Using volume to predict price movements | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Predict breakouts & trend reversals using macd/bb% 116 replies

Predict dollar movement using astrology 48 replies

Using the currency pairs to predict the market 5 replies

Using future orderflow, to predict spot prices 16 replies

Movements of Forex, and using a stop loss 45 replies

Attachments: Using volume to predict price movements
Exit Attachments

Using volume to predict price movements

  • #81
  • May 21, 2022 2:13pm May 21, 2022 2:13pm
Welcome back Sir Lekkim! I respect your persistency. Hope you have it figured out now, I follow along, gl
  • #82
  • May 21, 2022 2:18pm May 21, 2022 2:18pm
Quoting Liarg
Welcome back Sir Lekkim! I respect your persistency. Hope you have it figured out now, I follow along, gl
Thank you Liarg! Haha yeah Rome wasn't build in one day, right. Welcome back yourself also
  • #83
  • May 21, 2022 2:33pm May 21, 2022 2:33pm
Trading using daily timeframe would not be such a bad idea since it eliminates lots of stress. Or combining/confirming on many time periods. From the seven charts from last post in last page this would be where it would be optimal to enter trades:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.PNG Size: 11 KB
Click to Enlarge Name: eu.PNG Size: 9 KB
Click to Enlarge Name: uj.PNG Size: 8 KB
  • #84
  • May 21, 2022 6:07pm May 21, 2022 6:07pm
Quoting Lekkim
This thread is going to be all about volume analysis and how to profit from it. It's a continuation of my earlier threads on the topic (Tug of war & Advanced volume trading https://www.forexfactory.com/thread/...n-market-flows? & https://www.forexfactory.com/thread/...volume-trading?) I'm back on FF after a year break, I've updated and improved my approach and I'm confident it has value, looking forward discussion and showing strategies here. All volume and finding edges in financial trading is...
very interesting, will be following.
  • #85
  • May 22, 2022 8:12am May 22, 2022 8:12am
Quoting venividivici
{quote} very interesting, will be following.
Hey venividivici! Thanks for compliment and welcome in thread, cool
  • #86
  • May 22, 2022 8:18am May 22, 2022 8:18am
Some daily candle analysis with multi charts on audcad, euraud and eurgbp. Price/pink trade entries marked by lines for information purpose.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ac.PNG Size: 16 KB
Click to Enlarge Name: ea.PNG Size: 12 KB
Click to Enlarge Name: eg.PNG Size: 15 KB
  • #87
  • May 22, 2022 8:31am May 22, 2022 8:31am
Quoting Lekkim
Some daily candle analysis with multi charts on audcad, euraud and eurgbp. Price/pink trade entries marked by lines for information purpose. {image} {image} {image}
thanks for your charts lekkim!

why didn't you enter longs at the red marked points?
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.png Size: 19 KB
  • #88
  • May 22, 2022 8:35am May 22, 2022 8:35am
Quoting Zookeeper85
{quote} thanks for your charts lekkim! why didn't you enter longs at the red marked points? {image}
You're welcome, more to come. Simple because of laziness, I just put lines to make sure readers understand what to look for and when it's optimal to enter trades based on this
  • #89
  • May 22, 2022 9:16am May 22, 2022 9:16am
Here's some daily examples of volume/black trades, cadjpy and eurcad. Notice the huge short squeeze in cadjpy in march and april.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cj.PNG Size: 15 KB
Click to Enlarge Name: ec.PNG Size: 15 KB
  • #90
  • May 23, 2022 10:12am May 23, 2022 10:12am
Bro, Did you have try to using divergence? On volume/price or other combined indicator? For me it looks very very promising.
Attached Image (click to enlarge)
Click to Enlarge Name: Divergence.png Size: 35 KB
  • #91
  • May 26, 2022 3:06am May 26, 2022 3:06am
Quoting Lekkim
Here's some daily examples of volume/black trades, cadjpy and eurcad. Notice the huge short squeeze in cadjpy in march and april. {image} {image}
Hey, I think I can help you. I know how to find the high or low on the chart, but not always the price turns for a longer time. That's the problem I'm solving, I think you solved that. Could I also ask for an indicator so I can test it?

There's no way to test it like this from the pictures. Unless the only option would be to share me some pictures of the whole MT4, including your volume indicator. I need the whole chart, timeframe and either hourly chart or 15m. (I mean full chart picture with your indicator... Not really full MT4 )

If you are up for it and want to try it, send me a PM with those pictures. As soon as I can, I will check it at home on my computer.

If I'm correct, it will help you pinpoint exact high or low where to entry without any drawdown. Max 3 -5 pips.

See you later

SF
  • #92
  • Edited 4:54am May 26, 2022 4:05am | Edited 4:54am
Quoting SilentFather
{quote} Hey, I think I can help you. I know how to find the high or low on the chart, but not always the price turns for a longer time. That's the problem I'm solving, I think you solved that. Could I also ask for an indicator so I can test it? There's no way to test it like this from the pictures. Unless the only option would be to share me some pictures of the whole MT4, including your volume indicator. I need the whole chart, timeframe and either hourly chart or 15m. (I mean full chart picture with your indicator... Not really full MT4 )...
How do you find the high or low that is also interesting, I trade pullbacks and many times for me is hard, so i have to ask as you mentioned the following:

If I'm correct, it will help you pinpoint exact high or low where to entry without any drawdown. Max 3 -5 pips.

