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Volume

The volume based approach that beats holding ETH with +940% Beating Ethereum's stellar +815% gains over a year is no easy feat. Add limiting drawdown to the task and it becomes even more complicated - especially vs USDT. However with longer term strategies like this it really becomes apparent how you should simply think about the best time to buy and sell, and try to express it though market metrics, rather than trying to plague your strategy with complexity. It's really startling this simple strategy returned 940% in one year on spot! WILL POST EVERY POSITION BELOW (including open/close time/SL level + how every position was closed) The strategy goals: - Beat holding Ethereum - so more than 815% profit - Simple to execute and stay disciplined on - Max drawdown of 30% - we don't want to be dipping as far as the market is The strategy: This strategy tries to strike a balance between catching solid dips and riding reversals based on volume. Volume precedes price. It does not have to be some extremely sophisticated trading system, especially when trading a trending asset as Ethereum. If market participants start buying rapidly, Ethereum will spike. If they start selling it will go down. The key is to use metrics that help you pin this, simple as that. So in our case on the 1 hour chart: 1. We will open a position when Crypto Total Volume is up by 4% in last day AND Price is below SMA(5) 2. We will close the position when Crypto Total Volume is down by 4% in last day AND Price is up by 3% in last 3 days We will set a stop loss at 20% of market price, no take profit. All the rules are followed 100% of the time. The result: This strategy accumulated +940% over a year on spot. So If you started with 10,000 USDT you'd be sitting on 94,000 USDT without touching leverage. It's also so simple to execute that you can set all these rules as alerts and just act when you need to or automate it. It's also great that although it's a lower time frame strategy it's still created only 63 positions. It wins 77.8% of them with a bit over 8%. When it loses it's at about 11% on average. Positions are usually opened and closed within 3 days. The drawdown amounts to about 25% over the year - a solid performance for crypto. It performed well even in the past 3 months bringing in +74.4%. The positions: 26/06/2021 00:00 28/06/2021 08:00 2 days OP 1,809 CP 2,049 SL 1,447.2 +13.3% 22/06/2021 13:00 24/06/2021 17:00 2 days OP 1,792.1 CP 2,011.4 SL 1,433.7 +12.2% 21/06/2021 00:00 22/06/2021 13:00 2 days OP 2,243.5 CP 1,794.8 SL 1,794.8 -20% Stop Loss 08/06/2021 00:00 16/06/2021 00:00 8 days OP 2,592 CP 2,543.6 SL 2,073.6 -1.87% 01/06/2021 02:00 07/06/2021 06:00 6 days OP 2,662.1 CP 2,786.1 SL 2,129.7 +4.66% 29/05/2021 00:00 31/05/2021 12:00 3 days OP 2,412.3 CP 2,551.8 SL 1,929.9 +5.78% 24/05/2021 05:00 26/05/2021 00:00 2 days OP 2,104.1 CP 2,705.1 SL 1,683.3 +28.6% 20/05/2021 00:00 23/05/2021 01:00 3 days OP 2,438.9 CP 2,362 SL 1,951.1 -3.15% 13/05/2021 00:00 19/05/2021 04:00 6 days OP 3,810.2 CP 3,048.1 SL 3,048.1 -20% Stop Loss 10/05/2021 10:00 12/05/2021 00:00 2 days OP 4,104.8 CP 4,173.5 SL 3,283.8 +1.67% 04/05/2021 01:00 08/05/2021 00:00 4 days OP 3,260.7 CP 3,479.8 SL 2,608.6 +6.72% 01/05/2021 09:00 02/05/2021 00:00 15 hours OP 2,830.1 CP 2,944.8 SL 2,264 +4.06% 29/04/2021 01:00 30/04/2021 00:00 23 hours OP 2,724.9 CP 2,757 SL 2,179.9 +1.18% 27/04/2021 04:00 28/04/2021 00:00 20 hours OP 2,493.2 CP 2,666.1 SL 1,994.5 +6.94% 23/04/2021 00:00 26/04/2021 04:00 3 days OP 2,397.9 CP 2,454.9 SL 1,918.4 +2.38% 17/04/2021 00:00 22/04/2021 00:00 5 days OP 2,422.4 CP 2,357.1 SL 1,937.9 -2.7% 13/04/2021 00:00 16/04/2021 00:00 3 days OP 2,137.9 CP 2,514 SL 1,710.3 +17.6% 11/04/2021 05:00 12/04/2021 00:00 19 hours OP 2,130.4 CP 2,151.4 SL 1,704.3 +0.987% 06/04/2021 00:00 10/04/2021 05:00 4 days OP 2,107.4 CP 2,191.2 SL 1,685.9 +3.97% 01/04/2021 04:00 05/04/2021 00:00 4 days