NewStats: 3,261,356 , 8,173,771 topics. Date: Wednesday, 28 May 2025 at 11:28 PM z554j

iLegendd:


My man, volume is the secret. The moment you understand it, you begin to see the world differently. Once in a while, it'll fail on you, but 80%+, it won't.

I like your way. Simple and clean, no stress, no drama.

Though, for me, my lowest candle to check is 1 day TF (since I'm more of a swing trader/investor) and my best is weekly. I sleep and drink it.

Also, since I use 100x leverage, I need to work with the bigger picture and also have multiple s as backups should the bigger picture fails me. I also use another method, with not more than 5x.

Anyway, you're on the right path. When I see someone who is, I always know.

90% of that game is patience and volume. 10% is the rest.

The market rewards a diligent and patient specialist.

Almost all trading systems fails once in a while but majority carries the vote. If you are winning more than losing, even a measly 1:1 risk to reward would make you feel like a ritualist by the times the numbers started stacking up.

iLegendd:


When volume does not match price, that is hidden bearish, posing as bullish.

But when volume matches price, that is real momentum. Maybe, the volume will come, but I sense manipulation to create FOMO before a giant dump or even a black swan.

My volume partner in crime, the Legend himself. I also shorted after that last hourly candle closure. But I messed up trailing my stop too close only to get stopped out at 1.2×R.

I took the trade from the hourly timeframe, so I was expecting it to last till late in the night at least, but price just started tanking immediately I entered my order, I hadn't even set stop before it started bleeding to the downside.

For others on the thread, reason for trade entry: The last time price was at that zone, I spotted absorption by seeing lot of bullish candles but price reversed to the downside, so I marked it up hoping to see what happens when next price comes there.

Price got there during London open and immediately reversed, I knew those that absorbed the move yesterday at the same time were still present there with their orders.

I could have shorted after that long bearish candle back into the zone, but it would require a huge stop, so I knew most of the time price usually retest areas where the move initially occured, so I waited for a retest for a better entry. Immediately the last green candle ended up with a top wick, and couldn't close above the area.

That was the confirmation signal and price whooshed to the downside. Should have made more, but the move was too sudden even for me than I expected, so I mismanaged the trade.

DXYY:


I believe it will be broken

Seems very likely now, looks like a new has formed underneath, closed the trade @60% loss instead of it hitting the full stoploss.

Could it be a coincidence that this that the buyers failed on Friday May 9th is the same one they are having bigger problem breaking since yesterday.

They've been buying but being pushed back, who throws in the towel first, we will see. Today is also a no news day for the two of them, so they will battle it with no refree or VAR to settle the battle.

LincolnOnyeabor:


Yeah.

The final tp is still far off.

But I closed it. I've re-entered another 2 positions sha.

With TP at 2.10 area. This should help me the phase 1 of this .

Omo! 2 phase s are just sooo meeeeehhh on the mind.

Well done Linc on that long. That was a nice call, I don't have the liver to hold that long on a call, woulda chickened out at 2×R, but you waited and milked it all out. Nice one boss.

But on re-entering again, hope that isn't a long shot? I have a resistance there on EA on May 9th on the hourly timeframe that should hold the price a lil bit, since EA and GA are so correlated, I expect they'd both react to same rejection.

And with the look of things, it's holding and reversing the price already. It's not really nice giving back to the same pair what you already made same day.

Any FX trader here can take this long on UsdCad. It's still premature, wait for a bullish candle. Any H1 bullish candle close would do and hide your stop beneath the low. It doesn't get simpler than that.

Goodnight o.

doyin01:
Welcome to bear season 2025. ,said a clown

Na so BTC touch 100k again...bear season indeed..

Lmao, put stoploss for Sokoto, put TP for Asaba, market direction indeed.

Win 20naira 4 times, lose 250naira once. All the three weeks profit gone in one day loss. Even a monkey clicking buy and sell randomly would do better.

Some of them even said I don't show my live trading, if they are jobless enough, they should go back to my posts back in 2023 forex thread when little profits was still something to me then. I've tried modifying by deleting the profit showing screenshots images but unfortunately you can't modify a "locked thread" post.

If you're reading and learning from people that wrote the post on the below screenshot, would you be inclined to show off a meagre $20-50 profit on your winning trades screenshot?
Just a food for thought.

Manlinee:



Off course !!!

