VSA with Clifton

EU daily shakeout closing on the highs with good buying efficiency. 4H bullish reversal bars. Looking for a NS or Test on the 1H for long entry via buy stop.

Sound like a good plan

Entry is on limit 2 pips above the high of the bar

Yes, now with rising bottoms. A look at the 15 min from today. An attempt to break 1.3550 should be coming. If decent supply is not found there, then up we go and a nice move this week perhaps.

This is just a guess. Bounce off fib and lower trend line on increased volume. Maybe even a shakeout.

Took the NS test after push, biz as usual. Banked half and letting it run. I'm off for now.

great trading Clifton

Hey guys Cliff reminded me of something in his last post (excellent trade btw) and I'm not sure we've touched on in here yet.

If you take a trade with a 32 pip stop, and you close half when you're 32 pips in profit, you can let your stop get hit in its original location and you won't experience any loss (except spread).

This is a really great way of eliminating risk and staying in the trade at the same time. Trading using volume like this, it is dangerous to move your stop to break even because you are getting in at levels that professionals are accumulating positions. What if you get in early and the pros haven't completely filled their orders? Price will come back to your entry and stop you out before it takes off. This might happen a few times, so if you take half off at 1:1 and walk away you might have a great swing trade on your hands. Especially if you're taking your trade from H1 climactic volume.

Aww, now that short was too easy. Text book Cliffy trade at 11:10 and 11:40 gmt, eu.

@ Frankkn, couldn't have said it better myself.

I had to work today and was not around for this, just posting a chart of what I'd believe Cliff is referring to

Oh yeah, supply zone on the left and a bit of spring there make it perfect set-up. Easy one

That would be the one.
I first entered on the push through the demand line, just as you drew it, then added on the close below the ND that you pointed out. It's what I've been showing time and time again. So far a straight +125 pips with no draw down. I've been picking off profits when demand showed up, leaving me with 1/5 of the trade still on. Is there any better way to trade? nope!

Watching AU to see if there is a counter-trend trade worth taking, but nothing really good. I have more time during the next 2 weeks to watch charts with Cliftons basic setup ideas.

I have pointed out a few levels etc on the chart, I hope it makes sense.

Once again thank you.

( edit : UK open time on chart is FXpro, which is I think +2 hrs BST )



_________
Michael

Looking at GBPCAD`s weekly chart, we see the strong resistance/supply area around approx. 1.63560 - 1.63620.

On the 1hour chart, I am looking for a break of this area, and then confirmation through volume / price action.


Good trading to all.


__________
michael

EU

Edit:

This one is invalidated to me (broke lows), awaiting new local hi/lo.

Edit 2: We may see new local high put in around 3750

http://img545.imageshack.us/img545/5...eteisysm15.png

Uploaded with ImageShack.us

Not sure if your question mark is a question but that represents bids getting eaten

I have struggled with applying vsa for some time now and im happy to have found this thread with such simple explanations. Thanks Clifton i hope you will continue with this. Hopefully i can post some live trades this coming week.

http://content.screencast.com/users/...10-22_2043.png

Hi Clifton,

Just read the thread and i must congratulate you on a fantastic job in explaining vsa in you own style,i just hope this continues coz its great

I took this demo trade to try out whether im understanding correctly or not,if you could please take a look and give some feedback on what's right and wrong about my understanding.....

What am i missing???