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Forex volume metatrader strategy

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Forex volume metatrader strategy


Forex volume metatrader strategy


But for years, volume has been more or less rejected by Forex traders because it has been so hard to come by. Support or forex volume metatrader strategy areas come at previous highs and lows (that is why stock and indexes develop trading ranges, they bounce off previous highs and lows). I will show you how price and volume react to previous highs and lows and why price pushes through or reverses at these points.Previous highs and lows in a stock or Index define current support and resistance areas.

A Previous high or low in a stock or index is called a swing. I draw a horizontal trend line from the previous swing high or low to see at what price support or resistance will come in at in the future. These previous swing highs and lows are places where decisions are to be made for buy or sell orders. The first real forex volume and transactions indicators are here. Until now, other forex volume indicators have only shown tick volume, only part of the story with nothing about actual order flow.

Total volume is calculated from the sum of individual transactions.




Forex volume metatrader strategy

Forex volume metatrader strategy

Forex volume metatrader strategy



Category: Learn forex trading

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