I caught A/J short yesterday. 3 AUD trades this week, all shorts winners…and one G/J long aggressive after news on 1/4 position that failed, so 3/4. Doin it live, yeah yeah.
I’d love to trade AJ…I am at work during all the nice VSA swings…and the irony is I am Australian. Though, I’m liking the AU trades during high impact US news…good set ups there. Being good Friday…the AJ Is a ghost Town tonight. Though, might look for an AU trade come tonight’s news.
Has anyone read Steve Nisons book? Thank you pip daddy for the suggestion (watched your video.) Its a great little book. Happy trading, guys.
[QUOTE=“petefader;692035”] That vid LOL. Yeah, I was hyped. That was the most money I made over a 6 week period or so at the time. It got surreal. It’s tiring to trade at 3am London open, but totally worth it. When I traded NY I would often see the setups I missed and have to try to find my way in…and fast because in a few hours the market slows down for the day and I could get stuck with my trade floundering around in a small range. Now I can take my time, no rush. It’s more relaxing and I just let setups come to me. Often I’m hitting targets on NY news, instead of looking to get in after news settles. So much better. I have found some of my live sessions popping up online so I try to limit giving out recordings now, but in your case I’ll do it. We’ll try to catch up on Skype or email me.[/QUOTE]
Thanks a lot Pete!I’ll Skype you later 
Is this his (Nison’s) Candlestick book? Going to give it a once over this weekend.
AUDUSD was the opposite of the short from a week odd ago Climactic move on the daily to take out the lows, head & shoulders, first retracement to 50%, long, lovely stuff
What GMT are you RC? Perth or East Coast? (or Radelaide?)
AJ’s best times (empirically) are like 8am GMT +8 or the NY Open, if you can sneak away for a coffee at those times & put a position on!
Melbourne, my friend! ;). Also, yes…I believe I need to bring my PC to lunch breaks…that’s a great Idea! I’ve been finding myself making my way home by about 7pm…trading bits of the Eur and London open. Then, I’ll stay up to trade USD till hopefully 3am…a bit hard to endure any more hours…Man, especially watching a sideways trend on the 5min push through or simply obliterate your set up…that’s always fun! 
Yes, this Steve Nison book COMPLETELY compliments VSA and Pete’s Method. An easy read too, you’ll already know half the patterns he is talking about! Fascinating stuff!
Happy Easter, friends!
- Roman Candles.
Morning Guys & Girls, hope everyone had a nice Easter.
Thought I’d share something that I’ve been using while I was “in the Wilderness” and not posting on this thread. It helps to explain what sometimes seems like an erratic move or reversal in price. Yesterday (Monday) is a good example.
The USDx or Dollar Index. It’s a basket of the Major Pairs & a couple of minors, have a google of it. Some brokers offer it as a chart within MT4, forexltd from memory, but I wouldn’t recommend their volume feed. Anyway, long story short, it’s worth keeping an eye on the USDx as the overall “feel” for the market, it’s S&R on the daily and 1H tend to get pretty well respected. Here’s a snap of the Daily TF and yesterday’s bounce:
hi, i’m trying the indicator nsndhistroy, but i found two types of ns and two types of nd, does anyone know the difference.
here are the pictures.
Hi sialormoon, in the no demand example, looking at he candles themselves the “darker” green satisfies the criteria of a no demand candle, the lighter green arrow highlights a doji, not an ideal candidate for a potential no demand.
You can dig into the code in MQL4 and see what the criteria is, but I do know that the darker green/pink is a better “fit” for the NDNS criteria. Check out Pete’s video on youtube to clarify.
G/U long running nicely. Got in about an hour after the gbp news. Doesn’t get much better than that setup. If you’re interested…Find it, mark it, post it and I’ll respond. Use 1hr and 5 min, draw all relevant levels. Money. :22:
Hey Pete,
I totally see that set-up and it’s validity, (Pity I was working during!) ;). Though, is the volume on the preceding down bar still valid if you have set up your AR based on the following down bar, to which the vol’ was not as excessive…? (Referring to the two large down candles after news.) I guess buying was sustained since a successful AR was acknowledged.
Hope that makes sense, mate.
Kindest Regards,
- Romancandles.
hmm, not sure exactly what you’re asking. The 5 min news candle was very high vol as usual. The next candle was also very high but a bit lower, typical. That second candle never had a close below to follow, making it a sign of strength technically. On news in particular, I watch the initial move and see the reaction. Often the first 5-10 minutes is a trap, which it was. That all occurred at the 61.8 after ABC retracement during markup. All very typical. As far as AR, I didn’t wait for a push…just the AR to setup and the test which gave NS. Hope that answers. If not, mark up a chart and post.
Yep, all answered…I had assumed the same theory.
Cheers!
- Romancandles.
I don’t see nuttin.
I’m seeing a USD/CAD set up…could shoot up, then, come FOMC…boom…back down for another long set up. Just speculation, of-course.
Check out the daily on U/C roman, cleared out the lows right on the New York trading time & at 1.2400 
Here’s AUD this morning, back to the black screen, white was burning my eyes!
Youtube - “Predicting Price Like a Pro… with Basics!”… I reckon it’s one of Pete’s best.
This setup… daily chart, bullish candles but a bit top/wicky, still really not “nestled” into that resistance, I wouldn’t consider this entry if price was up around 0.7720. AUD entries (imo) are either in the early Asia session, or NY session, so I’m happy with this one.
Daily TF
Confluences:
- 61.8 fib,
- Order Block (not this thread),
- Repeated extensions & pullbacks,
- trend line,
- 50ema,
- volume!
Hourly, entry was a more aggressive one on the 5m/15m, picked off from the bottom with a +10 SL, still up around 3.5:1 just now.
happy days.
I had no trade yesterday looking at London open for a few hours, but now I get the plan. See all that buying into down moves? It’s going to pop. Be aware of the GBP news. It’s coming.
a break of this low on G/U just now would be much appreciated
Interesting to watch the Aussie just “sitting there” waiting for EU and GU to spring
Just noticed this on EU while price decides what it’s doing today… nice 1h wyckoff on E/U for the lazier crowd
Man that G/U just makes you weep tears of joy
fyi, ADR(5) for G/U today was 125 pips (average daily range)… today at the low, it was at 122 pips… so fulfilled the ADR, kind of pointing to… the only way is up