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Hi all! I’m back and I got the site back online. Sorry for being away from you all for many months and failing to get the site back online. It’s been one crazy year and I wanted to have a safe place for us to discuss what’s going on in the world and trading opportunities. This year I got heavy into stock as well and did a bunch of Option trades early during the pandemic to make a quick buck. With unlimited QE (the Fed printing money), it seems the US market bull run seems unstoppable. It’s so sad what has happened to our real economy, with the unemployment and all. It seems like many would could be losing their homes as well in 2021 if more financial assistance isn’t approved. What are your thoughts, what’s going to happen in the next few months? How can we capitalize on this and help our friends and family?
Hi Saver0,
welcome back !!! Nice to see you again …
Hope we can get some ideas to get Green Pips in the near future ….
After studying the volume concepts laid down by GG I found this one again. After adapting and filtering with higher TF signals I obtain sometimes quite accurate turning points. However, what me really wonders is this: We can often see turning points with a high volume and a high range. How does it fit in the water flow analogy? Why should the river change its direction after the flood leaves a big river bed?
Hi Anti, i have followed this thread for long time, but just as a good reader … :) I try to give my opinion on this : GG said about Volume(x) compare to Volume(x+1), Range(x) compare to Range(x+1), High(x) compare to High(x+1) / Low(x) compare to Low(x+1), Close(x) compare to previous candle (x+1) to get the Higher probability of turning point. But as you said, some times big volume and big/Small range does not change the direction. May be this idea can not be taken as main signal, but it is for filtering of other idea, for example in addition to Similarity method (just my Self opinion …) ?
Additionally I found a problematic behavior of tick volume in MT4 (and probably with other platforms, too) … a tick doesn’t neccessarily mean a chang in 0.1 pips. Sometimes it can mean a change by 0.2, 0.3, … pips. However, the volume only counts these changes as 1 tick. Thus, you can see very efficient candles where the prize path (abs(open-close)+2*wicks) is bigger than the volume itself. Is this a problem? Any recommendations?
This is interesting …. still trying to understand it … will post again later, if i find some thing …
