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)
make it to Hall of Fame Top Downloads of all time, yowza! Do try a longer length, say 500, at the minimum it saves you time to draw horz lines yourself.
I just took a look at it on ES 2 min chart. What I have notice:
- When two bars are back to back, often, the next move is a relatively big one
- The first bar after market is worth trading. Could be 6:32 or could be later around 6:50. Sometimes there is head fake(VolumeStop s/r broken), but if we use another price indicator such as an MA to confirm, the next move in the direction of the VolumeStop bar is a great one.
I added the volume stop to my charts (Euro & CL 9 range) and it's very interesting. I'm curious how you all are using it in your trading? I mainly trade breakouts of pullbacks and trading ranges. I see the volume stop often pinpoints the low of the pullback or trading range. I used to trade counter-trend picking off these turning points and it seems the volume stop idea could be used for counter-trend trading like this.
ok, looks like you want some rules, some set ups, you got it!
note in chart I added TRIX indicator twice, one to the lower panel and one to the chart to color the back ground note: auto scale set to false.
during the pink time treat all dot lines as support lines, you look for b/d and the trigger is when a bar closes below the dots. during the blue time treat all dot lines as resistant lines, look for b/o and the trigger is when a bar closes above the dots.