Are you finding my training useful? Let me know! Your questions and feedback help me to fill in holes and generate new ideas for future videos. It's greatly appreciated!
I´m enjoying your training, nice speech! As you said, in the volume example, i´m trying to find examples of volume increase but it seems it´s not always that way, there can be variations, right? I was checking on the 30m time frame. Keep up the great work!
Very useful. The detail at which you go into each step so I better understand the logic behind why this will help find context is just what I need. Thank you.
Thank you! On higher time frames you won't see it often unless it's news related due to the fact that the majority of the volume is going to be at the open and close. For higher timeframes use a relative volume indicator.@@azaxy
Again your videos are everything I need right now 2yrs and 3 months in. Very clear, consistent, concise educational videos. Love the HIGHLIGHTS. Thank you
My man i have been a struggle trader for almost 4 years now and everything you said was like a click for me. When you combined volume and enter and exit of market particapants, it makes prefect sense. I think i have looked at the market wrong for this whole time. Trading the market is just like a research study on the market particants and we are tring to use their past data to forcast their future behavior.
Thank you for producing your content I am enjoying it and you explain it very well! I'm excited to see more of your future videos and learn more about volume profiles in your next video!
i have promised you to follow you guidence on paper trading & developing a play book ...i am doing it & now i got time to bereath and improved my patience and trading . thank you sir :)
Your content is pure gold Adam. I've seen your youtube videos multiple times and read everything in your blog. I must say that those who may find you at the beginning of their trading journey are extremely lucky. No misguidance here and no unnecessary information. This alone means a few years and probably a few accounts saved. I wish you keep publishing your invaluable content. Cheers man!
These are amazing, I got worried for a bit when i didn't see videos posted after you announced your course and then youtube never showed me your channel again!
Love your way of explaining things! Just want to make sure I have the difference between capitulation and breakout volume correct. The main difference is in capitulation... high volume occurs after a large quick move on the same side of the move; for example higher than the relative sells after a quick downside move or buys after a quick upside move. Breakout is confirmed with volume when high volume occurs in the direction of the break of a key level after consolidation. Thanks again
After 24th time blowing my capital I watched your all vedio And restart my trading journey thank you for giving us amazing informative vedio Please upload more vedios with details
@@JumpstartTrading just a suggestion: You are using the Sure sm7b. This is an excellent mic, but needs a lot of gain, to be loud enough in the recording, if you are not very close. I think your audio is not loud enough. You can solve that problem either with a cloudlifter or put the mic closer to your mouth or by using an audio interface with more gain. Keep up with the good work!
@@JumpstartTrading Do not worry. All this technical stuff is really confusing. Audio quality is a science for itself. But as far as I can see, you have already a very professional setup. I think in the long run you need a forum platform to keep up with all the comments the more your channel is growing. Discord and Telegram is a nightmare to run as an admin and knowledge gets lost because of the way both works by design. I will see whether I can support you (for free). I do this as a profession. You do not want to get stuck in your growth because of little technical banalaties.
I greatly appreciate it but I had a discord channel and a live trade room back when i was trading. I decided all I want to do is focus on RUclips. This is something I do purely do for enjoyment. I don't want to allow it to become a full fledged business, just not something I'm looking for at this point in my life. @dirks.3797
I just visited your blog and am following you on RUclips I want to learn as much as I can from you to trade using Volume profile methodology. Thank you so much
I LOVE your teaching style, so followable and well scripted. Being a nerdy swat am doing as directed and putting in some screen time to find examples to confirm trend, find breakouts/fakeouts, and reversals. So far so good. I am a TradingView user starting out with Forex. Was wondering if you were aware of an indicator of theirs that works like your MW Relative Volume (10, 10) please? I have looked at a few, but there are a lot and I am not quite sure what attributes I ought to be looking for... I hope my antipodean note finds you well and happy in the US of A :)
Amazing how in less than 10 minutes you are able to explain with simplicity the true reason behind markets moves compared to all those youtubers with 30 minutes videos and nothing really useful explained. May i ask what timeframe you using in the video? Is it tick chart? and what size? Thanks.
These trainings are very well done. Every one is full of great content and a great investment of time. QUESTION - Do you have a video on how to get screen time and how to be effective with it?
Thank you Aaron! I have a video planned on backtesting and sim trading later in the course. I apologize, life definitely got in the way of me making any videos. I hope to start working on some very soon.
