I' ve been trading for 2 1/2 years. I explored MP VSA MD and now I'm trying to learn statistics.
spoke to many traders most acknowledge that statistics gives an edge.
I'm reading about this equilbrium cross. seems confusing but has lots of sense and logic to it.
I am slow learner somehow. but I believe this equi cross and other statistics models are helpful.
I wanted everyone's help on this thread. I want to explore the combination of MP VSA and EQUI CROSS or any statistical model to refine entry and exit. All traders can contribute to it by finding and exploiting an edge hence creating a simple system method to help us enter and exit profitably.
After two years I'm still unable to turn profits. my entry still suck.
My analysis starts with:
1. Weekly up or down. sort of hint what to expect next week immediate trend
2. I look at weekly pivot and add weekly, and daily range for intraday.
3. I use 5day VAH LO and POC as boundries for intraday S &R
4. VSA on weekly to confirm next week supply and demand.
5. Gap consideration and buy low gap and sell high gap.
6. coming intraday, I trade london open and sometimes Frank's open.
7 I enter on support and resistance. in the direction of the weekly, intraday range trend.
8. I enter on S or R only and in accordance to the trend ( usually Im right)
9. I use 30pips as target 20pips as stop loss
So these are the steps I use. and most of the time My support or resistance numbers come in to the tick and turn the market to either side.
BUT here is what happens. I get in at support on the long side. But get taken out first before price moves toward my goal.
I tried different combination of entries and executions. all fail.
what am I doing wrong?
I'm sure many traders share similar views and issues.
Lets get some feed back and help from other pro's.
ENTRIES AND EXITS
Open Discussion to all.
I will be recapping posts and results and combine all in one post as we go.
One thing I ask of all, lets not clutter up this thread. I wanted to be OBJECTIVE so we all can benefit .
indicators can be posted, but please remain objective and all indicator should relate to the topic.
Each one of us is good at something or many things. You are better than me at entries. I'm better than you at other things. lets join efforts toward one common goal.
I truly believe I'm only missing a small piece of the puzzle. So are you
I can learn from you!!!!!
Fx Profits
spoke to many traders most acknowledge that statistics gives an edge.
I'm reading about this equilbrium cross. seems confusing but has lots of sense and logic to it.
I am slow learner somehow. but I believe this equi cross and other statistics models are helpful.
I wanted everyone's help on this thread. I want to explore the combination of MP VSA and EQUI CROSS or any statistical model to refine entry and exit. All traders can contribute to it by finding and exploiting an edge hence creating a simple system method to help us enter and exit profitably.
After two years I'm still unable to turn profits. my entry still suck.
My analysis starts with:
1. Weekly up or down. sort of hint what to expect next week immediate trend
2. I look at weekly pivot and add weekly, and daily range for intraday.
3. I use 5day VAH LO and POC as boundries for intraday S &R
4. VSA on weekly to confirm next week supply and demand.
5. Gap consideration and buy low gap and sell high gap.
6. coming intraday, I trade london open and sometimes Frank's open.
7 I enter on support and resistance. in the direction of the weekly, intraday range trend.
8. I enter on S or R only and in accordance to the trend ( usually Im right)
9. I use 30pips as target 20pips as stop loss
So these are the steps I use. and most of the time My support or resistance numbers come in to the tick and turn the market to either side.
BUT here is what happens. I get in at support on the long side. But get taken out first before price moves toward my goal.
I tried different combination of entries and executions. all fail.
what am I doing wrong?
I'm sure many traders share similar views and issues.
Lets get some feed back and help from other pro's.
ENTRIES AND EXITS
Open Discussion to all.
I will be recapping posts and results and combine all in one post as we go.
One thing I ask of all, lets not clutter up this thread. I wanted to be OBJECTIVE so we all can benefit .
indicators can be posted, but please remain objective and all indicator should relate to the topic.
Each one of us is good at something or many things. You are better than me at entries. I'm better than you at other things. lets join efforts toward one common goal.
I truly believe I'm only missing a small piece of the puzzle. So are you
I can learn from you!!!!!
Fx Profits