DislikedEuro 2008-09-17
i put an example how reported stops were triggered. market was going the way the stops were reported whole down move was on stops liquidation.Ignored
Question: What is the difference between Tick Volume and (true) Volume? 8 replies
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DislikedIs this right, or am I not looking at it right? This is a daily.
Just trying to get a handle on it. BTW I have compared MT4s volume and it is not even close to being correct. Probably, because it is only from them or is a percent of what their feed passes to them.Ignored
DislikedEuro 2008-09-18
it was interesting to see how strength on daily chart resulted on up move today.Ignored
DislikedHi denbur,
Congratulations for your thread,it is exceptional.
I have been a fan of Mr Jankovsky`s teachings for years...BUT...I had never been able to integrate his methods nor VSA into a simple an effective analysis tool until I read your posts and the way you analyze the different evolving situations...then the pieces of the puzzle "clicked" in place,and I wanted to thank you for that.
Regards
SimbaIgnored
DislikedEUR/USD 2008-09-16
I saved news to show how tips from big news company are “working”. This news media is used by major broker houses, like Saxo Bank, FXsolution and others.
This news came out went EUR/USD pair was around 1.4250-1.4230 suggesting buying this pair. I marked on the chart what effect that news created and if there was a reason to buy.
I also want to talk about trends and why they exist. I know there is a misconception about why trend exists. I found only 2-3 books that describe that effect or you have to be in a broker house to observe that. This principle works fine in Forex and futures, but in stocks it is altered.
In short, when market stops that means some group is initiating and when market moves somebody is under liquidation.
The thing is that public sometimes stops buying tops and selling bottoms as a group and switches to picking tops and bottoms. Often news and recommendations form “official” source helps in this process. Public liquidation drives the market further.
When the trend is up there is more people who thinks that market went too far and they start selling short to pick a top, more and more people who missed the trend or took profits too early start selling to pick a top. Their liquidation will drive the market higher until they stop picking a top or finally convinced that they are wrong and buy at the top.
In summary: Trend ends when public starts participating on the same side of a trend all together and it continues while public tries to find a turning point.Ignored
Dislikedthere is tick volume in Forex market. eSignal has data feed that combines volume from about 200 major bank around the globe.
No never appeared on FXNationLive.Ignored
DislikedUnfortunately volume varies from broker to broker.
Using the esignal feed would be quite handy though, thanks denburIgnored
Dislikedyes, esignal does a good job for intraday volume. they are now tracking 308 major banks and brokers. Plus, you can specify which bank or broker, like FXCM, you want to track.Ignored
DislikedWould you consider FXCM a good source of volume? I had a conversation earlier today about volume with a person I know there and was told the volume from them is a generation of only their traders, which they say is about $350billion per day.
I am just concerned that these traders are mostly retail and corporate, which would not be indicative of what the banks are doing and the syndicates.
What are your thoughts on this?Ignored
Dislikedi use a composite volume from all sources and don't separate them, however, i know guys who trading through FXCM and they do separate volume for this broker.
From my experience, I prefer a composite volume. Moreover, i don't look at exact number in volume because it is irrelevant. I look for relative volume for every bar.Ignored
Dislikedthe 2 bold that i made in your post.. need some simple guidance on the concepts..
btw esignals costs right?Ignored
DislikedI posted a few threads in my day on forexfactory.
http://www.forexfactory.com/showthread.php?t=37926
This is the only one I can seem to find.
The tick volume on MT4 charts is a % of the real tick volume coming through the broker's portal. Their portal probably sees 80% of the ticks in the spot market. Take it for what it's worth. The real volume isn't going to show you much more. I've used eSignal (horrible software) for spot FX and I've used Investor R/T (awesome guys and great software and cheaper than eSignal) for FX futures. Currently I analyze candles in a totally proprietary fashion and I'm having much better success than anything else.
I commend your efforts. Stick to it and you'll surely outlast 95% of the members here.Ignored
DislikedThanks for another interesting analysis - am I correct that your charts are based on Sydney time, rather than Auckland?
Also, do you base your trading just off the charts that you are posting, or do you use additional input?
Regards
IssyIgnored
Dislikedi use Auckland time, we have 2 hours difference with Sydney
I use only the charts I post. i don't post daily chart often because they are not as interesting to discuss, too slow.
i am experimenting with point and figure charts and kagi charts with volumeIgnored
DislikedFirst, if you have not noticed we are talking here about freedom of trading WITHOUT proprietary indicators. I can eat my hat if your "proprietary" indicator is another representation of MACD plus/minus Stochastic multiply by CCI or along these lines. I have been working with a young guy who has been working for nuclear research institute in Russia and he developed system based on Chaos theory using his experience in advanced physics. he has two threads here in FF. we have been working together to use volume as one of inputs for his system. his research has been published in Futures magazine and recently in Stocks & Commodities. That what I call "propriatory"!
Second, regarding eSignal, there is a good saying "bad dancer always blames his shoes".Ignored