Does anyone trade successfully with Volume, Momentum and Orderbook?

[Jetheat]

I don't really like Fundamental Analysis simply because I don't understand what all that jargon means.

I mean, if something is happening in China, how do i know how it will affect Bitcoin or any other currency.

And even if I do figure it out, that doesn't mean the market always moves in the direction of that sentiment.

I prefer to stick to TA, and that too without any indicators.

Simply use Price Action, Volume, Momentum and Order Flow.

Anyone else doing this successfully?

JH

[1714847344]

1714847344

[1714847344]

1714847344

[1714847344]

1714847344

[1714847344]

1714847344

[1714847344]

1714847344

[Ridwan Fauzi]

Using MA 90, Moving Average Exponential (EMA) 24 and Moving Average Exponential 34 are enough for you to gain profit.

Also, I see an order book as well to convince the strategy is going well, thus far I do it in my whole trades and give some profit to me.

[Ryker1]

Does anyone here trade successfully (consistently) without using any standard indicators on their charts?

Do you use information from volume, momentum and orderbook information alone?

JH

Well, as for me. Volume, momentum, and order book are only used to identify the demand for the products of a trader. It cannot easily see the success of a trader in his chosen business. Though it may serve as guidelines on the quantity of the products they should be trading on a certain period of time. The success of traders lies not on Volume, Momentum, and Orderbooks instead the trader's success lies in how they will market their products. I suggest not to rely on any analysis because they perhaps misleading traders goals.

[ryzaadit]

That is not fundamental analysis because volume and reading orderbooks are part of technical analysis. Volume is a important indicator because it tell something where it can give a glimpse where there will a reversal or if there will be another momentum. There are many uses of volume, I usually use it if I will trade a coin especially if I will range trade it. Fundamental analysis is all about tips, news and rumors around the internet. the analysis that you should use depends on what is suitable for you.

A little bit scroll down to this thread would be good.

I already explained how i used the volume and order book itself, fundamental analysis is a speculate using a various data. From a stock perspective we got this information from the outcome and income financial from the company to make a conclusion analysis. But since fundamental analysis on crypto doesn't have this data then the data was taken by the news and other things.

On TA we have some tools for volume and order book, but i used a volume/order books from information exchange not from tools from TA went the accuray more good on tools TA than exchange information that's why i put this to my fundamental analysis method.

[rexxarofmoknathal]

I use a few momentum indicators when trading, and I also look for bot activity in the order book to scalp sometimes.

However, I do think that you'll want to use more than just the orderbook and momentum if you really want to rack up the biggest wins.

Maybe you should look into using something like TradingView, you can setup alerts on there that will tell you when particular chart patterns form or when a cryptocurrency gains X percent within X timeframe.

Definitely a great tool for crypto traders.