Because I trade also the stock market, and every market works the same if you look at same parameters. Markets are different, but if in an area there is no volume, there's no interest in that odd ok? It's not difficult to understandDerek27 wrote: ↑Wed Jul 11, 2018 6:02 amThe question I was asking is, how do you know they would be helpful if you've never used them?
I've used a lot of charts, never found them useful and no longer bother with them.
(Shaun, he's got the money for the software, better get down to work ).
Let's make an example:
I have backed an horse at 3 at a cross bearish MACD and the RSI is going above below 80... ok?
I am riding a nice downword movement now... well I am happy, I am in profit... the smile is on my face.
Ok but when to exit? When to exit at the most profitable point of wiev (for me)?
Here comes in the market overwiev... the MFI and VPOC
Taking the example above, if I' ll see the VPOC at 2,50 I'll know that this is an important area to look at, because is here where there is the most of movement, and I should care about this area because here is where somenthing' s gonna happen
So I'll have two choises:
--exit near to the VPOC
-- wait for the VPOC and see what it does. If the VPOC starts going up at another price/odd level, it's time to exit because it means that the market is reacting very quickly to somenthing
If the VPOC goes even lower, it's time to relax and keep on riding the downtrend