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Principles of market movements

  • #221
  • Jan 27, 2009 8:18am Jan 27, 2009 8:18am
YEN
Today`s trade on yen market
Today there was a long position from max volume of last week 1, 1118:

http://savepic.ru/438388.png

Max volume of contract:

http://savepic.ru/428148.png

Basically sell zone is under max volume of previous week and buy zone is above max volume of contract:

http://savepic.ru/414838.png

On the pic you see possible ways of market behavior in the nearest days.
skype: aleksey_trader
  • #222
  • Jan 27, 2009 8:26pm Jan 27, 2009 8:26pm
Quoting Alex_S
YEN
Today`s trade on yen market
Today there was a long position from max volume of last week 1, 1118:

http://savepic.ru/438388.png

Max volume of contract:

http://savepic.ru/428148.png

Basically sell zone is under max volume of previous week and buy zone is above max volume of contract:

http://savepic.ru/414838.png

On the pic you see possible ways of market behavior in the nearest days.

Hi Alex. Thank you for this interesting thread.
This is very interesting softwhere.

Well, I got some questions regarding this softwear "Volfix".

First of all, If you do not mind, could you tell me a bit about the soft. Where is the data coming from, which trading company owns the system, etc...

Becuase I was looking for the information, i couldnt find any details. What I found is only few blogs that show Russian uses it.... though i can not read it.

May be you r the creator of Volfix!? becuase there was your name in "Load profile" tag on Cluster chart.....

Also here is one more question.

i trade USD/JPY now, and I want to find res and sup price by Volfix.
Then how could i find?
when i look at "YEN" volume, Between Volfix and MT4, there are used different prices...

oh.. I got so many questions...
  • #223
  • Jan 28, 2009 3:23am Jan 28, 2009 3:23am
Quoting calcalcal

Also here is one more question.

i trade USD/JPY now, and I want to find res and sup price by Volfix.
Then how could i find?
when i look at "YEN" volume, Between Volfix and MT4, there are used different prices...
The futures contract related to USD/JPY of spot forex is the contract starting 6J.. ( currently 6JH9 ).

It's correct that the price is not the same, and the chart too ... In fact, you will find that the chart mirror the USD/JPY and the reason is that the futures contract offer JPY/USD instead of USD/JPY.

So if you use metatrader like me you have to find a broker offering currency futures contract quotes to mirror informations on USD/JPY spot forex chart.
  • #224
  • Jan 28, 2009 5:56am Jan 28, 2009 5:56am
Quoting Kyuubi
The futures contract related to USD/JPY of spot forex is the contract starting 6J.. ( currently 6JH9 ).

It's correct that the price is not the same, and the chart too ... In fact, you will find that the chart mirror the USD/JPY and the reason is that the futures contract offer JPY/USD instead of USD/JPY.

So if you use metatrader like me you have to find a broker offering currency futures contract quotes to mirror informations on USD/JPY spot forex chart.
Hi, Kyuubi.
Thank you for your reply.

A broker...... u mean a broker like this?
http://www.whcmarket.com/

Now I found how to watch currency movement with Volfix.
but i still do not know how to refer "Cluster chart" and "Bar chart" as Alex does....

Whats Barc1? it mean "Bar candle"!?
There are also tags, shows YEN_Synth1, YEN_synth2....

Sounds like, to understand this thread, i need to have other knowledge like stocks, GC, emini..... can not understand by just understanding Currency market.

Sorry, what is "6JH9"

What i want to do is that watch the volume movement of currencies by number on chart, just like the Cluster Chart does.

