1,500 PIPS PER MONTH with this method, VSA/SR/fibb etc

[Danny_K]

Short EUR/USD

Unable to break the 61.8 fib, high volume in the reversal zone of the last few days, unable to break that either. Low volume candle confirms waning buying pressure.

Damn! I Always misses the good entrys when Im at lunch! :34: Looks like there could be a HS forming?

[fabulono1]

Nope, the volume didn’t pick up enough. Was hoping for a pre London entry…off to bed.

@pete are you not a full time trader?..cos u av been gone for this long.

[petefader]

@pete are you not a full time trader?..cos u av been gone for this long.

Yes, just not a full time poster. :18:

[DodgeV83]

Exit

[petefader]

Hi pete av joined babypips just to follow you av read all your posts and its amazing am glad u dint stop posting when people attacked pls dont atleats for me
i have read vsa several times and am glad theres a clear system or is it method? that i can follow thats fibs and s/r
am watching eu and exactly at 61.8 fib test the pair is going down am in gmt+3 so i may not be able to fully grasp ur trades but thenx soo much good to see ur still around since u joined in 2008 by then i dint even know what fx is .
a question how do i time the sell in 5min chart?

Thanks, you’ll be able to find many examples of 5 min entries in this thread. I have fine tuned them even more, hehe. I’ll start posting again. I’m usually chatting with traders though, keeps me occupied, But I do kinda miss it here.

[petefader]

Exit

I was short G/U but closed at BE when things became very slow…oh well, nice trade.

[DodgeV83]

Three potential trades, the 1HR volume supports a reversal.

[DodgeV83]

I just missed the entries, but a reversal might be in order

[DodgeV83]

All three pairs hit 61.8 on the new fib, and reversed. Unfortunately I have not found a good low volume entry yet.

[DodgeV83]

Short on the low volume test showing no buying pressure and no desire to push past the pivot.

[DodgeV83]

Got out after there was some hesitation breaking an old support line.

Sorry for the spam guys, thought I’d take you through a typical trading session

Edit:

Here’s a screenshot of the selling pressure on the 1HR chart that had me looking for shorts today.

[Danny_K]

Sorry for the spam guys, thought I’d take you through a typical trading session

Don’t apologize Dodge. Your posts are really helpful and I’m thankful that you’re still here and help the ones that need it!

[njokie]

Thanks for the post Babatot. There is a difference between brokers as far as the volume feed. I mainly use ODL MT4 for volume. I am aware of the vsa in forex debate. Tick volume is very helpfull to me, I combine that info with SR, fibbs, patterns… I’ll give an example:

Lets say price is moving up to a .50-61.8 fib level. We are wondering if it will hit that fib level and [B]pull back[/B], or [B]break up through.[/B]
One thing you will very often see, to signal a reversal back down, is this.

The 5 or 15 min price candle hit the level and pulled back forming a candle with a [B]large wick[/B] on top. If volume level for that candle is high compared to the recent range…it’s a give away. Sell orders were hit during that 5 or 15 mins, which caused the spike in volume. BUYERS push up price to hit target, found sellers, may have even closed longs and went short…all creating the increase in activity.

Try to spot this by scrolling through your 5 and 15 min chart.

1. A move up to a .50 - 61.8 fibb, or resistance level.
2. A 5 or 15min candle with at least 40% wick on top, and a [B]volume spike[/B].
3. A reversal down begins, good entry for a sell trade.

*same works in opposite direction, with a wick on the bottom of the candle.

Pete al pick from what you have stated above since i want to be sure am not doing the wrong thing
so i have my chart 5 min and my s/r so if a candle hit say resistance and has a long wick 40% then i should look to sell in next candle ?what else should be the checklist in terms of volume ?kindly clarify for me from this point i have my mt4 volume up bars green and down bars light green i find it better that way ok pete pick me from there and if am lost help me

[njokie]

Thanks, you’ll be able to find many examples of 5 min entries in this thread. I have fine tuned them even more, hehe. I’ll start posting again. I’m usually chatting with traders though, keeps me occupied, But I do kinda miss it here.

could you outline for me some steps in this system i understand vsa almost fully but ho do i combine volume and s/r and fib to have a high probability trade ? thenx

[EnPoint]

Got out after there was some hesitation breaking an old support line.

Sorry for the spam guys, thought I’d take you through a typical trading session

More or less talking to yourself than spam! lmao

[EnPoint]

could you outline for me some steps in this system i understand vsa almost fully but ho do i combine volume and s/r and fib to have a high probability trade ? thenx

1. Read “Master the markets”
2. There are plenty of examples in this thread with the thought process behind each trade. There are no set rules for VSA, its discretionary trading.

[EnPoint]

Life has caused me to switch to primarily long term setups/swing trading. Still using VSA to get in those trades. Looking at a 1000+ pip week. VSA rocks my socks off! This has help alliviate my need to be in the market at all times and stop taking low probability trades. Scaled out most of these trades.

[Ltrader]

More or less talking to yourself than spam! lmao

Note quite enpoint, I’m here learning more about vsa and am quite enjoying his posts!

[EnPoint]

Lol I was just saying as no one else was talking.

[EnPoint]

Most recent trade. Ongoing weakness in the E/U. Constant downtrend. Couple semi-widespread bars down with a no-demand’ish bar (volume not low enough for me) into London low. Entry on break of this bar 3 pips below. Half at +20, rest hit BE.