cfabian wrote:I don't know how to read or interpret volume... can you give some glimpse?prochargedmopar wrote:cfabian wrote:""#$%!"#$
Really not fair.... I was in this trade, with +12, aiming for the price it is targeting now, moving down in consistent steps. Then my boss told me to go to his office. Oohhh boy... when will this stupid things end up????
H1 formation was good as well, but that freaking long kick stopped me out with a loss. Can you see a better entry, or a sort of explanation as to why should I have waited? Or any anticipation it would go up there?
I'm by no means kicking out long runs BUT,
Basic price analysis:
candle close above previous, then momo up.
double bottom formation.
These do not mean price is turning forever but as es/pip says, look how far it has already dropped.
WHAT IS THE VOLUME IN THAT AREA TELLING YOU??
I feel the actual trade/entry was well above your stop if your looking for that large of a run.......
But dude, I'm not holding for more than 2-3 pips most times because I see these things on small time frames and exit before I go back to -1. LOL
Well, unless I get down 10, then I add. hehehehe
Just as any other "method" it takes many many hrs./month's/ ect to know all the nuances of trading with it.
I've just started using it a couple month's ago.
Here is a thread with links to most info you may need.
TRO posted this with his volume indicators. I didn't look at it at first but a month or so later came back to it and found it interesting.
Here is a small article of how I am combining Candles and Volume,
but I also incorporate Z-Lines, and Sup/Res, and chart patterns, and speed/time variable, and and and.
I need to find MY exit strategy and all will be good.