Romancing the Price | Page 33 | Forex Factory

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Attachments: Romancing the Price
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Romancing the Price

  • #641
  • Aug 14, 2011 1:57pm Aug 14, 2011 1:57pm
Kenny

Your new website is absolutely excellent

A 'must read' for anyone aspiring to grow an account.

I truly hope people understand what you've given them.

Bravo, my friend
  • #642
  • Aug 14, 2011 4:48pm Aug 14, 2011 4:48pm
Quoting Intel
LOL Why, were you having a dig at me? If you were, you'll have to be a little less subtle if you want me to react to it.
Easy cheetah, no digs at all from him

And maybe HG will become a better trader as well, as there are some generous professionals in here

Looking forward to trading with you gentlemen !
  • #643
  • Aug 14, 2011 4:55pm Aug 14, 2011 4:55pm
Quoting frankkn
I'm super glad to see my VSA pals HG and Intel in here, they have lots to share.

This thread is the best.

Also, happyhappy posted a great link to a BRV video in case anyone missed it.

I'll be posting mostly on Tuesdays and Thursdays after New York/London, see everyone in the coming week.
What is VSA? And how are their methods different from Red's or Kenny's?
What is any ocean but a multitude of drops?
  • #644
  • Aug 14, 2011 6:29pm Aug 14, 2011 6:29pm
Quoting Xhale12
What is VSA? And how are their methods different from Red's or Kenny's?
Volume Spread Analysis. A centralised exchange used in the futures market is best for volume analysis as the FX spot market is a de-centralised market and you only see your broker's volume.

Their methods are based on analysing the volume of trades based on something like the Bill William's Market Facilitation Index but in much more detail that will give you an indication as to what price will be doing.

Search for VSA in FF and start reading or follow malcomb14, Shamus or intel. Read the 1st post on Shamus' thread for further info on the basics of VSA - http://www.forexfactory.com/showthread.php?t=157629

Again, it takes time to understand and master VSA concepts. Don't start adding new concepts until you have mastered the basic concepts of supply and demand.
  • #645
  • Aug 14, 2011 8:14pm Aug 14, 2011 8:14pm
Thanks for pointing me to the WRB materials!
  • #646
  • Aug 14, 2011 10:44pm Aug 14, 2011 10:44pm
Thanks man, Im learning. Looked at all of your attachments.

Quoting bbakker
Volume Spread Analysis. A centralised exchange used in the futures market is best for volume analysis as the FX spot market is a de-centralised market and you only see your broker's volume.

Their methods are based on analysing the volume of trades based on something like the Bill William's Market Facilitation Index but in much more detail that will give you an indication as to what price will be doing.

Search for VSA in FF and start reading or follow malcomb14, Shamus or intel. Read the 1st post on Shamus' thread for further info on the basics...
What is any ocean but a multitude of drops?
  • #647
  • Aug 15, 2011 12:21am Aug 15, 2011 12:21am
Quoting bbakker
Volume Spread Analysis. A centralised exchange used in the futures market is best for volume analysis as the FX spot market is a de-centralised market and you only see your broker's volume.

Their methods are based on analysing the volume of trades based on something like the Bill William's Market Facilitation Index but in much more detail that will give you an indication as to what price will be doing.

Search for VSA in FF and start reading or follow malcomb14, Shamus or intel. Read the 1st post on Shamus' thread for further info on the...
Thanks for that link. Been studying VSA lately.
Shapeshift greed and catch em' off guard
  • #648
  • Aug 15, 2011 12:39am Aug 15, 2011 12:39am
Quoting KennyZ
you mean bit like reading tomorrows newspapers today!!!

holly cow.. or was it holly grail..

saying that, learning never ends.. i'm sure we can learn a lot from HiddenGap, Intel, frankkn and many others..

we love you all.. St. Ifmyante can express this much better than me..
Kenny, you put a lot of work and effort in to make this new Google site an excellent resource for all of us. Much appreciated !



_____________
michael
Be like water.
  • #649
  • Aug 15, 2011 3:03am Aug 15, 2011 3:03am
Quoting frankkn
Easy cheetah, no digs at all from him

And maybe HG will become a better trader as well, as there are some generous professionals in here

Looking forward to trading with you gentlemen !
I have been following this thread almost from the start. I have definately learned from these guys. It's a good thread. And Kennys site is fantastic.
  • #650
  • Aug 15, 2011 11:13am Aug 15, 2011 11:13am
Supply exceeding demand
Attached Image
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #651
  • Aug 15, 2011 12:51pm Aug 15, 2011 12:51pm
Hey fellas

VSA is valid in forex, even though we only have tick volume

Don't take my word for it, try it

A good place to start is master the markets by tom williams.

