Forex Algorithm Trading - Continuation Trades

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No Nonsense Forex

No Nonsense Forex

Күн бұрын

Пікірлер: 400
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Mic issues. Sounds like I'm broadcasting from a dumpster this week. Hey, times are tough, dead markets and all. ;-)
@umskiddy5234
@umskiddy5234 5 жыл бұрын
Dead markets? Have you seen the GBP/USD this week?
@SovietFX
@SovietFX 5 жыл бұрын
I have 400 pips in eur/aud :)
@yoloman96
@yoloman96 5 жыл бұрын
Umskiddy dead marker overall and u shouldn’t trade the GBP pairs anyways
@yojimmybob
@yojimmybob 5 жыл бұрын
No problem, I'm more bothered by the blown out audio of the intro, honestly.
@BoHorror
@BoHorror 5 жыл бұрын
Thanks for answering my email VP
@mikescarborough9196
@mikescarborough9196 2 жыл бұрын
Remember that a continuation trade is ALWAYS a continuation of a trade you were already in previously, but had to get out because your algorithm told you to. A continuation trade is NEVER a second chance to get into a trade that you somehow missed out on, and now your psychology is filled with FOMO and you want to show up late to the party. The mathematics behind continuation trading is that your original trade was probably somewhat profitable (not always though), and those profits may cancel out some or all of the losses of an unsuccessful continuation trade if the trend suddenly ends or reverses. This is classic NNFX money management: Little wins canceling out little losses so that big wins go completely into your pocket instead of just breaking even. That basic money management strategy is the "secret sauce" that makes NNFX so powerful.
@mauromorales1
@mauromorales1 3 жыл бұрын
Been watching since early 2018, this my 3rd time watching your content through. I can finally say, I know everything to this point and have great experience demo trading. I've made all the mistakes and constantly learning. I'm currently on my third Algo from when I started and I may have found the perfect combo ;) lol. Thank you for everything its really appreciated. You changed my life. Thank you VP
@rp6109
@rp6109 3 жыл бұрын
Its 2021 and I still watching your material to get the gems that i did not get on my first watch ! Thank you VP it really change the way i trade. from zero to hero ! -Hikimori
@erich-heinbotha2488
@erich-heinbotha2488 5 жыл бұрын
Heard something interesting today while listening to a motivational podcast in the gym. "We all get hit in the face when adversity strikes then easily give up, but the very small percentage of people saw that they've been hit with a gold nugget in the face, while it still hurts, you can choose to pick up that gold nugget and use it going forward or discard it and remain in the same negative place". I believe this applies to most of your content especially the psychology videos. The truth is crap, let's be honest.. but you can apply it to your advantage, or complain and blame everything else for your adversities. Keep grinding and be RELENTLESS folks! Much love from South-Africa VP!
@mvefficiency5684
@mvefficiency5684 5 жыл бұрын
Don't hide ur pain, don't run away from ur struggles, use it. Turn ur pain into fuel, turn ur failures into motivation, and never ever give up. Realize that ur defeat will lead u to victory and realize that ur pain will become ur greatest tool and realize that ur adversity is ur greatest advantage. Lots of success to u and the ones that follow and support VP!
@ayamusic21
@ayamusic21 5 жыл бұрын
Love this!
@martingalvan5021
@martingalvan5021 2 жыл бұрын
Hi VP, today, as of June 2022, I have finished watching all the core concepts and Money Management videos and I am currently jumping in between Trading Psycology Playlist and this one. All I can say right now is that I greatly thank you for all these material. I have learn a lot more from you than from other youtube videos and/or paid curses. I'm still building my algo, but I'm really looking forward to "finishing" it and start doing some forward testing in demo. I hope the channel gets a lot more attention than the one that you already have, because you really deserve it.
@LorenzoTerranova
@LorenzoTerranova 5 жыл бұрын
This video raised 3 important questions: 1. In 'Continuation Trade' mode, do you ignore only the Volume Indi or also the 2nd Confirmation Indi? 2. When the 'Continuation Trade' mode can be considered closed? If and only if the price flips over the Baseline? Or for example after x-candles from the previous exit? 3. VP said "If your Exit Indi OR your Confirmation Indi flips the other way, you exit the trade" so does it mean that we manually/voluntarily get out of a trade if one of the following happens (beside of course the Trailing Stop is hit)? a) Exit Indi signals to exit OR b) Price flips over the Baseline OR c) 1st Confirmation Indi (C1) gives us an opposite signal Thanks for the answers.
