Thread: Hey...what about Volume?

Hello All,

Market just opened here and I am putting some finishing touches on the new indi to help me in making trading decisions. I caught this that I believed we all might watch.

You can see here that the selling side as pretty much exhausted itself and though the past several days of advertisements were powerful volume delta, sellers couldn't place a new low. As well, past friday, buyers came with climax quantity and pushed price out of the hole . I'd entered two positions last week on the climax candle (indied in green) using VSA analysis, and I needed to live with the retest on Thursday and Friday.

On a note of interest as well, the gap in Delta Volume (compared to VSA) you can see that though the candle posted as a climax volume with a wide range (as per the VSA rules), the buying quantity within the candle was not too powerful. It did show a very important thing. . .absorption. To me personally this absorption means the buyers are absorbing powerful selling quantity. This is usually an indiion the traders are either taking profits or buying the market in quantities to absorb all that selling. The moment the overdue sellers offer up (ie stop out), there can possibly be a whoosh greater to retest the high.

Hello Friends.. .its been awhile since I've managed to post and that I truly appreciate everyone who has stepped up to fill in the gap. I try to keep in touch with my mobile. Now's price reaction has shown once more that sitting on your hands is sometimes the best thing that you can do when trading. Let me show you EUR/USD - short:

You can recall that I entered this brief 4 weeks ago, and have been holding it since. It appears like it is just beginning to (FINALLY) pay off. My patience was tested by this trade. But using multiple time frames helped. Seeing that buying had completely exhausted on the weekly chart let me hold this trade through a nearly 100% retrace to retest my entrance degree. I have locked in a small 100 pips on the aggregate position which is currently positive about 240 pips.

Lessons here are these:Multiple time frames helps with hold and continuation in addition to management Note the buying fatigue on the weekly chart accompanied by a huge spike in selling Afterwards note that the anemic buying on the retest of the highs (weekly chart) Finally the on the daily chart any buying which happens is weak with powerful selling follow though. We will have to determine if vendors can push price through the most recent daily low.

Hi,

Just thought I would give you all a heads up on a transaction I've just entered. . .GBP/USD - Extended

I would expect by now this might seem self explanatory. . .so to attempt to generate some attention I can leave the screen shot for this and take questions.

I've entered on position with two more pending for a retest that I guess may occur Monday early Asian session.

So tell me. . .do you find the three phases of bearish exhaustion on these charts?

Hello Friends.. .just a fast note to followup in my EUR/USD brief...I had been stopped out with roughly 100 pips on the aggregate on this latest reversal. Disappointing but profitable.

Hello Friends.. .well I guess no one had some queries, none what so ever. So I shall give an update on the current status of my GBP/USD long:

Price reaction has moved in my favor and this place is positive 90 pips. There remains very substantial levels to be breached nevertheless, and now's volume is muted (so far). I haven't yet mastered the possibility that price may come back and retest this latest low. I've left the pending orders in place and will re evaluate mid-week.

Originally Posted by ;

.. .can only input a transaction short if: 1) Price is above the Pivot when the following day starts. 2) Price has not yet touched the Pivot. According to op rule. . Weekly... price over the weekly pivot and never touch yet. EURUSD - M30 TF

I am interested...I see you used several different indiors for your trading. Can quantity play a role? It would appear you made a very wonderful scalp on this pair. . .congratulations. Did any of this commentary in this thread assist you in deciding?

Originally Posted by ;

Hello Friends.. .well I guess nobody had any questions what so ever. I shall offer an update on the current standing of my GBP/USD long: picture Price reaction has transferred in my favor and this position is optimistic 90 pips. There remains very substantial levels to be deciphered nevertheless, and now's volume is muted (so far). I have not yet ruled out the possibility that price may come back and retest this latest low. I have left the pending orders set up and will re evaluate mid-week.

You're trading big time period mainly trader like small chart trading un can discuss 15min 5min trading egy discuss . .

Volume is best trading fashion

regards

Originally Posted by ;

you're trading large time period mostly trader like small chart trading u might discuss 15min 5min trading egy discuss . . Volume is best trading fashion regards scalper16

As I have explained several times on this thread, I trade very little time frames on futures markets NOT on the FX markets. My FX positions are too little to have access to some level 2 brokerage, and frankly I believe scalping the FX market on anything much bigger than a 4-8 hr chart is a losers game since the whole market is NOT transparent. It's involving banks, rather than centralized. This brings me to my next point. The volume data in the FX market (again I have stated this ad nauseam here) is TICK volume rather than true volume. This brings a decided drawback to scalpers utilizing this information to trade with, especially during the gap times.

I trade large time frames because:The total tick volume for an whole day can be successfully invisibly into a reliable delta (that I've done here) and then used on weekly, daily and monthly charts to develop positions that last between 1-2 weeks and render countless pips (not 10-30) I use FX trading as a means to generate a superior return on a savings account apart in my own daily futures trading that generates my daily/weekly income. Therefore I just need check the place and graphics one or twice each day, since I have time and this allows me to have a life beyond my office. I have not put forth any trading egy or strategy with this thread and would not attempt to convince you my egy would work for you. The whole point of this thread (which will become apparent if you read ALL of it) would be to explore the idea of using tick volume to your advantage as an adjunct to what egy you use.

AgainI encourage you to read the whole thread in its entirety to comprehend the purpose and development of this idea.

Originally Posted by ;

quote I am curious...I see you utilized many different indiors to your trading. Does quantity play a role? It would seem you made an extremely nice scalp on this pair. . .congratulations. Did any of the comment in this thread assist you?

OMG! My fault... too tired that time. wrong thread. I had been reading your article and following that I had been reading the other person. I have interested about your view on volumes. Sorry about that. YEs I used (tick) quantity too (weekly average quantity pub - past three bars). Then use 1 minute bar average of past few pubs (70% of it, multiply by 2). Now, it's 3AM I hope I'm on a correct thread. .

I am still on method of comprehending your quantity concept, and see how it goes.

Again sorry... about posting this on a wrong thread. I simply deleted it.

Originally Posted by ;

... YEs I did used (tick) volume too (weekly average volume pub - last three bars). Then use 1 minute pub average of last few bars (70% of itmultiply by 2). ...

I would be interested to learn more about this concept... I am sure there are lots of scalpers here that might be curious as well.

As far aswrong thread... No worries all thoughts in keeping with this theme (of the way to best utiliza volumen) are welcome.