Without VSA, you're playing checkers while the Smart Money plays chess.
Trading with Volume and maybe a horizontal line
- #81
- Sep 28, 2020 7:28pm Sep 28, 2020 7:28pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
- #83
- Edited 6:10pm Feb 27, 2022 5:55pm | Edited 6:10pm
- Joined Jan 2015 | Status: Trader | 1,460 Posts
Is this the right way looking at this chart anotan.. After seeing a clean rejection we have to drop to lower TF like 30m and 15 min to read PA..?! {image}
Right you drop down and see if PA agrees. If you notice right at the top on M15 there is a failed test. Failed test you either want to see the next bar either not touch the high of the test or only go above the test by a pip or two and the next bar close down and below the test. If youre aggressive short the low of the test, but its best to wait for the next bar to close below the test.
The PA was really straight forward, you can see price failing to react to strength and it gives you a 2nd failed test. They're soo common in weak markets, I short failed tests more than NDs or up thrusts.
- #84
- Edited 7:19pm Feb 28, 2022 5:08am | Edited 7:19pm
UJ short. Price is rejected multiple times Home session bar closed, enter after upthrust, and failed the test. let's see how this goes.
Edit: Hit TP, as Price is approaching the low
Edit: Hit TP, as Price is approaching the low
Learning is a never ending Journey
- #86
- Mar 1, 2022 2:20am Mar 1, 2022 2:20am
I must really need to work on my mindset and psychology.
EU bias was in short side today I entered trade early, price goes up rejected Yesterdays HVB close, and today Home session bar close. As soon as price came back to BE I closed the trade manually without thinking.
EU bias was in short side today I entered trade early, price goes up rejected Yesterdays HVB close, and today Home session bar close. As soon as price came back to BE I closed the trade manually without thinking.
Learning is a never ending Journey
- #87
- Edited 6:51am Mar 1, 2022 5:44am | Edited 6:51am
USDCAD : Short. Lets see how this plays out. Upthrust at Yesterday's HVB close. 
Edit: Closed trade manually as price is approaching TP and low. ended with some green pips 
Edit: Closed trade manually as price is approaching TP and low. ended with some green pips
Learning is a never ending Journey
- #89
- Edited 11:11pm Mar 1, 2022 7:31pm | Edited 11:11pm
AJ :Short.
What got my interest is the low volume widespread bar of yesterday's home session then the price rallied down. Let's see how it plays out
Edit. Price was just flipflopping around the Home session bar close, I closed it at BE, even though it rallied down after that. Looking for shorts again if price retraces and gives clear rejections (If it finds supply)
What got my interest is the low volume widespread bar of yesterday's home session then the price rallied down. Let's see how it plays out
Edit. Price was just flipflopping around the Home session bar close, I closed it at BE, even though it rallied down after that. Looking for shorts again if price retraces and gives clear rejections (If it finds supply)
Learning is a never ending Journey
- #91
- Mar 1, 2022 7:36pm Mar 1, 2022 7:36pm
- Joined Jan 2015 | Status: Trader | 1,460 Posts
I must really need to work on my mindset and psychology. EU bias was in short side today I entered trade early, price goes up rejected Yesterdays HVB close, and today Home session bar close. As soon as price came back to BE I closed the trade manually without thinking.
What that means specifically is that no single trade matters, you don't have to be right about every trade. What matters is that you have an edge and you grind it. VSA / HVC allows you to have high RR that is your edge and you have to let your edge play out. I think if you run a 2:1 RR anything over 33% win rate will be profit.
HVC allows you to find turning points, which means small stops and big moves.
- #93
- Edited 8:22pm Mar 1, 2022 7:47pm | Edited 8:22pm
- Joined Jan 2015 | Status: Trader | 1,460 Posts
USDCAD : Short. Lets see how this plays out. Upthrust at Yesterday's HVB close.{image} Edit: Closed trade manually as price is approaching TP and low. ended with some green pips{image}
AJ theres no trade here.
- #94
- Mar 1, 2022 8:04pm Mar 1, 2022 8:04pm
- Joined Jan 2015 | Status: Trader | 1,460 Posts
Trading HVC is really nothing more than trading S/R.
I really like this chart and how it shows that. You want to see price travel some distance away from the S/R then come back and test. Or you want to see price push through and then see further attempts for price to reject the support line.
I really like this chart and how it shows that. You want to see price travel some distance away from the S/R then come back and test. Or you want to see price push through and then see further attempts for price to reject the support line.
