VSA Trading Journal

Short GBP/USD: +35 pips
Accumulated: +450

I don't normally trade on a bank holiday, but the setup here looked good, so I could not resist and took the trade. After holidays with low volume such as this one, I change the settings on the indicators to adjust for the lack of volume the following 1 or 2 days. I entered on the close of the bar in the yellow ellipse (pseudo-upthrust), and closed the trade after the close of the bar in the red ellipse.

You can see here the amount of No Demand bars showing and there would have been plenty of No Supply bars as well, but when I see weakness in the background I set the indicator to show me signs of weakness or possible signs of reversal; and not any trigger bars for an opposing direction trade. The large amount of these types of bars is due to the fact that it was a holiday in the US. This can also be used to show how you need to first study the background and set the indicator to show you only the bars that are congruent with what the background shows. Also how it is important to analyze the background and not jump in just because you a see a No Demand bar, it is important to keep in mind that background HAS to be taken into consideration ALWAYS.

Long GBP/USD: +30 pips
Short GBP/USD: +50 pips
Accumulated: 530 pips

I had not been trading the last days because volume acted somewhat unusual this week. It was very low on monday due to the holiday, Tuesday was back to normal. It was very high on wednesday, even during Asia, which is usually a low volume session, and back to normal yesterday. However, I took 2 trades today. First was a long after a No Supply bar, and later a short after an Up-Thrust. Both trades were a succes from the beginning as none of them went into losing territory. The second trade I held for 50 pips as price had a lot of momentum.

By the way, if everything goes according to planned, the release date for the system is going to be August 1st 2010. So for all those interested, please mark your calendar. Price has not been set yet.

Long GBP/USD: +30 pips
Accumulated: 560 pips

This was a fairly easy trade. Strength was in the background, diamonds were green and the test appeared on the bar inside the yellow ellipse. Took the trade with usual TP and SL and TP was hit during the same bar I opened the trade. It was a beautiful trade.

Please feel free to post or comment on the methodology or the trades.

Long GBP/USD: +30 pips
Accumulated: 590 pips

This setup is very similar to yesterday's setup. The strength was there, price had broken through a resistance line a returned down to test it. The entry was on the close of the No Supply bar inside the yellow ellipse. Price hit TP 3 bars later.

I've been getting some pretty good signals lately, and most importantly, I've had patience in waiting for the correct "trigger" bar to show up before entering the trade. There have been days where the bar never appeared, so I did not trade. It's been about discipline and patience.

Short GBP/USD: +40 pips
Accumulated: 630 pips

This trade was taken on the 5 min chart after seeing weakness on the 15 min chart. I took the short after the close of the bar inside the ellipse. It was an up bar on relative low volume so I took the trade. The system gave me the signal on the previous bar, but I preffered to wait for an indication of no demand. The take profit was reached quickly and I saw further opportunities to short, but I had already taken my money from the market so I just watched.

BTW, as you can see, the system has a new look. It also includes an application that gives out a brief description from each signal to aid you in determining whether to take the trade or not. I hope you guys like it. It should be ready on August 1st 2010 (if not before); so if you are interested drop me a PM, send me an email, or contact me in whatever manner you want. Please feel free to comment.

Short: GBP/USD +30 pips
Short: EUR/USD +30 pips
Accumulated: 690 pips

Two trades were taken this morning. The Euro trade was very fast, it took less than 15 minutes to close, it was taken on the 5 min chart after the no demand bar appeared during the downtrend. The GBP/USD took a little longer. In this screenshot you can see how it almost hit my TP and moved back up for a while, eventually the TP was hit around 1 hour and 15 minutes later. If you check your charts for this date you can see that price continued to head down. I was a little worried about that ultra wide spread downbar that closed near the middle. At the time of writing this post, the market is currently testing that low. I'm done for the day, so I will just watch and see what happens

Long GBP/USD: +13 pips
Accumulated: 703 pips

This trade was a risky trade of the kind I don't normally take. If you analyze the chart, there is an ultra wide range bar closing near the highs on high volume, which I interpreted as a bullish sentiment. I was expecting a test of that area, right now price is getting close to that area. So I went long on the indication of strength as shown by the green arrow. Three bars later, there was an upthrust (the red arrow is there, except it is out of the range of the chart). So I closed out my trade there with 13 pips. Another thing that influenced my decision to close it out is that we are at the top of a channel and I did not like the volatility that had been present earlier.

Long GBP/USD: +37 pips

Accumulated: 740 pips

This was a nice trade after No supply was identified by the indicator. This volume indicator is one of two volume indicators included when the Advanced system is purchased.

I apologize as the deadline was not met. The company I hired to finish up the programming did not deliver on time and this week is a national holiday, so hopefully it will be ready during this week or the following week at the latest. Please bear with me for a little while longer.

Long GBP/USD: +30 pips
Short GBP/USD: +30 pips
Accumulated 800 pips

Two trades were taken today. The first one was taken to the upside after seeing low volume tests and no supply around the 1.59 line. Took the trade after the close of the bar in the ellipse. The following was a short trade. As you can see there were several signs of weakness picked up by the system. Then there was an up thrust, but I waited for the trend to change and then took the trade after the close of that pseudo-upthrust. I call it "pseudo" because the high of the bar was not higher than the previous bar's high.

