And now I can agree with you. On its own it is indeed not enough, and support resistance etc are vital.
Volume Leads Price - VSA and Wyckoff 150 replies
Richard Demille Wyckoff Method 288 replies
VSA/Wyckoff Trade Journal 16 replies
DislikedSorry about my sarcasm.Could not help it.You should not worry about this thread because I ask questions etc.
If this has merit it can easily pass criticism.
I just wanted traders specially novice traders to know that just trading Volume indi on Mq4 is not enough (otherwise prepare to hand over your money)
Understanding WHY price moves(supply and demand) and WHERE it moves ( support/resistance) is critically important.
No indi is going to show that.One must look at the charts with fresh eyes.
DislikedI find that one indicator that is overlooked is the Bill Williams Market Facilitation Index. If you do some research on this, you'd find that this indicator is extremely powerful especially when it comes to Volume spread analysis.
I trade only using the volume indicator and the BW MFI and so far its been quite consistent with very little drawdownIgnored
DislikedIf you have a chance, would you mind sharing a chart or two to illustrate what you mean?Ignored
Dislikedyes you are correct . that's why i said the fake depending on where it occurs can give us a big clue, its not a signal to enter . it depends on where it occurs.
if you look at wyckoff's jump over the creek or ice, its generally a push thru signalling an inbalance of supply or demand. so if you were smart money, what would you do to get the best price before the strong up/down move? if it was me, I'd "fake" a down move before marking it up, vice versa for down moves. And if you understand sam seiden's supply/demand concepts, smart money can't...Ignored
DislikedThere is to much money exchanging hands in the Forex market to identify "smart money" as high volume spikes. Although I agree with your statements, I would encourage you to apply this strategy to stocks where there is central exchanges and volume is true and the playing field is level.
With central banks and large institutions balancing books and entering the market for purchases and currency exchanges, you will confuse high "volume" areas on a chart to supply and demand zones that are incorrect.
I would bet my account that if Wyckoff...Ignored
Disliked1 Hour Chart of AUDUSD on 21st Aug 2012
To me, I'm not really concerned with the "true volume" like in stocks. I'm only interested in the amount of activity that's there. Correct me if i'm wrong, in Forex, because most if not all brokers out there(especially those with MT4), there are liquidity providers behind them, and the value of Volume for each broker will be different depending on the number of Liquidity providers and clients they...Ignored
Dislikedi play sports. and all i see here is alot of shit talking. i call things as it is.
if you've nothing to contribute but shit like Davit. you should take your shit elsewhere.
anyway. if anyone still wants to see some volume spread analysis here's 31st august EOD review. it was US GDP day but there were clues within the day's trading in AUDUSD of its direction.
DislikedHi Nico, have some question on the terms mentioned on the chart posted:
- what does SV implies?
- no supply refers to no Sellers?
- no demand refers to no Buyers?
- on live trading where exactly would be the trade entry?Ignored
Dislikedi look to enter after the nosupply/nodemand bar closes.
using the last swing low(usually the SV) area as the stop.
my stop loss is at least 30pips.
the idea behind all of this(at least for me) is finding the tipping point in the supply and demand seesaw.
the point where smart money has tested that there is no one left to get in their way.
that's my flow.Ignored