VSA in action

Not too happy trading yesterday evening and today: quite substantial losses, yesterday due to big stop let run and it was hit on EFSF rumours, and today on opposite - too small SL and got jammed in ranging price action.

However managed a classic good trade later on on demo, VSA plus MACD. I have been going through my trades and analyzing them, found inconsistency mainly caused by either calling reversals solely on basis on some TL being broker (unreliable) or even horizontal support/resistance broker (more reliable but far not enough) with VSA confirmation only good for few pips and reverse. So I started to look for a filter to those signals and found it in MACD. So, if we have positive MACD on M5 and M1 and on M1 it crossed zero line to down and on M5 it crossed down the signal line - I start looking for VSA confirmation to go short on breaking of the level or momentum candle, by this time MACD on M1 must produce 3 consecutive bigged down bars. Opposite applies to long trades. Trade is open till it hits SL or TP (based on current volatility), or if opposite signal is received (3 bars) then I will close the trade but not reverse unless M5 MACD supports it.

And another one from earlier today, when I just started to apply MACD:

Few live VSA trades today

Entered on a weakness of up bars and high churn, while in a strong down trend aiming for a continuation. Aimed 21 pips, got almost there but was stopped out by a trailing stop at +16. Stop was around 9-10 pips risk.

Another one: first attempt failed, stopped out for 13 pips on a single position, of course I used authomated trade management and did not accommodate for this specific trade, I have learnt the lesson though, and increased default stop level while will be adjusting for a smaller individual TP after the entry.

However, then I re-entered with one and then second lot and closed out in an overall profit counting in first losing trade. The moment I closed it run twice that. I cut my profits too short. Need to learn to let them run, however it is also wise to cover initial loss if possible. So I guess it is a success after all.

Order flow trading today - slightly positive

Not the best example. Lots of opportunities missed, I should start at 7 AM CET and finish at 9 before news start to come out and trends break..