Sounds good. You can trade MS while learning VSA and getting a feel for it in real time. Just trade a demo account or money you are willing to lose as they say. There is no holy grail and every system, especially indie based, can have bad days/runs.
IF bulls are going to take over it could look like this. Very simple projection based on fib,s/r and symmetry confluence.
Could also double bottom first, I wouldnāt mind seeing that.
Is there such thing as executing good trades during these times of the day? If the market is just ranging with average to below average activity, then Iām assuming thereās such a strategy with this criteria. I make bad, impulsive trades during these hours but as I look at the chart, I know that I misread something. Most yen pairs seem to oscillate in ranges of 30-40+ pips during these times, making it ideal for those who can exploit it. Iām just too eager.
London/NY until 16-18ish gmt and sometimes the first couple hours of Asia will move enough, but chill out. With no discipline you have no chance.
No chance indeed. I intend to read the 500+ pages of your VSA forums lol. By then I should be able to see bad trades vs. good ones, whether itās timing, entry, confluence, volume. Failing is not an option.
Cool, and be sure to watch all the vids.
I have a question on that same chart. Everything is easier in hindsight, which is why I intend to trade the London session for once. But this is my analysis from a VSA standpoint.
More sellers than buyers at the top of the first box. Then a big decrease in buyers. Then again, much more sellers coming in. Looks easy enough. So now Iām guessing I should look for the retracement to whichever area the sellers show their hand, the .50-.618 fib I presume. The hard part is to catch the move down without it whipsawing my stop.
Had my first London session. Missed a couple opportunities with the Mad Scalper but VSA provided many more. All in all, a profitable morning despite the early drawbacks.
My best trade, a long on the EJ after I blatantly missed the big move down by selling most of position prematurely. You Live and Learn.
Good stuff. That E/J set up before I got on so it hurt a little to see what I missed. Looks like you marked your entry right off the second bottom. Thatās a bit more aggressive than I trade now and itās considered aggressive as far as traditional VSA. Looking for a No Supply on the 5 and/or 15 as it pulls away from the bottom would have been more conservative.
Make of it what you will, Iām withholding judgement. They have been saying this stuff a couple years already though. 12/21/12 and all that. I guess Iāll be out of a job, but thatās a good thing lol.
Yeah it was aggressive in hindsight. I think my reasoning was because of the high volume on the two lows of double bottom and the weaker volume of the supply between them. I assumed the imbalance would have to play out in my favor. It was costly now that I think about it, thanks for the heads up.
Yeah it is only a matter of time before the Dollar loses its imaginary power, since the whole Gold debacle rather. Itās going to be catastrophic though, so many countries have a fiat as itās reserve currency. Iām just hoping to make some money in the markets before it does lol Iām just getting started!
Hey Pete, or whoever knows VSA. Quick Question regarding volume.
There was high volume at the top of the move resulting in the down move. Another aggressive entry :28: but as price fell, it hit a support. Volume slowly declined as price stagnated. Is this a lack of selling or buying? Or could it be price being in balance waiting for one force to overpower the other?
1 min chart eh? LOL. Declining Volume and lack of price movement says neither buyers or sellers are very active and the ones that are, are canceling each other outā¦equilibrium. This is out of context though, with technical analysis you get a better idea of what a price area represents, and can draw better conclusions.
Lol I was bored before class this morning. But OK I figured, just wanted to make sure. My trading has increased ten fold since I stumbled upon VSA and the Mad Scalper, Many thanks. But do you have any suggestions to what I should begin to look in to or research to even further increase my trading abilities? Whether it be some methodology, fundamental idea, or FX concept, I understand knowledge is power.
Youāre very welcome. Hmm, nothing comes to mind. Itās not like Iām holding back anything, I show everything I do and it works, so thatās that I guess.
I think you will benefit now from gaining experience so all aspects of you trading will just improve over time. Iām STILL learning, realizing it never really ends. Experience goes a long way.
The market has different moods too. In time you will see that and recognize it to help you take advantage. It becomes like an old friend, you know their mood the second you see them.
Yeah, thatās one of the reasons why I came into FX. Itās not only extremely challenging to become profitable over time, well for most people, but itās also something that will allow you to continue to learn. Do you think liquidity in the US will pick up anytime soon? Trading the London sessions will be a daunting task when I go live over here on the East coast. You say after Noon here, probabilities of trades winning go down because of low volume?
Iām on the east coast. Been starting my trading day 8:30am, getting enough opportunities. If anything, things may slow down this time of year. I do take an occasional Asia open trade too. I did wake up at 2-3am for years but I canāt handle it anymore. I have a feeling you are young and can do it. Maybe tues-thurs at least.