vsa with Malcolm

Quoting TEB63

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{quote} "top"m15 EU is not biggest volume..." you missed the transfer bar my friend that was the key for me!! by the way what you have marked as the high is a two bar reversal on high (in forex) or very high (in futures) of course as I stated before the pros will push high in the spot into ultra in the forex but here is the point does it really matter I think not cheers

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Quoting icantmilk

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{quote} and ofc it matters LOL it changed completly Background of pair....to weakness

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Quoting TEB63

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{quote} lol you take the change on one sign? ok I would not here is how tradeGuider would trade have traded it with their triangles (from memory so maybe I missed a triangle ) in the futures it would be SOW 1 - Buying Climax - SOW 198 – No Demand - SOW 199 – No Demand - in the forex SOW 26 - Supply Coming in -SOW 198 – No Demand – SOW 199 – No Demand both would be a sell

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Quoting Trotty

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Very nice use of VSA icantmilk and much more in line with how i've been using it than with Malcolm. Malcolm's trades were much more based around reversals and holding out for large pip gains. This is more about taking what the market is ready to offer at any point and i'm more than sure that VSA can guide us into entries throughout the day. I've also begun to realise that it can be used as a fairly effective trade management approach. If there is no sign of weakness or strength in a move, you have no reason to close. Right?

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Quoting icantmilk

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couldnt resist... GU long on NS m5, we had nice WRB there on UH volume and there was some buying {image}

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Quoting icantmilk

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short GU {image}

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Quoting Trotty

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Very nice use of VSA icantmilk and much more in line with how i've been using it than with Malcolm. Malcolm's trades were much more based around reversals and holding out for large pip gains. This is more about taking what the market is ready to offer at any point and i'm more than sure that VSA can guide us into entries throughout the day. I've also begun to realise that it can be used as a fairly effective trade management approach. If there is no sign of weakness or strength in a move, you have no reason to close. Right?

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Quoting icantmilk

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for example now I am expecting bigger move on GU.... dont know if I am interpreting this right (TEB63 is better in that than me) but h1 looks to me as Transfer bar and we are sitting on my zone S/R so m5 entry on NS and holding {image}

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Quoting TEB63

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{quote} that is one way - but how do you figure out your RRR? You may want to have a target before you start. if you clearly see price move against you on the larger charts you may still want to bail cheers

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Quoting Trotty

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{quote} I never have one in mind, not one that is in any way pre defined. I believe they work against you in the long term. Entries and trade management are key for me. Get an entry that delivers some pips and then manage the entry so it delivers as many pips as possible. As long as you generally reaching 1:1 minimum and typically over achieving that, everything is good in the world. I'm still very much working on that but am generally of the opinion that there isn't a trader on the planet who can squeeze every pip out of every move. Take what the...

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