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  • #521
  • May 17, 2017 5:38pm May 17, 2017 5:38pm
Are eu gonna reverse soon?
  • #522
  • May 17, 2017 10:54pm May 17, 2017 10:54pm
Quoting Pip-Miner
{quote} Where do we get the real volume . What about fdax , futures volume .This has raised my interest in volume even more.
"Real Volume" or futures volume through exchanges isn't as reliable as Tick volume. Through regulated markets such as futures, large purchases can be delayed in reporting to the exchange due to it can give away when when a large trading firm takes a huge position. If other firms realize a large position has been taken they can try to swamp the market and turn the market against the first firm who took the large position and try to squeeze them out of their position and cause a large loss. The most notorious is the FTSE (London stock exchange) volume can be delayed in being reported up to 36 hours.

People love to believe that professionals/big boys/large trade institutions are out to get retail. Truth is they don't care about our micro/mini lots. They already know that the majority of use don't have a clue and will eventually destroy ourselves. But this is besides the point.

You can't delay data on tick volume, when large orders are filled they are filled in blocks. While these blocks are being filled you have massive amounts of orders being filled on both sides which is going to make price tick very rapidly. This is all you need to know, it doesn't matter that its completely accurate, what matters is you know when and where the large positions are being filled and how the market reacts to to the large positions.
  • #523
  • May 17, 2017 11:04pm May 17, 2017 11:04pm
Quoting ellenbrook
{quote} hi sorry for my English i was asking some chart of yours the candles are in different colors ?i maybe they are from the SONY system thanks
Yes I use volume candles as used in sonic and PVSRA
Indentify > Plan > Accept > Execute
  • #524
  • May 17, 2017 11:07pm May 17, 2017 11:07pm
Quoting Devnon
{quote} "Real Volume" or futures volume through exchanges isn't as reliable as Tick volume. Through regulated markets such as futures, large purchases can be delayed in reporting to the exchange due to it can give away when when a large trading firm takes a huge position. If other firms realize a large position has been taken they can try to swamp the market and turn the market against the first firm who took the large position and try to squeeze them out of their position and cause a large loss. The most notorious is the FTSE (London stock exchange)...
Interesting post
Indentify > Plan > Accept > Execute
  • #525
  • May 17, 2017 11:11pm May 17, 2017 11:11pm
Quoting Kuzact
Are eu gonna reverse soon?
Every day when you first open your trading platform. The first thing you should look at is the Daily time frame as an intraday trader. Daily still should be looked at even if you're trading a M1.

The Daily chart is so important, you should have an idea what is going on the Daily otherwise you might as well be trading with a blind fold.

First thing is what has price done the last few days?

Look at the black square, the last few days each bar is making a HH and HL? Don't go short in this market.

Now take a look at the orange square, the PA is really messy, there aren't any HHs/HLs or LHs/LLs. When the price is like this you can take long/short positions during a single day. Just don't expect to get 100+ pips out of trades here.

Second thing to look at on daily chart is what is to the left.

In the black circle where we are at currently we have a small consolidation area, we expect to find a bit of hesitation at this price level, but also price could push through this level. This area its too soon to look for shorts, but also you don't want to be looking for any long term longs here either. I would probably favor scalping to the long side. The only way I would short here is after seeing repeated signs of weakness.

In the orange circle we have a much larger consolidation area, this is where I would be looking to get rid of most if not all of any long term buy orders. And start looking for weakness.
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  • #526
  • May 17, 2017 11:36pm May 17, 2017 11:36pm
Quoting Kuzact
Are eu gonna reverse soon?
Well that's the million dollar question on everyone's lips!
Indentify > Plan > Accept > Execute
  • #527
  • May 18, 2017 12:47am May 18, 2017 12:47am
Quoting Devnon
{quote} "Real Volume" or futures volume through exchanges isn't as reliable as Tick volume..........
Very good post could not sum it up better!

Quoting wizlon32
{quote} Well that's the million dollar question on everyone's lips!
I did alright on the way up - using volume and price action as my guide:

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  • #528
  • May 18, 2017 1:16am May 18, 2017 1:16am
Quoting Pent56
{quote} Very good post could not sum it up better! {quote} I did alright on the way up - using volume and price action as my guide: {image}
Exceptional Trading Pent56!
Indentify > Plan > Accept > Execute
  • #529
  • May 18, 2017 1:16am May 18, 2017 1:16am
Quoting Devnon
{quote} Every day when you first open your trading platform. The first thing you should look at is the Daily time frame as an intraday trader. Daily still should be looked at even if you're trading a M1. The Daily chart is so important, you should have an idea what is going on the Daily otherwise you might as well be trading with a blind fold. First thing is what has price done the last few days? Look at the black square, the last few days each bar is making a HH and HL? Don't go short in this market. Now take a look at the orange square, the PA...
Nice post Devnon. Keep it coming please!
Indentify > Plan > Accept > Execute
  • #530
  • May 18, 2017 1:41am May 18, 2017 1:41am
This is just a small position, I'm just testing the water so to speak.

