On big news events such as NFP (US Non Farm Payrolls) we often find that VSA prepositions for news and today was no exception.
GBP/USD 15 minute chart. I took the long at 158.66 after strength indications on our Advanced SOW (strength or weakness) Module and our Reverse Spinning Rowboat Signal Module. The trade is currently sitting at +80 pips and trailing.
This chart is being posted and was grabbed on my mini netbook (hence the small chart and lack of annotation) so I will do an annotated version from the mains in a moment.
Using SMART VSA it was a fairly easy play. When the trailing stop gets taken out I will be looking for a long USD basket trade on the inevitable profit taking although this is not a volume based play so I will not post the details in here but we are discussing it in the chat.
Good luck trading and see you in the chat.