Advanced volume trading | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Question: What is the difference between Tick Volume and (true) Volume? 8 replies

Does 'volume' of MT4 show the tick volume of the market? 47 replies

Better volume low volume bar alert 3 replies

Trading in the Zone advanced indicator (Trading Chaos by Bill Williams) 12 replies

volume ask volume bid 0 replies

Attachments: Advanced volume trading
Exit Attachments

Advanced volume trading

  • #121
  • Jan 3, 2021 7:15pm Jan 3, 2021 7:15pm
Quoting RickM
BWilliams is probably just sick of spending hours and hours in front of a chart so just looks for a prefect entry on a longer time frame. Cheers
Someday in the future you will agree with me, just not today.

Quoting RickM
{quote} Here is an example between the paid volume data I get and Tick volume on MT4. I cannot say if any data we get is accurate, but we need to trust data we work with and the MT4 tick data is useless in my opinion. The blue line in the top chart is what I consider average volume, I will look to take trades when I see spikes in volume that match price expansion, either with or against the direction. That large white spike was high of day. {image}
I understand your idea, just that we can't use mt4 volume data for the purpose. Your pics show a big difference. So long as your paid data shows consistency and work for you no reason not to trust it.
Know what you trade
  • #122
  • Jan 3, 2021 7:24pm Jan 3, 2021 7:24pm
Quoting Lekkim
There were some nice index and strength indicators on fxcm's marketscope. Then they decided to close my account since I'm a EU resident. It was a good explationary tool as well. I switched to other software, but I would still recommend those if u have an account and it hasn't been shut down for non-eu users as well {image}
What's wrong with CCFp, it works nicely. I do refer to it to select the better trading pairs for the day.
Know what you trade
  • #123
  • Jan 3, 2021 7:36pm Jan 3, 2021 7:36pm
Quoting xRedStaRx
{quote} The correlation between USDJPY and the stock market has broken down since COVID, risk-off selling makes USDJPY go up, not down. The reason why the demand for USD goes up is that stock market selling is mostly hedged, and US treasuries are the global safe haven. In a real risk-off, all money goes to the Dollar, not the Yen. Even CHF is better for safe havens than Yen today given the reflationary story.
Ok that's more for fundamentals trading. I'm a 100% intraday chart trader, everything is in the price that's what I trust. If I position trade I have to pick up fundamentals which involves a wider spectrum outside forex alone. For now it's good to have knowledge, thanks.
Know what you trade
  • #124
  • Jan 3, 2021 7:42pm Jan 3, 2021 7:42pm
Seems as myfxbook updated their site to this year.. Re-uploaded demo acc, now it updates as it should
  • #125
  • Jan 3, 2021 7:42pm Jan 3, 2021 7:42pm
https://www.myfxbook.com/members/Lekkim/avt/7609762
  • #126
  • Jan 4, 2021 12:02am Jan 4, 2021 12:02am
Quoting Lekkim
https://www.myfxbook.com/members/Lekkim/avt/7609762
Idk what's new with fxbook, usually it updates mt4 each 4h hour, anyways, equity is at 141$ atm
  • #127
  • Jan 4, 2021 12:23am Jan 4, 2021 12:23am
Quoting Lekkim
{quote} Idk what's new with fxbook, usually it updates mt4 each 4h hour, anyways, equity is at 141$ atm
Waiting for more clues on the way you make trades....
  • #128
  • Jan 4, 2021 12:25am Jan 4, 2021 12:25am
Quoting vinforex7
{quote} Waiting for more clues on the way you make trades....
Let's get the account to 500$ to prove myself, then I'll explain the trades
  • #129
  • Jan 4, 2021 12:36am Jan 4, 2021 12:36am
Quoting Lekkim
{quote} Let's get the account to 500$ to prove myself, then I'll explain the trades
That sounds great.... and as a trader, I have great patience!!! We can wait...!!! In the meanwhile... please keep posting your ideas, theories.. and insights on forex trading!!!
  • #130
  • Jan 4, 2021 12:37am Jan 4, 2021 12:37am
[quote=vinforex7;13340678]{quote} That sounds great.... and as a trader, I have great patience!!! We can wait...!!! In the meanwhile... please keep posting your Thank you for your compliment, much appreciated
  • #131
  • Jan 4, 2021 12:49am Jan 4, 2021 12:49am
Quoting vinforex7
{quote} That sounds great.... and as a trader, I have great patience!!! We can wait...!!! In the meanwhile... please keep posting your ideas, theories.. and insights on forex trading!!!
Hopefully target will be reached before market close on friday, lol 165$ equity
  • #132
  • Jan 4, 2021 1:20am Jan 4, 2021 1:20am
Attached Image (click to enlarge)
Click to Enlarge Name: avt.PNG Size: 103 KB
  • #133
  • Jan 4, 2021 2:22am Jan 4, 2021 2:22am
Attached Image
  • #134
  • Jan 4, 2021 3:11am Jan 4, 2021 3:11am
Good way to lose money
  • #135
  • Jan 4, 2021 6:46am Jan 4, 2021 6:46am
Quoting Lekkim
{image}
Great start Lekkim, do you have a set TP or exhaustion move and manually, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #136
  • Jan 4, 2021 10:10am Jan 4, 2021 10:10am
Quoting detector
{quote} Great start Lekkim, do you have a set TP or exhaustion move and manually, D
Taking good shape on FXB, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #137
  • Jan 4, 2021 12:05pm Jan 4, 2021 12:05pm
$360 equity, guess I should have made that real acc, aha
Trading's manually, detector
Attached Image (click to enlarge)
Click to Enlarge Name: 4janavt.PNG Size: 118 KB
  • #138
  • Jan 4, 2021 1:09pm Jan 4, 2021 1:09pm
Quoting Lekkim
$360 equity, guess I should have made that real acc, aha Trading's manually, detector {image}
Kicked it out the park you did, well done, definitely getting some attention, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #139
  • Jan 4, 2021 1:41pm Jan 4, 2021 1:41pm
Lekkim, I going away for a few weeks, unless all changes in the UK, so will catch up when I get back, looking forward to seeing this go from strength to strength, so great work you've put in, expect the rewards, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #140
  • Jan 4, 2021 1:43pm Jan 4, 2021 1:43pm
I’m in,

Every day I’m more convince that volume is the key to trading any time frame.

The only problem that I find is that I never have found it explained in clear terms, for example with VSA there are many ifs and buts and is not clear. With VSA you have an upthrust and you ask why it was not valid and they will tell you that 100 bars ago the context was not right. What I mean with this is that they always make an excuse the times that it does not work an is because something that you have overlook, I’m not saying that it does not work, just that it does not work for me because the rules are not clear.

I hope that i learn on this thread
Good luck with it
Kind regards
1 trader viewing now