Yes in part... in fact it was a reasonably good example of how I combine VSA with PA (it would have been a great example if it had turned a profit!). I was interested first after seeing the high volume selling a few bars before the pin-like bar... ...

DanUK Trend Trading Journal 2010

Hi Coolshades, If it's a decent setup like a pin or engulfing bar etc I will take the break of that bar. If however it's a VSA based setup without confirming PA I will usually wait for the break of the bar that closes in the direction of my trade... ...

DanUK Trend Trading Journal 2010

EURJPY — Here's the trade... Long off of S1 on the break of the pin bar (shown by the arrow). We had two high volume sells before the pin that made me consider the trade and used the pin that also had high volume as the trigger. I moved my ...

DanUK Trend Trading Journal 2010

Hi all, Quiet morning on the intraday front... I am currently long EUR/JPY and will post a chart when I get home - I shall probably start the new journal tonight and will post a link here if I do! Regards, Dan

DanUK Trend Trading Journal 2010

Thoughts — Hi guys, Thanks for the info on daytraders! Hi zol, Yes I must admit I've lurked on his thread from time to time and it was actually his clear grasp of VSA that inspired me to look into it (VSA) further... should probably send him a ...

DanUK Trend Trading Journal 2010

You will get there... takes a little while but eventually it will click. My trade... I already had the background information to support the theory that prices were going up... that was the earlier selling and push off of the pins of of S1 that ...

DanUK Trend Trading Journal 2010

Yes you're right - and to be totally honest this is something I've always struggled with trend trading. Also the fact that it takes a long time to book your profit (in the daily method at least). Although at first short term trading can seem ...

DanUK Trend Trading Journal 2010

Trade complete... should be fairly self explanatory (but will answer questions if not lol!)... right at the end of London so not ideal time for me but the setup and potential were just too appetizing! 1:3 achieved on this one!

DanUK Trend Trading Journal 2010

Yep, I'm afraid that is just one of those things... your trade did in fact work out... you just got stopped out of it early. To be honest though it's not a great looking pin - go for the best setups only and a little bit of volume to add weight to ...

DanUK Trend Trading Journal 2010

Yep lots of good PA trades around without volume... however I did notice a couple of big selling volume bars (your favourite one... selling climax!) a little before indicating weakness; a great combination. In fact this is one of the best kind of ...

DanUK Trend Trading Journal 2010

Hi, To be honest the main reason is that I wanted to do something that didn't require a commitment to a long term directional bias; even with intraday trend trading you need to do a certain amount of analysis to make sure you actually are following ...

DanUK Trend Trading Journal 2010

Hi, I use FXI Pivots - downloaded from Forex Factory; if you do a search you should be able to find it. Regards, Dan

DanUK Trend Trading Journal 2010

GBP/USD 25/06/10 — Nice easy trade this morning on G/U... price action shows possible topping at the blue rectangle followed by high volume selling closing below the daily pivot and 1.4950 - sold the break of this candle down to S1 - not quite ...

DanUK Trend Trading Journal 2010

Following on from my last trade... this is another potential setup (although I did not trade it; too late in the day for me to bother): My last trade completed on a high volume buy up into R1... a potential sign of weakness; although there was no ...

DanUK Trend Trading Journal 2010

Really? That sounds appealing, lol! How much money would I have to start off with though!?! I tend to move my stop to BE once my trade has achieved roughly 1:1 R:R. This is why I tend to look for trades that have a bit of room before the next level ...

DanUK Trend Trading Journal 2010

Hi guys, Only one trade for today... EUR/USD: 1. Double bottom at 1.2260 followed by gradual buying and then... 2. Buying volume up through the daily pivot and 1.2300 psych level 3. Selling volume pushes price back down below 1.2300 but doesn't ...

DanUK Trend Trading Journal 2010

Hi Coolshades, Yep - nothing wrong with that; when I used to do a little intraday playing I didn't use volume at all - it's only something I am looking at at the moment as an addition to it! But, good PA setups at pivots and psych levels is a great ...

DanUK Trend Trading Journal 2010

Hi Coolshades, Interesting analysis... I think I would agree generally... first two bars show heavy selling pressure and then the third bar is an inverted hammer which as you pointed out is a bullish signal then followed by the fourth bar with a ...

DanUK Trend Trading Journal 2010

You're almost there... that would be the case if the bar in questions was to close below 50% of it's total spread (forming something like a pin bar - the more pin like the better). In the case I was indicating that the buying climax was professional ...

DanUK Trend Trading Journal 2010

That's ok - it took me a while to begin to understand. The book is like an advert but it's worth reading just to grasp some of the concepts they are "advertising"! VSA is about understanding what is going on in the background... something that ...

DanUK Trend Trading Journal 2010