spotted the setup but missed it was playing PS plus dont like to trace the market at this hours
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Dislikedvery nice clifton i sniped that on 5m enhancenig the enty on 3m with H1 back ground moving my stop on each 5m bar to the high of the previous bar made 55 pips
ok how about that nowIgnored
Disliked5 min entrys, but why you asked for them,
and i did not get your point, you mean to tell if that a push thru after the accum "meanning after the chopy move??" then i start to label bars as push thruIgnored
DislikedOK, so by now we have plenty of examples of the stop/push/test trade that have worked..but not many examples showing when not to take the trade. I'll just list some common reasons. I'll use a down move hitting stopping volume as the example.
1. As mentioned in the last post, when there is stopping volume, the bottom 5-10 pips or so from the low of that bar MUST be protected by buy orders if retested, for the setup to be valid. An example of this was shown in my double bottom post. The second bottom is usually not as high volume as the first, but...Ignored
Dislikedanybody knows or can explain why the fast sudden upsurge of eurusd price at 1.44022 to 1.44568? i checked the news but that was 40 minutes ago from the start of the upsurge?
I am not really sure how to analyse this the only thing i know is what to look for entry from bottom or top. LOL!
any understandable explanation will be much appreciated.Ignored
Dislikedi only play eurusd, i am just a beginner. i was preparing for another long when it shoot up suddenly. i don't like that.
been studying VSA since monday, i stopped reading MTM yesterday because the only thing i could remember there is the word "traderguider" seems every line had that word good thing i found this one. the other 2 threads with Shamus and Malcolm is rather long so i started with this first. lucky me.
I just followed every step what Clifton here taught and voila got 3 wins and 1 loss just for this day but still i do not...Ignored
Dislikedthanks Clifton for the new charts and Taomlq4 for that chart for me to ponder.
I'll study them when I don't have office work, if i have questions i'll post them here or message you guys.Ignored
DislikedYou 're Welcome ...Understanding Order-flow and combining it with VSA is pretty powerful.....
this Link should help ..
http://www.fxstreet.com/search/contr...1-e9bf77216d2f
As you can see , Prices could not get pass the Larger TF demand levels....News be damned , orders are already in....Ignored
DislikedNow let's look at the entries based on what I've taught in this thread. First one goes right into profit, second one goes 35 pips right into profit..no draw down on either trade. Why right into profit? Because it's the exact point of an extreme supply/demand imbalance.Ignored
DislikedClifton, so glad you are back in action....this thread has been one of my favorites and was afraid it was finished.
For the second, "new demand line" in the image, how do you know its a valid demand line, when it seems to have only acted as resistance once?Ignored
DislikedReferring to post 280, I think you meant to say it acted as SUPPORT only once.
Reason: A wide spread high volume up bar closing off the high (with no new high close to follow) starts the condition to look for that demand level to setup, and push through. Has nothing to do with the amount of times it acts as support. Hope that answers your question.Ignored
DislikedYes I did mean support.
Thanks so much, but I'm clearly still missing something. The high volume up bar in the second setup was a few bars before the lower volume up bar that you mark as creating the "new demand line." Also the new demand level is right in the middle of the high volume wide range bar; the high volume bar thus doesn't seem to create the demand line you've marked.Ignored
DislikedOnce we saw weakness come in on the wide up bar, the demand line is simply drawn at the first support level to setup, waiting a minimum of 3 5min bars. (If I had to give it exact rules on bar amounts)Ignored
DislikedThanks. The three to five bars is the key; otherwise I wasn't clear on why you chose that bar. That's what I was missing. Thanks for bearing with me.
Since the demand level doesn't have to be retested again for it to be a valid demand level, what do you look for to decide whether a level has been formed? I.e. why did you pick the third bar, and not the fourth or fifth bar after the wide spread bar. Do you look at volume or just how the bar looks? The third bar in this case was the only up bar, and somewhat of a wide spread bar in itself but...Ignored