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Trading VSA the way NSK does

  • #801
  • May 11, 2011 11:28pm May 11, 2011 11:28pm
Quoting brax64
Good morning volume traders, hope everything's fine for all of you.
Speaking about eu, seems to me that we having rising volume with falling price on support area (4170/4200), might be a sign of reversal but the main trend especially in the higher tf seems definitively bearish... I'm a bit confused, follow the trend or trying the reversal...?
Maybe Karthik could shows up with one of his wonderful hint?

Hi Brax and morning NSK

Reading much on VSA and the recent post by ARUN is excellent.

I have not been reading the PA V closley enough.
  • #802
  • May 11, 2011 11:39pm May 11, 2011 11:39pm
Quoting brax64
Good morning volume traders, hope everything's fine for all of you.
Speaking about eu, seems to me that we having rising volume with falling price on support area (4170/4200), might be a sign of reversal but the main trend especially in the higher tf seems definitively bearish... I'm a bit confused, follow the trend or trying the reversal...?
Maybe Karthik could shows up with one of his wonderful hint?

hi brax,
yes, i do see rising volume approaching support.....but the trend is hugely bearish, we may even see 4050 by end of today/tmrw....we can deal with this in many ways....either wait till price reaches 4170 and then try a small long with tight stop of 25 pips....or the better choice would be going long on GU which is obviously much stronger....

or alternatively, another good trade would be to wait till europ price reaches near 4230 and shorting it (i did one in the morning for 21 pips)...

trading is abt understanding market sentiment and choosing ur best trade...even though u might be trading 15M or 5M or even 1M, u have a better chance of success if u trade with the trend....
  • #803
  • May 11, 2011 11:40pm May 11, 2011 11:40pm
Quoting courtneywild
Hi Brax and morning NSK

Reading much on VSA and the recent post by ARUN is excellent.

I have not been reading the PA V closley enough.

hey courtney...hope u have a great time reading up stuff....
  • #804
  • May 11, 2011 11:41pm May 11, 2011 11:41pm
'morning Courtney,

I've had a look at that VSA extract from the Arun post (thanks for sharing Arun!) but I've to say that I'll need to find the time to go trough very closely 'cause, for me, at my actual level of knowledge on the argument, it's a bit complicated to put all the pieces togheter...


Quoting courtneywild
Hi Brax and morning NSK

Reading much on VSA and the recent post by ARUN is excellent.

I have not been reading the PA V closley enough.
brax64
  • #805
  • May 11, 2011 11:47pm May 11, 2011 11:47pm
thanks master, always really appreciated your thoughts!


Quoting ns_karthik
hi brax,
yes, i do see rising volume approaching support.....but the trend is hugely bearish, we may even see 4050 by end of today/tmrw....we can deal with this in many ways....either wait till price reaches 4170 and then try a small long with tight stop of 25 pips....or the better choice would be going long on GU which is obviously much stronger....

or alternatively, another good trade would be to wait till europ price reaches near 4230 and shorting it (i did one in the morning for 21 pips)...

trading is abt understanding market sentiment and...
brax64
  • #806
  • May 11, 2011 11:57pm May 11, 2011 11:57pm
still market seems to be bit confused on what it wants to do with eu and gu...
  • #807
  • Edited 12:03am May 12, 2011 12:03am | Edited 12:03am
Quoting ns_karthik
hey courtney...hope u have a great time reading up stuff....

Yes and taking ASPRIN at same time!

Getting through it those it raises more doubt at present.

I just cant see the long in GU you mentioned to brax... could you shine a lite on it for me please... thank you for your coninued guidance.
  • #808
  • May 12, 2011 12:12am May 12, 2011 12:12am
irrational against the trend.
logn eu at 42097
P =D V =U
double bottom on 1 hour chart
price rising on 15 min
  • #809
  • May 12, 2011 12:13am May 12, 2011 12:13am
Quoting courtneywild
Yes and taking ASPRIN at same time!

Getting through it those it raises more doubt at present.

I just cant see the long in GU you mentioned to brax... could you shine a lite on it for me please... thank you for your coninued guidance.

hi courtney....i did not say that we should be long on GU...i said that if we feel that the conditions r good for a long, i would be long GU than long EU...so far, no long looks good...

also, looking at eurgbp....it seems set for a rise which would mean that GU is set for a fall.....
  • #810
  • May 12, 2011 12:20am May 12, 2011 12:20am
Quoting ns_karthik
hi courtney....i did not say that we should be long on GU...i said that if we feel that the conditions r good for a long, i would be long GU than long EU...so far, no long looks good...

also, looking at eurgbp....it seems set for a rise which would mean that GU is set for a fall.....

Sorry ... I understand. I have to get the market setiment stuff sorted!

Thank you
  • #811
  • May 12, 2011 12:20am May 12, 2011 12:20am
Quoting courtneywild
irrational against the trend.
logn eu at 42097
P =D V =U
double bottom on 1 hour chart
price rising on 15 min

rounded bottom on 15M u may have a good trade in the works!!
  • #812
  • May 12, 2011 12:24am May 12, 2011 12:24am
On a techi note and sorry if this sounds pathetic but...

my fib lines only show levels on the lines IE 50 35 23.6
how do i get the actula price to show on the line as well please

EU long now at +12
  • #813
  • May 12, 2011 12:29am May 12, 2011 12:29am
as its against the trend locked in +12 with SL
  • #814
  • May 12, 2011 12:40am May 12, 2011 12:40am
Quoting ns_karthik
rounded bottom on 15M u may have a good trade in the works!!


SL hit Still +12 and quite a lesson in THINKING which requires more asprin
Attached Image (click to enlarge)
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  • #815
  • May 12, 2011 12:48am May 12, 2011 12:48am
Quoting courtneywild
On a techi note and sorry if this sounds pathetic but...

my fib lines only show levels on the lines IE 50 35 23.6
how do i get the actula price to show on the line as well please

EU long now at +12

Activate your fib tool, right click to open properties, click on the fib level Description and after a space add %$ to the appropriate number.

I too have taken a buy in € after it turned off its MS 1 pivot at 4182 for a typical Frankies Hour move.

PS The low was in a high volume 5m hammer - a good "heads up"
Trading Levels with WRBs
  • #816
  • May 12, 2011 12:50am May 12, 2011 12:50am
Quoting Islander
Activate your fib tool, right click to open properties, click on the fib level Description and after a space add %$ to the appropriate number.

I too have taken a buy in € after it turned off its MS 1 pivot at 4182 for a typical Frankies Hour move.
welcome to the thread Islander...
  • #817
  • May 12, 2011 12:50am May 12, 2011 12:50am
gu set a buy stop 63459
recent pin bar on 15m
P =D V=U
  • #818
  • May 12, 2011 12:58am May 12, 2011 12:58am
Quoting Islander
Activate your fib tool, right click to open properties, click on the fib level Description and after a space add %$ to the appropriate number.

I too have taken a buy in € after it turned off its MS 1 pivot at 4182 for a typical Frankies Hour move.

PS The low was in a high volume 5m hammer - a good "heads up"
Thank you Islander.
  • #819
  • May 12, 2011 1:02am May 12, 2011 1:02am
Quoting ns_karthik
welcome to the thread Islander...
Thanks - not quite "on topic", but trading around FO / LO is different as Medici and I showed many times in our thread http://www.forexfactory.com/images/icons/icon12.gif
Attached Image (click to enlarge)
Click to Enlarge Name: may 12 eu 5m 1000.gif Size: 20 KB
Trading Levels with WRBs
  • #820
  • May 12, 2011 1:03am May 12, 2011 1:03am
gu buy stop hit .63459
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