EURUSD

Volumes started to drop about an hour ago.

Closed my future platform so i dont see this... Let the chart tell us. It is more safe than a premature entry.

But its true that a new low on 1h was made by lower volume..

I just started to think about volume so its new for me, would be glad if malcolmb showed up.

I see trees of green, red roses too
I see them bloom for me and you
And I think to myself what a wonderful world.

I see skies of blue and clouds of white
The bright blessed day, the dark sacred night
And I think to myself what a wonderful world.

Yes I know this, I am only using as confluence

FXDD Protrader l2 its only my broker liquidity.

Make sure you use it as contrarian, I did a bit of research on retail T2 and found it completely wrong.

Down,down

Getting slammed by the mb folk here. I understand its only my brokers however nothing wrong with using it for confluence (ONLY), I would never never go by this alone. Just comparing where the vast majority is in the market I am also looking at a seperate l2 to compare as well.

Backing up a bit on the TF's and changing the chart style can do wonders for your perspective if/when you get tunneled in on some level that actually has little to no statistical basis for coming to pass.

Here's a daily line style with BB's set to 42 and a couple traditional MA's for reference. Just a few seconds is all it takes to realize that price has almost NEVER busted very far outside those BB's and that is true back to at least 2002 or so.

The point is that even with some decent volatility ((but still nothing like 2-3 years ago)) it's unlikely that price will somehow plummet 300 to 500 pips so you can go make that down payment on the Boat.

While I do think (permabear that I am) that we'll see lower prices, this chart tells me that we'll either head back north a bit for a retest or even consolidation a'rd the 50ema ZONE, or a maybe little further to the middle band, OR begin to exert downward pressure and "bend" the lower band on the way to those lower prices. The weekly is whispering "Bend the bands..." but since there ain't no straight lines in this Biz...

Either way, that (almost ALWAYS) takes time boys and girls, and if you don't have plenty of that, pull your funds and spend it on a week at the beach w/o your laptop. You'll have better memories.

Personally, I've been selling the retests ofthe 50ema ZONE at what was already an established Resistance ZONE. Don't try to pin me down to the pip, that's intraday stuff and I'm way burned out on posting that sort of thing everyday.

If you're still interested in how I trade those everchanging levels tho, it's all in my Pivot posts. Click on the little http://cdn.forexfactory.com//nfs/sig...pic45026_2.gif image here or the one in my siggy for the posts. If you're not interested, then you'll want to click the other part of my siggy. For me, it's really as simple as that.


((BTW... just sold 3560 on the doubletap for a few or a lot. The length of time at this level, time of day, the 5m on EU and the 15m on EJ with a 200sma on it (and a few other things) was my trigger. Tightish stops and low risk with decent rewards... but Time will tell... ))

s/b key on the way down as well...

Got a better idea, just look at oandas sentiment and go the other side..

mkt sentiments daily then hourly basis! Those who can read it correctly can prosper.

No need of news or t/a indicators.

Ofcourse you need mm, and know when to fold your bet. That is all.

You'd be surprised how well that works, look at the posts here today.

Lol just saw that hahah
Maybe i should put one to???

I have tried this. Would it be possible for you to post a screenshot and an explanation how to read this as well, if you would be so kind I would greatly appreciate it.

Thanks

thanks for this point of view

Here is the link http://fxtrade.oanda.com/

Did you mean..

I see pips of green, red losers too?

Is this what you are talking about? EUR/USD 46.87% 53.13%

Are you guys looking at the number of positions or their net value? Moneywise everyone is wrong .

which way is contrarian most are 50/50?