Trading Dead Markets In Forex (More Important Than You Think)

[@The_Pivotal_Trader]

In terms of Volume Indicators to test, the Waddah Attar Explosion might be a great option. I like to set the BB multiplier above 3, the higher you set it, the more volume it takes to give buy/sell signals. Uncheck the "dead zone". LONG: Green bar above explosion line. SHORT: Red bar above explosion line.

[@confluencechris]

"We win by not losing" everyone reading this don't lose out on this winning info! VP you're an artist of honesty and keeping it real! "Party on Wayne!"

[@claytonspencer1506]

instaBlaster

[@LevelUpSleep]

Got a beer in one hand, feet up, headphones on, music blaring, indicator searching and living my best life. VP at the wheel!

[@darrenb9001]

Sometime sitting on your hands is the hardest part of trading.

[@teemo-kawaii3423]

Good one

[@abizmal3142]

I was saying the answer you gave to myself the entire video.😂 granted this is me having consumed your content and this video multiple times over the years, just having never visited the blog much

[@patriciaono2859]

Another awesome video!! Thank you very much VP. I’ve been demo trading for 6 months and because of you I started to understand and get profits on my trades, but for the last few days I couldn’t see any trend/trade on market and was wondering if that is normal, once again you are here with the perfect answer. Every week I test 3-4 indicators and I’ve been improving, you are my inspiration to keep going , because many will not try enough and you are the person that everyone should listen, you got your results with hard work, I believe that if I do the same , someday I can trust my signals 100%. You are the best VP!!!

[@roym1444]

Can i ask what your favorites are so i can backtest them on my demo account

[@tqbrowne]

When I was watching this video, I was taking a mental bet as to what your chronic low-volatility contingency was. After checking the blog, I was right!

[@DapsyDave]

I can already say it without reading the blog... TRADE SMALLER TIME FRAMES!!!... Pretty logical... once you're stuck with little or no movement on a chart, every pro knows you have to zoom in with smaller time frames to get action...

[@M0RGENDUGG]

Every pro goes to the smaller timeframes when when the bigger timeframes consolidate, so they can create videos for their smaller timeframes fanbase. The fanbase makes them God because they do not have the real understanding on how the bigger timeframes dominates it all 😂

[@-bnqe-3119]

My garden loves dead Markets :-)

[@artursantana3242]

Hi Patrick. Hope you are well. I discovered your videos this weekend and... OMG.... I am completely in amazed with how good they are. Thank you so much. Artur

[@NoNonsenseForex]

Enjoy the ride Artur!

[@amaze2n]

I read up a bit on EVZ and it isn't actually for the Euro, it is the "Eurocurrency" volatility index, provided by the same people who do the VIX. Eurocurrency is a general term for currencies that are traded outside of the country in which they were issued. So yeah, it is a measure of the forex market as a whole. A bit confusing, but you were right in your conclusion. Also, the EVZ isn't actually a direct measure of volatility - rather it measures the volatility implied by options prices. The more volatile the market expects prices to be, the higher the premium on options. So you can mathematically extract this implied volatility using an options pricing model. I think that's why it works so well.

[@roym1444]

I wish i could wrap my head around this .

[@isntlyfebeautiful4099]

thank you. Have been searching about it for 3 hours

[@ultiskyrealestateholdingsl6478]

I used to think this dead market sucks but I am learning better money management in this dead market so even though I don't make a lot of pips I am learning how to reduce my losses. Priceless.

[@bradleyt]

Again...this video comes at the perfect time....been fighting the boredom of this low volume market. Thanks again VP!