@zuyufullahmanna8554
@zuyufullahmanna8554 4 жыл бұрын
"Fly Little Bird Fly" waited a Long Time to hear when you will OFFICIALLY Graduate Us
@FabioErrante
@FabioErrante 5 жыл бұрын
I always felt a bit "scared" of continuation trades. Many times I kept looking at the charts after the market hit my trailing stop, thinking of a way to re-enter and grab at least a little bit more thereafter. But I never had any clue about how to do it, so thanks a lot VP for giving use this video, now I have a better grasp and I will find my way!
@forexbyanthony7016
@forexbyanthony7016 5 жыл бұрын
A dead market and a month in on a full algorithm and I made +3% this month. Set, forget, sleep and repeat. Thanks VP!
@keithsproson4328
@keithsproson4328 5 жыл бұрын
Ditto , amazing
@M-yk2le
@M-yk2le 5 жыл бұрын
@@keithsproson4328 double ditto. Thanks VP
@Viewer13128
@Viewer13128 4 жыл бұрын
How did u trade a dead market?
@nehemaialord2653
@nehemaialord2653 4 жыл бұрын
@@Viewer13128 put in the work you lazy
@jibrillkelvingariba4710
@jibrillkelvingariba4710 2 жыл бұрын
At this point, I will like to thank you so much for these educative videos. I've just finished watching all the series in April 2022.. After several years of ups and downs in the forex market, I now feel I have found the one thing I've been missing. Thank you soo much VP. God bless you. I hope the contents I've just consumed isn't outdated since it been years now. Regardless, it a point in the right direction. Thanks once again.
@ronragnarok1756
@ronragnarok1756 5 жыл бұрын
I am not a forex trader. I trade with futures and turbos, but these guidelines you have giving to me..... they are awesome. I managed to cut my losses. For the last four weeks, i didnt suffer any weekly losses. The baseline principle even cut more losses (i was working with it, but your explanation made it clear about the importance of it). Still tweeking everything, but the principle of your technique is very clear now, cant wait i will my job off trading in the near future :)
@nathanmstroud
@nathanmstroud 5 жыл бұрын
This is so basic and important that I just don't understand why there are so few who teach this and so many who teach garbage that doesn't agree with it. Can't thank you enough
@nedjadala2786
@nedjadala2786 5 жыл бұрын
After each Videos, new questions pop in my head. It astonishing to see you responding them each and every time in the next videos without asking. Feel like those courses have being made for me. Can't be gratefull enought of the time, dedication and knowledge you've gave to us. You are a one of kind Thanks VP
@thefleestatenetwork
@thefleestatenetwork 5 жыл бұрын
VP, you literally flipped my account with your knowledge. You’re the man 💯
@fx-ikomennf9662
@fx-ikomennf9662 5 жыл бұрын
Thank you for all you do vp. You are true blessing. I don't think people are ready for what is to come in the trading world. I hope people have the patience to follow your methods step by step and make something AMAZING. I cant wait for 2-3 years down the line. STAY BLESSED.
@hermannugent3680
@hermannugent3680 5 жыл бұрын
VP thanks for all of your instructions on putting together an Algo. Now I know what to do no matter what the market throws at me. I am now a profitable forex trader thanks to you. I can't wait to see the rest of your content. I can't thank you enough!!!
@Viewer13128
@Viewer13128 4 жыл бұрын
Can u link the videos for his algo pieces? Is it ATR for SL, 20 EMA for baseline, and CMF(20) for zero line? How does he trade dead market?
@bengichuki1372
@bengichuki1372 5 жыл бұрын
I was stumbling on the way....but VP's advise affirmed so many aspects of my trade that helped sharpen my trading skills....Thank you, we love you
@diamondken5602
@diamondken5602 5 жыл бұрын
12:11; you don't have the luxury of seeing the future but with this You have given me THE LUXURY TO SEE THE FUTURE. Thanks VP
@arneverkerk1207
@arneverkerk1207 5 жыл бұрын
You can read my mind, this is exactly the video I was hoping for after absorbing the Baseline material. Thank you again VP for this valuable information...
@fall5700
@fall5700 5 жыл бұрын
Now that the algo is complete, here are a few words of encouragement to the community: “Dreams without goals are just dreams and they ultimately fuel disappointment. Goals on the road to achievement cannot be achieved without discipline and consistency.” Denzel Washington (yep, the actor). Let’s get it! Huge thanks to VP!
@Viewer13128
@Viewer13128 4 жыл бұрын
Did he make a Playlist for his algo?
