VOLUME THEORY
"There is no talent here, it's hard work. Obsession. Talent does not exist, we are all equal as people. You can be anyone if you take the time.You will reach the summit and this is what it is. I'm not talented, I'm obsessed. "- Conor McGregor
On the other side of the market there are people well educated in this topic - professionals and with huge capital. In their actions they actually use the volume. Your hard work, pick up this statistic, everyone can learn it. The condition is perseverance in this monotonous science and concentration combined with patience.
People write to me asking questions similar to "why my analyzes are not effective" .. The answer to these questions and the hint for you is that what is missing is - the foundation and the foundation based on the volume you will learn soon and focus on it . You will learn to carry out effective analyzes and the consequence will be good position classes. Based on the schematic market behavior mapped in the graph and shown on the volume, this applies to the entire market regardless of the instrument and the interval. At the moment you do not have this foundation and you know that the foundation builds mindfulness, accuracy, systematics, focus, perfection also. Good foundation about every builder knows that it gives a solid foundation on which to create something magnificent and poor buildings will blow up and how little will survive it very unstable. In order to survive, not much of it has been successful on the market, you have to learn, learn, master the rules that prevail in the symbiosis between price and volume that are really simple but the eye needs to be trained. A good example is the puzzles that have drawings attached to what a finished puzzle should look like. For you, having mastered the rules of a puzzle on the chart, it will not be difficult to decipher it.
I will present you the basis for such a foundation that you have to put in a solid mind in your mind and then guarantees you that you will have no doubts in assessing what is happening on the market.
-Market of the Bull and Bear - using the volume, it determines the prevailing trends.
- Accumulation, Distribution - shows the start of increases or decreases and continuations, the volume will show you
- Impulse waves - it is best to participate in them, the volume defines it for us.
- Wave of correction, test - we are looking for a position occupation, the volume shows when the correction ends.
- Support and Resistance - when the levels stop the price and when not, the volume with its behavior shows it.
- These five elements form the foundation on which the entire strategy is based, of course there is still a lot but this is the absolute basis, I would join fundamental data that affect the volume but it is different issues and will be explained in a separate section.
Professional Forex Trader
6 年I agree with most of your opinion but little disagree . Actually talent is the actual thing, hard work polishes and enhances talent . All humans has got equal talent , those guys which uses it properly and in right way with hard work ,dedication and concentration achieve the success . YES, you are right ,in forex volume is the key factor to decide the direction of the market .