OP 1,923 CP 2,075.7 SL 1,538.4 +7.94% 24/03/2021 00:00 28/03/2021 00:00 4 days OP 1,668.2 CP 1,712.5 SL 1,334.6 +2.66% 16/03/2021 01:00 20/03/2021 03:00 4 days OP 1,731.3 CP 1,828.4 S 1,385 +5.61% 08/03/2021 04:00 15/03/2021 01:00 7 days OP 1,723.7 CP 1,871.6 SL 1,379 +8.58% 04/03/2021 00:00 06/03/2021 22:00 3 days OP 1,567.7 CP 1,642.9 SL 1,254.1 +4.8% 23/02/2021 10:00 02/03/2021 00:00 7 days OP 1,500.5 CP 1,570 SL 1,200.4 +4.63% 16/02/2021 00:00 23/02/2021 10:00 7 days OP 1,779.3 CP 1,423.5 SL 1,423.5 -20% Stop Loss 08/02/2021 01:00 12/02/2021 00:00 4 days OP 1,596.5 CP 1,785.8 SL 1,277.2 +11.9% 05/02/2021 00:00 06/02/2021 00:00 1 day OP 1,595.5 CP 1,719 SL 1,276.4 +7.74% 28/01/2021 00:00 31/01/2021 00:00 3 days OP 1,238.9 CP 1,378 SL 991.14 +11.2% 21/01/2021 23:00 24/01/2021 09:00 2 days OP 1,135.6 CP 1,325 SL 908.46 +16.7% 20/01/2021 00:00 21/01/2021 23:00 2 days OP 1,365.4 CP 1,092.3 SL 1,092.3 -20% Stop Loss 16/01/2021 03:00 18/01/2021 15:00 3 days OP 1,163.5 CP 1,237 SL 930.82 +6.32% 11/01/2021 15:00 14/01/2021 07:00 3 days OP 1,038.5 CP 1,121.2 SL 830.82 +7.96% 11/01/2021 00:00 11/01/2021 15:00 15 hours OP 1,254.2 CP 1,003.4 SL 1,003.4 -20% Stop Loss 08/01/2021 00:00 10/01/2021 00:00 2 days OP 1,224.9 CP 1,276 SL 979.89 +4.18% 03/01/2021 04:00 05/01/2021 00:00 2 days OP 772.44 CP 1,041.4 SL 617.95 +34.8% 23/12/2020 02:00 31/12/2020 00:00 8 days OP 627.26 CP 752.17 SL 501.81 +19.9% 16/12/2020 00:00 19/12/2020 00:00 3 days OP 588.78 CP 653.76 SL 471.02 +11% 09/12/2020 00:00 13/12/2020 10:00 4 days OP 554.92 CP 583.47 SL 443.94 +5.14% 05/12/2020 00:00 08/12/2020 00:00 3 days OP 567.24 CP 591.27 SL 453.79 +4.24% 01/12/2020 01:00 03/12/2020 00:00 2 days OP 605.57 CP 596.88 SL 484.46 -1.44% 27/11/2020 03:00 29/11/2020 08:00 2 days OP 517.12 CP 541.33 SL 413.7 +4.68% 21/11/2020 03:00 26/11/2020 01:00 5 days OP 508.15 CP 575.39 SL 406.52 +13.2% 12/11/2020 00:00 20/11/2020 02:00 8 days OP 463.09 CP 479.4 SL 370.47 +3.52% 10/11/2020 00:00 11/11/2020 00:00 1 day OP 444.32 CP 450.34 SL 355.46 +1.35% 05/11/2020 01:00 09/11/2020 00:00 4 days OP 401.57 CP 454.29 SL 321.26 +13.1% 03/11/2020 00:00 04/11/2020 17:00 2 days OP 383.01 CP 401.2 SL 306.41 +4.75% 27/10/2020 03:00 01/11/2020 23:00 6 days OP 392.34 CP 395.3 SL 313.87 +0.754% 20/10/2020 01:00 23/10/2020 00:00 3 days OP 378.74 CP 413.94 SL 302.99 +9.29% 13/10/2020 00:00 14/10/2020 01:00 1 day OP 386.51 CP 384.53 SL 309.21 -0.512% 06/10/2020 01:00 12/10/2020 00:00 6 days OP 352.38 CP 374.17 SL 281.9 +6.18% 02/10/2020 01:00 05/10/2020 09:00 3 days OP 351.06 CP 350.22 SL 280.85 -0.239% 22/09/2020 00:00 26/09/2020 05:00 4 days OP 340.31 CP 351.98 SL 272.25 +3.43% 14/09/2020 01:00 19/09/2020 00:00 5 days OP 358.05 CP 384.4 SL 286.44 +7.36% 11/09/2020 02:00 12/09/2020 00:00 22 hours OP 365.53 CP 373.62 SL 292.42 +2.21% 18/08/2020 00:00 24/08/2020 22:00 7 days OP 430.89 CP 406.74 SL 344.71 -5.6% 14/08/2020 03:00 15/08/2020 00:00 21 hours OP 422.13 CP 438.12 SL 337.7 +3.79% 08/08/2020 04:00 13/08/2020 21:00 6 days OP 378.01 CP 409.8 SL 302.41 +8.41% 02/08/2020 05:00 04/08/2020 00:00 2 days OP 372.37 CP 385.91 SL 297.9 +3.64% 28/07/2020 00:00 29/07/2020 00:00 1 day OP 321.95 CP 316.77 SL 257.56 -1.61% 24/07/2020 01:00 27/07/2020 00:00 3 days OP 273.92 CP 311.02 SL 219.14 +13.5% 02/07/2020 00:00 23/07/2020 00:00 21 days OP 230.99 CP 263.75 SL 184.79 +14.2% 30/06/2020 01:00 01/07/2020 00:00 23 hours OP 227.62 CP 225.59 SL 182.1 -0.892%
Education
by CleoFinance
1
