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Attachments: Trading VSA the way NSK does
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Trading VSA the way NSK does

  • #181
  • Apr 15, 2011 3:19am Apr 15, 2011 3:19am
Quoting Islander
Agreed, I have another hour before I put on my Captain's Cap and get involved with boating for the weekend, so I'll see if I can find another trade.....a lower high around its days open level in € would be a nice sell......TWT

cool mate....i am very tired and sick...so just watching and doing some business development...:-)...
  • #182
  • Apr 15, 2011 3:19am Apr 15, 2011 3:19am
Good morning all.

Well, I gave up trading Fridays as I mostly fed pip gobbler.
However due to trying NSK (so far mesmersingly simple pip pulling machine) I decided look at the charts today and bagged 2 profitable trades.

How I traded this system (chart attached)

Place a vertical L where volume changed direction
check V direction from VL
Draw Linnier P channel from the V line to current bar to determine direction of price.
P= down V = up so place a Buy stop at the previous high bar.

Anyway considering I moslty give pips back to pip gobbler on Fridays I am astonished I just took..

GU +21 closed
EU +10 hit my stop after i moved it to +10
I could have taken more but its Friday and gobblers lerking in the undergrowth...

Summary results from Wednesday 13th to Today Friday 15th

GB/USD
1 +5 stop hit
1 +6 stop hit
1 +17 TP
1 +30 TP
1 +21 TP

EUR/USD
1 +15 TP
1 +20 TP
1 +10 Stop hit

EUR/GB
1 - 20 Stop hit.

9 trades 8 wins +124 -20 total 104 pips.

Next weeks objectives.

 

  1. Learn more from NSK about Volume as it's still a little "weird" on times.
  2. Read Master the Markets so I can improve and contribute more to this great thread NSK has provided
  3. Take plenty of Islanders recommended pills
  4. Resist at all costs adding any new indis to this system
  5. Avoid greed and haste.

Right no more trades for me today regardless of "what appears to be no brainers".

Attached Image (click to enlarge)
Click to Enlarge Name: Example 9.jpg Size: 156 KB
  • #183
  • Apr 15, 2011 3:21am Apr 15, 2011 3:21am
Shorted the EU last night at 872. On my graph theres a huge buying climax that kisses my resistance and misses 1.4500. So still on my short. On the h4 charts at 16:00 theres also fake up bar, its wide spread with low volume. To me this screammsssss reversal.

Graph of my h1 below

S~
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 35 KB
  • #184
  • Apr 15, 2011 3:27am Apr 15, 2011 3:27am
Quoting ns_karthik
cool mate....i am very tired and sick...so just watching and doing some business development...:-)...
sorry to hear - best to try and take time off and get better....

€ did make a LH, so sold it and cable an = high, so sold that too, so few more pips will be pirated to finish my week http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #185
  • Apr 15, 2011 3:31am Apr 15, 2011 3:31am
Quoting Shadip
Shorted the EU last night at 872. On my graph theres a huge buying climax that kisses my resistance and misses 1.4500. So still on my short. On the h4 charts at 16:00 theres also fake up bar, its wide spread with low volume. To me this screammsssss reversal.

Graph of my h1 below

S~
Sold at 493, it seemed to bounce of that fib really hard! Maybe a good place to load up longs?
  • #186
  • Apr 15, 2011 3:32am Apr 15, 2011 3:32am
Quoting courtneywild
Good morning all.

Well, I gave up trading Fridays as I mostly fed pip gobbler.
However due to trying NSK (so far mesmersingly simple pip pulling machine) I decided look at the charts today and bagged 2 profitable trades.

How I traded this system (chart attached)

Place a vertical L where volume changed direction
check V direction from VL
Draw Linnier P channel from the V line to...

ahaa...there u are....was wondering where you were....was quite sure that u were making pips when all of us were making it too...

u have a nice plan for next week....anyone needs any help, feel free to PM me...would be glad to help...
  • #187
  • Apr 15, 2011 3:36am Apr 15, 2011 3:36am
Quoting Islander
sorry to hear - best to try and take time off and get better....

