Trading with REAL support and resistance (Big volume zones) | Forex Factory

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Trading with REAL support and resistance (Big volume zones)

  • #1
  • First Post: May 24, 2012 6:44pm May 24, 2012 6:44pm
I like to keep my charts clean and simple. Just price and big volume zones, where I see real institutional volumes, which are the true ultimate drivers of price directions daily.

First examples of recent trades based on these volume zones.
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  • #2
  • May 24, 2012 11:47pm May 24, 2012 11:47pm
Today's volume zones to watch. First, the EUR/USD:
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  • #3
  • May 24, 2012 11:56pm May 24, 2012 11:56pm
Today's volume zone (real resistance) for GBP/USD:
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Click to Enlarge Name: gbpusd_05252012.gif Size: 12 KB
  • #4
  • May 25, 2012 1:21am May 25, 2012 1:21am
Today's volume zone (real support) for USD/JPY:

(Economic calendar's relatively light today, these levels should do fine with tight stops. Watch for price action when it gets close to these volume zones)
Attached Image (click to enlarge)
Click to Enlarge Name: uj_05252012.gif Size: 12 KB
  • #5
  • May 25, 2012 1:25am May 25, 2012 1:25am
Hi there, I was just trying to figure out how you determine your volume zones (real sr) and I think you are grouping lots of candles in the tightest area as possible??
  • #6
  • May 25, 2012 2:24pm May 25, 2012 2:24pm
Quoting Vitaluna
Hi there, I was just trying to figure out how you determine your volume zones (real sr) and I think you are grouping lots of candles in the tightest area as possible??
Yes, basically I used a combination of cluster analysis and some algorithms to derive the high-volume zones. They have turned out to be highly and consistently accurate. Just requires some screen time to learn price action around these zones to trade profitably with them.
  • #7
  • May 25, 2012 2:25pm May 25, 2012 2:25pm
EUR/USD volume zone we were watching earlier today; Here's how it worked out:
Attached Image (click to enlarge)
Click to Enlarge Name: eu_05252012.gif Size: 17 KB
  • #8
  • May 25, 2012 2:26pm May 25, 2012 2:26pm
GBP/USD volume zone from earlier today; here's how that one turned out:
Attached Image (click to enlarge)
Click to Enlarge Name: gu_05252012.gif Size: 18 KB
  • #9
  • May 27, 2012 7:03pm May 27, 2012 7:03pm
Quoting SMTrader
Today's volume zone (real support) for USD/JPY:

(Economic calendar's relatively light today, these levels should do fine with tight stops. Watch for price action when it gets close to these volume zones)
Here's how the USD/JPY turned out, exactly as we anticipated:
Attached Image (click to enlarge)
Click to Enlarge Name: uj_05252012.2.gif Size: 17 KB
  • #10
  • Oct 23, 2012 1:59am Oct 23, 2012 1:59am
Where do you see real institutional volumes?
What indications are there on a chart?
What must a person look for on a chart to see it?
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #11
  • Last Post: Oct 31, 2012 2:53am Oct 31, 2012 2:53am
can u tell me more about this?
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