[Lina]

To be honest, I don't want to claim that my way of trading is the only right. Sometimes I loose, sometimes I win. I just want to find best practices. As I say before, volume gives me the opportunity to open the position correctly. I want to show you screen shot, which confirms my words. This is my sell on gold.

[icehac]

I know a few people that use Volfix and are successful with it. EOC has a similiar feature called 'Footprint'. Not as clean looking, but is able to show volume and bid/ask delta. Nice gold trade btw!

[Lina]

Yes, It's Volfix soft. I tried to trade with Market Delta and Bloomberg. Bloomberg is very useful for getting information, but their charts are not very easy for understanding and usable.

[Trendup_]

Originally Posted by 86834 »

Just following on the post I made about how volume divergences are useful, I made a video of a trade that I took yesterday off the 1181 reistance level in ES. The market traded up to the level on a divergence, then one just needed to read the order flow there to pin point the entry. The video can be viewed here:
You'll need to watch it in full screen to see the detail. I should of recorded it in slightly higher quality, which I'll do for my next video. Also what happens at the 1181 resistance level is a great example of a post on the blog called cat whiskers.

Thanks for the videos, can’t hear any voice, it will be valuable to hear your comments.

[KalixMOR]

I tried using volume but now I do again price action only.

[stasbz]

Originally Posted by 86834 »

I'll throw in my 2 cents as usual.....

As with all my other posts, I'm always banging on about order flow, because you need to learn this first, then build the rest of your trading ontop of it. However, lets say you already know order flow, then you can start to use other support tools such as technical analysis and basic volume to identify key areas to be trading.

Now a basic, yet very effective way to use volume is to look for divergences between volume and price on key time frames. Yesterday was a great example on ES after lunch time... look at the screen shot and you'll see what I mean.

Once you know how to read order flow, then basic volume is very effective in presenting you with very strong trading opportunities. Volume is a very broad term with many aspects that come under it, and some people argue that order flow is appart of volume. However order flow gives you the detailed information of exactly what is happening at each price that allows to pin point enteries. Basic volume on the other hand, as mentioned, is excellent as alerting you to key trading opportunities, but shouldn't be used, in my opinion, to try and execute trades. There's a difference between a trading opportunitiy and trade execution, and as long as you use volume correctly then it is a very useful asepct of trading futures. In my opinion, most have problems using volume as ulitmately they're trying to use it for execution, which is why many people get into a trade, get stopped out, only then to watch the market rally to their original exit without them.

you mean that using volume we can see the overall picture of the market today (i mean market is strong or weak today ) and decide to trade buy or short when some market technical setup appears . But to enter correctly we must use order flow.?
OR
we use order flow to discover: market is strong or weak and than using technical setups to trade? (of course we use order flow to enter correctly)

[zapisy]

Only strong volume, does not mean the market will move in any direction, and in which one?...

All the best,

Linetrol Development