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  • #1,121
  • Jun 12, 2012 1:13pm Jun 12, 2012 1:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 09-12 (5 Min) 6_12_2012.jpg Size: 104 KB


Volume Bar / Candle 2 was a green up bar when I placed the trade. You'll notice that in this chart it is red. Reason being I made the trade with 30 seconds left before the next candle. PA dropped right after I made this trade changing it to a red Candle/Volume bar.
  • #1,122
  • Edited 4:15pm Jun 12, 2012 3:56pm | Edited 4:15pm
Quoting rocky
Attachment

Volume Bar / Candle 2 was a green up bar when I placed the trade. You'll notice that in this chart it is red. Reason being I made the trade with 30 seconds left before the next candle. PA dropped right after I made this trade changing it to a red Candle/Volume bar.
Hi Rocky,

I appreciate the info you are putting out on your thread. I have been following you and KL from BS Trading. Excellent information THANK YOU!

Let me start out by saying I understand selling into supply/buying into demand. My question:

#1 Institutions Sell into this up bar at the Supply Zone. How do we know this is what is happening.. At the time it is happening? Is there something definitive that we can point to? Time and Sales maybe? Or is it defined by simply the price action taking place based on the preceding down move that created the level in the first place? Aggressive moves into Supply demand level as Institution buying or selling into the level.

I have seen were the move is just like #1 yet it keeps on moving through the Supply Zone. I would assume that this type of move through “would not” be selling into the Supply Level or would it??

Or do you discover this from what happens with #2 volume bar: Interest for higher PA has dried up… Would this be the conformation for #1?

Thanks in advance
Most appreciated

TSD
  • #1,123
  • Jun 12, 2012 7:41pm Jun 12, 2012 7:41pm
Quoting TraderinSD
Hi Rocky,

I appreciate the info you are putting out on your thread. I have been following you and KL from BS Trading. Excellent information THANK YOU!

Let me start out by saying I understand selling into supply/buying into demand. My question:

#1 Institutions Sell into this up bar at the Supply Zone. How do we know this is what happening.. At the time it is happening?...
[size=3][font=Calibri][color=black]

Hi TSD, great questions. When I started learning about VSA, which was only about 2 years ago, I had a hard time believing that a lot, not all, of those high green up bars with their corresponding Ultra high volume bars where actually the Institutions/Banks selling contracts into a bull market, and vice versa for a bear market.. but they control the market and the news media, how is this possible? Because they own them, and they feed lies to use every day in a well orchestrated effort to brain wash the public (traders) and take your money. That's a fact...

I gave a perfect example of this a few charts back. I showed were on the Time and Sales window (wasn't able to post) there was a block of 114 contracts shorting the EUR. It occurred on a bull doji candle with a ultra high green volume bar. This was a 10 min chart. But to the untrained eye it looked like we where going up into a bull market. We didn't, the market dropped and it created a Supply zone.

But you don't need the Time and Sales window to trade these setups. However, you do need to learn how to properly use VSA. I'm just getting the hang of it after 2 years. It's literally the Footprint of the Institutions/Smart Money. It's best used around zones, Fibs, pivots...and time of day...

I learned how to use VSA by watching free video's on Youtube. Search "Trade Guider" or "VSA", (I have no association with Trade Guider nor have I ever bought their program). Their videos will teach you all you need to know about VSA. But it won't happen over night, it takes a lot of work.

I simply have incorperated VSA with my style of trading. I now think about how I ever traded without VSA, why wouldn't you want to know what the banks are doing, second by second, they can't hide their Footprint in Volume bars, you just have to know what to look for, and have the proper feed.. So I would recommend watching those video's, there are a lot, then you will be able to follow the flow of the Institutions...It will also keep you out of what might look like a good set up using Supply/Demand. I actually give a good example of this about 5 or so pages back. Hope this helps, Rocky...
  • #1,124
  • Jun 12, 2012 11:56pm Jun 12, 2012 11:56pm
Quoting rocky
[size=3][font=Calibri][color=black][size=3]Hi TSD, great questions. When I started learning about VSA, which was only about 2 years ago, I had a hard time believing that a lot, not all, of those high green up bars with their corresponding Ultra high volume bars where actually the Institutions/Banks selling contracts into a bull market, and vice versa for a bear market.. but they control the market and the news media, how is this possible? Because they own them, and they feed lies to use every day in a well orchestrated......
[font=Calibri][color=black]Hi Rocky,

Thanks for the reply.

