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Volume Indicators Part 2 (And A Free Tool)
one week in the past we had the amount episode and it was once a large episode it defined how an important quantity is to what we do here’s trend traders I then defined how a quantity indicator may be key as it is helping get rid of losses that we take alongside the best way thus making our account pass up and up and up after looking at the video a lot of you were given to paintings immediately and get started discovering a few of these indicators and checking out them out in an overly quick period of time numerous you had nice good fortune with what you discovered whilst a few of you got here out puzzled the primary 3 or 4 indicators you discovered didn't assist you wish to have to argue with my definition of quantity you spent all of 1 hour researching and also you weren't arising with anything else boohoo however then you definately stored at it and a few of you time beyond regulation was once only a topic of researching it additional and checking out out additional begin to in finding some issues that in reality labored neatly otherwise you sought out one of the vital concepts the no nonsense flourish group they usually gave you some that labored however a few of you continue to got here out puzzled and that's standard however let's attempt to repair that after which after we've cleared up the entire confusion were given a unfastened instrument for you let's get it [Music] quantity and volatility are they the similar factor no are they very carefully similar sure must I’ve discussed this sooner than sure and taking a look again on it am i satisfied I didn't sure and we'll speak about that quickly however first perceive in case you are discovering this channel for the primary time you might be in unchartered territory you had been going to be puzzled this isn’t for brand new traders that is continuation video from closing week I've been spending time with my extra skilled no-nonsense forex traders those that have fed on the entire subject material to roughly assist them alongside on this procedure and closing week's video in reality wasn't for newcomers both however we can get started getting a bit extra broad-stroke subsequent week and get started going over some extra huge phrases for everyone however should you're a brand new trader or should you're new to this channel particularly pass to the beginners video although you've been trading this market for 5 years we do issues very another way and it's simplest truthful to you that you just be told that first you're gonna love this channel however pass to that video first I'm gonna put the hyperlink underneath should you pass to any extent further at this level it's you you're simply gonna get puzzled in all probability as a result of we’ve got an overly specific method we trade and the closing couple movies that I’ve been doing is for the ones traders and this video is not any exception in order I had discussed sooner than there's those that in reality like to nitpick over the entirety I say and do however working out that one of the vital phrases I speak about aren’t definitive phrases they are able to pass a couple of other ways and quantity is indisputably a kind of phrases once that video got here out other folks had been in an instant like neatly the amount all will depend on your broker and it's all according to tick quantity and that's no longer gonna assist anyone after which they'll say you utilize the ADX indicator that's a volatility indicator that's no longer a quantity indicator you don't know what you're speaking about whilst nearly all of you went out and in fact began searching for quantity indicators and simply stored checking out and checking out till you discovered a pair just right ones and now you’ve them endlessly some traders love to win some traders love to argue I assume the selection is yours in any case however I do wish to explain issues up a bit bit in terms of quantity and volatility and different similar phrases so perceive this this factor right here is helping create this stuff over right here can this stuff occur with out this they are able to it's simply no longer very most probably the probabilities of having this stuff pass method up after getting quantity within the market now there’s a reason for the longest time I’ve used the phrase quantity to discuss those two issues particularly I'm gonna do away with momentum as it in terms of speaking about exact indicators that we're searching for we don't need momentum indicators as a result of the ones are normally outlined as indicators that experience adjustments in momentum which is any other phrase for reversals which we don’t accomplish that let's do away with that and take it all the way down to this now complete disclosure I used to do personal training again within the day I don't do it anymore however again after I did it I had fairly a couple of other folks whose English was once no longer their first language they usually had been very sharp other folks and spoke beautiful just right English however we might run into issues once in a while if confronted if I began to take them within the unsuitable path it was once in reality exhausting to get them again at the proper trail and I take note speaking about quantity and the way difficult it was once as a result of that is precisely what took place I defined how vital quantity is and the way we’d like it as trend traders and the way it additionally creates those two issues and those also are two issues that we’re searching for in terms of whether or not or no