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  • #203,101
  • Feb 25, 2010 11:19pm Feb 25, 2010 11:19pm
Are those volume indicator reliables?
I mean... on MT4 the only way to "estimate" volume is via price ticks count...
Excuse me but this really doesn't tell me anything...
I think this is better to call these kind of stuff "activity indicators" rather than "volume indicators"... activity means nothing against true volume...
What do you think?
  • #203,102
  • Feb 25, 2010 11:21pm Feb 25, 2010 11:21pm
Does anyone who is computer savy know how to get a .mql file to work?

I can only get indicators that have ex4 as an extension to work.....it wont open up or download to my computer...it says there is not a program on my computer that will open it....

thanks
  • #203,103
  • Feb 25, 2010 11:23pm Feb 25, 2010 11:23pm
3635 is good level for resistance, but 3650 is with slippage as gator would say. 3650 will also touch the top bollinger band. Genereally when we get an opening across the middle bollinger bands, price tends to move all the way to the other band. for proof, pull up a 4hr chart, apply bollinger with standard settings, and analyze what I just said!
All that is left in FF is just plain garbage. "Cloggie"
  • #203,104
  • Feb 25, 2010 11:24pm Feb 25, 2010 11:24pm
attached is my chart. Please do leave any feedback so i can learn. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 4 HR EUR.gif Size: 15 KB
  • #203,105
  • Feb 25, 2010 11:24pm Feb 25, 2010 11:24pm
Quoting IMARICH1
Does anyone who is computer savy know how to get a .mql file to work?

I can only get indicators that have ex4 as an extension to work.....it wont open up or download to my computer...it says there is not a program on my computer that will open it....

thanks

that sounds like a metatrader file

try this:-

1) work out what directory these files are like programs/metatrader/mqlfiles >> and see if you need to put there file there so you can open it.

Or

2) you need a convert the file to ex4. I would try googling mql to ex4 and you will see a range of programs that do this easily.

That is my 2 cents.

Jesterx
  • #203,106
  • Feb 25, 2010 11:25pm Feb 25, 2010 11:25pm
Gator,

You mentioned confirmation. Has that been covered in the thread or how do you go about confirming?

Thanks
BR

Quoting gatorinla
yes but it may slip past. and i dont know if or how high. if it does go past it usually comes back to the number and it becomes a soft s/r as time goes on.. but it should be a good place to unload then wait for bounce then re-enter.. i do this often.. but sometimes it dont stop... i still dont have comfirmation. so the bulls are still in charge atm.. it has to develope
  • #203,107
  • Feb 25, 2010 11:25pm Feb 25, 2010 11:25pm
CHF back in its channel and looks good along with EU falling....

Waiting for Gator's confirmation
  • #203,108
  • Feb 25, 2010 11:26pm Feb 25, 2010 11:26pm
Quoting IMARICH1
Does anyone who is computer savy know how to get a .mql file to work?

I can only get indicators that have ex4 as an extension to work.....it wont open up or download to my computer...it says there is not a program on my computer that will open it....

thanks
.mql or .mq4 file extension?

.mq4 files needs to be compiled first in order to use them into the terminal (metatrader4)... maybe you are using indicators for metatrader3 and that's why they won't work on mt4...
If your indicator is for mt4, and your files is .mq4, then just drag it into your expert/indicators folder and restart your platform, this automatically compile every mq4 file found in your indicators folder...
  • #203,109
  • Feb 25, 2010 11:26pm Feb 25, 2010 11:26pm
Quoting Zhisiong86
attached is my chart. Please do leave any feedback so i can learn. Thanks
well done!!

that line is our major falling resistance for now. You might have missed the other patterns but for now as a currency trader of 10 years....this is line I am playing with for now.

Anticipating a touch of this line and back down we go.

Time to watch and wait to see if we get there first.
  • #203,110
  • Feb 25, 2010 11:27pm Feb 25, 2010 11:27pm
Thanks for the computer tip...I'll try that....
  • #203,111
  • Feb 25, 2010 11:34pm Feb 25, 2010 11:34pm
The principal; behind VSA is... not to know the actual volume.... but to compare the current bars volume with other historic bars (background in VSA terms).

True it is ticks. but 1,000 ticks on a bar as compared to 50 has meaning.

Take care,
BR

Quoting cacus
Are those volume indicator reliables?
I mean... on MT4 the only way to "estimate" volume is via price ticks count...
Excuse me but this really doesn't tell me anything...
I think this is better to call these kind of stuff "activity indicators" rather than "volume indicators"... activity means nothing against true volume...
What do you think?
  • #203,112
  • Feb 25, 2010 11:39pm Feb 25, 2010 11:39pm
Quoting IMARICH1
Does anyone who is computer savy know how to get a .mql file to work?

