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  • #2,161
  • Jul 20, 2021 5:59pm Jul 20, 2021 5:59pm
So nice to see all sort of different ideas on this thread. As for me, I've always loved volume and certainly want to use it to augment my relatively profitable trading system.

Thanks to all who responded to my private enquiries.... Will hopefully put the responses to good use.

And special thanks too to those with an over inflated ego who find peeps like us too insignificant to respond to... It's all part of the learning curve on FF.
The trend is your friend, until it's exhausted
  • #2,162
  • Jul 20, 2021 6:01pm Jul 20, 2021 6:01pm
Quoting jimmy777
So nice to see all sort of different ideas on this thread. As for me, I've always loved volume and certainly want to use it to augment my relatively profitable trading system. Thanks to all who responded to my private enquiries.... Will hopefully put the responses to good use. And special thanks too to those with an over inflated ego who find peeps like us too insignificant to respond to... It's all part of the learning curve on FF.
FX is a decentralized market, meaning that counterparties trade between themselves, not on an exchange such as the NYSE. As such, to get a reliable volume indicator you'd have to get every major ECN and brokerage firm of the world over to publish their volume in a standardized format. Volume is used most often in stock trading, where it shows the number of shares that are being traded. Each market or exchange will track its own volume and distribute the data to traders.

There is no volume reported for currency trading because there is no central clearing of fx trades.
  • #2,163
  • Jul 20, 2021 6:12pm Jul 20, 2021 6:12pm
@Techanalyst
You're right about that. That's why I've never trusted FX tick volumes all the while.
The trend is your friend, until it's exhausted
  • #2,164
  • Jul 20, 2021 6:36pm Jul 20, 2021 6:36pm
Quoting Techanalyst
{quote} Fundamentals 80%, technicals 20%. Everything else is noise.
You don’t get it.

If you stop trading price but focus on trading liquidity imbalances, you make no money without noise.

Its those invalid movements which lack volume or extreme movements with high volume that is profitable to trade.

Have you ever stopped to think why price moves without validation of volume, and that fundamental’s is really volume trading.
Trading thin liquidity at the boundary of the charts
  • #2,165
  • Jul 20, 2021 7:56pm Jul 20, 2021 7:56pm
Quoting RickM
{quote} You don’t get it. If you stop trading price but focus on trading liquidity imbalances, you make no money without noise. Its those invalid movements which lack volume or extreme movements with high volume that is profitable to trade. Have you ever stopped to think why price moves without validation of volume, and that fundamental’s is really volume trading.
Here is a little economy lesson for forex trading I will attach. It is a big shock to a lot of "day traders" but facts are facts. Take your time and study it, it takes time. Why would you "day trade" and gamble, anyone can do that, and flip a coin, when you can actually learn how to trade or approach forex trading like a professional. There is no other way to actually learn this business than this way. Money is made by sitting, not trading.
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  • #2,166
  • Edited 10:14pm Jul 20, 2021 9:41pm | Edited 10:14pm
@Techanalyst:

You clearly haven't given a good thoughty thought to much of what some of us have been writing from many previous pages...

No one is arguing about the important of Fundamentals. As a matter of fact, I can say that @Ecotrader is one of my "favorite" members in this forum, because his knowledge shared is TOP-TIER.

EDIT: Since long ago, @GEfx has also also explained many times how the mechanics of FX/International Currency Markets markets really work

Again, yeah, on the basis, for the medium-long term, Fundamentals drive most supply/demand & hence price.
But good scalpers trade much faster-shorter/smaller moves, multiple times per day with high win-ratio.

That's why all that "extra" information/data/tools from fairer regulated centralized exchanges, becomes both necessary (for accurately extract or loss only a few ticks/pips per trade [in order to have a good-enough {at least better than average} sustainable edge most of the time year after year], as well as more profitable and less risky, much shorter and with smaller market exposure) than swing trading trading, or scalping just with "naked" candlestick charts.

There where you see only "noise", they see opportunities

... I say "they" cause at this point in my life I have not been an active trader with real money involved since about 4 years, and just very occasionally in demo for the last 2 years (the minimum to not become utterly "rusted"), due to other past circumstances and present ventures that have been taking most of my available time.

