Trading at the extreme identifies
volume
price action that is about to make explosive
moves.
Catch
the start of the moves before most traders have realised what is happening.
False
breaks and fades happen so very often in markets.
Traders need an edge and must have a
strategy to trade the Extreme power moves that so often follow.
Extreme
Volume Activity Candles show you where the
balance of price action power is located and which way you should be trading it.
Uses TradeStation or MetaTrader MT4 charting.
Price Action
Conventional price action traders strip away everything except the price bar or
candle. They base their analysis on these and the basic interaction between
them.
Now I'm
mainly a price action trader, but there are several things that I add in to price
action and, chief amongst these, is knowing where the balance of power is.
Trading Volume at Extremes
Not all
price candles, or price bars, are equal. This also applies to the conventional patterns
that most traders use and also to things such as support and resistance levels.
Extreme volume activity candles show where the balance of power is building up pressure - or not
- that is about to produce the next major thrust move.
Intra-day Trading
There's
an old truism that says if you can buy right you can always sell right.
It originated from shop
keepers of years ago and in any business it's a winning strategy and it applies
just the same in the world of trading.
Scalpers and day traders need
an edge and maximising profit opportunities is the aim.
The Extreme volume software shows
where the balance of buying and selling power is pointing, enabling the trader
to enter, not too soon and not too late.
This 21 pip trade started the
day as the Extreme software showed the entry level and also the exit.
Which market to
trade......
The way in which The Extreme
Volume Trader works in any market, Stocks, Indices, Commodities and Foreign Exchange.
Foreign Exchange, the major
stock indexes and commodities reflect the macro issues driving world markets and
this is where there are some incredible moves to trade.
It has everything going for
it, very accessible to anyone no matter what their account size, continuous
pricing, open 24 hours and it ranges and trends.
Day traders need a market that
is worthwhile to trade, that is, they need enough movement at key times of the
day, that will trend profitably.
The previous example was a
typical trade that gave just over 20 pips ($200 on a standard lot).
By adding in another trade a
little later in the day the trader could have added another 36 pips again
signalled by the Extreme Volume software.
Add the trade trades together
and our trader was up by $560! and that's just one contract and one pair, the EURUSD.
Software
For
years I have used volume in my analysis of price moves as do many traders, but
there was something missing.
I mainly trade the Spot Forex market where
conventional volume figures are just not available so the Extreme Volume trader
displays the amount of participation instead.
This is
then displayed as a colour of each individual bar or candle and so, at a glance,
the difference between bars can be plainly seen.
Using
either
MT4 or TradeStation charts, the Extreme Volume software highlights where the
balance of power is acting most strongly and that's the direction I want to be
trading.
It's just like trading in the pits
When I showed this to an
friend, he was once a trader on the old LIFFE trading floor, he immediately said
volume activity was just what he needed when he transitioned to screen based trading.
Way back
all the major markets were traded by open outcry. There are still some of these
pits in operation but most have now become screen traded of course.
The
floor traders always had one big advantage and that was that they could see
sudden surges in activity.
There was mayhem, 'phones rang, clerks started
signing
and rushing orders to the floor traders that would frequently kick off
major moves.
It's
these extremes of rapid volume activity, or the opposite, very little activity, that
can show where the balance of buyer or seller power is, and that can be very
valuable information.
Longer term
trading...
It's not just for day trading.
Longer term trading, particularly in Foreign Exchange, benefits from some major moves.
Recently we have seen the
AUDUSD trend for months running through well over a thousand pips, the JPYUSD
has done the same and now the Euro has joined in.
These swing moves can run for
just a day or two ( as in this 135 pip move) and often for weeks on end. The
Extreme Volume Trader works with any time frame and any market.
"I needed this years ago,
it would have a big difference when I moved to screen trading from the LIFFE
floor, I'll be making use of it, thanks" MA
"George, you've done it
again, the extreme software is great, took me a day or so to fully integrate
and get used to it and I've kept it, can't say fairer" TJ
Thanks for such a
brilliant course, I have watched the DVDs several times and will watch a
couple more times so everything sinks in lol! It is so much easier to take
in when you can see it explained rather than just getting a manual etc. Pete
"I like the logic behind
the colouring of the candles, it makes total sense to look at what the
activity is doing. I'm using it now to confirm trades from the harmonic wave
trader" Paul.
Hi George....I’m
using the Extreme Trader system, mainly on 4hr and daily time frames and it
is working very well for me" EY
Hi Sandie,
Will you
pass on to George that I have had a superb month using extreme (volume) trader. The
best trades are on the hour candle looking for a blue to red candle reversal
or break out. The red candles are the most important part of the trade - no
red candles no trade. I'm hitting a 75% success rate using this system, I
use the 3T line to tell me when to cash in the trade - in or out of
profit. No emotion - just technical - leading to nice profits...KC
Conventional Candles
Candle charts are very
effective at showing part of the picture. Visually they are a great improvement
over open-high-low-close charts, but they both leave out the most important
component. The amount of participation by traders as the candle is being
created.
Not all candles are equal. You
may be familiar with Hammers, Shooting Stars and so on, but this brings in a
whole new dimension. By adding in trader buying and selling activity, you now
have a more complete picture of where those candles are going.
The
Harmonic Wave Trader
This is one of our original
courses that works with the Extreme Volume Trader, as does The Twenty Minute
Extreme Swing Trader (TMEST).
Never let a profit
become a loss...
It is often said that Money
Management is the key to successful trading. What I would add is the discipline
to stick to a method of trading that gives an edge is just as important.
The two go together and
included is an updated money management section. The reality is that far too
many traders somehow ignore this and find themselves taking frequent losses and
only tiny and occasional wins.
The course shows how to
reverse this and reduce losses dramatically whilst increasing the odds of taking
regular profits using a simple trade management process.
"Hi George, Received
the course this morning, thanks for the quick turn round. I've never been
aware of this before, you've certainly open my eyes to how useful this will
be. Thanks again. Matt."
"Hi George, I've just
completed the Extreme Course and I'm really excited by the way you've
blended a number of techniques into a robust strategy" Rich.
I'd
like to say that I enjoy and have learned a lot from the videos, I'm at a
much better level than when I started. Thanks very much George, you have
clarified a lot of things and been very helpful..MP
"I'm sold, I've been
trading the Euro both ways, three times today, up 124 pips...." Iain P.
"Thanks for setting up
the
MT4 software for me yesterday, great service. I'm using it with the
Harmonic Wave Trader, shorted the pound at 16647 and covered a 16596...MJ.
"I would like to say how helpful I have found the power bars. I would
not like to be without them. SW"
"Today I have traded 3 trades off the 15 min charts all won (all very small stakes). KC"
The full, 14 section on-line, six hour course, of The Extreme
Volume Trader is now available regularly at £379, but check
the special offer price below.
Regular Live Action Videos
Free membership to
support you in using The Extreme Trader for your first 4 weeks.
Twice weekly we send you our ongoing mentoring videos on real time markets
with personal support.
Previously
£379 and totally
risk free & fully inclusive of MT4 Extreme Volume software.
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