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  • #215,101
  • Mar 23, 2010 3:31pm Mar 23, 2010 3:31pm
im short euros 52 pips ago. 1.3 here we come
  • #215,102
  • Mar 23, 2010 3:33pm Mar 23, 2010 3:33pm
FX volume is not a barometer of any sort, I don't know why even bother looking at it.
Prices oscillate, trends persist. Trend is your friend.
  • #215,103
  • Mar 23, 2010 3:34pm Mar 23, 2010 3:34pm
Quoting TGpop
im short euros 52 pips ago. 1.3 here we come
What is your SL?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #215,104
  • Mar 23, 2010 3:37pm Mar 23, 2010 3:37pm
Quoting jsspmk
FX volume is not a barometer of any sort, I don't know why even bother looking at it.
Right, try tell this to Malcolm... Like volume means nothing in trading

stocks or anything.. OK..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #215,105
  • Mar 23, 2010 3:37pm Mar 23, 2010 3:37pm
Quoting arezab
Very nice and straightforward market today. Relatively noise free.
Best joke of the year!...

  • #215,106
  • Mar 23, 2010 3:40pm Mar 23, 2010 3:40pm
Quoting vinesh2
Selling opp was at 1.38 no point getting in now
Yes that would have been a nice short entry, pity I didn't take it!! As you say, no point in getting into this now, and I am out completely until I can see something that has a better probability of succeeding than the present rubbish on offer.

To be honest, I really don't see that the EU has much chance of going up too far, no matter what solution is found to the Greek nonsense.....assuming that they actually find a resolution rather than this irritating bitching, bickering and childish finger pointing that seems to amuse these EZ clowns.

If Greece defaults (unlikely), it will be due to an IMF rescue, which will come with stiff interest rates and will make recovery even harder for Greece and will drag out even further and will merely delay a loan default, due to the IMF loan which will be even harder to repay. Sounds like a snowball at the top of the hill huh?

I don't see that the EZ can help Greece......not should they. If they do....then the flood gates will open for all the other PIIGS....and the EU will drop.

Honestly, fundamentally, I see this situation as lose/lose for the EU ...... but until those talking heads shut the f*** up and actually do something....anything....then this 'consolidation' will continue....

Edit: Having re-read that I need to clarify......I mean than it's unlikely that Greece will default NOW.......the IMF may bail them out.....but they will default later due to the harsher IMF loan conditions...interest etc etc
Doing what you like is Freedom. Liking what you do is Happiness.
  • #215,107
  • Mar 23, 2010 3:40pm Mar 23, 2010 3:40pm
They will wait for enough sellers on the bandwagon then horses take off without any hitch.
  • #215,108
  • Mar 23, 2010 3:41pm Mar 23, 2010 3:41pm
Quoting SkyzerFX
Right, try tell this to Malcolm... Like volume means nothing in trading

stocks or anything.. OK..
Real volume OK it may be interpreted via DOM/LII analysis, but looking at tick variables within a certain time period is just a plain suckers game IMO.
Prices oscillate, trends persist. Trend is your friend.
  • #215,109
  • Mar 23, 2010 3:41pm Mar 23, 2010 3:41pm
Quoting jsspmk
FX volume is not a barometer of any sort, I don't know why even bother looking at it.
really .. ok .. you are right of course.

Others may say you really do not know wtf you are talking about in this matter.

Esignal has a 200 source gtis fx feed , this is why I use it. It combines feeds from some of the major sources. In addition to this fx volume can also be verified with futures volumes.

Your statement is kind of like saying ' moving averages are not good to show trend'
Blogging daily now at www.volume.zone
  • #215,110
  • Mar 23, 2010 3:43pm Mar 23, 2010 3:43pm
I was suspended from the forum for 24 hours without any warning or discussion. If there is something I did wrong I would like to be told, rather than just being blocked.

Today we saw a series of unfortunate events (name movie) that caused the model to lose some money. No harm done, all in the game.
Short EUR USD right now, looking for 13430.
Good luck.
  • #215,111
  • Mar 23, 2010 3:44pm Mar 23, 2010 3:44pm
Quoting SkyzerFX
Right, try tell this to Malcolm... Like volume means nothing in trading

stocks or anything.. OK..
How does your broker know every transaction placed around the world to give you an accurate volume?

From what I can tell any volume indicator is going to be your brokers volume within their system, or a volume from their liquidity provider. Their liquidity provider is only one or two of many doing transactions.

I don't believe there is a way to measure true volume of FX transactions from my understanding.
  • #215,112
  • Mar 23, 2010 3:48pm Mar 23, 2010 3:48pm
Quoting quantts
I was suspended from the forum for 24 hours without any warning or discussion. If there is something I did wrong I would like to be told, rather than just being blocked.

Today we saw a series of unfortunate events (name movie) that caused the model to lose some money. No harm done, all in the game.
Short EUR USD right now, looking for 13430.
Good luck.
Probably it is because promotional related on your post or signature. You want to ask Twee about this.