[@JalenCrigler]

I trust you VP. Just yesterday I was on barcharts and told myself I may have to lower this thing to a 7 😂😂 because market hasn’t been at a 8 since I’ve been checking. Your video timing is impeccable 🙌 as always lol you know what you’re doing

[@Mikeoak4]

During back testing my volume indicator mostly kept me out of of this time period. But when it did allow me to get in trades there were very minimal losses. I believe this is because I trade on the 4H chart due to my prop firm of choice requiring trades to be closed before the weekend. However, I actually like this style of trading better. I do have to put in 5x the amount of work compared to trading on the daily chart, since i check my indicators at every 4hr increment except for 4am (12pm, 4pm, 8pm, etc), but it is worth it since it seems like I only have to worry about what my algo says and no external factors like overall market "deadness". My volume indicator keeps me out of flat markets on the 4H chart quite well though. Any thoughts, comments, critiques, insults would be highly appreciated for my learning lol. And as an aside: Thank you VP for changing my forex journey. I've found every bit of advanced forex information that i could ever need on your channel and it was all free. This channel alone could be worth 10k. You're a godsend dude!!!!

[@ProzakBoy]

Thanks for sharing. I have felt a little guilty looking at 4 hr and 1 hr but it seems like it is in the cards. Algo will work there too, just more work/Little less peace of mind

[@lm5585sysmatrix]

What is your volume indicator?

[@roym1444]

Can i try your indicator on my demo account . Or suggest ones to avoid as i am a bank canvas

[@thefreedomproject4777]

@@lm5585sysmatrix it's called "Fibonacci Retracement ". GL

[@lucapuzzoli8363]

Hi VP , once a really famous trader said: sometimes not trading it’s like putting money in the bank ! I don’t remember who said! Thanks bro I rarely get a signal lately and I was getting worried before watching your video

[@BigMrToe]

Great video VP. thanks for the reminder on the $EVZ. I’ve only been going for the ATR amount. Mainly because I’m still testing my new system. But instead of getting out, I place my stop loss there. I’ve had two successful trades so far using this system. Nothing big. But it’s hit it’s ATR both times. Like I said, I’m still testing my system so I’m taking it slow, tweaking my indicators as a go and always looking for new ones to tryout. Because of you, I see everything in a completely new perspective.

[@chema__gonzalez__]

This video right now feels like a ray of light. I almost though there was something wrong with my algo because I'm not getting proper signals lately. I can only be grateful VP. Thank you so much for this!!

[@BM-yl4bv]

I noticed this with my system this week but continued to trade having forgotten about the sneaky $EVZ tool... this is the video I didn’t know I needed.. glad I’m not the only one 🙏🏾

[@PakFan786]

I just learned about dead markets painfully, gave all my gains and more back to it..

[@mrunicorn3889]

Cheers for the REX indicator. Very nice little pressie to see in the inbox. Much appreciated pal.

[@philiptaylor2567]

Well I’m relieved to see this video at this time. I was wondering if I was the only one seeing this. 3/4 of the currencies are just flat right now. Strangely I’ve had a really good week trading, which is kind of concerning. I’ve inadvertently developed a reversal algorithm!! VP, I’m going to be your first student turned prop trader. Just thought I should let you know. My consistency is coming slowly but inevitably. It’s just a matter of time and patience now. Working on that 6 month profitability goal

[@louwa9867]

I have been thinking this whole time while learning your method that it's a good thing that the volume is low now, rather than killing it now and volume drops a year on or so and I would not know how to handle it and the wheels would come off. So just sit tight and plough away and wait for the fun to start. What a journey man.

[@coloaten6682]

Well said!

[@nikhurst]

Your videos, blogs and podcasts provide so much value. Thank you!

[@azrultahir85]

I saw the video first before the blog and when the video reached the end part, I had a guess at what you didn't want to allow but allowed it anyway for this specific situation. And I was right! VP, I cant believe you actually said it. I gasped out loud, LOL

[@absfurnel4175]

Same situation. The firm is expecting me to hit a profit target for the month when my indicators are telling me to stay away

[@NoNonsenseForex]

Firms should not do that.

[@Robert546]

I was clicking around trying to find a way to take profits without closing the entire trade and exited by mistake! I already hit my first take profit and was letting the rest run. I felt bad at first, thinking I would miss out on profits. Due to the low volume discussed in this vid, it was great that I took profits when I did!

