Please explain Volume Number

[Zodiac4u]

NO No No.... I have to use a volume criteria, otherwise I will way over trade.... so I only hit go if the volume for 2 bars in a row is over the 6 bar average.... I have to have rules like this to protect myself

You are correct in thinking that volume is important, but its also reflected in the time period.

 

[Jdesey]

I am already out of the trade with a 3 point profit... all of my trades have a stop and an exit automatically in the system when I enter a trade....

as for am I serious.... yes very... I have found what works for me, we all have our opinions and beliefs. by having a volume rule it keeps me out of alot of trades that at least 2/3rds would have stopped me out

 

[Zodiac4u]

I do not think so, which is why I do not use it except for volume by price profile.

There are better ways to see a potential reversal developing!

There are plenty other options but it does help, though I wouldn't miss the trade if the volume wasn't there.

 

[MrScalper]

No problem!

 

[MrScalper]

There are plenty other options but it does help, though I wouldn't miss the trade if the volume wasn't there.

There are as many options as traders..but very few of them are of any real value!

The few that do matter relate to other markets!