Trend (short-term): UP
Market Background (mid-term): WEAK
Supply/Demand: Recent Demand @ 1.1447
Support (nearest): 1.14322
Resistance (nearest): 1.16215
Next Event: Existing Home Sales (2h 59m)
Next High Impact Event: N/A
Volatility: REGULAR (+0% avg.)
Daily Range (Expected): 1.1420 – 1.1488 / 54% of avg. daily range Completed
HIGHLIGHTS:
- Recent Institutional Buying detected
Here we have an interesting situation that requires attention. Despite of weak background and mid-term downtrend, we have a Support (1.14322) that also is the recent lower range of 1H EURUSD. So, in this case, there is a strong possibility of the trend change, which is why we should look for trend change signals in this area (like short volume and demand signals). On the other hand, if the price breaks Support (1.14322) with high volume we should look for short positions since the mid-term downtrend may continue.
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Setup: Resistance Broken
Order: Long Market Order (80.0910)
Trade result: Failed (didn’t close on time signal)
VSA System will show a BUY alert when there is a resistance broken with good volume and demand signals/strong trend beforehand. I bought at 80.09 and closed at 79.91. However, I didn’t close on time signal, which is something to always look out for.
Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.
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Trend (short-term): UP
Market Background (mid-term): STRONG
Supply/Demand: N/A
Support (nearest): 1.1535
Resistance (nearest): 1.16104
Next Event: Industrial Production m/m (0h 14m)
Next High Impact Event: EU Economic Summit (21h 14m)
Volatility: REGULAR (-7% avg.)
Daily Range (Expected): 1.1549 – 1.1618 / 47% of avg. daily range Completed
Here we have an interesting situation. The price is in the range and we need to look at the resistance which is also the same level of upper daily range. If the price reaches that area of interest then we should look for possible reversals entries and also if the price breaks it with big volume then long positions should be looked for. Taking into account that the background is strong.
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Setup: Support Nearby
Order: Long Stop Order (111.79)
Initial Risk:Reward: 1.73
After an alert on long-term SUPPORT NEARBY, and nearby DEMAND signals, I went long at 111.79. Later it was closed at 112.10 because of Time close signal.
Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.
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Setup: Strong VSA + Background
Order: Long Stop Order (1.3061)
Trade result: Failed (didn’t close on wide down bar after alert)
In this setup, VSA system looks for a demand signal in the same direction as the background, to trade in the direction of the trend.
The long trade was executed at 1.3061 and closed at 1.3043. The mistake was that I didn’t close on wide down bar after alert, which could have cut the loss short.
Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.
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Setup: Dynamic Trend Up
Order: Long Market Order (1.3150)
Initial Risk:Reward: 2.01
In this setup we use the dynamic trend indicator, also integrated in the alerts indicator. We aim to benefit from the immediate imbalance of supply and demand, and enter when the short-term trend is on our side.
The long trade was opened at 1.3150 and closed at 1.3188 (take-profit hit).
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Trend (short-term): UP
Market Background (mid-term): STRONG
Supply/Demand: N/A
Support (nearest): 1.2979
Resistance (nearest): 1.3144
Next Event: Empire State Manufacturing Index (1h 29m)
Next High Impact Event: CPI y/y (1d 21h 29m)
Volatility: AVERAGE (-6% avg.)
Daily Range (Expected): 1.3030 – 1.3112 / 51% of avg. daily range Completed
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We have released a new update on several of our indicators today – namely in the VSA System and News Indicator (free).
1. CHANGES: In the VSA System, a few reported bugs and typos were fixed, and the news indicator got a larger panel so that the titles are fully shown. Click HERE to check all the changes.
2. SAMPLE CODE: We also provided sample code that implements various indicators functions, in case you are looking to implement them in your EA or custom indicator.
- AT-VSA Implementation
- AT-AdvancedVolumes Implementation
- AT-AlertSystem Implementation
- AT-Congestions Implementation
- AT-Reversals Implementation
3. UPDATING: As always, you can update the indicators by either:
- Using the download button that should show on your Metatrader’s charts (with one or more indicators loaded)
- Using your download link
AT – News 2.0
We have recently launched AT – News 2.0, an update that adds the option to show more news on the chart and it comes with an improved and more compact look.
This update also fixed some bugs from the previous version, so if you are using our news indicator, make sure to download the new version for free:
» Download AT – News 2.0 for Metatrader 4 (FREE) «
INSTALLING: simply extract the ZIP file to your Metatrader’s data folder (go to File > Open Data Folder to go to this directory). Afterwards, the indicator will be available in your Metatrader under the name ‘AT-News’.
VSA Trading System
We have recently launched VSA 5.0, an overhaul to the VSA Trading System that optimized the alerts to get higher success rates and made them more actionable.
New setups from the Congestions indicator were also added, so that the system alerts you when there is strong action near a supply/demand zone.
Another big feature coming in this overhaul are closing warnings – whenever there is supply, price gets near to an important resistance, or there is weak action, the system will alert you so that you can reduce your risk.
Together with these changes, there were others to make the system easier to use and to setup. Check the VSA System changelog page for all the changes.
Users should check the updated user manual for all the info regarding each one of these features, and how to implement them in your trading. You will also have access to a ‘How to setup’ video in your user area. As always, feel free to contact us should you have any question.
Not an user yet? Try VSA demo here
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