Attachments: Advanced volume trading

Advanced volume trading

#21
Dec 30, 2020 4:52pm Dec 30, 2020 4:52pm

Lekkim
Joined Apr 2019 | Status: Crypto fanatic | 1,589 Posts

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{quote} Wow, looks like a great generation of targeted shift with volume, on a general note, we can see volume in it's rawest form but need to decipher buying and selling, our only tell is probability of trend, can see from the off this is going to be interesting, thanks Lekkim, D

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I agree. That's what I'm gonna try to do tomorrow, entering the market in extreme vol environments and we'll see how it goes

#22
Dec 30, 2020 5:08pm Dec 30, 2020 5:08pm

detector
Joined Dec 2017 | Status: Trader | 3,743 Posts

I throw a EU chart up Lekkim, this is why volume is a little sketchy,
first glance,
I may have tailed position 1 up, fairly generic,
2, I would have a continuation of trend 1,
3 a possible continuation after getting 2 wrong and price going down
4 maybe a rise in price and volume, not always the case though, maybe a fluke for me
5 a possible fluke in the spike
A generalisation from me looking at the volume and price but don't forget this is after the event from me, very easy to see and say, doing this realtime is something else.
I'm turning in soon, see the new GU chart up, will post tomorrow, we'll get our good friend Li on the case too, looking forward to more, volume analysis will always set the board on fire

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I don't need to be good at the game, only good enough to beat my opponent,

#23
Dec 30, 2020 5:14pm Dec 30, 2020 5:14pm

detector
Joined Dec 2017 | Status: Trader | 3,743 Posts

Quoting Lekkim

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{quote} I agree. That's what I'm gonna try to do tomorrow, entering the market in extreme vol environments and we'll see how it goes

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Good luck for tomorrow, last day of trading before the newyear may throw some curve balls, first strike will be interesting though, trade well and keep us posted on the results, will speak tomorrow and elaborate

I don't need to be good at the game, only good enough to beat my opponent,

#24
Dec 30, 2020 10:20pm Dec 30, 2020 10:20pm

vinforex7
| Joined Sep 2012 | Status: Starting on a million $ journey!!! | 540 Posts

Quoting Lekkim

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{quote} GBP/USD today {image}

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Very interesting and very accurate points!!! But how do you identify those points? and I don't even see a volume indicator also. And how do you do it in real time? which is the most challenging part!!!

Please guide us...

#25
Dec 30, 2020 10:50pm Dec 30, 2020 10:50pm

mhmd80y
| Joined Dec 2020 | Status: Trader | 4 Posts

im just talking brokers never offer real volume because then we could trade without any analysis given the prevailing market volume and trend.Is your system against this?

#26
Dec 31, 2020 9:42am Dec 31, 2020 9:42am

franconep
| Joined Aug 2020 | Status: Trader | 13 Posts

Quoting mhmd80y

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im just talking brokers never offer real volume because then we could trade without any analysis given the prevailing market volume and trend.Is your system against this?

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His method is based on the fact that he collects volumes from more different brokers

#27
Dec 31, 2020 11:31am Dec 31, 2020 11:31am

Lekkim
Joined Apr 2019 | Status: Crypto fanatic | 1,589 Posts

Quoting mhmd80y

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im just talking brokers never offer real volume because then we could trade without any analysis given the prevailing market volume and trend.Is your system against this?

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Yes, 'real' volume can be hard to extract from metratrader brokers. There are ways also other platforms and software provide this opportunity
I'm all for analyzing retail positions and countertrade them

#28
Dec 31, 2020 11:35am Dec 31, 2020 11:35am

Lekkim
Joined Apr 2019 | Status: Crypto fanatic | 1,589 Posts

https://www.myfxbook.com/members/Lekkim/avt/7605431
Demo up and running today, however, my full focus will first be on this from next week

#29
Dec 31, 2020 11:57am Dec 31, 2020 11:57am

Lekkim
Joined Apr 2019 | Status: Crypto fanatic | 1,589 Posts

Inserted Video

Happy new year, traders!

#30
Dec 31, 2020 12:16pm Dec 31, 2020 12:16pm

franconep
| Joined Aug 2020 | Status: Trader | 13 Posts

Btw the broker IG tested a similar way to trade, basically they proved that in many cases while most traders where short price would rise, and viceversa, I'm confident that the volume if far more reliable than the % of short or long traders so your way of trading volumes is very likely to be profitable. Are you going to give more informations about your system in time? I mean informations like why you take a trade, what are your triggers for entries etc, from what I read on one of your past threads it's very unlikely to get the hands on your indicators, so I'm not asking for that. Another question I have is if you are going to trade by building positions or by making simple entries? Or both? I ask because a lot of traders try to spot where banks etc build positions and try to replicate "Market movers", I've tried this kind of thing a lot and I'm still studying this approach, there are some who trade like this using cycles, order blocks etc, but maybe it would be easier and more precise by doing it by studying the volume. Thanks and happy new year.

