 Hello everybody, welcome to this webinar. First of all, I hope you can hear me properly and I hope you can see my screen properly. Please, if you want to give me a feedback on the chat, that would be great. So we can get started right away. Yes, okay, that's perfect. So welcome, welcome to this webinar. I am very proud to present. I am Eduardo Buratini. I am a professional volume and order for traders since 2006. And educated trading educators since 2013. I'm from originally from Italy have been living in London for several years. And it's right there that I've started to get into the magic world of trading with volume, of course. Today, I am very proud to present this webinar organized by tick, tick mill collaboration with volumetric trading, which is a company presenting a very innovative platform a cutting edge platform in terms of trading with volume. Since it has borne on the 2018 with the purpose of creating an environment based on professionalism around volume and order flow analysis. And of course, on this goal are based all of the trading platforms provided by volumetric trade policies. And this is just the first of the series of webinars go through over the next weeks. There will be exactly 10 different webinars, we will go through the platform, we will have a look together at its features. Of course, we will go through many functions of this platform. And, of course, it wouldn't be it would be completely unusual talking about features of the platform if we wouldn't talk as well about trading with volume so we will go through a series of technical topics as well. In order to use properly cutting edge platform like policies. So, this is the disclaimer for for the webinar, we are going to get started in right one minute. Today, we will be talking about volume. So we will introduce a little bit what what really training with volume is. I will give you an overview of the of the platform of the boss is platform and its main features. Of course, we will go through a series of interesting topics such as connecting this platform to the tickmail to the tickmail data feed that our tickmail account can be connected to platform. We will have a look at some basic feature of like putting an order managing an order. And, of course, we will then start talking about volume. So why is volume important, which is the main topic of the webinar of today. So, let's get started, I'll give you an example of what boss is platform looks like. Here it is. So this is just a simple chart. Here you can see SP 500. And this is my personal representation of volume. So this is basically what I personally asked volume and order for trader to conduct a working with volume, okay trading with volume. So basically what I use is volume profile. Those are this is a 30 minutes chart and of course I have put right here the indicator of volume because what we're going to go through today is just is exactly volume in which way it can help out trading. Okay, so where we can start from let's get started by how this platform can connect it can work with tickmail as broker. So first of all, the most important thing to say is this platform can be connected to different data feeds. Okay, so in this example, I have a connection to CQG I have a connection to a tickmail account, and they can be connected at the same time. So basically for each instruments, I can decide whether I want to get data's from one feed or from the other feed. Okay. And of course, this functionality is also in terms of sending orders, because as you can see here on the right side of the screen. I have option menu, which allows me to choose whether I want to operate in a simulated environment, or otherwise I want to get my trades executed through CQG feed, rhythmic feed or tickmail feed, which is of course connected to a tickmail account. So this is first one of the most important features in my opinion, because many times that's that maybe we want to get feeds from an instrument from maybe CQG or some of the times from rhythmic some other times. Maybe there is a trade, which I want to take on a specific trading account I have personal you have three trading accounts. So, of course, I find this feature very, very useful, because it allows me to send order through different data feeds. And of course, I don't need to send my orders only to the feed I'm connected to. So I can have at the same time platform connected to a specific feed and get my orders executed to a different feeds. Okay. So this is, in my opinion, something very important. And at the same time, through this functionality, of course, now I will show you how to place some orders and how to go through the main features of the platform in terms of workability. I will use the moment the simulation environment. This trading panel is what basically we need to send orders, because as you can see we have the option to send market orders where the I'm sorry, just a second of dawn. Yeah, sorry. We can set buy market orders or sell market orders. And in this case, of course, the market order will be sent straight away. Okay. Another feature is, of course, the chance to to see the orders. So our entry level right here on the chart. Okay. And this is possible either for entry order and as well for stop loss order. So if we take, if we click here on the cell stop, I've taken a completely random long position at the moment. But if I want to place stop loss, all I have to do is click in here on the cell stop button. And yeah, by left clicking here on the chart, I can place my stop loss order here on the left. And this red line, of course, being a cell stop order, it will tell me for this instrument what my stop loss in terms of money will be. So in this case, it will be $101.25. So basically, this is a very useful function as well, because many times it happens that we enter a trade, but we have to calculate based on the tick size of the tick value, what my stop loss will be. This function, of course, is something that doesn't need that to do that. We don't need to do that basically. And of course, the same thing will be applied to a potential target, because now we are long. If we want to set our target, so we will be using our cell limit order, which will be placed on top of our entry. Also, on the order acting as target, we