Dislikedshort e/u 1.2776
Looks like sellers control (volume) atm, and a H&S on 1min breaking down.Ignored
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
McGrew MACD & Other discussions 23 replies
Cash & Carry (The "Perfect" Hedge) Open Thread Discussions 64 replies
VTTrader: New Indicators & Trading Systems Only: No Discussions please 70 replies
Dislikedshort e/u 1.2776
Looks like sellers control (volume) atm, and a H&S on 1min breaking down.Ignored
DislikedHi Pete,
appreciate you setting up this journal.
I am tying to incorporate volume in my trading and have been using it as added confirmation for a breakout.
Correct if I am wrong. You are using volume primarily to determine if a trend will continue or whether a reversal is likely. For example, if price is on an uptrend but volume is drying up, then we may be looking for a reversal.
Appreciate if you can share on how exactly you use volume in your trades.
Thanks!!Ignored
DislikedHi, Sabre. You are welcome anytime.
Yes, you are correct in your example. Two, 1min red candles with healthy, or higher than recent average vlme is my official signal for reversal, but I bend the rules sometimes..it takes time to read correctly into vlme..screen time is crucial to really understand.
Another example would be chop, with a few volume spikes on healthy green candles. I would trust a break out long much more after seeing that..
remeber that buyers can come in on wicks as well, on a red candle..so watching it play out is crucial...Ignored
DislikedThanks Pete,
makes sense, but who do u determine the 'recent average vlme'? Is it by eye-balling? How many candles do you go back?
Sorry I am asking about the details. I know that it takes much screen time to figure it out but at least I know what to look out for...
Cheers
AlexIgnored