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Trading VSA the way NSK does

  • #741
  • May 9, 2011 10:46pm May 9, 2011 10:46pm
... for the same reason I'm long on eu at 4281 sl 4245

Quoting ns_karthik
increasing volume MA....price falling near support...stalling...long on GU at 6372....
brax64
  • #742
  • May 9, 2011 11:47pm May 9, 2011 11:47pm
Hi good morning NSK Brax and crew

long eu 4297

GU
buy limit order set at 63647
buy stop set at 63826
  • #743
  • May 9, 2011 11:53pm May 9, 2011 11:53pm
Good morning Courtney how are ya today...
brax64
  • #744
  • Edited 11:59pm May 9, 2011 11:58pm | Edited 11:59pm
Quoting brax64
Good morning Courtney how are ya today...
great but working on improving ... u.

looking forward to...
learning, pip gathering and relaxing from captain of the ship

eu +18

gu buy limit nor buy stop hit... faffing around in the middle with dropping V

change that...

GU buy stop hit 63826
  • #745
  • Edited 12:11am May 10, 2011 12:01am | Edited 12:11am
Hi Courtney, Can you explain why the Long setup on GBPUSD?
Isnt M15 volume dropping on the price rise?
Thanks
Rob

Postcript +6 Short GBPUSD from 1.63849 off resistance from POC - Thanks Karthik
  • #746
  • Edited 12:16am May 10, 2011 12:03am | Edited 12:16am
me too I'm studying.. i did try an experiment earlier during the Asian session but I got stopped out because too tight stop anyway I got 21 pips.
Now I'm following eu and gu both long.
In eu I started trailing 25 pips and gu is not really having a nice move, I'll wait a little but if nothing happen I'll close the position.

update, 07:12gmt close gu at 6371 (0)

update, 07:15gmt close eu at 4321 (+36)
Attached Image (click to enlarge)
Click to Enlarge Name: volumetrade.jpg Size: 181 KB
brax64
  • #747
  • May 10, 2011 12:04am May 10, 2011 12:04am
Quoting tacoman
Hi Courtney, Can you explain why the Long setup on GBPUSD?
Isnt M15 volume dropping on the price rise?
Thanks
Rob

Rob,
can u post a chart.....i would like to see the volume drop with price rise...
  • #748
  • May 10, 2011 12:05am May 10, 2011 12:05am
Quoting courtneywild
great but working on improving ... u.

looking forward to...
learning, pip gathering and relaxing from captain of the ship

eu +18

gu buy limit nor buy stop hit... faffing around in the middle with dropping V

change that...

GU buy stop hit 63826

good going mate...missed the EU....
  • #749
  • May 10, 2011 12:15am May 10, 2011 12:15am
Quoting ns_karthik
good going mate...missed the EU....

thanks NSK.

EU locked in +10 Ptarget 30 currently +24

GU after entry V dropping with price -20 I think its take my stop
  • #750
  • May 10, 2011 12:16am May 10, 2011 12:16am
it did!
  • #751
  • May 10, 2011 12:17am May 10, 2011 12:17am
stop everything just before the reverse...


Quoting brax64
me too I'm studying.. i did try an experiment earlier during the Asian session but I got stopped out because too tight stop anyway I got 21 pips.
Now I'm following eu and gu both long.
In eu I started trailing 25 pips and gu is not really having a nice move, I'll wait a little but if nothing happen I'll close the position.

update, 07:12gmt close gu at 6371 (0)

update, 07:15gmt close eu at 4321 (+36)
brax64
  • #752
  • May 10, 2011 12:19am May 10, 2011 12:19am
-30 on the GU long...
  • #753
  • Edited 12:26am May 10, 2011 12:24am | Edited 12:26am
Quoting tacoman
Hi Courtney, Can you explain why the Long setup on GBPUSD?
Isnt M15 volume dropping on the price rise?
Thanks
Rob

Postcript +6 Short GBPUSD from 1.63849 off resistance from POC - Thanks Karthik
Hi Rob

Chart attached. Price down volume up at time i placed buy.

I let it run out to stop but in reality should have cut when following V bars dropped showing unsupported up move ..

Cheers Rob.
Attached Image (click to enlarge)
Click to Enlarge Name: example 23.jpg Size: 75 KB
  • #754
  • May 10, 2011 12:27am May 10, 2011 12:27am
Quoting ns_karthik
-30 on the GU long...

-26 gu
+10 eu
  • #755
  • May 10, 2011 12:32am May 10, 2011 12:32am
Quoting brax64
stop everything just before the reverse...
smart.
  • #756
  • May 10, 2011 12:33am May 10, 2011 12:33am
nice stop run on GU....we should be heading up now based on the bullish daily pin....
  • #757
  • May 10, 2011 12:34am May 10, 2011 12:34am
now we have red volume bars indicating possible start of up move

Don't you just love the forex.
  • #758
  • May 10, 2011 12:35am May 10, 2011 12:35am
Went short on the Red M15 candle with the vertical London Open dashed line. Maybe I was lucky. I was using the POC as resistance.
Still learning , any advice welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 95 KB
  • #759
  • May 10, 2011 12:45am May 10, 2011 12:45am
Time to sleep for me, in 5 hours I'll have to go to work...

for today 36+21 = 57.... better then a kick in the teeth

See ya tomorrow guys, and keep going with the great job master!
brax64
  • #760
  • May 10, 2011 1:13am May 10, 2011 1:13am
Quoting tacoman
Went short on the Red M15 candle with the vertical London Open dashed line. Maybe I was lucky. I was using the POC as resistance.
Still learning , any advice welcome.

hi taco....u caught it well...but heres how i see it....when i see price going down and volume rising up followed by a stage when volume goes down but price not moving much, i would consider it as cleaning up of orders before the move up....it means that the big boys want to clean up all the orders in the same price range...since the orders within a range would become less and less as time goes on, u see lessening volume.....

it was good for u that the price went down on a stop hunt but i would see this as clearing of existing orders b4 a move up...i will go thru the charts and see if i can find any more such situations....
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