I had started looking at VSA after following your thread. One question. As I understand in the Forex market the broker is really where the volume is coming from... The broker is the institution that is making the market. Your may get pushed out into the interbank market electronically but that may not always be the case……. As opposed to when one trades currency futures, the volume is coming out of the CME.. one location. Appears there is some debate as to the accuracy of volume in Forex.

What are your thoughts regarding these two data streams and their accuracy?

I had looked at the trade you discussed with 114 contract short the EUR. Will definitely go back and review some more as well as a look back on the charts 5 or so pages back.

I have viewed just a small amount of You Tube vid’s regarding VSA. I will definitely search and watch “Trader Guider “ Yes, as with all trading it will always take time to learn and understand. Funny how so many think they can grasp trading within a few months. My journey started back in 1999.

Thanks again for taking the time to help out.. Most appreciated

TSD
  • #1,125
  • Jun 13, 2012 1:01am Jun 13, 2012 1:01am
I found this video helpful in regards to volume

http://www.youtube.com/watch?v=hlhYR7rxcWo&feature=relmfu
  • #1,126
  • Jun 13, 2012 8:48am Jun 13, 2012 8:48am
Hi Rocky,heres a chart on GJ dail,hope to hear some critic from you..all of it are not fresh zone as i drew it upon rejections..do you mind showing some fresh zones of this charts?

thanks!
Attached Image (click to enlarge)
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  • #1,127
  • Jun 13, 2012 9:50am Jun 13, 2012 9:50am
Quoting justin12
I found this video helpful in regards to volume

http://www.youtube.com/watch?v=hlhYR7rxcWo&feature=relmfu

Will have a look later today.

Thanks

TSD
  • #1,128
  • Jun 13, 2012 2:39pm Jun 13, 2012 2:39pm
Quoting justin12
I found this video helpful in regards to volume

http://www.youtube.com/watch?v=hlhYR7rxcWo&feature=relmfu
Thanks, Rocky...
  • #1,129
  • Jun 13, 2012 2:45pm Jun 13, 2012 2:45pm
Quoting txar
Hi Rocky,heres a chart on GJ dail,hope to hear some critic from you..all of it are not fresh zone as i drew it upon rejections..do you mind showing some fresh zones of this charts?

thanks!
Txar, I don't trade GJ any more. I'll critic EUR, GBP, AUD, CHF, GOLD, SILVER, OIL, US INDEX, TREASURY Bonds. So do an analysis on any one of those and I'll take a look at it, Thanks, Rocky...
  • #1,130
  • Jun 13, 2012 2:46pm Jun 13, 2012 2:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 09-12 (10 Min) 6_13_2012.jpg Size: 145 KB
  • #1,131
  • Jun 13, 2012 10:40pm Jun 13, 2012 10:40pm
HI Rocky,
VSA takes time to get used to. I am still on bar to bar interpretation of price and volume in Futures (/6E to hone my skills on). Your recent posts have been a great help. Not using Pitchfork/Fibs makes it clearer to grasp the interaction of price/volume and your explanation puts it in context. Currently am trying to synchonize all that info in real time giving each component it's due weight. Not there yet.

A naive question: ON T/S window, were the longs in Green (ask) and shorts in Red(bid) with size (>9) reflecting professionals. Or is there another way to detect their activity on the T/S window.

Volume in general seems to have dried up over the last week.

All times on your charts are EST I believe.

Thanks for shortening the learing curve. Love the to the point posts.

