Aug 28, · Wave count, Elliot Wave is far too dated to be of any real use long term in Forex trading, it does appear, but it's not reliable enough, and it it's not frequent enough, however market symmetry is a much better prospect, it's . Foreign Exchange market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading/Forex, you should carefully consider your investment objectives, level of experience and risk appetite.
Not sure how long I will continue it. These trades are according to my method taught here: Another week behind me. Time to get off the computer and hit the recording studio to be on another computer lol. Too much attention to inflation dat Looking to open a Forex account? Open Live Open Demo. Continue Browsing Download App. Full Report User's Page Message. Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. I am still following with avid interest and demo trading Mad Scalper while deepening understanding of VSA.
Let's make it legendary. I'm on the first page. Thanks Pete, I guess you gave up creating that pdf of important posts you talked about earlier? Keep up the good work! I'm very new into learning VSA and I find it pretty amazing but it is also sometimes very confusing. Anyways, I highly appreciate your renewed effort and time to startup a new thread. Practitioners of this method are very rare and like minded people are really harder to find.
Thanks to the internet and great forum like this one. I really don't know why good and solid methods such as this has been shoved under the carpet by the mainstreams. Is it okay if I ask some of my doubts with the charts in this thread or do I make the doodles in other thread? I'm following stocks and I thing it doesn't really matter which market we follow while applying VSA principles. I think VSA is one of the best skills a serious trader can invest into themselves.
Thanks for the vids. That's been my schedule for a while now. It's a good balance between making it in time for setups and getting sleep. I'm 35 now and yeah, I can't do it like it used too lol. Anyway, just looking at the charts now. As I said in the new video, we are technically in Accumulation phase on 1hr, but looking at these up moves today on the 5 min, there is a lot of supply showing up.
I would have to say clearly more selling pressure is there right now and it's acting more like redistribution. If you stay with SM and buy low sell high, and manage your trades right, you can still profit on scalps. See the ND on that chart there, those are my favourites, same with NS, trend continuing, high prob trades.
Not exactly sure what type of crowd you are trying to attract here with bunnies and chocolate chip cookies, Pete! Lol I know I been absent lately but Ill try to make some appearances and help get the newbies on the right track with ya! You are correct in seeing the demand coming in, then the NS, however the NS volume was not lower than the previous 2 candles volume to be technical about it.
If you look left on the 5 min you see much higher volume spikes showing supply as my chart shows. By buying there you are "buying into an area of weakness". Today was a ranging day again. We know why as I explained in the video part 3. In todays case, the supply had the higher volume. Also, I don't trade after 16 GMT.. I can change them. Candlesticks, Chart Patterns, and Price Action.
It could give a fake break below support for a long setup. I opened this myfxbook after a couple requests, mirroring my live account on demo.
Most of it is already there screaming at you to notice. Sometimes the ABC ends up being 5 waves, but that falls into the category of being wrong and still making pips.