[@poloparachutes9983]

Yooo you were not joking! 2019 was a shite year for trend traders lol whenever I back test and my trades start loading more than the other years, I know I must be testing in the 2019 year! Thanks VP

[@joelwong7270]

the market is currently deader compared to when the video was released .... thank for your advice vp

[@malakikamau7925]

Thanks VP. Always grateful for your video... Back to revise the videos as the markets changes

[@brucehendrickson6920]

Another homerun! I'm still binging on the videos for the second time. I've been through the pods once. I can't wait to start the blog and take more complete, organized notes. I am also investigating volume indicators. Seems to me that people use them as an entry ( i.e. buy/sell indicator) and not as a trend or volume indicator. I'm still trying to rap my head around the concept. I do understand that it should be a zero cross indic. that stays below the line when the volume or volitility is low and the price is choppy. VP thanks again for giving the world your algo. and all the incredible incites. " That is all the people need to know! "

[@tbelj]

That cliffhanger lmao. This market is pretty stale. I only had 5 trades on my demo for the last 7 weeks or so. Glad to see this isnt normal. Also I knew you were gonna say that in the blog haha

[@andrestrat]

Good time to come back to this video!

[@1CarlAnthony]

Great video and blog! I thought is was kind of odd that the number was hovering around 6 (thought I was doing something wrong, lol). Also my volume indicator hasn't been showing squat. Now I know that it's probably working properly.

[@hinsloh6710]

I was wondering why the volatility indicator shows me complete steep down which is totally weird and abnormal. Now with your video, I understand that it’s a completely Dead Market right now. Thanks VP!

[@alfredrichardson3415]

I got to that "barf" point last week VP but it was the only strategy that would let me bank any profits but it felt like I was a "no nonsense sellout" but you have to adapt! The thing I had to realize was not to give the profits back seeking a trend which wasn't going to happen. Thanks for validating what I have been seeing! Meanwhile I keep testing and trying to get that algorithm right.

[@Mohale94]

There was a moment in my life when I used to hate thursdays. They are all I look forward to now 🙂

[@Mwaura_Wa_Ngunjiri]

Bro, me too. Mondays and Thursdays

[@Troy_34]

Dilly dilly!

[@desertstormer7556]

Dude, I hate Thursdays and Fridays cause of low volume. How did you overcome that

[@firewight1944]

cheers mate, always great when Thursday rolls around!

[@rodmunoz2]

Who’s watching this time May 8 2020, DEAD MARKET

[@gabrielsoto2344]

I needed to watch this especially now knowing this is a dead market currently. I thought my algorithm was shit after passing the back testing part of it, and now I know to just wait for things to wake up and everything will be alright lol

[@roym1444]

hey guys just going through every VP video b4 i go on my demo journey.. I have a question i hope u could answer ... can you back test trading in dead market time periods from say "2003" to test your Volume indicator productivity . Or should it be done by using forward testing

[@laurenh978]

@@gabrielsoto2344 keep testing though, just because you have an algorithm doesn't mean it stops here. If you have any Volume indicators, test them now, you can weed out the ones that give you false signals.

[@laurenh978]

@@roym1444 Don't see the videos and only then do demo. do them both at the same time. Demo is demo. it's not real money so why not do it while you are learning and get used to the tools. You can back test from 2003, but why would you go 17 years back? it is possible, but it's just a waste of time. that's a lot of data to go through... with every single volume indicator you want to test? that's too much in my opinion.

[@jaikishen8836]

Loved the "in the blog" teaser

[@stevesheppard6720]

Well, this explains it! I had completed a 2 year back test and had very good results. Since mid January I've been forward testing and things haven't gone too good. Just barely breaking even. Nice to have something to blame!

[@Talus-hallux1]

Similar to your trading style, I trade a combo of the daily and 4 hr multi time frames. And I have to admit that 'forex trading is sometimes boring, but in a good way'! Through my trading journey (almost 7 yrs now) the more bored I get, the more successful I am getting. Sincere compliments to you for being so honest and brutal. My going along with the daily TF was largely due to your blunt advice.

[@johndoe5816]

This video is incredible! Thanks for the vector, VP!

[@charlesoftherocks1264]

Glad you did this vid. I noticed many pairs were ranging or had low volatility. Paper trading in these conditions is the best 'training'for the good times. Thx VP!

