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  • #286,421
  • Aug 26, 2010 3:40pm Aug 26, 2010 3:40pm
Quoting CurrencyAnalyst
I started as a Spot FX Trader and eventually graduated to futures, I had all the same complaints you guys do still today with spot. It won't ever change because of the way spot is and will be! It is a Basis (right Now) price for the futures counterpart.

In respect to this threads specific focus EUR/USD lets keep this short.

Watch the video below and welcome yourself to the mechanics of whats going on behind red green candles. The example uses the SP 500 as has very good volume like spot does.

***DO KNOW I AM NOT ENDORSING ANY PRODUCT OR COMPANY...
Definitely very interesting. Thanks for sharing!

So how do you analyse the flow? Do you use any tools? Where can we read or learn more? Thanks in advance.
  • #286,422
  • Aug 26, 2010 4:16pm Aug 26, 2010 4:16pm
Quoting longshot_nl
Highest point may have passed...
see diamond formation.
What does that normally mean?
  • #286,423
  • Aug 26, 2010 4:23pm Aug 26, 2010 4:23pm
Ive seen traders in 2 documentary films staring at these numbers all day, its like they have never seen a chart

Does anyone know more about it?





Quoting CurrencyAnalyst
I started as a Spot FX Trader and eventually graduated to futures, I had all the same complaints you guys do still today with spot. It won't ever change because of the way spot is and will be! It is a Basis (right Now) price for the futures counterpart.

In respect to this threads specific focus EUR/USD lets keep this short.

Watch the video below and welcome yourself to the mechanics of whats going on behind red green candles. The example uses the SP 500 as has very good volume like spot does.

***DO KNOW I AM NOT ENDORSING ANY PRODUCT OR COMPANY...
Follow the Trend, thats all
  • #286,424
  • Aug 26, 2010 4:24pm Aug 26, 2010 4:24pm
Quoting ma_cowburn
What does that normally mean?
Means that if we would live in a perfect world, it should go down.
  • #286,425
  • Aug 26, 2010 4:25pm Aug 26, 2010 4:25pm
Quoting mr.fibo
Means that if we would live in a perfect world, it should go down.
but we dont.... .... thats the beauty of it !!!
  • #286,426
  • Aug 26, 2010 4:32pm Aug 26, 2010 4:32pm
Well guys.. time to sleep.. see you tomorrow morning.. wish you all the best
  • #286,427
  • Aug 26, 2010 4:33pm Aug 26, 2010 4:33pm
I guess you are trading your own way using your own readings (& custom coding) and this cherry pick commercial video (obviously showing the ES) you post is just to show the potential to explore other ways to read the markets.

As you well know, markedelta (the "creators" of this concept) hasn't proof to be of any value (or just another tool whatever u want to call it) when competing with real HFT and algorithm trading.

In any case good luck in your trading.

sisse

Quoting CurrencyAnalyst
I started as a Spot FX Trader and eventually graduated to futures, I had all the same complaints you guys do still today with spot....
Pending conversations? PM for a chat...I am mainly in OTM now
  • #286,428
  • Aug 26, 2010 4:36pm Aug 26, 2010 4:36pm
if....2666 holds...I will be lookin to enter long for a bit...
Attached Image (click to enlarge)
Click to Enlarge Name: eu30m.jpg Size: 253 KB
  • #286,429
  • Aug 26, 2010 4:41pm Aug 26, 2010 4:41pm
That is assuming they are going to test the area at or below 2700.... in the asian or london sessions...
  • #286,430
  • Aug 26, 2010 4:53pm Aug 26, 2010 4:53pm
i went back over targets. i had one at 2698 and another at 2738.. i may have screwed up because i cant duplicate these. we may have made a new low after it did them and it slipped my attention. anyway i f-ed up.. these will be good for bull moves only w/o a low below 25954.
we have already done 1-3
2671
27119
2746
2783
2968
30504
3119
im bearish long term.. and i don't recommend using these unless your analysis agrees. sos with slip and bounce. after hitting 2746 we did bounce lower then we went back up.. w/0 hitting 2783 normally i would give it to the bears. but this aint normal times.

let me explain how i play numbers best i can. for instance 2783 is a target. i do expect it to pass as it usually does. i would start selling at 2783 ish and higher if the mid was respected. these positions would be broken up with a sl just above a near resistance such as a tl or fib. on a big move i use 6% but if a big resistance is just a few pips away ill use it + a few. i would then look for a baby bear mid target. and would exit a position there. most of time that exit pays for my sl on the ones still running. my sl for the active trades are still above double top. if they are hit even if in the red the first position already closed, limits my sl. i only do this in places a larger chart had a s/r near the target of tl ect. if the pair has a continuation wedge helps. with a reversal there. all a continuation wedge is is a volume drop. they usually are a retrace sign. many times it will be on the other crosses.. you need a combination of many things..
at the recent low we are on the edge of a big area. the edge is a powerful line. 2783 would be # baby bull.. excluding longer term trades im out.. but if cic agrees at levels i may scalp set be and see what happens
those who can, do. those who cant, talk about those who can
  • #286,431
  • Aug 26, 2010 4:54pm Aug 26, 2010 4:54pm
eu heading down .... this is flag like, but not a true flag

one thing is for sure all up moves on the 60 min being sold into heavy ..

