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In this live trading session video, we look at the daily and weekly correlation of USDJPY and AUDUSD to analyse the open equity left and place our trade orders with specific entry,stop loss and target levels. The principles taught here can be cross transferred to any other instruments.
On this live trading session, we are looking at how we used the 3 principles of SMI,VSA and Stretch to take a trade and exit it especially by looking at the most important stats of how much move is left upon point of entry,otherwise known as open equity.
Through this live trading analysis on price and volume, we are looking at how we took these 2 live trades by a 3 step process analysis using time frame correlation and the 2 bespoke indicators, SMI and VSA.