I made a comment on your volume profile video ( very good contempt as I said ) but for my 1 min eur/usd scalping strategy I personally find it easier to implement this type of volume indiator than the volume profile on real time even if volume profile is probably a more powerful tool but as I said was unable to use it efficiently
on MT4 I use what they called hidden gap volume indicator with price action , I do add the VWAP and a filter with 10 MA , 1 min eur/usd @@JumpstartTrading
Your explanation style is amazing, wrapping everything needed perfectly and in logical sequencing, Keep it up ❤. I have a question pls, Im coming to Futures from Trading view & MT5 which I consider very easy to use with respect to Ninja & IB and others.. Which Futures platforms do u best recommend which have nice and practical ( not complicated) display? thanks
Everyone has their own opinions but I used MotiveWave for 3 years and Sierra Charts for close to 10. However, both of them are much more complex than TV or MT5 and will take time to learn.
The algos/smart money can manipulate price, but not volume. Volume is a crucial element of day trading/scalp trading. I tried scalp trading for some time on demo without any form of indicators/volume confirmations, and so far I think it is inferior to volume based trading, in my experience.
I've always used a 21 SMA. Yet I trade on really short time frames. When you get to a 5 minute or 15 minute chart you're probably better off comparing volume to the most recent closed bars due to the face that volume will naturally drop a lot after the open. Considering a moving average is going to be lagging a lot, you won't see many breaks.
I have been trading for the last 2 years but am starting to get some insight now learning by myself and from RUclips videos. I must say the insight you have provided will improve my stock selection and holding period for sure. Thank you❤ You got one subscriber. Keep posting such insightful videos.
I'm looking at 2:00 where you said you like to add a moving average to the daily volume indicator "to easily spot higher than average volume". Is the MA showing volume as well? - The last bar of the Volume Indicator(on top) shows more volume than the previous day. But the MA indicator on bottom shows the last bar as having less volume than the previous MA bar. - Am I looking at this the wrong way? Thanks.
HI,I hope you see this message, i have found your videos extremely helpful and have signed up to your new letter , however I’m finding difficult to download the google files, the files inside the folder Mixtivewave template doesn’t come up as a downloadable file Many thanks
I’ve never used it. The main things I would want are volume profiles, cumulative delta, ability to connect DxFeed or IQFeed, and you’re going to want a good market replay.
which one of the following do you recommend for a beginner as MotiveWave provides four environments: 1 Community 2 Standard 3 OrderFlow 4 Pro is 1 sufficient in the beginning?
Personally I have Pro but if you're a beginner I wouldn't be spending money at this point. Edgeclear offers it for free if you end up using them for a broker. Optimus Futures offers Quantower. Demo and see what you like and when you eventually choose a broker you can save some money.
Which one should I demo first given that I have my account with EightCap and I trade either Nasdaq or EURUSD, zero knowledge of options/futures. I have heard of these footprints charts from you only for the first time hence i have no clue which one works for what and how
How useful is volume when trading Fx considering it's a decentralised OTC market? I've seen a 2013 paper suggesting 90% correlation between tick volume and actual volume. When I backtest though I don't see that much of a correlation. Can tick volume confidently be used as a surrogate for actual volume on an ECN brokergae platform?
That's a great question and one I've often wondered. You could reach out to a data provider and see what they say, but you're never going to find the perfect answer.
😂 No clue on brand or exact color but it’s black. It has led lights built into it which are set to green when I record. That may throw off the color a bit.
Can someone please confirm if my understanding is correct? For example, the red volume bar mean there was more sell off transaction than buying transaction on a specify time period, doesn't it? Thanks.
it would be more helpful if you could you the backtesting or in trading view REPLY and show us in a random replay. how you would use that info that you are presenting because seeing the whole chart anybody can teach but in a random scenario I would llike you to see it and teach it
I will get more into strategies and development later in the course. These videos are meant to simply help teach context and begin to build a basis. I'm not outlining an actual strategy in the video.
You can often see "new shorts" and "new longs" statistics on various platforms. I was wondering if they concern contracts and the contract is concluded by two parties (short and long), shouldn't there be equal amounts of them? A long position, for example, may be entered into with a short position or taken from another long position. If we see a disparity in the number of new longs and shorts in favor of the longs, does this mean that some players closed their positions and at the same time a large number of new market participants took over these positions? And in this case their breakeven point will be "high" - at current levels? And is it really a pro-growth signal in such a case? I would like to hear more about this mechanics.
