Hello everyone, my name is SmartFx and i have been live trading the market for approximately 10years. Just like most traders, I have moved from system to system in search for the holy grey. Some of the system i have traded before discovering VSA include 123 and ABC patterns, Indicators, Elliot wave principle, harmonic patterns, few of Gann systems, tom demark trendlines, supply and demand, and many more. Things changed about 3+ years ago when i started trading VSA. I love VSA because it answered most of my questions in forex trading. Mastering the technique was not an easy task as i had no one on one mentor, as a result, it took me about +2years to be better with VSA technique.
My recommended book for VSA is mastering the market by Tom Williams.
Tom is the founder of VSA technique which was an original work of Richard Wycoff.
Some of my thought and indicators for VSA are:
1. After a stock has witnessed a significant amount of accumulation then it should be ready for profit release phase.
2. The market will take the path of least resistance as supply acts as resistance to higher prices.
3. If Smart money wants to sell then they will need 'force buyers' and 'willing buyers' and vice versa if smart money wants to buy.
4. A climatic Vol follow by low Vol or No Demand after a significant rally in an uptrend is an indication of weakness in the background.
5. Watch out for support and resistance levels as they attract volume for buyers and sellers.
6. Watch out for price trading into a new high or low ground with no trading range to the left, with high vol and small candlestick/bar range in an up day or down day.
7. For price to go up, and mostly through levels, then it will require professional support.
8. The market does not go up because of too much demand but because there is not enough supply or selling to bring it down. In that case, watch out for your levels, they will inform you when selling has overwhelmed buying because at these levels are luck in traders or trap traders. Trap traders zone during EU to U.S session are good areas for entry on smaller tf.
9. Don't forget the bigger time frame as it entails all market sessions. watch your daily and weekly and monthly chart.
10. Correlation very important.
You are welcome to ask questions.
Ps Note Insult is not allowed let's have respect for one another
I have not share any screenshot of past result because they are not guaranty for future success. Also, take note that what you read here is not in any form of trading advice and traders may lose all their funds.
This thread will share signals using VSA and discuss trade using VSA.
My recommended book for VSA is mastering the market by Tom Williams.
Tom is the founder of VSA technique which was an original work of Richard Wycoff.
Some of my thought and indicators for VSA are:
1. After a stock has witnessed a significant amount of accumulation then it should be ready for profit release phase.
2. The market will take the path of least resistance as supply acts as resistance to higher prices.
3. If Smart money wants to sell then they will need 'force buyers' and 'willing buyers' and vice versa if smart money wants to buy.
4. A climatic Vol follow by low Vol or No Demand after a significant rally in an uptrend is an indication of weakness in the background.
5. Watch out for support and resistance levels as they attract volume for buyers and sellers.
6. Watch out for price trading into a new high or low ground with no trading range to the left, with high vol and small candlestick/bar range in an up day or down day.
7. For price to go up, and mostly through levels, then it will require professional support.
8. The market does not go up because of too much demand but because there is not enough supply or selling to bring it down. In that case, watch out for your levels, they will inform you when selling has overwhelmed buying because at these levels are luck in traders or trap traders. Trap traders zone during EU to U.S session are good areas for entry on smaller tf.
9. Don't forget the bigger time frame as it entails all market sessions. watch your daily and weekly and monthly chart.
10. Correlation very important.
You are welcome to ask questions.
Ps Note Insult is not allowed let's have respect for one another
I have not share any screenshot of past result because they are not guaranty for future success. Also, take note that what you read here is not in any form of trading advice and traders may lose all their funds.
This thread will share signals using VSA and discuss trade using VSA.
TrendDiamonds ex4 file seems that mt4 needs it to work.