@JoJo-bm4xf
@JoJo-bm4xf Жыл бұрын
Thank you so much for the help accross all of your videos (and podcast ep's) VP! I watched your videos in 2019/2020, when I were new into Forex Trading, "decieved" into using Sup/Res strats and were 3years younger, thus dumber ... I was delusional and couldn't handle the reality of that sup/res strats are trash haha ---> Got the "deserved backlash" from using sup/res and quit being as delusional 0.5 years later. It is hard to express my immense gratitude towards you, but you have changed my life. THANK YOU!
@leebrendalee
@leebrendalee 5 жыл бұрын
Somehow I ended up here and will be rewatching it later but I just had to jump in and tell you what a blast your blogs are! Love your style! Thanks again....
@andrewantonios5827
@andrewantonios5827 5 жыл бұрын
Hey VP, Andrew from Sydney Australia, I'd just like to say that I found your channel a few weeks ago and have gone through the material religiously and have found it to be nothing short of amazing, this is coming from someone who has traded since 2011 in demo, live and prop traded for a firm, I've spent thousand's on courses over the years....all garbage compared to this....keep it up man much respect.
@philnewpower
@philnewpower 5 жыл бұрын
Fundamentally this is probably one of the most important analysis videos on your playlist (my opinion at this time). Thanks VP for going out of your way to help so many People!
@mohnaim5824
@mohnaim5824 4 жыл бұрын
Fly little bird fly... and give wings to your thoughts and your trading. Well done VP what a great denouement to a articulate , insightful and informative series of lectures. Farewell young man... for now.
@karinsvintagedesigns2579
@karinsvintagedesigns2579 5 жыл бұрын
Thanks VP, I am so grateful for all your hard work and because you have been kind enough to share it! I searched the internet for such a long time and I'm so glad I found you. I feel as though you have held my hand throughout the process -thank you!
@BigMrToe
@BigMrToe 5 жыл бұрын
Thanks again VP for another great video. I feel like I’ve just graduated amongst the next trading Guru elites. Thanks to you, I now have a solid structure, a clear path to success. I will pay it forward some day.
@OwenPrescott
@OwenPrescott 5 жыл бұрын
I've optimized my MA / CMF for crypto trading specifically on 1hr chart and so far (based on back testing) it''s amazingly accurate. For those of you using Trading view, I've found it's useful to set an alert on the 0 CMF, that way the neutral line is more visible plus you'll be notified when it crosses too.
@emmanueln5983
@emmanueln5983 4 жыл бұрын
HOW DO I GET ONE ?
@philiptaylor2567
@philiptaylor2567 5 жыл бұрын
I just watched this one again as I was looking to confirm a particular detail. After playing around a bit, I found that putting my main entrance indicator on my chart a second time, and then changing the settings until I found the right combo gave me a fantastic continuation indicator. I don’t know that people are truly seeing just how good this system can potentially become. I have followed the system to the letter from beginning to end, though I’ve taken several of the strategies and customized them to what I have found to be most efficient for me. When you find the right indicators, AND the right settings (even more valuable imo), and put everything together, this becomes a system that cannot loose over time. I can see the potential for downdraws, especially since we’re trading on the daily. I can see having a bad month now and then. But over time if you design it properly, this is such a well oiled machine. I’m very excited about what the future will bring with this system! VP, I’ve seen people on other channels commenting on your videos, claiming that you don’t give any detail, and that there’s nothing new here, nothing to learn, etc. Huh???I had one guy tell me I had no idea what I was doing, as ONLY understanding supply and demand would make me a successful trader. Ironically I’ve been through all those strategies, and couldn’t find any level of consistency. I hope people stay skeptical of this system. I feel like this should be privileged information that only a small percentage know about! 🕵🏻‍♂️
@eccomi21
@eccomi21 5 жыл бұрын
Just my thought on one part. I don't think that it is so important to find the perfect indicator itself, but to find one you can tweak and adjust until it fits your needs. I think I found one that when backtesting looked horrible in a stagnating market, but with a bit of tweaking kept me out of most of the dead stuff while still giving me entries to a few good trends. Though not all. Yet I would rather miss out one one or 2 trends than to lose 3 or 4 times. But maybe I'll find another one that does that even better. Or I can tweak it better
@tjunior6128
@tjunior6128 5 жыл бұрын
I seriously needed this demonstration. Because my algorithm has been giving me the occasional continuation but I haven’t had any rules to go by to react.
@amanyirevictor8035
@amanyirevictor8035 3 жыл бұрын
Hey VP, sincerely I've liked your content. I've just started my journey in forex trading, and I've encountered tons of useless stuff on the internet, that even as a beginner I was able to tell that it was useless. But your content is completely different and inspiring. I don't know why it took me this long to find these life-changing lessons, but I'm glad that I now have them. I'm very positive about this, and I'm taking it all the way. Thanks!
