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  • #1,141
  • Jun 14, 2012 11:13am Jun 14, 2012 11:13am
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  • #1,142
  • Jun 14, 2012 12:19pm Jun 14, 2012 12:19pm
Quoting rocky
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...
I for one REALLY APPRECIATE what you are giving us for "free"... The additional time you take to answer our questions and detail your charts the way you do. I have had my share of paid courses (as maybe we all have had) I will remain positive here and say I did learn something from each one... "What to do and, what not to do... "

Is has been a difficult at times to fine those who have a solid understanding of PA trading and using real time add ons ( volume, S/D, Support / Resistance, Fibs, etc ) and who can trade profitably. There are those who just wish to trade and share (like you)... Then there are those who want to turn it into the business of selling... Each has its place.

Obviously all this takes time... Definitely giving back to the community!

Just my 2 cents

TSD
  • #1,143
  • Jun 14, 2012 2:30pm Jun 14, 2012 2:30pm
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  • #1,144
  • Edited 3:21pm Jun 14, 2012 2:44pm | Edited 3:21pm
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If we get past 3:55 pm I will not place a trade...

This is a classic example of how a breakout trader gets burn...there is a lot of new traders that went long at the zero line next to the letter "B". Institutions expect this, they gave us a Pin bar with extremely high volume...That means they are very active...PA SHOULD DROP...
  • #1,145
  • Edited 3:44pm Jun 14, 2012 3:20pm | Edited 3:44pm
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Im closing this trade. There is a boat load of buy orders coming in...plus 2, Rocky...
  • #1,146
  • Jun 14, 2012 3:54pm Jun 14, 2012 3:54pm
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  • #1,147
  • Jun 24, 2012 3:24pm Jun 24, 2012 3:24pm
Quoting rocky
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what was the outcome of the trade?
  • #1,148
  • Jun 24, 2012 4:26pm Jun 24, 2012 4:26pm
Quoting only20gp
what was the outcome of the trade?

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  • #1,149
  • Jun 25, 2012 1:01pm Jun 25, 2012 1:01pm
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  • #1,150
  • Edited 2:10pm Jun 25, 2012 1:32pm | Edited 2:10pm
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Closing trade, plus 70 Pips...
  • #1,151
  • Edited 8:44pm Jun 25, 2012 8:18pm | Edited 8:44pm
http://www.forexfactory.com/attachme...1&d=1340647263 (http://www.forexfactory.com/attachment.php?attachmentid=988769&d=1340647263)

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9:43 pm... moving SL up to plus 13 pips
  • #1,152
  • Jun 25, 2012 9:48pm Jun 25, 2012 9:48pm
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  • #1,153
  • Jun 26, 2012 9:18am Jun 26, 2012 9:18am
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Stop Loss Now at B/E...10:21 A.M.
  • #1,154
  • Jun 26, 2012 9:33am Jun 26, 2012 9:33am
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  • #1,155
  • Jun 26, 2012 9:37am Jun 26, 2012 9:37am
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Target Hit...Plus 29 Pips x 3 contracts, Rocky...
  • #1,156
  • Jun 26, 2012 9:43am Jun 26, 2012 9:43am
hey rocky, this trade was taken with relatively high volume bars, dont you say to wait for low volume before entering as it means there is no more interest in taking price higher or lower?
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  • #1,157
  • Jun 26, 2012 9:57am Jun 26, 2012 9:57am
Quoting only20gp
hey rocky, this trade was taken with relatively high volume bars, dont you say to wait for low volume before entering as it means there is no more interest in taking price higher or lower?
Good question, I was waiting for someone to ask this. Notice the wick on the candle that I sold on. Combine that with a High volume bar means that the institutions where busy selling contracts as the herd where busy buying contracts and that the institutions overtook the buyers based on that wick.

Combine that with being in a Supply Zone, 50% Fib retracement, and moving up against my 2057% fib from my pitchfork study.

If on that high volume bar the corresponding candle closed at its high, then I wouldn't have taken that trade, because this would be a clear sign that the institutions have not overtaken the herd. This shows you that there is a lot more to VSA than what I have shown you here.
  • #1,158
  • Jun 26, 2012 11:10am Jun 26, 2012 11:10am
Quoting rocky
Good question, I was waiting for someone to ask this. Notice the wick on the candle that I sold on. Combine that with a High volume bar means that the institutions where busy selling contracts as the herd where busy buying contracts and that the institutions overtook the buyers based on that wick.

Combine that with being in a Supply Zone, 50% Fib retracement, and moving up against my 2057% fib from my pitchfork study.

If on that high volume bar the corresponding candle closed at its high,...
Hi Rocky,

Before finding your thread one of the techniques I incorporated into my S/D trading was looking for long wicks, pin bars, etc. piercing the S/D zone. I additionally look for something very specific, the color of the body of the candle. For example: If green is up and red is down... If I am looking to short I want to see a red body with a long wick... Opposite for a long. I will look at multiple time frames when looking for this specific set up... The higher TF adds confidence to the position.

I have found that when I try and go in the opposite direction of the color, my trades are not as consistent. It also cuts back on the amount of trades I make.

Still trying to learn more about VSA. This appears to confirm some of the ideas I had.

Thanks for this additional insight

TSD
  • #1,159
  • Edited 6:13pm Jun 26, 2012 5:08pm | Edited 6:13pm
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Just to clarify, this trade only has a 5 pip stop loss, Rocky...

Stopped Out for minus 5 pips x 3 contracts. I will take trades once in a while during low volume hours if I see a good setup. When I do this I keep a very tight stop, I'm usually successful with these low risk trades. Rocky...
  • #1,160
  • Jun 27, 2012 8:12am Jun 27, 2012 8:12am
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