Disliked{quote} You are talking about volume. Some indicators can said if there are 50% less traders {image} {image}Ignored
Observer effect
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- #21
- Jun 16, 2022 8:23am Jun 16, 2022 8:23am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
- #23
- Jun 16, 2022 10:44am Jun 16, 2022 10:44am
- Joined Nov 2006 | Status: Trader | 4,418 Posts
Any way to know when the "big hands or smart money” are buying or selling?
keep in mind,
the markets can go up without the smart money buying...... all they have to do is stop selling.....
the markets can go down without the smart money selling.... all they have to do is stop buying.....
read the commitment of traders report.... green line is the smarter money non-commercials.....
the color green is no coincidence.....h
//----
to trade and code, keep both simple... no call to impress....h
- #24
- Jun 16, 2022 11:10am Jun 16, 2022 11:10am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
- #26
- Jun 16, 2022 12:21pm Jun 16, 2022 12:21pm
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
{quote} From your brokers no future.
Can you please show orderbook and recent trades?
Observer effect
- #27
- Jun 16, 2022 12:57pm Jun 16, 2022 12:57pm
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} Volume data from forex broker?
from forex broker.
???? is not possible.
- #28
- Jun 16, 2022 1:13pm Jun 16, 2022 1:13pm
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} Volume data from forex broker?
1 grafiek BTCUSD
FOREX BROKER
2 grafiek future
goud
- #32
- Jun 17, 2022 11:34am Jun 17, 2022 11:34am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
{quote} Surgeons also usually operate with their eyes closed and use hospital averages. Who cares that this particular patient weighs 200 kg, because the average is 78. And his pressure is over 200, and the average is 120. And he is 120yo, but average is 22. Who cares indeed. Then they ask why "78% retails traders lose all their money". The funniest thing is about custom indicators. What you calculate? Buys - sells using forex fake tick volume? What else you have? What secret sauce you secret custom indicators mix? Forex has no orderflow - you can't...
But hey, no tick data, so forex is a scam, right?
- #38
- Edited 11:42am Jun 18, 2022 10:06am | Edited 11:42am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
As for your argument about no orderbook : You completely missed the point.
You ignorantly say that since Forex has no orderbook, you can't "see the walls".
Every order, in every market, translates through order flow. Now to see and analyze that orderflow takes skill, which you probably don't have and didn't take the time to build. The orderflow is right there in front of your eyes, if you take the time to see it.
Better if you make one screenshot to see both orderbook and ordeflow at one screen.
{quote} A sample from my trades yesterday (out of 12 scalps). But hey, no tick data, so forex is a scam, right? {image} {image} {image} {image}
p.s.
What is a person who sees the invisible called? Who feel any forces around? Witcher, mage, wizard, Jedi/Sith? People think all wizards are at Hogwarts or in the Star Wars, but they are all on the forexfactory as I see
Observer effect
{quote} Lol. You say all this without having spent even a minute to take a look at his profile and main thread. People always suppose and assume without really knowing... {quote} Yeah, well, congrats; we can all cherry-pick some good hindsight trades after the fact... And why so few pips, if the "trend/momentum" was moving in your favor? Perhaps scared to take more? Super high cost that way. What about your losses?
"And why so few pips, if the "trend/momentum" was moving in your favor?" - Because I'm a scalper, and I (try to) identify opportunities where there will be a burst in my favor. Of how much, I don't know, and my approach is always to favor protection of capital, rather than go with long runners. It's a matter of preference, really.
"Perhaps scared to take more?" - Not to take more, but to leave some on the table, and/or to manage DD. Sometimes I'm fine with those small scalps, sometimes I wish I would have held on. But you can't have it both ways.
"Super high cost that way. What about your losses?" - You're right, I took 3 losses yesterday. What's wrong with taking losses?
In terms of costs, I don't know, here's yesterday's results:
And for the week:
I take a lot of close-to-BE-trades, because I like to protect or limit my exposure. Now that it's out of the way, what does that have to do with my original post?
{quote} {quote} Please show me screenshot of your forex broker orderbook. {quote} Please show me screenshot of forex orderflow. Better if you make one screenshot to see both orderbook and ordeflow at one screen. {quote} I don't see any volume on your chart. I see only red and green candles. p.s. What is a person who sees the invisible called? Who feel any forces around? Witcher, mage, wizard, Jedi/Sith? People think all wizards are at Hogwarts or in the Star Wars, but they are all on the forexfactory as I see
Here is UJ, daily. Without your magical volume or delta indicator, using your eyes and maybe a bit of your brain, can you identify where the volume started to build up? Can you identify where momentum was gaining? And were there opportunities to take advantage of that increased momentum, without having access to precise tick data?