Daily is bullish, we have buying that came in on this M5 chart and to the left we see the buying came in at a consolidation area.

I'm really looking for the area of the orange square to be broken. Once this is broken I can look to add a large position. Once I enter a large position I can lock some profit on my smaller position to help ease things if my larger position fails. Also the small position is some money on the table if price is marked up rapidly and I don't get a chance to enter my larger position.
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  • #531
  • May 18, 2017 2:18am May 18, 2017 2:18am
Quoting Devnon
This is just a small position, I'm just testing the water so to speak. Daily is bullish, we have buying that came in on this M5 chart and to the left we see the buying came in at a consolidation area. I'm really looking for the area of the orange square to be broken. Once this is broken I can look to add a large position. Once I enter a large position I can lock some profit on my smaller position to help ease things if my larger position fails. Also the small position is some money on the table if price is marked up rapidly and I don't get a chance...
It got me.. Market couldn't break the high it seems.
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  • #532
  • May 18, 2017 2:40am May 18, 2017 2:40am
Taken a Gold short trade on.

H4 dominant, H1 trigger

Looking for 1:3 RR. Will manage if and when as required.

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  • #533
  • May 18, 2017 2:59am May 18, 2017 2:59am
Trying to work with Volume as an odds enhancer in my own trading. Funny to see the difference in using volume .
This is how i use it: At certain pricepoints i expect market to move fast. It is always for a reason. Or market wants to take out stops above or below recent high/lows, or the market has interest in bying/selling at certain pricepoints.
At the EURUSD example; i had marked out a M30 orderblock (M30 OB) and there was a quick pricedrop with a high volume. It tells me that there is buying going on, so i entered a long. (got out a bit late)
A bit later price reacted to 1.1145 again and dropped, leaving a footprint with a M5 OB. Prive reversed (to the middle) with a big volume bullish candle. That was a sell signal (to me). I could have held longer, but we are still in a M30 OB and the reaction of the recent low.
Still learning, but looks promissing.

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  • #534
  • May 18, 2017 3:25am May 18, 2017 3:25am
Hi,
first time post here, hoping I'm right

A classic "take a break and refill long orders", didn't take the trade, thinking the big picture was bear

By the way, the TDI curve confused me!

Update: I took a quick short after written the post

Wiserltz
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Be a spectator, not a player
  • #535
  • May 18, 2017 3:28am May 18, 2017 3:28am
Quoting Funk65
Trying to work with Volume as an odds enhancer in my own trading. Funny to see the difference in using volume . This is how i use it: At certain pricepoints i expect market to move fast. It is always for a reason. Or market wants to take out stops above or below recent high/lows, or the market has interest in bying/selling at certain pricepoints. At the EURUSD example; i had marked out a M30 orderblock (M30 OB) and there was a quick pricedrop with a high volume. It tells me that there is buying going on, so i entered a long. (got out a...
I'm no volume specialist that's for sure, but can only see value using volume on very small t/fs....ie quick in and out scalping type of strategy where entry and exit are obviously that much more critical. Therefore, certainly with my style of trading where longer t/fs are used, it then becomes unnecessary for me to be concerned with volume because price action (in the main) guides my decision making.
  • #536
  • May 18, 2017 3:40am May 18, 2017 3:40am
Quoting wiserltz
Hi, first time post here, hoping I'm right A classic "take a break and refill long orders", didn't take the trade, thinking the big picture was bear By the way, the TDI curve confused me! Update: I took a quick short after written the post Wiserltz {image} {image}
Seems scalpers are coming in the right place ! Welcome even i just joined this thread
There is no way to happiness , happiness is the way.
  • #537
  • May 18, 2017 4:03am May 18, 2017 4:03am
Quoting Ockham
{quote} Seems scalpers are coming in the right place ! Welcome even i just joined this thread
Thanks you and other people running the thread

Another short, hit my TP
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Be a spectator, not a player
  • #538
  • May 18, 2017 6:33am May 18, 2017 6:33am
Quoting Devnon
{quote} It got me.. Market couldn't break the high it seems. {image}
Can't win them all, at least you recognized your trade was invalidated and got out before it could bite you in the butt
  • #539
  • May 18, 2017 8:16am May 18, 2017 8:16am
GJ short
While writing this post, take another one
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Be a spectator, not a player
  • #540
  • May 19, 2017 1:40am May 19, 2017 1:40am
EU this morning!

How many wins with just the 3 RSI below 30 or 20 going with the trend?

All worked out?

Now, we can use Volume as a filter... Just some Ideas for you all to play with

14 RSI gives even better signals but not many, GL
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