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  • #15,741
  • Mar 7, 2018 12:39pm Mar 7, 2018 12:39pm
Quoting tiborf71
it is often the case that we have a direction in ourselves. and we can not find any evidence for that. but we are analyzing our evidence.
but it's psychology.
  • #15,742
  • Mar 7, 2018 12:52pm Mar 7, 2018 12:52pm
Sharks sharks come
SP HUNTER
  • #15,743
  • Mar 7, 2018 1:00pm Mar 7, 2018 1:00pm
Quoting Davit
{quote} Hi friend I am practical person statement you posed must have basses in reality otherwise everything becomes subjective.There is no conclusive data retail metatrader tic volume has any relations with real volume that moves price. So we must establish concrete foundation that retail volume has validity then after we can discuss its usefulness but until then mental intellectual gymnastics don't interest me. regards
Fair enough..

Stay Green
Focus only on what truly matters!
  • #15,744
  • Mar 7, 2018 1:02pm Mar 7, 2018 1:02pm
Quoting Ata-Turkoglu
{quote} I kindly would like to invite in "logical" thinking for a second.. Let's say we put all Forex traders in a pool and name this group "A" and then we take the traders of some specific broker into another pool and name this group "B".. So, based on mathematical proportions theory every sample mixture that is extracted from a greater "homogeneous" mixture must still react the same way. Meaning every group of humans that belong to a larger society will show similar behavioral patterns as the society. Meaning that no matter how small or big the...
Except in your illustration, by "all forex traders" in pool A is meant ALL i.e. both retail traders (6% of total by account size) and institutional traders (94% of total by account size), then I think your proportionate premise doesn't apply.

Why? Because the admixture of the traders in pool A (retail and institutional combined), will thus be in a different mould than the traders in pool B made up of retail traders alone.

Of course I assume that all agree that the trading pattern of the institutional traders is quite different from that of the retail ones.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #15,745
  • Mar 7, 2018 1:59pm Mar 7, 2018 1:59pm
Quoting Davit
{quote} Hi M I think you have the whole volume thing wrong.Your feed is from your broker and your broker is dealing with retail traders which as whole only 6% of the market. What moves price will not show up on your volume indicator! Forces that move price have direct access to the market which is cut out for retail traders. Your volume is an illusion that has no basses to place any trade.I am still surprised lot of guys are looking at volume here.Its a useless dinosaur. regards Its worth watching Mark Douglas video about who moves price what he...

thank you, but I really can trade the volume, I just do it, I know what is it /thick/ and know its not true volume /broker/ . I have no need to prove it or something, you are against it. But I can show you lot of very good trades I can find it with this dinosaur. And we are offtopic so lets stop, I will check your video, thank you sir.
  • #15,746
  • Mar 7, 2018 2:11pm Mar 7, 2018 2:11pm
I hope I can say one more short thing about volume. All how I use volume /or indicator named "volume"/ is in principle this: any candle on high volume is "true" and show direction, any kind of candle on low volume is "not true" . If you observing the market and know some basic things, and know how to apply this very very rough principle to your strategy, you can see every 5minutes every day that even "shitty-thick-broker-4percent-bad-bad-not-a-real-volume" is definitely not useless. I do not want to discuss this more. If not argee just ignore me, I also ignore all harmonic patterns analyses, and similar things because I just do not like them.
  • #15,747
  • Mar 7, 2018 2:31pm Mar 7, 2018 2:31pm
Wished I bought the 1.2390 dip.
  • #15,748
  • Mar 7, 2018 3:06pm Mar 7, 2018 3:06pm
Quoting orangekoala
Long 1.24025, stops at 2386. Aiming for daily R1 @ 24534 {image}
Stops at be, changed target to 2475
  • #15,749
  • Mar 7, 2018 3:12pm Mar 7, 2018 3:12pm
Quoting orangekoala
{quote} Stops at be, changed target to 2475
Nicely done, grats.
  • #15,750
  • Mar 7, 2018 3:24pm Mar 7, 2018 3:24pm
I see two possible scenarios ahead.
I think 'a' before 'b', because of the compressed volatility of the second cycle.
From experience EUR/USD often sweeps out both the longs and shorts before the 'big move'.
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  • #15,751
  • Mar 7, 2018 3:41pm Mar 7, 2018 3:41pm
Early stages but maybe a potential evening star at the top of an uptrend (daily) more confluence with everything being overbought

still short bias tomorrow will tell I guess
  • #15,752
  • Mar 7, 2018 3:43pm Mar 7, 2018 3:43pm
Quoting surgeon
{quote} Except in your illustration, by "all forex traders" in pool A is meant ALL i.e. both retail traders (6% of total by account size) and institutional traders (94% of total by account size), then I think your proportionate premise doesn't apply. Why? Because the admixture of the traders in pool A (retail and institutional combined), will thus be in a different mould than the traders in pool B made up of retail traders alone. Of course I assume that all agree that the trading pattern of the institutional traders is quite different from that...
I ought to have said "If" and not "Except" (opening word).

And to complete the line of reasoning, if on the other hand pool A consists of all retail traders (minus institutional ones), this indeed would be a group homogenous with a sample from it in pool B (retail traders of a particular broker).

However, whereas indicator trends in the sample pool B (such as volume) does mimic trends in pool A, this only reflects the trading pattern of 6% of ALL traders retail plus institutional combined - and I dare say, with the tendency of being the losing trend between the two.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #15,753
  • Mar 7, 2018 6:30pm Mar 7, 2018 6:30pm
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  • #15,754
  • Mar 7, 2018 8:32pm Mar 7, 2018 8:32pm
EUR cycle update.
didn't quite develop as fast as I had hoped.
or it developed too fast without as much movement as I thought.
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  • #15,755
  • Mar 7, 2018 8:35pm Mar 7, 2018 8:35pm
Kept getting this despite didnt exactly go that way the first time. 1.2400 area dividing line for bulls and bears,been ranging around there.H n S inverted for up.When the slow moves bull/bears are over ,expect a real move up.

Plenty pips to all
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Follow the Flow and Grow
  • #15,756
  • Mar 7, 2018 8:54pm Mar 7, 2018 8:54pm
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  • #15,757
  • Mar 7, 2018 10:47pm Mar 7, 2018 10:47pm
Give me 1.2390 please...I want to buy..
  • #15,758
  • Mar 7, 2018 10:57pm Mar 7, 2018 10:57pm

EUR/USD by end of day we have a major resistance level @ 1.24272.


It might push through this level today since its still early in the morning, unless it closes above this level my taught's might be otherwise.


other then that I'm looking at the standing at down stream river eating up theSalmon which just made their journey back home, lol for those of you who watch animal planet.


  • #15,759
  • Mar 7, 2018 11:02pm Mar 7, 2018 11:02pm
activated bullish h&S was stopped by ADP news and trend line yesterday but could not fade it
today I guess it is going on,rate news may push it up ,now 0% is it possible lower rate?
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  • #15,760
  • Mar 7, 2018 11:08pm Mar 7, 2018 11:08pm
Quoting peyman
activated bullish h&S was stopped by ADP news and trend line yesterday but could not fade it today I guess it is going on,rate news may push it up ,now 0% is it possible lower rate? {image}
as they say:"only time will tell" but in this instant, " only the market will tell".
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