@emmakachi1052
@emmakachi1052 5 жыл бұрын
Where i come from the greatest word you can tell a person that has touched your life is Godbless you.....from my heart Godbless you richly VP...
@tomas-malo
@tomas-malo 5 жыл бұрын
The distance from the baseline and the volume rule exception especially are great to know. Thanks as ever VP.
@maxwellmuchiriri1768
@maxwellmuchiriri1768 4 жыл бұрын
VP is the man ,i salute
@philnewpower
@philnewpower 3 жыл бұрын
I've lost count on how many times I've clicked my mouse wheel, when you're showing charts :D too deep down the rabbit hole now!
@imran-eo8oy
@imran-eo8oy 5 жыл бұрын
Really appreciate all the videos till today. I have learnt alot. Amazing content. I advise everyone to watch all videos. Do not skip any videos because there's always something useful even if title is something you already be aware of. Take notes whilst watching comes in handy. Support VP by subscribing and liking video because he does all this hard work and spends all that time for free. Truly amazing
@kalukulolo1
@kalukulolo1 5 жыл бұрын
I realize, this is what I need to do before trading forex: - Spent 1-2 months analysing and taking note of all VP's videos - Spend 1 year finding indicators to perfect my algorithm - Spend 1 year on demo account, testing our algortihm. - Start trading with real money.
@philiptaylor2567
@philiptaylor2567 5 жыл бұрын
Honestly, if you go through the content in the order VP has released it, and put in the time, you will expedite the process far more than you might think. You could have a system going in six months, and be trading real money in a year. Really just depends on how much time you can dedicate to it every day
@1onenoone1
@1onenoone1 3 жыл бұрын
how are you doing now ?
@moses_njoku
@moses_njoku 3 жыл бұрын
@@1onenoone1 I would also like to know. How are you, Murdha
@warren1871
@warren1871 5 жыл бұрын
Thank you very very much VP for showing your complete AMAZING Algorithm structure! 👍👍👍👍👍👍
@vica8531
@vica8531 5 жыл бұрын
Soooo gooood!! Now that I have a full (draft) algorithm, I am going through all relevant videos and writing all rules down......can't wait to back test this weekend. Thanks again VP
@Yahooooogle
@Yahooooogle 5 жыл бұрын
Just noticed you're also a follower of TopDog Trading, I bought Barry's courses including some advanced courses; must have made 50 pages of notes! was 'ok' but nothing ground-breaking, but a great foundational teacher. Nothing compares to VP though... Do you want some help making a 1 page massively simplified 'cheat-sheet' of VP rules? I was thinking of doing this to stick on my desk, but having some help might make it easier, so far my VP notes are about 30 pages long (so many things to consider!) but I really want to get it onto 1-page, maybe more visual than too much text which can get overwhelming, what do you think Vic?
@sonianak3506
@sonianak3506 4 жыл бұрын
@@Yahooooogle Interesting same here have been taking all kinds of notes. Did you manage creating a simplified cheat-sheet of the rules?:)
@ctpgaming1562
@ctpgaming1562 5 жыл бұрын
Great video. So many times whilst back testing I was seeing continuation trades that I was missing out on, as it wasn't part of our structure at the time. I think this ties everything together, thank you sir.
@VakoCavender
@VakoCavender 5 жыл бұрын
i'm experimenting this type of trades and i have already learned how to trade them with my own system. very similiar to yours ofcourse, works really really good for me... that's where we dont do what our indicators tells us to do and apply your knowledge about what market does and how you're gonna trade it
@stuartwonghinweng
@stuartwonghinweng 5 жыл бұрын
VP, thank you for your generosity and goodness. Dos and donts, the step by step in doing real continuation trade is doable and applicable now. You are a great coach who allows me to stand on your shoulder to see further and being a good trader now. Thanks again.
@cassantos2247
@cassantos2247 5 жыл бұрын
Watching all your videos and listening to your podcast every Monday change the way I trade. Thank you so much VP.
@augustinetrading2207
@augustinetrading2207 5 жыл бұрын
Yeah VP, you've given us the bullets, the guns, the bombs, the missiles,the crafts, the carriers and the launchers. What else, let's go in and destroy the market guys. As for me I believe I'm there in the heat releasing the arsenals into action. Heads up in this one VP. You're mentor.
@mathewtabiri6951
@mathewtabiri6951 5 жыл бұрын
Exciting stuff...and to think it’s for no financial gain really beats my imagination.Thank you VP.Your methodology has changed my results for the better.
@MansoorAli-qg7fx
@MansoorAli-qg7fx 5 жыл бұрын
that was great, thanks alot, waiting for Trailing Stops video now anxiously...