Thanks
Kind Regards
  • #93
  • May 26, 2022 5:57am May 26, 2022 5:57am
Quoting Frag8383
{quote} How do you find the high or low that is also interesting, I trade pullbacks and many times for me is hard, so i have to ask as you mentioned the following: If I'm correct, it will help you pinpoint exact high or low where to entry without any drawdown. Max 3 -5 pips. Thanks Kind Regards
Yes, hello, you need an indicator that copies the price and creates it above and below the price. You also need it to react to volatility. This will create above and below the price mentioned points where the price either turns or at least reacts to it. The trade is opened in the direction of the trend, but the end of the trend can be found as well. The problem is that there is no way to know if it is just a pullback or if the price will reverse and the trend will change. What I have found is it is possible to hit a top or bottom on any time frame, be it 1m, 5m, 30m, 1h, daily chart, weekly etc... Of course if you open a trade on say a daily chart, the stoploss can't just be 5 pips, but maybe 15 pips. Because we create horizontal line by hand, not with the help of an indicator... So we can be wrong by a few millimeters, which means the drawdown could be a bit bigger than we intend.

The problem is also that sometimes no point is created. It depends on the setting of the indicator how far above or below the price a line will be formed from the real price. If the setting is too high, a low or high will not be formed. If the setting is too low, too many points will be formed.

It has its flaws, but it is very accurate if one knows how to do it. You can create trend lines this way. It's not drawn from the price, it's drawn from the indicator. Also works much better than normal TL.

And one more thing I figured out quite recently, one can find out what time the price will turn. We don't know if up or down, we only know when. At what time and at what place on the chart.
  • #94
  • May 26, 2022 8:46am May 26, 2022 8:46am
Gentlemen, I've decided to share indicator and template of my scaling and setup so you can test this yourself.
I've developed and shared strategy for long now and researched this indicator for years. I did not make this indicator myself, but I believe I found best way to use it.
I will make quick guide on setup, Best of luck I know you will find it interesting to see it yourself in metatrader and you might will spot if it can be made even better.
More traders eyes on this can only improve it, give a like for sharing the method and indicator setup if you appreciate this. Thanks for a good thread so far.
  • #95
  • May 26, 2022 10:25am May 26, 2022 10:25am
Quoting Lekkim
Gentlemen, I've decided to share indicator and template of my scaling and setup so you can test this yourself. I've developed and shared strategy for long now and researched this indicator for years. I did not make this indicator myself, but I believe I found best way to use it. I will make quick guide on setup, Best of luck I know you will find it interesting to see it yourself in metatrader and you might will spot if it can be made even better. More traders eyes on this can only improve it, give a like for sharing the method and indicator setup...
Hello there, that's nice. I will start working as soon as possible. Thank You.

Hope we will get somewhere!

SF
  • #96
  • Edited 12:07pm May 26, 2022 11:23am | Edited 12:07pm
Quoting SilentFather
{quote} Hello there, that's nice. I will start working as soon as possible. Thank You. Hope we will get somewhere! SF
Hello SilentFather, yeah hope you will enjoy and find ways to trade it profitable, you're welcome, I believe we can get somewhere especially with more brains researching. I'm making a quick guide now on how to install on mt4 and mt5, will post it here and frontpage in an hour or so. Looking forward to the discussions in thread and you can ask for help with setup here in thread also. Best wishes, Lekkim. Ps; I personally myself use mt5, so I recommend you running it on that, there's a few things easier and better working on there compared to mt4, for example options to scale it etc. Pss: credit and thanks to Evgeny Shevtsov.
  • #97
  • Edited 12:33pm May 26, 2022 12:22pm | Edited 12:33pm
Steps for installment:

MT5
https://www.mql5.com/en/market/produ...Profile+Seller
1. Go through link or go to mql marketplace and search for 'cumulative delta'
2. Install to your metatrader
3. Download attached template and copy it into your metatrader 'files' > 'open data map' in metatrader (ctrl+shift+D) go to 'MQL5' > 'profiles > 'templates' and put template into this map then restart metatrader
4. Right click on chart in metatrader and go 'templates' and load 'pricevolumemt5'

MT4
https://www.mql5.com/en/market/produ...Profile+Seller
1. Go through link or go to mql marketplace and search for 'cumulative delta'
2. Install to your metatrader
3. Download attached template and copy it into your metatrader 'files' > 'open data map' in metatrader (ctrl+shift+D) go to 'templates' and put template into this map then restart metatrader
4. Right click on chart in metatrader and go 'templates' and load 'pricevolumemt4'
Attached File(s)
File Type: tpl pricevolumemt5.tpl   8 KB | 404 downloads
File Type: tpl pricevolumemt4.tpl   3 KB | 502 downloads
  • #98
  • May 26, 2022 12:58pm May 26, 2022 12:58pm
I think I just broke my record for most likes. Haha I appreciate it *smiles*. Who cares about facebook likes? The best one u can have is the ones from similar trading associates, also from buddies here on FF going many years back, thanks for support. Best of luck checking it out. Try not getting to obsessed with it as I did, haha *warning* May it help fellow traders toward financial independency and improved strategies, Cheers, ps: let me hear if it loads allright and you can see it? Otherwise let me know and I can help out
Attached Image (click to enlarge)
Click to Enlarge Name: thanks.PNG Size: 12 KB
  • #99
  • May 26, 2022 1:13pm May 26, 2022 1:13pm
Thank you for sharing Lekkim gonna check it, me just download it
  • #100
  • May 26, 2022 2:34pm May 26, 2022 2:34pm
Thank you. Can you give a few todays examples of potencial trades on lower tfs?
Anything above the line is an uptrend, below the line is a downtrend.
0 traders viewing now