[@esthernairesiai4659]

Thanks VP always looking forward for your videos

[@MarcoSiebeneichler7]

VP! Hello from Brazil! Thanks a lot for this video with important content. I've watched several of your videos.

[@jacksparrow-yd4ei]

Have been demo trading for twelve months now. BIG #1 lesson sofar. DO NOT trade USD. JPY pairs are my favorites at the moment. Plenty more fish in the sea.

[@jesseliverless9811]

Lesson #2: Avoid any generalisations in trading.

[@jacksparrow-yd4ei]

@@jesseliverless9811 spot on totally agree

[@hali2375]

Trading the way of No Nonsense Forex way and Motto of trading take profit pips are growing! Currently standing 625pips from last December 2018. That's because of you VP. Hope you can come out with a book "Journey of becoming Forex trader" or something along those lines because you have non-fictional story to tell - a good one too. What would be awesome if had a telegram where the community actively be in touch with Market through yourself. Would be cool when the times right to start introducing other traders like dialogue or discussion podcasts. 🇬🇧 Thank you again VP.

[@alexw4366]

Every week you drop so much knowledge! thank you sir!

[@Robert546]

definitely check the blog! I had a feeling it would get to this point. I was thinking this had to be done.

[@dwaynetaylor54]

I thought it was me alone, but you confirm my suspicions about the market

[@redsky2189]

Put this on "One of your most valuable list" One for the NNFX Hardcore. Great incite and more priceless info - Thanks VP

[@NoNonsenseForex]

I'm glad others see it this way too!

[@russellbarnes5321]

I'm currently using a ratio bias to look at trades. If 75% of the last 3 days worth of moves have been in a particular direction, that will raise my interest. If my other indicators agree that there may be an opportunity available, I will start to look at the ratio bias in the smaller time frames and if they match-ish the daily time frame I will make a decision based on volume and volatility. It has been dry lately, but my system has managed to pull a few thousand pips out of the week. Roughly 5% increase including a few losses. Contemplating an exit for the weekend.

[@kayndiselee3514]

Haha! THE BLOG!!! I knew it!!!Also, this video has been really, really helpful! Keep the videos and blogs coming! I am patient (as required in trading) and excited all at the same time!

[@WarrenDeMills]

Thanks SO MUCH VP. I thought my system was broken! hahaha. Apparently, my system was working perfectly because it literally kept me out of almost everything! little did I know that that meant that the system was working properly. I literally just started constructing a new algorithm last night and then you dropped this video. By the way, is it possible to talk about RENKO sometime? or Ichimoku? Much appreciated. I use the Ichimoku in my algorithm and it works great with a Directional Movement System (with the same volume indicator which kept me out of all the trades during this period of low volume) and a Parabolic SAR. Shout out from , Trinidad and Tobago, Caribbean.

[@keithsproson4328]

Great information again, that 1.5/1 ratio is pure gold , kept getting stopped , but with monies in hand , did not realise I was in a dead market, not enough experience, but happy my system seems to be coping, sorry VP,s 1.5/1 😀

[@freelangpo6113]

Perfect timing, Thanks VP

[@jairitsanders6759]

ARG. just got all caught up and trying to test indicators. i was wondering why nothing seemed to click. good vid VP

[@Troy_34]

After the 2nd time watching i caught that you said a 1:1 p/l ratio when technically its less with a 1.5 ATR stop but i think all of us true nnf soldiers understand especially with a good exit indie. Btw, that blog surprise shocked the ba-jezus out of me 😲

[@michaelkidman1678]

You continue to deliver absolutely a grade advice. Thanks mate

[@Erfi1604]

Hi VP! Great advice..as always!! Love your videos and all your explanations...