I'm not familiar with any platforms personally. I guess it could be done on an institutional level. You have to remember that the other side of a buy order could just be someone selling out of their long position, it's not necessarily a short... You also wouldn't know if it's an intraday trader or a other time frame participant which would be a major factor.
Great video again, thanks Adam! Question: I would think that when trading in the moment, reading volume will be more difficult because by the time you realize that there was a lot of volume that traded at a particular price then you probably missed out on the action. And expecting more volume on the next 1 or even 5 minute timeframe could be the wrong if you enter a trade when the move is over. I think there were a few examples in the capitulation section of your video where we see a huge volume in one direction and then followed by a move in the opposite direction. Based on this, do you think reacting to what already happened based on volume (alone or along with other factors) might have flaws that can impede a sustainable trading strategy given the empirical fact (backed by a lot of scientific research papers) that markets could be very random on very short timeframes? I hope my question makes sense to you. Hope to hear from you.
Hi Sam, thanks for the kind words. I use volume to build context, not as a stand alone strategy. Has it ever been used as a stand alone strategy before by traders? Sure. Example... If you're focused on news driven stocks and playing breakout setups with the proper R values, you could be profitable. In the examples in the video, you would be playing the actual breakout on higher volume. You wouldn't wait for multiple bars, or as you said you might be getting in at the end of a move. The markets are far from random on short timeframes. I had a very successful career trading on extremely short time frames (typically 30 seconds and lower). That or I was the luckiest man on earth for 20 years :) The problem with most papers done on random walk etc... is their results are all biased due to the data that they're analyzing. I'm sure if you're just analyzing price, moving averages, and other lagging indicators, it's going to look very random. Obviously this isn't the case or there wouldn't be any successful traders over the long run. With that being said, the outcome of a single trade will always be "random" or based on luck due to the fact that it only takes one trader to turn a winner into a loss and vice versa. Only over a series of trades will an edge produce results with any sort of reliable accuracy.
@@JumpstartTrading Thanks a lot for your comprehensive response Adam. Using volume as a tool to build context totally makes sense. I agree with you that saying that the markets being completely “random” maybe is an over generalization. I assume that maybe means that anything can happen with just one player making a different decision - leading to other players adjusting their positions, just as you said. But after I spent some time reading and observing the order book, a lot of times it makes me wonder: “why would anyone buy (or sell) an asset at such a high (or low) price even after we just had a rally (or sell off) that just had its last leg”. Which is why I believe that there is some degree of randomness in the markets. So far the only time I can be sure that the market would definitely move in a particular direction is when there is an economic news or some kind of information that might make players take action. But hopefully the more I learn about the behaviours of different players I will be able to filter out the “noise” even when there is no economic news. I would assume this is why you emphasize on the point that: “context is like the CEO in trading.” I’m sure you must have been through some really rigorous training and learning process - I don’t think it’s possible to get lucky for 20 years haha :) But I really appreciate you sharing your knowledge with all of us. Love all your content so far and I look forward to future posts! Thank you!
Where can you get correct volume. I once openned same pair chart with 3 different brokers and volumes were different though candles and prices were same
I do get data from tradingveiw for example if I choose my favourite which is XAUUSD mostly on tradingveiw it's shows broker names OANDA, FXCM , icmarkets, , vintage markets etc etc. all these charts have got same price movements but volumes will be different digitally. For example in 1 hour candle one will recording 18.9 K . Another 57k another 9 K and it becomes confusing. Which broker has got volumes that do Really matter
@ hmmm that’s a great question I’m not sure as why it would be different, I use Oanda to trade forex and I haven’t had any issues with volume on their platform. Only thing I think it could be is one broker is getting buy/sell orders faster than the next
@ and I don’t tend to pay attention to the contracts, I look at the price action along with volume, if you see two reversal candlesticks with high volume it typically is a good entry signal
Big thx for the vid. Quick one, do you always use mkt order to entry as I found limit would just too uncertain to grasp the opportunity for day trading. Thx ❤
Yahoo doesn't have it. I'm not aware of any free services that would provide it unfortunately. You would need something like MotiveWave, Sierra Charts, or Quantower.