@raborokodavidtsokeli3665
@raborokodavidtsokeli3665 5 жыл бұрын
Thanks VP, for the blueprint of trading forex. You have great following from South Africa..
@lamalikeallama3282
@lamalikeallama3282 5 жыл бұрын
I will be rewatching every video one more time . thanx man .
@johnbrennan7175
@johnbrennan7175 5 жыл бұрын
For me, I have found that the CMF is slower than an RSI indicator with 50 level. The CMF is better at filtering out noise. However, using simple line charts (not candle or bar charts) works for me with an 8 EMA indicator and ATR helps me a lot. I place two orders, 1st - TP equal to the ATR, the 2nd order will run until price cross back over the EMA. Therefore, I use the EMA for my baseline. This setup leaves us with very clean, uncluttered, easy to read charts... simple!!!
@dejaterrell8848
@dejaterrell8848 5 жыл бұрын
The first video i watched from you is the video regarding the truth behind how the big banks manipulate the market ! I just want to tell you thank you for educating us all PROPERLY in every aspect. There are so many BS youtubers "teaching" forex who are terrible and blatantly try to convince us of typical useless indicators. In fact if you truly understand market structure, price manipulation and why it occurs you will be a better trader overall, and that knowledge is what many retail traders lack. I would love to hear your thoughts on simple market structure.
@1CarlAnthony
@1CarlAnthony 5 жыл бұрын
Great video, thanks! I'm glad that we can break those 2 rules on continuation trades, because I saw a lot of good potential trades happening.
@archravenineteenseventeen
@archravenineteenseventeen Жыл бұрын
My daily trade demo cad took a slippage but since I'm trading a daily chart, it doesn't faze me and the exit indicator says continue so hours later, it went to the original and become blue again. Thanks VP. Even it it's demo I still take it as if it's my real money. Your videos helped me a lot
@slipsonic809
@slipsonic809 5 жыл бұрын
I guess this is actually built into my algo. I have a faster confirmation indicator, and a slower one that cuts out the choppy stuff. The faster confirmation indicator is also my exit indicator. It's a single line that switches from green to red. If it's above the baseline and goes green, buy signal, if it turns red, exit. If it goes green again and the rest of the system says go, I go. vice versa for short. The rules in the last video (pullbacks) cut out a handful of losses on the backtesting I've done so far. On the EUR/GBP from Jan 1 2015 - Dec 31 2018 my system triggered 76 wins and 14 losses. None of the losses were over 100 pips and it never hit a stop loss. Many of the winners were 40 - 50 pips but about half were 100+ with quite a few 300+ and 4 or 5 high 400s. Overall for three years, Win 7092 pips, loss 569. Im gonna test EUR/USD next and really see what's up. Thanks VP! Gotta edit to say: This rule is a must have. You're absolutely right. On the EUR/USD backtesting right now there are some huge continuation trades.
@vonbelaniso5208
@vonbelaniso5208 4 жыл бұрын
did you checked if it is a repainting indi?
@redsky2189
@redsky2189 5 жыл бұрын
Least we can do is thank you again ! Many thanks for sharing your knowledge VP - the sun is shining!
@laurenh978
@laurenh978 4 жыл бұрын
I hope you will never get tired from us thanking you!! :) you are the best!!!
@abdalrahmanayman7069
@abdalrahmanayman7069 2 жыл бұрын
reviseing... geuss what... um on my second advanced algo. adding my own STILL... thankfull pal STILL.. here and by your advices.. 50% profit in 20 months... includibg stupid moves of my own.. STILL.. wana give U hug one day blesses🙌🏻🤗🤗🤗🤗🤗🤗
@haggariivula4877
@haggariivula4877 5 жыл бұрын
Wow Im the first one here . Thank you Vp. Great video right there and the last of the Algo. Thank you for everything , I really appreciate it. 🤗 God bless you.
@treystar4lyfe
@treystar4lyfe 5 жыл бұрын
Where do we go after VP's forex series wraps up? Where ever we go its gonna be down. This is as good as it gets!
@BoHorror
@BoHorror 5 жыл бұрын
Honestly I might cry, it's like having your favorite series end. Hope he stays with us for a while and not dissapear into the abyss.
@doncollins7743
@doncollins7743 5 жыл бұрын
Thanks brother, I have been busting my butt trying to figure out a solid way of doing this, nice blueprint
@matticussacko
@matticussacko 5 жыл бұрын
Great video as always VP. Hopefully you'll be happy to answer a brief money management question related to this video? When you get the go-ahead for continuation, do you use the original ATR value at the start of the trend or the value at the point of continuation?