€ did make a LH, so sold it and cable an = high, so sold that too, so few more pips will be pirated to finish my week http://www.forexfactory.com/images/icons/icon6.gif

cool mate...u seem to be making loads of pips...:-)
  • #188
  • Apr 15, 2011 3:41am Apr 15, 2011 3:41am
this week has been especially good for this system....but pls note that all weeks wouldnt be like this...and thats when ur caliber as a trader will be truly tested,....
  • #189
  • Apr 15, 2011 3:44am Apr 15, 2011 3:44am
Yes am here but now hidding from pip gobbler.

I need to learn more and Shadip made an interesting observation regarding a bar with a big move and low volume... I've taken that on board.

Hope you get well soon ... best to rest with a large glass of whisky!

I'm closing down now and will speak next week. Thank you.



Quoting ns_karthik
ahaa...there u are....was wondering where you were....was quite sure that u were making pips when all of us were making it too...

u have a nice plan for next week....anyone needs any help, feel free to PM me...would be glad to help...
  • #190
  • Apr 15, 2011 3:48am Apr 15, 2011 3:48am
Quoting courtneywild
Yes am here but now hidding from pip gobbler.

I need to learn more and Shadip made an interesting observation regarding a bar with a big move and low volume... I've taken that on board.

Hope you get well soon ... best to rest with a large glass of whisky!

I'm closing down now and will speak next week. Thank you.

what Shadip has said is more into VSA the way others trade...if u wanna trade that way, u can have a look at Malc's thread....

whiskey?? well, i dont drink or smoke...just coffee for me...:-)..
  • #191
  • Apr 15, 2011 4:01am Apr 15, 2011 4:01am
A last chart showing the lower volumes into the 10:15 retest of the earlier highs.....an easy sell for the drop back to support around todays DP - again on falling vols, so bank those pips as they're extra slippery on Friday's http://www.forexfactory.com/images/icons/icon12.gif
Attached Image (click to enlarge)
Click to Enlarge Name: apr 15 gu 5m 1055 cet.gif Size: 17 KB
Trading Levels with WRBs
  • #192
  • Apr 15, 2011 4:02am Apr 15, 2011 4:02am
Quoting ns_karthik
what Shadip has said is more into VSA the way others trade...if u wanna trade that way, u can have a look at Malc's thread....

whiskey?? well, i dont drink or smoke...just coffee for me...:-)..

Yeah, its kinda differing from yours NS. Well thats what I've noticed and I've been lurking the thread from the start (Y)

Today looks like wednesday and thursday. Huge amounts of volume on down bars. This is market weakness right? So we can expect more downside? Theres also a nice head and shoulders on all tf's up too 4H.
  • #193
  • Apr 15, 2011 4:02am Apr 15, 2011 4:02am
well, I take a big breath and I shorted both EU (from 4477) and GU (from 6360), closed both right now for +17 eu and +17 gu.

today eu +9 +17 = +26; gu +19 +17 = +36
yesterday eu +20 +80 = +100; gu -27

total +100 +26 +36 -27 = 135

NSK I think that I'm in debt with you.... I 've no word to say a proper thank you
I hope you can be close to us for another little while.

I'm calling this A WEEK!!!!!! (actually only 6/7 hours of work...)


