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Volume Price Level Trading

  • #501
  • Feb 28, 2013 5:13am Feb 28, 2013 5:13am
Quoting Waez
Slowly getting there, winning trade +15pips
Waez
Can I just say that my volume peaks are different to yours.. although overall volume is similar.. the peaks are slightly different.

My broker is Pepperstone btw..
  • #502
  • Feb 28, 2013 5:21am Feb 28, 2013 5:21am
Quoting dkoleary
Can I just say that my volume peaks are different to yours.. although overall volume is similar.. the peaks are slightly different.

My broker is Pepperstone btw..
Hi dkoleary, Iīve noticed small differences between brokers. Iīm with FXOpen.

Cheers

Waez

And maybe thereīs a similar setuo now on EU, lets see.
  • #503
  • Feb 28, 2013 6:35am Feb 28, 2013 6:35am
Price cycle vs MACD

Hi Spud and all participants,
I would like to know your comment on how to make decision when we meet a price cycle criteria which have different direction with MACD. Please take a look on my attachment.

Eagerly waiting your advice.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: price cycle vs macd..gif Size: 25 KB
Pursue the best and share to others!
  • #504
  • Mar 1, 2013 2:57am Mar 1, 2013 2:57am
Nice start of the day,

Candle 1 started up but got pushed down on high volume so I put a sell limit @1.3090, [email protected], [email protected].

http://i45.tinypic.com/2nthfup.gif

Cheers

Waez
  • #505
  • Mar 1, 2013 5:08am Mar 1, 2013 5:08am
Two trades i took today. 2 Mins ago...

Both shows the same criteria. Weak volume for upgoing price, lower interest in current price level. Both trades short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 133 KB
Click to Enlarge Name: nzdusd.jpg Size: 77 KB
  • #506
  • Mar 1, 2013 5:10am Mar 1, 2013 5:10am
Thereīs always the question on moving the SL and when to enter, at the close of the last candle or at a PL slightly above/below. Here I missed out a perfect setup.

At close of candle 2 I placed a sell limit @ PL1.3045. It got triggered on 3 and ones in profit 5-6 pip I moved the SL to BE+1 and got stopped out. Since the setup still looked very good I decided to reenter with a sell limit again @1.3045 although to late, a nice down move followed.

http://i45.tinypic.com/15z2lwj.gif

Cheers

Waez
  • #507
  • Mar 1, 2013 5:33am Mar 1, 2013 5:33am
Ones identifying a good setup itīs probably better to set and forget I think. Iīm more successfull doing so. From the last 9 trades 8 have been winners between 1 and 20 pips and 1 loser for 15 pips. Iīm enjoying it, thanks SPudfyre.

Cheers

Waez
  • #508
  • Mar 1, 2013 6:15am Mar 1, 2013 6:15am
http://i50.tinypic.com/2ufbos8.gif

Waez
  • #509
  • Mar 1, 2013 6:54am Mar 1, 2013 6:54am
Quoting Waez
Thereīs always the question on moving the SL and when to enter, at the close of the last candle or at a PL slightly above/below. Here I missed out a perfect setup.....

Hi Waez, I think Spud recommendation is to enter at the close of last candle. Should we would like to enter early, we should move to the shorter time frame (M5) to find supporting setting.

Btw, I read your posting, great trades!
Pursue the best and share to others!
  • #510
  • Mar 1, 2013 7:22am Mar 1, 2013 7:22am
Quoting kawangkoan
Hi Waez, I think Spud recommendation is to enter at the close of last candle. Should we would like to enter early, we should move to the shorter time frame (M5) to find supporting setting.

Btw, I read your posting, great trades!
Thanks kawangkoan, yes that will make sure not to miss a trade but it will also mean a bit more loss if the trade is going in the wrong direction. Then everything comes down to beeing more experienced and chosing the trades with great care. A lot more practice is needed for my part.

Cheers

Waez
  • #511
  • Mar 1, 2013 5:06pm Mar 1, 2013 5:06pm
Quoting Waez
Thanks kawangkoan, yes that will make sure not to miss a trade but it will also mean a bit more loss if the trade is going in the wrong direction. Then everything comes down to beeing more experienced and chosing the trades with great care. A lot more practice is needed for my part.

Cheers

Waez
Yeah I think the great thing about VPLT is that it gets you looking at the price/volume constantly so over time you become a much better ticker reader and develop a great intuition for price movements. :nerd:
  • #512
  • Mar 2, 2013 10:56am Mar 2, 2013 10:56am
Recommend trading at (or very near) close of candle. You will find that near close (M15) their can be some major price moves that bite you. However, if you are leaning short to trade to a price level, and price climbs in an open candle then pips can be made in an open candle. This is definitely more risk ridden and you should be in the "trade zone" of watching the market for a while before jumping in this way. Just be careful.

Quoting kawangkoan
Hi Waez, I think Spud recommendation is to enter at the close of last candle. Should we would like to enter early, we should move to the shorter time frame (M5) to find supporting setting.

Btw, I read your posting, great trades!
  • #513
  • Mar 3, 2013 7:15am Mar 3, 2013 7:15am
Nice Thread Spud!

Subscribed.

Thanks,

sjc
  • #514
  • Mar 3, 2013 9:32pm Mar 3, 2013 9:32pm
This is an open Sell trade just taken on GJ. Here is my thinking on this trade:

So in the first group of bars circled in red, price is moving down, volume peaks, and you see a little bull where volume drops.

After the little bull where volume drops I'm thinking this is a potential turning pattern, a bread and butter pattern.

However, the first bar in the second group circled in red, shows price moving back down to my level at 140.30, and volume drops.

So to verify the turn I would have needed another bull candle on higher volume, or a least a spike in volume as price moved down to hit my level.

A drop in volume on the bear candle I took to mean that buyers just aren't interest in coming here to move price back up. So I need another bear candle moving down on higher volume to verify this line of thought. So the next candle that's exactly what I got. Price moved down through 140.30 on higher volume and retraced a little at the end of the 15 min, which let me sell at 140.28. Aiming for 140.05, gives me a little better than 1 to 1.

So we'll see how it works out.
Attached Image (click to enlarge)
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  • #515
  • Mar 4, 2013 4:56pm Mar 4, 2013 4:56pm
Hi, I didnīt have time to trade today but looked at the charts afterwards. Although I could see three entries I probably would have taken 1,2 and 3 where no 3 is the best I think, the market never established itself above PL1.3015 and below 1.2985 during the whole LO and therefore a lot of opportunites would appear for the one abel to read the PL and Volume in that tradingrange.
Spudfyre, I would very much appreciate, and I hope Iīm not asking to much, if you would like to go through the attached chart and point out obvious candles/volumebars that to you reveals where the market will go and where itīs unlikely to go.

Regards

Waez

http://i47.tinypic.com/2gy3iiv.gif
  • #516
  • Mar 5, 2013 10:52am Mar 5, 2013 10:52am
Hello, Iīve just taken these trades,

Going short at 2 after that 1 showed no interest in higher PL. Exit at 3 with +8 pips. After 3 which closed on low volume I went long at 4, currently a couple of pips in front.

Cheers

Waez

http://i45.tinypic.com/2efuznp.gif
  • #517
  • Mar 5, 2013 12:32pm Mar 5, 2013 12:32pm
Hello,

On which flow you work ?

What you call volume are simply tick. You need to work on a centralized market for volumes coherent, the future FX market for example.


Did you know the FX spot market is otc ?
  • #518
  • Mar 5, 2013 4:36pm Mar 5, 2013 4:36pm
Quoting FrenchTrad
Hello,

On which flow you work ?

What you call volume are simply tick. You need to work on a centralized market for volumes coherent, the future FX market for example.


Did you know the FX spot market is otc ?

I would have to respecfully disagree..

If you look at the activity level within the context of PA vs. Tick Volume it paints a pretty clear picture.. IMHO.. There has been research you can find ... regarding the slight difference between Contract Volume vs Tick Volume.. The point is: I believe it's the activity level within the context of the preceeding volume that allows us to use Tick Volume in a unique way " it helps you see behind the price - so to speak " When I trade futures I tend to look at volume in the traditional way.. but on both sides it is a determination of acvtivity. Extremes, abrupt changes.. within the context .. add PA.. you have something unique IMHO.. Yes there could be alot more to this dicussion to be sure.

Just my 2 pips

TSD
  • #519
  • Mar 5, 2013 8:46pm Mar 5, 2013 8:46pm
I mentioned it earlier in the thread;

Those who scream "tick volume means nothing!" are those who have no idea how to utilize it.
  • #520
  • Mar 6, 2013 3:24am Mar 6, 2013 3:24am
Hi, maybe a bit early?

Waez

http://i46.tinypic.com/fofamo.gif
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