Volume Profiles on TradingViewIf you are new to @TradingView Or a new trader, there is a pretty useful feature called volume profiles - available with paid membership of Tradingview. This is a quick introduction to and not a full lesson on how to use, strategies or techniques (will post one if there is interest for that). TradingView's own definition of Volume profile Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels. The study (accounting for user defined parameters such as number of rows and time period) plots a histogram on the chart meant to reveal dominant and/or significant price levels based on volume. Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader. Source - www.tradingview.com Types of volume profiles available First there is session volume As it says on the tin - session volume calculates the volume of transactions during the session, boxed off individually on a session by session basis. Inside the session volume;- Second type of volume profile is "Visible range" - again not much of an explanation needed, however - this one is a little more tricky as a lot of novice traders spend a lot of time flipping between charts, time frames and so on. So you need to be careful as it will compute, whatever you have in view on the chart. Here we can see the value area, just like the session - but for the visible range. I have also highlighted the region outside of the value zone - grey area in orange boxes. (for this example) and of course the point of control. By zooming out to another swing high you can see how this changed the profile. This is due to the fact we are now viewing on the chart a different range - A bigger swing with more info inside the calculation. The third type of volume profile on TradingView is the fixed range; In simple terms - this kind of works between the two; you can highlight what you want, but it is then anchored much like the session volume. In this example above, I have shown the fixed range to match a visible range - larger left and the profile larger on the right. As well as a smaller fixed range showing the original smaller range form the visible range image 1. Mix and match - or different use cases; There are several different ways to apply volume, the use case, the logic & the strategy will depend on what one or what combo works best for you. As I mentioned above, I will do a lesson on strategies for volume if requested. In this example below; I have shown a fixed range and a session profile. And finally - just to reiterate, there are several techniques when trading volume, at a glance here you will see a cluset of "PoC's" consolidating at a high before the price moves on down over several sessions. This is just one application. As always, I hope this helps some newer traders out there get into volume profile, It can be a powerful tool when you know how to use it. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
8
Interesting observation with the Volume Profile...DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Education
by Simple_Renko
5
The best models of the volume profile. Deals with confidenceWhat is the Volume Profile indicator? Volume Profile is an advanced charting study and indicator. It shows the traded volume amount of an asset over a specified period, at certain price levels. Volume Profile makes use of previous traded volume and all the strategies and plans are brought from historical data. Traders focus on the regions where a reversal could occur with volume profile. Some people believe that volume profile analysis provides traders with an “unfair” advantage as a result of market context and that institutions and banks use such strategies. What is Volume? Volume, also referred to as volume of trade, gives the total number of shares or stocks traded for a specific security. Volume indicates the amount of transactions that carried out. As a result, it can also measure the liquidity of security. A security is considered active or liquid when volumes are high. How does indicator work? The volume profile can come in any shape depending on the distribution of volumes. It draws by using horizontal lines to form a histogram. The more the volume trades at a given level, the bigger the profile becomes. The volume profile is usually located at the right side of the chart beside the price levels. It is represented with bars. The volume profile bars are created by getting total volume traded at a price, in a given time. The total