TradeGuider VSA and Trend Line Analysis | Forex Factory

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TradeGuider VSA and Trend Line Analysis

  • #1
  • First Post: Edited 8:52am Jul 12, 2011 7:26am | Edited 8:52am
I have been working with VSA for the last year and Trend Line trading for over 3 years. I recently took advantage of the opportunity to purchase the real TradeGuider RT V4 charting platform (as opposed to leasing it) as oppose to just viewing the MetaTrader4 Better Volume 1.4 indicator. It has made a world of difference in just one week. I will be using this thread as trade journal to track my trades and major set ups and to post insights that I may have on specific pairs along with the ability to have some post trade discussion. I trade mostly EUR/USD, AUD/USD, GBP/USD, and EUR/JPY with 4hour and 1hour charts. I trade privately for myself and also remotely for a proprietary trading firm based out of Chicago.

***on my 1 hour charts I also use Weekly/Daily pivots, MML (For Price targeting,overshoot levels), 13EMA for trending, also 144EMA and 200EMA

Good Luck To All,
RyanRapa
  • #2
  • Jul 12, 2011 8:48am Jul 12, 2011 8:48am
Here is a trade from Sunday night, Short of Aussie at 1.0710, with stop above the Weekly Pivot 1.0740. Targeting the top of the 4 hour trend channel. With the momentum of the hourly trend break and very solid risk:reward it was a no brainer trade. Especially when a SOW 199 NO DEMAND alerted on the hourly. On the target price, I was using the 4 hour trend line, a 161.8 fib extension from last move up, and WS2 pivot. I exited right around 1.0580. It ended up pushing to WS3 only to run into some stopping volume but I missed that entry this morning. Just an example of whats to come in my thread, also still trying to figure out how to save the TradeGuider chart to upload, might just have to do a screen shot image because i cant find any save options like MT4.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud 4h.jpg Size: 352 KB
Click to Enlarge Name: aud 1h.jpg Size: 333 KB
  • #3
  • Jul 12, 2011 11:10pm Jul 12, 2011 11:10pm
Shorted Aussie 1.0630, stop 1.0646, target new lows into the 4 hour channel. The Hourly is still trend up on TG, but playing a Up Thrust with weakness in the background that happened 4 hour bars ago. And a failed attempt to run through 45s this hour. The risk reward is very solid. Lower volumes the last 2 hours on attempts to rise above previous tops. See everyone in the morning
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD 1h.PNG Size: 71 KB
Click to Enlarge Name: aud 1h.jpg Size: 317 KB
  • #4
  • Jul 13, 2011 11:29am Jul 13, 2011 11:29am
Took small loss on aussie short trade. I did not take in consideration all time frames on that trade, some very strong up trend support on the daily chart was coming into play. I also lost a couple pips on a random gbp short at 1am, I moved stops for minimal loss after i was up 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: aud daily.jpg Size: 307 KB
  • #5
  • Jul 13, 2011 12:10pm Jul 13, 2011 12:10pm
That aussie trade was a random risk reward play that wasnt totally within my normal trade parameters. This morning at 9am, the euro was trending positive on medium and short term on 15m,30m, and 1h time frames on trade guider. I bought into the close of the 9am candle, with 13 ema as support and past channel trend lines as support. Plus i was figuring Bernanke would have to talk about QE3 today and send the stock market higher. I shorted 1.4041 and exited on close on 10am candle 1.4157,(going into news I was up about 20 pips and had my stops near break even) little under my overall target of 4170 area.

Now to see where things settle in the rest of the week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR 1h TG.jpg Size: 183 KB
Click to Enlarge Name: eur 1h mt4.jpg Size: 281 KB
  • #6
  • Jul 14, 2011 3:16am Jul 14, 2011 3:16am
Bought Euro/Usd at 4197, stop 4167, target top of 4 hour resistance 1.44ish.

Hourly 13 EMA showing support and support of 4 hour trend line.

Also TG has shown a recent SOS No Supply and SOS Test , followed by strong stopping volume on the 30 min charts. bought into this weakness in the hourly. Solid risk reward. Good luck all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30m Eur TG.jpg Size: 171 KB
Click to Enlarge Name: eur 4h mt4.jpg Size: 319 KB
Click to Enlarge Name: eur 1h mt4.jpg Size: 314 KB
  • #7
  • Jul 14, 2011 4:22am Jul 14, 2011 4:22am
Quoting RyanRapa19
Bought Euro/Usd at 4197, stop 4167, target top of 4 hour resistance 1.44ish.

Hourly 13 EMA showing support and support of 4 hour trend line.