[@dougleeker5831]

Hey VP. Enjoy your stuff and Ive seen most all blogs and vdeos. Ive noticed you recently told folks to 'take' their first profit target. Ive been waiting for that. Truthfully ( and being involved with this for over 20 years), I've kindof been waiting for you to adjust your time frame. ( remember being adjustable?) Taking a '1st profit target' on a 'day bar' is a recipe for disaster long term. For anyone who doesnt have $100 k ( most) but who understands time, risk, reward and odds, and the 'program tradng' that IS this world ( banks and others) , a decent ROI is 8 to 10%. You can get that thru a simple mixed portfolio with a 15% high risk component. Actually, its even better odds. Why not save time and hire a 'share profit' broker? Most of your followers (I read their comments...smart folks) own a lower minimum on available funds, and need a lower time frame ( REALLY? you're going to look at a day bar trade and enter knowing you're already wrong on the 4 hour, 1 hour, 15 minute...even 5 minute?). I think you are very good at this. Probably the best series Ive ever seen. I think you enjoy it. In my humble opinion, If you really want to help folks who are NOT pros ( most), than get really challenging and tell them how to make money per day and week. It IS possible and the REAL issue. Thanks

[@sim_twistedfx7438]

Here I am watching this video again in 2024. Your work never fades, it stays relevant 🔥💯

[@Abel-ul6ey]

I found that the feeling of missing out (setting on your hand) is best resolve by always being involved in the markets with 1/3 of your position size. And, If one is right go full IN in your first continuation signal and close all loser no matter what. IMHO.

[@11pke]

Thanks VP. Excellent timing and a very good lesson.

[@Renee-cd3sm]

I'm still searching for a volume indicator. I can't find one that will give me better backtesting than I already have. Hoping to at least find one that will take some of my losses away. must...keep....going......

[@LorenzTraining]

Haha, i can´t believe this Video came right now. It´s EXACTLY what i needed, looking at the charts the last days and beeing completely bored by them. XD Thanks VP, keep up the great work! Back to checking volume indicators...

[@jeremiahcampbell2]

Well, this is the 1st video in a while that has me completely at a loss. I knew volume was low, I just didn't realize it was too low for a good volume indicator to even be signaling at all... Alright VP, touche.

[@Ralphitness]

Well, I read the blog post and after watching all the videos in the beginners playlist I can honestly say I didn’t see that coming! 🤣🤣🤣

[@VilkasDe]

Thanks for sharing this valuable information and keep acknowledging us about this huge market Forex. It's gonna be a long week waiting for your another video to come up, but hey we have a lot of things to do before that. I'm gonna go & Get it ! :)

[@bretttelford5545]

Yep!! Needed this video for sure!

[@jaswik2023]

This is just a extended saturday sunday but we can place trades

[@davethejackal2646]

Another great video, thanks VP. A suggestion when using the $EVZ? You said to ignore the daily activity spikes and just focus on the close of each bar ... maybe easier to view this if you change the Settings from the default "OHLC" to "Line" charts? Just a thought. Doing that though, it seems to have closed below "8" for well over half of the last 2 years?!

[@NoNonsenseForex]

I wouldn't need to since I filter it out automatically these days. But might be a good idea for newbies for sure.

[@bhekimanana1266]

My heart screamed BLASPHEMY!!! Soon as read the blog!!! Lmfao Smaller time frames out here lookin' like a hot side piece fam...

[@lucapuzzoli8363]

Can I predict what Vp is going to say About ichimoku?? MMmm it's a system based on support and resistance... dirty dirty dirty!!! And what about divergence VP?? that is just an other word to say (reversal) and (popularity)!! but I may be wrong ! Bless VP best teacher ever!!

[@jeremikossak9553]

VP, you are changing people's lives, in a good way... given that someone is not an idiot ;-)

[@dennydaniel2967]

SERIOUSLY!!!! this is like the call that I need.... this vlog has the timing ON THE SPOT!!!!

[@HoldTightMusic]

This video is pure gold.

[@mpendulomultiskilled5744]

Thanks man, I was really confused by this situation

[@weirdwelshman6191]

In short, when it aint happening, Go Beastmode!

[@LucElCoyoteDelisle]

opportunities are always there. Always a learning process...

[@cslye9233]

Hi VP, I noticed that $EVZ has been below 8 since Jan 2019 till now (Oct 2019). Does that mean we do not enter any trades for these 9 months until it goes above 8 consistently?