Yes, considering you would be analyzing charts of the underlying asset. I have a video on AMT in the course already. The concepts will be relevant and brought up again throughout the entire course. Thank you for watching and the comment!
Can you prove that you are a professional trader? there are way too many wannabes who just do that here to gain money from youtube. Where is your name and track record of your trading success?
@@JumpstartTrading it is becoming difficult to differentiate these days when the physical video quality is improving everyday and on the other hand, the AI is approaching towards physical reality
One could argue that Dark Pools and Gray Pools have made volume less of an edge than it was in the past. However, for stocks with short term catalysts, volume would still be valid because large trades would placed based upon the catalyst and not made at a previous time that would be revealed 24 hours later... unless an institution has inside information, and front runs the market, of course. But we all know that never happens.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Are you finding my training useful? Let me know!
Your questions and feedback help me to fill in holes and generate new ideas for future videos. It's greatly appreciated!
I´m enjoying your training, nice speech! As you said, in the volume example, i´m trying to find examples of volume increase but it seems it´s not always that way, there can be variations, right? I was checking on the 30m time frame.
Keep up the great work!
Very useful. The detail at which you go into each step so I better understand the logic behind why this will help find context is just what I need. Thank you.
Absolutely! Using volume the you`ve taught is making other things click together for me. Successful trade percentage going up. Thanks!
can you make a video showing your motive wave setup?
Thank you! On higher time frames you won't see it often unless it's news related due to the fact that the majority of the volume is going to be at the open and close. For higher timeframes use a relative volume indicator.@@azaxy
Again your videos are everything I need right now 2yrs and 3 months in. Very clear, consistent, concise educational videos. Love the HIGHLIGHTS. Thank you
You're very welcome! Thank you for the compliment!
My man i have been a struggle trader for almost 4 years now and everything you said was like a click for me. When you combined volume and enter and exit of market particapants, it makes prefect sense. I think i have looked at the market wrong for this whole time. Trading the market is just like a research study on the market particants and we are tring to use their past data to forcast their future behavior.
Thank you for producing your content I am enjoying it and you explain it very well! I'm excited to see more of your future videos and learn more about volume profiles in your next video!
Thank you for watching and leaving a comment! Greatly appreciated!
So good! Clear and concise. Thanks for doing this Adam.
@user-my1nl6wr5v My pleasure! Thanks for watching and the kind words!
i have promised you to follow you guidence on paper trading & developing a play book ...i am doing it & now i got time to bereath and improved my patience and trading . thank you sir :)
Keep it up! Thanks for watching and the comment!
Your content is pure gold Adam. I've seen your youtube videos multiple times and read everything in your blog. I must say that those who may find you at the beginning of their trading journey are extremely lucky. No misguidance here and no unnecessary information. This alone means a few years and probably a few accounts saved. I wish you keep publishing your invaluable content. Cheers man!
Thank you for all of your hard work in putting this together. Your teaching style is incredible. Thanks Again
You're very welcome! I greatly appreciate you taking the time to watch and leave a comment.
These are amazing, I got worried for a bit when i didn't see videos posted after you announced your course and then youtube never showed me your channel again!
If you subscribe and turn on notifications you will receive an alert when I post a new video. I appreciate the kind words and the comment!
@@JumpstartTrading Alerts are on now :) keep up the fantastic work!!
Awesome! Thank you I will. Stay tuned.
Learning so much from your videos. Am always waiting for the next video to come out to learn more
I'm glad you're finding them beneficial! Thanks for watching and leaving a comment!
I am so happy to find this channel. Thank you so much Adam for sharing your great experience and knowledge.
My pleasure! Thank you for taking the time out of your day to leave a comment!
Love your way of explaining things! Just want to make sure I have the difference between capitulation and breakout volume correct. The main difference is in capitulation... high volume occurs after a large quick move on the same side of the move; for example higher than the relative sells after a quick downside move or buys after a quick upside move. Breakout is confirmed with volume when high volume occurs in the direction of the break of a key level after consolidation. Thanks again
You are correct. Capitulation should be a noticeably higher volume amount though.
Excellent overview of volume analysis. Thank you for putting this together and sharing.
My pleasure! Thanks for watching and taking the time to leave a comment!
