I have been learning about and backtesting a new strategy, suggested by honorable padutrader. Many refer to it as Supply and Demand zones. An intro can be found here, http://tradersimon.com/2014/08/supply-and-demand-trading-basics/ Here are my trades for today,
sorry may have mis read the market action. please take my calls on ES with a pinch of salt because i do not know it well enough just trying to get some feed back from other traders who know ES better than me
No problem! I do not expect anyone to be a ginny. It would be helpful to understand the reasoning behind people's thinking.
i think they are good once trade is in profit but not in trading for 2-4 points. and you cannot reduce risk so much that is safe to trade;you are getting money only to take risk the market will not allow it and will almost always trigger it. there are some thing s you have to understand and not easy to explain
I have been busy learning about Volume Price Action and Volume at Price. See a result below. Happy Trading!
i think the analysing bigger market structure is very relevant and VPA should be used on a smaller level to enter trades :using vpa, in isolation, is only good for scalping,although there is nothing wrong with a large number of good trades. i too have been using vpa and have found that it gives fantastic entries which always reaches their RR target but if you want reallly large RR like 10 :1 then market structure and vpa is the way to go