Disliked{quote} I just made this account recently to comment in this thread and I'm unable to PM as a new member yet, but I'll stick around. I've certainly run into a lot of that over the past year or so of trying to learn how this all works. It's actually how I ended up here. Tested all these different supposed methods based on indicators, "analysis", etc. None of it works of course, then you run into people charging hundreds of dollars for a "course" that to my understanding contains all the same, usually bad, information you can find for free. I've never paid, but from what I've seen and understand they really do just contain the same thing you'd find for free somewhere else, and of course not particularly useful information. Anytime I noticed anything did seem to have an effect, even if used incorrectly, or forced into some ineffective indicator strategy, it was always related to volume. Which is what got me looking into volume more specifically, and further past the Website/video guides into forum discussion to avoid more of the paid course advertising. You guys have created a really useful resource here even if there's quite a bit of information to take in. {quote} Thank you this actually clarifies a lot of small questions I had while going through the thread. I understood the points about tick, and Crypto data availability, but how exactly trading view data was used threw me off a bit. For now at least I plan to run with the most recommended and work with bybit/crypto in the free time I do have since I've already had an account with them for a while that I haven't used much.Ignored
To make this you have to forget all the forex bullshit around.
Next you have to learn what limit orders are. What orberbook is. And last but not the least is what market orders are. Because this is the key. The Key. Seriously. The KEY.
Only market orders move the market. There are no other power that moves it. Market moves not because of lines on the chart. Not because one moving average cross another. And not because RSI shows "oversold". Because it can't show it ever. It has no data for that.
Just realise that stops are market orders but you can't see it. They are hidden somewhere in the order book. And once one hit the market with market order it will try to fill it with nearest limit order matched. And also if it will trigger someone stop that stop will also hit the market with market order and it will look for nearest limit order to get filled too. That how it works.
And that's why only volume and orderflow matter. Of course you can use indicators as well. But as second and third confirmation only. Volume (orderlow) is the key.
P. S. And think about this: why most valued information like orderflow and volume are hidden on forex...
Observer effect
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