Volume spread analysis plus trap traders techniques (Volume Spread Analysis Plus trap traders)
Hi everyone, my name is SmartFx and I have been trading live in the market for about 10 years. Like most traders, I moved from system to system in search of the divine gray. Some of the systems I have traded before discovering VSA include 123 and ABC patterns, indicators, the Elliott Wave Principle, harmonic patterns, some of the Gann systems, Tom DeMark trend lines, supply and demand, and many more. Things changed about 3 years ago when I started trading VSA. I like VSA because it answers most of my questions in Forex trading. Mastering this technology was not an easy task without a one-on-one mentor, so it took me about 2 years to get a better grasp of the VSA technology.
The book I recommend for VSA is "Mastering the Markets" by Tom Williams.
Tom is the founder of VSA technology, the original work of Richard Wycoff.
Some of my thoughts and metrics on VSA are:
1. When a stock attracts a large amount of money, it should enter the profit release stage.
2. The market will take the path of least resistance as supply acts as resistance to rising prices.
3. If the smart money wants to sell then they will need "forced buyers" and "willing buyers" and vice versa if the smart money wants to buy.
4. Climate Volume Focus Low volatility or no demand after a sharp rebound in an uptrend indicates a weak backdrop.
5. Keep an eye on support and resistance levels as they attract volume from buyers and sellers.
6. Watch for price trading to new highs or lows, no trading range on the left, high volatility and small candlestick/bar ranges on up days or down days.
7. For prices to rise, mainly through levels, professional support is needed.
8. Markets rise not because there is too much demand, but because there is not enough supply or sales to drive the market down. In this case, keep an eye on your levels, they will notify you when selling exceeds buying, because it is at these levels that traders or trap traders get lucky. The trap trader area during the EU to US session is a good area for smaller tf entries.
9. Don’t forget about the larger time frame as it spans all market sessions. Watch your daily, weekly and monthly charts.
10. Relevance is very important.
Your questions are welcome.
Ps please don’t allow insults, let’s respect each other
I'm not sharing any screenshots of past results as they are no guarantee of future success. Please also note that what you read here is not trading advice of any kind and traders may lose all their money.
This post will share signals using VSA and discuss trading using VSA.
The book I recommend for VSA is "Mastering the Markets" by Tom Williams.
Tom is the founder of VSA technology, the original work of Richard Wycoff.
Some of my thoughts and metrics on VSA are:
1. When a stock attracts a large amount of money, it should enter the profit release stage.
2. The market will take the path of least resistance as supply acts as resistance to rising prices.
3. If the smart money wants to sell then they will need "forced buyers" and "willing buyers" and vice versa if the smart money wants to buy.
4. Climate Volume Focus Low volatility or no demand after a sharp rebound in an uptrend indicates a weak backdrop.
5. Keep an eye on support and resistance levels as they attract volume from buyers and sellers.
6. Watch for price trading to new highs or lows, no trading range on the left, high volatility and small candlestick/bar ranges on up days or down days.
7. For prices to rise, mainly through levels, professional support is needed.
8. Markets rise not because there is too much demand, but because there is not enough supply or sales to drive the market down. In this case, keep an eye on your levels, they will notify you when selling exceeds buying, because it is at these levels that traders or trap traders get lucky. The trap trader area during the EU to US session is a good area for smaller tf entries.
9. Don’t forget about the larger time frame as it spans all market sessions. Watch your daily, weekly and monthly charts.
10. Relevance is very important.
Your questions are welcome.
Ps please don’t allow insults, let’s respect each other
I'm not sharing any screenshots of past results as they are no guarantee of future success. Please also note that what you read here is not trading advice of any kind and traders may lose all their money.
This post will share signals using VSA and discuss trading using VSA.
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