longer we must take a trade or no longer and proper after I stated that individuals began getting off monitor and they’d say such things as oh so we’d like liquidity proper neatly that's simple I'll simply get started trading actual heavy on pairs just like the euro dollar and the dollar yen and I used to be like no that's indisputably no longer the solution you in fact need to be a bit extra wary while you trade pairs like that as a result of the ones are the pairs that the large banks manipulate essentially the most so no that's completely no longer what I imply after which we got here to volatility I used to be like you want volunteers are in reality vital however then they took that as oh neatly I simply wish to pass trade extra risky pairs now just like the pound Kiwi or the dollar South African Rand or loopy stuff like that and I'm like no once more that's no longer what I'm speaking about so simply to make issues more uncomplicated sooner or later I simply check with all of this as this as quantity it's the core of these items anyway and so I figured through simply relating to the entirety as quantity and quantity indicators I may roughly surround the entirety into one however taking a look again on it what I must have carried out is simply put them in combination they’re two various things through definition however they each have so much to do with each and every different and they’re each two issues we in reality want in our market sooner than we will be able to in reality trade with self belief so take note this going ahead traders if you find yourself on the lookout for quantity indicators or in case you are on the lookout for volatility indicators you wish to have them to do the very same factor you wish to have them to let us know is there sufficient juice within the market for trend traders to have a better risk of successful that's what a just right quantity indicator will do this's what a just right volatility indicator will do in any case you simplest want one so seek for each however finally end up along with your perfect one and plug it into your system however that is just right as a result of now we've roughly opened issues up a bit bit know you’ll be able to seek for quantity indicators you’ll be able to additionally seek for volatility indicators as neatly and I’m hoping I used to be ready to transparent issues up from sooner than should you nonetheless take factor with the best way I outline issues or the best way I attach the dots there's in reality no longer an entire lot I will be able to do for you at this level now we wish to transfer on in fact you already know what I'll put it as much as a vote so traders what would you care to do do you wish to have to take a seat right here and argue my definitions of items and the best way I say this pertains to that as a result of we will be able to do this I were given time or what do you recall to mind this let's let's take what we do know and check out to leverage that knowledge into a number of pips and a number of money down the street that sound just right which one do you guys need oh all of you one option B all proper neatly just right so do I let's transfer ahead so speaking about quantity indicators it's beautiful actual particularly within the eyes of google the time period quantity indicators may also be beautiful imprecise total however google will outline them as a person entity in case you are searching for quantity indicators an overly explicit form of indicator goes to pop up and because of this I'm satisfied I simplest gave you this option you had to drill down into this class first if I might have stated you’ll be able to search for quantity indicators or volatility indicators to start with it should were casting too broad of a internet I'm satisfied we drilled down into this one class it is helping with other folks studying to trade this fashion for the first actual time to stay issues very explicit and lo and behold a lot of you’ve already discovered in reality just right examples of a real quantity indicator however whether or not you’ve or have no longer know that your seek can now additionally come with volatility indicators now don’t get puzzled you do not want one among each and every you’ll be able to seek for quantity indicators and volatility indicators and select the only out of each classes that does the most productive task you're going to note some issues while you seek for volatility indicators that you just didn’t realize with quantity indicators volatility indicators generally is a bit more uncomplicated to learn the ADX for all of its faults if you do away with the riff-raff may also be beautiful darn simple to learn we noticed this within the video I made closing week however to start with no less than sooner than you in reality get started getting technical with it you're going to peer Google provide the identical examples of volatility indicators again and again you're going to peer the ADX like we already noticed you're gonna see Bollinger Bands as a result of a part of what Bollinger Bands do is display volatility it simply does no longer do an excellent task of this and looky right here you're gonna see our outdated pal the ATR and I've already noticed numerous you utilize the ATR as your quantity slash volatility indicator I don't use it because of this and I don't suggest you do it both up to I like the ATR should you return to that video I instructed you I don't use the road I simply used the determine the road can get you into bother let me display you what I imply alright so right here we’re on my MT 4 charts and we’re the usage