Joined Apr 2019
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Status: Crypto fanatic
|1,589 Posts
I'm a fan of graphs and these time-random attached charts give a visual overview of markets (these got nothing to do with the price/volume theory though)
I like to share some screens I look at on an everyday level, might spark some ideas for fellow traders. (But I don't use these in trade decisions, because of their irrelevance to the theory, which remains my best 'product' developed)
First shows US bonds and exotics.
Rising yields normally are markets bullish and falling bearish. But also the yield curve inversion is important to take into consideration.
Exotics have been quiet for some time and was more market moving during the time of big price drop in TRY and ARS. USD currencies added to eliminate the USD factor in the graph calculation.
Second shows currency, stock indices, gold, and oil.
Currencies listed as green are normally considered market bullish and red are considered market bearish. EUR and GBP can't be put into this category so they're yellow and orange. Stock indices have a slight correlation to the currencies mentioned above. By adding USD crosses to the XAU/USD will eliminate the USD factor and show the more 'real' XAU price movement, same with oil.
Joined Apr 2019
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Status: Crypto fanatic
|1,589 Posts
02 July/third-day status:
1 trade closed (GBP/JPY) at 28p profit, making it 7/7 in profitable trades with a total of 188p (so far so good)
We got 3 positions open (2x EUR/CHF sell and 1x USD/JPY buy) currently stands at a 10p profit
Bringing those trades into the new day. (Updated with a screenshot of the 8 currencies day and open trades)
I like this thread very interesting i subcribe. keep up good work mister Hope you continues
Ignored
Thanks you for compliments, it motivates me.
Well, that's the plan. I don't expect to be able to hold up a perfectly clean sheet record ofc, but I hope and expect this method to continue being overall profitable.
Joined Apr 2019
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Status: Crypto fanatic
|1,589 Posts
The most volatile pair current today is the GBP/AUD, for education/showing purposes I attached a chart showing flows today (this is not a trade)
Notice how volume several times tries to move price, but must give up.
Volume data shows a 'baseline' for where the natural price level should be according to retail clients.
Ignored
very big mistake.
volume has nothing to do with retail traders. volume is just related to banks , institutions & big players.
the volume of retail traders is very very small , because 80% of them are losers, and the winner retail traders are having very small accounts (in comparison to the big accounts of big players).
so, the volume data which you receive from your broker is meaningless.
{quote} very big mistake. volume has nothing to do with retail traders. volume is just related to banks , institutions & big players. the volume of retail traders is very very small , because 80% of them are losers, and the winner retail traders are having very small accounts (in comparison to the big accounts of big players). so, the volume data which you receive from your broker is meaningless.
Ignored
I must disagree with you.
Retail clients volume is very relevant and useful and no, it's not just related to banks, institutions and big players.
Yes, the retail volume might not be a big factor in the overall volume of the entire FX market. My whole system is built upon the theory that the 'amateurs' activity can be monitored and they seem to be taking advantage of and used to profit from, maybe by some of the parties you mention above.
I would agree with you, that data from just one broker in your hypothetical assumption, wouldn't be enough for 'the baseline' and create the best possible overview of volume activities. However, since you are not aware of where I get and collect my data, commenting on it is assumptions, but I appreciate you joining the discussion.
{quote} I must disagree with you. Retail clients volume is very relevant and useful and no, it's not just related to banks, institutions and big players. Yes, the retail volume might not be a big factor in the overall volume of the entire FX market. My whole system is built upon the theory that the 'amateurs' activity can be monitored and they seem to be taking advantage of and used to profit from, maybe by some of the parties you mention above. I would agree with you, that data from just one broker in your hypothetical assumption, wouldn't be enough...
