long trade in CHF futures becomes a short trade in USDCHF...Ignored
Disliked{quote} The simplest thing I can say is don't forget the background. While I agree the zone "appeared" to be a SOW it was in fact an absorption zone. That was in fact the bar that proved the changed in trend. {image}Ignored
Disliked{quote} Hi Pres, Excellent explanation ! It's posts like this that help me learn the most. Now I see where I missed in the big picture. I'll benefit a lot by digesting this. I'll make a PDF copy of it. Thanks again for your help and I really appreciate it.Ignored
Disliked{quote} Hi Pres, Excellent explanation ! It's posts like this that help me learn the most. Now I see where I missed in the big picture. I'll benefit a lot by digesting this. I'll make a PDF copy of it. Thanks again for your help and I really appreciate it.Ignored
Disliked{quote} Well I am glad that you can see some benefit in what I wrote. Sometimes I feel like I am talking to myself or perhaps saying too much. The biggest advise I can give is that you need to change how you think and see the markets. We as humans have a certain way we normally view money all of which is based around fear and greed especially if money has not come easily to us in life. We chase trades for fear of missing out. We buy and sell because that is what the news is telling us we should do. The SM know this about us and they exploit it....Ignored
Disliked{quote} Well I am glad that you can see some benefit in what I wrote. Sometimes I feel like I am talking to myself or perhaps saying too much. The biggest advise I can give is that you need to change how you think and see the markets.Ignored
Disliked{quote} Sounds like a plan . This is the most bullish the 4hr Oil chart has looked in some time. For some reason $40 is calling my name, not sure why just yet .Ignored
DislikedWhile not closing above the previous bar, the bar itself does indeed go down just to close on the highs on higher volume. Trying to stick with these setups. {image}Ignored
Disliked{quote} Recent PA structure has me now watching around $41 rather that $40 for sign of buyers stepping in. Edit although $42 is a big number that was a huge support level back in March 2015 so... the bulls may choose to hold that level and we may not see it get back to $41...Ignored
DislikedThat's one impressive looking ND on EURUSD Daily Chart. Wow! GBP bank holiday could for sure have played some factor but man oh man that bar is weak looking. 1.1 would appear to be the next logical stop on the train. Will the bulls kick back in there and defend or will we soon be seeing parity (sorry big banks that are predicting higher prices)? Insert SM subliminal message here "You must buy, buy, buy because the EURO is heading higher"... If 1.1 gives and holds we lose our Daily TF bull structure by making that LL. For those of you that...Ignored