Commit to the Trade

Trading the EUR Live



New set up to go long

Trading the EUR Live

Trading the EUR Live



Higher TF view

Trading the EUR Live




We stepped down in TF to manage position as we are in a higher TF Supply.

Trading the EUR Live



After all that clutter on top in the 1 HR Supply .. 1) a break of the 1M Demand Level . 2) we are now below/outside the higher TF Supply Area.. We exited the trade for 20 pips

TSD

As we can see this a tool. It is not perfect. As we can see PA went through this Demand. Based on how price left this area you would have thought it would have held.. but it did not. This is why we wait for PA to give more info. This why trading can be so difficult.. Nothing is set in stone..It did however hit the smaller Demand below.

In the end.. Just tool sot help us identify areas of opportunity. PA has the final say at these areas of opportunity.. This is also Friday.. so things can get really goofy at the end of the session????

Hello TraderinSD:

Lots of great annotated charts – Thanks.

Do you ever use the Forex Factory liquidity gauge on the ff home page, bottom right corner ?

Borg

Hi TraderinSD, nice to find you here. Anyway, I see that you are trading spot forex am I right? Does that mean that the volume indicator is tick based? Do you find this kind of volume accurate enough to be used with VSA?
Thanks TraderinSD and keep on rocking

Hi Borg..no I do not

Hi Jovinus,

Volume for me is "contextual".. What is volume doing in relation to price now and in the past. Volume in Forex is activity.. So if we think in terms of activity and not the number of contracts traded as that of futures, we see volume differently..IMHO the only group, party, persons, whatever ???? that can create large volume spikes in any TF is Smart Money, Big players.. retail or a group of retail traders can not create this Volume or " Activity " So when I see the volume spikes "I see" that the big players are very ACTIVE.. now its time to look at where they are being active.. Coming into a Supply / Demand Area.. or maybe.. a Support / Resistance Area.. Were they active in a large range bar/candles.. Not all large range bars/candles have high volume/activity. What about the previous Immediate activity?? Was it building up as price left a consolidation area? Did this activity create a large range bar/candle?.. Did volume all of a sudden dry up after a lot of high activity? Where was price when this "dry up" happened? Do we now see volume/activity entering back into the market?? Is this happening around a Supply Demand Level?

It all about context.. Yes, there are some VSA concepts I use.. but not many.

Hope this helps

TSD

GREAT Stuff..THKS

Hi TradeinSD,

This is a nice and helpful thread.

Hope you don't mind me.
I have questions for you.

Besides hitting stoploss, may i know how do you exit your trades?
Do you exit your trades when they have achieved certain ratio to your favour, for instance 2:1, 3:1, 4:1...?
Or you exit based on other methods? If yes, do you mind to elaborate a bit more?

Thank you and good day.

Trading the EUR - LIVE








We got short on the 60M Supply. Took the trade on the 1M

TSD

Trading the EUR - LIVE







TP #1 was hot for a 2:1 RR.

TSD

Trading the EUR - LIVE





Moved the SL down as price just touched our TP but did not take us out. we had a fairly aggressive rejection so we will wait it out. We may or may not see it roll back over and head south again??

TSD

Trading the EUR - LIVE






We hit out second TP for a 3:1 RR


Total Pips 22

TSD