After 24th time blowing my capital I watched your all vedio
And restart my trading journey thank you for giving us amazing informative vedio
Please upload more vedios with details
always waited for your video sir. Clearly explain, superb video editing and no bs. You are my favorite content creator in trading by far!
Thanks a ton for the kind words. Truly appreciated.
Awesome! Definitely the best teacher/mentor on RUclips!👏🏾🙏🏾
Thanks again!
Wow! This is the best video I've seen on volume analysis. More please.
Thank you! Will do!
Thanks!
Wow thank you Gary! Greatly appreciated. I wish you good health and success in 2024!
Just passing by to say that your lessons are always valuable. Please don't stop. Greetings from Brazil.
Thanks, will do!
Thank you for this great series of videos!
WOW thank you Dirk! That's really cool of you. More coming soon!
@@JumpstartTrading just a suggestion: You are using the Sure sm7b. This is an excellent mic, but needs a lot of gain, to be loud enough in the recording, if you are not very close. I think your audio is not loud enough. You can solve that problem either with a cloudlifter or put the mic closer to your mouth or by using an audio interface with more gain. Keep up with the good work!
Thank you for the suggestion! Still trying to figure all this stuff out!
@@JumpstartTrading Do not worry. All this technical stuff is really confusing. Audio quality is a science for itself. But as far as I can see, you have already a very professional setup. I think in the long run you need a forum platform to keep up with all the comments the more your channel is growing. Discord and Telegram is a nightmare to run as an admin and knowledge gets lost because of the way both works by design. I will see whether I can support you (for free). I do this as a profession. You do not want to get stuck in your growth because of little technical banalaties.
I greatly appreciate it but I had a discord channel and a live trade room back when i was trading. I decided all I want to do is focus on RUclips. This is something I do purely do for enjoyment. I don't want to allow it to become a full fledged business, just not something I'm looking for at this point in my life. @dirks.3797
I just visited your blog and am following you on RUclips I want to learn as much as I can from you to trade using Volume profile methodology. Thank you so much
You're very welcome Michael! Thank you for the comment!
thanks for all your hard work !
My pleasure! Thanks for watching and leaving the comment!
2 videos in same day, it must be x'mas boxing day offer. Big thx for the details, can't wait for the next one
😂 trying to pick it up a bit! Thanks for the comment and watching!
I LOVE your teaching style, so followable and well scripted. Being a nerdy swat am doing as directed and putting in some screen time to find examples to confirm trend, find breakouts/fakeouts, and reversals. So far so good. I am a TradingView user starting out with Forex. Was wondering if you were aware of an indicator of theirs that works like your MW Relative Volume (10, 10) please? I have looked at a few, but there are a lot and I am not quite sure what attributes I ought to be looking for... I hope my antipodean note finds you well and happy in the US of A :)
Wow thank you for the kind words! Truly appreciated. Unfortunately I can't help with your question as I've barely have used TradingView.
This marks the beginning of incorporating Volume analysis in my trading strategy. Thank you, Sir! 🌻
You're welcome Tosh!
Thanks Adam. Keep the information coming!
You bet! Thanks for watching and the comment!
Pretty neat! Thank you very much for the precise, clear and understandable content!
I greatly appreciate the feedback! You're very welcome!
Amazing how in less than 10 minutes you are able to explain with simplicity the true reason behind markets moves compared to all those youtubers with 30 minutes videos and nothing really useful explained.
May i ask what timeframe you using in the video? Is it tick chart? and what size?
Thanks.
Thank you for all the amazing content. We want more from you, we miss you🙏
I apologize, life got in the way. I plan on getting some new videos done soon.
These trainings are very well done. Every one is full of great content and a great investment of time.
QUESTION - Do you have a video on how to get screen time and how to be effective with it?
Thank you Aaron! I have a video planned on backtesting and sim trading later in the course. I apologize, life definitely got in the way of me making any videos. I hope to start working on some very soon.
I made a comment on your volume profile video ( very good contempt as I said ) but for my 1 min eur/usd scalping strategy I personally find it easier to implement this type of volume indiator than the volume profile on real time even if volume profile is probably a more powerful tool but as I said was unable to use it efficiently
It will take a lot of screen time to learn how to use it. A simple volume indicator is also very powerful. Thank you for the comment!
on MT4 I use what they called hidden gap volume indicator with price action , I do add the VWAP and a filter with 10 MA , 1 min eur/usd @@JumpstartTrading
Thanks for sharing!
