Dang this thread died!
Anyone else watching NZDUSD?
Anyone else watching NZDUSD?
Trust the Market
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Dislikednow maintaining the sanctity of this thread, here's something for VSA traders, I don't use VSA anymore, since there are no good Wyckoff thread on this forum so...... {image}Ignored
DislikedHello everyone! Cant decide for a few days how to manage/trail order. Since im trying to trade from UHV bars (zones) im tried to just set TP to closest lvl of nearest HV zone. But sometimes zone can be for example at 3R distance and then bounce (i catch top/bottom with my TP , so good), but also sometimes its just break zone like a knife through butter and i fix just 1:3. I thinked about partial close and trail rest. For example i close half at 2R and rest i trail like SL at 2R distance of price. But even so my SL's was hitted by shadows to often....Ignored
Disliked{quote} Me personally, I like to just take full profit at zones that give me anywhere from a 3R to 5R and exit the full position and move on. For a little while I tried taking partial profits each time price hit a new zone but found it really skewed my RR rates. To me it seems like I drastically reduce my reward rate each time I take a partial, but that is just how I see it. Attached is a screen shot of a spread sheet I open up every day that shows % to break even. On average my wins are 3.5R which requires a 22% win rate to break even on my account...Ignored
DislikedHi all, I am happy to have come across this thread. I did start my studies on VSA and am now trying to put the things I learned into practice. It is very impressive to have such a big thread. Am looking forward to be a frequent participant. Since this thread is so big, it will take too much time to catch up on all the previous postings. If I may, I'd like to add some charts and ask about what confuses me. EUR vs AUD WeeklyIgnored
Disliked{quote} Going to break this response up into two posts. First post will be on EURAUD. Side note.. Keep in mind that forex volume IMO has never been great on D1/W1/MN charts, but your volume feed doesn't feel right, mainly because of your D1 NZDUSD chart. Try a demo account for another broker just as reference, FXCM/ICMarkets are good. The charts I'm using are from a FXCM demo account.Ignored
DislikedHere is NZDUSD, it's a lot more in depth as I've been studying this pair for a week. W1...Ignored
Disliked{quote} Hi Hawkins, thank you for the fast and detailed answer. Appreciate you taking the time to point me the direction. You did observe a discrepancy regarding my volume compared to yours and suggested FXCM or ICMarkets as a reference. I am trading with FXCM and the charts are from my life platform. I am very surprised that the tick volume seems fraudulent. I need to compare that with the demo plattform and get back to FXCM regarding this discrepancy. Thank you for highlighting this matter. I am happy that my idea is not off. Regarding EUR vs...Ignored