* btw, you forgot to write "commercial banks" on your document
  • #2,167
  • Edited 10:21pm Jul 20, 2021 9:58pm | Edited 10:21pm
Quoting Techanalyst
{quote} Here is a little economy lesson for forex trading I will attach. It is a big shock to a lot of "day traders" but facts are facts. Take your time and study it, it takes time. Why would you "day trade" and gamble, anyone can do that, and flip a coin, when you can actually learn how to trade or approach forex trading like a professional. There is no other way to actually learn this business than this way. Money is made by sitting, not trading. {file}
i am not that knowledgeable but many times i know the direction and i aim for minimal or no drawdown entries (it looks funny perhaps or arrogant, not sure how other perceives) and still perfecting them so i am still learning among other live traders guidance. i dont follow fundamentals but when they plan to move price fundamentally or randomly, and its about to happen they leave clues itself in price, like, before rain one can observe clouds mostly. so its like that.
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"Exchange of hands"
  • #2,168
  • Jul 20, 2021 10:11pm Jul 20, 2021 10:11pm
Quoting Ihlas
Two analysis = Two letters (BS) Let's listen to PeterCaleb song I'm interested in his price ratings if he could clarify on this more. And about his control point assumptions.



Ihlas,

I could, BUT, why bother? This is all SOO amusing. I would pay to see these people go for a drive at a speedway or slot car race or Bathurst or Indy. BUT, here's the catch .... they would have to use their "exclusionary" mindset, attitudes and methodologies to get them through the race AND do all the work of the pit crew.

I WOULD PAY TO SEE THAT !!!! hehehehe.

No matter how many times you walk around that round table and look at that basket of mixed fruit sitting in the very centre of it, it is STILL going to NEED all 360 degrees of viewing AND require more than a guess to determine what "facts and information" are both obtainable and perceivable.

People do not understand that a (eg only) 80%+ level of achievement of ANYTHING is only related to a certain perspective. So, what was or is an 80% today is widdled down to less than half of that tomorrow, when you DO NOT control the situation by a factor of more than 2 (Eg - 1=the buyer, 2=the seller, 3=the intermediary). In real life terms, each and every outcome of any kind of situation in Life does NOT care if you agree with the outcome or how it came to be. So therefore, there are several "types" of 80%+ achievable outcomes in any 'activity'. But most people do not understand this nor "accept it" because they do not pay attention to (truly) see it reflected in real life.

There is a reason for EVERYTHING in the world of trading. The people who cannot accept this are simply unwilling to be truthful and admit they do not know or understand something.

I have worked with many layers of the trading world through my career and I can say with a straight face that orders don't just magically appear into the view of volume/Orderflow. Futures are similar to other markets but not the same and a person would know this as true and why, if they bothered to do some research into what is behind the decided activity. "Victims" say "Oh well, that's the best I can do/find out." In many ways, it's the difference between 'seeing the crash coming' vs crying in your beer in the wake of its destruction.

There's info openly available to show someone why a huge bank will not cause a reversal at "that level". And why their competitor or counterparty WOULD. And it's not in the volume or the "orderflow" or order book. And it's not in people's conspiracy theorizing ether.

Real world .... people.

You must have ALL 3 sides to call it a triangle. Remember????? Mmmmm, then again, maybe not.

Either you put all the pieces together (because you have the self respect to do your best) or you do what most people do.

But everybody please continue, this is really very funny to read.

** So Ihlas most people want the answer BEFORE they see it justified in asking the question. For me, that's backwards thinking. And it's the reason why opinion is the new "fact".


Peter
Real Trading is not gambling.
  • #2,169
  • Jul 20, 2021 10:45pm Jul 20, 2021 10:45pm
Quoting PeterCaleb
{quote} Ihlas, I could, BUT, why bother? This is all SOO amusing. I would pay to see these people go for a drive at a speedway or slot car race or Bathurst or Indy. BUT, here's the catch .... they would have to use their "exclusionary" mindset, attitudes and methodologies to get them through the race AND do all the work of the pit crew. I WOULD PAY TO SEE THAT !!!! hehehehe. No matter how many times you walk around that round table and look at that basket of mixed fruit sitting in the very centre of it, it is STILL going to NEED all 360 degrees...
Gee, even the "quality" of your writing has declined a lot over time...