Why not ? Dangote still Dey find money ..


So wait , in your mind,

2-5k which is around 3-8m in naira is too small to be taken seriously … I guess that says more about your mindset

Dangote is looking for more money, so he established a whole refinery, not a filling station.

8m in naira could be a lot of money, but $2-5k in forex trading isn't a lot of money to a 3years consistently profitable trader you're looking for.

Anyone showing interest in taking that money from you isn't consistently profitable for a year yet not to talk of 3.

My advice for you is to go to darwinex website and as an investor, they have lots of very good traders there you can pick from after doing your own due diligence about their portfolio.

Use Google to read more about them if you're interested.

Manlinee:
Looking to Invest in a Forex Trader

Hey everyone …. I’m looking to invest somewhere between $2,000 to $5,000 with a forex trader who has at least 3 years of proven, consistent results. Ideally, someone who can show verified performance and has to be for 3 years and has a solid approach to risk management. and a professional approach to trading.

If you are an experienced trader… or can refer someone who fits this description… please feel free to reach out. I’m open to discussing , expectations, and potential partnership structures.

Let’s connect and explore the possibilities.

If a trader has been profitable for 3 years consecutively, do you think your 2-5k will entice such an individual to partner with you? It's just like looking for a virgin in a wh.ore house.

Been a long time here, good morning brothers of the RP.

Because you have the "best Mom" in the world doesn't mean your Dad had a good wife.
Read that again.

Because your sister is the best sibling ever doesn't mean her boyfriend or husband married a good wife.

The affection ladies/women show to their blood related family is different from the type given to their partner and his family .

If you're a friend to a lady, you might not see this transactional part of them too much, because their guards are down since you're not asking them out or trying to date them. The moment you bring relationship conversation into it, you'd know and see the true color of that angelic friend of yours.

When it comes to relationship between man and a woman, Men are in love, while the women are in business.

Make money, enough money, travel the world, create new hobbies for yourself but never ever make a mistake of falling in love with any woman. Reserve those love and affection for your kids verified by DNA.

This reminds me of an Instagram reel I saw a while ago, I wish nairaland allowed posting of short videos instead of images only.

Well, the video was about a lady telling a guy "if he wants his house clean, he should hire her a maid", that's she not his house help or whatnot.
The guy then replied, "I agree, I will hire the maid and I will marry the maid".
EOD, she had nothing left to say.

The thing there is, there's basically very little she can offer the man that the maid wouldn't offer as well, if not more than the spoilt brat.

In a nutshell, women are not in love with men, you're like a job to them, a means of survival. I don't how men are so blind to this simple and basic reality about their women they are in sexual relationship with.

They can't love you like your mom or your sis, they don't have the capability. It's how they are programmed.

LincolnOnyeabor:


Hello boss, did your second order later pick sir??

I'm awaiting for today's candle closure though.

And the Volume candle as well. Trust you had a lovely trading week sir.

Would love to hear from you sir.

I deleted the second order and broke even on the first one before yesterday's close like I said I would.

Unfortunately, price came back to retest that area and NFP flushed it to the upside. I'm done with it for now, will see what next week would do, that's if I'm still interested in shorting it.

LincolnOnyeabor:


I started with Trading view then deriv trading made me switch to mt5 and boyy ooo boyyy, it was glorious.

Mt5 is simpler to use than trading view.

But learning volume from iLegendd and my boss here geedot and I'm back to Trading view again.

Hello Lincoln, after our discussion on that Aussie last week, you made me interested in shorting even though I don't like swing trading anymore. Well, my first order has been picked, I'm still hoping price could go up and pick the remnant order and hopefully fall from there.
But you never can tell what price would do until it does it.

Tuesday daily candle already took out last week's high and got rejected as I anticipated, and with the NFP coming tomorrow. I'm hoping it helps with this trade. 50% order picked, will wait and see what the rest of the day does to know if to delete the second order and BE on this one. We'll see.

Shidinky:

Same margin has been used against barca this season
But u no get data that day

Some people are just bad losers. Always finding something or someone to blame. Pathetic if you asked me.

LincolnOnyeabor:
Hello geedot sir and iLegendd

Good day to you sirs.
Could you take a look at this please.

That last candle closed Buliish engulfing.

On the Volume bars, it closed red but it engulfed the other ones.

While the Volume delta showed that Buyers engulfed sellers.

