Piggyback_Trader

vsa works on all time frames and in all markets. had the same question as you posed above, albeit not as well thought out. the answer for was simple, pick one time frame and trade it. for me it's a 3 minute chart, it fits both my profit objective, one point for x number of contracts, and schedule, only have 1 hour in the morning to trade. if one can watch the screen all day, then perhaps a larger time frame works, one can start with say one or two contracts and go for more points. what really fixed my head and thus trading was the course i took with joel pozen, he's the real deal. good luck!

Price on 3 minute chart, don't have the acumen for more than one chart. :o Obvious up trend this morning, low from yesterdays close, higher high on opening bar, higher low on first few bars, then higher high = uptrend.

humm, don't know why...just accustomed to it would be a good guess, lol! keep up the good work!

Correct, NO SUPPLY. I have aixelsyd (oops, I mean dyslexia), I get things backwards, big time benefit for following market manipulators - I see opposite of what they want the heard to see, which of course is how the big boys trade. :o:o:o:o

Trade of the Day: Did not trade yesterday, travel day. Took two trades, the first was a scratch, order entry problem, made a few ticks on it. I do take a second trade if the first is a scratch. 1. Set up - Effort to rise at 6:48. 2. Permission bar is green test bar at 6:57 - test of price back into effort to rise. 3. Enter on no supply bar at 7:00, lay-up for my profit. Big boys knew what the news was going to be evidenced by the no supply bar at 7:00, I saw the footprints the big money leaves behind and piggybacked the move. Simple, easy trades only.

Hello All, As mentioned before, very narrow focus for me, but I'll contribute for educational purposes, you all have a good thing going here. I make one trade per day, win or lose. I only trade the ER2 on 3 minute chart with 1.1 point target, 1 point stop. As account grows I add one contract per $3,500 (margin on ER2) gain and conversely decrease one contract with any decline of $3.5K in equity. I only take simple, easy trades. It's all about market manipulation, merchandising as Joel Pozen defines it. So my style is to look for the setup (merchandising), then a permission bar (confirmation) and then the entry. Here's today's trade. 1. Setup - two wide range up bars (blue) with heavy volume at 7:09. Now looking for confirmation of weakness to go short or strength after weakness for long. 2. Permission - Green test bar tested price at 7:18, slight increase in volume shows buying came in, bar closed at it's high - strength after weakness. Market has given me permission to enter long, so I wait for entry. 3. Entry - Narrow range down bar, with very low volume at 7:21, closes at center of bar. Enter long 4. Get my fill and 1.1 point profit in one bar, less than two minutes actually. Trade went like 4-5 ticks against me. Keep in mind, the big money sold into those two wide range bars, tested price on that green bar, and ceased selling on the narrow red bar. Once that no demand printed, I piggybacked the move, pretty straightforward. I did not know, nor does it matter to me, if the market goes higher or lower, I made my money. Tradestation labels my entry and exit, "Market" order for entry and "Limit" target 1.1 higher.

Sure, I'll post some charts, with trades on them, along with notes on entries and exits. Could not find a link on how to post charts, could someone please provide a link? TIA!

Thank you! Really don't know how much value I can add here, there is some great talent already on this thread. Willing to share though.... I have a very narrow focus. I trade the emini Russell (ER2) at the open (I have a day job that keeps me busy). One trade per day, win or lose. 3 minute chart with a target of 1.10 point and 1 point stop. Winning trades add $100 per contract (.10 covers commission and slippage) into the account. I then add one contract for every $3,500 (current ER2 margin) incremental gain in the account. Started with a $50K account trading 10 contracts. If margin requirement goes to say $4K per contract, then I'll add one lot for every $4K gain in the account and so forth. Boring, but the return on capital is very good. Your point on the parallels of Wyckoff and VSA makes sense. My style is a little different, I exploit the merchandising the big money lays out on the charts and piggyback their trades, low risk and simple. Thanks again!

Hello All, One of the best trading treads on the net, well done, keep up the great work. First post, want to share my sucess story with you...I've posted this at several sites, just sharing here. My Sucess Story After spending thousands of dollars and countless hours on trading books, systems, indicators, psychological seminars, and the like, I was exasperated. I accepted that for me it was impossible to consistently trade profitably. Just could not do it. I became one of the 90-95% of traders that deposited money into trading accounts over and over without ever withdrawing a single dollar. Pretty much went through the standard trading experience. Well funded, began with stocks, multiple time frames, daily charts, switched to commodities and stock index futures, options, and then of course back to stocks, you get the picture. I have now discovered that what stood between me and making money in the market was me. I could not trust myself to trust the system because whatever system I traded was hit and miss - more miss than hit. Then of course, I jumped to another system only to see the prior system work while I lost money on the latest system, it was a cycle of terror. Last year, through remarkable faith, I met Joel Pozen who introduced me to the concept that markets are in fact manipulated. "Market Merchandizing" as Joel labels it, is how the specialist, insiders, professional - call them what you'd like - make the big money. They move markets so that they can buy low and sell high, every day, in every market, in all time frames. As you all know, markets are not as we are led to believe. What I learned from Joel is that the big money traders load up on inventory (buy) when the heard sells and unload inventory (sell) at higher prices when the masses buy. Joel trained me on how to piggyback these moves by understanding volume and price bars, and how price leads volume. Now I have fun trading while I extract money from the market. I trust myself to trust my system because I’ve learned how to exploit the tell tale signs market manipulators leave on the charts. Once you learn what to look for it’s really very simple and works because that is how the market works. I'm not selling anything; I have no vested interest in getting you to sign up for Joel’s course. I posted this success story as my way of giving back to Joel, and for those of you who have staked your money, and in some cases your financial future, on marking money in the markets. Good luck.