Next look at Intel's and HG's attachments and sift through malcolmb14's posts. Clifton has a cool thread about trading w tick volume and price action.

Trade guider can be a put off but don't let it distract you from the content.

I still occasionally take VSA entries but only if I've missed a simple PA entry, which will get you in sooner w a smaller stop. For me price structure comes first,PA just confirms the presence of buyers or sellers, like anyone didn't know lol
  • #652
  • Aug 15, 2011 3:34pm Aug 15, 2011 3:34pm
Evening guys

Just wanted to say thanks to all here who are freely giving so much useful and detailed instruction - really, really fantastic that some people who are successful actually bother to take time to try and help others.

Kind of restores my faith in human nature.

Please keep it up fellas- I'm learning slowly but surely (I hope !)

Cheers
  • #653
  • Aug 15, 2011 8:32pm Aug 15, 2011 8:32pm
some trades from monday..
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  • #654
  • Edited Aug 16, 2011 2:25am Aug 15, 2011 9:46pm | Edited Aug 16, 2011 2:25am
Quoting KennyZ
some trades from monday..
Since we had the same dax trades and discussed this earlier i have decided it wouldn't be a bad thing to share this to add some additional perspective

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EDIT:
Remaining position open, lets see how far this goes
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  • #655
  • Aug 16, 2011 1:25am Aug 16, 2011 1:25am
Thanks again for the deeper materials on WRB, I printed out those 3 chapters and went through it today

Just closed 2/3 of this trade with 24 pips on the top gap close, holding out on the other third for the second gap close.

(The yellow on the 1 hour is the wrb zones, dark blue represents european session, lighter blue us session)
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  • #656
  • Aug 16, 2011 3:17am Aug 16, 2011 3:17am
Quoting happyhappy
Thanks again for the deeper materials on WRB, I printed out those 3 chapters and went through it today

Just closed 2/3 of this trade with 24 pips on the top gap close, holding out on the other third for the second gap close.

(The yellow on the 1 hour is the wrb zones, dark blue represents european session, lighter blue us session)
The best way to use WRB is not to act 'just because' price has reached the 'Supply Demand Delta Zone'. It's best to use the zones as an area that yields the most reliable setups (entry/exit). Look at it this way, your current entry/exit strategy will yield say a 60% hit rate. If you were to only use your setups which fell in a S/D delta zone, your hit rate would increase to say 75%(these figures are examples only).

It is vitaly important that you still use your existing entry/exit rules as per this thread.
  • #657
  • Aug 16, 2011 6:19am Aug 16, 2011 6:19am
Hello guys, this week homework is fresh out of the oven!
Hello.
  • #658
  • Aug 16, 2011 6:47am Aug 16, 2011 6:47am
Quoting emene
Hello guys, this week homework is fresh out of the oven!
Hi Emene

Thanks for that link, its something that I have been looking to do to reduce risk - I am looking mostly at H4, D1 levels and dropping to M15 and M5 S/D zones within the H4, D1 S/D zone to refine an entry with tighter stop/less risk.

One question if I may is - once you drop down and identify a strong lower time frame S/D level for entry, is it ok to then revert back to the original H4 play and work to the original profit targets on that timeframe or should the trade be managed by staying in the M15 or M5 because thats where the entry was ?

Thanks in advance

Cheers
  • #659
  • Aug 16, 2011 6:50am Aug 16, 2011 6:50am
Am doing scalping good ..I understart that higher time frame levels ways going with scalping is good than buying in oversold areas...More the higher time frame it goes , more the sellers have some ..I mean the quantity ..

I would like to ask some things from expereinced guys...

Should i always need to look for atleast 1:2 risk reward ...or 1:1 is ok..The thing am asking is this because i see many 1:1 trades ...and less 1:2 trades ..not very less

Thanks
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #660
  • Aug 16, 2011 8:07am Aug 16, 2011 8:07am
Quoting Ultimatus
thanks Kenny for posting some scalping trades.

bbakker, I would be very interested to see a few of your EU scalps if you have the time, thanks.

It's been an annoying end of the week for me. I predicted where EU was going but was sleeping first when it hit supply at 1.437, then again missed when it hit demand at 1.405. I need to learn how to get in after the move has begun instead of only taking tops and bottoms.

Have a great weekend all.
Here is an oil scalp I did. I am not a big scalper. I think you should review Kenny's and Orbital's attachments to see how they scalp.

I did go long earlier and got stopped out for 15 pips on oil as a retest of the demand level. It broke and so I flipped to go short, but rather than a breakout entry, I wait for a retest of the previous support line (or near enough to it) and then went short.

The extra drop worked out really nicely, but on the higher timeframe it does show a lot of air.

I hope this helps!

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