lolpie thx, great videos!
There's old good test on EJ after slow day:
There's old good test on EJ after slow day:
Attached Image (click to enlarge)
Trade Using VSA (Volume Spread Analysis)
- #5,008
- Jan 27, 2010 12:32pm Jan 27, 2010 12:32pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
I'm not trading gold but i keep an eye because i trade aud.
If I'm allow to tell my view i can see
We will have reached the top 1225 and we start to go down so i will take sell not buy Very good Resistant 1150 sl above 1160 target 1100 and close half there.
If break 1100 as i think so we go down much (1035 - 9xx)
- #5,009
- Edited Jan 28, 2010 8:31am Jan 27, 2010 3:06pm | Edited Jan 28, 2010 8:31am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
- #5,010
- Jan 27, 2010 3:08pm Jan 27, 2010 3:08pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
- #5,012
- Jan 28, 2010 2:38am Jan 28, 2010 2:38am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #5,013
- Edited 10:11am Jan 28, 2010 8:13am | Edited 10:11am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
Taomql4, if you dont mind my asking....Do you use Hard stops or mental stops? just curious cuz you seem to get larger moves and from my experience you need good wiggle room to catch the bigger move.. I had alote of success NOT using stops in the past but when im wrong it cost me a fortune..
thanx
Depends!!! but i don't risk more than 3-5 % of my account .
i like the 30-40 Sl's(or recent swing high/low)
and if they Get hit, oh well, i get back in there
Esp. if am sure about the trade and if am pushing my account limits,
then its a suckie day and i shut down my platform.
i know 3-5 % seems small but as you grow Your account , You
will have more pips to play with. it just sucks in the beginning(lol) but
you have to stay disci[pline.
Don't care how much profit you are in on a trade- always breakeven so
you can play with house money..and as soon as you net 30-40 pips,
lock it in for the day--leave the rest(with new SL) and go watch a movie
.
- #5,014
- Jan 28, 2010 9:03am Jan 28, 2010 9:03am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #5,015
- Edited 10:22am Jan 28, 2010 9:23am | Edited 10:22am
- | Joined Sep 2007 | Status: Trader | 1,404 Posts
Hello
any comments from expierenced traders would be great as always
I went short after Bar Nr. 1 was confirmed.
But closed my trade as soon as i saw up bar Nr.2 with volume mainly the same as down bar.
What i done wrong or right... ?
Thank You.
Best,
Tom
any comments from expierenced traders would be great as always
I went short after Bar Nr. 1 was confirmed.
But closed my trade as soon as i saw up bar Nr.2 with volume mainly the same as down bar.
What i done wrong or right... ?
Thank You.
Best,
Tom
- #5,016
- Jan 28, 2010 9:30am Jan 28, 2010 9:30am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #5,017
- Jan 28, 2010 10:15am Jan 28, 2010 10:15am
Hello
any comments from expierenced traders would be great as always
I went short, but closed my trade as soon as i saw up bar ( HIGLIGHTED ) with volume mainly the same as down bar.
What i done wrong or right... ?
Thank You.
Best,
Tom
Im guessing you probably sold prior to the current bar closing?? if so
I had this problem also, so i set my volume bars to show after the close (as opposed to current tick) so i wouldnt get excited and enter/exit trades based on how i thought they would close
JMHO
If Mal, Dr G or Toamql4 can confirm this holla
thanx
- #5,018
- Jan 28, 2010 10:18am Jan 28, 2010 10:18am
- | Joined Sep 2007 | Status: Trader | 1,404 Posts
Hi,
i sold after last upbar.
I will repost picture.
Edit:
I sold after HIGHEST up bar confirm.
I closed my trade only when bar closed.
p.s. You can see it quite clearly also on chart, NinjaTrader is doing good job marking them very clearly
Edit 2:
If someone wants to say that there was another entry -I saw that there could be another entry - but this is not what i am asking now
Best,
Tom
i sold after last upbar.
I will repost picture.
Edit:
I sold after HIGHEST up bar confirm.
I closed my trade only when bar closed.
p.s. You can see it quite clearly also on chart, NinjaTrader is doing good job marking them very clearly
Edit 2:
If someone wants to say that there was another entry -I saw that there could be another entry - but this is not what i am asking now
Best,
Tom
Not claiming to be a VSA expert, but it looks like you shorted a bit late and closed a bit early.. If look a few bars back from your entry you got a solid NO Demand entry, as the pair moved lower you appearently sold on another No Demand Bar, the pair immediatley began to sell off on increasing volume..
Im guessing you probably sold prior to the current bar closing?? if so
I had this problem also, so i set my volume bars to show after the close (as opposed to current tick) so i wouldnt get excited and enter/exit trades based on how i thought they...
- #5,019
- Edited Jan 29, 2010 8:17am Jan 28, 2010 10:27am | Edited Jan 29, 2010 8:17am
- | Joined May 2006 | Status: Only one user name... | 1,367 Posts
Old Benjamin was right