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Cable Update (GBPUSD)

  • #721,901
  • Jan 19, 2023 5:15am Jan 19, 2023 5:15am
Quoting dantpm
As price rises on the 5 min chart volume drops off and as price falls volume picks up.
seems to be a seesaw at the moment need a trigger for either up or down. In the mean time I’m off for a coffee
Insane in the Brain..
  • #721,902
  • Jan 19, 2023 5:18am Jan 19, 2023 5:18am
Quoting Indigo45
{quote} Is Volume shown in the terminal or indicators total volume collected from interbank or just brokers stats? As per my understanding that volume is just brokers' statistics and even just one server statistics. How that can be a measure...?
The volume reading from your broker is ALL that you need. They have told you a lie from the beginning. Volume(quantity traded) is the most important element needed for correct analysis.
  • #721,903
  • Jan 19, 2023 5:26am Jan 19, 2023 5:26am
Quoting pipcenturion
{quote} The volume reading from your broker is ALL that you need. They have told you a lie from the beginning. Volume(quantity traded) is the most important element needed for correct analysis.
Yeah, I am still trying to wrap my head around your VAP analysis. Looking forward to when you are interested in sharing more.
  • #721,904
  • Jan 19, 2023 5:29am Jan 19, 2023 5:29am
Quoting pipcenturion
{quote} The volume reading from your broker is ALL that you need. They have told you a lie from the beginning. Volume(quantity traded) is the most important element needed for correct analysis.
Everybody can see their broker volume, that much is clear. The secret to Volume Price Analysis lies in this: What was the VOLUME at key market turning points? that allows a trader to better identify the levels where the big boys were in the market. When the market returns to said levels, that is when we must be alert.

Guy
  • #721,905
  • Jan 19, 2023 5:32am Jan 19, 2023 5:32am
Apparently where we wanted to be this morning was EURNZD, EURAUD, GBPNZD, that type of thing instead of this flat GU!
  • #721,906
  • Jan 19, 2023 5:34am Jan 19, 2023 5:34am
Politics at its finest...

New Zealand news: Jacinda Ardern quits as Prime Minister: Labour to elect new leader, Grant Robertson won’t seek role, general election date October 14
To free Gazans of Hamas, use whatever it takes.
  • #721,907
  • Jan 19, 2023 5:36am Jan 19, 2023 5:36am
Quoting Guy1969
{quote} Everybody can see their broker volume, that much is clear. The secret to Volume Price Analysis lies in this: What was the VOLUME at key market turning points? that allows a trader to better identify the levels where the big boys were in the market. When the market returns to said levels, that is when we must be alert. Guy
Do you have something that you can share that helps to explain what you are working to describe (chart, indicator, other)?
  • #721,908
  • Jan 19, 2023 5:38am Jan 19, 2023 5:38am
Patience Remains The Key To Be Successful Here
The fragrance remains in the hands of those that gves the rose
  • #721,909
  • Jan 19, 2023 5:39am Jan 19, 2023 5:39am
The big problem with volume is that we have no idea 'who' is accumulating and 'who' is distributing it.
  • #721,910
  • Edited Feb 21, 2023 12:41pm Jan 19, 2023 5:40am | Edited Feb 21, 2023 12:41pm
Quoting dantpm
{quote} Do you have something that you can share that helps to explain what you are working to describe (chart, indicator, other)?
Hi dantpm, I don't use volume in my price action analysis, because bullish and bearish candle formations more powerful. The Law of Charts (Joe Ross) attached will help you in that regard.

Cheers
Guy

{ copyrighted attachment deleted by staff }
  • #721,911
  • Jan 19, 2023 5:43am Jan 19, 2023 5:43am
Quoting dantpm
{quote} Do you have something that you can share that helps to explain what you are working to describe (chart, indicator, other)?
Hey,

In forex, I think it's impossible know the volume, moreover I guess nobody have that data, but what I know, that it's Europe period only right now, so less players when US start will be volatitliy more volume
  • #721,912
  • Jan 19, 2023 5:46am Jan 19, 2023 5:46am
I'm long targeting 1.24426

Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #721,913
  • Jan 19, 2023 5:58am Jan 19, 2023 5:58am
Quoting Guy1969
{quote} Hi dantpm, I don't use volume in my price action analysis, because bullish and bearish candle formations more powerful. The Law of Charts (Joe Ross) attached will help you in that regard. Cheers Guy {image}
Sir I dare say that price is nothing without volume.

If I sell TESLA shares at $400 and then sold again at $300, what is my average selling price?
  • #721,914
  • Jan 19, 2023 6:00am Jan 19, 2023 6:00am
Bears given way… let’s see how high it goes and if it’s just a fake break
Insane in the Brain..
  • #721,915
  • Jan 19, 2023 6:01am Jan 19, 2023 6:01am
What just happened as the last hour completed is LIQUIDITY GRABBING.
  • #721,916
  • Jan 19, 2023 6:02am Jan 19, 2023 6:02am
Quoting pipcenturion
{quote} Sir I dare say that price is nothing without volume. If I sell TESLA shares at $400 and then sold again at $300, what is my average selling price?

People don't buy and sell orders at the average price, they buy and sell at the market price. Volume impacts your ability to move an order and close a deal. Volume suggests stronger or weaker interest in orders at various prices.
  • #721,917
  • Jan 19, 2023 6:05am Jan 19, 2023 6:05am
Quoting pipcenturion
What just happened as the last hour completed is LIQUIDITY GRABBING.
The detail that is missing is who grabbed the liquidity. MM's, institutions or retail traders? The answer to this will suggest what you should do next!

This could also have been a fake break out designed to lure investors in so that the price can be forced down to trigger stop losses.
  • #721,918
  • Jan 19, 2023 6:09am Jan 19, 2023 6:09am
volume will be introduced shortly... Stay Put!
My telegram: https://t.me/avidforex
  • #721,919
  • Jan 19, 2023 6:10am Jan 19, 2023 6:10am
Quoting pipcenturion
{quote} Sir I dare say that price is nothing without volume. If I sell TESLA shares at $400 and then sold again at $300, what is my average selling price?
If you pull up a TESLA stocks chart for me now, the last thing I'll look at is volume. All I'm interested in is, when are price likely to get to the marked up price of $400, and when can I expect price to get to the discounted price of $300. In other words, the more powerful market concept still remains Time and Price.

Cheers
Guy
  • #721,920
  • Jan 19, 2023 6:12am Jan 19, 2023 6:12am
What is this miserable movement?

30 pips daily range today
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yes yes yes
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