Disliked{quote} Hi Shadowy I was just referencing that EURUSD move. As it was in a bearish trend at that point, the data was strongly in favour of Bids. That means Buyers were placing higher levels of orders that were being executed by aggressive Sellers. So more Buyers but bearish move. We would need to see a high level of Buying market orders at least double the amount of current Sellers liquidity to change direction. Therefore we need a very high volume bar containing more than 75% of Buying market orders to break the downwards trend. It never happened...Ignored
Thanks for your reply. I have to say that your understanding of the market is definitely way ahead of how i'd see it. If you don't mind, can i ask what you would mean by saying, "We would need to see a high level of Buying market orders at least double the amount of current Sellers liquidity to change direction." Therefore we need a very high volume bar containing more than 75% of Buying market orders to break the downwards trend.
If i'd translate that to simpler terms, would it mean that we would need to see a high volume bullish breakout bar to change direction from bears to bulls?
Also, when you mentioned, I was looking for increasing volume to go long or below average volume to go short.
Volume just wasn't there so I took about 15 short scalps over a few hours (all separate trades) to take advantage of the big players intention
By this, what i can understand is that in the 1H the trend was already bearish as indicated by your downwards slowing bands. Hence, bears in control. So any low volume up bars you would short or if you get any high volume up bars, you would long? on the same timeframe or on smaller timeframes?