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Advanced volume trading

  • #101
  • Jan 3, 2021 5:17pm Jan 3, 2021 5:17pm
Quoting KareemAliFx
{quote} I’m not sure what your idea is in terms of how many pips it takes to move especially a highly trades asset such as eur/usd, but you need understand that it takes billions to move it even just a 100 pips. We retail traders have no effect of price end of damn story even during low trading activity. A “group of retail traders can move the market” that is the most wrong statement I’ve seen here so far on FF and I hope people don’t seriously believe this. I agree with you when you say the market makers do move liquidity into the market that is...
Hi Kareem

If 8% of the days Volume moved together at the same time, yes a group of traders would move the market. Of course, you couldn't get thousands of traders to act at the same time.
The market is just a Auction so once all nearby Buys or Sells are Exhausted - price moves.
Looking at that spike on Friday on EURUSD, it took only about 3% of the daily Volume to turn the market and send it into a Bearish trend.

Cheers
Trading thin liquidity at the boundary of the charts
  • #102
  • Jan 3, 2021 5:17pm Jan 3, 2021 5:17pm
Quoting xRedStaRx
{quote} The correlation between USDJPY and the stock market has broken down since COVID, risk-off selling makes USDJPY go up, not down. The reason why the demand for USD goes up is that stock market selling is mostly hedged, and US treasuries are the global safe haven. In a real risk-off, all money goes to the Dollar, not the Yen. Even CHF is better for safe havens than Yen today given the reflationary story.
No, currencies general status from bullish to bearish is: aud,nzd,cad,gbp,eur,usd,chf,jpy
  • #103
  • Edited 5:30pm Jan 3, 2021 5:20pm | Edited 5:30pm
Quoting detector
OK Lekkim, we need you with your analysis, hedge gold if need be, think most missed it but pulled the post, lost the moment, we're good to go, D
Haha mate I've just updated my demo.
I will be opening new real acc today as well, but until then I trade on the demo mentioned previously. What quotes do you want an analysis of?
  • #104
  • Jan 3, 2021 5:30pm Jan 3, 2021 5:30pm
Quoting FXsniper111
{quote} That is why we try to get out within 1-5 minutes so big players dont effect us.....Right?
Hi FXsniper

Big players can effect us the moment we enter a trade - its just our style to get in and out fast while the Buy or Sell delta is about to flip our way, or is moving our way.
They say there is many ways to skin a cat, trading is no different.

If we study Volume and trust what it tells us, we could make the same profits by staying longer. I kept referring to EURUSD on Friday where that massive one minute candle should have kept us in a Sell trade till close of market at the end of the day.
BWilliams is probably just sick of spending hours and hours in front of a chart so just looks for a prefect entry on a longer time frame.

Cheers
Trading thin liquidity at the boundary of the charts
  • #105
  • Jan 3, 2021 5:34pm Jan 3, 2021 5:34pm
Quoting Lekkim
{quote} Haha mate I've just updated my demo. I will be opening real acc today as well, but until then I trade on the demo mentioned previously. What quotes do you want an analysis of?
Lekkim, no need to open a live test on anyone's behalf, for testing purposes we can all work together, post the cross that throws the signal and we'll examine, we're in it with you, the time period may become a pain, midnight here in the UK but we're working around the clock, so you cannot sleepD
I don't need to be good at the game, only good enough to beat my opponent,
  • #106
  • Jan 3, 2021 5:38pm Jan 3, 2021 5:38pm
Quoting detector
{quote} Lekkim, no need to open a live test on anyone's behalf, for testing purposes we can all work together, post the cross that throws the signal and we'll examine, we're in it with you, the time period may become a pain, midnight here in the UK but we're working around the clock, so you cannot sleepD
Thanks, but that's what I want to do, on my own behalf.. Also, it often makes discipline stronger when the real dough is on the line, hehe
I will be giving you your chart fix soon, just hang in there I've got the strangest sleeping schedule you can imagine lol
  • #107
  • Jan 3, 2021 5:42pm Jan 3, 2021 5:42pm
Quoting BWilliam
{quote} The fundamental problem with volume is the volume from mt4 platform that retail traders work with is tick data from the broker which is mostly filtered meaning "dirty" tick data. This tick data which retail brokers label as volume is not the actual volume of transactions transacted in the interbank market. It may carry the same name of volume but they both don't mean the same thing. So any attempt to pass off this tick data as volume of transactions is wrong.
Here is an example between the paid volume data I get and Tick volume on MT4.
I cannot say if any data we get is accurate, but we need to trust data we work with and the MT4 tick data is useless in my opinion.

