Classical technical analysis vs Volumetrical analysis

      A lot of traders started trading on the market based on learning learning classical technical analysis. I am one of them. But when I used technical analysis I always doubt about accuracy of my levels.  A lot of traders recommend mutually exclusive rules how to construct them. And there are to subjective points of analysis when you use it. 

     When I started use volumetrical analysis I liked that there are less subjective points of view. And a lot of them different traders can see in the same way.If you know that level of volume of accumulation of the week is good for rebound of the price you will mark them. And there is just 1 exact level which can see any traders, without any "...of my opinion". Very clear and very accurate. 

For sure we can add other levels based on our opinion and based on our own strategy of working. But anyway a lot of them could be similar if you understand price behavior through volumetric analysis.

Below an example of video of Trader from Germany. He is trading  miniS&P contract (ES ticker) and use  Volfix. Look at his analysis and check it now. 

He was basically right with analysis of price development, but price delayed in a balance a bit longer.

He is good trader and is doing a good analysis. But I was surprised that despite I have other tactic of trading and I'm using less time-frame for trading I have the same levels and the same view. You can compare it. 

         But after I understood that if we have one instruments of analysis we can do the same things even don't know what are doing other side. I was passed a lot of trading courses but a lot of them was demonstration how somebody shows how he can trade. And a lot of practice was constructed on subjective opinion which was constructed by great experience in trading. But they  can't share by their brains. And can't explain it, because they see something more that you can't see. 

      In opposite with Volfix you can see the same because no other way to to mark weekly accumulation as for level when the biggest horizontal histogram shows it on our chart. Very clear and very accurate.

Price analysis vs real trading 

If you are good analyst it doesn't mean that you are a good trader. Always remember about it. To be a good trader not enough just understand well price behavior but you must use this knowledge for money making on your account. 

       There are two kind of traders. One of them is checking current situation and place most of trades intuitively. The other one do analysis before placing orders. I don't like to use discretionary trading because is too difficult explain why I did these or those trades after checking next day. For my opinion you can use intuitive trades after years of successful trading. It's like an artist which don't check proportions after huge experience in painting. But when you trade just several months and use initiative trading like base for your trading you are softly killing your account. Even if you have some profit this a question of time. 

       But problem is  that you could be absolutely correct with your analysis and wrong with your trading. Despite good analysis you received losses. Very familiar for a lot of trader. You did right analysis, and price go on by your scenario, but you are out of trade. Causes could be different: you have received stop losses, or wasn't your condition for opening position or you received few stops during volatile price behavior, or you hurried  up with entering. You have to check which cases have the most influence for your losses. And you must work with them. Identify them, understand why you did them, and avoid them in future trading. 

        If your analysis was good during long period before, there are no reasons to deny it when you are trading bad. The problem  could be not in analysis, the problem could be in your trading. You have to separate results of your analysis and results of your trading. And understand  where are you strong. And maybe you will be surprised that not always you did your trades based on your analysis, or despite bad analysis you did good trades. You will understand more when you will separately check results of your analysis and results of your trading. I'm sure you will received more clear answers about your trading and about your current results.

Yesterday i did several wrong trades despite I was right with total direction. 

       First of all I was too overconfident in my forecast. So I hurried with opening first trade. I didn't fix part of profits when I had possibility. Usually, I  fix part of my profit when price  move  in my direction. And third I wasn't lucky with third and forth entering. I received my daily limit stop loss (for my account it's 2%) for the first 30 minutes of trading. And I stopped trading. 

"Shit happens" as said Forrest Gump in movie. But always will be tomorrow. So be ready for good session. But if you afraid to receive losses even don't start the trading. 

P.S. Sometimes markets absolutely unpredictable, and all your scenarios could be wrong. It doesn't mean that you are a bad analyst (although it could be :) but it's means that sometimes predict price behavior is impossible. You should be ready for this when you put your on broker account. 

Forex trading vs Futures trading

I will not explain what is better to trade Forex or futures. I will not explain you that a lot of FOREX brokers trade against you. I just show you a pictures where we compare DOM of GBPUSD and 6b (future on GBPUSD).

As you can see there are about 10-15 pips in average between bid and ask on FOREX market and no spread on futures market. Every time when you opened or closed position by market you will pay extra money for spread. This is not mean that on futures market no spread. It is exist. But only during fast movement and not more then several pips. 

Each overpayment for spread could kill your the best intraday strategies. To win in this game (intraday trading) you need have advantages more than 2 till 1. It's mean that you have to do 2/3 your trades without loss. This is to hard.

So in this way if you want to win you have to use better instruments like futures or bigger time frame  from 1 hour and higher.