Hello friends, many of my friends who use this indicator asked me if I use it, so I recorded this video for them so they could learn how to use volume to make good trades.
The sole purpose of making this video was to teach trading based on volume, but my voice recorder wasn't working, so I couldn't guide you live.
Now, let's talk about the trade. If you look before the first entry, you'll see that the last hour's bar was bearish, and when we took the trade, it was a Doji, which meant the market was in a dilemma. However, if you look at the volume status on the dashboard, the volume didn't reach the level of a large bullish bar, which means manipulation was underway. The market was moving upward without volume, so it was bound to fall.
But this trade didn't close, and we didn't make the expected profit. This happened because the market trend had changed, and a support zone had already formed there. Our indicators already told us that the market could reverse from here for a while.
As I've tried to explain with the cursor.
In the second trade, the dashboard below had already given a bullish signal, and you can also see this in the volume status. Volume is increasing with a bullish bar, so a scalp entry is possible here.
If you have any questions, please ask.
The sole purpose of making this video was to teach trading based on volume, but my voice recorder wasn't working, so I couldn't guide you live.
Now, let's talk about the trade. If you look before the first entry, you'll see that the last hour's bar was bearish, and when we took the trade, it was a Doji, which meant the market was in a dilemma. However, if you look at the volume status on the dashboard, the volume didn't reach the level of a large bullish bar, which means manipulation was underway. The market was moving upward without volume, so it was bound to fall.
But this trade didn't close, and we didn't make the expected profit. This happened because the market trend had changed, and a support zone had already formed there. Our indicators already told us that the market could reverse from here for a while.
As I've tried to explain with the cursor.
In the second trade, the dashboard below had already given a bullish signal, and you can also see this in the volume status. Volume is increasing with a bullish bar, so a scalp entry is possible here.
If you have any questions, please ask.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.