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Trading VSA the way NSK does

  • #601
  • May 5, 2011 11:38am May 5, 2011 11:38am
Quoting ns_karthik
cool courtney....good for u...:-)

Thanks NSK but ... heres a hard lesson for me...below.

As you recall took +62 GU.

EUR got stopped out at -17 (my last post) and I questioned my stop being to near (fear of loss).
Anyway look at the chart attached and you will see my stop being hit then price dropping the way of my trade by a little 287pips.
You said stops at 30/40 I put it at 17...
Another lesson learned.

Visitors now returned home so back to the system.
Attached Image (click to enlarge)
Click to Enlarge Name: example 19a.jpg Size: 119 KB
  • #602
  • May 5, 2011 12:42pm May 5, 2011 12:42pm
Hi Courtney, welcome back...

by the way you are not the only one; I was short on eu from 4886, then it retrace a little; to me was looking not so good the short side so I closed the trade manually at -1... you can imagine when I woke up this morning and I sow this nice drop about 300 pips ....

anyway will be others occasions!!!!

Quoting courtneywild
Thanks NSK but ... heres a hard lesson for me...below.

As you recall took +62 GU.

EUR got stopped out at -17 (my last post) and I questioned my stop being to near (fear of loss).
Anyway look at the chart attached and you will see my stop being hit then price dropping the way of my trade by a little 287pips.
You said stops at 30/40 I put it at 17...
Another lesson learned.

Visitors now returned home so back to the system.
brax64
  • #603
  • May 5, 2011 1:07pm May 5, 2011 1:07pm
Quoting courtneywild
Thanks NSK but ... heres a hard lesson for me...below.

As you recall took +62 GU.

EUR got stopped out at -17 (my last post) and I questioned my stop being to near (fear of loss).
Anyway look at the chart attached and you will see my stop being hit then price dropping the way of my trade by a little 287pips.
You said stops at 30/40 I put it at 17...
Another lesson learned.

Visitors now returned home so back to the system.

lol....it happens....well except for the eurgbp trade, i took only a 20 pips profit on GU short....too bad for me...missed a huge move on euro....but happens....who knows...we might have shorted right at the top but there is no guarantee that we would have held on for 200 pips....we might have exited at 30 pips for all we know....!!
  • #604
  • May 5, 2011 1:08pm May 5, 2011 1:08pm
Quoting brax64
Hi Courtney, welcome back...

by the way you are not the only one; I was short on eu from 4886, then it retrace a little; to me was looking not so good the short side so I closed the trade manually at -1... you can imagine when I woke up this morning and I sow this nice drop about 300 pips ....

anyway will be others occasions!!!!
same thing for u as for courtney....i missed the euro drop but thats ok...for all we know, we might have shorted the top and exited with just 30...u never know !!
  • #605
  • May 5, 2011 1:09pm May 5, 2011 1:09pm
Quoting brax64
Excellent master...!
Any tips about this trade ? (we wanna know all your secrets...!!!! )

nothing special with this trade...took it based on the bearish pin bar on yesterdays daily !!
  • #606
  • May 5, 2011 1:15pm May 5, 2011 1:15pm
for all those who missed the euro move (including me)....relax !!!
Attached Image (click to enlarge)
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  • #607
  • May 5, 2011 2:10pm May 5, 2011 2:10pm
Quoting ns_karthik
for all those who missed the euro move (including me)....relax !!!
I din,

I must say nice thread here...NSK...anyway is me Kave (if u remember me back in "the other" VSA thread

U have make VSA very accessible...nice to see someone else doing VSA in FF...

Cheers!
  • #608
  • Edited 11:01pm May 5, 2011 5:41pm | Edited 11:01pm
Look at the Volume, let's see what the next day brings in Volume...

Buy at 1.4460 TP 1.4820 channel LONG.
Attached Image (click to enlarge)
Click to Enlarge Name: 5-5-2011 10-58-12 PM.gif Size: 35 KB
Attached Image
  • #609
  • May 5, 2011 11:35pm May 5, 2011 11:35pm
Quoting pinoyboy
Look at the Volume, let's see what the next day brings in Volume...

Buy at 1.4460 TP 1.4820 channel LONG.

thats a brave trade buddy....whats the SL?
  • #610
  • May 5, 2011 11:36pm May 5, 2011 11:36pm
good morning ladies and gentlemen !!
  • #611
  • May 6, 2011 12:11am May 6, 2011 12:11am
Good morning/afternoon/evening/night everybody

well... nothing will gonna happen 'till NFP?
How are ya today Karthik?
brax64
  • #612
  • May 6, 2011 1:12am May 6, 2011 1:12am
Quoting ns_karthik
for all those who missed the euro move (including me)....relax !!!
WOW that's the best so far NSK. truly wow.

Re the big move down EU yep your right of course ... at 30 pips or 50 I would have been pleased and cut n run.....
  • #613
  • May 6, 2011 3:11am May 6, 2011 3:11am
Quoting brax64
Good morning/afternoon/evening/night everybody

well... nothing will gonna happen 'till NFP?
How are ya today Karthik?
hey brax...am good....just came back from a meeting....no trades yet...1.45 is key for euro...clean break and down we go to 1.42...watching 1.45 and 1.4580 closely..
  • #614
  • May 6, 2011 3:12am May 6, 2011 3:12am
Quoting courtneywild
WOW that's the best so far NSK. truly wow.

Re the big move down EU yep your right of course ... at 30 pips or 50 I would have been pleased and cut n run.....
i told u that she's a stunner...:-).....more to come...wait and see...lol...
  • #615
  • May 6, 2011 3:24am May 6, 2011 3:24am
rising volume into support....long euro at 4517....tight stop....22 pips...
  • #616
  • May 6, 2011 3:40am May 6, 2011 3:40am
I've entered a bit earlier at 4537 sl 4505...
I need to learn a key phrase: "WAIT A MINUTE....!!!!!"
I think that I'll write on the wall beside the monitor....with a huge font.

I'm also long gu at 6370 sl 6345

Quoting ns_karthik
rising volume into support....long euro at 4517....tight stop....22 pips...
brax64
  • #617
  • May 6, 2011 3:49am May 6, 2011 3:49am
Quoting ns_karthik
rising volume into support....long euro at 4517....tight stop....22 pips...
Hi NSK

Yes long eur
Long GU rising V dropping price.
  • #618
  • May 6, 2011 4:02am May 6, 2011 4:02am
Quoting brax64
I've entered a bit earlier at 4537 sl 4505...
I need to learn a key phrase: "WAIT A MINUTE....!!!!!"
I think that I'll write on the wall beside the monitor....with a huge font.

I'm also long gu at 6370 sl 6345
brax y did u go long at 4537? chart pls...
  • #619
  • May 6, 2011 4:15am May 6, 2011 4:15am
took the long at the open of the candle with the yellow arrow; volume is rising price is dropping near to the last support; close also to 2/8 at 4526 and VZO near -60 oversold sign...
Attached Image (click to enlarge)
Click to Enlarge Name: volumetrade_eu.jpg Size: 116 KB
brax64
  • #620
  • May 6, 2011 4:24am May 6, 2011 4:24am
Quoting ns_karthik
brax y did u go long at 4537? chart pls...

today I am trading without using pending orders and going in at market price. Normaly I use a LR channel and set a pending order at previous break of LRC. So.....!
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