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Principles of market movements

  • #281
  • Feb 11, 2009 4:08am Feb 11, 2009 4:08am
I think they have 3 currency futures on their list, euro dollar, pound dollar yen dollar
Just my 2 cents worth
  • #282
  • Feb 11, 2009 4:13am Feb 11, 2009 4:13am
In this moment the developer stopped currencies data so you cant see their volumes.

I send a email to volfix programmers and ask about prices and this is their answer email:


Hello,

Price of monthly subscription depends on instruments which you are going to trade through our platform.
Currencies (Euro, British pound, Yen) cost $300 per month each, gold and crude oil cost $600 per month each, e-mini S&P500 cost $1000 (you could add two other instruments to this subscription for the same price).

--
Kind regards,
Vasyl Gryshchenko
VolFix
  • #283
  • Feb 11, 2009 4:41am Feb 11, 2009 4:41am
Quoting deanz
We all knew Volfix would start charging for their product sometime, it makes no sense to invest so much development time into it otherwise.

Anyway there are alternatives that will give similar information but display differently, maybe better !

You need NinjaTrader to use the indicators, it's free at zen-fire.com
Volfix and zen-fire have the exact same volume data, I have added up the total volume in a column of say a 1 minute bar or a 60 minute bar-cluster chart and it is the same as the volume on the same time frame bar chart in NinjaTrader....
Hi Dean, i am having trouble downloading the 2 indicators into Ninja Trader, when i want to import them from my desktop, they are not there, as if the indicators are in a different file format
Just my 2 cents worth
  • #284
  • Feb 11, 2009 5:30am Feb 11, 2009 5:30am
Thank you for your valuable input.

Quoting deanz
We all knew Volfix would start charging for their product sometime, it makes no sense to invest so much development time into it otherwise.

Anyway there are alternatives that will give similar information but display differently, maybe better !

You need NinjaTrader to use the indicators, it's free at zen-fire.com
Volfix and zen-fire have the exact same volume data, I have added up the total volume in a column of say a 1 minute bar or a 60 minute bar-cluster chart and it is the same as the volume on the same time frame bar chart in NinjaTrader.


There...
  • #285
  • Feb 11, 2009 5:33am Feb 11, 2009 5:33am
Interesting thread for me,thanks!
  • #286
  • Feb 11, 2009 5:45am Feb 11, 2009 5:45am
I trie this indicators in ninja platform and are interesting but also they work on forex chart so i think they can show only tick volume from the broker and are not able to look at real order from the big boy and market market.
  • #287
  • Feb 11, 2009 5:56am Feb 11, 2009 5:56am
Quoting Guy Mann
Click on All Prices
Then click on 3M and the drop down list gives you their instuments that you can look at

I believe that it is $300 for currencies, I think

Guy,

Thanks, I really appreciate the help on using the volfix menu and the pricing info.

Chrys,

You know me, thanks for introducing me to these volume indicator threads, when you have some time can you contact via yahoo messenger or meet me in the chat.

Thanks
  • #288
  • Feb 11, 2009 6:13am Feb 11, 2009 6:13am
The analysis: YEN after strong decline last week, forms volumes on Monday at 1.0919 and on Tuesday at 1.0973. As the market is under important levels - it is basicly in a sell-zone. Concerning volume of current week that pushes the market upwards, and days (Monday and Tuesday) we are in a buy-zone.
On a slide I have shown levels of resistance and the important levels. Movement in a corridor between 1.164 and volume of current week 1.0973 is expected.

If market forms volume under 1.118 and 1.146 and 1.1164 and dont break throug 2nd largest volume of contract- 1.114- market may decline to volume of current week.
skype: aleksey_trader
  • #289
  • Feb 11, 2009 6:14am Feb 11, 2009 6:14am
In a situation if market will be pushed higher it is necessary to wait while market will leave level indicated on a slide (gradient) then at the price 1.114 will be the new max volume of contract-as a difference between price 1.1235 (12205 lots) and by 1.114 (12080 lots) is not big. Where then will go yen we will look - it depends on where will be situated Wednesday`s volumes.

http://savepic.ru/422648.png

Max volumes of all contract (that trades 3 month):

http://savepic.ru/447202.png
skype: aleksey_trader
  • #290
  • Feb 11, 2009 7:20am Feb 11, 2009 7:20am
I saw people post here some volumes from ninja or other sources, I just advise them to be careful with that.Noone knows what is actually that, but you may be sure that you won`t find real volumes for free...or is there any people believing MT is showing any actual volume on Forex pairs?Volumes you can buy, go to CME site or any site of Board of trade and there are some companys that sell data about volumes, free real volumes won`t show you any platform and any broker.
skype: aleksey_trader
  • #291
  • Feb 11, 2009 7:45am Feb 11, 2009 7:45am
British pound

