Ivob’s channels, volume, and VWAP thread (EURUSD) forex
I have been (day)buying and selling foreign exchange for 15 years now buying and selling solely EURUSD in the previous few years.
I grew to become worthwhile however method after 10,000 hours of screentime I need to add.
Made all errors within the ebook (and its cousins) and hopped from methodology to methodology. However I by no means gave up, grew to become extra disciplined and finally gained sufficient expertise that it simply needed to work.
The rationale for this thread is twofold.
1. I discover it attention-grabbing for myself to have some type of documentation of my very own methodology.
2. I encountered numerous BS in my schooling as a dealer and wish to provide one thing completely different
Aside from trades I take and my view in the marketplace there are issues I’ll talk about for positive:
– how do markets really function? How does our mind function?
– Timing, cash administration and emotional management.
– The facility of channels, quantity, VWAP
– Attention-grabbing methods for execution
– Some MT4 customized indicators I developed
– and so forth.
You’ll discover whereas we proceed that I’ve a totally completely different view on the markets and buying and selling than what’s frequent. For example I don’t imagine in edges, statistics or revenue targets. I imagine in understanding the market. That’s the solely edge.
This can all turn out to be clear whereas I proceed. I invite folks to ask questions and to provide their very own suggestions.Preflight examine EUR/USD
We already moved 94 pips… handed the excessive of Friday the place value was rejected at resistance (1.236) and fell again.
94 pips is so much for this time of the day.. .Likelihood is very excessive for a rebound again up vs value taking place entire day lengthy.
I don’t predict (or ever act on prediction) how far it would go, simply anticipate on change and act on details.
pattern is down, quantity is regular. Necessary help at 1.2250. We’re not very far. Can be on the lookout for longs there.
Technique: will search for pt3 down under VWAP (round 1.23) however for longs round 1.225
Ivo
I’ve connected a great indicator, discovered it someplace.
Many many many thnx to the creator of it.
Settings:
setAtDaysBack true
daysback 1.0
UseManualDrop false
PastDisplayClearanceBars 400
SetAtConstantBars true
ConstantBars 950
HistogramAmplitude 120
SD 1,SD2,SD3 true
Histogram should you prefer it
PVP is the purpose of management, i dont prefer it.
Present VWAP true
I apply it to M1 and M5.
Be very very very carefull!
Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD) Worth under VWAP = BUY!!Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD)
Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD) Worth above VWAP is SELL!!Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD)
Purchase low and promote excessive!!
VERY VERY VERY Aggressive institutional shopping for/promoting usually at SD 3. BE CAREFULL and dont promote within the SD2/3 space under VWAP, DONT. Dont purchase viceversa..
After u use this indicator you will notice why the value generally transfer as quick because it does… 40+ pips in a minute… It’s usually the SD3 space.
SD = commonplace deviation and you’ll be able to calculate it, this indicator does the be just right for you. Very nice one.
Reprogram your mind… When retailers promoting, the bigboys are shopping for…
Who makes the cash on this world.. We as retailers or the bigboys Ivob’s channels, volume, and VWAP thread (EUR/USD)
That is the weapon they use.. U will see. Ivob’s channels, volume, and VWAP thread (EUR/USD)
Altering the SD colours (the traces) above VWAP to promote colours and the under VWAP to purchase colours.. It’s going to assist.
In my buying and selling i take advantage of two colours, crimson for promote and gray for purchase… Simple to recollect and straightforward in your brains Ivob’s channels, volume, and VWAP thread (EUR/USD)
What works good is that this.. Add a MACD, settings 34,55,9… If momentum altering, the MACD will change from gray to pink. You place a SELL LIMIT on the opposite aspect of the VWAP, @ SD1/SD2 or SD3 so ABOVE!!!! the VWAP.
Look left… What do you see..? Usually they are going to retest the final excessive..
Take revenue.. Usually the SD 3 under the VWAP!
For purchasing viceversa.
Yesterday on the e/u… M5… London was promoting from the SD 1 above VWAP.. Retailers getting in, assume they should promote.. Sudden value shoots up and retested the final excessive/SD1 space.. The market prompts quite a lot of promote limits orders on the SD1 and momentum modified good from shopping for to promoting.
Goal.. SD3 under VWAP…
Activating quite a lot of purchase orders once more within the SD3 space under VWAP and value moved sluggish again to the SD1 above VWAP.
The samething occurs there… Promote orders the place activated and momentum modified to promoting.. Once more the goal was the SD3 under VWAP!
The following day (As we speak).. London begin shopping for.. Large cash may be sluggish.. Worth moved up and up and up and sudden within the New York afternoon close to the VWAP there was an enormous selloff again to the SD3 under VWAP…60+ pips in a minute…Ivob’s channels, volume, and VWAP thread (EUR/USD)
Actually harmful and that is the killing what they do… It’s the shake out candle you usually see when a brand new pattern is began…
What was intelligent to do.. Being silly and observe the MACD merchants… “Momentum modified.. So whe gonne buyyyy..”? Or… Let the momentum change an you simply WAIT as a sniper within the SD2/SD3 space BELOW VWAP, with a purchase LIMIT order Ivob’s channels, volume, and VWAP thread (EUR/USD) .. PATIENCE is the important thing.
Within the SD3 space there the place a lotttt of purchase limits.. Worth touched the SD3 and JUMPED proper up Ivob’s channels, volume, and VWAP thread (EUR/USD) to the SD1 above VWAP.. 70 pips in a couple of minutes!!!Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD)
THINK WISE, dont be silly and play the sport!
SD 3 can be usually the 113/127 space the place it’s excellent to promote and purchase as a result of it’s simply above/under the final excessive or low the place retailers assume they should purchase/promote.
REPROGRAM YOUR BRAIN!
Have enjoyable with it!! And keep in mind.. Every part works however nothing works for 100%.. The instance above was a day the place the bigboys the place accumulate there orders.. They name it a “D Profile”…
Rattling folks.. You are life will change!!
I traded the final days very aggressive (Ivob’s channels, volume, and VWAP thread (EUR/USD) ).. Fucked the 2% moneymanagement rule and monday an account was $250.. Now it’s $1200..Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD)
Cash is EASY!!
Take pleasure in!! And commerce secure Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD) Ivob’s channels, volume, and VWAP thread (EUR/USD)
