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

  • #481
  • Apr 28, 2011 3:26am Apr 28, 2011 3:26am
Quoting courtneywild
Yes thanks for reminder,.

its the KISS principle...dont want to complicate things by looking at color of bars and trying to see things that may not exist...
  • #482
  • Apr 28, 2011 3:41am Apr 28, 2011 3:41am
resume...

long eu 4835
long gu 6687
short ec 8706 (this one is getting stinky...)

more or less all with the same setup, sl 30pips tp 35pips for all
Now time for me to go sleep...

See ya tomorrow guys!

Regards
brax64
  • #483
  • Apr 28, 2011 3:53am Apr 28, 2011 3:53am
Quoting ns_karthik
its the KISS principle...dont want to complicate things by looking at color of bars and trying to see things that may not exist...
totaly get that.... KISS yes please. MA in volume not the bars.

OK got to go to airport to pick up sister due in later...
Off till Tuesday...
Happy trading NSK and blessings for showing me a light at the end of the tunnel called forex... and it dosen't appear to be a on comming train.
  • #484
  • Apr 28, 2011 3:54am Apr 28, 2011 3:54am
Oh and cheers Brax... see ya next week
  • #485
  • Apr 28, 2011 3:55am Apr 28, 2011 3:55am
Quoting brax64
resume...

long eu 4835
long gu 6687
short ec 8706 (this one is getting stinky...)

more or less all with the same setup, sl 30pips tp 35pips for all
Now time for me to go sleep...

See ya tomorrow guys!

Regards
sleep? i thought u were in europe? anyway...good luck with the trades...
  • #486
  • Apr 28, 2011 3:56am Apr 28, 2011 3:56am
Quoting courtneywild
totaly get that.... KISS yes please. MA in volume not the bars.

OK got to go to airport to pick up sister due in later...
Off till Tuesday...
Happy trading NSK and blessings for showing me a light at the end of the tunnel called forex... and it dosen't appear to be a on comming train.
great courtney....so i guess u r going to enjoy next few days with ur family....good for u....and enjoy....and thanks for ur blessings....
  • #487
  • Apr 28, 2011 4:09am Apr 28, 2011 4:09am
exited longs...-32 in total...
  • #488
  • Apr 28, 2011 4:13am Apr 28, 2011 4:13am
Hi everyone

I opened a demo account to try this system a little.
Maybe I went in late today. I dont know but just went in:
long gu 1.6684
long eu 1.4852
short eg 0.89

just as i write gu hits SL
  • #489
  • Apr 28, 2011 4:16am Apr 28, 2011 4:16am
got caught out by the stop run...too bad...thats ok...241 pips for the day....done for the day.....
  • #490
  • Apr 28, 2011 6:08am Apr 28, 2011 6:08am
Did not go so well today. All three trades hit SL. -87pips total
Good it is a demo account
  • #491
  • Apr 28, 2011 6:47am Apr 28, 2011 6:47am
Quoting Stencool
Did not go so well today. All three trades hit SL. -87pips total
Good it is a demo account

good work buddy...dont lose heart...this method works....just need to keep at it...and u would be safer if u entered in the direction of the trend....my trades made during the London session also ended in loss...maybe we shouldnt have traded the London session considering that euro and pound had risen so much overnight...
  • #492
  • Apr 28, 2011 12:14pm Apr 28, 2011 12:14pm
Quoting pinoyboy;4578876<br /> [U
Key items here:[/u]

1 - Keep eye on Fib
2 - Notice the low on the RSI within the MACD along with Volume - should of noticed a push not a pull volume.
3- I waited til it went to my opening long enough and my confidence on that is based on the RSI's sharp reversal and closing of the 4HR candle..
curious why you are even bothering to put the lagging indicators of MACD into this approach? original thread owner didn't see an need to include them...

VSA doesn't need a lagging indicator for it's success....

MACD is a derivative of price, not the other way around. If you want to know where is price going you look at price,spread & volume, not at price's derivative...

please post relevent to the topic ie 'trading vsa the way nsk does'
Catching a falling knife, no, I'm just trading the Gartley!
  • #493
  • Edited 12:52pm Apr 28, 2011 12:23pm | Edited 12:52pm
You're right C, and for that reason, I suppose I should start my own thread or journal here on FF- thanks for pointing it out. Sorry to Karthik to diluting the original method by adding my own method. I will say this, VSA is my primary indicator, but I prefer to use additional indicator for confirmation - I have higher success ratio with them (just see my own journal @wordpress) - it's like building a house, I have better results with right set of tools, not just hammer. I've seen other VSA "experts" get the reading wrong more often. Carry on in this thread, but for what it's worth, I do like the thread starter's approach and attitude better than the other VSA expert.

By the way, it finally reached final estimated TP and previous screenshot of said method erased from this thread.
  • #494
  • Apr 28, 2011 1:40pm Apr 28, 2011 1:40pm
Thanks for wishes Karthik, but this time I got broke -90 total... ouch!
Anyway it's part of the game, I got almost 150 with the last eu long so the balance is still +....

by the way I'm in BC (Canada, but I'm not Canadian), PST time zone (actually now PDT...) so GMT-7 for who is not familiar to play with time zones

Courtney enjoy your family and wish you good time!

