Hi Spudfyre
Very happy to c you in FF again.I am big fan of MTF Sto.Now u share very useful again.Thank You.
Very happy to c you in FF again.I am big fan of MTF Sto.Now u share very useful again.Thank You.
Question: What is the difference between Tick Volume and (true) Volume? 8 replies
Volume on Price Level indicator for MT4? 16 replies
Volume Price Level Trading Discussion Area 1 reply
Better volume low volume bar alert 3 replies
volume ask volume bid 0 replies
DislikedHere's a big picture VPLT with a market swing.
Our highest price level green has the lowest volume, so market direct is short.
This flows through red, blue and purple, with purple price level having the highest volume
Then market swings, where the next purple peak volume is the lowest, so time to go long.
When we hit the green price level, volume is highest....long.
If we can buy lower than green price level, say at the red price level long, so much the better.
Ideally we are buying long at the lowest price level, but if we are in a...Ignored
DislikedHi Spudfyre,
Thank you very much for your sharing of this brilliant method, and with showing full explanations on all the individual bars on the charts.
I used some form of VSA understanding normally, and usually applies my Price Levels only to the Ultra-High Volume bars.
As read your thread, I just gave it a go and put more price levels at more volume levels as per your method to see what are the differences to my method.
Chart attached is EUR/USD M15 14-Jan, took 2-Long live trades after it went above again at VPL-2 near the Up Arrow, my...Ignored
DislikedLooks like I should have wait for 6th candle to close with even more less volume than candle 5 and go long...Spudfyre - please comment
and, Spud, I think more people are struggling with volume and candle reading, more tips and trick would be niceIgnored
DislikedLooks like I should have wait for 6th candle to close with even more less volume than candle 5 and go long...Spudfyre - please comment
and, Spud, I think more people are struggling with volume and candle reading, more tips and trick would be niceIgnored
DislikedI couldn't agree more. Lack of comments/participation is NOT a sign of a lack of interest in this thread. For me, anyway, this is a completely different way of looking at charts and is unlike anything I have ever done. It looks like a skill well worth mastering but it is definitely a struggle to see how the volume and price movements fit together, especially when you hit that last bar or two on the right side of the screen.
There is definitley value to volume price level trading. There is also a steep learning curve, probably because it is so...Ignored
DislikedYeah bro, just when you think you got it, it bewilders you. I think the interpretation changes from trade to trade as to how to interpret volume around the reference price level.
sometimes I don't know if to look at an individual candle volume in or around the level or look at the over all declining or increasing volume.
Finding the peaks and a reference price level is kinda simple but deciding which way to trade is the confusing part I struggle with.Ignored
Disliked
sometimes I don't know if to look at an individual candle volume in or around the level or look at the over all declining or increasing volume.
Finding the peaks and a reference price level is kinda simple but deciding which way to trade is the confusing part I struggle with.Ignored
DislikedHi VPLT Trader,
maybe my contribution helps to find good and strong price-levels.
In the picture below you can see that i marked only medium and strong levels, where the blue line thickness indicates the levels of interest.
For evaluating these levels, I simply generate a Renko-Chart with boxsize of 5. ('0' and '5' prices are only relevant).
What you can also see, that (very often) a peak in volume marks a local high/low and indicates a relevant priceaction.
Kind Regards
Mediator
AttachmentIgnored
DislikedHi Spudfyre,
Did you notice this chart the other day ... does this look a good way of picking VPL levels, say with a small pip box size on a Renko chart?Ignored
DislikedIt looks interesting, I'm not sure what the consistency is like as I have never used Renko for live trading. I would be interested in looking at if further from the standpoint it seems to one way to identify easy trades. If you have done any testing with it, I'd be interested.Ignored
Disliked
I trade any time...scalping also let's you do that. I prefer to trade when I want to trade rather than staying up til 4 am. I find trading get's to be a real grind if you are forced to do the night shift....especially if you keep your day job!
Ignored