I trade most of the USD pairs.
e/u, g/u, a/u, nzd/u, u/j, u/chf, u/cad and I focus most of my trading around the US/London overlap.
Hi,
Which time frames do you look before entering into a trade. Also, what EMAs do you use. Look forward to see more posts of the trades you have taken with explanation. Thanks for the help.
Regards,
Prem
I look at all timeframes to get a trend bias of the pair. On my intraday charts, I use a 50, 100 and 200 MA.
E/U has seen signs of strength over the past couple weeks. Price dropped to a major trendline. VSA buy signals around this area could get me in a long term trade.
Notice on the 30m chart between the arrows. Some heavy buying. Especially the thrust inbetween where the upbar closes with a small spread but the same amount of volume as the bar before it (possibly absorbing sellers).
Hi,
Can you post some more pics of the strategy that you use.
Thanks,
Prem
EnPoint, I think the point that the other members are trying to make is that that VSA presented in FX is generally based on the number of ticks, and not the volume of trading. In traditional markets, we are talking about how many contracts/share/etc are traded, in forex its how many times price moved.
I’m not discounting your trading style, just expanding on what everyone else was talking about.
I’ll be in this thread for now on: