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Advanced volume trading

  • #41
  • Jan 1, 2021 10:57pm Jan 1, 2021 10:57pm
come on you dont know how?????? What is wrong with you?????LOL
  • #42
  • Jan 1, 2021 10:58pm Jan 1, 2021 10:58pm
Quoting Lekkim
An example of volumeflows (eurusd 30dec) Chartporn, can make any 'volumer' moist, lol {image}
I think they are k% lines in different time frames like four hours to one minute .I'm right ?
  • #43
  • Jan 1, 2021 11:04pm Jan 1, 2021 11:04pm
Quoting ninner
come on you dont know how?????? What is wrong with you?????LOL
We'll see about that
  • #44
  • Jan 1, 2021 11:15pm Jan 1, 2021 11:15pm
Quoting mhmd80y
{quote} I think they are k% lines in different time frames like four hours to one minute .I'm right ?
Something like that, yeah
  • #45
  • Jan 1, 2021 11:29pm Jan 1, 2021 11:29pm
Attached Image
  • #46
  • Jan 1, 2021 11:50pm Jan 1, 2021 11:50pm
Quoting detector
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,...
Volume is sketchy, indeed. An interesting challenge and how we can make the market transparent
I agree with your analysis based on what data you have available
I would recommend you breaking down the volume, since that simple indicator only provides with tot no of vol, not directions in sentiment.
  • #47
  • Jan 2, 2021 12:02am Jan 2, 2021 12:02am
Quoting vinforex7
{quote} 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...
I haven't shown you my screens yet, making a soft start, but thanks, hehe
Exactly... Many of us have stumbled upon that issue. Also, most services that provide such data is on a daily/weekly level, which is insufficient for our needs if we want to daytrade. I got real-time data down to under a minute, which is important since you need to have a complete overview of markets when news comes out, ect.
  • #48
  • Jan 2, 2021 12:36am Jan 2, 2021 12:36am
Quoting franconep
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,...
Yes, it makes sense that retail traders lose the most, especially in a zero-sum game as forex
I will. Well, it might would be possible to get a hand on them. Generally, I'm not into selling anything. This thread is for sharing ideas and theories with like-minded traders, then we'll see where it takes us, hehe Both are trade possibilities.. I've been testing dozens of ways to trade volume most effectively, through many years. There are so many ways to trade it, but I've so far imo found out that counter trading in extreme vol situations looks like the way with the most potential.. But feel free to share ideas, I might try/tried testing it that way and can give you some feedback. Banks public fx positions are not something I've found to be valuable.. For example, the service efxnews, was rubbish imo. Sounds cool, tried a lot too, we need to think creatively. Thanks and Happy new year to you as well
  • #49
  • Jan 2, 2021 2:22am Jan 2, 2021 2:22am
Quoting Lekkim
{quote} Yes, it makes sense that retail traders lose the most, especially in a zero-sum game as forex I will. Well, it might would be possible to get a hand on them. Generally, I'm not into selling anything. This thread is for sharing ideas and theories with like-minded traders, then we'll see where it takes us, hehe Both are trade possibilities.. I've been testing dozens of ways to trade volume most effectively, through many years. There are so many ways to trade it, but I've so far imo found out that counter trading in extreme vol situations...
Hi Lekkim

I also mainly counter trade against the market but it works best three ways.
Only trading the M1 chart,

1.. Trade against low to average volume spikes
2.. Wait nil massive increasing volume collapses then trade against the move.
3.. Trade in the direction caused by massive increasing volume after trend has been confirmed.

But without doubt, be a counter direction trader.

Cheers
Trading thin liquidity at the boundary of the charts
  • #50
  • Jan 2, 2021 2:49am Jan 2, 2021 2:49am
Quoting Lekkim
{quote} Volume is sketchy, indeed. An interesting challenge and how we can make the market transparent I agree with your analysis based on what data you have available I would recommend you breaking down the volume, since that simple indicator only provides with tot no of vol, not directions in sentiment.


That's an interesting statement. Awaiting for more info in those lines...
  • #51
  • Jan 2, 2021 2:51am Jan 2, 2021 2:51am
Quoting RickM
{quote} Hi Lekkim I also mainly counter trade against the market but it works best three ways. Only trading the M1 chart, 1.. Trade against low to average volume spikes 2.. Wait nil massive increasing volume collapses then trade against the move. 3.. Trade in the direction caused by massive increasing volume after trend has been confirmed. But without doubt, be a counter direction trader. Cheers
RickM consider the following, from a statistics standpoint trading counter direction expose the risk level to standard deviation at extreme long tail of the distribution graph. The reward measured as a % of the entire move is miniscule. Unless you are a outright contrarian expert like George Soros who calls major counter direction moves for compatible huge rewards. This is not a negative post, just sharing my thought about widely known counter direction trade risk with you and those intraday scalpers in PFs room.
Know what you trade
  • #52
  • Edited 4:08am Jan 2, 2021 3:49am | Edited 4:08am
Quoting BWilliam
{quote} RickM consider the following, from a statistics standpoint trading counter direction expose the risk level to standard deviation at extreme long tail of the distribution graph. The reward measured as a % of the entire move is miniscule. Unless you are a outright contrarian expert like George Soros who calls major counter direction moves for compatible huge rewards. This is not a negative post, just sharing my thought about widely known counter direction trade risk with you and those intraday scalpers in PFs room.
Hi BWilliam

Here's the thing and perhaps this chart will illustrate my point that current liquidity that rests on a chart is not very deep. When price moves to the top of the liquidity band, there is no more orders to Buy into. Almost zero.