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Point of continuation, since it's a brand new trade. Good question.
@matticussacko
@matticussacko 5 жыл бұрын
@@NoNonsenseForex Many, many thanks. Imma go get it now
@joeebanks646
@joeebanks646 5 жыл бұрын
just added the CMF MACD and ATR to my BTC chart. Can see how I missed very clear entry signals at the bottom. Love these new indicators I will keep learning.
@rayrod46
@rayrod46 4 жыл бұрын
Thank you so much V.P., "You DA man"... lol I'm going to continue following your lead and go get it! I hope in time that I can come back with ways to help your system and en-power the ongoing learning curve of FX.
@anabatta7019
@anabatta7019 5 жыл бұрын
great work . best teacher ever. thanks so much .. this continuation is NOT the same as scaling out? u enter get you profit , half off, then re-enter again.. possibly scale out again.. ??
@erikwong3116
@erikwong3116 5 жыл бұрын
“Like” first, watch later, thanks again VP!
@paulbucklebuckle4921
@paulbucklebuckle4921 4 жыл бұрын
#metoo.
@ivantirtakusuma
@ivantirtakusuma 4 жыл бұрын
Fly little bird you said.. but I've become an eagle my master VP 🤣
@rayman7596
@rayman7596 4 жыл бұрын
Lah ada orang indo disini
@Eli-rl6mg
@Eli-rl6mg 3 жыл бұрын
Your video are timeless....A straight master piece....Wow....
@grasshousemuzic
@grasshousemuzic 4 жыл бұрын
Incredible, thanks so much V.P., your teachings are so on point and are easy to comprehend, thanks for giving back, one love ✌
@SmilingMeowRuff
@SmilingMeowRuff 5 жыл бұрын
Hey, this was a great and super helpful video. Did you have a blog/notes for this video. I scanned your website for it but I couldn't find anything....Thank you for all your content, it has helped me start to get out of the trading funk I was in. I just started to work on my system...I waited to watch every video on this channel first and now catching up with the blogs. Such great information!!! I am happy to say that I am averaging about 100 pips a day and I am still working on my system so thank you, thank you, thank you!!!!!!! May the universe bless you unlimited amounts of times!!!
@bhekimanana1266
@bhekimanana1266 4 жыл бұрын
I think that your catch phrase "Go Get it"...is literally becoming my cocaine now...not that I party like that....
@amirhashemi3066
@amirhashemi3066 3 жыл бұрын
Thank you so much, VP, Question: Can I use continuation rules, jump in and open a new trade if I already missed the first trade entry?
@zahirali1095
@zahirali1095 4 жыл бұрын
One of the best channel i hv ever seen thnx VP
@davonschroeder1878
@davonschroeder1878 3 жыл бұрын
This really helps so much, I do trade the nnfx way and I noticed the volume indicator prevents me from getting into continuation trades.
@philiptaylor2567
@philiptaylor2567 5 жыл бұрын
It’s funny, I have pretty much hated rules my whole life. Even when I was in the air national guard (which I loved) I still hated the rules. Went to a private school. Hated the rules. Grew up in a strict house. Hated the rules. Grew up playing ice hockey and for some reason the refs won’t let you just slash opponents in the face. Hate those rules. But when it comes to trading, I have learned to LOVE the rules. In my mind it’s the only way to trade. Especially if you struggle with discipline, like I do. Thanks for indoctrinating me VP
@rabbithole8776
@rabbithole8776 5 жыл бұрын
Mr. VP I trade a completely different style than you but was always looking forward to your podcasts/ videos. Anyway I have been testing (in the trading gym) your teachings for the past month and I do have to say you created a pretty damn good system, But I do think the system reflects your personality I am not using indicator to enter but for premature entry avoidance, so I use them to know when NOT to enter (complete opposite), somehow I don't feel comfortable without strict direction/target & momentum, anyway but I did upgrade my system watching yours, So thumbs up.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Back at ya
@factsandmyths3301
@factsandmyths3301 4 жыл бұрын
I have got a question, what you explained in this video is what we should do in a continuation trade But HOW SHOULD WE FIGURE OUT IF IT IS CONTINUATION TRADE OR NOT, BEFORE IT HAPPENS IN THE FIRST PLACE?.
@CryptoGent
@CryptoGent 5 жыл бұрын
Hello ppl, i usually watch all videos that VP puts up, great information and all very Thankful. since i am a trendline S/R Price action trader Question Just out of curiosity, how many people are really making money with indicators? Answer Honestly no bullshit just to make it look good here.. I am thinking to add indicators to my trading style maybe..
