Can we go lower of course but theres some tricky areas to clear as we are right on the end July lows. I'm out of the market at the mo, after good run down. Will prob only trade again in an hour or so pre US open.

Psych Levels, Pivots, and Trendlines - Resurrected

1st trade of the day, 1 min. After that selling the good candles from 5 min, shooting stars in downtrend, take your pick.

Psych Levels, Pivots, and Trendlines - Resurrected

1st trade of day, out at yellow line 62% ext of Fri's low for + 17. Yellow line exit doesn't show yet in this pic, its at 6408.

Mrs V's fave 1 min entry

The idea of buying bottom of triangle and selling the top. If you see it can work well. This 5 min triangle was part of a much bigger one. The idea is that if you buy at the bottom and it breaks you are in move very early, move stop to BE asap. Same ...

Psych Levels, Pivots, and Trendlines - Resurrected

If gu can break the 15/85 areas theres a high prob that those levels on the other side of an even number will get hit i.e. see 1 min chart above, broke 6515 hit 6485. Again on a re-entry like this I'll only want to risk 7/8 pips and will move stop ...

Psych Levels, Pivots, and Trendlines - Resurrected

The speed of the move down surprised me, obviously that selling vol from y's high had not yet been absorbed. One of the tricks I've been taught and sometimes get right is to sell the lower high close at the top of the triangle. Was actually posting ...

Psych Levels, Pivots, and Trendlines - Resurrected

Not used very often but as its in the threads name, we came close to breaking the upper line (not shown just eyeball it) on 1 hr. We're still in the big triangle.

Psych Levels, Pivots, and Trendlines - Resurrected

Another lower wick on 1 hr does support case for move up to me. Of course I could be wrong.

Psych Levels, Pivots, and Trendlines - Resurrected

Was big vol yesterday around the high (key level from 3 June) and following lower close candles on 1 hr. Don't see this vol absorbed yet. 62% fib of y's range 6550 defended so far. Its either held or the break below quickly rejected. If we don't get ...

Psych Levels, Pivots, and Trendlines - Resurrected

Love it, don't know what the heck I was doing that I missed this. Lower high, shooting star, doji formed evening star pattern, nice one EV.

Psych Levels, Pivots, and Trendlines - Resurrected

You can sign up at url and they send out an email every day. Not on forex but that doesn't matter they have lots of charts with explanations of whats happening vsa wise so you can start getting an idea what certain set ups mean.

Psych Levels, Pivots, and Trendlines - Resurrected

Meaning that this trade does not quite meet my requirements yet so I'd be happy to let go and not worry what it does. There are more than enough trades that do meet my requirements.

Psych Levels, Pivots, and Trendlines - Resurrected

Malcolm is regarded as 1 of the better vsa traders around and he's always saying don't trade vsa from 1 candle, rather whats the whole picture.

Psych Levels, Pivots, and Trendlines - Resurrected

Barry I'd ask vsa questions on the vsa thread, there are some very good guys there. Pushed up to 135.91 where there is a monthly pivot level M M3 plus todays open. There was a high vol push up a few candles earlier which didn't follow through so ...

Psych Levels, Pivots, and Trendlines - Resurrected

Was selling ej this morning. Asia saw market fall through y's low to S1. No demand in the push up, an upthrust closed on S1, sold below 135.00.

Trade Using VSA (Volume Spread Analysis)

As a matter of interest since I have (again) left indi's, as this thread started out, the trading performance has improved. A basic vsa knowledge has I believe also helped.

Higher low, lower high system

Trades missed GU. Normally the 1 hr lower close in a down trend would be looking to sell, there was a shooting star on 5 min the candle after the 1 hr close highlighted. Thought a little too much and convinced myself that the monthly pivot 6475 was ...

Higher low, lower high system

I sometimes forget to post here. Trades I took and trades missed. Took - EJ 1 hr the fall to y's low had little (no demand) follow through up, then early Asia saw a fall to S1 then again no demand, with a shooting star close on S1 was just ...

Higher low, lower high system

Yes whilst I'm miles from competent on vsa the above doc's did help explain candles in a way that I've never seen elsewhere. As I place major reliance on what the 1hr is doing this has helped me significantly. The reason I was selling ej, y's low a ...

Psych Levels, Pivots, and Trendlines - Resurrected

OK my internet connection is vveeerrrrrrrrrry slow so I'm outta here for a bit, cheers.

Psych Levels, Pivots, and Trendlines - Resurrected