heres my vsa take on this
im just finishing reading mtm
im just finishing reading mtm
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DislikedI would liken successful trading to playing 'Rock, Paper, Scissors' and winning. The aim is to get to know others better than they know themselves, so I guess we're social scientists now.Ignored
Dislikedbut isnt vsa liquidity,as we are analysing volume with comparison,to price,we can see where the the aka smart money is(sprecialists,proffessional trading syndicates...)and with candlestick readings their intentions in the market
have a great weekend too,im looking forward to learn more from experienced traders posting here
hm i think i found my answer for monday,sell orders,shorts and low liqidity ,so high volatility is the result,just like trading in december when evryones on holidayIgnored
DislikedIMO the more you try and turn what's being discussed (loosely) here into a pattern search - you start drifting off course.
Let's look at what IMO drifting completely off course would be:
(Static, hopeful, lazy mindset)
Identify a particular pattern.
Predict the future, place your trade and cross your fingers.
In contrast to:
(Actively engaged, aware of change, working mindset)
Working toward developing a market generated feed-back oriented view of the market.
Placing your trades within a discerned condition and holding, adding, exiting based...Ignored
DislikedThink about how price change and the distribution of liquidity interact. Your looking for a disequilibrium in that distribution which should give you a highly predictable outcome.Ignored
DislikedTrade with the anticipation of that outcome and you have the makings of a high probability system.Ignored
DislikedI think I have an idea here.. Darkstar says we're soon there on the stop hunting patterns, and MAYBE, that has to do with all the intelligent explanations form all you guys + my chart about where stops are located
But this made me think.. Aren't there two (atleast what I know of) different stop hunting patterns?
Think about it, or maybe I'm wrong here but let me explain:
Stop-hunting pattern #1:
This kind of stop-hunting pattern is what happen to all the noobies. Let's say they want to short, so they get into a position...Ignored
DislikedWhat this boils down to is really my question, is there any way of localizing where the orders MOST LIKELY will be ON A CHART?Ignored
DislikedIf you can crack that code you will be able - with some practice - to "read" the intentions of the big players before price will move in that direction.
Triggering some stops is then just a byproduct.
Identifying the imbalance before the outcome occurs puts you in the first best seat.
It's also a kind of front running.Ignored
DislikedIf you can crack that code you will be able - with some practice - to "read" the intentions of the big players before price will move in that direction.
Triggering some stops is then just a byproduct.
Identifying the imbalance before the outcome occurs puts you in the first best seat.
It's also a kind of front running.Ignored
DislikedCarnegie, I like your question. Developing the ability to visualise stops in 'clusters' in a measurable and consistent way is a very useful goal.
One thing I look for is an accumulation of stops above retraces in a downtrend.
For example when price action is making lower lows and lower highs then it is safe to assume that traders who are in profit are motivated to protect their profits by moving stops down with each lower high.
When the distance between the 'lower highs' is more significant (say 150-200 pips) then the profitable short traders...Ignored
DislikedI see what you're saying but I have no single idea how to get there. Darkstars hint + your hint gave me some ideas about the stop hunting thing, but I think I need to study a little bit more before I present them.. but I am actually quite sure about them.
It is the identifying of the imbalance I am on the quest for, I really want to understand what it is. But I really don't know what to start with and what to look for.
Hey robdee glad you could join.
I see what you're saying here and it makes sense 100%. But still I have...Ignored
DislikedI think what Carnegie is saying is VSA is not of any value to a trader in the spot Fx market. Not all of the trades are going through a central location such as the stock market or futures market where VSA can be of some value if that is your way....Ignored
DislikedIMO the more you try and turn what's being discussed (loosely) here into a pattern search - you start drifting off course.
Let's look at what IMO drifting completely off course would be:
(Static, hopeful, lazy mindset)
Identify a particular pattern.
Predict the future, place your trade and cross your fingers.
In contrast to:
(Actively engaged, aware of change, working mindset)
Working toward developing a market generated feed-back oriented view of the market.
Placing your trades within a discerned condition and holding, adding, exiting...Ignored