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Advanced volume trading

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.
Trade the value
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.
Trade the value
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.
Trade the value
Seems as myfxbook updated their site to this year.. Re-uploaded demo acc, now it updates as it should
https://www.myfxbook.com/members/Lekkim/avt/7609762
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
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....
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
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!!!
[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
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
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Good way to lose money
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,
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,
$360 equity, guess I should have made that real acc, aha
Trading's manually, detector
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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,
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,
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
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