Long GBP/USD: +50 pips
Accumulated: 850 pips

This trade is a perfect example of how to relate background, VSA and news. When the NFP number was released, price was heading to an area of resistance. This can be seen on the 15 min chart attached. To go through this area, the market makers used the news in their favor and pushed price through with 2 ultra wide, ultra high volume upbars. This is an example of when a high vol upbar does not necessarily mean sellers are present. After pushing through the area there is a low volume test and that is where the trade was taken off the 5 min chart.

This is one of the things one has to look out for when anayzing the market and goes to show the importace knowing where previous areas of resistance are.

Short GBP/USD: +50 pips
Accumulated 900 pips

Took a short trade on the no demand bar inside the circle. Price still had to overcome some demand before it could drop like a rock like it eventually did. The trade was somewhat long, but well worth it. I even had patience when the diamonds changed color. Besides, I was asleep while that happened, I just set the SL and TP and went back to sleep.

Short GBP/USD (Aug 12): +30 pips
Short GBP/USD (Aug 13): +50 pips
Accumulated: 980 pips

The Aug 12 trade was a pretty basic one, entered short on that no demand bar once price had been trending down. The SL and TP were set at the usual 30 pips and the TP was hit.

The Aug 13 trade was a little bit more risky. In this case, the short was taken off and up-thrust which had crossed into the opposite side of the diamonds. I set the SL at 30 and the TP at 50. However, that is exactly what an upthrust is designed to do. It is meant to catch stops and trick traders into thinking a possible uptrend is coming. This upthrust was followed by 2 more upthrusts. I waited patiently even after the diamonds changed color, but it paid to be patient as price headed back down almost 70 pips from my entry.

how much will be your system?

Price will be determined in the following couple of days. I will let you know what it is once it has been set and the webstore has been setup.

Short EUR/USD: +30 pips
Accumulated 1010 pips

This was a simple trade, the trend was down and an up-thrust appeared. A short position was established with a 30 pip SL and TP. The TP was hit a moment before taking the snapshot.

For all those interested in the system, it is now for sale! The price was set at $265 and includes 8 indicators which cover many aspects of VSA and additional tools are included as well. A video course/mentorship program is also being offered for those that wish to learn VSA as well as have a set of indicators that aid you in interpreting the charts using this analysis method.

You can check out the new website, it is not completely populated yet as I might not be transferring all the files from the previous website to this one. You can check it out here:

www.mmakertrading.com

If you have any questions feel free to contact me.

Short GBP/USD +30 pips
Accumulated 1040 pips

This was another easy trade similar to yesterday's setup. The trend was down and an up-thrust appeared. This up-thrust did exactly what they are supposed to do. It was apparently breaking the trend as it went above the diamonds and closed back below them. The spread was not that wide, but it stll was an up-thrust. The system picked it up and went short there. As you can see, the trade went maybe 3-4 pips into losing territory and then fell and hit the TP of 30 pips.

I just want to remind you, since my last post was not made at my usual time of posting, that this system is now for sale! You can check it out at:

www.mmakertrading.com

Short GBP/USD +30 pips
Accumulated 1070 pips

This trade was taken while the trend was down. An Up-thrust appeared and after that an upbar on volume lower than the previous 2 bars appeared indicating no demand. I set the SL at 30 pips and TP at 30 pips as I had to leave my chart. When I cam back I found the TP had been hit and price continued to fall below where my TP had been set as a 2 bar reversal can be seen as the downtrend continued to develop. In the screenshot taken after the trade had closed, price had turned and was ranging in the high volume pivot area automatically determined by the system.

Short GBP/USD +30 pips
Short EUR/USD +20 pips
Accumulated 1120 pips

For the EUR/USD trade, the trade was taken after an up-thrust appeared while price was trending down. Price started to go against the position, but then a no demand bar appeared which reinforced the lack of buying and the downtred continued after that. When I checked the chart again, an hour before the NY session, I changed the TP to +20 and moved the SL to BE.


The trade for the GBP/USD was taken an hour before the NY session began, it was off an up-thrust with price trending down and possible weakness had been detected a couple of bars before the up-thrust. The SL and TP were set at 30 and the TP was eventually hit.

When using the mMaker system, it is important to use your discretion when deciding when to enter a trade. The EUR/USD chart is an example, I only trade with the trend, I do not trade every bar formation the system identifies, VSA is about background, and you must always consider that when using this form of analysis.

Short GBP/USD: +40 pips
Accumulated 1160 pips



While examining the chart during early London session, I found that the 5 min chart was too erratic to trade, so I went to a 15 min chart to get a clearer picture of what to trade. In this case, the overall trend was down and an Up-thrust appeared. That is where I took the trade, since I was trading the 15 min chart, I set the usual SL at 30 pips, but moved the TP to 40 pips. Price went up on the bar following the Up-thrust on higher volume which worried me a little. However price then closed on the lows with increasing volume. I therefore interpreted the combination of those 2 bars as a 2 bar up-thrust or top reversal, so I held on to the trade. The TP was reached 2 hours later. Price then came back up, but the system identified potential weakness on the up move with potential sellers bars and supply overcoming demand which eventually sent price down (75 pips). I had already taken my trade, so I did not trade that last downmove.

Long EUR/USD +30 pips
Accumulated 1190 pips


This trade was simple. The trend was up, and price took a break from the upmove . A No supply bar was detected by the system and that is where the long position was established with a 30 pip SL and TP. Price went 3 pips into losing territory before shooting back up and resuming its upmove hitting the TP only 25 minutes later. Price continued to move up an additional 60 pips from where profit was taken. This strong movement is somewhat unusual in the EUR/USD; I’d expect this to happen more often in the GBP/USD. In this case I took advantage of the move, and I’m glad I did.