VOLUME TRADING - AN INTRODUCTION TO MOMENTUM AND ACTIVITY | Forex
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Volume trading can be a complex topic. However, if you break it down to its logical steps, you can grasp the concept a lot easier. In this introduction to volume trading, we talk about how we can get more accurate trade entries by monitoring the momentum and activity of the price, by incorporating volume in our trading. ================ JOIN US TO LEARN TO TRADE FOR FREE: http://bit.ly/DuomoInnerCircle ================ SUBSCRIBE FOR MORE TRADING VIDEOS: http://bit.ly/DuomoYouTube ================ GET OUR FULL ONLINE COURSE: http://bit.ly/DuomoCourse ================ SOCIAL LINKS: Website: http://www.duomoinitiative.com Facebook: http://www.facebook.com/duomoinitiative Twitter: http://twitter.com/duomoinitiative Nicholas Twitter: http://twitter.com/nikipuri Instagram: http://instagram.com/duomoinitiative Email: contactduomo@duomoinitiative.com
Comments
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You make my heart race, u fucking awesome game!! ))
your logo in the top left corner of the video makes it hard to see your time frame on the chart, i'm going to guess it's 1 hour?
i'd like a zoom in at the 21 Jan 7:00 and 22 Jan 7:00 areas, to focus on the difference in volume spikes in relation to price action.
on 21 Jan 7:00 you notice an increase in doji candles with decreasing volume, PRIOR to the spike up into the previous high, then it appears some large volume candles resulting in a long leg doji, where some holders from earlier decided to take profits on the spike and get out, and some new buyers following the momentum decided to buy on the pullback in that candle in anticipation of it going higher, then they where trapped when it didn't stay at that new price point.
on 22 Jan, there were wider range candles on the run up toward the previous high, but then reduced volume, and finally doji candles at the high price range, as no new buyers were willing to risk getting trapped at this previous failed break-thru at this level, and current holders started to dump in a panic as shown in the large volume spikes and the large body plunging candles.
i know you are showing this chart for educational purposes, but I'm assuming a retail trader doing forex is going to be focused on 1 minute time frames for risk management.
i'd also like to see you hide the right edge of the chart and try to predict what is going to happen next, as we try to do in the real trading day, and then reveal or scroll into new time candles to shown if that really happened as the pattern setup indicated it should.
cheers...