buy is then divided, and volumes sold representing it on a histogram chart. Traders can understand and use the volume profile indicator as one of the important tools among all their technical analysis tools. Types of Volume Profile There are three different kinds of volume profile used in trading. There is not so much difference in the way they all operate. The differences that exist amongst them are the way they appear on the chart and the ease of access to volume profile on the precise time period you want to view. Volume Profile Visible Range (VPVR): Volume Profile Visible Range (VPVR) is the basic volume profile tool most trader use. It appears next to price levels on histogram. It displays the volume traded in the price level automatically from the candles displayed on the screen. When one go back and forth in the price action’s time period, the volume profile visible range will change. Volume Profile Fixed Rage (VPFR): This is almost the same volume profile with the VPVR, only with a little difference. When one wants to view the traded volume in a period of price action, like the uptrend or downtrend, you can determine the initial and final point and view the volume profile only for that time period. Volume Profile Session Volume (VPSV): This displays all the volume profile of the session that is appearing on the chart. Each session presenting on the chart has a volume profile grouped with it. Each session is considered daily and that goes for the change of time period of the chart. The various shapes of Volume Profile There are various shapes volume profile histogram can print out and many details and information can be generated from them. D – Shaped Profile: This corresponds with alphabet “D” and it is the most common shape. It informs us that there is a temporal balance in the market. P – Shaped Profile: This corresponds with alphabet “P” and it is an indication of uptrend. b – Shaped Profile: This corresponds with alphabet “b” and it is the inverse of P-shaped profile. B-shaped profile mostly appears in a downtrend or at the rear of an uptrend. Thin Profile: This corresponds with the alphabet “I”. Thin profile indicates a strong trend. There is little to no time for building-up trading positions in a fierce price movement. Just minute volume clusters are made in this type of profile. Terminologies associated with Volume Profile It is very important that one understands has some basic knowledge about the concepts related to volume profile. High Volume Node (HVN): This is a point in volume profile where is a really higher volume than average. The most crucial component of the volume profile is to be able to display the most traded prices for a particular time period. Low Volume Node (LVN): This is a point in volume profile where there is a really lower volume than average. LVN and HVN are inversely proportional to each other. Value Area (VA): This is where 70% of the volume can be found. The volume profile gets a bit complex in this area. This means that 70% of total volume used on the chart had occurred cumulatively at these price levels, hence, called Value Area. Point of Control (POC): This is the highest volume node that exists on the volume profile. Numerous volumes are transacted here. Traders make use of POC for as a vital retest point and for support. Clearance: This is an area in the volume profile that constitute of only LVNs, as there are no HVNs in this region. Developing Point of Control (Developing POC): This is a change in POC over time. As POC changes over time, you can notice the change by observing the Developing POC line to what it was in time past. Value Area High (VAH): This is the highest point in the value region section Value Area Low (VAL): This is the lowest point in the value region section Volume Profile rules Traders can identify the state at which the market is by using the volume profile. When you have been able to determine the state at which a market