Before the London open, usually the market respects some well defined range. Stop 4p (3p below the low), target 8 p (. {image}
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Hi Srmfx, I have been reading your thread the last couple of days; to be honest I have not read the whole thread, only until page 37. I would like to congratulate you for your thread is very clearly explained and to the point. I have some questions. I use volume as well, in a different way as you do, as far as I know you look at the quotes and when you see big jump in the quote coming in is when you enter the market. At the in forex the quotes that you mention is the = to ticks and ticks = volume I use volume on the 5 min chart, the 1 min chart is too fast for me, the rest is the same as in your strategy or almost, I do not trade counter trend trades as you sometimes do and I define a pullback with the CCI set at 14 periods. My question si what would you consider big volume coming do you have a way to translate what you do to my way of looking at volume, for example volume been bigger than on the last 3 bars or something similar. Also I see that you manage the positions in a very efficient way, basically you get out in 3 different occasions. My question regarding this is what a % you sell the first part % of the second and % of the last? Sorry that I have not read everything before asking but after reading 37 pages I was getting bold of tearing my hair and I had to ask Thanks Kind regards
{quote} Hi Srmfx, I have been reading your thread the last couple of days; to be honest I have not read the whole thread, only until page 37. I would like to congratulate you for your thread is very clearly explained and to the point. I have some questions. I use volume as well, in a different way as you do, as far as I know you look at the quotes and when you see big jump in the quote coming in is when you enter the market. At the in forex the quotes that you mention is the = to ticks and ticks = volume I use volume on the 5 min chart, the 1 min...
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Hi Frag8383,
I close the positions usually in 3 equal parts. What volume do you use - tick volume, futures, etc.?
{quote} I use the tick volume that comes with my broker IG
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The tick volume is only part of the picture. The quote reading provides info about the size of the ticks (orders) and the number of ticks in one direction.
{quote} The tick volume is only part of the picture. The quote reading provides info about the size of the ticks (orders) and the number of ticks in one direction.
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Thanks for your replies, I dont know how to read the quotes so I will think of a way of measuring the change in volume
