New opportunities on EUR/USD market

Euro analysis:
Results of the last week:
First half of the last week as it was predicted the market was in declining trend and has tested the price 1.4014 then turn back to 1.4273.
Having analysed last week from the point of view of the Market Profile and volumes the forecast for this week is following:

http://savepic.ru/741501m.png

Main levels are specified on pic. 1 - are maximum volumes of each day from last week, the basic area of volume accumulation is in a price range 1.4177 -1.4167 - it is a range where the majority of investors has placed their positions and it is priority level. Maximal price of this contract is 1.4307 - as soon as it will be breaken, many investors will start to open long positions, but also some large players can take advantage of it . Not to become part of this game I reccomend to wait for good correction to important levels and only then to make the decision for entering or not. Some levels that will be important 1.4242 and 1.4177.
If market will keep declining tendency - we will wait for formation of large maximal volume of day, and look for shorts below it.
1.4177 - 1.4167 - from this range it is possible to do short positions to max volume of Wednesday, and long positions to volume of Monday.

http://savepic.ru/775294m.png

On the pic. 2 you can accurately see all basic price ranges of each day of the last week.

thank you for nice thread, i always wondered the volume trading but couldnt find resource enough and you giving us the volumes ty so much.

with data gbpusd touched 1.6825 , what u think alex? how will the price will move on after now?

now it is highest prices of all current contract, so trend is gaining, but it is too risky to open long here, situation is complicated, so check todays intraday volumes:

http://savepic.ru/765861m.png

Max volume of today 6837, If market goes below that price it is not reccomended to hold long positions.

ty for reply.

Euro

Very large activity at the market...about 3-4000 lots during on hour at 4323

http://savepic.ru/766909m.png

Alex I can not read anything on that, can you post bigger charts please ?

Ok I will try

Yen analysis (YEN, 6J)

Yen has ended trading session at the price 1.02565, dollar has strenghtsen. Situation on the next week will be very interesting, we will check whether yen will hold 1.02 or not. If not, and market will go lower- then short positions will continue, if they could`nt break it, then correction to 1.0348 and 1.0444 is possible.
As yen is now under all largest volumes(max contract volumes) then it would be very hard for the market to give any good long position (pic.1)

http://savepic.ru/726908m.png

On the pic number 2 are indicated all max volumes of days and weekly volume 1.0496.
On volume histogramm(on the left) you can see price range with prices on which were highest activity during last week (red colour).
This should make trading more informative as you see where large players entered the market.

http://savepic.ru/770943m.png

Euro analysis

Posisbility of shorts in the ned of week was quite predicted as most of trades were made by the price 1.4397.
Employment report news become a "reason" of declining movement on main futures on currencies.By the way it was best report since August 08.
Next week will be full of important news.
On the pic.1 you may see max volumes of last few month. By using these levels you may trade, because such lagre volumes are always in priority.
On pic.1 you see that week has formed its volume in very tight price range and it`s about 1.4397.
Globally behaviour of euro futures contracts will be understood better after FOMC metting announcement.
On pic.1 are indicated main volumes of last week and on pic.2 all max volumes of days from last week.


http://savepic.ru/731007m.png

http://savepic.ru/729983m.png

Some educational material:

One of techniques of trading by volumes - consists in that to wait for the moment when the market is in a stage balanced and to advance on how many this price road or is cheap concerning the previous trading sessions. Example from this week:
Judging by that that from last Friday euro futures declined, when the unbalanced market passes in a stage of the return moreover and under the price is cheaper than it was before by 70% a certain rise in price is expected.
Situation on the example:
After falling the market has started to form a level (pic you may see lower) it is one of examples of a condition of the balanced market. Two days market traded in tight range and formed about 7000 lot of volume.
In the picture you may see bar chart with the histogram of a filtration of total amount, that is those histograms which are highlighted red - it means under these prices for two days was made more than 6000 lots. These prices also are the priority.


http://savepic.ru/775892m.png

What to do with this? Simply wait when market will gain and put limit orders at these levels. On the next pic you may see further situation. At opening of eurosession market was below our prices, and we dont look for short positions after such fast declining movement, its not reasonably, but though even if you would sell from such levels, there would be a technical rebound, so any loose. We waited long position.Market has gone up and then we put limit orders on these levels and thats all - stop in such trader shouldnt be more han 10 ticks.

http://savepic.ru/746196m.png

P.S. strategy is not given fully

Yen analysis
Important levels for next week.
Max volume of all contract - 1.06 47000 lots
Max volume of this month - 1.0496 13000 lots
Max volume of this week - 1.0403 4800 lots

Max volume of Monday -1.028
Max volume of Tuesday- 1.0428
Max volume of Wednesday -1.0403
Max volume of Thursday -1.0482
Max volume of Friday -1.056

These levels we should certainly consider .

Continuation would be on Monday ...

Euro
Important levels for next week.
Max volume of contract - 1.4223 32000 lots.
Max volume of month - 1.4215 30000 lots.
Max volume of week - 1.417 9000 lots.

Monday`s max vol -1.417
Tue - 1.4127
Wed -1.422
Thu -1.4284
Fri -1.4234
We should consider all these prices with large volumes that were formed during this week`s trading sessions. Next week also we will have important news on Tuesday:
Housing Starts
[Report][Star]8:30 AM ET

Producer Price Index
[Report][Star]8:30 AM ET

and on Friday:

Ben Bernanke Speaks
10:00 AM ET

Good luck!

Hi Alex_S!

First of all, thanks for the contribution!
I am new to the thread but checked all your posts.
As for today trades, as for me, Euro did no possibility to do trades, as price dropped under level of high last week volume!
Or you had trades today?
Rgd.

I had limit order on short from 4121 on Monday, didnt take me anyway

Using pivot points, channels together with levels from volumes

http://savepic.ru/832959m.png

and here is what my friend sent me=)

http://savepic.ru/808383m.gif

It seems a lot of lines!!

Ouch, my eyes hurt... LOL!

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