Is that enough Confluence to look for buys on this asset??

Sorry it's a Forex pair please.

I'm just implementing what you bosses taught me.

Though this was in hindsight, but if I were to take this trade of yours, I'd enter long on that red candle close.

Reason 1: The tick volume was way too huge for that small move, that's telling you, there are some buyers holding the price from falling lower than it should with such huge volume bar.

2: The area it occurred, and time of the day it happened, at a freshly created .

3: You can see the delta volume closed as bullish even though the price closed as bearish. That's a divergence.

The thing there is most people like to wait for confirmation signal in price action before entering trades, they like to play it safe. That's how more than 90% traders trade, and more than 90% traders are losing traders.

Stop being scared waiting for confirmation candles, study volume long enough, and you'd usually see, volume precedes price, which means most time before price stalls, volume will have shown you already before that happens.

Secondly, only enter trades at and resistance areas and not just in the middle. Mark up your charts and don't pay attention to whatever happens until price gets to your marked up zones before you start looking for signals that an inflection point might have formed.

Lastly, don't trade the 4hr timeframe with volume, it gives conflicting signals, you might think volume is dying, meanwhile it's just the end of a session or midnight when logically most banks are closed around the world.

Use daily, weekly, the volume must have been aggregated, or trade during Asian, London or New York session only using the 1h, M30, M15 etc during those session period only.

This is a screenshot of a trade slightly identical to this UsdJpy I took this morning before London open on US30, selling volume was totally absorbed by the buyers, quick scalp, stoploss was below that low and TP @1.5×R. lasted less than 20 minutes and I was out. That was the only trade I took today.

Look at that delta volume bar before that one I put a vertical line. The selling volume was already dead, immediately I spotted that long selling delta and the price closed like a doji. That was the confirmation candle for me that buyers were present there. I didn't wait for any bullish candle close before entering, I knew we were due for some upward movement.

LincolnOnyeabor:


Alright boss. Writing this out on my notebook and going to work wihh it.

Thanks very much sir. Seeing how you've condensed this into the lower timeframe is marvelling.

Don Pato was all about thr higher timeframes.

If you could, take a look at AudUsd forex pairs on the Daily timeframe for me please.

I've seen the climax and absorption happen. It's exhaustion that I'm on the look out for.

Can't tell if I'm doing it correctly though

I've checked the Aussie out. The weekly timeframe showed weak selling delta, but price didn't tick down, instead Price closed higher than it did last week.

But the daily timeframe showed buying being the dominant order flow, even though they were minute, still they were able to push price up.

This type of market is not the type I would engage atm because the weekly and daily are currently diverging, I would rather wait till Wednesday to see what price would do and react. Next week is probably NFP week, that's the catalyst I expect them to use to create that imminent fall.

I don't like entering trade without having where to hide my stop from being taken out even though I'm certain of the price direction. I'm certain the Aussie will drop soon too, but how up would it go before it does?

If the buyers are able to push price above the current market price, lot of those on the short sides stoplosses would be hit which would add to the buy orders thereby creating the climax candle.

You don't want to be among those liquidated before the real move starts.

Would have shared the chart screenshot, but this is a crypto thread.

If I was initially long on this, I'd definitely add another position immediately I saw the second absorption took place.

This just confirmed, there are deep pockets at that zone. Their orders are huge enough to absorb whatever sell orders that pushed price down to it. Wear your seatbelt and prepare for the upward surge to the next resistance zone.

doyin01:


I love this

It's how the market is designed. Intra-day trading is basically and resistance. Just find out why they fail sometimes, and find out why they work sometimes. That's it. That's the holy grail.

You avoid those that don't have conditions of working out, and only engage those that have conditions of them working out.

SolBtc has showed that same pattern again. Delta is 95%+ buying, why is price rejecting at that resistance?

The only reason price rejects at a resistance zone and it doesn't show on the tick volume is majorly because the orders are limit/ive orders and not market orders. If the orders were aggressive/market orders, you'd see the delta also having a wick or rejection at the top of it.

If one takes a trade, show entry point, show exit point. Is that not enough as result?

Must I take screenshot of $30, $27 forex profit on a crypto thread to prove that I know how to trade.? Don't worry, on Monday, I will create a demo and start taking trades on them to come and show here as history.

Look at this another example, check the delta candles and compare them to the price candles, is there a diversion?

