Long GBP/USD +30 pips Accumulated: +175 Gosh, this setup looks almost identical to yesterday's setup. High volume upbar followed by a test on desceding volume. Went long after the bar inside the yellow ellipse closed. Took 45 min to close. Here's ...

VSA Trading Journal

Short GBP/USD: -30 pips Long GBP/USD: +50 pips Accumulated : +145 pips Took a short off what I considered to be weakness, but turned out not to be weakness. The SL was hit eventually and Im glad I got out as price continued to climb. Losing is a ...

VSA Trading Journal

It would be better if you had some knowledge of VSA as the system is a tool to help you interpret the graphs. The system does include certain signals that can help you determine where price could be heading from a VSA point of view. But of what you ...

VSA Trading Journal

Short EUR/USD +35 pips Accumulated: +125 pips This trade was taken much later than usual as during the London session, I saw one potential setup but did not trade it. The setup is 3 bars after the Potential Buyers bar was identified, you could see a ...

VSA Trading Journal

Thanks for the interest, hopefully the system will be ready within the next 2 weeks. Im just working on some security issues, trying to make it harder for the code to be extracted as I had some previous bad experiences when selling this same system. ...

VSA Trading Journal

Thanks for the positive comment. I hope you enjoy the thread. Here is a video I shot of the analysis for a trade I did not take. You can find out why I did not take the trade in the video. video

VSA Trading Journal

Once again, the direction of the move was correctly identified. The price continued to move an additional 100 pips in the direction of the trade. Here is the chart.

VSA Trading Journal

Shorted Eur/Usd for +30 pips Accumulated +90 pips Took a quick in and out trade which took around 30 min to develop. Drawdown was 15 pips and SL had been placed at 30 pips. Have a look at the chart. This shows the bar in which I entered. The TP was ...

VSA Trading Journal

Here's what the charts look like a couple of hours later. As you can see, the trade could have been held for larger profit in both cases. Where TP is set is up to each trader. I usually set mine at 30 for now, although sometimes I go up to 40 or ...

VSA Trading Journal

Short EUR/USD for +30 pips Long USD/CHF for +30 pips Accumulated : 60 pips For USD/CHF the analysis was easy, had a couple of wide range downbars, opened the position after the succesful test followed by another lower vol downbar. For EUR/USD there ...

VSA Trading Journal

I absolutely agree. One big part of trading is the psychology involved in trading. The only way to deal with that is through experience. Sometimes universities are too theoretical, it's better to learn a good trading strategy that suits your needs ...

Universities where you can graduate as forex trader?

I trade the part of the US session that interlaps with the european session and maybe 1 or 2 hours more. After that, volume falls and price sometimes moves erratically, so I can't really read the market. So I wait again until Frankfurt to look for ...

The US Session just sucks...

It is possible to trade for a living, you just need to be very disciplined in your trading. You don't need a huge account to make money. What you do need is proper money management and a good trading system. The way I trade is I risk 2% per trade ...

are you trading for a living?

I use excel, and also keep a screenshot of my trades so I can review the bad trades to see what it is that I possibly missed in my analysis.

Trading and Record keeping

It really depends on your way of trading. In my case, I set a weekly goal. And plan my trades according to that goal, my goal is of 200 pips, and I can get that amount in 3-5 trades, being conservative on the money management. I set my stop loss at ...

Better to close out & take a profit?

Determining a trend can be somewhat simple: A Downtrend is characterized by Lower lows and Lower highs An Uptrend is characterized by Higher lows and Higher highs Now to define highs and lows: High: when price goes up, it eventually has to come ...

What is the trend?