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  • #360,501
  • Jan 7, 2011 6:04am Jan 7, 2011 6:04am
my friend, i do not use my brokers volume. i use composite tick volume of 200 contributing interbanks. so, no worries. it is pretty accurate. price changes produce ticks, big orders produce more ticks, it is inevitable. research market mechanics.
you could even just trade the currency futures and use the volume from the CME, speaks the same langugage.

Quoting EuroTrader
Ok you must take in consideration of the volume but the volume that you see it is not the real one and depends on the broker you use.
  • #360,502
  • Jan 7, 2011 6:04am Jan 7, 2011 6:04am
I think EURUSD will make correction to Pivot~ and after NFP will broke support and fall down.
  • #360,503
  • Jan 7, 2011 6:05am Jan 7, 2011 6:05am
M5 : Sidway channels
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  • #360,504
  • Jan 7, 2011 6:05am Jan 7, 2011 6:05am
Quoting snatch
Volume is fine for trading stocks on LEVELII as I was doing this morning! but in fx, its the last refuge of the confused trader as there is no central volume data for fx... present the facts instead of making childish comments i.e. act like a man
we have true volume in fx futures, which is where some of us trade the yoorow
"If The Fool persists in his Folly he will become wise." - William Blake
  • #360,505
  • Jan 7, 2011 6:06am Jan 7, 2011 6:06am
Quoting EuroTrader
Ok you must take in consideration of the volume but the volume that you see it is not the real one and depends on the broker you use.
Eurotrader:

You are correct.

Does the Dr. have an Institutional Account?

Unless you have an INSTITUTIONAL ACCOUNT you will never see the real volume. The minumum to open an institutional account is 1 million US.
  • #360,506
  • Jan 7, 2011 6:06am Jan 7, 2011 6:06am
Quoting snatch
Volume is fine for trading stocks on LEVELII as I was doing this morning! but in fx, its the last refuge of the confused trader as there is no central volume data for fx... present the facts instead of making childish comments i.e. act like a man
In order to make such blithe statements, you must first do some research.
That's the trouble with this thread. You immediately attack Dr G without knowing anything about him, his post history or his knowledge. Then you backtrack by saying you were only 'discussing' it.

It's about respect. I'm sorry for calling you an idiot, but you would do well to realise that the market doesn't have to follow the path you think it will. AND more importantly, respect those who not only have a contrarian view, but have backed it up with charts.
  • #360,507
  • Jan 7, 2011 6:06am Jan 7, 2011 6:06am
Quoting Hda
gh0stjpy: We are just killing time until the MAIN EVENT - Mike TYSON versus HOLIFIELD
lots of ear chewing going on in meantime lol
  • #360,508
  • Jan 7, 2011 6:06am Jan 7, 2011 6:06am
nice one

Quoting The Fool
we have true volume in fx futures, which is where some of us trade the yoorow
  • #360,509
  • Jan 7, 2011 6:11am Jan 7, 2011 6:11am
Quoting The Fool
we have true volume in fx futures, which is where some of us trade the yoorow

whats your source? i only seem to have volume by the bloomberg terminal and nothing else.. same for any other terminal as far as i know
  • #360,510
  • Jan 7, 2011 6:12am Jan 7, 2011 6:12am
Quoting paul1
No,
Could i point out some observations about major news/volatility.
If you assume the probabilities of these events and include them in your plan there will be no surprises .
1) Oanda will disconnect (fact lol),maybe others ,so assume during the event you will have no control of your positions.

2) No broker can gaurantee stops,limits ,or any orders.