I can only get indicators that have ex4 as an extension to work.....it wont open up or download to my computer...it says there is not a program on my computer that will open it....

thanks
the file should only work in MT4 & it open when placed properly.but you say, it can't even download in your computer ? if download ,place in mt4 appropriate folder.check your mt4 indicator folder to see if there any mql files already working ?
if can't then other problem may be there in the computer, program downloading etc.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #203,113
  • Feb 25, 2010 11:39pm Feb 25, 2010 11:39pm
Quoting Big1red9
Gator,

You mentioned confirmation. Has that been covered in the thread or how do you go about confirming?

Thanks
BR
most of us are already in with sl at be... so were just waiting..so it dont matter its a free trade. im waiting for reaction to 77... like the reaction it had to 78... close but no cigar so far.. but with other things guys i trust here have said i think we are in bear mood.. but i still dont have what i need. but its probable. it rare that a small bull/bear doesnt gain momentem so next target would be 3510 +slip
those who can, do. those who cant, talk about those who can
  • #203,114
  • Feb 25, 2010 11:44pm Feb 25, 2010 11:44pm
Well that just bites.....B/E stopped out.....every time I get a good position this is what happens....

then when I try top get back in...I end up miss the move or chase it....sigh...

I think we are going up to at least test 3622
  • #203,115
  • Feb 25, 2010 11:44pm Feb 25, 2010 11:44pm
I like a short entry at 1.3600 SL 1.3620 TP 1.3450
  • #203,116
  • Feb 25, 2010 11:45pm Feb 25, 2010 11:45pm
Quoting tonyo524
3635 is good level for resistance, but 3650 is with slippage as gator would say. 3650 will also touch the top bollinger band. Genereally when we get an opening across the middle bollinger bands, price tends to move all the way to the other band. for proof, pull up a 4hr chart, apply bollinger with standard settings, and analyze what I just said!
Tonyo - paint the 1st deviations too. Might refine your observations.
  • #203,117
  • Feb 25, 2010 11:45pm Feb 25, 2010 11:45pm
Quoting Big1red9
The principal; behind VSA is... not to know the actual volume.... but to compare the current bars volume with other historic bars (background in VSA terms).

True it is ticks. but 1,000 ticks on a bar as compared to 50 has meaning.

Take care,
BR
Ok, thanks.
But this could also be understood as choppy market on lower TF...
I've read some VSA documents and still don't get the idea of how that kind of analysis could be really a way to know future values... Yes, that means choppy, but it's not always gonna mean trend changes... I believe always in the main premise of market: buy low, sell high... That's why i always base my analysis on channels and watching what each currency is doing separately... Pay attention to ATR, CCI and such indicators... That talks to me better about volume than any other volume indicator (ticks)... At least on this uncentralized market...

Good discussion.
Take care.

JC
  • #203,118
  • Feb 25, 2010 11:47pm Feb 25, 2010 11:47pm
Quoting IMARICH1
Well that just bites.....B/E stopped out.....every time I get a good position this is what happens....

then when I try top get back in...I end up miss the move or chase it....sigh...

I think we are going up to at least test 3622
never chase buddy...sorry to say...i have learnt the hard way back many years ago.

I would rather wait 4 days for a great set up then start chasing willie nillie.
Infact I have done this in the past.

The market will not be gone tomorrow....so there is always tomorrow...dont worry.
  • #203,119
  • Feb 25, 2010 11:47pm Feb 25, 2010 11:47pm
Quoting IMARICH1
Well that just bites.....B/E stopped out.....every time I get a good position this is what happens....

then when I try top get back in...I end up miss the move or chase it....sigh...

I think we are going up to at least test 3622
Still in. Took half on bounce, running a gambit with profit on first half as stoploss.
  • #203,120
  • Feb 25, 2010 11:48pm Feb 25, 2010 11:48pm
Quoting enterfx
Good point. But the thing that concerns me is if the daily bar closes at the current level, (above 3540), we will have a strongly bullish pin bar. Yesterdays bar was bearish. Just proves the strong resistance below 1.35
We will have a bull scenario till 3750, afterwhich I expect downtrend to continue. I have included some charts that hopefully will help.

I also have included a trendline observation that I always use, and has saved me quite a bit from bad trades. Hopefully you can use the concept to put additional validity to your chosen decision.

Good Luck and Happy Trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.gif Size: 23 KB
Click to Enlarge Name: EURUSD_H4.gif Size: 26 KB
Click to Enlarge Name: EURUSD_M5.gif Size: 22 KB
Click to Enlarge Name: Trendlines.gif Size: 33 KB
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