Hi and welcome to my thread!!
I got asked to show my way of trading so i opened my own thread that is started at the great Bank Currency Strength thread.
(https://www.forexfactory.com/showthread.php?t=644501)
Thanks to JayRai i came across the Bankersfx core volumes indicator.
Before i used data feeds from Quandl and AlphaVantage to see certain volumes: only from trading floors.
I find that data more interesting to know what the smart money is doing and using that into my advantage.
I am trading for several years now and started with MT4. Then i switched to expensive terminals to integrate the data feeds.
But since the MT4 core volumes i use MT4 again.
I do not trade the whole day but in the end i am profitable for several years.
All based on scalping.
Please keep the thread positive, friendly and based on the way i trade.
So let's get started!
How do i trade?
My trading day starts at the open of the London session. Always.
I open the following pairs in M15 time frame:
USD/CHF, USD/CAD, USD/JPY against GBP/USD, EUR/USD, AUD/USD.
That way i covered all majors at the same time and will seek for USD strength or weakness on the whole board.
If it isn't a convinced setup, i do not trade.
Please see the following screenshot:
Here you can see an aligned USD strength because the core volumes detects buying pressure starting from the London open;
buying pressure means:
- growing white bars or
- shrinking red bars or
- changing from red to white bars
Now i check the non-USD based pairs, see the following screenshot:
Here you can see an aligned USD weakeness because the core volumes detects selling pressure starting from the London open;
selling pressure means:
- growing red bars or
- shrinking white bars or
- changing from white to red bars
In this case it means that there is an convincing USD buying setup right after the second bar since the london open.
Meaning:
- seeking buys for USD/CHF, USD/CAD and USD/JPY
- seeking sells for GBP/USD, EUR/USD and AUD/USD
See the following screenshots to understand the buying opportunities:
See the following screenshot to understand the selling opportunity:
See the following screenshot to see a missed position. But once missed, i do not try to enter manually because i stick to my plan!
Better missing 3 opportunities than having a losing one by overruling my own plan!!
Here you can have the indicators that i use except for the core volumes as it is a paid one!
Also the template (!Angel-A)
I got asked to show my way of trading so i opened my own thread that is started at the great Bank Currency Strength thread.
(https://www.forexfactory.com/showthread.php?t=644501)
Thanks to JayRai i came across the Bankersfx core volumes indicator.
Before i used data feeds from Quandl and AlphaVantage to see certain volumes: only from trading floors.
I find that data more interesting to know what the smart money is doing and using that into my advantage.
I am trading for several years now and started with MT4. Then i switched to expensive terminals to integrate the data feeds.
But since the MT4 core volumes i use MT4 again.
I do not trade the whole day but in the end i am profitable for several years.
All based on scalping.
Please keep the thread positive, friendly and based on the way i trade.
So let's get started!
How do i trade?
My trading day starts at the open of the London session. Always.
I open the following pairs in M15 time frame:
USD/CHF, USD/CAD, USD/JPY against GBP/USD, EUR/USD, AUD/USD.
That way i covered all majors at the same time and will seek for USD strength or weakness on the whole board.
If it isn't a convinced setup, i do not trade.
Please see the following screenshot:
Here you can see an aligned USD strength because the core volumes detects buying pressure starting from the London open;
buying pressure means:
- growing white bars or
- shrinking red bars or
- changing from red to white bars
Now i check the non-USD based pairs, see the following screenshot:
Here you can see an aligned USD weakeness because the core volumes detects selling pressure starting from the London open;
selling pressure means:
- growing red bars or
- shrinking white bars or
- changing from white to red bars
In this case it means that there is an convincing USD buying setup right after the second bar since the london open.
Meaning:
- seeking buys for USD/CHF, USD/CAD and USD/JPY
- seeking sells for GBP/USD, EUR/USD and AUD/USD
See the following screenshots to understand the buying opportunities:
See the following screenshot to understand the selling opportunity:
See the following screenshot to see a missed position. But once missed, i do not try to enter manually because i stick to my plan!
Better missing 3 opportunities than having a losing one by overruling my own plan!!
Here you can have the indicators that i use except for the core volumes as it is a paid one!
Also the template (!Angel-A)
Attached File(s)
Angel-A.zip
99 KB
|
1,356 downloads