The blue line in the top chart is what I consider average volume, I will look to take trades when I see spikes in volume that match price expansion, either with or against the direction. That large white spike was high of day.
Attached Image (click to enlarge)
Click to Enlarge Name: volume v tick.jpg Size: 128 KB
Trading thin liquidity at the boundary of the charts
  • #108
  • Jan 3, 2021 5:49pm Jan 3, 2021 5:49pm
Quoting Lekkim
{quote} Thanks, but that's what I want to do, on my own behalf.. Also, it often makes discipline stronger when the real dough is on the line, hehe I will be giving you your chart fix soon, just hang in there I've got the strangest sleeping schedule you can imagine lol
Just for the record, are you working trades based on the 1min, also fxbook, are open trades all part of the project? maybe a "sticky" on the first page, you'll only get asked this question a million times, here's to a good project turning into a super oneD
I don't need to be good at the game, only good enough to beat my opponent,
  • #109
  • Jan 3, 2021 5:54pm Jan 3, 2021 5:54pm
Rick, although the tick volume data looks quite different , the spikes seem to be still telling pretty much the same story.
  • #110
  • Jan 3, 2021 5:54pm Jan 3, 2021 5:54pm
Quoting Lekkim
{quote} Thanks, but that's what I want to do, on my own behalf.. Also, it often makes discipline stronger when the real dough is on the line, hehe I will be giving you your chart fix soon, just hang in there I've got the strangest sleeping schedule you can imagine lol
I hear you
I don't need to be good at the game, only good enough to beat my opponent,
  • #111
  • Jan 3, 2021 5:57pm Jan 3, 2021 5:57pm
Quoting detector
{quote} Just for the record, are you working trades based on the 1min, also fxbook, are open trades all part of the project? maybe a "sticky" on the first page, you'll only get asked this question a million times, here's to a good project turning into a super oneD
I can't make any post 'sticky', idk seems like I can't do much as admin in this type of thread, weird.. You know how to?
Hear, hear
  • #112
  • Jan 3, 2021 5:59pm Jan 3, 2021 5:59pm
Quoting Lekkim
https://www.myfxbook.com/members/Lekkim/avt/7605431 Demo up and running today, however, my full focus will first be on this from next week
Broker haven't opened it seems, otherwise it will be updated regularly in break even atm
  • #113
  • Jan 3, 2021 6:05pm Jan 3, 2021 6:05pm
Quoting Lekkim
{quote} I can't make any post 'sticky', idk seems like I can't do much as admin in this type of thread, weird.. You know how to? Hear, hear
You should be able to Edit the first post to include the link, timeframe etc.. hope this helps, anyone involved should be reading from the start, current crew accepted, anyone else then yes, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #114
  • Jan 3, 2021 6:09pm Jan 3, 2021 6:09pm
There were some nice index and strength indicators on fxcm's marketscope.
Then they decided to close my account since I'm a EU resident. It was a good explationary tool as well.
I switched to other software, but I would still recommend those if u have an account and it hasn't been shut down for non-eu users as well
Attached Image
  • #115
  • Jan 3, 2021 6:13pm Jan 3, 2021 6:13pm
Quoting Lekkim
There were some nice index and strength indicators on fxcm's marketscope. Then they decided to close my account since I'm a EU resident. It was a good explationary tool as well. I switched to other software, but I would still recommend those if u have an account and it hasn't been shut down for non-eu users as well {image}
Demo too?
I don't need to be good at the game, only good enough to beat my opponent,
  • #116
  • Jan 3, 2021 6:14pm Jan 3, 2021 6:14pm
Idk why fxdemo don't update yet, i'm hitting the market pretty good atm
  • #117
  • Jan 3, 2021 6:15pm Jan 3, 2021 6:15pm
Quoting detector
{quote} Demo too?
Idk, check in marketscope in the 'shop' there, if there is currency strenght indi there
  • #118
  • Jan 3, 2021 6:27pm Jan 3, 2021 6:27pm
Quoting Lekkim
{quote} Broker haven't opened it seems, otherwise it will be updated regularly in break even atm
117$ equity
This will be managed high risk/high reward
  • #119
  • Jan 3, 2021 6:27pm Jan 3, 2021 6:27pm
Quoting Lekkim
{quote} Idk, check in marketscope in the 'shop' there, if there is currency strenght indi there
Hitting a wall with that one, anyone else?
I don't need to be good at the game, only good enough to beat my opponent,
  • #120
  • Jan 3, 2021 6:41pm Jan 3, 2021 6:41pm
Lekkim, will speak tomorrow, getting late here, wanted to see the NewYear start with my current positions, will catch up soon, D
I don't need to be good at the game, only good enough to beat my opponent,
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