Also TG has shown a recent SOS No Supply and SOS Test , followed by strong stopping volume on the 30 min charts. bought into this weakness in the hourly. Solid risk reward. Good luck all.
Price currently at 1.4252, moving stops up to 4185
  • #8
  • Jul 14, 2011 8:22am Jul 14, 2011 8:22am
Quoting RyanRapa19
Price currently at 1.4252, moving stops up to 4185
I got knocked out earlier, but got right back in same levels as before.
  • #9
  • Jul 14, 2011 8:32am Jul 14, 2011 8:32am
Quoting RyanRapa19
I got knocked out earlier, but got right back in same levels as before.
Put my stops to break even at 4195, see if this can work the 2nd time around
i think the options expiring at 1.42 this morning is holding the market prices like a magnet
  • #10
  • Jul 14, 2011 10:04am Jul 14, 2011 10:04am
Quoting RyanRapa19
Put my stops to break even at 4195, see if this can work the 2nd time around
i think the options expiring at 1.42 this morning is holding the market prices like a magnet
Stopped out. but then flipped on bernanke's comment, Shorted 88s to scoop up the stops underneath. took my profits a bit pre mature at 75s, but i will take a profitable scalp any day to par back my small losses from earlier.
-What can't go up must come down.
  • #11
  • Jul 15, 2011 11:29am Jul 15, 2011 11:29am
Sold Euro at 1.4179 into top of recent 30m channel. Eur had risen last 3 30m candles on decreasing volume and closing of its highs of each period. I took half profits at 57s, and other half at 33s (stops were break even on 2nd half). Euro failed to break 80s on the initial news spike, gave great value to short. with 10-12 pip stop. targeted retrace to the 13ema and center channel line. Trade was in and out with in 10 mins.
Attached Image (click to enlarge)
Click to Enlarge Name: eur30m TG.jpg Size: 209 KB
  • #12
  • Jul 17, 2011 11:11am Jul 17, 2011 11:11am
keep it up
  • #13
  • Jul 17, 2011 10:17pm Jul 17, 2011 10:17pm
Got long on my mind.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
Click to Enlarge Name: eu2.gif Size: 31 KB
  • #14
  • Jul 18, 2011 7:37am Jul 18, 2011 7:37am
Quoting CoolTrader
keep it up
Thanks cooltrader
  • #15
  • Jul 18, 2011 8:54am Jul 18, 2011 8:54am
There is the 4 hr Shakeout bar Im looking for.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 182 KB
  • #16
  • Jul 18, 2011 10:49am Jul 18, 2011 10:49am
How does this coincide with your analysis, Ryan?


Quoting hard1head1
There is the 4 hr Shakeout bar Im looking for.
  • #17
  • Jul 18, 2011 10:59am Jul 18, 2011 10:59am
Quoting hard1head1
How does this coincide with your analysis, Ryan?
I am in observer mode currently. Waiting for some confirmation on the Hourly's before I make any plays. I do majority of my trades Tuesday-Thursday. I played a gbp scalp for 10 pips today from 1.6017s to 27s after the huge down hour. But that was just on some price action and played some profit taking expectations after such a drastic hour.
  • #18
  • Jul 19, 2011 12:56am Jul 19, 2011 12:56am
Long aussie 1.0618, stop 1.0595, target 1.07

Broke out of hourly downward trend, bought into this red hour candle on the touch of the 13ema and the daily pivot as support underneath. Target is roughly 61.8 fib of last major down swing. Some what iffy of the sell off from the wpp, but the 13ema has been trending well with this pair as of late.
Attached Image (click to enlarge)
Click to Enlarge Name: aud 1h.jpg Size: 315 KB
  • #19
  • Jul 19, 2011 7:11am Jul 19, 2011 7:11am
Quoting RyanRapa19
Long aussie 1.0618, stop 1.0595, target 1.07

Broke out of hourly downward trend, bought into this red hour candle on the touch of the 13ema and the daily pivot as support underneath. Target is roughly 61.8 fib of last major down swing. Some what iffy of the sell off from the wpp, but the 13ema has been trending well with this pair as of late.
Aussie missed target this morning by about 12 pips. I took profits on half of position at at 1.0670 for a 52 pip profit. Will wait to see how US markets open. Futures are up, should be some risk on today and wait it out for 1.07 target on other half. even look for a run to 1.0740 if 1.07 breaks through. I like the long still, aslong as hourly stays above 200 and 144ema the next 2 hours.
  • #20
  • Jul 19, 2011 8:57am Jul 19, 2011 8:57am
Closed rest of trade at 1.0680 for a 62 pip profit. Heavy selling before the 1.07 figure. I have other business to attend later this morning so taking the profits of a solid trade that was positive since 2am last night. Longer term aussie could be heading north up to 1.07550-1.08 but as for today taking the profits and will wait for next opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: aud 1h.jpg Size: 316 KB
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