is, then these rules tells us what to search for in volume profile in those different market conditions. If the price is consolidating (ranging price): Here, the price would be jumping between HVNs and LVNs. Value area will be situated at the center of the volume profile. If the price is trending upward (uptrend): Price here will likely retrace to the value area high. Value area would be situated on beneath the volume profile. If the price is trending downward (downtrend): Price would most probably retrace to the value area low. Value area would exist above the volume profile. Conclusion Volume profile is a very vital valuable analysis tool which is used everywhere by traders. Volume profile has been continually relevant as a result of its versatility. It is a charting tool that has a wide usage capability. The volume Profile provides trader with accurate data. It is more of a reactive tool for discovering traditional and resistance areas and so traders are still developing indicators which would be more proactive and predictive in nature. With every other indicator, calculations are done with only two variable which are: Price and Time but with volume profile indicator, there are three variables available. These variables are: Price, Time, and Volume. Most standard trading indicators only show how the price is moving in the past. The main notable difference between those numerous indicators is how they visualize it. That made them less efficient and makes traders to keeping moving from one indicator to the other. But with volume profile, it directs you to regions which where and will be crucial for large trading institutions. To put it mildly, volume profile is capable of predicting what will happen in the future.
Education
by GentleGoldenEngine
32
ETH vs. BTC - Who's the likely winner?DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Education
by Simple_Renko
How To Trade Forex VolumePlease look at any Forex 4 hour chart with simply volume on bottom- what do you see? Part of your trading edge should be only trading with high liquidity and volume (in-between these 12 hours a day)- then do other things to maintain balance of body, mind and soul in your life. Yes, you see that only times you should be either scalping or day trading is in between 10 p.m. to 10 a.m. PST/USA ( 12 hours)- this is at the end of Tokyo session to end of London session. *NOTE: convert these times with your own times and/or location. What is Forex volume: How to use it to your advantage: If you did not know, the Forex market has an average turnover of $6 trillion daily! In other words, that is the Forex volume! Forex allows swing traders, scalping and position trading... even long term trading. You can enter markets at any time, with tight spreads and good leverage. Lets explain what is Forex volume and how to use it to your advantage... The Forex players: To start, interestingly, the bulk of trades are made with major currencies. And only a few global powerhouses account for most of these trades. Forex traders are separated into two categories: Institutional traders: Major banks, governments, hedge funds and portfolio managers. Retail traders: Individual traders ( like you and me) and prop traders (who work at proprietary trading firms). Institutional trading makes up 90% of the Forex market- the smart money. Only 10% of trades are done by individual and prop shop traders (i.e. traders who trade capital for other people). Forex volume and liquidity: The Forex market trades 24 hours a day, five day a week. Traders often confuse Forex volume and liqudity. Forex volume is the total amount of capital traded in market. Lots of trades around the clock means a massive amount of volume in the Forex market. Therefore, trades have high liquidity with steady money flows to buy and sell currency. Liquidity is the ability to move your money in and out of the market. High liquidity allows you to enter or exit your trade quickly.
