[wasp]

Originally Posted by smbtnt »

Yes primarily cable, I can gauge the pair better than most. However lately its been subjected to some battering thanks to eur/gbp, so the noise has increased. Saying that it's still a great mover and ticks all hte boxes in terms of technicals.
How about yourself? You still playing the exotics or just jpy crosses?

Been concentrating solely on the Yens over the last few months. I got bored of cable whilst it went through a quiet period and after trying a few different instruments settled on yens as they gave a better overall picture and best for risk management for me.

The exotics are fun but too many too cover and I prefer to concentrate on just 2 or 3 and spread the equity across them.

[wasp]

Line 'vs' candle dump

[wasp]

FW, can you give me the short version of what VSA is as I haven't the time to read the thread(s) but there is a lot of discussion on it here.

EDIT: No need, the description comes up when you put your mouse over it!

[firewalker]

Originally Posted by wasp »

FW, can you give me the short version of what VSA is as I haven't the time to read the thread(s) but there is a lot of discussion on it here.

EDIT: No need, the description comes up when you put your mouse over it!

You don't know what VSA is?

[wasp]

my little info link has gone now.

I always assumed it was something to do with volume and I do not have volume in FX so never bothered to read anything on it.

[firewalker]

Originally Posted by wasp »

my little info link has gone now.

I always assumed it was something to do with volume and I do not have volume in FX so never bothered to read anything on it.

You're excused for your ignorance

[wasp]

is it volume related?

[firewalker]

Originally Posted by wasp »

is it volume related?

Yes, it has everything to do with volume.

It tries to explain how the smart money leaves footprints in the sense of volume.

Tom Williams originally wrote the book 'the undeclared secrets of the stock market', the latest incarnation of that is "master the markets".

Sebastian Manby is one of the followers, he used to post on T2W too under the nick VSATrader.

However, by first impression, there seems to be some kind of chiasm between the Wyckoff followers and VSA, although the latter is derived from the first. If you need to know more, I suggest you read the VSA I and II threads. Plenty of discussion going on by the looks of it!