thought I posted this - busy day
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Disliked{quote} TOB takes out two or more bars highs or lows best if against trend. TOS can be a number of things is a rejection of strength bar, could be a test or a ms or a uhv. bar or. etc. LB - I think it should have been LIB (missed the i) it's "lock in bar" real name for a GB. tebIgnored
Disliked{quote} Got it. Not sure TOS, but study all your charts with vol signals and I'll understand it better. So basically you are looking for a high volume "violent" bar (Gotha, TOB, UT,hidden UT, ...) on D1, H4, H1 - which shows direction of the market and then you are looking for other VSA signals on M30/M15 and those are your best setups? Looks that much of VSA is not necessary...Ignored
DislikedHi TEB and all, I am looking at Oanda MT4 charts, and wonder if there is a BB indicator that can be overlaid on volume sub window. Anyone knows? Thanks, RisingSunIgnored
Disliked{quote} just drag the bolinger band (mt4 default indicator) in your volume window. and just apply to last indicator.Ignored
DislikedI really want bar 2 to close below bar 1!! I thought I might get taken out - Volume -is not making higher highs as price is - Compares the "A" to the "B' TEB {image}Ignored
Disliked{quote} you can zoom in your chart even more you still marked wrongly: marked bar "A" has no volume as marked volume "A" . Does it change your VSA and VRA?Ignored
All the 4 have good points and bad points
Case one: I think this is the SAFEST and the WEAKEST and the MOST DANGEROUS to real traders. Its the SAFEST because you really get to know a pair like a spouse. Its the WEAKEST because there can be very few trade for weeks ie. If a market is in chop or is all over the place. Its the most DANGEROUS because you may have to go weeks without a trade. Most traders will "find or make" a trades were there are none and lose money. This is the common out come.
Case two: I think this is the likely, overall the BEST for most traders. The trader can get to know a few pairs like old friend.
And the diversified pairs can help find trades because money is always moving somewhere. The pairs you should use should be based on the setup(s) you use and the time of day you trade ie. You want to trade pairs whose counties working hours coincidence with your trading time. And remember 85% to 90% of trades have the USD on one side.
A list of pairs might be the following
EurUsd, GbpUsd, UsdChf, UsdJpy, UsdCad, AudUsd, NzdUsd, EurGbp, EurJpy, AudJpy.
Case three: I think this is clearly the 2nd MOST DANGEROUS and the MOST CONFUSING as people never get to know a pair or pairs and get lost as they bounce from trade to trade. This is the slowest way to understand the market. And should be avoided at all cost.
Case four: I think this is THE BEST, but is only for expensed traders otherwise it simply becomes Case three. This case moves from trading pair(s) to trading set up(s). BUT a trader must have a way to screen good pairs from the bad. This differs from Case three in that a trader does not get lost in the charts, but rather had a way to find pairs and go to these charts directly. If this is done right it takes very little time to find 1 to 4 pairs and analyse them. The bad point is you have to have a good way to screen for good pairs or it will not work.
For most traders especially if they are new, Case two is the best. For all expensed forex trades they are doing some form of Case four in one degree or another. Some with a few pairs other with many.
But the number of pairs you trade - one, many or a few will be a big point to your success.
TEB