Hey guys!
I am new to this forum. I am starting this thread because most people who I talk to in my Telegram Group or who follow my Youtube Channel never really understand what I do and I how I read charts. I hope that this thread will clear up a lot of those questions.
Background
Well, I am 32 of age and I have been trading professionally for some time now. I started out with just with paper trading, reading and studying for a VERY long period of time. When the cryptocurrency fever hit the world, I was very early to join and managed to make some profits off cryptos. I had always been cruious about the relationship of volume to price, and when I came across the book Mastering the Markets by Tom Williams I was really attached.
I applied what I have learned and researched to my trading and things really changed for me. I had made money off cryptos but I quickly realised it was luck (who loses in a massive bull trend right?) and I started adapting my trading to Forex.
Now, years/months later, I am doing heavy volume studies on a daily basis, I am tutoring and mentoring new traders and I publish theories and research pretty often on Youtube, Telegram and private trading groups that I am a part of.
Reason for this thread
This thread is not posted here for me to share any specific strategy or try to push “my way” of trading into others, certainly not. The reason for this thread is to both educate new traders in some manner and also to find like minded traders, to build future friendships and have people to discuss trading to be able to benefit from eachother in order to maximize profits and stay out of the market when conditions are not favourable
The hurtful truth about financial markets
Markets are driven by the imbalance of supply and demand. The markets does not move because oil prices are hitting a new high, US going to war or a corruption scandal in some country having an effect on it’s currency. No, the fundemental, political and economical news you are hearing and reading about is just a reason for the big boys (Smart Money) to accumulate (buy) or distribute (sell) heavy blocks of stocks (or currencies) when the demand or supply is unreasonabily high. Look at major news events for a currency pair and ask yourself “The USD had VERY good news during this past week, but how did the market turn bearish as a result of this?”. Well the answer is easy, the big boys (Smart Money) had bought A LOT at the bottom, and now needed to sell off their holdings. When will they find buyers to dump their holdings on, without marking down the price against their own interest? Well, during positive news!
How does market manipulation benefit me?
Most new traders use moving averages, fibonaccis, structure (support/resistance levels) or trend lines when they trade. Some use patterns and harmonics. I am not bashing on any of the methods that you use, but what if you added volume to that? What if you traded when you KNEW sellers are overcoming buyers or when buyers are overcoming sellers? Is there a way of knowing this? Yes, with the use of volume and the powers of supply and demand. All markets are moved by imbalances in supply and demand. You just need to figure out how to read it correctly.
I do not trade using the above mentioned indicators or patterns. Never! I sell when I see the smart money are selling (the market is weak) and I buy when I see the smart money are buying (the market is strong). It is institutional money that moves the markets, not the money of the average joe trading CFD’s on his local broker.
Follow this thread, and I promise to shed some light on market movement, supply and demand and how to identify strong and weak markets and use them in your advantage to make money.
The following weeks to come, I’ll post in this thread with explanations, theories, research, pictures, trade examples and much more.
Looking forward to getting to know a lot of new people in here!
For those of you who just heard about the importance of volume, VSA or Wyckoff, I highly recommend starting to read the book Mastering the Markets by Tom Williams. It is a free book that is availableby just googling the name. The book will try to get you to buy the Tradeguider software in the end, I can assure you that is a complete waste of money. Follow me in my thread and you can decide yourself if what I have to say is worth paying attention to or not.
EDIT: I see I have a typo in the title, it should be Volume Leads Price
I am new to this forum. I am starting this thread because most people who I talk to in my Telegram Group or who follow my Youtube Channel never really understand what I do and I how I read charts. I hope that this thread will clear up a lot of those questions.
Background
Well, I am 32 of age and I have been trading professionally for some time now. I started out with just with paper trading, reading and studying for a VERY long period of time. When the cryptocurrency fever hit the world, I was very early to join and managed to make some profits off cryptos. I had always been cruious about the relationship of volume to price, and when I came across the book Mastering the Markets by Tom Williams I was really attached.
I applied what I have learned and researched to my trading and things really changed for me. I had made money off cryptos but I quickly realised it was luck (who loses in a massive bull trend right?) and I started adapting my trading to Forex.
Now, years/months later, I am doing heavy volume studies on a daily basis, I am tutoring and mentoring new traders and I publish theories and research pretty often on Youtube, Telegram and private trading groups that I am a part of.
Reason for this thread
This thread is not posted here for me to share any specific strategy or try to push “my way” of trading into others, certainly not. The reason for this thread is to both educate new traders in some manner and also to find like minded traders, to build future friendships and have people to discuss trading to be able to benefit from eachother in order to maximize profits and stay out of the market when conditions are not favourable
The hurtful truth about financial markets
Markets are driven by the imbalance of supply and demand. The markets does not move because oil prices are hitting a new high, US going to war or a corruption scandal in some country having an effect on it’s currency. No, the fundemental, political and economical news you are hearing and reading about is just a reason for the big boys (Smart Money) to accumulate (buy) or distribute (sell) heavy blocks of stocks (or currencies) when the demand or supply is unreasonabily high. Look at major news events for a currency pair and ask yourself “The USD had VERY good news during this past week, but how did the market turn bearish as a result of this?”. Well the answer is easy, the big boys (Smart Money) had bought A LOT at the bottom, and now needed to sell off their holdings. When will they find buyers to dump their holdings on, without marking down the price against their own interest? Well, during positive news!
How does market manipulation benefit me?
Most new traders use moving averages, fibonaccis, structure (support/resistance levels) or trend lines when they trade. Some use patterns and harmonics. I am not bashing on any of the methods that you use, but what if you added volume to that? What if you traded when you KNEW sellers are overcoming buyers or when buyers are overcoming sellers? Is there a way of knowing this? Yes, with the use of volume and the powers of supply and demand. All markets are moved by imbalances in supply and demand. You just need to figure out how to read it correctly.
I do not trade using the above mentioned indicators or patterns. Never! I sell when I see the smart money are selling (the market is weak) and I buy when I see the smart money are buying (the market is strong). It is institutional money that moves the markets, not the money of the average joe trading CFD’s on his local broker.
Follow this thread, and I promise to shed some light on market movement, supply and demand and how to identify strong and weak markets and use them in your advantage to make money.
The following weeks to come, I’ll post in this thread with explanations, theories, research, pictures, trade examples and much more.
Looking forward to getting to know a lot of new people in here!
For those of you who just heard about the importance of volume, VSA or Wyckoff, I highly recommend starting to read the book Mastering the Markets by Tom Williams. It is a free book that is availableby just googling the name. The book will try to get you to buy the Tradeguider software in the end, I can assure you that is a complete waste of money. Follow me in my thread and you can decide yourself if what I have to say is worth paying attention to or not.
EDIT: I see I have a typo in the title, it should be Volume Leads Price
There is no edge in trading. Your edge is understanding risk