Price Volume Analysis Trading on small timeframes

Hello to all

I don't really like long explanations, so I will try to be brief. I have been using the PVSRA template for a few months now and really like the way the candles can tell us information. My aim with this thread is to explain how I have been trading using that template and then maybe people on here can build on it and bring new experience. You are all welcome to ask anything and don't really have any posting etiquette other than general forex factory etiquette.

The template can be downloaded from the following page: https://www.forexfactory.com/showthread.php?t=540706 under the first posting. All credit goes to TAH and the team of developers that put together this incredible template. There is a newer template somewhere, but that template should work just fine....i hope. Let me know if you have any problems. Also please read the first post there to get a feel about some of the terms we might use. Thanks

Please Note: Please ask if you guys/gals want to know something that i post about. I do not bite.....

Strategy:

Times: Generally start watching market around Frankfurt open for about 2 hours. Then i watch again before New York open and about 2 hours thereafter. Why? I find it easier to read the activity during those times.

Technique: I trade reversals of the market by analyzing where volume is concentrated and the reactions to certain candles. I consider it more towards an art rather than an exact method. To understand more about what i am saying i will post setups and how i have taken those trades as a picture will explain more. Please ask questions and suggestions if you want.

Ok, let's get started. I will first start to post older trades that i have taken this year so that everyone can see my journey and then we can progress.

1st Trade: (explanations are on the chart)



As you can see I was able to take a trade short and backed about 7 pips. I try to read the volume and price to determine where the market may move next although we can never be entirely sure as to the way it moves. Anyway, that's it for the first trade, please ask if you don't understand and i will try to explain. Thank you Bye

Great initiative to work on volume. The first example is good and the explanation makes sense.

Thank you Yahsir. Just trying to understand more about volume and trade accordingly i guess. I feel it can be improved for sure. Much Appreciated

Ok, here is another one I took earlier in the year. Explanation is on chart. I noticed price started to move sideways close to london close and new york open.
Then i started to noticed very little reaction up from the lows as shown on the chart. Then i watched until i began to see consistent downward pressure and failing upward volume. oh and "MM's" mean market makers.

thats a good one too. why not start sharing the daily potential trade ideas and expected moves. that way more people will be interested and learn the method.

It seems to be a really potential strategy . I think it works better on NY session .

Hi Yahsir,

Thanks. Good idea. I do not trade everyday as sometimes the signs are not clear, but i will post the ones i trade daily. Good idea. For the next few posts, i just wanted to post a the 5 or six trades i've already done so that people can see where i have come from. Thanks for the advice.

Anyway, here is the trade i took just now----today

Hi vivaldi2,

thanks. I guess i'm like most here, trying to find a way to trade. Just trying i guess.
Cool. I also feel NY session gives better signs.
Appreciate it

This is also another good example that was well executed. Unfortunately i did not let it run further, but there will be more to come i guess. This was just after new york open session.

yeah another good trade

NY Session trade done. All done for the day. Entered a little late on this one. Got my 3 pips and exited.

Hi,

This was my trade today after london open. Bit of a messy execution but i got my few pips and exited. Explanation on chart

Taken another small trade short.

Multiple green candles failed to break anything upwards.

Subscribed.
Very interesting logic.
Could you please elaborate about bull/bear climax and bull /bear rising.
Thank you

Nice rejections on XAU/USD m1 at previous M15 resistance

I'm sorry for the wait. I lost a family member and needed time away.

Anyway i took a trade today after many weeks of absence. See below
Should have held for a bit longer

Small short trade. Nice setup. +3.3 pips
Wanted to hold longer but was a bit risky.
Anyway, nice example to learn from