The Gold in Time frame Weekly Will going down to 1855, look at indicator Awesome Oscilator but in Time frame Monthly Will little up with range 2037-1900/Troy once.
Understanding volume gets you the needed confidence. {image}
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Interensting aproach.
But...i think it is some misunderstanding. Indicator named VOLUME in MT4 platform doesnt show volume (number of traded contracts). It shows number of ticks in period of time.
{quote} Interensting aproach. But...i think it is some misunderstanding. Indicator named VOLUME in MT4 platform doesnt show volume (number of traded contracts). It shows number of ticks in period of time.
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let’s not fall into semantics, I’ve seen other threads dissolve over mt4s volume versus tick data argument.
regardless of what you want too refer to it as, encrypt has based his trading around that metric, so apply the concepts to it and embrace the system or find another system.
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Joined Jun 2023
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Some indications I’ve picked up on from trading around volume for so long.
healthy trends are usually supported with ascending or descending volume - like a staircase.
the market will try to fake you out with candles that make large moves (big candlesticks) but you can spot these by observing if the volume is less than the previous in-trend volume bar.
Here’s a trade utilizing everything, capturing a nice breakout to the downside
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Joined Jun 2023
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When scalping - on any trade there’s usually two ideal times you’ll want to enter - preemptively, before everyone gets in and moves the price or after price has moved and you hedge that there’s enough liquidity there to take some profit
when using volume, we have a pretty good understanding of which side of the market is winning and can create a pretty strong bias. So with that, you can enter preemptively a lot of the times and see good returns - it’s definitely harder but more rewarding. However using volume makes it easier than other methods when trying to enter preemptively.
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