Completely unremarkable. Turning points not correlated. tick-count related to session overlap. So much edge!
How to read this VOLUME chart ?
- Thread starter etradeqeko
- Start date
Completely unremarkable. Turning points not correlated. tick-count related to session overlap. So much edge!
To you I suppose.
did you forget the 'c'?
Last edited:
volume in forex has definitely helped me make better trades and be more confident.
while it is possible to trade off price alone, getting information from another dimension of market, totally unrelated to price, is useful to say the least and indispensable at the most.
however that said the signals you receive may be totally contradictory to price and while this confuses some ,it is this which gives a heads up that what is happening is 'illusory'
there are times when volume does not say anything and at that time i go confidently with price action.
and the rarest is when volume confirms price.....
but because volume is extremely short term the longer term players do not find it useful....
indeed many longer term players find 5 min just confusing and useless [like they find volume] but everything has some use to someone so the argument that volume and 5 min price action is useless may be correct :if you are not a mechanic a screw driver is indeed useless.
this should put all this in the correct perspective rather than turn the thread into a battle field
Last edited:
Surely he can charge a fee for such services. After all, we are not Communists.
i have found that when volume does not give any clear signals price action is enough and when price action is not clear or chaotic [such as in ranging market or corrective market], volume gives fantastic signals.
so using both gives a fantastic perspective on the market and you make fantastic trading decisions in any sort of market trending or ranging or just plain volatile and chaotic
so using both gives a fantastic perspective on the market and you make fantastic trading decisions in any sort of market trending or ranging or just plain volatile and chaotic
who is he
while i am not saying that the software you are using is correct or not,your posting of historical charts showing the software in operation, is useless for anyone to decide the true value of the software; there are lot of software which corrects after the bar is over so seeing historical charts and evaluating a soft ware is unfortunately not very wise.
i get suspicious when anything is perfect and what is see in the chart is perfection:i need to see it live to get the right idea about it.