DislikedI like your post , and appreciate all "very kind and patient explanations". I became a loyal reader of this thread and I am very happy to learn from all You guys here- Thank You. I believe will improve my trading a lot here. I would like to ask about your volume indic, is it some special one or standard Mt4 ? could you share it please? I had a luck to take last move up and now trying S will see .. any advise/ critics I will love to here as they will help me to improve. have a good trading {image}Ignored
Basic MT4 Volume indi.. 5 SMA is added/overlayed. Basically I look at the 5SMA and ask myself.. Am I above or below..If I am above I have better than avarage volume.. If I am below I have less than average volume... I look at it within the context over several periods..ExtremeVolume...HighVolume... LowVolume.. What is price doing in relation to volume... WideSpread candles with Wide Spread of the open and close and H-L... Low Spread H-L would be examples...
May I suggest... If you are just starting out or are reasonably new to the S/D method... Please learn the basics as KL teaches.. This will take you along way to being consistant ..Once you achieve this then, maybe, volume may enhance your ability to better manage your trades.
One step at a time....I will always be happy to answer yours or anyone elses questions...Just having that solid understanding of KL's S/D method before adding other options will give you a real edge!!!
hopes this helps
TSD
TSD