Damm , you are a very good teacher. Impressive 🎉
Thank you for the kind words! Truly appreciated.
Thank you very much ,Adam! Very useful video👍
You're very welcome Jeff. Thank you for the comment!
Amazing video ❤❤. What time is this the one volume in the bottom?
You are giving examples of after the move has occurred. I am trying to find some way to find what will happen as the price approaches a certain level.
Understood. More to come in the course!
Your explanation style is amazing, wrapping everything needed perfectly and in logical sequencing, Keep it up ❤. I have a question pls, Im coming to Futures from Trading view & MT5 which I consider very easy to use with respect to Ninja & IB and others.. Which Futures platforms do u best recommend which have nice and practical ( not complicated) display? thanks
Everyone has their own opinions but I used MotiveWave for 3 years and Sierra Charts for close to 10. However, both of them are much more complex than TV or MT5 and will take time to learn.
I can not believe this men is amazing teaching style in trading
Thank you for watching and leaving a comment! Greatly appreciated!
The algos/smart money can manipulate price, but not volume. Volume is a crucial element of day trading/scalp trading. I tried scalp trading for some time on demo without any form of indicators/volume confirmations, and so far I think it is inferior to volume based trading, in my experience.
This is a great video! Thanks!
I learn a lot today. Thanks
You’re very welcome! Thanks for the comment! 💪
Just phenomenal 🤩
Thank you!!!!🙏
THANK YOU LOTS!
You're welcome!
What period MA should we use on volume for scalping breakouts on a 5 or 15 minute timeframe?
I've always used a 21 SMA. Yet I trade on really short time frames. When you get to a 5 minute or 15 minute chart you're probably better off comparing volume to the most recent closed bars due to the face that volume will naturally drop a lot after the open. Considering a moving average is going to be lagging a lot, you won't see many breaks.
I have been trading for the last 2 years but am starting to get some insight now learning by myself and from RUclips videos. I must say the insight you have provided will improve my stock selection and holding period for sure.
Thank you❤
You got one subscriber.
Keep posting such insightful videos.
Glad to hear! Thanks for taking the time to leave a comment.
I'm looking at 2:00 where you said you like to add a moving average to the daily volume indicator "to easily spot higher than average volume". Is the MA showing volume as well? - The last bar of the Volume Indicator(on top) shows more volume than the previous day. But the MA indicator on bottom shows the last bar as having less volume than the previous MA bar. - Am I looking at this the wrong way? Thanks.
The moving average is showing the average volume traded for the last 20 days. Takes total volume for the past 20 days and divides it by 20.
Knowledgeable video 🎉🎉 sir.
Thank you!
Thank you
You're welcome Jerome! Thanks for taking the time out of your day to leave a comment!
please make an video about ur chart templates indicator u use how to add same indicators that u use
it will help many other people
I use MotiveWave. If you sign up for my newsletter on my website you can download my chart templates. www.jumpstarttrading.com/insider/
HI,I hope you see this message, i have found your videos extremely helpful and have signed up to your new letter , however I’m finding difficult to download the google files, the files inside the folder Mixtivewave template doesn’t come up as a downloadable file Many thanks
Is ATAS a good platform to use?
If I wasn’t using Quantower already, I would definitely go for ATAS. Very powerful and not as outdated as SierraChart.
Yes
I’ve never used it. The main things I would want are volume profiles, cumulative delta, ability to connect DxFeed or IQFeed, and you’re going to want a good market replay.
Thanks for the help!
Thanks for the help!
which one of the following do you recommend for a beginner as MotiveWave provides four environments:
1 Community
2 Standard
3 OrderFlow
4 Pro
is 1 sufficient in the beginning?
Personally I have Pro but if you're a beginner I wouldn't be spending money at this point. Edgeclear offers it for free if you end up using them for a broker. Optimus Futures offers Quantower. Demo and see what you like and when you eventually choose a broker you can save some money.
Which one should I demo first given that I have my account with EightCap and I trade either Nasdaq or EURUSD,
zero knowledge of options/futures.
I have heard of these footprints charts from you only for the first time hence i have no clue which one works for what and how
Personally I would give MotiveWave a shot.
Again, Thank You...
amazing teaching
Greatly appreciated. Thanks for watching and taking the time to leave a comment!
