Thank You Spud. It's a good entry confirmation signal. But don' t worry. I'm sure those of us who have followed this thread are hooked on to VPLT. It's such an elegant method and will continue to use it as it is meant to.
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DislikedHi, here´s a demo trade from earlier today. Please comment.
http://i50.tinypic.com/116jlzm.gif
1,2 and 3 establish [email protected]
3-4 establish a new PL@ 1.3525
4,5,6 price up volume down so there´s clearly no interest in higher pricelevels. Good entry @candle 7 pricelevel 1.3540, TP@ 1.3525, SL@ 1.3550 R:R>1:1.
8,9 gives a new [email protected]
10,11 confirmning less interest in higher PL so bias is short.
12,13 possibly showing that the lowest PL to concider is @1.3520.
14 price up and...Ignored
DislikedYou still in that position? It'd be payin' of pretty well right now, lol.Ignored
DislikedSorry Spudfyre I forgot to ask, do you move your SL at any point and in that case how?
Thanks
WaezIgnored
DislikedFollowing up post 427. Please comment.
http://i48.tinypic.com/35n7ifo.gif
At 9 the trade went +8 pips and I moved the SL to BE+1 which was hit sortly after.
In hindsight it´s clear that the trade was never in danger. The peak at 9 merely confirmed the [email protected] and afterwards the price dived.
Regards
WaezIgnored
DislikedIt would have, now I ended up with +1 lol.
http://i49.tinypic.com/125jtle.gif
It would be nice to here how Spudfyre would handle such breakout with the VPLT. Moving SL. Getting in again when first TP is hit?
Regards
WaezIgnored
DislikedThe chart below is a "short" MACD example, where the MACD histogram is below the MACD "0" level.
The chart below shows 3 vertical red lines numbered 1, 2 and 3. These lines are established like normal VPLT, where volume has peaked -- except we are only interested in a short signal since our MACD histogram has crossed down across the MACD "0" level. As such, we can see these short signals when we have a volume peak, and the MACD histogram is growing larger in our trade direction.
As you know from MACD, the MACD histogram is showing...Ignored
DislikedAlways move stop loss to protect pips.
And now I rant....Better to take pips than lose pips 100% of the time. There is no such thing as "missing" pips.
Where the most money is lost is chasing "missing" pips and ending up losing pips...let the ego go when trading....millions of opportunities to trade and make pips.
How can you lose when you win? and win? and win?Ignored