Extracted Thread (per thread starter's request)

http://www.forexfactory.com/attachme...1&d=1344902766 (http://www.forexfactory.com/attachment.php?attachmentid=1018556&d=1344902766)

Stopped out on last contract at B/E

I've noticed that we have slightly different pictures for the same instrument. I wonder how it can be if forex futures are traded in one place?

Phi1ipp, are you looking at a 9 min chart?

Nope, Rocky, I'm talking about the 4H chart. I'll post the picture lil bit later...

You see, the supply zone for 6E on my chart looks different to your one.

What session time are you using. Go to control center, tools, session manager. I have my charts set to Default 24/7.

The same stuff, man. Default 24/7. Maybe it depends on a timezone?

took this trade on Russell, 60 zone inside 240 zone, not crazy about size of stop but took it...outside bollinger also

purple is 240 supply ...

Rock what are your plans for new system

would you take this trade even if not outside bollinger with entry at 61.8 retr and stop below where trend lines cross

is anybody considering this supply area on EURUSD?

http://i45.tinypic.com/t8naxy.jpg

I took my time to go through this very interesting thread. Many thanks to Rocky for starting it and keeping it alive, it really contains invaluable informations.

Here's my analysis for British Pound futures daily chart. As you can see I identified a supply zone, which also happens to have two FIB extensions inside, and is close to a FIB retracement. The chart also features a weekly trendline (not yet inside the zone), and Bollinger Bands.

But here's the fact: since GBP is basically up since May, it's very hard to find supply zones in lower timeframes. At the same time, the daily supply zone is quite large, like 70-80 ticks. How do you manage these situations? VSA analysis can only be done in lower timeframes.

http://i47.tinypic.com/ape32a.jpg

My understanding is: the S/D zones+VSA work the best for 15-60 min time frames. For daily S/D zone 60 min chart is going to work properly.
I hope that Rocky is going to correct me and post something interesting ( long time silence)

I'm going to take the trade posted above (see post 1374), scaled down to 10 min chart and I'm seeing an interesting pattern in VSA. Sorry but will post the screen shot later.

I might have missed this. Here is the Daily chart, you see GBP is now well inside the supply zone:
http://i49.tinypic.com/10ru3qa.jpg

In the 4 hours chart I like the declining volume while price is approaching the supply zone:
http://i50.tinypic.com/2u5x7uu.jpg

Down to the 10 minutes chart, I like what I saw recently in bars 1 and 2. In bar 1 we have a large green bar with volume explosion (institutions selling?), and in bar 2 this is confirmed by volume increasing and price action closing at the lows of the bar.
http://i49.tinypic.com/350s9dk.jpg

Now, the current bar is green, and if the volume is declining, I will pull the trigger and post a shot.

Trade taken (mirus Futures, demo account) at 1.6073. Going to place a stop at 1.6090 above the fibs, target around 1.6045 where is the closest supply zone in the 10 min chart.
http://i48.tinypic.com/33u7rs4.jpg

Update: with more patience, I might have sold for a better R/R ratio, but hey it's my first trade:
http://i49.tinypic.com/zv26i0.jpg


In case you're wondering, yes, I traded this for real money as well, on my IB account:
http://i48.tinypic.com/nzknlv.jpg