Education
by Anbat
How to find potential strength ; )DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Education
by Simple_Renko
Simple Renko Trading Explained - Pt. 1DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Education
by Simple_Renko
Money Flow Index: MFI analyses tutorial with 4H candlesticksMFI or Money Flow Index as a strategy is quite similar to RSI or Relative Strength Index. The key differentiator for MFI is the consideration of volume. Money Flow Index oscillator: MFI uses both price and volume to measure buying and selling pressure. MFI oscillates between 0 to 100. Intuitively, the volume-weighted feature makes MFI a comparatively better 'Lead' indicator than the RSI. Most reversals can be identified and acted upon best through the Money Flow Index oscillator. MFI above 80 indicates Overbought territory. It suggests that the underlying asset is driven by a buying pressure. MFI below 20 indicates Oversold territory. It indicates a selling pressure. MFI crossing over 20 gives a BUY signal. MFI crossing down the 80 mark gives a SELL signal. Stop loss should be used as a precautionary measure. Trailing stop loss can be used to let the profits ride, while ensuring safety in case of trend reversals. -------------------------------------------------------------------------------- Comments and feedback would push me to come out with better analyses. Thank you!
Education
by civilKitten60243
20
Sessions & Overlapping TimesVisualizing the different sessions (Sydney, Tokyo, London & New York) on a chart is easier, then just reading about them. Best times to trade are both the Tokyo/London overlap (purple area) and London/New York overlap (purple area). Price action and risk management is key to profitable FX trading. Remember Four Things When Making Any New Trades: 1) Pair Traded 2) Price Traded 3) Session Traded 4) Time Traded All of the above four things equal liquidity and volume when you are trading, best of both is at Tokyo end to London end session. The chart times are PST/USA times- please convert to your local times, if you would like too.
Education
by Anbat
Do You Day Trade? (Part 2/2)You need to know that during the 3rd/4 hr candle or from 10:00 pm to 2:00 am (PST/USA)- please convert to your time zone, that most of the time the L.O.D. (low of day) or H.O.D. (high of day) is made, within that 4 hr candle. If you get that right, you can profit with right risk management. There is a high correlation that 11:00 pm to 2:00 am PST/USA that the High or Low being established for the daily session, in the majority of the cases. Attached chart example of GBPJPY 1 hour chart of Thursday, making a H.O.D. during this 3rd/4 hour candle of session, then price action dropping 80 pips. This is why I use Daily, 4 hour and 1 hour mostly when scalping and day trading. Do not fight big banks, if you are scalping or day trading- just jump on their train and go with it for success.
Education
by Anbat
Do You Day Trade? (Part 1/2)You need to know that during the 3rd/4 hr candle or from 10:00 pm to 2:00 am (PST/USA)- please convert to your time zone, that most of the time the L.O.D. (low of day) or H.O.D. (high of day) is made, within that 4 hr candle. If you get that right, you can profit with right risk management. There is a high correlation that 11:00 pm to 2:00 am PST/USA that the High or Low being established for the daily session, in the majority of the cases. Attached chart example of GBPJPY 1 hour chart of Friday, making a L.O.D. during this 3rd/4 hour candle of session, then price action going 50 pips up. This is why I use Daily, 4 hour and 1 hour mostly when scalping and day trading. Do not fight big banks, if you are scalping or day trading- just jump on their train and go with it for success.