@OneCreator87
@OneCreator87 5 жыл бұрын
This is actually a brilliant way to filter out the consolidation phase, I am just trying to find out a good enough oscillator that is responsive and smooth enough !!
@mvefficiency5684
@mvefficiency5684 5 жыл бұрын
So grateful for being in the right place at the right time with the right mentor, thanks VP, i will go and have my piece of this big pie ;-)
@eyeswideopen7199
@eyeswideopen7199 5 жыл бұрын
As I said before, always the right video at the right time...I wonder if I will ever have to use the "Ask Vp" option, Thanks bro and shout out to the discord forum you guys are great.
@chesterbean4902
@chesterbean4902 5 жыл бұрын
Crazy thing is I already had a system I was using, so I had my entry,exit, ect however you made it understandable. My first trade under your direction EUR/NZD I'm up 130 pips with 63 in pocket and 30 pips locked in on stop of running position THANK YOU
@brianonu2b
@brianonu2b 5 жыл бұрын
VP, thank you for these excellent videos! I'm not sure whether or not that more subtle One-Candle-Rule (introduced in Ep. 39) of the 1st confirmation indi's "Up-to-one-day" wait for the 2nd confirmation indi's agreement is also intended for Continuation Trade entries. In other words, in the case of Continuation entries, does the 2nd confirmation indi still have up to one day to agree with the 1st confirmation indi after the 1st confirmation indi has transitioned back into agreement with the baseline's unchanged signal? Or instead, does the 2nd confirmation indi need to immediately agree with the 1st confirmation indi's Continuation Entry signal (when/once the 1st confirmation indi has transitioned back into agreement with the baseline's unchanged signal)?
@diogofernandes8037
@diogofernandes8037 4 жыл бұрын
When my algorithm say to buy or sell i place 3 orders: 1º - ATR * 1.5 and SL to Breakeven 2º - ATR * 3 and SL to 1º trade 3º - When my continuation indicator close
@ohthefuture7618
@ohthefuture7618 5 жыл бұрын
Continuation trades are trades that you enter on a trend that is already in action....a continuing trade. (Was what I thought but putting into words sometimes helps)
@bF93712
@bF93712 5 жыл бұрын
Great info as usual! Thank you for sharing! One question: In a continuation trade, you open 2 positions divided in half as the other trades ( taking profit on 1:1 on one of those trades) ? thank you, Bruno.
@JohnSmith-gp4kj
@JohnSmith-gp4kj 3 жыл бұрын
He says money management remains the same so yes
@azrultahir85
@azrultahir85 5 жыл бұрын
Are we there yet? Are we there yet? Are we there yet? We are?? Yeaaaaaa. Finally...been a while waiting. Thanks VP!
@juanmanuelandaluzderosas3928
@juanmanuelandaluzderosas3928 5 жыл бұрын
I was SO waiting for this video long ago... Easy peasy! :)
@FXCORRELATOR
@FXCORRELATOR 5 жыл бұрын
coming back of a 1 bar "stall" is a nice play .......i also use a lot of trailing trigger prices back into a trend ......N
@axelisganteng
@axelisganteng 5 жыл бұрын
Thanks for the video VP. Just wondering, do you have any plans to upload a video about an upgraded money management videos in the future?
@lokone303
@lokone303 5 жыл бұрын
lets be honest guys, the "course" is over, we now want a kind of youtube superstar, "A day on the life of VP" video and look your face XD
@yeileencruz4541
@yeileencruz4541 4 жыл бұрын
Im already in love with his knowledge, voice and sense of humor. If I see his face I might end up being his stalker lol. Saludos, VP.
@Viewer13128
@Viewer13128 4 жыл бұрын
Did he make a Playlist for building an algorithm? Is it 20 EMA for baseline, CMF for zero line, ATR for SL?
@moses_njoku
@moses_njoku 3 жыл бұрын
@@Viewer13128 lol dude, stop with the questions that show that you did zero work and will be needing way too much help. watch all the Damn videos first. It's been over a year since you asked so you'd better have watched all of it by now.
@willharris2278
@willharris2278 4 жыл бұрын
Yes very useful and informative...but I have a question ? How would you have dealt with the other half of the GBP/CHF at 13 min into video when price consolidates. Would you have used a volume indicator to exit position rather than your baseline ?
@sudhakantpanda9343
@sudhakantpanda9343 2 жыл бұрын
Hey VP, Amazing and insightful videos as always, Just need a little bit clarification on this. If we are using Baseline for continuation trades, then where does the indicator like MACD fits in?
