A pure sine wave is not drawn even on the older timeframes.
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VSA-divergence trading 187 replies
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DislikedKnocked out 30 more trades of backtesting and still hovering around breakeven. I grabbed the charts of a handful of my losers and attached them. Curious if I can get some feedback on potential ways that I'm missing the forest for the trees w/ these stop outs... Any obvious repeatable mistakes or rules you have that would've kept you out of these trades? {image} {image} {image} {image} {image} {image}Ignored
Disliked4761954 1 climatic action, bar closes in the middle on high volume 2 as price rises volume drops off 3 blue bars price closing high, low volume = no buying or no demand for higher prices. 4 key reversal bar high top tale, closing lower than the previous 4 bars (and some) 5 another very high volume bar, look at the next bar, if they were interested in higher prices why has the next bar made no progress? (Closed in the middle) 6 blue bar again low volume no interest in higher prices or no demand. {image}Ignored
Disliked{quote} Examples 1 and 2 should be traded as strength. Wide spread up bar marking price up with price continuing to push higher than the high of the WRB is strength. Wait for price to stall at the mid point, you might miss the bus if price tests the high of the WRB high then continues up. Example 3 is weakness, weak close off the highs plus you can see the up move already in place behind the bar. It makes sense to see selling here. Example 4 buy as pricw tests the mid point of the shake out on the lows. Fuck example 5, is there weakness on the highs...Ignored
Disliked{image} Curious how others would classify the most recent Daily bar on the S&P 500? Here's the two scenarios that come to mind for me: A part of me frames it as a no-supply down-bar that suggests bullishness. Things feel a bit more mixed when I take the rest of the chart in context: No Demand at the all-time highs last week led to a selloff -> EvR two days ago showing potential accumulation which is confirmed w/ the next bar up (2-Bar Reversal vibes) -> a rejection at the axis line showing higher prices seem less likely for the time being. Since...Ignored
Disliked{quote} I hate that type of bar on daily, I've seen webinars where Tom has called that weakness and other times he called it strength.Ignored
Disliked{quote}Context wise nasty 2 bar reversal on weekly and price has remained above the close of the down bar.. So still looking for only longs. With that in mind, as long as price stays above that daily close then look for longs. If price falls below the close I'd look for something else to trade.Ignored
DislikedHello everyone, long time lurker here. So I've been trading Forex for some years now, but without much success. I started before the Pandemic and had some success in the beginning but as quickly it came it went away even faster. Ever since I've been trying to dig myself out of the hole but to no avail. Since the pandemic, I feel the market is a lot more tame and the volatility is missing. The daily ranges are a lot smaller as compared to pre-2020. I have made only a handful of trades per year since then, and I close those out almost always at BE....Ignored
DislikedHello everyone, long time lurker here. So I've been trading Forex for some years now, but without much success. I started before the Pandemic and had some success in the beginning but as quickly it came it went away even faster. Ever since I've been trying to dig myself out of the hole but to no avail. Since the pandemic, I feel the market is a lot more tame and the volatility is missing. The daily ranges are a lot smaller as compared to pre-2020. I have made only a handful of trades per year since then, and I close those out almost always at BE....Ignored
DislikedHello everyone, long time lurker here. So I've been trading Forex for some years now, but without much success. I started before the Pandemic and had some success in the beginning but as quickly it came it went away even faster. Ever since I've been trying to dig myself out of the hole but to no avail. Since the pandemic, I feel the market is a lot more tame and the volatility is missing. The daily ranges are a lot smaller as compared to pre-2020. I have made only a handful of trades per year since then, and I close those out almost always at BE....Ignored