Volumes and SnR

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)

subscribed ı ll follow this thread can u post your results step by step while u trading

regards

Interesting!!

Following!! whats the usual R:R like?

Hi samet! I will post as much as i can. Some screenshots of trades that i made are in the thread of JayRai but i will post future trades here.

Hi larryxx! It is mostly around 1:1. But due to spread, commission and a few pips above/below SnR, it will be slightly lower.
It can be even higher to pick only strong SnR prices but i do scalp for very short term only. So it could be that i only get 12 to 20 pips per trade.
That is enough for me because i use 0.5 lot per trade.

Hello again, have you tried it on Gpb based pairs?

Hi larryxx! No i haven't. I like majors only. BUT i do not know how profitable it could be on other correlated baskets.
I trade this some years now and stick with it since it pays my bills and lifestyle.
But maybe it works even better on others. Don't know though.
But the principle should be the same.

Great job Angela.
I read you on the source thread.

I will setup some chart with your indicators (and a couple of my CFFp based ones).

To the next!


<Edit>
Smart setup, uh?

have u ever tried higher timeframes with volume ,what u think about the intraday technique with just volume ?

Very interesting and subscribed
im now with bankersfx too
I think its giving some edge

Congrats on your own thread! Been interested on how you trade bankersFX indis. Hope to learn more from you. Keep 'em charts coming!

Hello Angela, can I reach you privately? Unfortunately I cant send PM.. thank you

Hi nonnodom! I am very familiar with most CS indicators. Looks great but too lagging for me. But it all depends on the trader ofcourse. I think you are having more success with such indicators as i had. Keep up the good work though!

Hi samet! Yes i did that. Although i had success with the H4 timeframe, it didn't match with my personality. Scalping on the M15 is. So it is successful

Hi Zkk! Welcome here! Hope that my way of trading give you some impulse or input at all since i'm not the best trader! I just happen to be profitable on a certain way using this kind of data and SnR. My first year was a disaster when i started. For real! Blew up several accounts and think about 5 figures that i lost. But i kept going ;-)

Hi zeramlakireg! Thank you! Will share my way indeed. But your stats on the bank currency strength looks impressive as well. Basket trading as i can see in a quick peek.

Hi larryxx! Just send you a PM

Great and congrats on starting your own thread Angela

Will follow with keen interest

RS

Edit:

@Angela
@et al
Regarding the pivots setting, kindly advice the input parameters for local and destination time zone GMT settings.

Thank you for your kind words Angela. I'm fairly new in forex, and still finding a system which, as you said, "suits my personality" and also my available screen time.

I think I will be able to trade using your method since you take it at London Open.

Cheers

Awesome thread Angela!

Do you incorporate any of JayRai's Bank Positions strategy in your decision making?

Your trading method limits screen time for maybe under 1 hour/day, how impressive!
May i know the win rate as the RR ratio is slightly under 1:1
What will you do if major pairs dont align with each others at london open?

what u doing in red news and , whats your exit conditions also pivot points calculete themselves in every week ?

Hi RisingSun! Thank you! And regarding the timezone; yo have to adjust the Local timezone. Just make it so that the start of the pivot indicator matches the opening of a week's trading session. You can look when it opens on sunday and lign up to it.

Hi zeramlakireg! That is what i do standard. Start trading from the London open. Mostly my trading session ends before the NY session.
But you are going strong as well from what i can see! Keep up!

Hi factormyfx! Thank you! I only use the core volumes but not the bank positions. Could help making my tradings even better but i am used to trade like i do now. So i'll stick with it. However JayRai made some suggestions to make my current strategy more effective and solid. Thanks for his knowledge and insights btw!

Hi Zkk! At the moment i am nearby 71%. But i do not keep track at scores and numbers to be honest. Mostly on what is actually deposited in the bank in the end. And if the majors do not align, i do nothing. Could be that they align an hour later or so, then i make the setups. But when they do not align within 2 hours starting from the London session, i call it a day.

Hi samet! When i know there is a big news event, not just high impact but a real dealbreaker, i check in what session it is. When it is from NY open, i do my trades since they are most likely closed before the NY session starts. But when it is sooner, i don't trade that day.

Hey Angela, thanks for all the explanation.. will you be posting charts of your trades today?

Cheers