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vsa with Malcolm

  • #8,281
  • Dec 29, 2010 4:27am Dec 29, 2010 4:27am
Quoting Beljevina
Yes, fx volume is tick volume, because actual volume can't be and isn't centralized since there are so many entities (banks, market makers, brokers, LPs, retailers, etc.) trading on their own. Yes eSignal brings many of those (ticks) together, but a good liquidity provider (broker's) tick volume works as well, as long as they have decent market depth behind them.

Futures volume for currencies on the other hand is centralized since the prices flow from the exchange, and you will see Malcolm and others utilizing them in the same manner.

A...
hey ur the only guy that replies to me on this thread,samo sloga srbina spasava,.hehhe lol.

must never give up,got that in mind,

since we cant see true volume,im confused now,i knew that it was decentralised,but that it wasnt volume at all,it was only ticks,mannn
when i look at the chart i see the same volume for up and down

whats pa?

futures volume is that available on any broker that offers volume,actually ill do a google search on it now
  • #8,282
  • Dec 29, 2010 4:27am Dec 29, 2010 4:27am
TP hit
  • #8,283
  • Dec 29, 2010 4:28am Dec 29, 2010 4:28am
Quoting Intel
There is a well respected support area at 3113. If it breaks that, you might want to remove your TP.

EDIT :- and tighten your SL
Its dropping on low volume, I would be looking to TP or at least move to BE now.
  • #8,284
  • Dec 29, 2010 4:29am Dec 29, 2010 4:29am
Quoting Intel
Its dropping on low volume, I would be looking to TP or at least move to BE now.
Potential long setup forming.
  • #8,285
  • Dec 29, 2010 4:30am Dec 29, 2010 4:30am
Quoting Intel
Its dropping on low volume, I would be looking to TP or at least move to BE now.
markets can fall on low vol without a problem

i would stick the concept of Tp since u tell market where it has to go and limit profit potential.

3107 was yesterdays close so bounce to be expected, nevertheless imho we should go down now or later with whole morning eu being distributed. ( no matter what timezone your broker uses- 5pm eastern is the official close of the trading day)
  • #8,286
  • Dec 29, 2010 4:32am Dec 29, 2010 4:32am
ticks represent price changes in a defined period.
big morders MUST produce more ticks, always. so it is impossible to hide and i even prefer tick volume to real volume. i do not trade forex, only futures (so not eurusd but euro currency futures) and i use tick volume for futures also instead of volume reported from the exchange.

it only becomes criminal if volume is filtered, e.g. not reporting one single ticks like [email protected] instead of 3 single ticks 1@3121
there are bucketshops out there filtereing tick volume.

Quoting dragan53
hey ur the only guy that replies to me on this thread,samo sloga srbina spasava,.hehhe lol.

must never give up,got that in mind,

since we cant see true volume,im confused now,i knew that it was decentralised,but that it wasnt volume at all,it was only ticks,mannn
when i look at the chart i see the same volume for up and down

whats pa?

futures volume is that available on any broker that offers volume,actually ill do a google search on it now
  • #8,287
  • Dec 29, 2010 4:36am Dec 29, 2010 4:36am
Was that absorbing volume on EU?
  • #8,288
  • Dec 29, 2010 4:37am Dec 29, 2010 4:37am
Quoting Dr.Geppynius
ticks represent price changes in a defined period.
big morders MUST produce more ticks, always. so it is impossible to hide and i even prefer tick volume to real volume. i do not trade forex, only futures (so not eurusd but euro currency futures) and i use tick volume for futures also instead of volume reported from the exchange.
Wow, thats interesting. Is that an experience thing or is there some other reason for using tick vol?
  • #8,289
  • Dec 29, 2010 4:38am Dec 29, 2010 4:38am
Quoting amletit
Was that absorbing volume on EU?
Could be but I doubt it....at least for now it should bounce.
  • #8,290
  • Dec 29, 2010 4:38am Dec 29, 2010 4:38am
Quoting dragan53
hey ur the only guy that replies to me on this thread,samo sloga srbina spasava,.hehhe lol.
Except ... I'm from the other side, and pretty close to Vukovar at that ...

