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Hello everybody,
I am relatively new to VSA and I want to ask you experts a question.
Attached is a EURUSD daily chart. I missed a trade here. Could you please tell me when I had to go long on the last swing started at point 1? I didn't see any obvious signal until it was too late but I am probably missing something important.
Thank you very much,
Leonid |
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Hi Leonid, this is just a quick recap of what I saw at first glance. You're in an uptrend, higher lows on the swings. You get that big down bar that closes off the low with the next bar up (the area you marked as 1). This confirms buying on the downbar. A couple bars later you get what appears to be a test. You could have gone long after the test was confirmed. It's totally personal where one gets in. You said by then it's too late but a decent strategy is to buy high and sell higher, not necessarily buy low sell high. By waiting for confimation you don't get the best enty price but you do get more confidence.
Hope it helps.