@davidade4080
@davidade4080 2 жыл бұрын
Watch the macd video
@ronnymoureau6883
@ronnymoureau6883 5 жыл бұрын
VP, just as usual, great video again. Only ask myself if this would be valid for adding a new operation. Have to backtest it, sure. Will look if having 2 trades open by your rules (1.5 atr SL) and first TP not triggered yet at 1 Atr… should I add a new trades according with a correct MM?... Start backtesting it now. Thanks for sharing your experience VP. ;)
@williampennington7949
@williampennington7949 5 жыл бұрын
I love this video and all the VP videos; am a big fan. Question to VP or any fellow traders: Let's say I saw the trade late but it meets all the criteria for a continuation trade except I just now saw it and the price (in a short) has gone down 3 or 4 candles from where I should have entered, yet my confirmation indi's all say it's still a go, should I take the trade or not?
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Absolutely not. FOMO trade.
@eyeservantez
@eyeservantez 5 жыл бұрын
Great video back testing looking good so far.
@himalayanpilots6830
@himalayanpilots6830 5 жыл бұрын
Great strategy and education man,thanks a lot !
@Brentonlee007
@Brentonlee007 5 жыл бұрын
Thankyou for all the hard work you do, and advise you keep giving us it is pure gold.
@1azrealtor
@1azrealtor 5 жыл бұрын
Hey VP, just read news about how some banks got fined for forex rigging. Barclays, J.P MC, read it for CNBC Interested in your thoughts but I know you told us this in your first video. Maybe you can briefly talk about if anything will change at all in one of your future videos. Thanks for this video btw👌
@MrJoseyldo
@MrJoseyldo 5 жыл бұрын
THANKS VP AS YOU SAID TIME TO FLY!!!
@hurstcycles
@hurstcycles 4 жыл бұрын
VP (or anyone), two situations I would like clarification on, firstly: Price crosses the BL > 1x ATR and does not pullback within one candle to enter a trade. However, price is still giving the signal for a continuation trade on subsequent candles as we ignore the 1*ATR as described above - the ONLY difference being we did not enter the initial trade because of the initial breach of the 1 * ATR threshold AND price has not breached the BL. Do we still enter or must we have STRICTLY taken a trade previously? In the example above using the CMF, take the situation where the entry candle (around 12th oct) was infact beyond 1* ATR but the next candle is giving a continuation trade signal as CMF is below zero. I appreciate that if we haven't taken a trade then its really not a 'continuation' but it seems to me that ignoring these trades because the initial cross is beyond 1* ATR is not really sensible. Secondly, if we enter a trade on a good signal breaking the BL, confirmation and volume good etc.. and price moves to our scaling out level at 1*ATR, removing half of our risk prompting stop to breakeven. Price then pulls back to take out our breakeven stop and we no longer have trades in the market. HOWEVER, a continuation signal is present on the same candle as we are ignoring volume and distance from BL (price has not crossed BL). Do we re-enter on the candle close? Or indeed subsequent candles? This is a 'continuation' trade as we would have entered previously and price has not breached the BL. Thanks very much in advance.
@NoNonsenseForex
@NoNonsenseForex 4 жыл бұрын
With things like this, you just have to test it. Take each scenario and test it against each other. It's the only way to know. Questions like this are good, because it shows you're putting in real thought and effort, but they're way too much for me to digest. Just test. The best method will become apparent, believe me.
@hurstcycles
@hurstcycles 4 жыл бұрын
@@NoNonsenseForex Thanks VP, yes infact it is through backtesting I am coming across these questions. One way to address it in a concrete manner would be some kind of flow chart to check all criteria - as your system is fairly rules based. I see multiple examples of the first situation arise and big moves that are not capitalised on simple because the initial cross was beyond 1* ATR. I think in this case perhaps a continuation can be considered if price moves back into the 1*ATR distance from BL *AND* there was no trade initially across the BL because of the distance, applied to *any* subsequent candle. Kind of a 'pullback continuation trade' or 'pullnuation trade' :p The second situation I think I *will* consider a 'continuation trade' and work from there. Off to get it
@mkw576
@mkw576 4 жыл бұрын
David I had the exact same question, fwiw. I am a noob as I have been backtesting just a few months, but have noticed many a strong trends begin with a candle that closes beyond 1xATR. I am currently backtesting this and have noticed that waiting for my primary confirm indicator to reset produces the better result. With that said, my primary indicator is quite sensitive and often exits trades quicker than my exit indicator. This also seems to eliminate the 7 candle "look back" rule VP discusses in the advanced tactics video. Of course, I make sure my other confirm indi is a go. Cheers!
@firewight1944
@firewight1944 5 жыл бұрын
Once again, dropping value bombs! Cheers mate!
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