UNLESS market orders hit the chart to provide liquidity - its Zero useful Liquidity.

So if we are near the top Boundary of Liquidity -

HOW CAN WE LOSE BY SELLING

The answer is - ONLY IF MARKET ORDERS ARE APPILIED TO THE CHART WITH AGGRESSION.

SO - if we keep a eye on volume as we enter the trade and provided volume (Buying Delta) does not increase , our odds of winning are 93%
Attached Image (click to enlarge)
Click to Enlarge Name: 811.jpg Size: 418 KB
Trading thin liquidity at the boundary of the charts
  • #53
  • Jan 2, 2021 3:57am Jan 2, 2021 3:57am
Here is that 93% trade on EURUSD on Friday

The key factor is knowing price cannot expand unless volume does as well. The only danger is a "slider" which is when price creeps up parallel to market frequency.

Trading counter to the market direction is actually very smart when you know your position is heading towards almost all current liquidity.
Attached Image (click to enlarge)
Click to Enlarge Name: volume collapses.jpg Size: 192 KB
Trading thin liquidity at the boundary of the charts
  • #54
  • Edited 4:44am Jan 2, 2021 4:06am | Edited 4:44am
Quoting RickM
Here is that 93% trade on EURUSD on Friday The key factor is knowing price cannot expand unless volume does as well. The only danger is a "slider" which is when price creeps up parallel to market frequency. {image}
RickM, the 95% intraday liquidity collapse started at the first arrow then the 2nd arrow in the channel has 0% chance to fail. One trade is enough for the day RickM. George's expansion target and ADR says it must happen. Use George's expansion target and ADR combo for intraday swing trade instead of scalping 20trades a day, RickM consider my point. I showed another example with detail charts on GJ the other thread.
Know what you trade
  • #55
  • Edited 4:43am Jan 2, 2021 4:21am | Edited 4:43am
A detail view London open 2nd arrow.
Know what you trade
  • #56
  • Jan 2, 2021 4:27am Jan 2, 2021 4:27am
Quoting BWilliam
{quote} RickM, the 95% intraday liquidity collapse started at the first arrow then the 2nd arrow in the channel has 0% chance to fail. One trade is enough for the day RickM. George's expansion target and ADR says it must happen. Use George's expansion target and ADR combo for intraday swing trade instead of scalping 20trades a day, RickM consider my point. I showed another example with detail charts on GJ the other thread. {image}
Hi BWilliam

I am a manic scalper who loves to feel the market on the way down or way up. That means I like to trade the top of every spike on the way up or bottom of every spike on the way down on the M1 chart.
If I don't take 100 trades a night - I'm not feeling the market.

Does that make me a better trader than yourself - probably not.

All I care about is hitting my daily target which is 1% increase in equity - every trading session.

Lastly working in a live trading group where all members actually share in the workload, support each other when needed and provide possible signals for your next trade position - is essential in my humble opinion.

Cheers
Trading thin liquidity at the boundary of the charts
  • #57
  • Jan 2, 2021 4:35am Jan 2, 2021 4:35am
Quoting RickM
{quote} Hi BWilliam I am a manic scalper who loves to feel the market on the way down or way up. That means I like to trade the top of every spike on the way up or bottom of every spike on the way down on the M1 chart. If I don't take 100 trades a night - I'm not feeling the market. Does that make me a better trader than yourself - probably not. All I care about is hitting my daily target which is 1% increase in equity - every trading session. Lastly working in a live trading group where all members actually share in the workload, support each other...
RickM, Ok I understand the manic scalper part. I was the same in my younger days.

I cleaned up the chart for scalping purpose, the yellow arrows at the channel are good for 10pips scalp each. Watch the bigger wave to ride for more pips. Be careful with the counter direction trades. Plenty of scalps before the collapse in NY market.
Don't get me wrong, I am not trying to prove the better trader. I am posing you the consideration to look at intraday swing trades instead of scalping.
Know what you trade
  • #58
  • Jan 2, 2021 4:41am Jan 2, 2021 4:41am
Quoting BWilliam
A detail view London open 2nd arrow. {image}
BWilliams

Man there is so much stuff on your chart - hope you can see it clearly.
My top chart (I have changed my settings for privacy) is all I have or need.

No targets
No fibs
No ADR
NO F...K nothing else

Just a price channel created from Historical data and volume. I need to "feel" liquidity inbalances and trade the single fixed frequency wave.

Cheers and now we are getting somewhere
Trading thin liquidity at the boundary of the charts
  • #59
  • Edited 5:14am Jan 2, 2021 4:45am | Edited 5:14am
Quoting RickM
{quote} BWilliams Man there is so much stuff on your chart - hope you can see it clearly. My top chart (I have changed my settings for privacy) is all I have or need. No targets No fibs No ADR NO F...K nothing else Just a price channel created from Historical data and volume. I need to "feel" liquidity inbalances and trade the single fixed frequency wave. Cheers and now we are getting somewhere
You're the 1st I shown my charts(deleted), so as a divergent trader you get the idea how I trade. I have all the information I need on one screen that's why it's full of info, the detail info is calibrated for all timeframes so a switch to bigger and smaller timeframes give me the macro and micro view at the same time. For entry when I decide to pull the trigger is the 1m chart.
Know what you trade
  • #60
  • Jan 2, 2021 5:00am Jan 2, 2021 5:00am
Quoting RickM
I need to "feel" liquidity inbalances and trade the single fixed frequency wave. Cheers and now we are getting somewhere
That single fixed frequency wave can be a intraday swing ? A small paradigm shift required. Consider that.
Know what you trade
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