Extracted Thread (per thread starter's request)

Hello Dear Rocky,

I have been reading your latest posts with excitement.

I just did not want to clutter your precious thread. You should know that you have a special place in my heart.

Hi Rocky.
Do you enter the market using limit order (the order can be triggered without you having to sit in front of your computer), or you enter manually (you have to be in front of your computer)? In short, do you always attend the position entry?
Thanks Rocky

Hi Rocky,

Good luck with the test. A couple buddies of mine (for scalping reasons) mark weekly & daily H/L and O/C levels seeking price reaction. Far more often than not it does. They are of course on time based and not tick charts but .... the same ... only different. Ya know?

Couldn't agree more that win rate is irrelevant overall. On an almost daily basis I have more losses than wins but at the end of the day, the balance increases. In fact, that's precisely what I'm working on now with the aid of a little fib theory of mine. Not producing more wins but reducing some of the losses. That's not an effort to increase the "win rate" as I really couldn't care less about that. Just want to keep more of what I earn. More often that not it seems, this simply equates to less trades taken in a given time period.

Your method of communicating is fine. You don't need the gift of gab brother. It's obvious you have other gifts. And your charts? ... speak volumes anyway.

21:21 hrs EST. Stopped Out.

12:20 EST Move S/L to plus 11 which locks in $412.50 profit (3 contracts).


13:01 hrs, With 11 pips locked in I'll stay in this trade during FOMC. If it goes against me with a spike I'll lose a few more pips due to slippage but either way it will be a profitable trade.

Hello Rocky.

Want to say a big thanx to share your great trading knowledge with us. Learning a lot from all your great charts. Supply/demand with VSA and volume profile or market profile really rocks.

Please continue your good work as it is definetely helping tremendously lot of us. I am really thinking to move to future trading instead of spot forex.

InnerGrowth

Hi Rocky
Would you please take a look at my chart to see if I'm doing it right?
AUD/USD, 1hour chart
Thank you Rocky and have a nice weekend

Hi Rocky. Thanks for your advice. Your thread is surely a game changer for me who has been trading spot forex for almost ten years before I realize that some ingredients are missing from my recipe. And that ingredients was fibo and VSA.
I agree with InnerGrowth that perhaps we should move to futures, as long as we can take a 10$ per pips hehehe.
Thanks again Rocky

08:45 HRS...Stopped out for -$137.50

Rocky, according to Sam Seiden, when you establish a demand zone, you have to find a candle that shot up in an explosive move. Given that you are using VSA as well, do the ultra high volume when a candle leaves demand area also part of your requirement to establish a demand zone?
Also do you think, if the price return to the demand zone, and it is a valid demand zone, do the price always shot back up? or price can simply linger inside demand zone for quite some time before it shot back up?
Thanks Rocky

Jovinus, good questions. Yes I do look for explosive candles when determining a demand zone along with high volume. But I need to see low volume when it returns to the demand zone. Low Volume coming back to a demand zone means that the Supply has dried up and there is no more interest in selling.

As far as price lingering when it returns the answer is yes, sometimes. If the supply has not been taken out by buyers it will linger for a while. If price explodes up after PA enters the demand zone with a high volume bar know that it was most likely caused by institutions. The "No Supply" Volume bars will help to determine this.

VSA is only a small ingredient in my trading method, Rocky!