Dislikedlong eu & ey
they were profitable on the way down, so maybe they can bounce a little for some pips
nope, stopped on both..Ignored
thanks China....ur contribution is highly appreciated...
and i hope it continues....:-).....for everyone's sake...
Hi all,
Just as i get in from work you guys are more or less done for the day
As stated in a previous post,for the time being i can only trade from this time onwards and maybe into 1hr of tokyo before i sleep for work next day....
This system is based around frankfurt/london open to 12gmt.....
What would you suggest i look at for my trading karthik?
I have completed your other thread now,and that seems like it can be traded any time,also very interested to know more about vsa but understand the topic is deep,any pointers karthik?
Keep up the fantastic work in this thread karthik coz its highly appreciated and also became entertaining earlier today from what i've read
Also like to thank brax64,courtneywild,arunsideas to name just a few,for their continued contribution,your postings are helping a lot
- #705
- May 9, 2011 8:29am May 9, 2011 8:29am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #706
- May 9, 2011 8:37am May 9, 2011 8:37am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Omi...if this thread is indeed about VSA then it is all about the background of what has happened that will show us what will happen. Porfessional money cannnot hide their footprints in the charts,
Think the down move Thursday was a surprise to me ? I posted in my vsa thread on wednesday that heavy supply had hit the market , highest in 3 months, the move did not start till the next day. I also noted same day top in oil as heavy supply entering market on a daily charts
I use 12 hour charts on spot, and daily charts on futures. My 12 hour chart runs LO to 1 hr before us stock market closes and catches MOST of the volume.
The 12 hr shows the pros intent, and the lower time frames give entries
The other issue you have is the time you can trade , each day london to us has a 120 pip range , or there abouts, last few days has been bigger, NOW maybe you can adapt that to tokyo open to tokyo open and maybe the range is still 120 pip.
so essentially what i suggest is really learn vsa , study background on higher times frames , do not worry about trading every day , instead figure out if there is selling or buying on the week, this will give you weekly direction and then you can take 200 pip of the average 340 pip weekly range for euro. Once you understand the pros intent the direction in which the weekly candle will close and the price is easy....
I mostly trade eu this way , gave up day trading as had no time for it, make about 600 pip a month (150 pip a week of the 340 pip move), average 5 to 10% a week on account, with very little hassle.
To really understand vsa get your hands on master the markets by tom williams and gavin holmes new book coming out may 16th , able to get it from tradeguider web site.
Think the down move Thursday was a surprise to me ? I posted in my vsa thread on wednesday that heavy supply had hit the market , highest in 3 months, the move did not start till the next day. I also noted same day top in oil as heavy supply entering market on a daily charts
I use 12 hour charts on spot, and daily charts on futures. My 12 hour chart runs LO to 1 hr before us stock market closes and catches MOST of the volume.
The 12 hr shows the pros intent, and the lower time frames give entries
The other issue you have is the time you can trade , each day london to us has a 120 pip range , or there abouts, last few days has been bigger, NOW maybe you can adapt that to tokyo open to tokyo open and maybe the range is still 120 pip.
so essentially what i suggest is really learn vsa , study background on higher times frames , do not worry about trading every day , instead figure out if there is selling or buying on the week, this will give you weekly direction and then you can take 200 pip of the average 340 pip weekly range for euro. Once you understand the pros intent the direction in which the weekly candle will close and the price is easy....
I mostly trade eu this way , gave up day trading as had no time for it, make about 600 pip a month (150 pip a week of the 340 pip move), average 5 to 10% a week on account, with very little hassle.
To really understand vsa get your hands on master the markets by tom williams and gavin holmes new book coming out may 16th , able to get it from tradeguider web site.
Hi all,
Just as i get in from work you guys are more or less done for the day
As stated in a previous post,for the time being i can only trade from this time onwards and maybe into 1hr of tokyo before i sleep for work next day....
This system is based around frankfurt/london open to 12gmt.....
What would you suggest i look at for my trading karthik?
I have completed your other thread now,and that seems like it can be traded any time,also very interested to know more about vsa but understand the topic is deep,any pointers karthik?...
