DislikedHi all, Been getting really used to PVSRA and a little trick that a friend here taught me to notice high volume bars. I'm in a couple profitable trades right now but AU being the one that has moved the most so far so I thought I would share a chart. Currently up +239p looking to target the quarter level if we can get past RDL which looks like we might on good momentum. I am focusing on High Volume bars as a signal to further analyze my positions. High volume is usually a sign of resistance/support. Now to the chart. AUDUSD: high volume at 3/4 level...Ignored
QuoteDislikedVolume - Increases in activity denote increase in interest. But, is it long or short interest? Where is price in the bigger picture when this is happening? Is it at relative highs, or lows in the overall price action? And if a high volume bar is for a candle which you can examine by going to lower TF charts, you might see where in the spread of that candle the most volume occurred, high or low! Using volume is about taking note of relative increases in volume and what price is doing at the same time. Are the better volumes favoring the lower or the higher prices, as the MMs waffle price up and down? And do the volumes get particularly notable when the MMs take price above or below key SR?
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