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Trading VSA the way NSK does

  • #121
  • Apr 14, 2011 2:18am Apr 14, 2011 2:18am
Quoting brax64
closed half position at 4472 (21 pips) sl at be... maybe can go down further..?
it could but it looks oversold right now...
  • #122
  • Apr 14, 2011 2:18am Apr 14, 2011 2:18am
Quoting courtneywild
Thank you I'll T&M EU/GB.

Thanks for the encouragement and I doubt I can teach you anything...

One thing I am learning is be patient and avoid overtrading (sorry thats two). These two are my inner struggles.
Not just your inner struggles, most traders have or have had these problems.....Karmo's famous Patience Pills help http://www.forexfactory.com/images/icons/icon6.gif
Attached Image
Trading Levels with WRBs
  • #123
  • Apr 14, 2011 2:19am Apr 14, 2011 2:19am
Knez,
there u have ur live example from Brax !!
  • #124
  • Apr 14, 2011 2:19am Apr 14, 2011 2:19am
Quoting Islander
Not just your inner struggles, most traders have or have had these problems.....Karmo's famous Patience Pills help http://www.forexfactory.com/images/icons/icon6.gif
lol, indeed....
  • #125
  • Apr 14, 2011 2:34am Apr 14, 2011 2:34am
nsk,

yes, I saw it .... thank you Brax.




Quoting ns_karthik
Knez,
there u have ur live example from Brax !!
  • #126
  • Apr 14, 2011 2:38am Apr 14, 2011 2:38am
NSK = Did you mean the chart and explanation of the GBUSD trade which I took earlier? The 16 pips?
I haven't placed a trade on the EU today.



Quoting ns_karthik
Courtney,
u seem to have picked this well...i guess we all missed a potential short on the euro abt 3 hrs back...can u post the 15M chart of that and explain how we could have traded it? sorry for burdening u but once u post things and write down trades, thats when u learn the best....
  • #127
  • Apr 14, 2011 2:40am Apr 14, 2011 2:40am
Islander, Can you buy them in Boots the Chemist. lol



Quoting Islander
Not just your inner struggles, most traders have or have had these problems.....Karmo's famous Patience Pills help http://www.forexfactory.com/images/icons/icon6.gif
  • #128
  • Apr 14, 2011 2:47am Apr 14, 2011 2:47am
Quoting courtneywild
NSK = Did you mean the chart and explanation of the GBUSD trade which I took earlier? The 16 pips?
I haven't placed a trade on the EU today.
nah...all of us,except Brax, missed the trade on EU....i wanted u to explain it but never mind...Brax already posted his chart...
  • #129
  • Apr 14, 2011 2:48am Apr 14, 2011 2:48am
Quoting brax64
sold EU at 7:37GMT after stall at resistance and decreasing volume, SL just above the swing high
Brax,
awesome trade for u....hope u made good pips...and hope that everyone understands the potential of this method now....EU is + 60 pips now if Brax had held on to the trade...
  • #130
  • Apr 14, 2011 3:21am Apr 14, 2011 3:21am
Quoting brax64
sold EU at 7:37GMT after stall at resistance and decreasing volume, SL just above the swing high
Brax64,

can you share the indicators in the chart if possible?

thanks
  • #131
  • Apr 14, 2011 3:26am Apr 14, 2011 3:26am
Booked 60 pips in EURJPY ...

Thanks friend....
  • #132
  • Apr 14, 2011 3:40am Apr 14, 2011 3:40am
see...thats the power of this system...sometimes, it helps u catch the absolute bottom and the absolute top of a trend...and it doesnt require an expert to catch the trade...

for eg., i missed the trade today but Brax, who just learned this system 2-3 days back, caught the top of the euro...right at the top at 1.4500....and it could still be running....

thats the advantage with this method...its so simple that even newbies can easily understand and trade the basics with good success...more practice and study helps to make u even better at this..
  • #133
  • Apr 14, 2011 4:01am Apr 14, 2011 4:01am
arunsideas

Is it possible you could post the chart of the trade please. thank you



Quoting arunsideas
Booked 60 pips in EURJPY ...

