Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
This is an interesting idea, however I will say that I haven't found climax bars very useful except perhaps with daily charts and even then not really. And for HVC & LV you don't even need intrabar data, just the range of the bar and the volume. Also I have the impression that the GOM ladder is more useful for scalping but that may be totally wrong. I don't mean to discourage you, just be clear on the objective. Better volume helps to identify turning points in the market which means you're not scalping but going for a nice move.
The interesting thing last time I exchanged emails with Barry he said he's no longer using Better Volume. He has a new volume indicator to detect professional activity. I have been using it for a month now and so far I prefer better volume. I've tried to reverse engineer this new method and I am unable to do it. I may write more on this in the future but since I'm the only one using tradestation I don't know if it's useful for everyone.
2 Euro trades this morning. Volume was key for both of them.
If you're following in the cycles thread, throw the PSO SR indicator on there and you can see it picked the tops & bottoms. However keep in mind that it must be used with "Calculate on bar close" set to true which means it'd be late. So I'm trying to wean myself off of it.
I will make a rule: No breakfast until I hit my morning goal (21 ticks). I'll either be profitable or skinny as a rail. Wait I'm already skinny. Hmm...
PS: Your avatar looks like an x-ray of a body part..
Hey Cunparis , nice trades this morning . I sent my 6E chart from today and how I marked it up , all based on volume . Missed a couple entries cause of no fills on limit orders . Its sim and the 3rd day ever looking at 6E - I like it so far . I forwarded an indicator I found on the NT forum and its a tradeguider ( almost ) replica . If anyone here wants to give it a try I found that it could be useful but is a resource hog and my computer is 2 g ram and feels a drag from it .
I would say the LVPB is either non-professionals trying to take it lower or profit taking until the next swing up. From a price action perspective I would say there is a reversal taking place at the low of the pullback. If there was true selling volume should increase.
As far as the earlier long trade, I would say that and earlier entry could be possible because if the prior HVC bars is professional buying, and I would say that it is, then the probability on a continued rise is good. Safer to wait on the breakout.