my targets remain 1.2200

Attached Image (click to enlarge)
Click to Enlarge Name: chart02 au.jpg Size: 160 KB
Blogging daily now at www.volume.zone
  • #286,432
  • Aug 26, 2010 5:08pm Aug 26, 2010 5:08pm
Quoting malcolmb14
eu heading down .... this is flag like, but not a true flag

one thing is for sure all up moves on the 60 min being sold into heavy ..

my targets remain 1.2200

Attachment

Hello Malcomb14, 1,2200 is so far and we know that we gonna up and down and down and up before take it. in Short Term what you think about this pair?? 1,29XX or 1,30XX is a possible Scenarios??
1,2200 is your targets and SL you put it where? And Now another "maybe stupid Question, but do you agree with me if i said that i believe that in really we could get a medium/long term 1,1800 and Lower (maybe 1,15XX)?
Best Regards,

TripeiroFX
"Por mais fundo que seja o buraco, pelo menos esse não tem terra em cima"
  • #286,433
  • Aug 26, 2010 5:15pm Aug 26, 2010 5:15pm
Quoting TripeiroFX
Hello Malcomb14, 1,2200 is so far and we know that we gonna up and down and down and up before take it. in Short Term what you think about this pair?? 1,29XX or 1,30XX is a possible Scenarios??
1,2200 is your targets and SL you put it where? And Now another "maybe stupid Question, but do you agree with me if i said that i believe that in really we could get a medium/long term 1,1800 and Lower (maybe 1,15XX)?
Best Regards,

TripeiroFX
1.2750 to 1`.2770 is cap right now ... can it go higher .... of course. I am much preferring to sell rallies till I see those volume spikes comeo n dips not spikes.

oddly 1.1500 is my extreme target , however it is not going to get there overnight. i think 1.2500 then 1.2200 then take it form there
Blogging daily now at www.volume.zone
  • #286,434
  • Aug 26, 2010 5:26pm Aug 26, 2010 5:26pm
Quoting hytham
Looks like we are in a trading range atm btween 690 and 760

edit: attached chart is HR1.

these are the channels i have been playing with little blips out side channels but vsa tells me if sellers are at top of channel ..

Attached Image (click to enlarge)
Click to Enlarge Name: chart02 au.jpg Size: 164 KB
Blogging daily now at www.volume.zone
  • #286,435
  • Aug 26, 2010 5:36pm Aug 26, 2010 5:36pm
Quoting malcolmb14
these are the channels i have been playing with little blips out side channels but vsa tells me if sellers are at top of channel ..

Attachment

I'm really surprised we didn't get a bigger sell off when the primary trend broke.This looks to me like it could make a continuation to the upside now with a whole new trend..imo
When The Ducks Start Quackin..
  • #286,436
  • Aug 26, 2010 5:45pm Aug 26, 2010 5:45pm
Quoting Dillinger563
I'm really surprised we didn't get a bigger sell off when the primary trend broke.This looks to me like it could make a continuation to the upside now with a whole new trend..imo
yeah me to but the fact those spikes up into 1.2750 are getting hit with very high volume tells me the down move may not even have started yet .

That is selling
Blogging daily now at www.volume.zone
  • #286,437
  • Aug 26, 2010 5:51pm Aug 26, 2010 5:51pm
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
Quoting gatorinla
i went back over targets. i had one at 2698 and another at 2738.. i may have screwed up because i cant duplicate these. we may have made a new low after it did them and it slipped my attention. anyway i f-ed up.. these will be good for bull moves only w/o a low below 25954.
we have already done 1-3
2671
27119
2746
2783
2968
30504
3119
im bearish long term.. and i don't recommend using these unless your analysis agrees. sos with slip and bounce. after hitting 2746 we did bounce lower then we went back up.. w/0 hitting 2783 normally i would give...
Thanks Gator
How do you get the exact spot to place the targets+slip numbers. Where to put the initial and the final 18 lines?
I´m trying swing tops but doesn´t seems correct place. Then I adjust but its NOT Math anymore.
What goes around comes around
  • #286,438
  • Aug 26, 2010 6:25pm Aug 26, 2010 6:25pm
Quoting sisse
I guess you are trading your own way using your own readings (& custom coding) and this cherry pick commercial video (obviously showing the ES) you post is just to show the potential to explore other ways to read the markets.

As you well know, markedelta (the "creators" of this concept) hasn't proof to be of any value (or just another tool whatever u want to call it) when competing with real HFT and algorithm trading.

In any case good luck in your trading.

sisse
First of all the video was picked as a best graphical version to show whats happening behind the charts. (order book),
And 2nd no custom coding for me.

The company that made the video has a custom method of visually compiling the same thing I use the order flow containing. Bids/Offers depth, and Trade count, volume and time of such known as time and sales commonly.

I have traded this was exclusively for 5 years now, with excellent consistent results.

*No luck here mate only probability of action.
Attached Image (click to enlarge)
Click to Enlarge Name: TOS DOM.png Size: 198 KB
"Look Left Think Right"
  • #286,439
  • Aug 26, 2010 6:29pm Aug 26, 2010 6:29pm
Morning / Evening all
The best thing that can happen to you is to find out where you're wrong.
  • #286,440
  • Aug 26, 2010 6:32pm Aug 26, 2010 6:32pm
Quoting Driver55
Morning / Evening all
good evening sir
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