{quote} Eyes wide open and lot of practice... seriously
"Exchange of hands"
Price action at the core = family members' discussion project
- #881
- Jan 24, 2021 5:12am Jan 24, 2021 5:12am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
- #882
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- Joined Jan 2016 | Status: I am not a trader | 1,238 Posts
{quote} i dont consider it as the right answer, seriously
- #883
- Jan 24, 2021 5:17am Jan 24, 2021 5:17am
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{quote} But I do ...
"Exchange of hands"
- #884
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- Joined Jan 2016 | Status: I am not a trader | 1,238 Posts
{quote} you won
- #885
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- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #886
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"Exchange of hands"
All the best asset21!- #889
- Jan 24, 2021 8:55am Jan 24, 2021 8:55am
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Know what you trade
- #891
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- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #893
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Observer effect
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- #895
- Jan 24, 2021 2:45pm Jan 24, 2021 2:45pm
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #896
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- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #897
- Jan 24, 2021 5:13pm Jan 24, 2021 5:13pm
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Quoting bilal1947
{quote} Hi Rick few queries for my understanding please {image}
Hi Bilal1947
Here is how Volume tells us direction.
This is the Gold chart a few bars after that massive spike down which contained only Selling Delta.
There was very little Buyers creating that spike down so they didn't stop the move. the move stopped because there was very few in the world Selling Gold for a while.
After the big Red candle and the big red volume shows a downwards direction, we start getting large white bullish signals.
1.. Average volume size here is around 150 , so above 150 is good volume, below is weak volume.
2.. All big volume M1 candles show a bullish move.
3.. Weak volume M1 candles still show a bullish direction.
The green boxes are important because it shows bullish direction without Sellers
The volume tells us aggressive market buyers are entering the market, when volume is weak on some M1 candles - its because there is NO SELLERS.
We just don't need fibs and market structure to tell us how to trade - we just need a pair of eyes
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1611497837
-------------------------------------------------------------------------------------------------------------
As I can only speak for myself, here goes .....
I'll try to be nice about what I say here because I don't think it's RickM's fault really, the way he is interpreting the data activity shown.
Genuine volume data that is available to people (free or paid for) only shows a percentage of REAL transactional activity. I know this to be true because I have done extensive research, study and practice with it over the years..... MANY years. There are certain rules as to what an exchange is "allowed" to offer to the public. Whether you pay for it or not. What RickM is showing and talking about is what used to be called "inserted price markup". It is when someone, big or small, begins the action to place an order into the market with specific instructions. If you don't believe me or have trouble understanding this, then go to your trading platform, for many that will mt4 or 5. Access an account of your choice, then seek to place a market order into play, using ONLY the basic market order entry process built into the platform. You will see parts of the order sheet that show price, type and action. As well as output instructions. Many people do not appreciate that at some point in history, an order sheet like that, was used by a person on a trading floor, to "run the order". They needed to talk to the client, fill the order and relay information between the "market" and their client and team. If you don't know anything about what I 'm saying here, I think you should either - stop everything now and go do some history research on financial markets, trading and the practice of exchanges.....Or, if you are too lazy to do this, just quit now and go do something else.
Why is all that important?
Most people are VERY ignorant of the past. So sometimes, it's necessary to take them back and show them what foundational knowledge they're lacking or missing.
"Inserted price markup" refers ONLY to market order activity. PERIOD. So if someone just follows the trails of these markups, then you are missing about 70-80% of the "situation" in your knowledge base and your experience will then wither because you still believe FX is an isolated market, and all you need is input data to see what's going on. For the sake of being objective, it's lazy thinking and the results will usually reflect such thinking patterns.
The other parts of this equation are - blowback output (people's positions getting stopped out OR someone manually closing out a position as a loss) and orders being closed out in profit, irrespective of the profit size. If you forget about this activity you are not trading, you are just speculating.
The main drawback and problem with people's use of volume and delta, is they do not understand the follow-on of activity. They make assumptions and settle into a "thinking pattern" instead of generating mature conclusions. If someone trades options then you would be aware of the role volume really plays in the markup process. And seeing as most people here do not and/or have not traded options before, it is easy to understand why people continuously get it wrong. Delta is not an indicator, or should not be used as one. It is a parameter of interference behavior. And what I said above about the other parts of the equation, you cannot do anything but speculate on what's happening, if you try to compile all the known information into an indicator. I am sorry if people "don't agree or believe me". You should know by now I have no reason to lie to people or to mislead them.
If a trader cannot see all points of entry and exit, then indicators mean nothing.
There is a distinct behavior between volume and follow-on and you're better positioned to "see things coming" if you understand mark-ups BEFORE any follow-on occurs. If you know how to read a chart, you'll never need lagging indications that are usually based on assumptions and not of the present and the future. Traders learn and prepare but speculators merely speculate. Tunnel vision does nothing for learning and thinking. Sorry but that is the simple truth.
I'll say again, learn to think about your trading instead of blindly following what you "think works".
I hope that helps.
Peter
{quote} Hi Rick few queries for my understanding please {image}
Hi Bilal1947
Here is how Volume tells us direction.
This is the Gold chart a few bars after that massive spike down which contained only Selling Delta.
There was very little Buyers creating that spike down so they didn't stop the move. the move stopped because there was very few in the world Selling Gold for a while.
