Synthetic instrument- instrument between spot price and volumes from futures.Noone has it in Volfix now.
Ignored
Ok , there's a Synthetic Spot/Future tool project on volfix? It would be great!!
I think the charts are the same on futures and spot but differer in price for some points.
U can see the futures with spot quotations and relative forward point on CME website here http://equivalentswdc.cme.com:443/index.html .
S&P Index is definetly the most liquid and technical instrument for trading.It "works off" large intraday volumes very well.For example we take yesterday.One of main hours on s&p when max volume is formed for following movement of the market is 9th hour.Yesterday all 9th hour market traded in a close price range- it formed a volume, and on cluster chart we see that max volumes for that preriod are on the prices (846,75-848 we take volumes starting from 15000 lots).
So when 9th hour finished, we have its max volumes, which will be base prices for next hour or two, and declining trend.Next hour opened below volumes of previous and came back to the prices with max volumes and rebounded from them.As market could not break them it was possible to short in first half of 10th hour.
On the chart you see how market tried to break prices with max volumes, but it couldn`t, and declined.Nice chance to short.On such reactions to prices with biggest money accumulations is based my strategy of trading by volumes.
BPA/GBP
This week was an example of a turn of the market after formation of new volumes.
After market declined, on the 12th and 13th the market has calmed down and generated large volume, and in the end of a trading session there was a long position from generated volume.
The prices with max volume of contract:
We have a corridor from 2 prices with max volumes of contract (the first picture with volume counter) which borders will be indicating the further direction of the market:
After market has accumulated volume of week, on the 15th of January market gave a nice trade- long position, at which we will look more in details:
This trade is based on market movements from prices with max volumes of contract and weeks, after these volumes have been formed.
Here works "steps" principle- when market stands and rebounces on important prices one by one.This trade is also showed in previous posts -15th of January.
As soon as the market has stand on volume of day, it is mainly in a buy-zone, concerning this volume, further the market stands and rebounds from a contract price, and then from volume of current week.After it has broken all resistance, we buy.
Such is the logic of trading by volumes. Nothing should resist to your position.
My Volfix too, but now it work again, maybe some problem on server, i think also cause Volfix is a platform in development too. It's right Alex?
There are other platform with volume by price, but not like this, almost of those draw volume line by price on chart.
See X Trader, one of famous, but the most of blasonate have this tool.
Lubo
Ignored
Read please previous post.If you use other software check volumes on CME site, are they the same or not.It is in development but it works without problems- I think you use demo version.
By the way today was a nice day on EUA, will show it tomorrow in details.
Yes. There is a synthetic EURO on volfix. I checked price and movement on my MT4 for IBFX. It's about as accurate as you can get.
The EURO futures prices are off by about 20 pips (as when I checked them), due to the nature of "futures", you'll pay interest, etc. Remember that the nearest EURO futures contract is March, so that is why you have to use the synthetic prices for spot FX.
Ok , there's a Synthetic Spot/Future tool project on volfix? It would be great!!
I think the charts are the same on futures and spot but differer in price for some points.
U can see the futures with spot quotations and relative forward point on CME website here http://equivalentswdc.cme.com:443/index.html .
Yes. There is a synthetic EURO on volfix. I checked price and movement on my MT4 for IBFX. It's about as accurate as you can get.
The EURO futures prices are off by about 20 pips (as when I checked them), due to the nature of "futures", you'll pay interest, etc. Remember that the nearest EURO futures contract is March, so that is why you have to use the synthetic prices for spot FX.
Carl
Ignored
Yes, I know that, I'm using Volfix too. But these is not the tool which Alex speaks about. It's a tool that allow in Volfix to have spot price.. that is in development.
For more info ask to Alex.
Yes. There is a synthetic EURO on volfix. I checked price and movement on my MT4 for IBFX. It's about as accurate as you can get.
The EURO futures prices are off by about 20 pips (as when I checked them), due to the nature of "futures", you'll pay interest, etc. Remember that the nearest EURO futures contract is March, so that is why you have to use the synthetic prices for spot FX.
Carl
Ignored
Yes futures prices differs from spot prices, though it does not disturb the process of equal movements of these markets.I talked about synthetic instrument, which has price from spot market and correct volumes from futures- on the needed prices.You can`t see it now on Volfix, you may see there only futures.
Max volumes of contract at the beginning of Monday were on the prices 1,3145/1,32/1,34- same as max volumes of previous week.
Market moved to price with max volume of Friday- 1,3227, broke it, then pullback+rebound.As we are above max volume of contract we don`t sell here.After that market made max volume of contract on 1,32 broke it, then pullback+rebound.We short here as it will go by trand.Our target is 1,3145- next price with max volume of contract.But in the middle of way during 1,5 hours market made a large volume of 910 lots on the price 1,3165.Anomally big volume that may reverse the market- so it`s a sygnal for us to cover at least a half of our position.
Alex_S charts are not stored here on the forum but at a Russian website, [ savepic.ru ] so if that website goes down, either temporarily or permanently then the charts will not appear here, so if this information is important I suggest saving them.
EUA Tick volumes
What to do when market is situated in a free place?When there is no volumes of previous day behind and no max volumes of contract.Usually such situations appear after strong market movements.Logic tells us that it`s not a good time for trading, because market may stay in one price range till it hasn`t formed some volume and that is true.But on the other side there is a good chance to open your position together with volumes that stops market.So for example we will take yesterday:
On Monday and Tuesday market strongly declined and yesterday we had only max volume of Tuesday to trade from it 1,292.But all positions from that level had a bit more risk than usually- as we understood that to reverse the market it needs to be much more volume in this place- on the price 1,292 market may stay all day to create there volumes for further movements.All rebounds from this price were only technical reaction of the market and did not sygnale about any significant movements.