Fullpiphttp://www.forexfactory.com/images/icons/icon7.gif
  • #1,132
  • Jun 14, 2012 6:15am Jun 14, 2012 6:15am
Great stuff Rocky, I love the SD VSA combo. Could you explain the logic of the fib extensions and why you would expect these extensions to increase probability of trade entries..presumably profit taking maybe adding to the reversal at the levels?? Thanks
  • #1,133
  • Jun 14, 2012 7:37am Jun 14, 2012 7:37am
Quoting Porkpie
Great stuff Rocky, I love the SD VSA combo. Could you explain the logic of the fib extensions and why you would expect these extensions to increase probability of trade entries..presumably profit taking maybe adding to the reversal at the levels?? Thanks
Hey Porkie, Welcome to my thread. I'll get back to you time permiting, Rocky...
  • #1,134
  • Edited 7:56am Jun 14, 2012 7:39am | Edited 7:56am
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 09-12 (10 Min) 6_14_2012.jpg Size: 163 KB


My third contract did not get triggered. Moving S/L up to B/E, Rocky...

S/L moved up to B/E plus 10.
  • #1,135
  • Jun 14, 2012 8:10am Jun 14, 2012 8:10am
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Trade Closed, plus 20 x 2 contracts...
  • #1,136
  • Jun 14, 2012 8:26am Jun 14, 2012 8:26am
Quoting rocky
Attachment

Trade Closed, plus 20 x 2 contracts...

Hi Rock,

Your style and method is just very informed and advanced.

Good on you i'd say.

Also a note, have you ever thought of writting a forex book on your strategy? you may not know it, you have what it takes from your trading style or better still, you can write up a course or an e-book for sale.

I have read a few and know your stretegy is good and informative. Any one that can follow the SMART money, must be informed indeed.

Just a thought you may want to consider.

Thanks and keep up the good work.
Born to rule my Economic World and Make a Difference!
  • #1,137
  • Jun 14, 2012 8:56am Jun 14, 2012 8:56am
Quoting sharemaster2
Hi Rock,

Your style and method is just very informed and advanced.

Good on you i'd say.

Also a note, have you ever thought of writting a forex book on your strategy? you may not know it, you have what it takes from your trading style or better still, you can write up a course or an e-book for sale.

I have read a few and know your stretegy is good and informative. Any one that can follow the SMART money, must be informed indeed.

Just a thought you may want to consider.

Thanks and keep up the good work.
Sharmaster2, Thanks. I have been approached by numerous marketers who have wanted to partner up with me to develope a course and 3 day school. At this point I'd rather give away my trading strategy to help others.

If I decide to develope a course I will do it without marketers.

Many Pips, Rocky...
  • #1,138
  • Jun 14, 2012 8:57am Jun 14, 2012 8:57am
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 09-12 (60 Min) 6_14_2012.jpg Size: 138 KB
  • #1,139
  • Jun 14, 2012 10:30am Jun 14, 2012 10:30am
Quoting rocky
Attachment
Hi Rocky,

This is really a great chart as you show exactly how you determined that Smart Money was selling into this rally. The use of Time and Sales and volume.. That no blocks were buying only selling. This is very direct definitive examples of what is actually happening. Dare I say "text book"...

Would it be safe to say that many times it not as clear cut... or ... am I wrong in that assumption ?

Most appreciated of you and Justin12 for the info on TradeGuider. Watched the video last night. Will need to re-watch several more to take it all in.

As I stated before I started this journey back in 1999. I have learned great deal along the way...But... I will admit I was still missing some very important part to the puzzle. Your thread has definitely put on a path that has really opened my eyes. A lot to learn.

Again, many thanks for your insights.

TSD
  • #1,140
  • Jun 14, 2012 11:11am Jun 14, 2012 11:11am
Quoting TraderinSD
Hi Rocky,

This is really a great chart as you show exactly how you determined that Smart Money was selling into this rally. The use of Time and Sales and volume.. That no blocks were buying only selling. This is very direct definitive examples of what is actually happening. Dare I say "text book"...

Would it be safe to say that many times it not as clear cut... or ... am I wrong in that assumption ?

[color=black][font=Verdana]Most...
TSD, I'm glad my style is helping you to move foreward. I'll post as much as I can time permitting.

"Would it be safe to say that many times it not as clear cut... or ... am I wrong in that assumption ?"

Most of the time it is, It's enough to make you a dangerous trader, and buy a few toys, Rocky...
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