Quoting dragan53
whats pa?

futures volume is that available on any broker that offers volume,actually ill do a google search on it now
PA=Price Action. Few MT4 brokers offer futures (ie., 6E, 6J, ES) - I think Broco is one of them. I actually get it through ThinkOrSwim, like in this chart.
  • #8,291
  • Dec 29, 2010 4:39am Dec 29, 2010 4:39am
Quoting Dr.Geppynius
markets can fall on low vol without a problem

i would stick the concept of Tp since u tell market where it has to go and limit profit potential.

3107 was yesterdays close so bounce to be expected, nevertheless imho we should go down now or later with whole morning eu being distributed. ( no matter what timezone your broker uses- 5pm eastern is the official close of the trading day)
It will find it difficult to break that 3113 area permanently without a bit of volume. Maybe it will try again later.
  • #8,292
  • Dec 29, 2010 4:40am Dec 29, 2010 4:40am
Bel

Did you hit TP?
  • #8,293
  • Dec 29, 2010 4:42am Dec 29, 2010 4:42am
i do not trust them
there have been several issues regarding the cme in terms of volume reporting. also, see the release of the daily vol- always 1 day delayed..for a reason.

Quoting Intel
Wow, thats interesting. Is that an experience thing or is there some other reason for using tick vol?
  • #8,294
  • Dec 29, 2010 4:43am Dec 29, 2010 4:43am
Hi All,

Please can somebody give me the link on where and how I can learn about trading futures. I know that if you want to learn about forex, a good place to start is at babypips. Please is there a free website like that too for futures?
  • #8,295
  • Dec 29, 2010 4:44am Dec 29, 2010 4:44am
Quoting Dr.Geppynius
i do not trust them
there have been several issues regarding the cme in terms of volume reporting. also, see the release of the daily vol- always 1 day delayed..for a reason.
Ah yes delayed. I forgot about that. I dont trade futures!

Looking for a NS to go long with on EU.
  • #8,296
  • Dec 29, 2010 4:47am Dec 29, 2010 4:47am
Quoting Dr.Geppynius
ticks represent price changes in a defined period.
big morders MUST produce more ticks, always. so it is impossible to hide and i even prefer tick volume to real volume. i do not trade forex, only futures (so not eurusd but euro currency futures) and i use tick volume for futures also instead of volume reported from the exchange...
Don't quote me on this, but I think I saw somewhere that Tom said he does prefer tick volume to actaul volume at times. Even if that is not correct, I think a good case can be made for tick volume versus actual volume.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,297
  • Dec 29, 2010 4:47am Dec 29, 2010 4:47am
Quoting Beljevina
Except ... I'm from the other side, and pretty close to Vukovar at that ...



PA=Price Action. Few MT4 brokers offer futures (ie., 6E, 6J, ES) - I think Broco is one of them. I actually get it through ThinkOrSwim, like in this chart.

cool.i from dalmacia,if only there wasnt the war,we would still be together ,good times

i was thinking of opening a think or swim account,but im too far in timezones(australia)to trade stocks and other stuff,

i requested a broco ,currenex account to see whats there,

ur from canada,do u trade stocks?
  • #8,298
  • Dec 29, 2010 4:49am Dec 29, 2010 4:49am
Quoting Intel
Bel

Did you hit TP?
Took 1/10th out at 1.311 - only 20 pips. Gonna try letting the rest ride, or SL with a handful of pips if it gets back there, which I suspect it will: OK buying/stopping vol it seems on M5 with this just completed M15. Murphy's law will go to work for me here: if I TP everything, she'll sail down another 50 pips, but of course if I leave it, I will get stopped out ... !

Got a similar setup in EURJPY - it looks more bearish - more sellers there, or, more yen strength.
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  • #8,299
  • Dec 29, 2010 4:50am Dec 29, 2010 4:50am
OK, I've gone against my usual entry rules and entered at the support area.

I'll probably live to regret it.
  • #8,300
  • Dec 29, 2010 5:00am Dec 29, 2010 5:00am
Quoting Intel
OK, I've gone against my usual entry rules and entered at the support area.

I'll probably live to regret it.
Hmm ... I'm having trouble correlating sterling and euro - sterling looks more resilient down here and kinda bullish on the H1 - must be that ECB flooding of the system effect on the euro. Your euro long should be OK for a few pips, but a rise beyond the descending trendline would confuse me. And that beyond the annoying stupidness of these 30 pip swings on what is a turd of a pair ...

Gotta get a couple of hours of shuteye ...
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