of the pound yen for this one I’m wondering a extra risky pair as it's simply more uncomplicated to turn you this and for no different reason why about that so I put the ATR up and if you’ll use this as a quantity volatility indicator you’ll wish to position a line someplace on it to mention ok if the indicator is above this line it's alright to trade if it's underneath then it's no longer alright to trade so let's glance over right here the variety we’ve got is set 171 to 88 let's simply put a line as a result of we're simply checking out issues out right here let's put a line at one see the place's this 114 let's put a line at 115 so pass forward and tweak our settings slightly we need to pass to ranges and 115 so far as pips pass is 1.15 so we upload that and now we’ve got our line nice we’ve got one thing we will be able to now reference the usage of the ATR which is a vintage volatility indicator there's an issue with this although this would possibly appear to be a just right line now whether or not you consider that or no longer you already know you I’ve it upper you may have it decrease relying on what you wish to have to do for one this line goes to must be in a special position on each unmarried currency pair you trade which is a complete ache within the ass two markets alternate let's return some and notice what I'm speaking about so let's simply pass forward and scroll again not to even a yr in the past so now in this chart your ATR line is over 115 all the time that’s not what you wish to have if let's see February 2017 I'll need to August it's a few 5 month span if all through that 5 months span your quantity volatility indicator didn’t prevent you from trading one time you shouldn’t have a just right indicator long ago no longer even a yr in the past for this line to be efficient it might have needed to been upper so relying on market stipulations you're going to have to boost and decrease your line on each unmarried currency pair you trade this makes issues wildly inconsistent so far as again checking out is going fail to remember it you're by no means going in an effort to get a real number for anything else as a result of this factor is repeatedly going to have to transport that is the largest reason why I don't like the usage of the ATR for my quantity volatility indicator chances are you’ll get a hold of other extra inventive tactics to make use of it and that's nice however there’s a very distinct reason I don't and the ones are the 2 major the explanation why your quantity indicators must modify to the markets on their very own it shouldn't take you having to move in and intervene alongside the best way does that make sense so that you're short of to make use of the ATR for this function as a result of you have already got it in your charts anyway I might recommend you don't so in your notes for the entire word takers in the market the rationale I don't just like the ATR on this scenario there's simply no consistency through the years you're repeatedly shifting that bar should you sought after to learn issues as it should be in any respect it's as much as you to all the time pass in there and modify that factor no longer in reality the best way I need to pass about it and it's in reality exhausting to again check this fashion again checking out must no longer take that lengthy however it might take in reality lengthy should you repeatedly needed to transfer that bar up and down so let's get to the explanation why a lot of you might be right here it’s unfastened instrument time y'all we’ve got one thing right here that I don't know the way I stumbled upon it it's a kind of issues should you simply have sufficient interest and also you pass discover a bunch of that doesn't paintings in the end you're gonna in finding one thing that works out in reality in reality neatly now please perceive this isn’t part of my set of rules that is only a aspect instrument that I test in on and use each day you method this then again you wish to have you put your parameters on it anyplace you wish to have I don't suppose I'm in reality ever going to say this instrument once more as a result of it’s utterly not obligatory and I need to stay issues great and transparent and I don't need to stay referring to objects that you’ll be able to select to make use of or no longer use so that is utterly as much as you however I’ve discovered it to be extraordinarily useful so let me pass display you what display you what to do after which I'll in fact pass do it myself and display you what it’s so that is what you want to do pass to bar chart dot-com and within the seek field kind in dollar signal evz haven't checked out the real name shortly despite the fact that it stares me within the face each day I feel it's the FX euro VIX or one thing like that bookmark it so that you'll all the time have it like I stated I check with it sooner than I even open my charts simply to peer what's occurring and I'll let you know now you’ll be able to put your number anyplace you wish to have my number is eight and you’re going to see what I imply let's pass forward and pass to it now so right here we’re on the bar chart calm Paige and also you shouldn’t have to login or signup to get this instrument you simply have to visit this field proper right here and kind in dollar signal D V Z and simply click on proper there and it takes a minute to load so that you simply have to offer it time and as soon as that little chart pops up see what occurs while you backlog your web site with commercials takes endlessly to load the entirety ok hit complete chart and this here’s what