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  • #117,341
  • Jul 2, 2009 11:49am Jul 2, 2009 11:49am
Quoting The Fool
For anyone interested in true volume, just open a demo futures account and you can see real volume data on almost anything you might care to trade. I trade spot and futures at the same time live, but when I had the futures demo & live spot, the lag between the two was only a few seconds at most. CME euro FX and spot match pretty well tick for tick even in M1, but there are differences. Depending on where your "volume" data is coming from through your spot broker, it is likely that the CME true volume is based much larger liquidity anyway..
Interesting suggestion. Can you please post a link to a site for downloading demo program? Thank you very much for this idea.
  • #117,342
  • Jul 2, 2009 11:49am Jul 2, 2009 11:49am
Quoting TheFisherman
Have you been smoking something lately? If you call this choppy then I how woul TRENDING look for you?
  • #117,343
  • Jul 2, 2009 11:54am Jul 2, 2009 11:54am
Quoting traderathome
Interesting suggestion. Can you please post a link to a site for downloading demo program? Thank you very much for this idea.
There are many futures brokers that have demo programs. I use Global Futures, but there's also (and I can't vouch for any of them) Amp, Infinity, Mirus, Open E-Cry, etc...

Google any & you will find them easily
"If The Fool persists in his Folly he will become wise." - William Blake
  • #117,344
  • Jul 2, 2009 11:55am Jul 2, 2009 11:55am
I suppose we go up Soon
  • #117,345
  • Jul 2, 2009 12:04pm Jul 2, 2009 12:04pm
On H4 if im counging it right in the big picture we are on wave 5 due for the big A retrace downwards, can anybody help me on my counting if im wrong?
  • #117,346
  • Jul 2, 2009 12:05pm Jul 2, 2009 12:05pm
The blue boxed area on this M5 chart is the current range, as I see it anyway, and not until PA breaks up out of this range will I be real comfortable with my long trade.
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  • #117,347
  • Jul 2, 2009 12:13pm Jul 2, 2009 12:13pm
Quoting dandawman
On H4 if im counging it right in the big picture we are on wave 5 due for the big A retrace downwards, can anybody help me on my counting if im wrong?
I'm not experience with ew but 4h seems to me 4w correction
  • #117,348
  • Jul 2, 2009 12:16pm Jul 2, 2009 12:16pm
Quoting The Fool
For anyone interested in true volume, just open a demo futures account and you can see real volume data on almost anything you might care to trade. I trade spot and futures at the same time live, but when I had the futures demo & live spot, the lag between the two was only a few seconds at most. CME euro FX and spot match pretty well tick for tick even in M1, but there are differences. Depending on where your "volume" data is coming from through your spot broker, it is likely that the CME true volume is based much larger liquidity anyway..
I aked the question before, but did some more reading on it. E-Sgnal supposed to be delivering the most reliable volume on fx, tickvolume that is. As it's based on interbankdata, where a large percentage of all fx trades are recorded, tis what i read anyway.

But CME volume on the EURO FX is number of contracts traded, and liquidity in this fut is nothing compared to fx.

My question was related though, the fut is lagging or rather following the fx rate. No way the fut market with its 300k contracts a day is making the $ go up or down. So what does this contract traded volume really tell us? I'm just clueless here.

Edit: I'm with mirus btw. very happy with them.
  • #117,349
  • Jul 2, 2009 12:17pm Jul 2, 2009 12:17pm
Quoting egkid
I'm not experience with ew but 4h seems to me 4w correction
Your posts, and those of the person you are responding to, would have much more value to the rest of us, if you would post a chart! In this case, with the Elliot Waves shown and labeled. Can you do this, please?
  • #117,350
  • Jul 2, 2009 12:20pm Jul 2, 2009 12:20pm
Quoting traderathome
Platform is MT4, and volume data is only that going thru the Metaquotes server and on to my broker. As such, it is far from being complete and accurate volume data, but useful as "representative" volume data. I am much surprised to hear that FXCM has absolutely no volume data at all!
No Volume indeed, but they got a package where "Market Depth" can be seen. Not sure what that actually is, will look into it....
Don't be a hero. Don't have an ego. Always question yourself
  • #117,351
  • Jul 2, 2009 12:21pm Jul 2, 2009 12:21pm
Quoting traderathome
Your posts, and those of the person you are responding to, would have much more value to the rest of us, if you would post a chart! In this case, with the Elliot Waves shown and labeled. Can you do this, please?
I'm not experience with ew but u can find good ew trader on the ew thread
  • #117,352
  • Jul 2, 2009 12:24pm Jul 2, 2009 12:24pm
[quote=gatorinla;2843834]were back below 4148.. we usually dont stay long above this.. 4148 is a big number to me .. as mentioned before i got some past history wicks above 4148 but not many..we usaully close below..

