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  • #1,162,601
  • Feb 17, 2020 1:01am Feb 17, 2020 1:01am
Quoting here2there
{quote} Should one be ashamed of that? I think not. You are coming across as condescending and disrespectful. I suggest you tone it down. You are not setting a good example. Moreover, it is embarrassing to yourself to behave in such an uncouth manner.
Tech simply just saying it is useless, and you are saying it's not and useful... then show how it is useful. End of discussion. But why can't you show it.. Nothing to show?
Only an idiot knows with certainty to where the market is going.
  • #1,162,602
  • Feb 17, 2020 1:12am Feb 17, 2020 1:12am
Quoting MrBullBear
{quote} Tech simply just saying it is useless, and you are saying it's not and useful... then show how it is useful. End of discussion. But why can't you show it.. Nothing to show?
stop asking him to strip lmao
  • #1,162,603
  • Feb 17, 2020 1:20am Feb 17, 2020 1:20am
Germany is a major economy in EU so German economic news matter

next comes ECB rate decision and monetary policy
same goes with FOMC

look for policy shift decisions from major news events
  • #1,162,604
  • Feb 17, 2020 1:25am Feb 17, 2020 1:25am
Am not sure to get long on the eurusd, with Brexit concluded. I think the euro must be weak
99.9% persistence
  • #1,162,605
  • Feb 17, 2020 1:25am Feb 17, 2020 1:25am
Quoting MrBullBear
{quote} Tech simply just saying it is useless, and you are saying it's not and useful... then show how it is useful. End of discussion. But why can't you show it.. Nothing to show?
It's not that I can't show that it's useful but rather that I am not going to take a troll's bait. I have spent a great deal of time and money learning this stuff. There is no reason why others shouldn't do the same.

I have no obligation to teach people what I know about trading, nor am I obligated to prove anything here.

I recommended a good book on the subject written by Anna Coulling. If anyone really wants to know how to use volume correctly in the Forex market, then he or she will be willing to do the research and spend the money to learn how from those who are using it successfully.

I will not waste my time trying to teach someone who has been verbally abusive towards me. Such people don't deserve a handout.

If anyone wants to think less of me or assume I don't know what I am talking about or can't prove what I know because I don't show and tell, then I really don't care.
Learn from your mistakes and march on.
  • #1,162,606
  • Feb 17, 2020 1:37am Feb 17, 2020 1:37am
Quoting here2there
{quote} It's not that I can't show that it's useful but rather that I am not going to take a troll's bait. I have spent a great deal of time and money learning this stuff. There is no reason why others shouldn't do the same. I have no obligation to teach people what I know about trading, nor am I obligated to prove anything here. I recommended a good book on the subject written by Anna Coulling. If anyone really wants to know how to use volume correctly in the Forex market, then he or she will be willing to do the research and spend the money to...
It's very simple. You have no idea how to trade. You can't show chart examples because you know it does not work with trading the volume. No such a thing in forex.
  • #1,162,607
  • Feb 17, 2020 1:37am Feb 17, 2020 1:37am
EURUSD has yet to show signs of buying, today the trend is still bearish, but I am more neutral from other days when volume was bigger both in futures market and forex.

I wish you a good day.
Looking for profitable short term trades ...|
  • #1,162,608
  • Feb 17, 2020 1:45am Feb 17, 2020 1:45am
Forex trading is decentralized, OTC trading. There is no single place to look at to see the actual volume of a currency pair. That's why it's often said that the volume provided by your broker is useless. Institutional Forex trading volume, the volume that matters and moves the markets.

The Forex market is a decentralized market, which means that there is no formula for volume or method of keeping track of the number of contract and contract sizes, such as in the stock market. The Forex market measures volume by counting the tick movements.
  • #1,162,609
  • Feb 17, 2020 1:49am Feb 17, 2020 1:49am
Quoting Techanalyst
{quote} What is the reason behind your analysis? Can you share charts and explain it why do you think it will go back up to 1.2 ? My analysis is EUR will go down to 0.99xx on a monthly chart. Possibly will see some pullbacks up, but it will drop down to 0.99xx. The blue box shows the institutional supply fresh zone. {image}
See how the price range tightened in the past year compared to the past 10 years? Fundamentally the Euro is supposedly 20% undervalued, which makes sense because technically EUR/USD is around 20% below normal range.
Count Of Antwerp
  • #1,162,610
  • Feb 17, 2020 1:55am Feb 17, 2020 1:55am
To anyone who may have been taught volume is useless in the Forex market, please understand that while it is true that real volume is not provided by brokers in the Forex market, tick volume is present.