How useful is volume when trading Fx considering it's a decentralised OTC market? I've seen a 2013 paper suggesting 90% correlation between tick volume and actual volume. When I backtest though I don't see that much of a correlation. Can tick volume confidently be used as a surrogate for actual volume on an ECN brokergae platform?
That's a great question and one I've often wondered. You could reach out to a data provider and see what they say, but you're never going to find the perfect answer.
Thanks for great content
Thanks for watching and the comments!
I have one question for now…what’s the color and paint brand of your background?😁
😂 No clue on brand or exact color but it’s black. It has led lights built into it which are set to green when I record. That may throw off the color a bit.
Can someone please confirm if my understanding is correct? For example, the red volume bar mean there was more sell off transaction than buying transaction on a specify time period, doesn't it? Thanks.
In the examples in this video, no. The volume candles are green if price closed positive for that candle, red if it closed negative.
it would be more helpful if you could you the backtesting or in trading view REPLY and show us in a random replay. how you would use that info that you are presenting
because seeing the whole chart anybody can teach but in a random scenario I would llike you to see it and teach it
I will get more into strategies and development later in the course. These videos are meant to simply help teach context and begin to build a basis. I'm not outlining an actual strategy in the video.
You can often see "new shorts" and "new longs" statistics on various platforms. I was wondering if they concern contracts and the contract is concluded by two parties (short and long), shouldn't there be equal amounts of them? A long position, for example, may be entered into with a short position or taken from another long position. If we see a disparity in the number of new longs and shorts in favor of the longs, does this mean that some players closed their positions and at the same time a large number of new market participants took over these positions? And in this case their breakeven point will be "high" - at current levels? And is it really a pro-growth signal in such a case? I would like to hear more about this mechanics.
I'm not familiar with any platforms personally. I guess it could be done on an institutional level. You have to remember that the other side of a buy order could just be someone selling out of their long position, it's not necessarily a short...
You also wouldn't know if it's an intraday trader or a other time frame participant which would be a major factor.
@@JumpstartTrading Yes, I see. I thought that way too. Thanks for an answer.
@thejumpingfish7354 Of course! Thanks for watching and the comment!
Great video again, thanks Adam!
Question: I would think that when trading in the moment, reading volume will be more difficult because by the time you realize that there was a lot of volume that traded at a particular price then you probably missed out on the action. And expecting more volume on the next 1 or even 5 minute timeframe could be the wrong if you enter a trade when the move is over. I think there were a few examples in the capitulation section of your video where we see a huge volume in one direction and then followed by a move in the opposite direction. Based on this, do you think reacting to what already happened based on volume (alone or along with other factors) might have flaws that can impede a sustainable trading strategy given the empirical fact (backed by a lot of scientific research papers) that markets could be very random on very short timeframes?
I hope my question makes sense to you. Hope to hear from you.
Hi Sam, thanks for the kind words.
I use volume to build context, not as a stand alone strategy. Has it ever been used as a stand alone strategy before by traders? Sure.
Example... If you're focused on news driven stocks and playing breakout setups with the proper R values, you could be profitable. In the examples in the video, you would be playing the actual breakout on higher volume. You wouldn't wait for multiple bars, or as you said you might be getting in at the end of a move.
The markets are far from random on short timeframes. I had a very successful career trading on extremely short time frames (typically 30 seconds and lower). That or I was the luckiest man on earth for 20 years :)
The problem with most papers done on random walk etc... is their results are all biased due to the data that they're analyzing. I'm sure if you're just analyzing price, moving averages, and other lagging indicators, it's going to look very random. Obviously this isn't the case or there wouldn't be any successful traders over the long run.
With that being said, the outcome of a single trade will always be "random" or based on luck due to the fact that it only takes one trader to turn a winner into a loss and vice versa. Only over a series of trades will an edge produce results with any sort of reliable accuracy.
@@JumpstartTrading
Thanks a lot for your comprehensive response Adam. Using volume as a tool to build context totally makes sense.
I agree with you that saying that the markets being completely “random” maybe is an over generalization. I assume that maybe means that anything can happen with just one player making a different decision - leading to other players adjusting their positions, just as you said.