Thanks friend....
  • #134
  • Apr 14, 2011 4:24am Apr 14, 2011 4:24am
Quoting courtneywild
Islander, Can you buy them in Boots the Chemist. lol

Karmo tells me that only the Dubai branch stocks them......http://www.forexfactory.com/images/icons/icon10.gif
Trading Levels with WRBs
  • #135
  • Apr 14, 2011 4:25am Apr 14, 2011 4:25am
Quoting courtneywild
arunsideas

Is it possible you could post the chart of the trade please. thank you
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 121 KB


I am not expert in VSA ... so I just confrim with currency correlation ....

Regards

Arun...
  • #136
  • Apr 14, 2011 4:28am Apr 14, 2011 4:28am
Posted elsewhere...........

The UHV in that semi hammer was IMO a warning that profit takers / buyers were active, but VSA signals are "leading" and its taken another hour to get a possible turn off MR 1 / earlier support.

I bought in the bullish engulfing candle for a potential bounce into NY open.....TWT
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1302779942
Trading Levels with WRBs
  • #137
  • Apr 14, 2011 4:50am Apr 14, 2011 4:50am
currently in GU and +15 pips.

Its heading towards a 6/8th MM major resit line but I'm just going to let it run and see how it pans out as the volume seems to be supporting the up move
QUESTION Is that making sense or otherwise re reading the volume?

It will likley reverse so moved my SL to BE which is premature but its all a test at this stage.

I am finding a average of 15 pips is about the max before a retrace.
Attached Image (click to enlarge)
Click to Enlarge Name: Example 6.jpg Size: 168 KB
  • #138
  • Apr 14, 2011 4:53am Apr 14, 2011 4:53am
attached is the 15M chart for GU....here is another tip...it has fallen a lot and has retraced a bit...look at point B...even when there is a huge fall, there is no upmove in the volume MA...what this typically means is that the bottom so far would not mark a reversal and all we are going to get is a retracement and not a reversal....which in turn means that there is some more downside possible...

if there is going to be a reversal and if there is going to be a big upmove after the big downmove, then we would see a spike in the volume MA, as we saw in the point A...B shows much lesser volume than A despite the big fall which means that the buyers are not stepping in in large numbers to stop the fall...hence more downside is possible...

its the same case with euro as well..
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #139
  • Apr 14, 2011 4:55am Apr 14, 2011 4:55am
Quoting courtneywild
currently in GU and +15 pips.

Its heading towards a 6/8th MM major resit line but I'm just going to let it run and see how it pans out as the volume seems to be supporting the up move
QUESTION Is that making sense or otherwise re reading the volume?

It will likley reverse so moved my SL to BE which is premature but its all a test at this stage.

I am finding a average of 15 pips is about the max before a retrace.

courtneyyy!!!! i am amazed at how quickly u have picked up this whole thing....wow!!
  • #140
  • Apr 14, 2011 5:25am Apr 14, 2011 5:25am
currently in GU and +15 pips.
Nice, I was in too.....
Its heading towards a 6/8th MM major resit line but I'm just going to let it run and see how it pans out as the volume seems to be supporting the up move
QUESTION Is that making sense or otherwise re reading the volume?
On my 5m chart I had a high vol shooting star up into the MR 2 / fib 50% retrace ~ 6325 and that held price for a pull back to the confluence of yesterdays high and R1. My TP was there as I was having lunch!

It will likley reverse so moved my SL to BE which is premature but its all a test at this stage.
For KISS, I trail a stop behind each 5m candle
I am finding a average of 15 pips is about the max before a retrace.
Possibly during a move when you get a small flag /pennant pull back, but IMO more than 15 pips in a real retrace, that's when fibs help - now at the NY Open it hit fib 61.8% - then made 5m tweezers.....
Trading Levels with WRBs
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