After yeaterday`s strong market decline it is now under everything- max volumes of yesterday, contract and current and previous week.Market in a sell-zone, it rebounces from max volume of contract and will probably go to 1,43 which is max volume of week that was before previous.It may be forming all day volumes on the bottom or give one more ooportunity to short, depends of todays intraday volumes:

http://savepic.ru/453373.png

Max volume of contract that inspires in March:

http://savepic.ru/434941.png
skype: aleksey_trader
  • #292
  • Feb 11, 2009 8:49am Feb 11, 2009 8:49am
Yes and about software- about old demo accounts with volumes on currencies they are still aviable, as many people are studying how to use volumes, send a me personal message, I don`t want people to discuss it here, and then hear abuses in advertisment, so in nearest future I hope I will post here analysis based on bloomberg platform too.Good trading to everyone.
skype: aleksey_trader
  • #293
  • Feb 12, 2009 6:52am Feb 12, 2009 6:52am
For Cable (gbp/usd) we had an excellent trade from below the previous day's max volume. Note how price was forming the volume for several hours.

I used fibs for target take profit as we were below all previous major volume targets.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 23 KB
  • #294
  • Feb 12, 2009 7:19am Feb 12, 2009 7:19am
Not bad for a free software. I just compared hourly max volumes on Ninja Trader and Bloomberg. It is the same. Also works with total hourly and daily volumes.


Quoting Alex_S
I saw people post here some volumes from ninja or other sources, I just advise them to be careful with that.Noone knows what is actually that, but you may be sure that you won`t find real volumes for free...or is there any people believing MT is showing any actual volume on Forex pairs?Volumes you can buy, go to CME site or any site of Board of trade and there are some companys that sell data about volumes, free real volumes won`t show you any platform and any broker.
Attached Image (click to enlarge)
Click to Enlarge Name: hourly max volume bloomberg ninja comparison.jpg Size: 209 KB
  • #295
  • Feb 12, 2009 7:56am Feb 12, 2009 7:56am
Quoting miosono1
Not bad for a free software. I just compared hourly max volumes on Ninja Trader and Bloomberg. It is the same. Also works with total hourly and daily volumes.
I use ninja trader for opening my positions, but not more.If you can use such histogrammes for trading by volumes I would be really interested to see your posts here.
skype: aleksey_trader
  • #296
  • Feb 12, 2009 8:02am Feb 12, 2009 8:02am
Quoting GodfreyH
For Cable (gbp/usd) we had an excellent trade from below the previous day's max volume. Note how price was forming the volume for several hours.

I used fibs for target take profit as we were below all previous major volume targets.
Yes it was interesting, 11.02 market made at 1,436-1,4355 huge volumes of 1344 lots, and after 12.02 has broken these prices closest target was only 1,43.They went much far
skype: aleksey_trader
  • #297
  • Feb 12, 2009 8:33am Feb 12, 2009 8:33am
Chill out mate, no one is trying to disrespect your trade or take away your "customers". I am just trying to help people who do not have the means to pay for Volfix or any other expensive news or date service.

Quoting Alex_S
I use ninja trader for opening my positions, but not more.If you can use such histogrammes for trading by volumes I would be really interested to see your posts here.
  • #298
  • Feb 12, 2009 8:40am Feb 12, 2009 8:40am
Quoting miosono1
Chill out mate, no one is trying to disrespect your trade or take away your "customers". I am just trying to help people who do not have the means to pay for Volfix or any other expensive news or date service.
That`s what I am talking about.I have no custumers here, all I want to see here is good analytics, and as I see you are using good information services too, so be my guest here.
skype: aleksey_trader
  • #299
  • Feb 12, 2009 2:27pm Feb 12, 2009 2:27pm
Quoting Dallas4lr
Yes,


I agree and I just relayed your request to her via email, so lets see what happens.



Dallas
Thank you for your interest in Chart-Ex. I am happy to answer any questions that you might have...just make them easy

I like your idea about having the top 3 volume numbers. I am also in looking into having the 70% value area as an option.
My enchancements are what I am working now, so it is good to hear input from traders in what they are looking for that helps them make trading decisions.
  • #300
  • Feb 12, 2009 3:25pm Feb 12, 2009 3:25pm
Quoting deanz
We all knew Volfix would start charging for their product sometime, it makes no sense to invest so much development time into it otherwise.

Anyway there are alternatives that will give similar information but display differently, maybe better !...
Thanks for this info Dean, Very useful. and yes it is always a bit of pain to learn the subtleties of a new software package, (on top of developing a trading strategy) , but I think I need to spread my wings. I've been joined at the hip to metatrader for too long. I more or less know it inside out, which took several months, so I'm sure this learning process of NinjaTrader will take a while, but I feel it will ultimately be worth it.

Thanks again for the indicators.

As a former Internet Researcher I find that most of the paid information on the net can be obtained freely if you look hard enough or are willing to do some extra work to put it together. I think Voltix has packaged the information neatly and so they should quite reasonably expect compensation for their efforts. That said, in the spirit of sharing, I have included two links below, one to the forex factory thread and the ingenuity of VolumeTrader that inspired the creation of a volume program that does a lot of what is being described in this thread and also the link to the program, which is freely available .

http://www.forexfactory.com/showthread.php?t=126216
http://trading-evolution.com/
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