The trading system “Trend Volume Analysis” uses volumes and support and resistance levels. The system works on the principle of following the trend. The time frame of the system is 15 and 30 minutes. The system can be used in the Forex financial markets, in indexes, commodities and metals trading. Gold trading on Forex is possible with the help of this system. The main style for this system is intraday trading during London and New York sessions. The system template contains the “Trend Dashboard” indicator, which shows the trend directions for different currency pairs. The work begins with the fact that the appropriate pair is selected on this panel and trading is conducted only by trend. Indicators “SHI Channel”, “VSA trend” and “Trend arrows” help to determine the market entry. They determine the resistance and support levels, with arrows showing the direction. The indicators “Better Volume” and “VSA multivolume” play an important role in the system. They are located in the lower windows of the terminal and show the trading volumes. If the volumes increase, you can expect a strong movement, and if the volume decreases, it is not recommended to trade. The main method of trading with this system is to place pending orders to break through support and resistance levels. If the volumes decrease, the orders are removed.
Example of trading on EUR/USD pair on M30 chart. On the “Trend Dashboard” indicator panel, the pair’s trend is up. We see that the price is based on the level of support and may rise. Therefore, we set up a pending buy order. The stoploss is set below the support level. Take Profit can be set by the resistance level on the higher timeframe.
Example of trading on USD/JPY pair on chart M15. On the “Trend Dashboard” indicator panel, the pair’s trend is down. Here, the price is based on the resistance level and may fall. Therefore, we set the pending order for the break-down of the support level. The stoploss is set above the resistance level. Take Profit can be set by the support level on the high timeframe. The examples given here are not mandatory. The system can be used differently. It all depends on the time frame and trading style.Download system files