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  • #1,961
  • Apr 30, 2013 4:34am Apr 30, 2013 4:34am
Quoting only20gp
{quote} Also look a the area where the 50% retrace is at, for me that is a good supply zone, PA really wants to go there, so i dont expect much of a bounce cuz PA wants to go touch the 50% area. Another factor is the stop loss, its a 30 pip stop loss. for me personally, its quite a big stop lossThats my thought {image} {image}
Congrats Only20gp..since your level was chosen on a 10M chart, I suppose that you were expecting a No Supply setup at a lower time frame..is it right ?
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  • #1,962
  • Apr 30, 2013 4:59am Apr 30, 2013 4:59am
Quoting Trappist
{quote} Congrats Only20gp..since your level was chosen on a 10M chart, I suppose that you were expecting a No Supply setup at a lower time frame..is it right ? '
Sorry Trappist, didnt quite get you. My 10m chart is different from what you have quoted me.
  • #1,963
  • Apr 30, 2013 5:27am Apr 30, 2013 5:27am
Quoting only20gp
{quote} Sorry Trappist, didnt quite get you. My 10m chart is different from what you have quoted me.

I was referring to your last trade at euro futures. You chose your demand level at 10M chart.

When we apply VSA setups at a demenad level, we wait for a No Supply bar. During your trade to check if any No Supply bar was forming, we should go down to smaller time frames.

that was my thought..I just wanted to know your decision process to trigger your long entry concerning VSA, more specificly on your last trade..
  • #1,964
  • Apr 30, 2013 5:52am Apr 30, 2013 5:52am
1. I use 2 different methods to trigger my entries, If I look at the Index and find that it is going into supply, Ill look at other currencies and find out which is going into demand. That alone will make me enter the trade. Provided they are strong supply and demand areas. Which was what happened in that 10m trade

2. For example, if I just find that Eur is going into a strong demand level and Index is no where near a supply area, Then ill run my Fibs retrace and extensions. If they fall within that Eur demand area, as a secondary ill look at Volume, as long as volume is not that high, Ill enter it.

This is alittle aggressive, one can try to have all the bells and whistles in one trade (Index,Fibs, Trend lines and Volume) to be safer but that comes rarely and I must admit, I am not that patient in waiting for the perfect setup.

Here are my thoughts now for the Cad, GDP coming up in about an hour or so, if it drops, ill be looking to buy at the demand where the 23% meets the -159% provided we see lower volume at that area. Trappist did you enter the Cad trade?
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  • #1,965
  • Apr 30, 2013 9:41am Apr 30, 2013 9:41am
My CAD entry
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  • #1,966
  • Apr 30, 2013 9:54am Apr 30, 2013 9:54am
Eur Trade 240m Supply
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  • #1,967
  • Edited 11:09am Apr 30, 2013 10:10am | Edited 11:09am
took a 15 pip loss on the Cad as it pierced right through the supply area. Should have stuck to my rules as it was the second touch in that area.
Closing this Eur trade to recover my losses. (EDIT) moved SL to just before BE and gona let it run
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  • #1,968
  • Apr 30, 2013 11:40am Apr 30, 2013 11:40am
Eur Update: Closing this bad boy, -15 pips for Cad +35 pips for Eur. Trappist notice what i was referring to about PA just touching the zone then retracing
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  • #1,969
  • Apr 30, 2013 12:19pm Apr 30, 2013 12:19pm
Quoting only20gp
Eur Update: Closing this bad boy, -15 pips for Cad +35 pips for Eur. Trappist notice what i was referring to about PA just touching the zone then retracing {image}
Only20gp, i did not take the CAD trade..i am looking now your CAD trade and trying to figure out if it was possible to wait for a NO Demand setup..it seems almost impossible to get a NO Demand bar to trig the short entry even we go down to lower time frames since price was going up very fast. it started suddenly its decline without showing any No Demand bar..

this is what i think it is missing with VSA entries..that means we might miss some possible shorts or longs if we wait No Demand and No Supply bars at our choosen levels...
  • #1,970
  • May 1, 2013 9:08am May 1, 2013 9:08am
Aus 10m....entry missed by 1 pip
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  • #1,971
  • May 2, 2013 6:50am May 2, 2013 6:50am
Eur 60M Supply with some 30M views. Trappist i dont know much about no demand bars but is this what you were referring to?
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  • #1,972
  • May 2, 2013 7:40am May 2, 2013 7:40am
Quoting only20gp
Eur 60M Supply with some 30M views. Trappist i dont know much about no demand bars but is this what you were referring to? {image} {image} {image}
NO Demand bars can be with narrow spread or wide spread. In both cases volume is low related to previous volume bars.
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  • #1,973
  • May 3, 2013 6:31am May 3, 2013 6:31am
When Dollar index coming into supply and Eur coming into demand, my favorite...
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  • #1,974
  • May 3, 2013 6:33am May 3, 2013 6:33am
Take profit Hit ! ! !
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  • #1,975
  • May 3, 2013 7:57am May 3, 2013 7:57am
Quoting only20gp
Take profit Hit ! ! ! {image}
The thread is quite silent..Good trade Only20gp..you are not alone here..

I am focused now how I can find out if a level will hold or not by observing the price action. I choose my levels on 60M. Later on I go down to 3M-5M-9M and watching price and volume inside the larger time frame level.

One of the main challanges is , the price just only touches the larger time frame level wihtout going inside it and bounce from the upper edge of the level.
  • #1,976
  • May 3, 2013 1:20pm May 3, 2013 1:20pm
Quoting Trappist
{quote} The thread is quite silent..Good trade Only20gp..you are not alone here.. I am focused now how I can find out if a level will hold or not by observing the price action. I choose my levels on 60M. Later on I go down to 3M-5M-9M and watching price and volume inside the larger time frame level. One of the main challanges is , the price just only touches the larger time frame level wihtout going inside it and bounce from the upper edge of the level.
I dont normally wait for price to enter the area, almost all my entries are just before the the zones unless im right in front of the pc. Can you share some zones you are watching right now? I reckon the 3 min chart is very small to base entries on though, id rather look at the 10 min.

Here is a 60m area im watching on the Ausi
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  • #1,977
  • May 9, 2013 12:12pm May 9, 2013 12:12pm
Only20gp, i keep studying Rocky's charts and some VSA threads. I will upload some setups on next days..by the way, why Rocky's thread become suddenly 99 pages.. I suppose it was more than 130 pages.
  • #1,978
  • May 13, 2013 4:15pm May 13, 2013 4:15pm
Quoting Trappist
Only20gp, i keep studying Rocky's charts and some VSA threads. I will upload some setups on next days..by the way, why Rocky's thread become suddenly 99 pages.. I suppose it was more than 130 pages.
Because now one page contains 20 posts instead of 15.
  • #1,979
  • May 14, 2013 4:28am May 14, 2013 4:28am
I think VSA is a big part of this method. Certainly you'll miss some trades because you don't get the right VSA setup, but you will also skip a lot of demand/supply zones that fail to reject price.
In my personal interpretation of Rocky's method, I tend to give less importance to Fibs/trendlines, and more to VSA. Not that my method is good and only20gp's is bad, just a different interpretation.
I like when price approaches the zone with large spread/volume bars, is rejected, and then tries to charge the zone again with low volume. Basically, I'm trading on the second chance, while only20gp trades on the first chance (price approaching the zone).
  • #1,980
  • Jun 12, 2013 3:31pm Jun 12, 2013 3:31pm
Hi Rocky,

How are you ? I wonder how your trading is going since you have started apply your new method.
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