Hi buddy, do the charts above help any?

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Thank you Pent56! I was just trying to come up with an example for MoneyZilla but I think your chart might just do the job. Here is the chart I was looking at anyway (although it's on a simpler scale). image

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I don't see it that low volume indicates that a direction change might be coming. There must be some effort somewhere to make the turn happen. It isn't always huge volume, it may just be HIGHER volume. Look at the trade I posted last night - I ...

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If we work with the mind set that it takes effort to move the market then it must make sense that it takes extra effort to change the market direction. How can that extra effort be visible to us? It is visible in the volume. That effort can also be ...

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Yes you are completely right. I so look for divergence with RSI. I do have a habit of cutting winners too early sometimes which was the case here. That would have been a very nice short on GU if I held it longer. I was also looking at it on H1 where ...

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Missed the 1st one (short) because I wasn't at my computer but that is a nice example of what to look for. Took the 2nd one (Long) for a small profit. Also a good point to note is that The long signal was actually a red candle. Red doesn't ...

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Good point, well brought out mate. I don't know but I suppose zwara must be right. I just closed the trade when it went in to profit and never even thought about it.

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I hope so but I guess time will tell. And now there are a lot of people watching

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I don't follow SonicR or PVSRA mate. I just think the pdf highlights some very interesting points.

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I am not a PVSRA trader. However this pdf really helped me to understand M1 volume. I have recommended it in the past and I recommend it now. When I read this something just clicked which began the process of getting to where I am now. file

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Thanks mate

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Another important point t that I didn't mention is about exiting a position. If I am in a winning trade and I identify opposing volume coming in with the potential to cause a reversal and eat in to my profit then I close the trade and bank the pips.

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As I said I generally don't use stop losses unless my trade is in danger or if I am unable to be at my screen. Yes I know it seems that I can at times let trades go against me a long way but remember that I am studying the volume to understand what ...

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Thank you my friend. I am grateful for your support

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Here are some quick answers to your questions mate; 1. M1 volume informs me what is going on, whether it is Buying at lows or selling at highs? This gives me an invaluable insight. 2. I like to keep a track of the H1 chart. Understanding how to do a ...

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Team No is losing ground image

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Volume + Price Action is what I look for. Think about it...... High volume at highs in an uptrend is sneaky selling. Accumulation of shorts. High volume at lows in a downtrend is sneaky buying. Accumulation of Longs. What we don't know is how far ...

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OK well here is my reason. I am not sure if this will make sense to you or not but here it is. I feel that having my money and lots visible for all to see will put undue pressure on me and I don't need that. However I guess now that my balance has ...

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