RealForexTrader
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- Joined
- 9 September 2015
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First Tutorial
Starting with some basics .
First Tutorial
Starting with some basics of VSA we will discuss what a NO DEMAND (nd) and a NO SUPPLY (ns) look like on your chart. These two signals are the cornerstone of VSA and are very important before an entry to show an inbalance in supply/demand.
The technical definition of a ND is a bull candle closing off the high with volume lower than the previous 2 candles
No Demand Bar: a narrow spread UpBar with low volume that Closes in the lower half of the price-bar.
Price closed higher than the previous bar.
Volume is lower than past two bars.
Spreads (Range) are narrow.
How can you be trading using VSA techniques when you are charting with MetaTrader4 which shows tick volume (the number of trades executed in a bar), not transacted volume (the number of dollars transacted in a bar). How do you trade based on volume signals in a market where the majority of volume is OTC and proprietary?
If anyone was curious about the chart in the above post, it is the 5 minute EURUSD from September 8th. I'm 95% certain the volume graph can be safely disregarded.
Yep,
Have a look at the futs chart from same time which from when I had interbank data would often show same kinda volume profiles.
Tick volume is useless,
and the volume in forex thing is an old argument it is still activity you just change some things
High tick volume would indicate a mix of buying and selling meaning price would not be ready for the push.
Tick volume provides pretty much no additional information to a price bar chart.
How about I post all my winning and losing trades over the next couple days and you post yours?
Talks cheap
Deal?
Call all your trades in advance, publicly, here. Position sizing (can be as a % risked to avoid disclosing dollar figures), stop losses and targets if used.
I'll call you out whenever I see something dodgy.
Talk is cheap.
Deal?
*gets popcorn*
Known Gavin for 15 yrs.
Studied VSA for as long.
Watching with interest.
No Worries and you will post your trades in the same format?
This thread is all yours buddy. Tutorial threads are welcome but there is an expected format, take a look around the forum and see how others are doing it. If you're teaching something repeatable and successful then you will get interested parties. Expect to be called out on content that looks like a sales pitch, we get a lot of it around here.
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