Thanks for the quick response. Does it mean (for shorts) in case a ND is formed above the 14 EMA a break with relative low volme of the 14 EMA is your confirmation with a stop above the top where weakness occured?
Would be great if you explain your entry possibilities in detail during your “Basics of my trading mthods explained” series.
Your Method is too fine tuned? Sounds like a complaint. But don’t worry, if you kindly ask me I will show you ways to solve the problem
Haha, yes big problem. In the example you gave of a ND before testing the 14, the entry below that ND is valid. Over time I’ve really started to wait for the 14 break in almost every situation…so yes I would enter the trade as you described.
There are a handful of variations for entry, but they should all be logical. Yes, I will make another video very soon. I was thinking of clarifying this “test” stuff next anyway.
I was wondering if anyone could help me. I’m new to this and currently using Fxpro for volume data on MT4 is there a more reliable volume data company I could use instead. Does anyone in here use fxpro. Pete i’d love to here your thoughts on this also?
Loving the enthusiasm and optimism. It’s great to come across an established thread (albeit continued) and strategy that is still going after a few years. Thanks Pete for your hard work and dedication. I’m really keen to embrace your understanding of VSA and look forward to ploughing through the countless videos and posted literature as well as signing up to your training room.
I’m not a complete novice as I have spend the last week going through your youtube video archive and, although slowly, things are falling into place.
I have a few questions I’d like to ask if you don’t mind before jump in full time and sign up to the trading room.
Trade Frequency - On average, I say on average because of course it depends on how the markets behave, but based upon your last 12 months of trading, how many trades a week/month can I expect to be taking?
Expected Return - I wouldn’t embarrass anyone by asking how much money they make so taking percentages, what kind of % return are you making on a weekly/monthly basis. Again, averaging the results.
Drawdown - My understanding is that Drawdown is the biggest consideration for any trader. Again, talking percentages, what is the relative and absolute Drawdown have you experienced ?
If I come across as direct, I apologise in advance,
Thanks
Any advice on how to handle the US elections? Simply not trade on November 8/9? Do you have any experience with past elections? Are the markets usually quiet so that there is no reason to trade or are they as volatile as always?
I am a completely new trader and looking for my first trading system. This system looks strange to me, but judging from the comment of others, it seem to be a good one. How do I understand this system and where do I start from?
Ive been following both of his threads and what he explain sounds logical. Is bad cuz peoples dont contribute at this thread like in past. Keep up the good work Pete.