After the big Red candle and the big red volume shows a downwards direction, we start getting large white bullish signals.
1.. Average volume size here is around 150 , so above 150 is good volume, below is weak volume.
2.. All big volume M1 candles show a bullish move.
3.. Weak volume M1 candles still show a bullish direction.
The green boxes are important because it shows bullish direction without Sellers
The volume tells us aggressive market buyers are entering the market, when volume is weak on some M1 candles - its because there is NO SELLERS.
We just don't need fibs and market structure to tell us how to trade - we just need a pair of eyes
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1611497837
-------------------------------------------------------------------------------------------------------------
As I can only speak for myself, here goes .....
I'll try to be nice about what I say here because I don't think it's RickM's fault really, the way he is interpreting the data activity shown.
Genuine volume data that is available to people (free or paid for) only shows a percentage of REAL transactional activity. I know this to be true because I have done extensive research, study and practice with it over the years..... MANY years. There are certain rules as to what an exchange is "allowed" to offer to the public. Whether you pay for it or not. What RickM is showing and talking about is what used to be called "inserted price markup". It is when someone, big or small, begins the action to place an order into the market with specific instructions. If you don't believe me or have trouble understanding this, then go to your trading platform, for many that will mt4 or 5. Access an account of your choice, then seek to place a market order into play, using ONLY the basic market order entry process built into the platform. You will see parts of the order sheet that show price, type and action. As well as output instructions. Many people do not appreciate that at some point in history, an order sheet like that, was used by a person on a trading floor, to "run the order". They needed to talk to the client, fill the order and relay information between the "market" and their client and team. If you don't know anything about what I 'm saying here, I think you should either - stop everything now and go do some history research on financial markets, trading and the practice of exchanges.....Or, if you are too lazy to do this, just quit now and go do something else.
Why is all that important?
Most people are VERY ignorant of the past. So sometimes, it's necessary to take them back and show them what foundational knowledge they're lacking or missing.
"Inserted price markup" refers ONLY to market order activity. PERIOD. So if someone just follows the trails of these markups, then you are missing about 70-80% of the "situation" in your knowledge base and your experience will then wither because you still believe FX is an isolated market, and all you need is input data to see what's going on. For the sake of being objective, it's lazy thinking and the results will usually reflect such thinking patterns.
The other parts of this equation are - blowback output (people's positions getting stopped out OR someone manually closing out a position as a loss) and orders being closed out in profit, irrespective of the profit size. If you forget about this activity you are not trading, you are just speculating.
The main drawback and problem with people's use of volume and delta, is they do not understand the follow-on of activity. They make assumptions and settle into a "thinking pattern" instead of generating mature conclusions. If someone trades options then you would be aware of the role volume really plays in the markup process. And seeing as most people here do not and/or have not traded options before, it is easy to understand why people continuously get it wrong. Delta is not an indicator, or should not be used as one. It is a parameter of interference behavior. And what I said above about the other parts of the equation, you cannot do anything but speculate on what's happening, if you try to compile all the known information into an indicator. I am sorry if people "don't agree or believe me". You should know by now I have no reason to lie to people or to mislead them.
If a trader cannot see all points of entry and exit, then indicators mean nothing.
There is a distinct behavior between volume and follow-on and you're better positioned to "see things coming" if you understand mark-ups BEFORE any follow-on occurs. If you know how to read a chart, you'll never need lagging indications that are usually based on assumptions and not of the present and the future. Traders learn and prepare but speculators merely speculate. Tunnel vision does nothing for learning and thinking. Sorry but that is the simple truth.
I'll say again, learn to think about your trading instead of blindly following what you "think works".
I hope that helps.
Peter
Real Trading is not gambling.
- #898
- Jan 24, 2021 7:39pm Jan 24, 2021 7:39pm
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #899
- Jan 25, 2021 2:27am Jan 25, 2021 2:27am
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
{quote} from which/whose course is this index attached i wanna go through the course too.
No course. Just real life playing out ...... today's living breathing example ......
Price and time agreeing and then disagreeing. In the old days we would say "There's some form of resistance stopping it (the market) from continuing on upwards." The problem with most people these days is they are obsessed with naming everything and trying to over-simplify things. Back then, resistance wasn't "support and resistance", it was REAL resistance as in - lack of orders, lack of interest or too much interest for going the other way.
It was in action back then and is still going on today. One potato, two potato, three potato, POP !!! If time is being eaten up or eroded, then there's definitely other activity going on. So the people who think there's a trend AND the people who think there is no trend are BOTH right and BOTH wrong. Simultaneously. Funny how real life reality shows its hand and is a GREAT teacher when everyone else is so amused and distracted by their opinions and lop-sided beliefs and attitudes.
So much for being lazy and trying to get away with the "bare minimum" of effort and learning. If it's going up, then it's NOT going down. But if it's going down it's not going up. And if it's going up down up down up down, then you really should be paying attention to real life and see that the price-time value level is in play.
So much for those idiots who think everyone is a professional bullshitter. A professional at ANY skill set is simply someone who knows what they're dealing with and knows HOW to deal with what they're dealing with to get the result they're after.
Peter
Real Trading is not gambling.
- #900
- Jan 25, 2021 2:39am Jan 25, 2021 2:39am
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade