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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #143,901
  • Nov 27, 2008 5:42am Nov 27, 2008 5:42am
Quoting forter
..so what does it mean for this case? That the volume is manipulated?
volume of one broker alone does mean pretty much nothing. i have compared that and have had pretty different results across brokerages, so take care.

don't forget, most of the brokerages with mt4 are just bucketshops which are not use by the big players. so the volume reported comes from the trades which retail traders placed at this single broker. and as we know, 90% of traders los , it might differ totally compared to the composite volume of 308 brokersages which esignal delivers.

sent im godfrey
  • #143,902
  • Nov 27, 2008 5:45am Nov 27, 2008 5:45am
Quoting Dr.Geppynius
volume of one broker alone does mean pretty much nothing. i have compared that and have had pretty different results across brokerages, so take care.

sent im godfrey
Thanks, Doc.
  • #143,903
  • Nov 27, 2008 5:45am Nov 27, 2008 5:45am
So volume is measured only by the brokers data itself ?
  • #143,904
  • Nov 27, 2008 5:46am Nov 27, 2008 5:46am
Quoting forter
..so what does it mean for this case? That the volume is manipulated?
I don't know, but I do know that i saw divergence on the lower time frames when the spike ocurred, a signal for me to , cover longs or a reverse scalp.

Also, I find that big moves tend to follow a volume increase.
  • #143,905
  • Nov 27, 2008 5:53am Nov 27, 2008 5:53am
Quoting GodfreyH
I don't know, but I do know that i saw divergence on the lower time frames when the spike ocurred, a signal for me to , cover longs or a reverse scalp.

Also, I find that big moves tend to follow a volume increase.
volume has to step in before a directional change can occur, since somebody has to decide that the market is strong and buys into the downmove...it can be oncidered as the only forecasting indicator, that's why they try to hide it from us as good as possible.

the volume you see at your mt4 platforms only reflects the volume traded at that single brokerage, and is not measured in contracts.
  • #143,906
  • Nov 27, 2008 5:56am Nov 27, 2008 5:56am
Dr.G, if you're here, take a look at this. could it be what i think it is??? they are not selling anymore. which means that we'll probably see price going higher than 166 before another unload.
Attached Image (click to enlarge)
Click to Enlarge Name: gjw.gif Size: 12 KB
Nihil Sine Deo.
  • #143,907
  • Nov 27, 2008 5:58am Nov 27, 2008 5:58am
Quoting GodfreyH
I have a major volume spike on cable. Broker IBFX.
now what kind of indicator is that??
  • #143,908
  • Nov 27, 2008 5:59am Nov 27, 2008 5:59am
Quoting Dr.Geppynius
volume has to step in before a directional change can occur, since somebody has to decide that the market is strong and buys into the downmove...it can be oncidered as the only forecasting indicator, that's why they try to hide it from us as good as possible.

the volume you see at your mt4 platforms only reflects the volume traded at that single brokerage, and is not measured in contracts.
and I think the only way to get the real volume is COT report every week, right?
  • #143,909
  • Nov 27, 2008 5:59am Nov 27, 2008 5:59am
If price cant break 148, it's not going any higher

I'm short from 147.80, it's daily R1 and resistance the past 2 days.
Trade what you see, not what you think.
  • #143,910
  • Nov 27, 2008 6:01am Nov 27, 2008 6:01am
Quoting Scrat
Dr.G, if you're here, take a look at this. could it be what i think it is??? they are not selling anymore.
scrat, there is no good possiblity of capturing weekly volume yet. limit for what the regular guy like we can obtain is daily vol on a EOD data basis. the mt4 vol does not mean much. from a vsa basis your screenshot would tell, that the high vol on the red down bar has definitely contained buying, otherwise the next bar could not be up. nevertheless, it was enough to stop the move, but it looks like the buying in that bar mainly was shortcovering, because we see the following up bars are tiny on decreasing vol. as soon as the shortcovering is over, there's no followthrough. always compared relatively to the previous bars. that's the story your screenshot would tell.

but don't confuse with weekly vol..especially on mt4.
  • #143,911
  • Nov 27, 2008 6:02am Nov 27, 2008 6:02am
Quoting pepsi
and I think the only way to get the real volume is COT report every week, right?
yeah, supposedly. the volume i am dealing with is also not true traded volume, it consists of the collected price changes but works pretty decent.
  • #143,912
  • Nov 27, 2008 6:02am Nov 27, 2008 6:02am
Quoting Dr.Geppynius
volume has to step in before a directional change can occur, since somebody has to decide that the market is strong and buys into the downmove...it can be oncidered as the only forecasting indicator, that's why they try to hide it from us as good as possible.

the volume you see at your mt4 platforms only reflects the volume traded at that single brokerage, and is not measured in contracts.
True that is, but my man Karmo is a heavy hitter, I see his moves
  • #143,913
  • Nov 27, 2008 6:03am Nov 27, 2008 6:03am
Quoting karmostaji
If price cant break 148, it's not going any higher

I'm short from 147.80, it's daily R1 and resistance the past 2 days.
and 50% fibo
  • #143,914
  • Nov 27, 2008 6:05am Nov 27, 2008 6:05am
Quoting lilmoe
now what kind of indicator is that??
Eh...what kind of avatar is that. lol
  • #143,915
  • Nov 27, 2008 6:05am Nov 27, 2008 6:05am
Quoting GodfreyH
True that is, but my man Karmo is a heavy hitter, I see his moves
LOL!
yeah, that's nice. in that case it's pretty valuable for people using IBFX. tracking karmo's footsteps with the karmonicator.
  • #143,916
  • Nov 27, 2008 6:07am Nov 27, 2008 6:07am
so who got a garlic flavor kiss today
Trade what you see, not what you think.
  • #143,917
  • Nov 27, 2008 6:08am Nov 27, 2008 6:08am
Quoting GodfreyH
Eh...what kind of avatar is that. lol
loool. seriously, what do u look for in that indicator?
  • #143,918
  • Nov 27, 2008 6:10am Nov 27, 2008 6:10am
Quoting karmostaji
so who got a garlic flavor kiss today
i'm near to it

afaik, lilmoe got a forexlion flavored one
  • #143,919
  • Nov 27, 2008 6:11am Nov 27, 2008 6:11am
Quoting Dr.Geppynius
i'm near to it

afaik, lilmoe got a forexlion flavored one
loooooooooooool hot curry flavor then

way to go lilmoe
Trade what you see, not what you think.
  • #143,920
  • Nov 27, 2008 6:14am Nov 27, 2008 6:14am
Quoting karmostaji
loooooooooooool hot curry flavor then

way to go lilmoe
lol! that is hilarious, pretty nice one
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