This market is dull all day. Nothing can do now. Time to get some sleep. See you all on London session.
Manage your risk accordingly and you're half done your home work.
  • #215,113
  • Mar 23, 2010 3:50pm Mar 23, 2010 3:50pm
Quoting jsspmk
Real volume OK it may be interpreted via DOM/LII analysis, but looking at tick variables within a certain time period is just a plain suckers game IMO.
I am not going to argue this with you as you know it all .

But I use vsa as my #1 trading style and value area as my 2nd .

I must be a sucker
Blogging daily now at www.volume.zone
  • #215,114
  • Mar 23, 2010 3:51pm Mar 23, 2010 3:51pm
Quoting malcolmb14
really .. ok .. you are right of course.

Others may say you really do not know wtf you are talking about in this matter.

Esignal has a 200 source gtis fx feed , this is why I use it. It combines feeds from some of the major sources. In addition to this fx volume can also be verified with futures volumes.

Your statement is kind of like saying ' moving averages are not good to show trend'
So what can possibly be derived from a series of bars that indicate not real volume, but amount of price oscillations within that period? It's a double edged sword, not to be compared with moving averages.

In respect of your other quote I can say that so far I've been more right than you regarding Euro, no volume used, just trend analysis.

But, I am willing to listen to how volume replica is/may be interpreted. Always a learner.
Prices oscillate, trends persist. Trend is your friend.
  • #215,115
  • Mar 23, 2010 3:53pm Mar 23, 2010 3:53pm
We now have 4 days closing UNDER the previous lowest daily close ever (prior lowest daily close ever was 1.4413 on 10/27/2008).

Guess the Swiss are not as excited to buy MORE Euro's as some here have thought... Can't wait until they unload their stockpiles of intervention.

Edit: Eur/Chf is 1.4273 atm
  • #215,116
  • Mar 23, 2010 3:55pm Mar 23, 2010 3:55pm
Quoting jsspmk
So what can possibly be derived from a series of bars that indicate not real volume, but amount of price oscillations within that period? It's a double edged sword, not to be compared with moving averages.


Q: I’m seeing the volume histogram update on FOREX issues in eSignal, what does that volume represent?




A: The volume histogram for Forex issues represents the number of transactions or ticks and not true "trade size" activity. It's much like most futures contracts, where the volume histogram reflects the volume of transactions or updates during each given interval.


It is important to understand that TradeGuider does not need actual volume but relative volume compared to the previous bar to give a VSA indicator. Volume in FOREX can be seen as





so from this volume in fx is based on amount of transactions in a particular time period. What one looks for in VSA is the 'volume of transactions this candle versus prior candles '

For example if we have a down trend and a little retrace but on that retrace ther is an up bar with very low ' volume ' then one can consider that the lack of transcations in the current up candle in a downtrend indicates buyers are just not interested/ and the down trend will resume after the current reatrcement.



Futures work in a very similar manner.
Blogging daily now at www.volume.zone
  • #215,117
  • Mar 23, 2010 3:58pm Mar 23, 2010 3:58pm
Does the 15 minute and the 5 minute look like a head and shoulders to anyone else? Does anyone care about that type of indicator?
  • #215,118
  • Mar 23, 2010 4:01pm Mar 23, 2010 4:01pm
see how the 'volume ' showed the sell interest in gu on the left hand side of the charts , this knocked the market sideways.

Several hours later at frnaki open we have an up move with no ' volume ' in it .. that was you r no demand bar

now looking at today . The effort to rise to 1.5080 has encountered much selling pressure. If we get upthrust into 1.5100 on gu in asia it is a sell for test of weekly lows


Attached Image (click to enlarge)
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Quoting malcolmb14

Q: I’m seeing the volume histogram update on FOREX issues in eSignal, what does that volume represent?

[left]


A: The volume histogram for Forex issues represents the number of transactions or ticks and not true "trade size" activity. It's much like most futures contracts, where the volume histogram reflects the volume of transactions or updates during each given interval.


[size=2]It is important to understand that TradeGuider does not need actual volume but relative volume compared to...
Blogging daily now at www.volume.zone
  • #215,119
  • Mar 23, 2010 4:01pm Mar 23, 2010 4:01pm
Quoting Clouds
March 12, 2010, 9:35 AM EST

“Euro-dollar has the potential to rally from here towards our three-month forecast” of $1.45.

Investors should remove bets that the euro will strengthen should it close on any day below $1.35.

http://www.businessweek.com/news/201...-update1-.html

Well, there ya go. Only a few pips under but it's under.
  • #215,120
  • Mar 23, 2010 4:06pm Mar 23, 2010 4:06pm
Quoting Doniboy
Does the 15 minute and the 5 minute look like a head and shoulders to anyone else? Does anyone care about that type of indicator?
thats what i said, but all the trends on all my different time frame charts say its still going down. I've just been taking my 5 pips on each down move waiting for this thing to crap or get off the pot. Has anyone else been doing something similar or are you sticking to your guns with your shorts?
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