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Live London Session Trade On EUR/USD March 26, 2015

Full Break Down Of The EUR/USD Trade Taken During The Live London Session Using Trapping Patterns And Volume

Below is a video that breaks down the entry I took on the EUR/USD during the March 26 Live London Training session. Members can view the recording in the members section showing the process of taking the entry came together but in this video I also describe what to look for regarding the volume since the trapping pattern at the days highs was questionable. I do look at what I consider the most valuable aspects of Volume Spread Analysis to allow myself to still build a plan to take low risk high probability entries when the trap isnt clear or the risk at entry is higher than I am comfortable with. This video goes over two of them in greater detail and I also discuss some of the differences between using VSA in forex we must take into consideration when using it to enter the forex market. About 7-8 minutes in you will see a screen shot of entry and price I took the short and booked profit at my standard 50 pip set up. This trade eventually ran over 180 pips so I hope that at least some members that took the entry as well booked a bigger chunk of that. Please comment below even if you only took the standard 40 pips. Its always nice to see members catching more pips than I do 🙂

Chad

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4 Comments

  1. soletrader
    soletrader April 16, 20:49

    Hi Chad,

    Many thanks for this video for the 26th March. I found it so easy to understand and very helpful. Do you have any more videos showing how to use the VSA method or can you point me to the correct location in the DTFL forum.

    Best Regards,

    Howard

    Reply to this comment
  2. Steve
    Steve April 16, 13:43

    Your strategies look promising. I took a liberty (sorry) and back tested. Six months data with primarily EUR/USD and GBP/USD. Interesting discovery: Seems to be more action in the morning Mondays, Wednesdays, and even a few Fridays. Tuesdays and Thursdays seem a bit dead, at least in the recent past. Does this have anything to do with the idea that most news events seem to come on Mondays, Wednesdays, and Fridays?

    I’m about to try your stuff live. Thanks for sharing.

    Reply to this comment

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