Regards

Quoting ns_karthik
sleep? i thought u were in europe? anyway...good luck with the trades...
brax64
  • #495
  • Apr 28, 2011 2:15pm Apr 28, 2011 2:15pm
Quoting pinoyboy
You're right C, and for that reason, I suppose I should start my own thread or journal here on FF- thanks for pointing it out. Sorry to Karthik to diluting the original method by adding my own method. I will say this, VSA is my primary indicator, but I prefer to use additional indicator for confirmation - I have higher success ratio with them (just see my own journal @wordpress) - it's like building a house, I have better results with right set of tools, not just hammer. I've seen other VSA "experts" get the reading wrong more often. Carry on...
Which other VSA thread starter are you referring to? Also which other VSA "experts" do you see that get the reading wrong more often?

As a trader who only uses VSA I am just curious.
Today's zone = Tomorrow's opportunity!
  • #496
  • Apr 28, 2011 3:41pm Apr 28, 2011 3:41pm
Hey Pres,

When it comes to specific people / VSA thread starter, I'll let people here figure that out themselves (it's not you). It is all part of learning here and not intended to point fingers. My main point is that VSA along with a couple other things I use, I increase my odds of winning; it's all part of a personal toolbox that works for me. I chose this thread on VSA because the person seems very humble compared to others I saw. I've learn more from these type of people than the cocky ones who think they know it all.

Let's me put it another way. You notice here on FF that alot of people with 10+ vouches and appear to know alot in terms of trading and the science behind it? What if you ask them to open an account up for 2-3 months, even just DEMO and then let others evaluate the trades using Trade Explorer? You know what response you will most likely get? Screw off. Most will not want that challenge because it challenges their established false credibility. In my opinion, helping, and educating and mentoring is one thing, but actual performance is another. There should be separate vouches for helping and educating others, and a separate one for pure performance. Just my opinion of course...

Take care.
  • #497
  • Apr 28, 2011 11:24pm Apr 28, 2011 11:24pm
Quoting ChinaWombat
curious why you are even bothering to put the lagging indicators of MACD into this approach? original thread owner didn't see an need to include them...

VSA doesn't need a lagging indicator for it's success....

MACD is a derivative of price, not the other way around. If you want to know where is price going you look at price,spread & volume, not at price's derivative...

please post relevent to the topic ie 'trading vsa the way nsk does'

Thanks C for pointing out the relevant things...appreciate it....
  • #498
  • Apr 28, 2011 11:25pm Apr 28, 2011 11:25pm
Quoting pinoyboy
You're right C, and for that reason, I suppose I should start my own thread or journal here on FF- thanks for pointing it out. Sorry to Karthik to diluting the original method by adding my own method....
thanks for ur wishes pinoy...and no need to be sorry abt anything....i appreciate that u try out various things to see what works best for u....as i said, even i like the idea of using an oscillator like stochs to time the entries and exits better....
  • #499
  • Apr 28, 2011 11:30pm Apr 28, 2011 11:30pm
Quoting brax64
Thanks for wishes Karthik, but this time I got broke -90 total... ouch!
Anyway it's part of the game, I got almost 150 with the last eu long so the balance is still +....

by the way I'm in BC (Canada, but I'm not Canadian), PST time zone (actually now PDT...) so GMT-7 for who is not familiar to play with time zones

Courtney enjoy your family and wish you good time!

Regards
lemme be very honest...when u told me that u were in 3 trades, i felt that u were getting overconfident and that u had started overtrading...i may be wrong but am just telling u what i felt...

this method works best on GU and usually GU and EU move together (though not always) and so i use this on both....i believe that we can just restrict ourselves to these 2 pairs and we will do well...if we have more money, take a bigger lot on these pairs...

and for spreading the risk, what i do is that i have 3-4 strategies and i take trades on all strategies....that way, the risk is spread rather than putting all the risk on one strategy....most traders talk abt spreading the risk across pairs but i believe that more than spreading it across pairs, it is more abt spreading the risk across different strategies...cos if the strategy goes wrong, it goes wrong on all pairs...no point in using the same strategy across multiple pairs...so its more abt the strategy/system than the pair...


and apologies for thinking that u were european....since u were a fan of Rossi, i assumed that u were spanish....:-)...
  • #500
  • Apr 28, 2011 11:34pm Apr 28, 2011 11:34pm
Quoting pinoyboy
Hey Pres,

When it comes to specific people / VSA thread starter, I'll let people here figure that out themselves (it's not you)....
i think i know who u are talking abt...and u know what, i was banned from the thread by the thread starter (who was supposed to be my friend and we used to chat quite a bit on skype) cos i asked a few uncomfortable questions abt VSA on the thread...anyway...

this vouching system is BS in my opinion...it was started with a noble intention but it has been thoroughly misused...most guys with 10+ vouchers are those who give vouchers and take one in return...u will see that they have 12 vouches and would have given 20 vouches, 12 of those 20 vouches would have been for those who gave them the vouch....irrespective of how each one trades...its like 'i scratch ur back, u scratch mine'....
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