#31
Dec 31, 2020 1:21pm Dec 31, 2020 1:21pm

mhmd80y
| Joined Dec 2020 | Status: Trader | 4 Posts

Quoting Lekkim

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{quote} Yes, 'real' volume can be hard to extract from metratrader brokers. There are ways also other platforms and software provide this opportunity I'm all for analyzing retail positions and countertrade them

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Happy New Year Comrade, if there is a really valid way to show the actual volume and not the number of transactions
It can be really helpful and I look forward to seeing how much more information you can give us now.

#32
Jan 1, 2021 1:13am Jan 1, 2021 1:13am

vinforex7
| Joined Sep 2012 | Status: Starting on a million $ journey!!! | 540 Posts

Quoting Lekkim

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{quote} Yes, 'real' volume can be hard to extract from metratrader brokers. There are ways also other platforms and software provide this opportunity I'm all for analyzing retail positions and countertrade them

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Volume analysis and counter trading the retail positions are way too different. So where would you be taking the volumes from? at real time?

Counter trading the retail positions seem to be a good method too, and has been attempted here in the FF quite a few times. The basic idea looks good... but there is a fine line of balance, where the shift happens. It's not the 50:50. how do you define that?

As per retail sentiment, you should be buying GBPJPY, but you have sold it... and it's in drawdown. Any particular reasons?
Interested.. and waiting for more insights from you. Thanks

#33
Jan 1, 2021 6:40am Jan 1, 2021 6:40am

RickM
Joined Sep 2015 | Status: Trader | 2,516 Posts

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I throw a EU chart up Lekkim, this is why volume is a little sketchy, first glance, I may have tailed position 1 up, fairly generic, 2, I would have a continuation of trend 1, 3 a possible continuation after getting 2 wrong and price going down 4 maybe a rise in price and volume, not always the case though, maybe a fluke for me 5 a possible fluke in the spike A generalisation from me looking at the volume and price but don't forget this is after the event from me, very easy to see and say, doing this realtime is something else. I'm turning in soon,...

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Hi Detector

Lets look at data coming out of Chicago, see the different. If we think of liquidity as being fixed, not this deep pool of $$$ rubbish we are fed then we may start to understand. When volume spikes up, it is destroying just about every Sell order on the books (order flow orders). If traders now do not enter, price has to collapse and fall back to central order density.

IT REVERSES

Orders are exhausted more than you think because orders that sit on the chart are shallow. That is because all liquidity sits within a narrow price channel.
Volume analyse also proves stop loss runs do not happen, but the market makers still moves price to these areas to keep traders believing in fairy tales.

Cheers

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Trading thin liquidity at the boundary of the charts

#34
Jan 1, 2021 8:29am Jan 1, 2021 8:29am

Hayven
| Joined Dec 2020 | Status: Trader | 1 Post

Quoting detector

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I throw a EU chart up Lekkim, this is why volume is a little sketchy, first glance, I may have tailed position 1 up, fairly generic, 2, I would have a continuation of trend 1, 3 a possible continuation after getting 2 wrong and price going down 4 maybe a rise in price and volume, not always the case though, maybe a fluke for me 5 a possible fluke in the spike A generalisation from me looking at the volume and price but don't forget this is after the event from me, very easy to see and say, doing this realtime is something else. I'm turning in soon,...

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Looking forward to this.

#35
Jan 1, 2021 10:19am Jan 1, 2021 10:19am

mhmd80y
| Joined Dec 2020 | Status: Trader | 4 Posts

All you need to do to trade is understand IchimokoIs there anyone who has achieved continuous profitability of this system and can introduce us to useful training?

#36
Jan 1, 2021 3:57pm Jan 1, 2021 3:57pm

slb
| Joined Nov 2019 | Status: Trader | 1,170 Posts

Quoting RickM

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{quote} Hi Detector Lets look at data coming out of Chicago, see the different. If we think of liquidity as being fixed, not this deep pool of $$$ rubbish we are fed then we may start to understand. When volume spikes up, it is destroying just about every Sell order on the books (order flow orders). If traders now do not enter, price has to collapse and fall back to central order density. IT REVERSES Orders are exhausted more than you think because orders that sit on the chart are shallow. That is because all liquidity sits within a narrow price...

Ignored

that drop before uk open and the accumulation after open is a sellers remove, a typical (movement) accumulation, cleanout and rotation up
the others are more difficult to spot because they don't have much accumulation before the turn

Uncertainty of the market must be embraced and accepted.

#37
Edited 4:52pm Jan 1, 2021 4:42pm | Edited 4:52pm

RickM
Joined Sep 2015 | Status: Trader | 2,516 Posts

Quoting slb

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{quote} that drop before uk open and the accumulation after open is a sellers remove, a typical (movement) accumulation, cleanout and rotation up the others are more difficult to spot because they don't have much accumulation before the turn

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Hi SLB

So true.
Sometimes we see this unique 3 bar Forex pattern at the top of a move as well - AUDUSD
But volume will always shout at as us to pay attention. A full reversal on GBPUSD will often show a single candle on the M1 chart about 8-10 times normal volume or a group of 5-10 candles around 5 times normal volume levels.

Cheers

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