USD CAD is in a tight consolidation for days now. ....I woul like to see price move above 1,2850 and a valid test to confirm the buy
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Disliked{quote} wait for the price to close above the close of the test bar you are showing ... currently you bought under it . USD CAD is in a tight consolidation for days now. ....I woul like to see price move above 1,2850 and a valid test to confirm the buyIgnored
Disliked{quote} wait for the price to close above the close of the test bar you are showing ... currently you bought under it . USD CAD is in a tight consolidation for days now. ....I woul like to see price move above 1,2850 and a valid test to confirm the buyIgnored
DislikedREALLY?? 2. Sign Of Strength (SOS): Pretty obvious. In this case I would call that bar Demand Swamping Supply (DSS). Moreover, this bar is a truly beautiful example of a Key Reversal Bar (KRB). It has: 1. Open lower than the previous Close 2. Makes a lower low than the previous interval 3. Makes a lower low than the 3 previous intervals 4. Closes higher than it Opens 5. Closes higher than the previous Close 6. Closes in top 75% of its range 7. Has increasing, but not excessive, volume. * The fact that it is engulfing is a bonus, not a necessity....Ignored
Disliked{quote} To be fair, there is no entry (short) on this 15 minute chart, unless you're willing to enter after the Gotcha Bar. The SHARP SHOOTER Strategy is to wait for the move back towards the Trigger Line. A Valid signal came at 1315 hrs as price tried to move back into the HiddenGap. As far as your volume goes, you have to trade what you see my friend.Ignored
Disliked{quote} Trading futures mainly instead of Forex now unless I want a position in an exotic, having said that, I trade with the jigsaw platform and you can see iceberg orders stacking at the trigger lines you draw. Algos will stack orders "iceberg" protecting price, If the level holds price will continue much like you commented on previous sharp shooter posts. Now that there is no spoofing in the market allowed, its the best way to protect a position level. Its awesome to see vsa work on a level 2.Ignored
Disliked{quote} Thanks for the replies, hope we get too see a bit more from you. I was just coming back to explain why I did what I did. CAD has been going sideways for the past 2 weeks. Basically just fibbed the highest volume on the 1 hour chart on the top and bottom of this consolidation area we are in, which gives us the edges to play. {image} I do think USDCAD will drop as well, but I'm just waiting for price to drop below the lower zone and then come back and retest. There is a perfect example of this from the accumulation area from earlier...Ignored
DislikedAll VSAers have to be able to see this. Take a look at the chart below. Notice the first black arrow. It points to a Wide Range Bar (WRB) on Ultra High Volume. The following bar has INCREASING volume but a decreasing range. It is a squat. In VSA we might term this interval a Buying Climax. We might even go further and note this interval has massive effort with little result. Not only is there little result in terms of range, but the close is well off the high. Two intervals later, we see a ND bar; which also turns out to be the first bar in a Two...Ignored
Disliked{quote} Hello Son, coud you provide a screenshot of this issue? P.S. Do you still use SmartVsa suite?Ignored
Disliked{quote} Hi Fred, Yes I still use SmartVSA. I will gladly take a screenshot the next time I see the market reacting the way mentioned/Iceberg orders although a screen shot does not do it justice since this type of order happens in real time with continual bids/offers added to the tape. Here is a shot video explaining what I am talking about. https://www.youtube.com/watch?v=DV8BTUSZwNwIgnored
Disliked{quote} Thanks for sharing. BTW, who did you piss of that they are disliking all of your posts? lol petty people.Ignored
DislikedI am starting to trade crypto using vsa .... mostly ETH off a 30 min. Gavin and the boys make it look so easy thought I would try .... not so easy lolIgnored