Assessing SnR Levels with Trading Volumes
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    Assessing SnR Levels with Trading Volumes

    Assessing SnR Levels with Trading Volumes



    We have been traditionally using the Support and Resistance SnR levels to plan our trades. Now it is not just about using the SnR leves but also correctly estimating about how much trading volumes are actually involved that will give us a fair idea of the Major Trend Shifts in the coming times.

    Using the Above GBPJPY Charts you can see clearly that the change in the Daily Support and Resistance levels is varying with the trading volumes.

    This also takes into account the Open and Close times of the Major markets which in turn will decide the Daily Trend Shifts.

    Using this pattern we can decide our Entry and Exit positions in the markets when doing Intra-Day Trades

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    Your strategy really seems great, and i really do not deny the true fact that the support, resistance and pivot levels are always very much helpful for any trader to make some good gains. Hence, always knowing these important levels is very much important and each and every trader. It will be more helpful for the traders here if you could also post some real live trading examples.

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    Quote Originally Posted by Ashviniurs View Post
    Your strategy really seems great, and i really do not deny the true fact that the support, resistance and pivot levels are always very much helpful for any trader to make some good gains. Hence, always knowing these important levels is very much important and each and every trader. It will be more helpful for the traders here if you could also post some real live trading examples.
    Yes as i can see that many times we will get such types of trades in which we can clearly see that the markets are in the overbought or the oversold modes. But here once again it is imperative for us to decide on the outcomes of such trades by first looking at the trading volumes. When we will see that what kind of trading volumes are being used then we will be in a position to make a correct and fair estimation of the trading levels.

    And when we will start using them then our trades will also become more inclined towards getting profits and this will in turn help us in becoming more successful in the business

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    Quote Originally Posted by nsawork View Post
    Yes as i can see that many times we will get such types of trades in which we can clearly see that the markets are in the overbought or the oversold modes. But here once again it is imperative for us to decide on the outcomes of such trades by first looking at the trading volumes. When we will see that what kind of trading volumes are being used then we will be in a position to make a correct and fair estimation of the trading levels.

    And when we will start using them then our trades will also become more inclined towards getting profits and this will in turn help us in becoming more successful in the business
    Haha overbought or oversold prices are not that easy to be clear about. Many times what we thing a good price soon becomes a bad one. It is not easy to outperform the market and to pick its tops or bottoms. Forex can prove us wrong or any indicator or trading systems void anytime. So being prepared for everything is the key to succeed here.

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    Quote Originally Posted by PROPENSITY100 View Post
    Haha overbought or oversold prices are not that easy to be clear about. Many times what we thing a good price soon becomes a bad one. It is not easy to outperform the market and to pick its tops or bottoms. Forex can prove us wrong or any indicator or trading systems void anytime. So being prepared for everything is the key to succeed here.
    This is a fact that there are times in the Forex trading markets when we do not have any clear inclination about the things that are going on in the markets. This also means that we are still not clear about what is the best recourse to our trading and which way we must be doing our trades so that the profits will start coming to us. This is why i have said that when we will make use of the Trading Volumes then the things will become more clear to us.

    This will also help us avoid the silly trading mistakes that we often make and thus be on the safer side

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    Quote Originally Posted by nsawork View Post
    This is a fact that there are times in the Forex trading markets when we do not have any clear inclination about the things that are going on in the markets. This also means that we are still not clear about what is the best recourse to our trading and which way we must be doing our trades so that the profits will start coming to us. This is why i have said that when we will make use of the Trading Volumes then the things will become more clear to us.

    This will also help us avoid the silly trading mistakes that we often make and thus be on the safer side
    You are right sir. We have to look at the volumes which are behind the price movement. Sometimes the market pretends to break a support or resistance but the volumes are very small compared to the usual volumes. Such cases the market usually after moving a small distance makes a drastic opposite move. So we also need to distinguish between real moves and fake moves.

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    Quote Originally Posted by PROPENSITY100 View Post
    You are right sir. We have to look at the volumes which are behind the price movement. Sometimes the market pretends to break a support or resistance but the volumes are very small compared to the usual volumes. Such cases the market usually after moving a small distance makes a drastic opposite move. So we also need to distinguish between real moves and fake moves.
    It is quite true that when the movements in the markets are not what we have expected then the problem arises. many times this will happen when we will know that what is going to happen but will miss it with some margins. This only means that we need to know about the correct Support levels and the correct Resistance levels.

    And the only best way of doing so would be to first correctly asses the market liquidity which is present that will guide us further in the decision making process. We must try to always assess the current situation that we see and understand

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    Quote Originally Posted by nsawork View Post
    It is quite true that when the movements in the markets are not what we have expected then the problem arises. many times this will happen when we will know that what is going to happen but will miss it with some margins. This only means that we need to know about the correct Support levels and the correct Resistance levels.

    And the only best way of doing so would be to first correctly asses the market liquidity which is present that will guide us further in the decision making process. We must try to always assess the current situation that we see and understand

    There is lot to the market apart from support and resistance. The truth is that no one will ever know how the market will react to any piece of information. We trade by guessing; of course to make ourselves feel better we call it analysis and prediction. Let's face it folks, the important news of Forex is really a lot of guess work. There are patterns of course, but if we are so stuck on patterns then shouldn't you be looking at technical analysis instead? After all technical analysts are the ones that believe that history will always repeat itself.

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    Quote Originally Posted by forexfighter007 View Post
    There is lot to the market apart from support and resistance. The truth is that no one will ever know how the market will react to any piece of information. We trade by guessing; of course to make ourselves feel better we call it analysis and prediction. Let's face it folks, the important news of Forex is really a lot of guess work. There are patterns of course, but if we are so stuck on patterns then shouldn't you be looking at technical analysis instead? After all technical analysts are the ones that believe that history will always repeat itself.
    This is very much true fact that the forex market behaves in a very unpredictable fashion and hence there is need for the traders to always be very much careful regarding the trades that which they wish to take and suppose if the traders are taken the other way round, it is the traders responsibility to ensure that they have maintained sufficient balance to hold onto their trades and close at the best possible losses and ensure that they only let their profit making trades run for longer.

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    Quote Originally Posted by Ashviniurs View Post
    This is very much true fact that the forex market behaves in a very unpredictable fashion and hence there is need for the traders to always be very much careful regarding the trades that which they wish to take and suppose if the traders are taken the other way round, it is the traders responsibility to ensure that they have maintained sufficient balance to hold onto their trades and close at the best possible losses and ensure that they only let their profit making trades run for longer.
    Most of the times when we are doing our trades then we do not have a clear idea of what is happening in the Forex markets. This is because we do not know the broader trends in general and thus this will in turn affect us and the profits we are expecting to get from our trading. Being able to carefully select those Support levels which are safe for us and which can be easily used to gain profits is of importance to us.

    Our losses are only as much as the risks that we are willing to take in our trading and how we are going to control them in our future trades. This is also a reason why the Support and Resistance levels matter the most to us

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