Blogging daily now at www.volume.zone
- #708
- May 9, 2011 8:43am May 9, 2011 8:43am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
here is actual trade I took .. supply at London open hit eu hard , then several hours later I roll out of bed , see the weaknessi n the background , make coffee , watch the no vol on effort to rise and then watch another form
Omi...if this thread is indeed about VSA then it is all about the background of what has happened that will show us what will happen. Porfessional money cannnot hide their footprints in the charts,
Think the down move Thursday was a surprise to me ? I posted in my vsa thread on wednesday that heavy supply had hit the market , highest in 3 months, the move did not start till the next day. I also noted same day top in oil as heavy supply entering market on a daily charts
I use 12 hour charts on spot, and daily charts on futures. My 12 hour chart...
Blogging daily now at www.volume.zone
- #710
- May 9, 2011 8:50am May 9, 2011 8:50am
- | Commercial User | Joined May 2006 | 1,808 Posts
Hi all,
Just as i get in from work you guys are more or less done for the day
As stated in a previous post,for the time being i can only trade from this time onwards and maybe into 1hr of tokyo before i sleep for work next day....
This system is based around frankfurt/london open to 12gmt.....
What would you suggest i look at for my trading karthik?
I have completed your other thread now,and that seems like it can be traded any time,also very interested to know more about vsa but understand the topic is deep,any pointers karthik?
Keep...
hi omi, welcome back to the thread....keep ur questions coming...anyway...if these r ur timings (from US open to Tokyo open), then maybe u could try this very same method on 1H....the volume on the 1H usually peaks at this time.....using the same method, if price has fallen with price peak, then go long.....else, do the reverse....try it out...and backtest it well...i have found this to be decently successful as well...
Thanks karthik,will check it out
Did you mean volume peak in your quote above?
- #713
- May 9, 2011 9:05am May 9, 2011 9:05am
- | Commercial User | Joined May 2006 | 1,808 Posts
Thanks karthik,will check it out
Did you mean volume peak in your quote above?
sorry yes....volume peak...:-)...
- #716
- May 9, 2011 9:22am May 9, 2011 9:22am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
check my charts and vsa thread .... Kar also know me well. We used to chat on skype when I was a day trader 
volume on fx is tick volume....works great
volume on fx is tick volume....works great
Hi malcolm,
I would like to learn about vsa but dont know where to start,also read alot about fx not having true or accurate volume etc etc.....
What would you suggest i do to learn vsa.....I like karthiks trading style because its price based,be it mml , volume etc etc
Blogging daily now at www.volume.zone
for the method that i use, the broker doesnt matter....cos we dont use volume from specific bars but we use only average volume over many bars...so that smoothens out any differences in volume between specific bars....and this is specifically why i came up with this method rather than use VSA as suggested by others....
maybe i should write a book !!
Also,if im looking at 1hr,how much of a difference in pips should i be looking at,or is it something that just clearly jumps out at you i.e volume peaks or rises while price falls and finds support.......
stoploss is the same i take it?
- #718
- May 9, 2011 9:34am May 9, 2011 9:34am
- | Commercial User | Joined May 2006 | 1,808 Posts
I see,that makes sense now
Also,if im looking at 1hr,how much of a difference in pips should i be looking at,or is it something that just clearly jumps out at you i.e volume peaks or rises while price falls and finds support.......
stoploss is the same i take it?
SL cannot be the same...i usually place the SL below the last low for longs...vice versa for shorts...
Courtney.... this is vsa with NK no ?
why set a buy limit when you have clear weakness on the charts at top of london and the UP move had 2 x no demand type bars on ?
just asking if you understand vsa or r u using the JUST BECAUSE system . ?
Trading has been to simple last 4 weeks using pure s/r and vsa.
Hi MalcolmThanks for the question, I have some understanding albeit limited and its the system I am following.
The price was heading south along with volume at the time I placed the buy limit. I fiqured it would bounce of the support line (yellow) which it did but the interest in the upmove was flat so I took the 20 pips.
Always learning
I'm trying out limit order as mostly all of the few duff trades came from MOs. I also uses B/S order which proved better than M/O... I fiqure L/O get a better price and reduce the change of a duff one!
I hope this ramble makes sense.