Was it a coincidence that whenever price have these rejection wicks but the delta is showing strong buy or sells, price always reverses?

Go to your chart and have a look yourself, practice and practice until hindsight becomes foresight.

What I'm sharing is worth thousand of dollars, I'm sharing with you what I know that took me months to unravel. Do with it what you may.

LincolnOnyeabor:


This Volume dey work fire!!!!

I've consumed all the videos and YouTube you sent boss.

It's boss geedot I'm awaiting this weekend.

Could I ask you a question or two sir?? I use the volume for forex trades not really crypto for now

Linc, check this out. To aid in your learning process. This is the concept of absorption in volume trading.

Delta is strong selling, but price is showing a rejection wick or even closing bullish. Something is not right, all those sells probably ran into wall of buying and they were consumed like sponge.

Price may go up to fill more sell orders and come back down to take them out, but this very moment, buyers have overcome sellers. So what I do most times with such scenario is breakeven as fast possible, because you don't know what the next few candles might do or not do.

LincolnOnyeabor:


Alright boss thanks very much.

One question please :

Don Pato is of the opinion that one takes trades from the daily time frame as this takes Cognizance of the the daily volumes across the different sessions and times of the market.

Are you of the same view also or what do you propose sir??

And lastly, if you could, take a look at Aud/usd charts on the daily time frame and tell me what you think boss.

Thanks very much for everything sir.

He opened my eyes to what one can do when you understand how the tick volume indicator works. I'm sorry but you ask so many questions I've already answered in my previous post if only you would just take your time to read.

I'm mostly active here on weekends, market reopens again tomorrow, and I might not be able to answer like I'm doing now till Friday again.

Don Pato believes the gap time that happens between change of sessions will affect some of the signal one gets. Which I explained to you already yesterday about how you take session times into consideration before making a decision, what time of the day are we? Is there any news coming up? What time of the session etc. I explained all these already, and you are just making me repeat them over again.


Don Pato trades the emini futures as an intra-day trader because they offer true volumes there, and only use forex as his savings because there's no real volume and that might affect the accuracy of his results.

You make that decision for yourself, are you comfortable swinging or day-trading?

Jamestown123:
This is looking like the distribution phase in the wycof law. Smart money's are preparing to sell their position in the market. I'm just saying sha, it's just something I just learnt, and also trying it out. But I'm happy I'm learning more from guru's here.

You know most of us are mostly doing the same thing, using whatever method we are good at to find a reason to make a trading decision at every point in time.

I just don't just like using too much rules or trying to complicate something that's meant to be a simple decision. Am I buying here or selling here? Why should I sell? Why should I buy? Is it better I stay out?

Whatever method is it you are learning, make sure it's the only thing you learn and be very proficient at it. That's all that matters.

LincolnOnyeabor:


I've been reading up on that link you sent from Forex Factory by Don Pato and he's saying that the Fx market doesn't have a Centralized exchange hence volume will differ from broker to broker.

Seeing as its mostly Gold, Nas 100 and Us30 with very little currencies I trade, how do we navigate this boss??

I'm still watching some YouTube videos to understand the concept of Volume better and know how to interpret it.

Thanks very much for this sir.

Tick volumes is usually the same accross most brokers, with little variations, that shouldn't affect the results too much. I've said the same thing in one of my previous posts here too, about Coinbase, and Binance tick volumes bar will have very minute variations, but that's it, it's usually very small or the same most of the time that it shouldn't cause too much confusion.

Bet9jaVirtual:


Can you show us trading history?
I'm feeling motivated to try again

Do you know what it means to have 99.9% win rate? You are a pathetic liar

Some say na $10
Some say na $20
Some say na $50.

My brother which one u choose oooo

Had to check now and saw that I already said I wouldn't reply you again, didn't know you were the same person. Please forgive me for the very last time for replying you.

About the bolded part, you're right, I've been lying all these while. Can you move along now please?

Bet9jaVirtual:


Can you show us trading history?
I'm feeling motivated to try again

Towards what purpose if I may ask?

LincolnOnyeabor:


Alright my boss. Thanks so very much sir.

That last line about keeping an open mind I will have to work well on.

One last question for now sir: in the past, you were praising Peter's trading style.

Do you trade like that or you evolved??

Yeah, those were time I was still a swing trader trying to trade like a bank, my strategy wasn't the thing making money then, but my risk management. Focusing on high Risk to Reward to cover for the series of losses. At least equity was increasing and that was all that mattered.