will have the value of what our tech profit is going to be. So in this case, I have put this orders now completely randomly, but you can see my target in case it will be hit, it will be $170.50. So of course, those orders can be moved just right here on the chart, so we don't need to insert the value, the number of the price we want to be placing this order at. We just need to drag and drop the line and the order will be moved accordingly to our instructions. And of course, while the position is open, we will have here on the trading panel the indication of what our position is. So in this case, it says plus one because I have an open position, an open long position, and what my open PNL is. So in this case, unfortunately, is a few ticks and loss. Okay, but of course, as I told you is as a completely random position just to show you how it works. And in this case, another very, very useful feature that personally I really love is the chance of inside of a chart for the mini S&P 500. So basically, I am watching what the S&P 500 is doing. I can execute on the micro, okay, because directly here from this chart. Sometimes it happens, if we want to take the analysis in order to lead into the trade on the mini instrument, then we need to have another chart open for in order if we want to execute on the micro. In this case, we don't need to because this gray rectangle here, it tells us what instrument we are executing on. So basically all what we are doing with these kind of orders, I'll show you how to do that, it will be applied to the micro instrument for ES. Okay, so basically, we all we have to do just in case we want to have just a single chart and have a chance to execute on the micro version of the chart. We just need to double click here on this rectangle and then switch maybe to the MES instead of the plain ES futures. And of course, this is, this also apply if we want to, at the same time, maybe take another position. So now I have an open position on the micro, let's assume I want to enter long because maybe I have seen something else quite interesting but I want to execute on the mini ES. So all I love to do is just double clicking here, switch to ES. And as you can see orders, the orders I've placed on the micro are not there anymore. So now all I have to do is clicking again, setting my stop loss. And in this way, I can have a different order management system based on two different instruments, but basically on a single chart. Okay, so that will make life much, much easier to maybe traders having different strategies. Maybe you are trading with a strategy, which is a long term strategy and you want to get into the market using micros or in the same time, you have got maybe, I don't know, for example, a scalping trade, which you might want to take using a mini. Okay, this platform completely allows to do both of these things. Okay, then now, as you can see, I have two open positions. All I have to do if I want to flat this position or close this position is, of course, I can either close this position by getting my order stop order hit. So basically what I've done is just moving it to the level where the price was, or otherwise, let's get back to the position I had with micro. All I have to do is going flat position, so position will be closed at market where the market is. And I still have my pending orders for stop loss and take profit, which I can cancel by clicking here at the bottom console. All right. And this is why, why this, that's happened because I have put a single order in the platform. Of course, Volsys also provides the chance of having an OCO strategy set. So that basically that means, if I select OCO strategy, so basically one cancel other. If I get into the market right now with the market order, let's make an example. As you can see, I have my stop loss and target already set according to how many ticks I have set into the, in the settings. So where I want my stop loss and my target to be. And of course, after those orders are already sent to the market, then I can, I can just move the order and manage it as I was showing you earlier. The only difference is that the only difference is that of course, once one of these orders will be hit. All the position will be close. And of course, the other order will be automatically canceled. Okay, because it's like those two orders are connected together. Okay, it's basically like a bracket order. If one of these two orders gets hit, gets hit, then the other will be automatically canceled. This is particularly useful because especially if I want to have a fixed stop loss value. Of course, I don't have to place it manually as, as I enter the market, my stop loss will be already set. Okay, so I don't have to worry about that anymore. And of course, if I would flatten out this position, at the same time, yeah, as you can see, the stop loss and target profit order are disappeared. So when an OCO strategy is in play, of course, all orders are connected each other. So basically we will go through many other features of this platform next time, next Monday, and we will see how to connect it to the data feed. How we will, what kind of indicators it can provide in terms of the volume analysis. And of course, we will go through some topics in terms of volume analysis. Okay, but we will get started today talking about what volume is and why is it important. So basically, I don't know, maybe some of you will is already to trading with volume or maybe somebody will be just, is just curious about that because it is a topic which is quite trending at the moment. But let's say why is volume important volume is basically the measure of all the transactions that occur between a buyer and seller of a financial asset during a given period of time. So, in order to give a meaning to this, to this sentence, we will be using today the standard, the ordinary volume indicator, which is this one you can see here at the bottom of my screen. So, basically, what does this indicator represent? We have histograms representing volume exchanging that has transacted over a given period of time, which is basically the candle. If we are using a time chart, chart based on time, in this case, 30 minutes, each candle represents 30 minutes of price. Okay, so the corresponding