weaker numbers are 4249 24 10 4199 87 71 48 24 10 4098 86 72 48 33 24 17 10 01 3986 74 67 61 55 48 3936
above red numbers are the strongest then blue then black. black could be used for scalping (metr4) may want to add 1 pip to numbers. check it out with your platform. using mbna i have to subtract 2...

continued repost

above numbers still good.. i did not have time before but here is the extension...put these the past numbers on different tf if you doubt them..they dont predict direction (not always true sometimes they do predict direction if you add in pa) but either way they are respected.

3986 74 67 61 55 48 3936 24 17 11 02 3897 3885 70 61 54 47 38 3823
3799 85 73 61 47 3723

check against your numbers an adjust 1 or 2 pips to match your broker if needed.. the dead space between blue/black numbers are nuetral.. good places for pull backs..until trends resume..3723 is my next target the mid point is 3935/36... i tweaked numbers they are more precise then in the past.. moving fibs work well with these numbers..a close below 3936 today would be possitive for shorts..close below 3723 puts a bullseye on 3509 then 3295
i will post post smaller numbers if needed before we get there

nfp could change my mind.. next 2 weeks will be sink or swim for this pair..
those who can, do. those who cant, talk about those who can
  • #117,353
  • Jul 2, 2009 12:25pm Jul 2, 2009 12:25pm
I feel that is time to retrace to the 1.4030 if it go down to 1.4010 i am going long.
  • #117,354
  • Jul 2, 2009 12:25pm Jul 2, 2009 12:25pm
Quoting egkid
I'm not experience with ew but u can find good ew trader on the ew thread
What I am suggesting is that, based upon your statement, "I'm not experience with ew but 4h seems to me 4w correction.", that you post a chart with the waves shown and labeled as you see them. Otherwise, your post is of absolutely no value to anyone....not when we cannot see what you are seeing, the way you are seeing it. Thank you.
  • #117,355
  • Jul 2, 2009 12:27pm Jul 2, 2009 12:27pm
fabreu30I would strongly suggest not to trade for the rest of the day. Most of the US traders are done for the day. You will get trapped in a position and won't be able to get out
  • #117,356
  • Jul 2, 2009 12:32pm Jul 2, 2009 12:32pm
Quoting vinesh2
fabreu30I would strongly suggest not to trade for the rest of the day. Most of the US traders are done for the day. You will get trapped in a position and won't be able to get out
thnk for your advice and u r correct i was there 20 pip down i got out with a small profit my stomach felt like i was getting a six pack lol thk any way for the advice.
  • #117,357
  • Jul 2, 2009 12:33pm Jul 2, 2009 12:33pm
Quoting traderathome
The blue boxed area on this M5 chart is the current range, as I see it anyway, and not until PA breaks up out of this range will I be real comfortable with my long trade.
Price has to get above S1 at 1.4125 and stay above, to show strength in longs. At this point every move up is met with resistance. However, the selling pressure is reduced. I am still long although taking some heat.
  • #117,358
  • Jul 2, 2009 12:34pm Jul 2, 2009 12:34pm
Quoting USD-Bear
No Volume indeed, but they got a package where "Market Depth" can be seen. Not sure what that actually is, will look into it....
In finance, market depth is the size of an order needed to move the market a given amount. If the market is deep, a large order is needed to change the price. Market depth closely relates to the notion of liquidity, the ease to find a trading partner for a given order: a deep market is also a liquid market.

Could be very interesting, what do you think?
Don't be a hero. Don't have an ego. Always question yourself
  • #117,359
  • Jul 2, 2009 12:49pm Jul 2, 2009 12:49pm
pinbar / Doji in the making on 4hr
  • #117,360
  • Jul 2, 2009 12:50pm Jul 2, 2009 12:50pm
Long from .4011. Don't know whether to TP @ 30 or leave for tonight
cut losses short, let profits run.
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