jethrot
I do not know which triangle and sr level is involved.
Hi guys,
Pete, I have been studying VSA for a while nowâŚalmost one year, under your guidance and the Tom Williams PDF,etcâŚIt has helped my trading like no-other! Also, I must especially thank you Pete for directing me to your forum from the get go.
I have one simple questionâŚI really want to hone in on my Elliott Wave proceduresâŚIâm still quite shaky with it allâŚwas simply wondering if anyone knew any Ebooks that thoroughly explain the Elliott Wave system in great depth.
Hope all is well!
Take care guys,
- Romancandles
Pete please, I do get the videos?
What Iâve learned Pete`s 31 . AUD/USD video:
When there is a clear uptrend or downtrend, the question is whether the next candle will continues or reverses the trend .
Peteâs example takes advantage of reaction to accumulation to likely that the trend will continue. It justify long entry.
When the price sideways between accumulation and distribution, he will erupt downward or upward. The problem - at least for me - to decide whether itâs a fakeout or breakout. The M5 figure shows an example of eruption from A-D coasts.
The example starts with uptrend, which reaches a new height and high volume. But then signs of weakness appear, followed by a rapid reaccumulation, with high volume level. This is at a level where resistance drawable. The price will start back up.
The reaccumulation in M5 TF is made up of three small trends.
a bearish candle with widespread and high volume,
a bullish reaction widespread
a slow downtrend, which ends in a bearish candle with high volume . The lows of the first and the last bear are the same level, and that creates a double bottom.
A resistance stops the rally of the double bottom, and the sideway AR defined.
Sellers enter the market. They are strong enough to create a ND, but they do not can harvest accumulation returned to the previous level. Purchasers of the win, breaking through the AR. NS appears too. This successfully fought effort can be used to long entry.
All reactions are very welcome.
Sorry for the poor english.
.deleted âŚ
[QUOTE=âRomancandles;602492â]Hi guys,
Pete, I have been studying VSA for a while nowâŚalmost one year, under your guidance and the Tom Williams PDF,etcâŚIt has helped my trading like no-other! Also, I must especially thank you Pete for directing me to your forum from the get go.
I have one simple questionâŚI really want to hone in on my Elliott Wave proceduresâŚIâm still quite shaky with it allâŚwas simply wondering if anyone knew any Ebooks that thoroughly explain the Elliott Wave system in great depth.
Hope all is well!
Take care guys,
- Romancandles[/QUOTE]
Elliot wave is not a system, more of an observation. It is about as useful as bollinger bands.
Like most of these tools used for technical analysis, they where implemented in the financial markets many moos ago within the stock environment. As FX is much more volatile, the effectiveness of these tools is very questionable.
Even Tom Williams didnât make his money using VSA in the FX environment.
Hey guys, Iâd like to invite everyone to a live webinar at NY open, Monday. Itâs much easier to answer questions that way, and give detailed answers. We can look at how I use Elliot wave as one of my tools (since that was brought up), and anything else you guys want. I can also do live analysis on a few pairs which should be very helpful for learning the method.
So donât forget! Tomorrow (Monday) at 9am EST. Iâll post the info here in the thread just before we start.
If the webinar is free, could you record it and upload it to your youtube channel please? I would really appreciate it since I am at university on Monday. Thanks
Yes it is free but Iâm not planning to post it on youtube, sorry.
Hey Pete, for your webinarâŚdo you need to sign up to your site?
Or will it simply broadcast once it hits 9am EST?
Thanks a bunch!
- Romancandles
is anyone know where this webinar isďź I mean the addressďźthanks
sorryďźi mean where the webinar is ? est 9:00,thanks
Free webinar today:
Visit Webinar & Online Conference | GoToWebinar Enter meeting ID: 930-025-274
EDIT: Webinar over.
Hey Pete, silly questionâŚyet, how did you get those extra perks on your FX platform, the shapes tool and a freehand line toolâŚwith my MT4 demo itâs simply a Trend line tool, yet, it is definitely not freehand and will not allow short lines, simply long, geometric linesâŚquite annoying.
Thanks again for the great Webinar!
Kind Regards
- Josh.
Youâre welcome. We covered a good amount but time fliesâŚand the charts were pretty dead today, so maybe another webinar in the near future.
Right click the trend line tool, click customize, and insert or remove tools that will show up in the menu.
aw sorry i missed the webinar. It looks like a nice JPY buy basket setup possible with the 10pm announcement fyi.
Iâm very interested in learning this, please write here when the next webinair will be 
Hi jethrot, ultra newbie hereâŚwhat announcement was that? and where do I keep up to date with such announcements?
Kind regards
Anton
Hi jethrot,
What is an indicator at the bottom on your chart?
Forex Economic Calendar @ DailyFX there are others. MyFXBook, Forex Factory. its not essential to trading, but Pete says to always check it before you trade, and I can vouch, Iâve been scalping before and bam! market blew my account, and didnât even know about news then lol. blew a $1000 account on Sept 18th. EURUSD. check it out. needless to say, I began to learn about fundamentals that day.
The news with 3 red exclamation points tends to move the market the most. Watch out pound sterling tonight! Ill have to set an alarm and wake up for it. It will be middle of the night for me.