I appreciate your help
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  • #225
  • Edited 8:25am Jan 28, 2009 6:02am | Edited 8:25am
Quoting Alex_S
The best trades on pipsing -when big positions on the hights and lows stick together.
For example on chart you see how at 10:15:15 big position of 107 lots appeared on the price 1,4206.Than at 10:16:19 we see 126 and 57 lots on 1,4205.
Time interval- about minute.2 or 3 positions stick together on one price- that is very important level.Than we see how market touched this level and rebounded.Here we should buy.
p.s. level-price with large volume.

http://savepic.ru/371579.png


http://savepic.ru/376699.png

this question is to VSA people that are reading the thread, like Dr Geppynius and others.

id like to confirm with VSA people that these examples above are the opposite of VSA, correct? Because with VSA the signal should be buy if the test don't produce volume as high as the first high volume appearence.

is this correct?

thanks in advance.

and thanks again, Alex.
  • #226
  • Jan 28, 2009 7:57am Jan 28, 2009 7:57am
Quoting Kyuubi
The futures contract related to USD/JPY of spot forex is the contract starting 6J.. ( currently 6JH9 ).

It's correct that the price is not the same, and the chart too ... In fact, you will find that the chart mirror the USD/JPY and the reason is that the futures contract offer JPY/USD instead of USD/JPY.

So if you use metatrader like me you have to find a broker offering currency futures contract quotes to mirror informations on USD/JPY spot forex chart.

Yes usd/jpy differs from yen futures.But as I found it moves exactly opposite.There was a nice trade now on yen:

http://savepic.ru/433043.png

MAX volumes of week:

http://savepic.ru/402323.png

MAx volumes of contract:

http://savepic.ru/409491.png
skype: aleksey_trader
  • #227
  • Jan 28, 2009 8:06am Jan 28, 2009 8:06am
To Calcalcal:


In bar chart u need just yen.6JH9 is a contract name for futures, for yen i guess.Connect me on email and I will help u with options, but not here- this thread is about volumes and only.
skype: aleksey_trader
  • #228
  • Jan 28, 2009 8:53am Jan 28, 2009 8:53am
On yen futures market is trading dollarper yen and on forex yen/dollar.Thats why yen futures and usd/jpy moves exactly opposite.
skype: aleksey_trader
  • #229
  • Jan 28, 2009 9:30am Jan 28, 2009 9:30am
To calcalcal:
I don`t know what is that with my name there but sounds funny))data is get from cme(chicago mercantile exchange) u may check it on the site- they post volumes with delay.Its not my program - other information please ask me in email or this thread will be banned)
skype: aleksey_trader
  • #230
  • Edited 10:15am Jan 28, 2009 10:00am | Edited 10:15am
Quoting Alex_S
Yes usd/jpy differs from yen futures.But as I found it moves exactly opposite.There was a nice trade now on yen:

http://savepic.ru/433043.png

MAX volumes of week:

http://savepic.ru/402323.png

MAx volumes of contract:

http://savepic.ru/409491.png

Hi Alex.
Thank you for reply!

Yes. I see what is exactly happening "YEN" on Volfix bar chart and USD/JPY of MT4 chart.
YEN is going down caz USD is being stronger. I understand that.

well, "Different price" i asked was about the # like 1,1115... 1,1145 shon on the side of chart. May be thats the amount of volume...
Also the #s on cluster chart is showing the "order (lots) volume" Am i right!?

And I might got this too. "6J" means Symble of YEN. H,M,U,Z, mean is contract month. 9 mean is time. Sun-F 5pm -4pm.

Ohhh. Id never cared stock/gc trading. but for now i got to start study for understanding thoese symbols used on Volfix...though refering relations work for my trade style becuase im scalper and close position less than 1 min since op. So i need to find exact extry point right before the price jumps up/down. Neen to try it!

Have u ever tried to find op point with the volume system for scalping?

Yes, your name Alex2, Alex mini are in "load profile" on Cluster chart.

Im sorry for that i posted personal question, and appreciate your kindness.
Please keep posting this useful thread for fans!


Best Regards
  • #231
  • Jan 29, 2009 5:30am Jan 29, 2009 5:30am
Quoting calcalcal
Hi Alex.

No I don`t use volumes for scalping.Pipsing sure 5- 10 pips- maybe, though I don`t like it, but there is a way I already wrote about that.
skype: aleksey_trader
  • #232
  • Jan 30, 2009 8:40am Jan 30, 2009 8:40am
MAX volumes of week vs Max volume of contract
=====================================

Which is more important ?