Education
by Anbat
Forex Session Tendencies Tokyo Session: Liquidity begins coming in from Wellington, New Zealand. The Tokyo session has a higher tendency for ranges to hold- support and resistance to be respected. London Session: Liquidity being furnished throughout Europe. The London session has a proclivity for fat, active moves. New York Session: Can exhibit behaviors from both London or Tokyo sessions. The Overlap is often considered "The most liquid period" of the day. Other useful information: The New York Forex session is one of the most liquid Forex trading sessions. When the US session overlaps with the London Forex market session it is considered to be the most liquid period of the day.The beginning of the New York session is normally more volatile than later in the day. There are different methods traders can use to trade differing levels of volatility. WHAT TIME DOES THE NEW YORK FOREX SESSION OPEN? The New York Forex session opens at 8:00 AM ET and closes at 5:00 PM ET. The ‘overlap’ occurs when the US Forex session overlaps with the London Forex market session. The London Forex market session opens at 3:00 AM ET and closes at 12:00 PM ET, so the overlap occurs between 8:00 AM ET and 12:00 PM ET.
Education
by Anbat
Break Out Range (Entry Pattern 1/5)One of my favorite day time or scalping entry patterns is the breakout of range pattern on hourly time frame. The best times for any entry patterns occur is in between (end of Tokyo) 10 p.m. to 6 a.m (start of New York) PST/CA times- why? high liquidity and volume. This pattern on attached hourly chart, happened end of Tokyo and start of London a prime time to entry a new trade. This set up could have been from a 1:4 or 2:4 set up of risk reward, depending on your plan and strategy and risk management.
Education
by Anbat
BTC/USD ( May Sideways Ranging PA?)I think that Btc/Usd will be in a sideways range in the month of May, in between 55000.0 to 60000.0 ($5000.0) unless some world CraCra event happens. On weekly and monthly Btc/Usd charts- most of the price action has been in between this range, with one spike to $65000.0 last month. Btc/Usd sellers won last month with price action making a long legged red doji candle (undecided) on April chart and most of the strength, I believe still in sell side. Last couple of years price action has been going almost straight up or 90 degrees, this year (2021) will mostly be a consolation one or sideways so their is some kind of balance placed in Btc/Usd market. Note: I do not trade Btc/Usd, but if you do---- good luck!!!
OANDA:BTCUSDEducation
by Anbat
GbpAud London/NY session order blocks (examples)Example of both a bearish and bullish order block that would have helped you day trading the Gbp/Aud pair on 15 minute time frame. This is a very both a high liquidity and volume four hours of day (last four hours before London session closes). Noted on attached chart is following: 1) 1:3 risk/reward set up on a bearish and bullish trade. If you would have utilized a 12.5 pip stop loss vs possible target of 36+ target. These trades would have lasted around a hour in real time to hit targets. 2) Note: Fib retracement indicator on chart, with a reversal in golden zone of 38% to 62% areas. They can/should be used for both trades for entry areas. 3) Price action on 2nd trade had support right above white line or S1 pivot line, which is another confirming indicator.
Education
by Anbat
Sessions (Best Times To Day trade)Visual chart of different daily session: Sydney, Tokyo, London & New York is easier to understand then just read on website. When sessions overlap and when both highest liquidity and highest volume happens per day. If you day trade & keep price action number one and trade during highest liquidity and volume hours area per day, which is the (12 hrs) in between the end of Tokyo session and end of London session, you will keep trading Forex as simple as possible. Use risk management and stop losses always when trading. Please convert noted PST/USA chart times to your time zone.
