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New opportunities on EUR/USD market

  • #21
  • Jan 27, 2009 10:57am Jan 27, 2009 10:57am
Hi Alex,

Thanks for sharing.

Where can i learn to read this information?

Thanks
  • #22
  • Jan 27, 2009 11:02am Jan 27, 2009 11:02am
But.. isn't volume in forex unknown since is an unregulated market? Where do you see this data from? Normally... volume one can see in forex is the volume of operations in your own broker.

How is this working?
  • #23
  • Jan 27, 2009 11:28am Jan 27, 2009 11:28am
Keep posting, I need to understand the futures aspect in currencies, technical and such, thanks.
  • #24
  • Jan 27, 2009 11:31am Jan 27, 2009 11:31am
Quoting emda
But.. isn't volume in forex unknown since is an unregulated market? Where do you see this data from? Normally... volume one can see in forex is the volume of operations in your own broker.

How is this working?
These volume quotes are coming from the Chicago Mercantile Exchange where the futures contracts are traded. That is also why the prices do not exactly match.
  • #25
  • Jan 27, 2009 12:09pm Jan 27, 2009 12:09pm
Quoting SmoothTrader
These volume quotes are coming from the Chicago Mercantile Exchange where the futures contracts are traded. That is also why the prices do not exactly match.
Yes.correct.There is some difference in price, but futures always follow spot market.
skype: aleksey_trader
  • #26
  • Jan 27, 2009 1:27pm Jan 27, 2009 1:27pm
Quoting Alex_S
Very large volume accumulation now:

http://savepic.ru/437367.png

Price difference with spot market- 5-8 pips
Nice information Alex, could you please post your template/settings to display color as in your graph ? I'm trying to replicate on volfix demo but I'm not able to do it

Thx
  • #27
  • Edited 5:37am Jan 28, 2009 3:42am | Edited 5:37am
My analisys on EUA for today (pls Aleksey correct me if I'm wrong)..

Looking at chart today we are in a buy zone since price opened above yesterday max volume (1.3175) and last week max volume (1.314).
There was also an interesting price action at 1.3280 where it was recorded today max volume. I should have to consider also the max contract but I don't know the starting period for contract MAR09.
Btw what I'm expecting is that if price will rebound at level 1.3175/1.3140 it could be a good chance to place a buy order.
Any comments ?

Edit: I correct last week max volume that should be 1.3140 instead of 1.3160
Attached Image (click to enlarge)
Click to Enlarge Name: eua_28jan2009.jpg Size: 114 KB
  • #28
  • Jan 28, 2009 5:38am Jan 28, 2009 5:38am
Quoting skyline
My analisys on EUA for today (pls Aleksey correct me if I'm wrong)..

Looking at chart today we are in a buy zone since price opened above yesterday max volume (1.3175) and last week max volume (1.316).
There was also an interesting price action at 1.3280 where it was recorded today max volume. I should have to consider also the max contract but I don't know the starting period for contract MAR09.
Btw what I'm expecting is that if price will rebound at level 1.3175/1.3160 it could be a good chance to place a buy order.
Any comments ?
Now max volume of today is above 1,3175 so if they will come back to 1,3160-1,3175 you should wit for some confirmation- there should be 1 or two hours with large volumes.They should make there todays max volume- then its better to open long than under max positions of today.
skype: aleksey_trader
  • #29
  • Edited 5:53am Jan 28, 2009 5:42am | Edited 5:53am
Quoting Alex_S
Now max volume of today is above 1,3175 so if they will come back to 1,3160-1,3175 you should wit for some confirmation- there should be 1 or two hours with large volumes.They should make there todays max volume- then its better to open long than under max positions of today.
Hi Alex,
thx for your comment, max today volume was going down from 1.3280 to 1.3240 so we are still far from 1.3140-1.3175 , it seems there's no much action today on EUA.
Here's cluster situation on 60 min :
Attached Image (click to enlarge)
Click to Enlarge Name: eua_cluster.jpg Size: 101 KB
  • #30
  • Edited 9:21am Jan 28, 2009 6:07am | Edited 9:21am
Important levels:
Pay attention to the price 1.33 and 1.328

http://savepic.ru/453532.png
skype: aleksey_trader
  • #31
  • Jan 28, 2009 9:05am Jan 28, 2009 9:05am
http://savepic.ru/443280.png
skype: aleksey_trader
  • #32
  • Jan 28, 2009 9:25am Jan 28, 2009 9:25am
Important levels by tick volumes:
http://savepic.ru/413584.png
skype: aleksey_trader
  • #33
  • Jan 28, 2009 9:28am Jan 28, 2009 9:28am
Price difference with spot market 5-8 pips:

http://savepic.ru/411536.png
skype: aleksey_trader
  • #34
  • Jan 28, 2009 9:56am Jan 28, 2009 9:56am
big orders between 1.3230-1.3222, so now what should be the strategy Alex ? I'm quite confused lol
Attached Image (click to enlarge)
Click to Enlarge Name: eua_cluster.jpg Size: 116 KB
  • #35
  • Jan 28, 2009 10:11am Jan 28, 2009 10:11am
We see large volume accumulations today at the prices with largest volumes per hours yesterday(u see yellow lines at the bottom).So market came to yesterday`s largest volume per hour and made there a lot of big positions.That was quite interesting level for trading.Our strategy is to join large volumes(for example of previous hour):

http://savepic.ru/415634.png
skype: aleksey_trader
  • #36
  • Jan 28, 2009 10:20am Jan 28, 2009 10:20am
Quoting skyline
big orders between 1.3230-1.3222, so now what should be the strategy Alex ? I'm quite confused lol
Nothing interesting actually.I would wait till picture will be more clear- now market is between large volumes- of hour/yesterday and current max volume of day.It just rebounces between them and that is a risk.
skype: aleksey_trader
  • #37
  • Jan 28, 2009 10:25am Jan 28, 2009 10:25am
Quoting Alex_S
Nothing interesting actually.I would wait till picture will be more clear- now market is between large volumes- of hour/yesterday and current max volume of day.It just rebounces between them and that is a risk.
Thx !
  • #38
  • Jan 28, 2009 11:47am Jan 28, 2009 11:47am
As I already mansioned 2 or 3 big positions by tick volumes that stick together is a good level to trade- as there stands someones real big positions and market reacts to them.But its only in short time period.

Example of what heppened now:

http://savepic.ru/419735.png

http://savepic.ru/425879.png
skype: aleksey_trader
  • #39
  • Jan 28, 2009 11:50am Jan 28, 2009 11:50am
Price difference with spot market today 7-8 pips>Same things.

http://savepic.ru/414615.png
skype: aleksey_trader
  • #40
  • Jan 29, 2009 7:42am Jan 29, 2009 7:42am
Current situation:
We are under max volumes of contract(trend is declining- looking for short):
max volumes of contract:

http://savepic.ru/450488.png

Market just came there, and then on prices with max volumes of contract(red lines) appeared large volumes(593 lots for 5 min- very big positions - grey line) which pushed market under max volume of contract, nice opportunity to short:

http://savepic.ru/438200.png


http://savepic.ru/441272.png
skype: aleksey_trader
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