Great week end to all guys/gals!
brax64
  • #194
  • Apr 15, 2011 4:05am Apr 15, 2011 4:05am
I voted 5* for this thread . Coz it added a new powerful weapon to my arsenal . Have a good weekend and good pips to all. I am out for weekend.
  • #195
  • Apr 15, 2011 4:09am Apr 15, 2011 4:09am
Quoting Islander
A last chart showing the lower volumes into the 10:15 retest of the earlier highs.....an easy sell for the drop back to support around todays DP - again on falling vols, so bank those pips as they're extra slippery on Friday's http://www.forexfactory.com/images/icons/icon12.gif
still not going fishing, mate? it is addictive...aint it?
  • #196
  • Apr 15, 2011 4:10am Apr 15, 2011 4:10am
Quoting Shadip
Yeah, its kinda differing from yours NS. Well thats what I've noticed and I've been lurking the thread from the start (Y)

Today looks like wednesday and thursday. Huge amounts of volume on down bars. This is market weakness right? So we can expect more downside? Theres also a nice head and shoulders on all tf's up too 4H.
yeah shadip...it does look like weakness but as i said yesterday, euro simply refuses to fall....and thats not a good sign for long term shorts...
  • #197
  • Apr 15, 2011 4:12am Apr 15, 2011 4:12am
Quoting courtneywild
Good morning all.

Well, I gave up trading Fridays as I mostly fed pip gobbler.
However due to trying NSK (so far mesmersingly simple pip pulling machine) I decided look at the charts today and bagged 2 profitable trades.

How I traded this system (chart attached)

Place a vertical L where volume changed direction
check V direction from VL
Draw Linnier P channel from the V line to current bar to determine direction of price.
P= down V = up so place a Buy stop at the previous high bar.

Anyway considering I moslty give pips back to pip gobbler...

kind of like a bit confusing...

u say volume increased, price decreaesed. but how do u know at what point the price decrease has exhausted, so that a reversal is going to occur and you go long ?? remember, your charts dont show any reversal candle patterns. so how did you decide when to enter the long ?


also, how many bars do you wait on the volume indicator before selecting an entry ? say the volume bars went up i.e. volume increased by 3 bars, is that enough, or we wait for a lot more bars to go up ?

perhaps KARTHIK can clarify the above points as well.

can anyone point me to the final edition of the volume indi and its settings.



thanks
  • #198
  • Apr 15, 2011 4:12am Apr 15, 2011 4:12am
Quoting brax64
well, I take a big breath and I shorted both EU (from 4477) and GU (from 6360), closed both right now for +17 eu and +17 gu.

today eu +9 +17 = +26; gu +19 +17 = +36
yesterday eu +20 +80 = +100; gu -27

total +100 +26 +36 -27 = 135

NSK I think that I'm in debt with you.... I 've no word to say a proper thank you
I hope you can be close to us for another little while.

I'm calling this A WEEK!!!!!! (actually only 6/7 hours of work...)


Great week end to all guys/gals!
awesome brady....very happy for u....u and courtney have picked this up very very well...but again, this wont work on all days...so be careful...

as for the debt, send me a bottle of juice from spain...will ya...lol...
  • #199
  • Apr 15, 2011 4:13am Apr 15, 2011 4:13am
Quoting Exciter135
I voted 5* for this thread . Coz it added a new powerful weapon to my arsenal . Have a good weekend and good pips to all. I am out for weekend.

thanks exciter...:-)
  • #200
  • Apr 15, 2011 4:17am Apr 15, 2011 4:17am
Quoting whatfx
kind of like a bit confusing...

u say volume increased, price decreaesed. but how do u know at what point the price decrease has exhausted, so that a reversal is going to occur and you go long ?? remember, your charts dont show any reversal candle patterns. so how did you decide when to enter the long ?


also, how many bars do you wait on the volume indicator before selecting an entry ? say the volume bars went up i.e. volume increased by 3 bars, is that enough, or we wait for a lot more bars to go up ?

perhaps KARTHIK can clarify the above...

hi whatfx....not sure whether courtney is around...so lemme try answering this..

u realise a price move (either up or down) has been exhausted thru price action...a pin bar, price move into SR region etc...that increases ur chance of a successful trade....as u know, nothing guarantees a successful trade...u just try to increase the odds in ur favor...

as for the number, there aint no specific number....its just a question of combining PA and the volume MA and u take a call based on that...it is indeed a bit subjective and thats why i havent tried programming it though i have been trading this for more than a year now...
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