Until I encountered those that had 50winning streaks without losing for months sometimes. Then I knew I had to change how I've been accustomed to see trading. It wasn't easy trying to unlearn, but that was exactly what I did.

I'm a better trader now than I used to be, majorly because of those I now look up to. When you see people making $100k+ every day without a losing day for weeks and these same set of people were not even making money consistently two years ago, you would know you are still a very poor trader.

There was this guy that was so good that he would even tell you what to do 6hours prior, and that's exactly what would happen. He even predicts a week price action down sometimes and he won them all. You'd see people, extremely intelligent people that you'd be forced to buckle up.

When someone is telling you what will happen next week irrespective of news event for that week, and yet he already knew what would happen prior and it happened exactly as he said. Would you blame me if I don't believe fundamental guys that said news moves the market?

I've read things too much in the trading world that are in direct conflict with what I knew initially. I had to find a way to resolve it within myself and keep it to myself.
The market is an Algo and some people are truly blessed that they don't even use any indicator, they don't even use tradingview but mt4 only and have crazy accuracy that Instagram mentors would tell you is not real.

LincolnOnyeabor:


Alright boss.

Getting to work this weekend.

As You take your trades mostly from the 5m time frame and knowing that price is fractal, I take trades mostly from the 15mins time frame.

It works right??

Will have to buy a new long note for this exclusively.

Please, Hope I can still come to you from time to time boss if I have any questions sir.

Thanks very much for this.

Most of what you could possibly ask me are what I must have already said in my past posts. Just take your time because it takes a lot of time to get good at anything.

So for you just starting with volume, it will take time like any other thing one wants to get good at.

You can use any timeframe, as long as you know what you are looking for. And don't make the mistake of having a bias on where price should or would go, that mistake will make you start looking only for buys or sells and your brain would start looking for only clues that s that bias even if something else is about to happen in your eyes.

Have you ever wondered, when you start focusing your attention on a particular type of car, that's when you start seeing that car everywhere you go? Keep your mind and brain free of any bias whatsoever daily, what's happening now, right now? Price gets to a resistance, don't start looking for selling signals, let it show you it wants to sell before you make that decision.

LincolnOnyeabor:


Presently, I trade Gold, Nas 100 and Us30. And Deriv!

Currencies have been a violent tempest ever since Trump came in.

I will use this weekend to back test this stuff and see how it works in the markets from Tuesday.

Any material or YouTube channel you could provide to further my studies please??

I'd really appreciate it Sir.

To start with, now you've added the indicator, watch what happens everytime price reverses, watch what the indicator looks like everytime price reverses.

You'd usually see the selling or buying pressure reduces before price turns, not all the time, but most of the time. When you've seen it happen 1000times in backtesting, when you see it about to happen in a live market, you can then take advantage of it.

It won't happen overnight, you need hundreds of hours to really build trust to make use of it with confidence. Not so many people will short a bullish candle close, but that's what I do most of the time because I've seen it happen so many times that whenever volume is dead, price usually turns.

Now you need element of time, you just don't long or short whenever volume is dead, where is it happening[previous and resistance], what time of the day are we?

Is there news coming up? What time of the session are we? Are we about entering a new session? All these have to correlate with the volume indicator so you don't make wrong decisions.

New York session opens 1pm Nigerian time, it's very normal the volume indicator would start printing weak candles because of the low activity that happens around 12pm-1pm, if you feel this is an exhaustion signal, you're wrong because New York might just open and decided to continue moving price towards the same direction.

What time is the news? You can't enter a trade with the hope of news pushing it to your desired destination as a day trader, do you know whatever nonsense the news might contain? It could be for or against your position and before you know it, the order flow inverses and you're left holding the bag.

Those are the ones I can for now, Ilegend shared some videos on volume indicator sometime this week or last, you might want to check them out as they are pretty short and easily understandable.

Ebus03:


Price itself is a lagging indicator. I think this is one of the best lessons i have learned in forex trading.

You are right about this, if you want to see this happening live, just watch what happens in your chart during high volatile moments like during a news release, you'd see your chart squeezing right in front of your eyes as price moves up or down at a very fast pace.

That's why I don't make use of the auto screen function on tradingview because it doesn't allow you see how price has changed in volatility in previous days.