you wish to have to bookmark so I will be able to check with this and I will be able to normally simply have a look at this number proper right here and notice if it's above or underneath eight which is the number that I stated so taking place a bit bit right here you notice those large spikes and volatility right through the day as is all the time the case we need to wait till the candle in fact closes and so after we get that studying it will no longer coincide with while you trade that's superb do exactly your perfect and check out to get a good suggestion if this is a if it's gonna shut above or underneath your line so my line is gonna be proper about there after which I simply appear to be as of late it was once beneath so what I will be able to normally do isn’t put fairly as a lot chance on a trade as a result of from an overly macro sense the market is telling me that the volatility and the amount simply isn't fairly there as of late and you may have to regulate this line through the years it was eight and 1/2 for me after which as numerous you already know as quickly because the stock market began getting in reality just right and began ticking up very slowly to report highs our market dried up so much so it was once both me by no means take a complete trade or transfer that line down slightly however this has helped me fairly slightly as a result of I do know when those bars are below that eight the probabilities of me successful a trade pass down that's in reality useful knowledge to me now sure that is true no less than since June 11th up till now over part the time I used to be no longer ready to place a complete 2% trade on however that's ok it's all concerning the large image and all through that point it didn't drop tremendous low I've noticed this pass the entire method down to mad low territories the place I simply stopped trading all in combination which was once just right I might've taken a number of losses so it became out ok however total I will be able to drop for possibly a 2% chance all the way down to a 1.five 1.75 p.c chance simply to mitigate my losses higher once more use this instrument then again you wish to have however it has helped me so much and it’s one thing I check with each unmarried day and it doesn't take lengthy I simply test on that number see the place it’s and I roughly use that as my information going ahead actual easy however like I stated sooner than it those aren’t exhausting laws you’ll be able to select to make use of this or no longer you’ll be able to put that line the place you wish to have and you’ll be able to do what you wish to have with it don't take this as one thing VP is telling you to do with exact laws and numbers connected that is only a instrument that I've given different traders up to now or even they nonetheless use it as of late however should you're seeking to incorporate it and it's inflicting confusion simply do away with it it's higher not to be puzzled than it’s to in fact have one thing like this round wait till you've perfected your system and also you've gotten used to it sooner than you upload one thing like this on so that you can wrap this all up quantity and volatility indicators are in the similar team you’ll be able to now get started on the lookout for volatility indicators as neatly take whichever ones figure out the most productive and plug that one indicator into your system from this level ahead and you’ll be able to use that instrument if it is helping it’s extra of a complicated instrument if it's inflicting any roughly confusion whatsoever do away with it we don't need to complicate issues right here however I nonetheless get traders from years in the past telling me how a lot it has helped them of their total trading it doesn't appear to be a lot at the floor however it in reality has helped me in my trading in the previous few years and all the time stay bettering in this by no means stopped the entire you don't have the Holy Grail the Holy Grail is all the time in the market I say that at all times when you’ve got one thing you in reality like and you wish to have a 4 phrase check it through all way do this however within the background all the time be checking out different variations to peer if you’ll be able to get a hold of one thing higher this is going in your affirmation indicator this additionally is going in your quantity indicator and should you haven't carried out so I'm certain maximum of you’ve as a result of maximum of you might be my die hards and those previous few movies had been for you however I a lot fairly if I had the selection make movies that assist everyone and so we're gonna get started getting again to that but when any of you guys have no longer subscribed hit the bell movies like this we in reality drill down into positive subjects are very essential as a result of I need to depart no stone unturned going ahead however there are nonetheless such a lot of subjects we wish to quilt we're gonna get started doing that and for now you guys were given your paintings minimize out for you several of you’ve already noticed what an ideal affirmation indicator can do a lot of you’ve additionally noticed already in an overly quick period of time it most often takes method longer than this to discover a in reality just right quantity indicator however numerous you’ve already discovered one and also you're placing into play and also you're seeing the adaptation that it makes the stuff is actual traders it’s value then again lengthy it takes you in finding ones that paintings so with all of this new knowledge in hand get to it pass get it