Results of public trading account. Conclusions and achievements

As you know I'm showing my account of public trading and its results. If you are Volfix platform subscriber you can check any my trade in Trader Statistic. I'm not a first and not in first ten. From the all public account I took 52 place from 364 with a next result 

I traded intraday and used volumetric analysis for check price direction opening and closing position. For money management I use simple rules:

1) Maximum position size 1 contract per 5000 of funds. But mostly used I understood that it is better solution using 1 contract per 10000 USD of funds.

2) Maximum daily loss limit was not a more than 2%. Several time I broke this rule and I was wrong with it because if I would done all right I would had   better results.

3) My profit target was about 1-2%.

You can check a lot of my trades on my Twitter account: https://twitter.com/TraderVolfix  

I have posted various examples of successful and unsuccessful trades. And if you are understand principles of price action based on volumes profile you can understand how I trade. 

Have a good profit next year!

How to trade on FOREX market with analysis on futures

If you want know how to see big players on the FOREX you can't do it. Forex market decentralized and nobody know real volumes. But you can see volumes on futures where are real volumes.
Because futures and spot markets have big correlation, so big volumes on futures could push price.
Let's check how is trading one of the trader who use futures analysis. And he  places positions on Forex.
First at all he do an analysis of daily chart. He marked  levels where  were accumulated big volumes before and price several time rebounded from them.  He understood price action and expect for rebound. But he  wait  for confirmation.

When price rised he checked that were initial volumes for purchasing. Too risky for opening short position.

When price was tested  level of resistance, was accumulated big volumes and price reversed. He opened short position during price consolidation. It was good trade with good reward.

And this method he use for trading on others currencies.

So, when you use volumetric analysis of futures you can deeper understand  price behavior. Daily volumes are good as levels for support and resistance. Local splash of volumes in this situation could be as confirmation of rebounds or continuation of movement. 

Bellow there are several examples how to trade FOREX with futures analysis:

Follow us and you will know more how to trade with volumes!

How to understand end of movement in middle-term ?

If you use market profile or volume profile in your trading you have to pay attention for the shape of the profile. In the end of movement there are typical forms of the profiles.
One of them classical P profile - the end of uptrend. When you use volume profile you can see it more accurate. Let's check 22 and 29 of Nov on NQ ticker. As you can see at 22 Nov was a classical P profile and after price rebounded down from it. And when 29 Nov started build the same situation it was a good chance to open short position with a little stop-losss and big reward.

And  I did it.