Guys, I see that you started to use various indicators for VSA.....
I have tried bunch of combinations, and the reality is that only one
thing matters, and that is ROUND NUMBERS. Forget about all the indicators.
The one and only thing that moves the market is Banks, Big firms...etc... and all they care about is to trade currency at DESIRED value,
so market makers are pushing price where they want and need to regardless of anything else!
Try to stick to one currency until you totaly crack the way that currency
is "breathing", and soon, you will see that ROUND NUMBERS are most important to trade any possible method.
Try to find support&resistance levels at weekly or daily chart, and you will see that strongest S/R levels are
around round numbers.....if you draw a fibonaci levels, you will see that
fibos are almost identical to these round numbers S/R levels.....
I asure you that fibos are respecting that levels, not the other way around!
The more indicators you stick to VSA, the more confused you will be,
and the reality is that VSA is self sufficient method that will work
as long there is a market, no matter what.
IT IS ALL ABOUT SMART MONEY, AND THAT IS THE ONE AND ONLY THING THAT MOVES THE MARKET!!!
Regards
I have tried bunch of combinations, and the reality is that only one
thing matters, and that is ROUND NUMBERS. Forget about all the indicators.
The one and only thing that moves the market is Banks, Big firms...etc... and all they care about is to trade currency at DESIRED value,
so market makers are pushing price where they want and need to regardless of anything else!
Try to stick to one currency until you totaly crack the way that currency
is "breathing", and soon, you will see that ROUND NUMBERS are most important to trade any possible method.
Try to find support&resistance levels at weekly or daily chart, and you will see that strongest S/R levels are
around round numbers.....if you draw a fibonaci levels, you will see that
fibos are almost identical to these round numbers S/R levels.....
I asure you that fibos are respecting that levels, not the other way around!
The more indicators you stick to VSA, the more confused you will be,
and the reality is that VSA is self sufficient method that will work
as long there is a market, no matter what.
IT IS ALL ABOUT SMART MONEY, AND THAT IS THE ONE AND ONLY THING THAT MOVES THE MARKET!!!
Regards
forexflash