GBPUSD ‘Strong VSA + Background’ Trade Analysis
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.