guys, i am learning vsa and i have a problem, where place stop loss? immediately close to the signal candle ? or or further behind a candle with a high volume
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Dislikedguys, i am learning vsa and i have a problem, where place stop loss? immediately close to the signal candle ? or or further behind a candle with a high volumeIgnored
Disliked{quote} It's hard to give a solid definitive answer on stop losses. There's a lot that goes into stops and some of those things really depend on you. 1. Your risk tolerance - Some traders hate being stopped out so they trade small lots and big stops, then you have other traders who hate draw so they trade with small stops and larger lots. 2. Your skill as a trader - Most new VSA traders get in early and either price goes against them immediately or price just grinds sideways forever. Something that you need to do is document all your trades. Wait...Ignored
DislikedShould I mark lines on the chart like you? Lines from close level. Do it only from important candles with high volume or which bars?Ignored
Disliked{quote} I have a question about this trade. What was the reason of close this trade? I learned all the theory from VSA, books, courses and other. Now I am trying to find a good opportunity on chart to get a position.Ignored
Disliked{quote} It's up to you how you want to read VSA. I've been posting about high volume closes for years now. You can go through my post history, there are hundreds of charts with explanations. During 2020 I posted like crazy with almost all of them posted as they happened. You have Pres78's VZA, HiddenGap's Sharp Shooter and my high volume closes. They are all based on the same concept, the difference is what levels you watch. Or you can follow the thread creator Malcolmb, which he just reads PA. Find which approach makes the most sense to you and...Ignored
Disliked{quote} Anotan if you are using VSA a long time and you are good in this. What was the source from you get knowledge? and other ? Only from books?Ignored
DislikedHere is my trade for today, which didn't work out. During Asia price came up to a HVC and volume dropped off. I should have sold this during Asia, but honestly I wasn't paying attention and missed the opportunity. Later during the Euro session price rallied and I thought the market was doing me a favor, so I sold the rally. But look at the yellow box I drew on the M15 chart, PA got really messy. You see weakness, you see strength and price is all over the place. To me, it only made sense to get out of this trade because of that messy action. Price...Ignored
DislikedTook a loss on this one, saw some stopping volume, then we had a 2BR which closed above the HVZ Low. I did consider placing stop below the stopping action candle but wasn't comfortable with a 20 pip SL. {image}Ignored
Disliked{quote} The bar you have fibbed showed no signs of buyers being in control so trying to take a long off the low of the zone was very risky. Longs are best taken from either the H of 50% of a zone once the high of the zone has been taken out by buyers... then we want to see buyers and lack of selling as we come back into the top half of the zone. Messy PA but for me, I'd be looking to short right now form the bottom have of that zone.Ignored
Disliked{quote} Hi Pres, thanks for your input mate. Yeah totally agree. I reckon now that the GBPAUD H1 trade as well was a risky play from the bottom half of the zone even though it was good for 3R, but I do notice a safer no-supply entry that happened later on above the hinge.Ignored