Having said that, studies have shown that tick volume is not that far off from real volume that it should be a concern to traders. In other words, tick volume, though imperfect, is useful for technical analysis in the Forex market.

Read: https://robocod.blogspot.com/2014/06...ume-study.html
Learn from your mistakes and march on.
  • #1,162,611
  • Feb 17, 2020 1:59am Feb 17, 2020 1:59am
Quoting here2there
To anyone who may have been taught volume is useless in the Forex market, please understand that while it is true that real volume is not provided by brokers in the Forex market, tick volume is present. Having said that, studies have shown that tick volume is not that far off from real volume that it should be a concern to traders. In other words, tick volume, though imperfect, is useful for technical analysis in the Forex market. Read: https://robocod.blogspot.com/2014/06...ume-study.html
Based on some amateur article. Stop, you are embarrassing yourself.

Forex trading is decentralized, OTC trading. There is no single place to look at to see the actual volume of a currency pair. That's why it's often said that the volume provided by your broker is useless. Institutional Forex trading volume, the volume that matters and moves the markets.

The Forex market is a decentralized market, which means that there is no formula for volume or method of keeping track of the number of contract and contract sizes, such as in the stock market. The Forex market measures volume by counting the tick movements.
  • #1,162,612
  • Feb 17, 2020 2:57am Feb 17, 2020 2:57am
NO touch R1 10 days hmm...
  • #1,162,613
  • Feb 17, 2020 8:51am Feb 17, 2020 8:51am
Quoting PatienceFx
{quote} Tuesday German ZEW Thursday ECB monetary policy Friday I forgot Rest of the days EU will continue south {quote} Monday us bank holiday sideways Thursday if there is no rate cut then the rebound will be sharp {quote} Enjoy the week and avoid foolish trades {quote} And if you like my post give it a like
16 hours zzzzzzzzzzzzzzzzz

so first line Monday sideways comes true
  • #1,162,614
  • Feb 17, 2020 3:35pm Feb 17, 2020 3:35pm
Price eventually will want to punch through this fake support.
  • #1,162,615
  • Feb 17, 2020 4:00pm Feb 17, 2020 4:00pm
Quoting EvilEye
Price eventually will want to punch through this fake support.
Or it will shoot up following a fake breakdown.
Learn from your mistakes and march on.
  • #1,162,616
  • Feb 17, 2020 4:51pm Feb 17, 2020 4:51pm
We are nearing the end of last week’s cycle, true.
Market is dragging it’s feet trying to finish it up.
I still have a short on from yesterday, but will probably move stops to BE +1 now I have collected some positive swap on it.

Expecting turbulence around the 0800 mark, or even before that.
  • #1,162,617
  • Feb 17, 2020 5:04pm Feb 17, 2020 5:04pm
Quoting EvilEye
We are nearing the end of last week’s cycle, true. Market is dragging it’s feet trying to finish it up. I still have a short on from yesterday, but will probably move stops to BE +1 now I have collected some positive swap on it. Expecting turbulence around the 0800 mark, or even before that.
This is the area where the uninformed go from being bullish to bearish due to suffering loss after loss. The market makers are masters of deception and will likely turn the tables on the bears sometime in the near future. They are far more patient than the average retail trader. They can afford to be.
Learn from your mistakes and march on.
  • #1,162,618
  • Feb 17, 2020 5:09pm Feb 17, 2020 5:09pm
Quoting Techanalyst
{quote} What is the reason behind your analysis? Can you share charts and explain it why do you think it will go back up to 1.2 ? My analysis is EUR will go down to 0.99xx on a monthly chart. Possibly will see some pullbacks up, but it will drop down to 0.99xx. The blue box shows the institutional supply fresh zone. {image}
It is around 20% below its' average range past 20 years and thus is under-valued - by around 20%.
Count Of Antwerp
  • #1,162,619
  • Feb 17, 2020 5:11pm Feb 17, 2020 5:11pm
Quoting Js3mwtRc
EURUSD has yet to show signs of buying, today the trend is still bearish, but I am more neutral from other days when volume was bigger both in futures market and forex. I wish you a good day.
The past 2-month chart is full of signs of buying...
The price going down doesn't mean no-one is buying.
Count Of Antwerp
  • #1,162,620
  • Feb 17, 2020 5:15pm Feb 17, 2020 5:15pm
Quoting countaccrue
{quote} It is around 20% below its' average range past 20 years and thus is under-valued - by around 20%.
It is in extreme unfair value territory. It's showing all kinds of signs of being exhausted.
Learn from your mistakes and march on.
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