Supply/Demand, VSA, Wyckoff with Petefader

[petefader]

Hey Pete.

As I'm going through your first thread, I've been compiling important posts by you and other knowledable posters as a reference. When (and if lol) I do finish compiling it (along with this thread)...it might help some people. What do you think?

Sounds great. (I can't vouch for the accuracy of information posted by others though)

[subs]

Sounds great. (I can't vouch for the accuracy of information posted by others though)

So far it's mostly your posts with a few from purple, nerokoso, enpoint and procrast so far. It's really the graphs and the corresponding explanation which I hold in high regard.

Unrelated but FXCM tick volume is truly terrible.





This bar occured yesterday at 9:15 GMT. First chart is FXCM and second is Go Trader.

[traderjoo]

Did you short off of a no supply? Of course the price went up, because there is a lack of supply (sellers). It's not odd that the price went up 70 pips, it was supposed to especially with the abundance of signs of strength in the background.

no supply = long entry after next candle close above high of no supply with signs of strength in the background
no demand = short entry after next candle close below the low of no demand with signs of weakness in the background

[subs]

Sorry I didnt make myself clear. I didn't take the trade and my words in the first pic were supposed to be sarcastic .

My aim in that post was to compare FXCM tick volume with a usually reliable Go Trader tick volume.
In the first pic the volume for the shooting star candle is higher than the bar 2 candles to the left..so if you were using FXCM you wouldnt have traded the legitimate no supply or maybe even traded incorrectly due to a crappy feed. Go trader on the other hand shows the volume for that shooting star correctly (volume below previous 2 bars) and would have induced me to go long after confirmation.

[traderjoo]

Just use IBFX MT4 volume feed. Keeps everybody on the same page in this thread.

[haggis]

Hey Guys,

In demo learning VSA. Took this scalp today during Asian trading on AUDUSD. Any comments appreciated?



P.S. this is officially my first VSA trade....

[subs]

Just use IBFX MT4 volume feed. Keeps everybody on the same page in this thread.

I also use it. Handy to have several feeds to compare I feel.

[purplepatchforex]

Hey Pete.

As I'm going through your first thread, I've been compiling important posts by you and other knowledable posters as a reference. When (and if lol) I do finish compiling it (along with this thread)...it might help some people. What do you think?

You might want to check out this posting.

http://forums.babypips.com/newbie-is...tml#post302690

The lighter darker coloured NS has a larger bottom wick and ND VV.

[purplepatchforex]

Sorry I didnt make myself clear.

I think it was clear, I think traderjoo made the same mistake I as I do now and again, you read someone else's chart and make assumptions.

It does seem that FXCM is not a good tick volume to use, BUT you may also find that on the whole it might work just as well, I looked into a lot of different ones last year, and there are swings and roundabouts, but on the whole they give very similar results, but yes, it's better is we stick to the same one for the purpose of this thread and this strategy.

[purplepatchforex]

Hey Guys,

In demo learning VSA. Took this scalp today during Asian trading on AUDUSD. Any comments appreciated?



P.S. this is officially my first VSA trade....

Looks like you are on the right track, but for learning purposes it's better to stick to EURUSD, you will get better critique and help.