Hindsight m1 trades of yesterday with black lines showing optimal entries:
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Disliked{quote} Thank you for the answer Rick. Another question, since there is no true volume/DOM etc., in Forex, what if you had access to the order book? With that said, Oanda offers us B-book clients an order book that's updated, I believe, every 20 minutes. The order book is very generic and doesn't give you the precise number of pending orders at any given price but does show the distribution of buy and sell orders supposedly proportional to the number of actual orders. Since price moves from one liquidity pool to another, do you believe that this...Ignored
DislikedThank you for your sharing. It's an interesting topic indeed..... So, basically you're a counter trend trader trying to pick top/bottom....Ignored
DislikedOnce @Lekkim used the word "volume" everybody went berserk... In post #43 @Rosalieone brought up an interesting article illustrating tick frequency could be a proxy for trade volume, but nobody was listening anymore. @ryuryu, @W0lfram, @RickM, @moodybot, @CashBox, @TimeTells, @bluesteele: Congrats, you have succesfully killed @Lekkim's thread with many posts fighting and accusing each other. Too bad we will not able to learn from @Lekkim's ideas...Ignored
Disliked{quote} Hi Lekkim Curious, does the criss cross of price and volume-red/green {like a moving average} has any significance? ThanksIgnored
DislikedGuys, It's clear there are two warring factions, please take your beef back to your base or open a new thread. It is looking like, there was no traction and very few takers for your previous posts {both groups} and that you had to hijack a thread. Have some courtesy and respect for your fellow ff members{in this case, the OP} ThanksIgnored
Disliked{quote} Sorry you asking RickM, but I can answer too. The orderbook contains "wishes". It is not full liquidity, because the orders can be removed immediately (and because 90% of orders are from the big player - that's how he knows the real liquidity). It is "I want to buy at" and "I want to sell at". But it is very useful if you want to determine the walls. Because if you are in profit and face the wall then better to exit then wait for it to be eaten (because in most cases it will not and the price will bounce back to loss. So in this case 20...Ignored
Disliked{quote} Thank you for the answer Rick. Another question, since there is no true volume/DOM etc., in Forex, what if you had access to the order book? With that said, Oanda offers us B-book clients an order book that's updated, I believe, every 20 minutes. The order book is very generic and doesn't give you the precise number of pending orders at any given price but does show the distribution of buy and sell orders supposedly proportional to the number of actual orders. Since price moves from one liquidity pool to another, do you believe that this...Ignored
DislikedSame with m5 timeframe on this week, I will not put black entries lines anymore, I hope you get the point. Buy when red price lines makes larger move away from green volume lines and when to close it is up to you. I suggest you do it in profit or at least closes when gap closes and red price touches green volume again. {image} {image} {image} {image}Ignored
DislikedHindsight m1 trades of yesterday with black lines showing optimal entries: {image} {image}Ignored
Disliked{quote} Sorry you asking RickM, but I can answer too. The orderbook contains "wishes". It is not full liquidity, because the orders can be removed immediately (and because 90% of orders are from the big player - that's how he knows the real liquidity). It is "I want to buy at" and "I want to sell at". But it is very useful if you want to determine the walls. Because if you are in profit and face the wall then better to exit then wait for it to be eaten (because in most cases it will not and the price will bounce back to loss. So in this case 20...Ignored
DislikedMy view is other than your. For example EURNZD. What must change in settings ? {image}Ignored
Dislikedprice tend to move with in a trend when going into a certain direction. however, over liquidity might force price move ahead of trend and this indicator might indicate that over stretched price moves where it will correct soonIgnored
Disliked{quote} Thank you for the examples. By the way, how do you handle DD such as the one shown below? Adding up more positions? {image}Ignored