Always judging and criticizing in others others - a reflection of what you are, multiplied exponentially. So full of contradictions, so much nonsense.
Simply... FAKE.
  • #2,170
  • Jul 20, 2021 11:49pm Jul 20, 2021 11:49pm
If you say so laddy.
Real Trading is not gambling.
  • #2,171
  • Jul 21, 2021 12:36am Jul 21, 2021 12:36am
Peter, why do you have a fetish with laddies and BIG letters?
  • #2,172
  • Jul 21, 2021 1:28am Jul 21, 2021 1:28am
Sorry for irrelevant post but anyone trade ABCD harmonic can help please
Which point is a C ? As i know ABCD pattern essentially compare the two impulse waves "steep and price" AB and CD so Is it right to select point number 1 as C ? or it should be the deepest point of AB ?
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  • #2,173
  • Jul 21, 2021 2:19am Jul 21, 2021 2:19am
Quoting RickM
{quote} You don’t get it. If you stop trading price but focus on trading liquidity imbalances, you make no money without noise. Its those invalid movements which lack volume or extreme movements with high volume that is profitable to trade. Have you ever stopped to think why price moves without validation of volume, and that fundamental’s is really volume trading.
Do stocks have correct volumes info in MT5?

For example, if a stock is listed in an exchange (let's say NYSE) then all brokers (MT5 instances) receive info regarding traded shares count from that exchange? Can we consider that stocks volumes are centralized counted and available in MT5?
  • #2,174
  • Jul 21, 2021 3:26am Jul 21, 2021 3:26am
Quoting gepards
{quote} Do stocks have correct volumes info in MT5? For example, if a stock is listed in an exchange (let's say NYSE) then all brokers (MT5 instances) receive info regarding traded shares count from that exchange? Can we consider that stocks volumes are centralized counted and available in MT5?
No. Same bullshit tick volume like for currencies for example.
Observer effect
  • #2,175
  • Jul 21, 2021 6:22am Jul 21, 2021 6:22am
https://edition.cnn.com/2021/07/21/e...omy/index.html
  • #2,176
  • Jul 21, 2021 6:35am Jul 21, 2021 6:35am
Quoting Ihlas
Who has TIME/PRICE theory? Next dispute is TIME
Price must be at the right place doing what it should at the right time. Nothing else, nothing more.

An example. If you trade based on volatility, you need to start trading when markets open because all orders are still to be filled and that will cause prices moving back and forth more agressively than when markets are about to be closed and there is almost no one interested in trading it.
  • #2,177
  • Jul 21, 2021 6:40am Jul 21, 2021 6:40am
Quoting Rahmandorai
Sorry for irrelevant post but anyone trade ABCD harmonic can help please Which point is a C ? As i know ABCD pattern essentially compare the two impulse waves "steep and price" AB and CD so Is it right to select point number 1 as C ? or it should be the deepest point of AB ? {image}
AB=CD is one of the basic abstract patterns in harmonic trading.

It means that after a retracement, price will sometimes continue in the same direction at least the same distance it moved before retracing.

For instance, given the two points A and B that you highlighted, the ABCD pattern would be met if price would do what I have drawn.

Otherwise, the ABCD pattern would not be applicable to your chart considering these A and B points you indicated
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  • #2,178
  • Jul 21, 2021 6:41am Jul 21, 2021 6:41am
The brutal truth of trading: Price always moves to the right.
Observer effect
  • #2,179
  • Jul 21, 2021 6:46am Jul 21, 2021 6:46am
Quoting RickM
{quote} Yes, we have multiple screens, save time by working as a team to avoid having to watch every pair at the same time. We think fast, don’t waste time by analysing price except for measuring expansion and making instant decisions on finding available liquidity that’s tradable. If a one minute candle moves with twice the speed, four times the volume and primary buying delta, we have a decision to make. Is there enough liquidity to trade with the move or do we consider liquidity is exhausted and trade against the bias. A team of good traders...
Trading the m1 and m5 charts you finish your trading day in 1 or 2 hours normally. Then you can be writting on FF or scratching your balls or doing whatever you want to.

I think that it is good to limit ourselves to avoid overtrading. One trade during the European markets and another one when Americas opens is much more than enough.

For instance, I started today at 6:30 AM and closed my first trade at about 7:15 AM GMT time. I do not have anything to do till 8:00 AM EST time more or less. This is, I have like 5 free hours till the next session.

Yesterday I did not trade in fact the American session, today I may do it, even if I really do not need it.
  • #2,180
  • Jul 21, 2021 6:47am Jul 21, 2021 6:47am
Quoting ccrkk10
What about the concept of forming a long term bias and then drilling down to interday levels to scalp and day trade in the direction of the long term trend?
In my opinion, this is a very good strategy. A lot of experienced traders are using this so-called top-down analysis
However, you need to combine this strategy with a very good money management
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