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Volume Price Level Trading

  • #521
  • Mar 6, 2013 3:30am Mar 6, 2013 3:30am
Quoting Waez
Hi, maybe a bit early?

Waez

http://i46.tinypic.com/fofamo.gif
I got stopped but look for another buy soon

Waez
  • #522
  • Mar 6, 2013 3:46am Mar 6, 2013 3:46am
And again,

Regards

Waez

http://i47.tinypic.com/28mcqau.gif
  • #523
  • Mar 6, 2013 4:07am Mar 6, 2013 4:07am
Quoting Waez
And again,

Regards

Waez

http://i47.tinypic.com/28mcqau.gif
Second loss for the day, thatīll teach me not go against the trend to early.

Regards

Waez
  • #524
  • Mar 6, 2013 7:15pm Mar 6, 2013 7:15pm
Quoting Waez
thatīll teach me not go against the trend to early

Hi Waez,

Spud wrote about "we should never trade LONG when the MACD below 0".

I think MACD can help.
Pursue the best and share to others!
  • #525
  • Mar 6, 2013 10:09pm Mar 6, 2013 10:09pm

Quoting TraderinSD
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.....
  • #526
  • Mar 7, 2013 3:19am Mar 7, 2013 3:19am
Quoting kawangkoan
Hi Waez,

Spud wrote about "we should never trade LONG when the MACD below 0".

I think MACD can help.
Youīre right - I was triggerhappy yesterday and two times tried to go against the trend but way to early. I took a third trade later with the trend and got a few pips back.

Thanks

Waez
  • #527
  • Mar 8, 2013 2:50am Mar 8, 2013 2:50am
Hi, I took this trade yesterday afternoon GMT when it was quiet.

1 and 2 gives PL1.3110 and hints at no interest in higher prices.
3 and 4 confirms no interset in higher prices
5 and 6 gives PL 1,3085 and hints at no interest in lower prices
6,7,8,9 and 10 ricing prices with falling volume makes a sell entry on 11 viable and itīs a winner.

http://i50.tinypic.com/z1u9e.gif

Regards

Waez
  • #528
  • Mar 9, 2013 8:39pm Mar 9, 2013 8:39pm
Quoting Waez
Hi, I took this trade yesterday afternoon GMT when it was quiet.

1 and 2 gives PL1.3110 and hints at no interest in higher prices.
3 and 4 confirms no interset in higher prices
5 and 6 gives PL 1,3085 and hints at no interest in lower prices
6,7,8,9 and 10 ricing prices with falling volume makes a sell entry on 11 viable and itīs a winner.

http://i50.tinypic.com/z1u9e.gif

Regards

Waez
Nice!

I've had a break from trading for a while but I'll be back in.

What is your average profit per trade with VPLT? I've noticed mine is quite low, usually only getting less than 10 pips.

Spud, do you have other PA methods to take advantage of the big moves that VPLT sometimes misses.

Cheers
  • #529
  • Mar 10, 2013 3:57am Mar 10, 2013 3:57am
Quoting dkoleary
Nice!

I've had a break from trading for a while but I'll be back in.

What is your average profit per trade with VPLT? I've noticed mine is quite low, usually only getting less than 10 pips.

Spud, do you have other PA methods to take advantage of the big moves that VPLT sometimes misses.

Cheers
Hi dkoleary, Iīm still on demo while getting a better knowledge about this approach. Some setups are quite straigthforward like my last post and also the pullbacktrades when the market is clearly trending. I would like to be able to analyze better when the market is clearly ranging and waiting for a trigger, see attached pics. The candles are sitting on the PL like birds on a wire but at what direction will they fly?


http://i49.tinypic.com/2n2l54.gif
http://i45.tinypic.com/23r7j3t.gif
http://i45.tinypic.com/23r7j3t.jpg
  • #530
  • Mar 10, 2013 5:44am Mar 10, 2013 5:44am
Quoting Waez
Hi dkoleary, Iīm still on demo while getting a better knowledge about this approach. Some setups are quite straigthforward like my last post and also the pullbacktrades when the market is clearly trending. I would like to be able to analyze better when the market is clearly ranging and waiting for a trigger, see attached pics. The candles are sitting on the PL like birds on a wire but at what direction will they fly?
Yeah it's hard to pick the exact timing and also hard to see whether the volume has peaked and is going to pull back or its going to keep going down..
  • #531
  • Mar 10, 2013 10:00am Mar 10, 2013 10:00am
Quoting Waez
......The candles are sitting on the PL like birds on a wire but at what direction will they fly?.....
Hahaha....good illustration!
Pursue the best and share to others!
  • #532
  • Mar 12, 2013 5:25pm Mar 12, 2013 5:25pm
Quoting dkoleary
Nice!

I've had a break from trading for a while but I'll be back in.

What is your average profit per trade with VPLT? I've noticed mine is quite low, usually only getting less than 10 pips.

Spud, do you have other PA methods to take advantage of the big moves that VPLT sometimes misses.

Cheers
I`ve been thinking about the same and getting a bit annoyed that I often would miss the big moves due to poor pricevolume reading skills. The below is probably well known to the most of you but dawned on me today: Thereīs is no need to be worried about missing the start of a big move on high volume since the momentum will drive the price further and in most cases bring in 10+ pips. These trades seems to have very little drawdowns aswell so a SL of 10 pips is enough. Look att the pics below, when the price breaks away +15-20 pips on high volume its quite safe to enter at the start of the new candle. I did it today as you can see for 25 pips and itīs was a big relief to let go of the tension involved trying to find the exactly best entrypoint. If not being sure itīs better to wait for clear confirmation and then get in for a good prtion of the move, or a very small loss.
Today the price tried to break away long from the tradingrange through the well established trendchannel just to come back in again so a short entry was prefered.

Regards

Waez

http://i45.tinypic.com/vzhh87.gif

http://i45.tinypic.com/16kdrp1.gif

http://i47.tinypic.com/2z7pt34.gif

http://i48.tinypic.com/1yoe8.gif
  • #533
  • Mar 17, 2013 1:38pm Mar 17, 2013 1:38pm
You probably have noticed that VPLT will pick off the peaks at the "tops" and "bottoms" of price movement. That's probably a discussion for a different thread, but it can be used to enter and exit these with some sound money management. The trick of course is being able to find the entry where you don't need large stops.

I prefer to look for consistency and grabbing 20 pips a day that I can bank on. You simply make more money versus pips this way.

If you can consistently earn 10 pips..i.e. let's say every day you can earn 10 pips...then just increase the value of your pips...that's way easier than trying to land 50 pip trades. 5 pips at $10 each or 50 pips at $1 each...which do you think will make you more money in a month?



Quoting dkoleary
Nice!

I've had a break from trading for a while but I'll be back in.

What is your average profit per trade with VPLT? I've noticed mine is quite low, usually only getting less than 10 pips.

Spud, do you have other PA methods to take advantage of the big moves that VPLT sometimes misses.

Cheers
  • #534
  • Mar 18, 2013 5:12pm Mar 18, 2013 5:12pm
Spud, your transition trading sounded very nice but it's not quite right. If I overlay OBV on Volume, I get huge discrepancies when scrolling the chart, the same applies when new bars come in. At first the OBV sits on ~40% of the vol bar, after the second bar it is up, sits on 55%, and after a third it's above 75% of the vol bar. At the third bar I realize there should have been a trade, but there's a saying that hindsight is an exact science...

It seems you knocked up OBV on Volume in a very short space of time and not thoroughly testing it through. Mind you, I'm not blaming you, you tried to make VPLT reading better and easier for people like me. Is there any chance to have a revisit and make it more accurate?
  • #535
  • Mar 19, 2013 11:40am Mar 19, 2013 11:40am
still on transition trading just entered this trade.i would like to second candero.Spud please revisit the topic.
Attached Image
  • #536
  • Mar 19, 2013 8:18pm Mar 19, 2013 8:18pm
HI Spudfyre very gooog thread!!!

question it is goo price level on 30min??

best luck
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets as1.png Size: 66 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #537
  • Mar 19, 2013 8:26pm Mar 19, 2013 8:26pm
this long i took early befor i start read Your tread...but i'm I didnt read about taking trade yet...
The market was bullish, turned bearish, and you'are brokish!!!
  • #538
  • Mar 20, 2013 2:56pm Mar 20, 2013 2:56pm
I think the price level i now 1.2945. What U tink guys??
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm302.png Size: 42 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #539
  • Mar 21, 2013 3:10pm Mar 21, 2013 3:10pm
I think the price level i now 1.2945. What U tink guys??

Hi FXThug, imho i agree with you the price level would be at 1.2945(i get this from the determinator candle ie from the second volume peak from the right) .if your read ahead at post #322 spudfyre give's a clearer description on how to get pricelevels
  • #540
  • Apr 12, 2013 12:15pm Apr 12, 2013 12:15pm
How's VPLT trading going, guys?

Obviously Spud is gone, so time to take matters into our own hands.

I was thinking about the drawback of putting OBV on Volume - it repaints and is not reliable. How to make it reliable? Well, what if we turn OBV into stochastic oscillator? It would look like this: define a period, find the low point and the high point of OBV and then compare current reading with the low and high points. It would not repaint and give readings from 0-100. Drawback would be if it stays on 100 or 0 for a prolonged time.

Any comments?
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