3) enter position size were 100 pip loss is an acceptable dollar loss.
After the initial extreme volatility your more likely to be able to enter/exit trades. at least when oanda re-connects you...
  • #360,511
  • Jan 7, 2011 6:16am Jan 7, 2011 6:16am
Quoting PhAnTi'
dont want to disturb your discussion guys, but could you just stop this kiddie shit and get serious again?

its entertainment, having done my stocks early in the morning, just waiting for the big show while cleaning up eu thread on ff... so enjoy how the destroy an argument or the lack of it
  • #360,512
  • Jan 7, 2011 6:18am Jan 7, 2011 6:18am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting PayTheLimit
look everyone here is expressing their opinions, why people go nuts is something I just dont understand....

stress release maybe. people handle stress differently and some like to lash out when under it (or in it)....
The forex market has its own life and takes its own time.
  • #360,513
  • Jan 7, 2011 6:22am Jan 7, 2011 6:22am
Quoting PayTheLimit
lol, your not helping your case...

my case was made on 2011.01.04 at 15:18 (order number:176278...).. the rest is history as they say http://www.forexfactory.com/showthre...29#post4285229


i have to get back to work
thanx
anna
  • #360,514
  • Jan 7, 2011 6:25am Jan 7, 2011 6:25am
Quoting USD-Bear
so stop it, you are immortalized in Dr. G's footer, quite an achievement....
ok.. i have to listen to my lovely USD-BEAR....
  • #360,515
  • Jan 7, 2011 6:27am Jan 7, 2011 6:27am
An outcome in between 150,000 and 200,000 could see littlechange in dollar or even a slight back pullback as investors "BUY THE RUMOR AND SELL THE FACT", while a sub 150,000 outcome could see renewed dollar weakness.
  • #360,516
  • Jan 7, 2011 6:27am Jan 7, 2011 6:27am
Quoting Dr.Geppynius
the point with volume is that it shows the effort. if price was rejected and high vol kicked in, this gives us clues which have to be confirmed. it tells a story and background as always has to be paid attention to. if you see sudden volume surges (excessive) up or down and then market stalls e:g. we can assume someone big stepped in to stop the move. i have not yet made any call, just my views of what could be cooking here. if i see a trigger later on, i will post it.
Your post confirmed my doubts. Yes what you are saying sounds so rational that it seems impossible to deny its validity. However, the shortcomings and subjectivity issues are the same and there are always hidden on this approach (I am not implying your view or trading style is wrong btw). How do you know in which side was vol with an after the fact chart like that? and what price? new sellers, new buyers? taking profits etc etc....

IMHO, traders that have moved beyond VSA, Wyckoffs and etc have a better way of addressing vol and these questions, trade intensity, TPO charts, Value areas, Vol by price provide better frameworks on a volume approach.

In any case, i think you have a valid approach for your trading plan good luck with your trading.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #360,517
  • Jan 7, 2011 6:30am Jan 7, 2011 6:30am
Quoting Dr.Geppynius
how much do you pay for the bloomberg terminal with which feeds? regular or anywhere?
Hey Dr. G....
Was just scanning the eu thread while bored and waiting for NFP (as I do not post my views here anymore) But anyways, always nice to see a MORE EXPERIENCED trader lurking in the thread.
  • #360,518
  • Jan 7, 2011 6:31am Jan 7, 2011 6:31am
Quoting sisse
Your post confirmed my doubts. Yes what you are saying sounds so rational that it seems impossible to deny its validity. However, the shortcomings and subjectivity issues are the same and there are always hidden on this approach (I am not implying your view or trading style is wrong btw). How do you know in which side was vol with an after the fact chart like that?...
that should've been my reply... game set and match for Sisse
  • #360,519
  • Jan 7, 2011 6:31am Jan 7, 2011 6:31am
Quoting PipChick
Hey Dr. G....
Was just scanning the eu thread while bored and waiting for NFP (as I do not post my views here anymore) But anyways, always nice to see a MORE EXPERIENCED trader lurking in the thread.
More Experienced meaning: one who uses stops and trades in a live accout.
  • #360,520
  • Jan 7, 2011 6:32am Jan 7, 2011 6:32am
Quoting snatch
i cant believe you listen to such lame ass "music" or should we say noise..

this is music

http://www.youtube.com/watch?v=MJHgMD1S0bg
SNATCH: I just feel in love with you - awwwwwwwww
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