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Using volume to predict price movements

  • #21
  • Edited 10:06am Apr 21, 2022 9:53am | Edited 10:06am
Quoting dele5000
Please throw more light on this strategy, what are the factors that inform you to enter or not to enter a trade, and how can one get the volume indicator you are using
Thanks for your interest.
Sure I will, more to come in this thread. If you want to know about theory behind this try read earlier threads from post 1, also a brief introduction on trading this I talked about steps in post 3. Check post 7 for similar indicator ask.

I've been obsessed with trading for a decade and last few years on the price/volume method. I've tried and tested a lot, finally it looks like something interesting, that is why I came back to FF. I believe I've developed a trading strategy than looks like could make consistent profit. Let me show here it can make money then we can talk about sharing the whole thing (already shared the basics), I'm also not here for selling I would like to make some dough myself and share with you the journey.
  • #22
  • Apr 21, 2022 10:00am Apr 21, 2022 10:00am
Audjpy moving down to fair value as expected, yet not closing though, when it's down at green line it's a wrap.
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  • #23
  • Apr 21, 2022 10:04am Apr 21, 2022 10:04am
Loading up new longs on eurusd and gpbusd as indifference got even wider.
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  • #24
  • Apr 21, 2022 1:47pm Apr 21, 2022 1:47pm
Thanks for your thread but you are using proprietary tools so nobody can replicate your performance or test your idea.
  • #25
  • Apr 21, 2022 2:19pm Apr 21, 2022 2:19pm
Quoting Merka
Thanks for your thread but you are using proprietary tools so nobody can replicate your performance or test your idea.
Thanks for compliment on thread.
Not really that proprietary, I share visuals of most of it. It could be shared anytime by me (for a box of fine wine) haha
Even if some traders are clever enough, they can put it together themselves, heck. Just remember to give me credit for the theory if duplicating.. Hopefully we can all all improve our trading by sharing ideas, eventually.
  • #26
  • Apr 21, 2022 3:12pm Apr 21, 2022 3:12pm
How did you solved the fact that forex volume is unreliable because of the decentralized market?
  • #27
  • Apr 21, 2022 3:17pm Apr 21, 2022 3:17pm
Quoting Merka
How did you solved the fact that forex volume is unreliable because of the decentralized market?
Yes it's unreliable, that's why it's taken me years to find solid data.
There are different kind of volume data available, easiest one to compile from is from your broker of retail clients in metatrader.
  • #28
  • Apr 21, 2022 4:02pm Apr 21, 2022 4:02pm
Nice strategy bro. Looks very promising.
  • #29
  • Apr 21, 2022 4:06pm Apr 21, 2022 4:06pm
Quoting Wilczur
Nice strategy bro. Looks very promising.
Thanks bro. Hope I will deliver this time and not disappoint. Nice dog picture btw
  • #30
  • Apr 21, 2022 4:08pm Apr 21, 2022 4:08pm
Bro,
Could have you look at USDCHF? In my mind it is good point to short it.
  • #31
  • Apr 21, 2022 4:12pm Apr 21, 2022 4:12pm
Quoting Wilczur
Bro, Could have you look at USDCHF? In my mind it is good point to short it.
That pair's been pretty mixed today, not confident on direction but I would tend to short it, but wouldn't trade it myself rn.
I daytrade atm, as seen on chart I made small profit on shorting it ealier, but see also both lines fighting, no clear signal
Edit: just looked mid and long term, seems reasonable to short it at this price level
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  • #32
  • Apr 21, 2022 4:19pm Apr 21, 2022 4:19pm
Quoting Lekkim
{quote} That pair's been pretty mixed today, not confident on direction but I would tend to short it, but wouldn't trade it myself rn. I daytrade atm, as seen on chart I made small profit on shorting it ealier, but see also both lines fighting, no clear signal {image}
Bro, how did you take your decision about shorting in this stage? There was a difference between price and volume earlier (on the middle of this photo)
  • #33
  • Apr 21, 2022 4:22pm Apr 21, 2022 4:22pm
Quoting Wilczur
{quote} Bro, how did you take your decision about shorting in this stage? There was a difference between price and volume earlier (on the middle of this photo)
Red price started pulling up gap from green volume, then after in profit green started dragging down again, therefore I closed it
Attached Image (click to enlarge)
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  • #34
  • Apr 22, 2022 1:40am Apr 22, 2022 1:40am
Greetings Lekkim ,
Subscribed and looking forward.
Would like to see more on us30 and gold if possible haha, thanks in advance and best of luck
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #35
  • Apr 22, 2022 2:34am Apr 22, 2022 2:34am
ABOUT THE SCREENSHOTS THAT YTOU LET US WATCH.
Which indicator do you use for visual representation of the gap of red price and green volume.
Volume in Metatrader is not a line.
Thank you very much
  • #36
  • Apr 22, 2022 2:59am Apr 22, 2022 2:59am
Quoting Lekkim
{quote} Red price started pulling up gap from green volume, then after in profit green started dragging down again, therefore I closed it {image}

Welcome back Legend , Interesting Strategy, looking Forward Everyday by now. thx alot,
  • #37
  • Apr 22, 2022 7:55am Apr 22, 2022 7:55am
Hi Lekkim, you need to let people understand the strategy, may be you can't teach or impart it the way one will understand, and this make me ask this question: is it when you see price and volume diverge that you consider trade entry?
Thanks for your effort
  • #38
  • Apr 22, 2022 10:06am Apr 22, 2022 10:06am
Gentlemen I’m in massive loss and embarrassed over late nights calls.

It warms my heart with your interessed and kinds words. However I might not be fully confident about the price/volume strategy just yet. I took down my demo in shame, last two days went well, but today’s pan sell off knocked my out. I considering discontinuing this thread until I can provide solid result on forwardtesting. Until real acc consistent proven and verified by myfxbook, it’s theory and speculation. I think I’m closer than ever to find a real edge in trading. Tried so much for many years.. This has potential, but getting it all right with human diciplin etc is such a challenge. I’m very open for second thoughts, maybe you can help this method with fresh eyes, maybe I’m missing something. Thanks in advance - Best wishes, Lekkim.
  • #39
  • Apr 22, 2022 10:28am Apr 22, 2022 10:28am
There comes a time where someone will fully understand this edge in trading and be able to consistently profit from it. I lost this battle this friday but I will win the war. I dont want to waste anyones time including my own. I have a hard times taking demo’s seriously and over leverage it, so even tho most calls correct I destroy a positive profit factor to drawdown. Haha you guys know the drill of back and forward testing, can be stressful
  • #40
  • Apr 22, 2022 10:43am Apr 22, 2022 10:43am
Here are some chart passion/art to get us going on unlucky day, lol
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