volume histogram will give us the size of the volume trading over that period of time. In this case, if we take as example, this candle right here, we can see in this candle, 136,000 volume has been exchanged. Okay, have transacted. So, basically, we have already a correlation between volume and time. Okay, we will see. So, according to this information, we can see how price has moved and if volume was accompanying any price move. Okay, because of course, volume gives us a very important clue of what price can't tell us, because actually volume is very useful to track, first of all, the significance of a change in the market, especially for technical analysts. Basically, when the price of a security changes, if volume is high, it usually means that the move is more significant than if volume is low, when that price change occurs. Okay, in fact, the question we would always have to ask ourselves is, I've spotted price move. Okay, this is an interesting move, but does volume really accompany price? When large traders are interested in a security, this will be reflected in the volume traded. Okay, so that's why it's so important that any price move, any irrelevant price move should always be accompanied by price. Otherwise, that tells us if the price move we are considering is a genuine price move or not, basically. So, let's make a more detailed example. Here, we can see price was basically was sideways for the entire day. Okay, and before the opening of the US session, we didn't have so much trading volume. Of course, because volume trading was low. After Wall Street has opened, here comes the volume. Okay, and what happens while we have this volume, this actually arrived at the moment, the biggest volume histogram of the day, we see the price creating a new high, a new high at the moment. But the first question we would pose ourselves is, why on such heavy volume? The price wasn't able to make higher highs. On the opposite, it completely started a downward movement. Why? This is an example of volume, not a company price. At the same time, we can see that after this move has developed, after we had such a heavy volume trading on top of the day. On its pullback, what do we have? Decreasing volume. Okay, so we were able, price wasn't able to even retest the previous top, and in this case, volume was a company price, because we have buying volume, what we assumed to be buying volume much lower than it used to be on the previous attempt of making a new top. Okay, afterwards, what happens? This small range gets broken, and what happens? Volume increases. So in this case, we got this small range broken with volume, with heavy volume. In this case, we can see this histogram is colored in purple. Okay, this is because of a specific setting we have given to indicator that shows me that this volume was a majority selling volume. Okay, so there was a dominance of seller during that price bar. Okay, in fact, as we can see, then price had this seller's action had the follow-through, and we went straight to a level that I had previously tracked, because for many reasons, which will be discussed together during the next webinars, was a point of interest for me, was a point of interest for a possible buying. In fact, it is a green level. Okay, and actually, that information was quite useful. Okay, right now, at the moment, we are still on decreasing volume phases, which is basically what I would consider right now a neutral volume. So, why do I have shared with you this interpretation of market and volume? Because actually the easiest way we have to filter what the information that volume analysis gives us is, give me just one second. Yeah, we always need to consider the relationship between effort and result. Okay, this is a very important concept which was first said by Richard Wyckoff, in my opinion, one of the most important and most ingenious, which more than 100 years ago was already able to find out about this relationship between price and volume. What does it mean? For a specific effort, which is expressed by volume, we should always see a result, which is the price action, basically. So that means, if to a specific effort, let's assume many buying volume, buying the market, we would also need to see a result according to the effort. So basically, we need to see price rising, okay, price moving upwards. Because in that case, we would have harmony between volume and price action, so basically a convergence of factors. And that would suggest that that move is made in a genuine way in terms of volume, a company that move. But on the other hand, if volume and price action diverge, that would more suggest the possible change in scenario. Of course, that happens in direct proportion to that divergence. That was right example I was showing you on the chart. Here, we can see a new attempt of making a new top with a surge of volume. But basically, we can see after we didn't have a result, a proper result according to that effort. And in fact, this is a perfect example of a divergence in terms of volume, effort given and price action result. The opposite, as an opposite example, we can see here, we have a perfect harmony between effort, a surge in selling volume and price action. So basically the breakout of the previous low of this small range right here. Okay, so that would suggest us that I would have suggested us if we were in front of a screen at the moment of the US opening, that maybe this attempt of making new highs wasn't that genuine. In fact, in terms of what has happened after that, volume in this case could have helped us to preempt, even if preempt is a term, is a word that I don't like that much in terms of trading. But we could have a clue of what, that this top, this attempt of making a new high, so basically when price has arrived on the key level, wasn't so much, that was more likely to be a false break than a genuine breakout. Okay, of course, there are many ways to use this interpretation, this analysis, because actually we can use these very simple but straight and plain concept of effort result convergence and divergence between volume and price move in many, in many ways. For example, we can analyze the price candle after candle and seeing what volume for each candle tells us. So that means if we have trending candles is price move being sustained by volume. Let's have an example using another chart. Yeah, a five minutes chart. Of course, we can have more example. Okay, since we have more candles showing the price action here. We can see, apparently, until so far, at least so far, it seems like market has found a bottom. Okay, and it's slowly retracing upwards. Okay. What kind of volume we have on this retracement? Okay. We, after the bottom was created, we can see, first of all, volume getting lower. Okay, but then two candles ago, right after this top was taken out, we can spot a sudden surge of volume compared to the previous bus. Okay, so basically, that suggests us that this small trend right here coming up from the bottom, it is quite accompanied by volume. And of course, we would tend to see this information if we compare the volume Instagram to the single price bars. For example, you can see here, we have two bearish candles, two red candles. On these candles, then on the first red candle here, we had quite high Instagram. On the next red candle, we have a much more lighter volume accompanying this candle. Okay, and then we have the surge in volume I was talking about earlier. Okay, so that would suggest me that so far, this previous down move is maybe more likely to be retraced. Okay, until where? Until the volume, until we reach the level where the biggest amount of volume has been traded. That means here, this is the start of the move. Okay, of course, we can apply this key interpretation also by swing. Okay, that means volume in these examples can tell how in such certain senses can tell us if price is trending or if trend is about reverse. Let's make another example. Normally, during trends, trend conditions, we are more likely to see volume increasing during direction of waves and volume decreasing on retracement, basically. Okay, if we make an example based on the day of Friday, last Friday, hold on just, yeah. Okay, if we want to divide this trend into waves, so basically like this, we'll see that we have much more volume. More volume peaks during trending waves and a decrease, volume decreases on these retracements. Okay, and what I personally here find very straightforward is this histogram here. It happens exactly, exactly at the end of this retracement after volume has gone down. Okay, and then these shows us that the price is willing to actually get on with the trend. Okay, and then we see that volume is quite sustained until what happens, we have a huge surge in volume right at the end of the move that top gets the attempt we were talking about earlier today. And how is this top made? Sorry, this top made with much, much less volume. So basically, this is another reason compared to the other day when the top was made. If we analyze this situation from this perspective, we can see that we had an exhausted top. Okay, but from the perspective of today, we had lots, we have lots of volume trying to break that high and actually didn't make it. So that divergence of a massive effort with basically no result. Okay, I think we are, I have said everything for today. Any questions about the volume, about the analysis I have shared or about the about using the platform, of course, let me just have a check on the chat. No questions. Okay, so hopefully, hopefully everything was crystal clear. Okay. So, there is a new message. Can we see the exact volume number on each bar? Yeah, of course. Maybe what we can do to have this info, we can put the cursor here and the value showing on the right side will give us exactly the number of volume traded, in this case 16,899. Of course, this is a value according to this, referring to this candle. Okay, so basically to five minutes of price and within this range. Okay, this range for the candle. Of course, this is still basic information because over the next appointments, we will go through many application of volume analysis. We will also talk about all the flow analysis in the last two or three webinars. And of course, we will go much deeper than that. But today, we have, we have seen, we have, we have seen together how also very simple volume analysis, made and based on just three concepts can also can still give us very useful and important informations. So, I can, sorry, I'm just reading question. Yeah, can the histogram volume be divided into bears and bull to see sentiment? Of course, yes. Yes, that can be done. We will, we will talk about that on next webinar when we will be talking about how to set this volume indicator, which, as you can see, not only shows us the amount of total volume transacted for each bar, it also can give us gives us informations about what if sellers or buyers were in dominance for that, for that bar, basically for that period of time. Then is volume and universal measurement or does it only reflect the transactions within a particular brokerage? If we are working with a futures instrument, volume is centralized by the exchange. So, basically, we have universal measurement in that case. So, for example, right now, I am looking at the ES future. So basically, this volume is universal for everybody watching the ES and same things for NASDAQ for any future. Okay, so, I am very happy to thank you so much for your participation, for your attention, and hopefully, as the first webinar, it caught your interest. And for any information, you can refer, you can ask for any inquiries to this email info at volumetricartrading.com. Next webinar will be next Monday, so March 28, still at 7pm. And we will be talking about a deeper overview of Volsys platform. We will have a look on how to set up the platform, how to make a proper order management, and we will talk about volume-based indicators more deeper than today. And we did today. Okay. Thank you so much. This was an excellent session. Thank you very much. I am really so happy to hear that. And to suddenly it will be possible to rewatch. I think so, because as I'm recording the entire session, I think TickMail will make it available for viewing. Or maybe I think it will be on the private area. Okay, so, yeah, it will be everything is recorded. So, okay, so thank you so much again for your attention and for your participation and a good evening and see you on next Monday. Cheers.