- #30,241
- Apr 22, 2015 9:15pm Apr 22, 2015 9:15pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
- #30,242
- Apr 22, 2015 9:45pm Apr 22, 2015 9:45pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Closed it.
- #30,244
- Apr 23, 2015 4:07am Apr 23, 2015 4:07am
Please can we try to keep this thread pure price action, this is the Price is Everything thread not the volume is everything thread RED started a great thread please don't dilute it we have lost so many great traders who where here to help and have now gone at our loss.
I believe this is the best thread for volume, hope it helps.
http://www.forexfactory.com/showthread.php?t=241760
I believe this is the best thread for volume, hope it helps.
http://www.forexfactory.com/showthread.php?t=241760
- #30,245
- Apr 23, 2015 7:33am Apr 23, 2015 7:33am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Please can we try to keep this thread pure price action, this is the Price is Everything thread not the volume is everything thread RED started a great thread please don't dilute it we have lost so many great traders who where here to help and have now gone at our loss. I believe this is the best thread for volume, hope it helps.
- #30,246
- Apr 23, 2015 8:37am Apr 23, 2015 8:37am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
One of Red's charts
- #30,247
- Apr 23, 2015 8:59am Apr 23, 2015 8:59am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
- #30,248
- Apr 23, 2015 9:03am Apr 23, 2015 9:03am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Back in supply. Let's see what PA/volume does.
- #30,249
- Apr 23, 2015 9:14am Apr 23, 2015 9:14am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Sold it.
- #30,250
- Apr 23, 2015 9:27am Apr 23, 2015 9:27am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Sold it. {image}
- #30,251
- Apr 23, 2015 11:13am Apr 23, 2015 11:13am
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Without VSA, you're playing checkers while the Smart Money plays chess.
- #30,252
- Apr 23, 2015 12:51pm Apr 23, 2015 12:51pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
- #30,253
- Apr 23, 2015 1:35pm Apr 23, 2015 1:35pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
- #30,254
- Apr 23, 2015 1:51pm Apr 23, 2015 1:51pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Gold
- #30,256
- Apr 24, 2015 7:22am Apr 24, 2015 7:22am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} thanks a lot for the explaining. additionally can i know how you determine your stoploss (do you set it or manually manage the trade), take profit and RR ratio ? plus do you use metatrader or any other platform as the screenshots show?
2. Price reenters demand area again on high volume compared to previous. But this time the next 2 red candles show low volume indicating the smart money does not want to take price lower. When price turns upward volume starts to increase meaning smart money wants to take price higher. The BUOEB on increasing volume is a no brainer trade for me.
Stop losses are an instrument used by retail traders showing the smart money where to play their tricks. A stop loss is an ORDER which the smart money can see. I use only mental stop losses. Risk:Reward is jargon used by retail traders. I pay no attention to it. My trades are based on market structure.
The Past
When P came back (today)
Read it right but the drop didn't play out like I expected and got spooked.
Q. Is there a way we can feel more confident in our anticipation when P plateaus at a level and buy / sell orders are fighting it out in the background, whether P will continue in our expected direction?
and then the News:
Reading the Price seems to be about tracking the decisions at the important turns and levels.
An issue I have with SD+PA is too many possible options. In hindsight one can easily explain decisions (mostly) and relate and correspond PA by looking to the left of the chart. In real-time however I don't know which one it will be.
When P came back (today)
Read it right but the drop didn't play out like I expected and got spooked.
Q. Is there a way we can feel more confident in our anticipation when P plateaus at a level and buy / sell orders are fighting it out in the background, whether P will continue in our expected direction?
and then the News:
Reading the Price seems to be about tracking the decisions at the important turns and levels.
An issue I have with SD+PA is too many possible options. In hindsight one can easily explain decisions (mostly) and relate and correspond PA by looking to the left of the chart. In real-time however I don't know which one it will be.
- #30,258
- Apr 24, 2015 12:49pm Apr 24, 2015 12:49pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Took the close of the pinbar shown. Another no brainer for me. J16price bars, although not always, are often my trade signal if they occur in the right place at the right time as this pinbar did.
This is a scenario that occurs over and over. Price creates new zone. Price returns to the zone. In my case I look at volume in the created zone and volume as price enters the created zone. Here volume that created the zone revealed background buying with the close of the candle on it's middle. Then price created the pinbar on relatively high volume.
This is a scenario that occurs over and over. Price creates new zone. Price returns to the zone. In my case I look at volume in the created zone and volume as price enters the created zone. Here volume that created the zone revealed background buying with the close of the candle on it's middle. Then price created the pinbar on relatively high volume.
- #30,259
- Apr 24, 2015 4:34pm Apr 24, 2015 4:34pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Without VSA, you're playing checkers while the Smart Money plays chess.
- #30,260
- Apr 24, 2015 4:49pm Apr 24, 2015 4:49pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
The Euro was pretty interesting today: {image} {image} {image} {image}