Volume is the heart of trading Forex. This tells us how much interest is in a candle or at a price level zone- where big money and hedge firms are trading.
On chart example: London and NY session overlap is a very high liquidity and volume time every day to trade. Only 4 hour period.
1) Is price action over a critical price action level? yes- 1.55000 2) Is price action over 20 ema of Bolliger Bands? yes- over yellow line 3) Use ATR for stop loss, entry and targets- this is something that all Forex traders should know on pair that is being trader. 4) On chart is 25 pip stop vs 62.5 pip is risk reward 1:2.5 setup 5) Only find setup at around start of London/NY overlap and trade during this 4 hour time period. Close all trades at end on London session.