So Before i get into the entire thing about Volume Bars:
3 things to point out to @therealInsideBar, how are you back testing for years of your price action if that has to do with your chicken gum chewing, When back testing has to do with historical data.
Second thing is we trade pretty much same way i just use Volume bars as a way to spot the exact price action happening now, instead of just looking at long candle for example.
(Never claimed this is a centralized market, that’s why i call them Volume Bars and not pure Volume).
Third call it what you want smart money, Market Makers, Banks, Institutions, Whatever (they are the movers of the markets, be it Futures, CFDs, Stocks, Forex, Commodities, etc.
@steveepperson , @Blackduck , and others ill just reply here and expand on what i see with VSA:
I always take into factor news and major events, also not to mention market opens in different time zones for if Volume spikes happen.
2 pointers:
If i was looking a long body candle and price moved in a certain direction, what helps me point out if price will continue in that direction is Volume Bars (based on How liquid price was getting hit back and forth).
When i see price going in one direction and Volume Bars keep Increasing, then all of a sudden Volume Bars get much lower ( indication to me that MM are no longer able to get the price they want and start going in the opposite direct as i showed with EU and Gold in both those Screenshots.)
I will elaborate more later on why I use No Demand and No Supply as a confirmation to get in the trade.
P.S. Price action is how i trade, i confirm my trades with Volume bars when to entire so i am not just relying on channels, breakouts, and boxes as some other traders look at