But after I spent some time reading and observing the order book, a lot of times it makes me wonder: “why would anyone buy (or sell) an asset at such a high (or low) price even after we just had a rally (or sell off) that just had its last leg”. Which is why I believe that there is some degree of randomness in the markets. So far the only time I can be sure that the market would definitely move in a particular direction is when there is an economic news or some kind of information that might make players take action. But hopefully the more I learn about the behaviours of different players I will be able to filter out the “noise” even when there is no economic news. I would assume this is why you emphasize on the point that: “context is like the CEO in trading.”
I’m sure you must have been through some really rigorous training and learning process - I don’t think it’s possible to get lucky for 20 years haha :)
But I really appreciate you sharing your knowledge with all of us. Love all your content so far and I look forward to future posts! Thank you!
I appreciate it Sam. Thanks for watching and the comment.
Price action can be manipulated, Volume can not
Where can you get correct volume. I once openned same pair chart with 3 different brokers and volumes were different though candles and prices were same
@ which broker were you using?
I do get data from tradingveiw for example if I choose my favourite which is XAUUSD mostly on tradingveiw it's shows broker names OANDA, FXCM , icmarkets, , vintage markets etc etc. all these charts have got same price movements but volumes will be different digitally. For example in 1 hour candle one will recording 18.9 K . Another 57k another 9 K and it becomes confusing. Which broker has got volumes that do Really matter
@ hmmm that’s a great question I’m not sure as why it would be different, I use Oanda to trade forex and I haven’t had any issues with volume on their platform. Only thing I think it could be is one broker is getting buy/sell orders faster than the next
@ and I don’t tend to pay attention to the contracts, I look at the price action along with volume, if you see two reversal candlesticks with high volume it typically is a good entry signal
Big thx for the vid. Quick one, do you always use mkt order to entry as I found limit would just too uncertain to grasp the opportunity for day trading.
Thx ❤
I personally do but I also trade very liquid securities. If I was trading a thin product with wide spreads I would be using a lot more limit orders.
Very helpful!
Glad it was helpful! Thanks for taking the time to leave a comment!
How can I contact you to do One on one’s. You are by far one of the most experienced traders I’ve seen. How do you only have 20k followers?
Thank you! I don't do any live coaching or one on ones anymore. Everything will be here on RUclips.
@@JumpstartTrading are you able to do a RUclips video on reading level 2?
I can in the future.
I Can't find the cumulative volume delta indicator on yahoo finance. any help please?
Yahoo doesn't have it. I'm not aware of any free services that would provide it unfortunately. You would need something like MotiveWave, Sierra Charts, or Quantower.
Can I use your course in CFDs ?
Please share your trading AMT course with us
Yes, considering you would be analyzing charts of the underlying asset. I have a video on AMT in the course already. The concepts will be relevant and brought up again throughout the entire course. Thank you for watching and the comment!
@@JumpstartTrading thanks. u are the best 👌
lol well thank you. Anytime. 👍
What are your thoughts on WVAP?
Very valuable. Number of ways you can use it. I will have a video on it coming up soon.
great content thanks!@
Thank you!
excellent.
Nice content
Thanks for the compliment and watching!
Thx u very much
You're welcome! Thanks for watching and leaving a comment!
Adam go further. nice
Thank you! Will do!
I love you ❤
Thanks!
We Need mentors, stocks and future, either you or you recommend one ,
Im doing a course right here on RUclips, link in description.
Learn the 9 signs of weakness and strength there are only 18 candle set ups you need to
you show 5% real volume secret in 8.06 sec
👍
🙌
Can you prove that you are a professional trader? there are way too many wannabes who just do that here to gain money from youtube. Where is your name and track record of your trading success?
Is this ai or real person
If it was AI I would have a lot more videos lol. Yet we all could be a simulation so….
@@JumpstartTrading it is becoming difficult to differentiate these days when the physical video quality is improving everyday and on the other hand, the AI is approaching towards physical reality
No doubt, pretty crazy how fast it’s all coming.
He’s real. Real good at trading. Notice the Chicago accent? They’re real good at trading too.
Hahaha, it's in the blood.
At the beginning of the video i thought its ai video , i thought it is created by ai character.
I wish it was ai because I'd have the course done! :)
One could argue that Dark Pools and Gray Pools have made volume less of an edge than it was in the past. However, for stocks with short term catalysts, volume would still be valid because large trades would placed based upon the catalyst and not made at a previous time that would be revealed 24 hours later... unless an institution has inside information, and front runs the market, of course. But we all know that never happens.