[@AzhdarPirshir]

this is exactly my question too. Now is 19-01-2020 and it went more down!!! still we should do nothing??

[@BluesyBor]

@@AzhdarPirshir maybe it's the time to readjust the 8-line to some lower level? Nah, probably not a good idea.

[@thefreedomproject4777]

@@BluesyBor 7 is the new 8 now .

[@rushishejwal7170]

I was wondering why m losing almost all trades on ma demo acc...i had this low volume doubt fr smtym...thanks a lot fr answerin...❤️

[@stuartgordon5743]

Hi Patrick. At about the 4.50 mark you said that this type of trend was not what Forex traders were looking for. I'm completely confused because I thought as a trend trader, that is a perfect trend. What am I looking for if not that? Thanks again for your great work.

[@nicholgadingan5040]

Market like this needs peculiar tricks that despite dead market still we can earn money...different scenario has counterpart strategy...

[@spameater1498]

Hmmm... About other options that were not mentioned in video and blog. How about instead of taking whole trade off when it hits TP let other half run but not as long as it normally would and close it while its somewhere above break even point by checking charts more often just to manage open trades? Like 1 or 2 more times per day, just to manage trades instead of once before candle close to open and manage them? That would bring bit more pips than taking off trades @ TP level, and allowed to cut loosing trades earlier if exit or main confirmation indicator shows to close them.

[@ryuck2938]

Thanks VP 🤙🏾 I like your advice

[@championbounce1519]

Honestly, I don't see what you're talking about here. I ONLY trade trends, and i've been absolutely killing it the last 2 weeks especially.

[@kumu8879]

Thank you for this video. I was sitting here frustrated as I saw no markets trending except for some super exotic like ZAR and SEK.... which I’m too scared to trade anyway.

[@Troy_34]

Very insightful video. Perfect timing as well. I even lowered my T/P and S/L to .8 and 1.3 respectively. Not sure if thats the smart thing to do but it works for me.

[@dbvasquez3332]

Thank you I am new to forex I was sure we were in a dead market but I wasn’t absolutely sure you just confirm .

[@mashroorsiddique724]

Very timely advice, VP !

[@salamathibe5716]

well you have said it all............since i started following you Mr VP honestly i can see clearly now!and thanks a lot!i have bin practicing a lot....since from last month well i really see good result...i cannot really wait for those perfect trends.....loooooool.thanks once again!!!!!!!

[@samuelrussell7876]

For people that are interested in stats, VP's strategy likely runs at a Profit Factor of ~1.25. Profit Factor uses win/loss % and winner/loser amounts as inputs to create one number. A PF under 1 would be a loser, for reference. Interpretation of the number is basically, for every $1 lost, $1.25 is gained. You can do your own search for what 'good' PF values are (it isn't entirely objective). I am not making a judgement in the strategy, just providing info for the community. I got this number because he has told us his returns hover between 20-30% a year, he risks 2% per trade, he trades 28 pairs, and I used an avg of 5 trades per pair per year for the frequency (this number was referenced in a video). This would be 140 trades creating the net profit, and upwards of .2 percent gain per trade taken. If he takes fewer trades on average, PF will be greater, conversely if he takes more trades it will be lower. Again, just for informative purposes as the community continues their trading journey.

[@alltheblessingswithbusisos2576]

VP I dont know you but I love you.... You make me feel intelligent😂😂😂.... Thank you

[@neomotsamai9290]

Hi O Bloma Mzansi?

[@JamesAmbrose48]

This is the problem with being just a trend trader. There are other strategies that work splendidly in these conditions. Most of your subscribers are probably not strictly trend trades for this very reason

[@limeydan]

Sage advice, thanks VP.

[@mphoshimane6617]

Hey vp thanks for shearing the information

[@nathantaylor3773]

VP what do you think of the Forced Index indicator? be interesting to hear your opinion.

[@michaelbarry1486]

WOW!...another really fantastic video!...i have never heard this information taught anywhere else in my 5 year search of trying to crack trading Forex, thanks VP!!

[@erikwong3116]

Thanks again VP, this is PERFECT for me