High relative volume tells us a large amount of buying or selling stepping-in wide-body candles.
This is an indication of either end of the move or the start of new trends.
High Volume often shows more of a retail participation as people ape in into wide-body candles. Churn bars also show high volume and signal start/end of moves but inside small body candles.
This means there was a more sophisticated execution to avoid large price changes.
Low-volume candles tell us there is a lack of participation. These are often the "weak spots" and work great as trade targets.
I published an article while ago that dives deeper into relative volume and you can find it here - tradingriot.com/volume-trading…
Although relative volume is a very useful indicator to have, it is not a standalone trading strategy. If you are interested in how I use it in my trading, you can check out the Tradingriot Bootcamp tradingriot.com/blueprint/trad…
Once again, thanks @leviathancrypto for the collaboration and make sure to check out his long list of indicators.
I use many of them and they are one of the best (and completely free) you will find.
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When I talk about legacy markets, I get DMs from crypto people about what exchange I use, and they always end up bringing two crypto CEXes that allow trading forex and legacy markets.
They are PrimeXBT and Bingx, and here is the thread on why you shouldn't trade on them.
/cont
Before we get into another thread from the category of "Reasons why Adam is never getting 6 figure exchange sponsorship".
I don't do this to stir any drama. I just have a little knowledge of how legacy exchanges should work, and I'm tired of answering people 1-by-1.
Promoting any exchange or product that is not a complete rug (which these are not) is fine. Before getting all angry in comments tagging people realize that you would probably do it too if you had an opportunity.
Rollbit talk again on the timeline with people on the internet that make money buying and selling ponzi schemes arguing about morals of shilling casino.
Here is a quick thread that explains the actual issue of why shlling Rollbit (and other exchanges) is actually bit scummy.… twitter.com/i/web/status/1…
In forex you have two types of brokers with A and B book models.
The A Book gives users DMA (direct market access) which means your orders end up in the real market.
B book models stay in house and brokers trade against their customers, because at the end of the day 80%+ people… https://t.co/qm4W3qvUSAtwitter.com/i/web/status/1…
Although some B book brokers are legitimate, if you trade against your clients it gives you much more room to do a lot of shady stuff such as widen the spreads, cancel trades and so on.
If you were ever wondering how all these forex gurus make money, they are often partnered… https://t.co/Q46V8Qsx25twitter.com/i/web/status/1…
welp definitely interesting results on this. Here are some quicks thoughts about each management strategy /cont
1) Not touching the trade - Full SL or TP
This imo can work, if your strategy is 100% systematic and backtested/forward tested enough.
The "Jesus takes the wheel" approach is definitely not my favourite (but I know some people that do it), because even though you can catch some huge winners from time to time, more of then than not you will give back large amounts of uPnL
It's been a few weeks now that I have been watching and trading altcoins more closely, roaming around discords, catching up on narratives and so on.
Let me share some tips that are important when it comes to everything.
cont/
1- "Narratives" are really just short-lived fundamental events people like to believe to pump things. Some are more stupid than others.
Never ever get hooked up on something thinking this is the next big thing because the minute you do, it is most likely over.
2- Finding narratives, well, most people will tell you that you need to be hanging around on twitter, million discord servers, and telegram chats to see what is happening right now.
List of tools and platforms you will see me using, some are paid, some are free (I have no affiliation):
Exocharts, Laevitas, Coinalyze, Sierra Charts, Insilico Terminal, Tradinglite, Coinmarketman