M5 scalp. otherwise i was more focused on M15. have already secured 35 pips and BE for now.
Attached Image (click to enlarge)
2
- #32,884
- Mar 27, 2020 9:28pm Mar 27, 2020 9:28pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Missed this one.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #32,885
- Mar 27, 2020 9:42pm Mar 27, 2020 9:42pm
Missed this one. {image}
1. if i guess volume flow and pressure gauge are same things as your chart mode I (awesome oscillator) and II (accumulation/distribution).
2. excessive volume on downbars is hinting demand hit the market. i don't know which instrument it is. did you miss the bearish run or there was bullish move after that which was missed?
3. in case if we combine the vsa with profile here, what would you consider as setup for long or short?
- #32,886
- Mar 27, 2020 11:03pm Mar 27, 2020 11:03pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
{quote} a few queries: 1. if i guess volume flow and pressure gauge are same things as your chart mode I (awesome oscillator) and II (accumulation/distribution). 2. excessive volume on downbars is hinting demand hit the market. i don't know which instrument it is. did you miss the bearish run or there was bullish move after that which was missed? 3. in case if we combine the vsa with profile here, what would you consider as setup for long or short?
You've been carrying the VSA torch very well. Thank you for all your posts.
1. Volume Flow is not the same thing as Chart Mode I. Volume Pressure Gauge is the same as Chart Mode II.
2. I missed the bearish run shown
3. What can't be seen in this picture is the daily Profile on the 30 minute chart. The auction was down for the day, meaning the Market was finding value lower than the previous day. Since the Market was finding value lower, I was only looking for Shorts. I'm a trend trader. The Auction gives me a bias (direction), then I want to see the trading chart trending in that direction. For a Short, price would be below the averages and both Volume Flow and Volume Pressure Gauge would be red.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #32,895
- Edited 10:18am Mar 30, 2020 5:35am | Edited 10:18am
another trade just got in a while ago, let s see how it pans out, altho today is monday and usually market is slower
same pattern on pound cad, it setup on 14 ema, test for buyers, volume increased of that fake reverse upthrust and the bullish reaction. very reliable pattern from what i ve seen during my trading journey. i won t take this trade as it s a shallow pullback and it s also late to take it, but if the trend is strong often times it will just test at 14 ema and continue
just took this trade after movin stop at BE on GJ
took it on the 15m TF without waitin on 1hr to close just cos i m going in with the trend, volume increased on the 1hr and the reaction on 15m was just 2 nice,
bottom line for 2day, bothe trades closed at BE, they were both ok for 1to1 RR but since i ve entered on the 1hr i ussually move my stop at BE at 1to1. i hoped that dollar will drive the market lower and GJ will just range(since i m bearish on dollar), but it s moday and ranges might be in play. also the volume that came in on the down moves i didn t liked so.. it s still a winning day by not losing
))) i m done for today, we ll see what tommorow will bring. cheers
same pattern on pound cad, it setup on 14 ema, test for buyers, volume increased of that fake reverse upthrust and the bullish reaction. very reliable pattern from what i ve seen during my trading journey. i won t take this trade as it s a shallow pullback and it s also late to take it, but if the trend is strong often times it will just test at 14 ema and continue
just took this trade after movin stop at BE on GJ
took it on the 15m TF without waitin on 1hr to close just cos i m going in with the trend, volume increased on the 1hr and the reaction on 15m was just 2 nice,
bottom line for 2day, bothe trades closed at BE, they were both ok for 1to1 RR but since i ve entered on the 1hr i ussually move my stop at BE at 1to1. i hoped that dollar will drive the market lower and GJ will just range(since i m bearish on dollar), but it s moday and ranges might be in play. also the volume that came in on the down moves i didn t liked so.. it s still a winning day by not losing
))) i m done for today, we ll see what tommorow will bring. cheers
