Online trading currency, commodity and index futures
Thursday, May 20, 2010
VSA analysis for another trade on currency future
1. Uptrust bars - Weakness on background
2. Strength? - But no volume on following growth
3. Growth with heavy volume - selling?
4. Downtrend on the top, support on the bottom - i was waiting for breakout.
5. Here i placed limit sell order (under support line and 250 SMA)
6. Here i closed half of trade.
The rest part of trade was closed below. Resulting RR 1:2. Not bad.
First online trade with currency future USDCAD
1. Growth on low volume - may be trap? will see
2. Attention on top shadow of candels - it is a sign of weakness
3. Very sustainable fall - confirmation of weakness. But i wasn't in time for opening trade.
4. Here we see increasing volume, but growth can't continue. Why?
5. Very low volume on growth - end of growth.
6. Here i placed limit sell order.
7. Uptrust bar confirmed weakness.
8. Stop loss placed on top of the uptrust bar.
9. Confirmation of weakness - No demand bar with falling volume on growth.
10. Half of the trade was closed here. RR 1:1
11. The rest part of the trade was closed here. RR 1:3
Resulting RR 1:2 - very good.
Thursday, May 13, 2010
Great trade on Euro Fx currency future
At point 1 we see weakness. From that point it is out background. Than we have a bounce from channel's low side. Is it bounce or strength? Next bars show that there is no strength, it is simply technical bounce. Limit sell order under lows of no-demand bars. Bingo!
P.S. still in trade - over 100 pips gain to 10 pips stop loss
Wednesday, May 5, 2010
Euro FX trade using VSA methodology
First, I saw stopping volume (the signal of strength). Then I was waiting for confirmation (No Supply signal). But reverse signal appeared - No Demand. Enter on breakout of low of NoDemand bar. This was my mistake - late enterance, because I could enter earlier on close of NoDemand bar. Stop loss 10 pips, Take profit 10 pips. Trade was succedded
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