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


My first trade on USDCAD. Let's translate text on screenshot:
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