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The times she mentioned are the engine room of the days activity for sure Aaron. If you’re primarily engaged in intra-day plays then that timeframe will be somewhat influential in your decision making. |
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I guess it is hard for me to say, my ultimate goal has been to get to a longer term trade, right now I don't have the ability to trade intra-day. Ideally, I would like to see a trend end, get confirmation of the turn and ride that trend until it starts to peter out (On a Daily Chart.) Right now I am honing my 4 Hr and Daily Chart "edge." I really enjoy these timeframes and my arse has eased into them like a comfy chair. Apparently, the summer months or whatever jittery bucket of nerves are playing out in the markets currently are not allowing for that to take place. GBP/USD had a nice top form about a week ago, got the confirmation and took the short, only for it to drift down a tiny amount of pips and return north to take another stab northward. I banked the money, but it seemed pretty odd to have that little fall in it. Same with AUD/USD and EUR/GBP. So instead of the nice 4 or 5 days of trend, we get quick stabs and smaller profits. But alas, this is all part of the learning curve. Still trying to get my bearings of why sometimes the market gives nice moves, and other times, it is like a 2 year olds tantrum
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If you’re still utilizing vsa? then like she said, you’d be prudent to focus on the times where the participation/volume is in full flow. I'm not trying to hedge or parry your questions, but each person see's things very different from the next one. And most of the decisions, bias & focus usually revolve around the strategies & set-ups utilized. |
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I have actually moved a bit away from
VSA, I believe it was a solid trading foundation teaching me to look at the bars and the horizon, but I find myself doing much better at seeing a hammer, as an example, and knowing that is one type of trigger bar (if placed appropriately in the chart.) The volume associated with it is semi-irrelevant at the moment. Where the volume comes in for me on it is that with that massive volume that takes place with a nicely formed hammer, 9 times out of 10, we know it will return to that area to re-test supply at some point in the near future, so I'm less surprised by that.
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Andre rolls most his stuff over wherever possible. He rarely participates in intra-day visits to the markets, certainly not as an intentioned play. So his primary focus, strategies & influences will be different to someone adopting a more short-term view of the market.
What you really need to do is suck it & see. It would be bad form for me or anyone else to influence or deflect you from researching a particular pair or specific time-zone. What suits your style won’t suit mine & vice versa.
You'll soon get a handle on what works (suited to your style) & what doesn't once you attempt to get to work on a pair around differing conditions. |
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That makes sense, in your office, you may have 10 employees, all with their own style and strategy, as long as it makes the money, I'm sure the person signing the paycheck could care less about strategy.. unless it fails to make the appropriate returns the employee is obligated to provide.
Thanks Anna!
Aaron
07-22-2008, 03:32 AM
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