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I imagine they should also work on volume charts.....as the concept of why they work or what they represent is valid.....an amount of volume makes a big move (decision) and the same amount of volume consolidates within the previous bar (indecision)....same for OB, and RB
I put the THREE SETUPS to a 6E test this morning @ 10:15am (GMT+1) on NT7b17 (my first trade of the day) and the result is of great interest to me (see attached screen shot). I also did a live real-time recording of the trade which I'll later post in my thread here.
You will observe that the trade was taken just at the beginning of NO TradingTime zone; I'll need to adjust my TradingTime zone because 10:30am is just two and half hours after London Open and could be active for me to trade 6E.
As you will notice, my chart has some flavor of GOMVolumeLadder. I want to explore how THREE SETUPS can integrate with GOMVolumeLadder.
Thanks for this thread. I've been sim trading this with solid results over the past few days, after completely striking out trying to trade CL on lower timeframes.
One tweak to the system that's worked for me is to trade 3 contracts, with profit targets of 8 and 16 ticks on the first two and the third contract as a "runner" designed to catch larger moves. I don't have a mechanical system for this third contract but have just been manually trailing stops.