Education
by Anbat
Per Day 12 Hours Of High Liquidity & Volume Forex is open 24 hours a day, but first 8 hours of new session has slow and low liquidity and volume and last 4 hour of session has slow and low liquidity and volume. Why is first 8 hours mostly ranging and sideways price action, related to Sydney and Tokyo sessions are only ones open for trading and last 4 hours of session is because only session is open is New York, after London has closed for session. * You generally should not trade these times unless you are scalping trades for low pips. Best times (you can convert to your time zone) is from 10 p.m. to 6 a.m. P.S.T/USA- or end of Tokyo session to end of London session. This is where most of the 6 trillion dollars of Forex buying and selling takes place and has highest liquidity and volume every day. Please put a simple volume on any Forex hourly or four hour chart and you will see when high volume is trading (London and NY session, especially overlap 4 hr period before London closes). On noted 4 hour attached chart: You see possible day trading done on 4 hour charts during high liquidity and volume times of day, these trades mostly are reversal back into daily trends from liquidity within the last 8 hours of Tokyo session before London. You can set an sell limit or buy limit trade expecting next 4 hour (10 p.m. to 2 a.m.) candle to reverse back into major trend of week or day. Best day trading is during 12 hours of high liquidity and high volume period. The Forex markets want to get retailers going wrong direction, let price action come to you on either 4 hour or daily time frames- then trade in that trend direction you will profit more and have less stress. Good Luck and Good Trading. Always, use stop losses and risk management when trading Forex.
Education
by Anbat
a Tip about reading VolumeHow to read volume in your stock: General concept: - You want to see volume increase on impulses and volume decrease on corrections Volume analysis: A: Price is moving up, volume is increasing - as should be. B: Price is correcting, volume is decreasing - as should be. C: Price is moving up, volume is increasing - as should be, BUT the large volume is not pushing forward and the price is starting to correct - Red flag. D: Price is correcting, volume is decreasing - as should be. E: Price is keeping correcting further, volume is increasing on deep correction after breaking local low!!! (not as should be) + HUGE amount of volume greater than volume peaks 1 and 2 =====>>>> we are about to go into a large correction! Large correction = deep or lengthy... but it doesn't tell you which one... maybe both, it is just telling you correction about to happen... F: Large correction is happening, volume is decreasing. EXTRA ANALYSIS: Remember that the market is fractal, so this pattern repeats itself on different structures. - From point A to E you have an impulse on increasing volume. From point E to F you have a correction on decreasing volume (Bigger time frame). - From point A to 1 to B there is an impulse and correction volume pattern, as stated above on the lower time frame: A is an impulse with increasing volume 1 is like point E - volume on the RED day is greater than the Green day or any previous days on the rise. B is a correction on decreasing volume The whole concept of volume analysis is to help the trader be more in tune with the market cycle... So you will know when you are in a correction, and when you are in impulse. Knowing this will help you HOLD ON, when you need to, or TAKE PROFIT when you have signs that correction is happening. If you like it, follow and like this idea so it will save on your saved ideas for future reference.
PEducation
by ZoharCho
11
Should You Use Sessions Indicator?If you are new to trading Forex, should you have sessions indicator on your charts? Yes, 100%. Why, most of the liquidity and volume happens at end of Tokyo session to end of London session. This involved Tokyo/London overlapping one hour and London/New York overlapping four hours. You need to understand that price action during Tokyo session mostly ranges or goes sideways. You need to understand that price action during London session will mostly do a fakey or false move in wrong direction, then start trending. You need to understand that price action during New York session will mostly continue same direction of London session and/or reverse trend. You need to understand that price action after London session closes, will decrease with both liquidity and volume dropping suddenly for rest of session. Note: You need to know that 1st hour of any new sessions have the highest spreads and are not for trading, but for setting up future possible trades. Finally, from 10 p.m. to 2 a.m. PST/USA- either high or low of day will be made, 80% of time- then you can trade in trend direction of day. Sessions Indicator will keep you trading the right pair, at the right price, at the right time of day and during the right sessions. Why, trade AUDJPY during New York Session when both Sydney and Tokyo sessions are closed? Commonsense and keeping trading simple will help your bottom line, in Forex. The sessions indicator will work with any time-frame under 4 hours and keep a visual reminder of what session is open and closed - F.Y.I.
Education
by Anbat