Till now, i don't what is the difference between both volume week vs volume of contract ?
The future depends on what we do in the present.
  • #233
  • Jan 30, 2009 9:06am Jan 30, 2009 9:06am
Quoting compro99
MAX volumes of week vs Max volume of contract
=====================================

Which is more important ?

Till now, i don't what is the difference between both volume week vs volume of contract ?
Simple: price with max volumes of contract is the most important, price with max volume of week is secondary important.But situations are different.
skype: aleksey_trader
  • #234
  • Jan 30, 2009 9:09am Jan 30, 2009 9:09am
I don`t think that commets are needed here:

Max volume of contract-10k which was formed at 8:16:

http://savepic.ru/414661.png

http://savepic.ru/427994.png
skype: aleksey_trader
  • #235
  • Jan 30, 2009 10:41am Jan 30, 2009 10:41am
Quoting Alex_S
I don`t think that commets are needed here:

Max volume of contract-10k which was formed at 8:16:



You got a big one! Nice
  • #236
  • Jan 31, 2009 10:40am Jan 31, 2009 10:40am
Alex,

If I'm understanding this correctly, and 1.3140 is the max volume for the entire contract, what would you have done at the point I have circled. Was there any reason why you wouldn't have shorted there.

Also, what is the best way to find out the difference between the futures and spot price. So if you were aware of 1.3140 as being important, how do you work out what that price would equate to on spot, which appears to have been 1.3145

Thanks.
Attached Image (click to enlarge)
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  • #237
  • Feb 2, 2009 7:21am Feb 2, 2009 7:21am
Quoting DynamicFx
Alex,

If I'm understanding this correctly, and 1.3140 is the max volume for the entire contract, what would you have done at the point I have circled. Was there any reason why you wouldn't have shorted there.

Also, what is the best way to find out the difference between the futures and spot price. So if you were aware of 1.3140 as being important, how do you work out what that price would equate to on spot, which appears to have been 1.3145

Thanks.
I always analyse futures market, and when appears some nice trade, spot market will give it too, as price movements are the same at the same time, it does not matter is difference between spot and futures price is 5 or 8 pips, if EUA futures will decline, exactly the same spot market EUR/USD will do.
skype: aleksey_trader
  • #238
  • Feb 2, 2009 7:40am Feb 2, 2009 7:40am
Alex i have a few questions. Example: we look at previous day max volume prices. We have 2000 contracts on 1.3500, then 1600 on 1.3400 and 1400 on 1.3401. If i understand the basics right 1.3400-1.3401 will be a more important level than 1.3500. Probably this won't happen often (most of the time there will be other big volumes around 1.3500 but hypothetically, am I right?)
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #239
  • Feb 2, 2009 11:04am Feb 2, 2009 11:04am
Quoting eyecelll
Alex i have a few questions. Example: we look at previous day max volume prices. We have 2000 contracts on 1.3500, then 1600 on 1.3400 and 1400 on 1.3401. If i understand the basics right 1.3400-1.3401 will be a more important level than 1.3500. Probably this won't happen often (most of the time there will be other big volumes around 1.3500 but hypothetically, am I right?)
Usually max volumes of day don`t stand at such large distance, usually they are in some little price range.If max volumes of day are at 1,35 and 1,34 we consider largest.Of course if we trade from 1,35 we will cover for example at 1,34.If large distance between volume- that adds risk.Large volumes in little price range is the bestlevel to trade.
skype: aleksey_trader
  • #240
  • Feb 2, 2009 3:38pm Feb 2, 2009 3:38pm
Quoting Alex_S
Usually max volumes of day don`t stand at such large distance, usually they are in some little price range.If max volumes of day are at 1,35 and 1,34 we consider largest.Of course if we trade from 1,35 we will cover for example at 1,34.If large distance between volume- that adds risk.Large volumes in little price range is the bestlevel to trade.

Alex, ... which is the most important level 1.3500 or 1.3400-1.3401 ?
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