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  • #921
  • Apr 16, 2012 11:13am Apr 16, 2012 11:13am
http://www.forexfactory.com/attachme...1&d=1334538198 (http://www.forexfactory.com/attachment.php?attachmentid=942801&d=1334538198)

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  • #922
  • Apr 16, 2012 12:13pm Apr 16, 2012 12:13pm
For sum reason my volume`s bars look nothing like your, yours seem to go higher and lower, mine are more closer together. Could it be that im trading spot and not futures or is there a setting i am not seeing?
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  • #923
  • Apr 16, 2012 3:23pm Apr 16, 2012 3:23pm
Quoting only20gp
For sum reason my volume`s bars look nothing like your, yours seem to go higher and lower, mine are more closer together. Could it be that im trading spot and not futures or is there a setting i am not seeing?
Only20gp, You are trading the Spot Forex Aud/Usd pair. Look at the pricing to the right. In the Futures (6A is the Symbol for Aud Futures), the Price was 1.0239 when it touched the Demand Zone, not even close to what it was in the Spot Forex. There is no true volume as in "contracts being bought or sold" in the Spot Forex.

I see that you are using the Ninja Platform, that's a move in the right direction. Who is your broker and do u have a live account? The only way to match my volume is to have a broker who receives live feed from CME Globex. You wont get this with a Demo account. Contact your broker if you have any further questions regarding Volume. I have been using Mirus Futures for about 5 years. Good Luck, Rocky...
  • #924
  • Apr 17, 2012 4:17am Apr 17, 2012 4:17am
Rocky,

I'm in the process of looking through the thread but the question right now is how do you setting your TP level? The same way as Sam does, R:R 1:2 or ...?

Thank you in advance
Philipp
  • #925
  • Apr 17, 2012 1:40pm Apr 17, 2012 1:40pm
Quoting rocky
Only20gp, You are trading the Spot Forex Aud/Usd pair. Look at the pricing to the right. In the Futures (6A is the Symbol for Aud Futures), the Price was 1.0239 when it touched the Demand Zone, not even close to what it was in the Spot Forex. There is no true volume as in "contracts being bought or sold" in the Spot Forex.

[color=blue]I see that you are using the Ninja Platform, that's a move in the right direction. Who is your broker and do u have a live account? The only way to match my volume is to have a broker who receives...
No still using demo but trading my live metatrader account based on my ninja trader studies. It takes a while to get used to ninja trader. The chart trader is really good but im still contemplating switching to futures. Need to do abit more research as i dont belive they offer mini lots. Thanks for all your help and effort.
  • #926
  • Apr 17, 2012 2:15pm Apr 17, 2012 2:15pm
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  • #927
  • Apr 18, 2012 1:47am Apr 18, 2012 1:47am
Looks like a nice setup on the GBPUSD 4H if we see lower volume bars.

PA is outside Bollinger Bands and supply area falls inline with -41 Fib. Couldnt get the pitchfork to match though.
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  • #928
  • Apr 18, 2012 5:23am Apr 18, 2012 5:23am
http://www.forexfactory.com/attachme...1&d=1334697321 (http://www.forexfactory.com/attachment.php?attachmentid=944368&d=1334697321)

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  • #929
  • Apr 18, 2012 7:48am Apr 18, 2012 7:48am
Entered short where the pink line is. Seems like a good supply zone, trend line area and fib extension too. Lets see where it goes from here.
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  • #930
  • Apr 18, 2012 8:18am Apr 18, 2012 8:18am
Quoting only20gp
Entered short where the pink line is. Seems like a good supply zone, trend line area and fib extension too. Lets see where it goes from here.
Good Job Only20gp, your chart looks good. The only problem is that there is to much buy volume right now to take this short. We are also at a time when Institutions on the east coast are getting ready for lunch. I don't, or seldom trade after 11 am. But other than that you are on your way to trading like an Institution, Rocky...
  • #931
  • Apr 18, 2012 8:20am Apr 18, 2012 8:20am
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  • #932
  • Apr 18, 2012 8:33am Apr 18, 2012 8:33am
Just wanted to see what your thoughts on why lower supply zone got broken as it did and why top also did (by a few pips) before dropping. It is on m5, but just wanted to see why

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  • #933
  • Apr 18, 2012 8:54am Apr 18, 2012 8:54am
Quoting chewz
Just wanted to see what your thoughts on why lower supply zone got broken as it did and why top also did (by a few pips) before dropping. It is on m5, but just wanted to see why

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  • #934
  • Apr 18, 2012 9:04am Apr 18, 2012 9:04am
Ok thanks, that makes sense its just I've been glancing through this thread at times and earlier on you never used the volume indicator (I know you never used 5 min timeframe either!) so I was wondering how to judge it.

Also, since I trade spot forex, as far as I'm aware - volume indicators may end up being useless (especially on demo). Thanks...going to read thread from beginning to end tonight. Also, could you just quickly comment on another zone I've drawn on the chart..also taking volume into mind...

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  • #935
  • Apr 18, 2012 9:25am Apr 18, 2012 9:25am
last example...heh, just sucking in as much as I can about why some s+d levels work..and some dont. If you look at chart below - (1) seemed like a fantastic level, and indeed it was for many bounces.

But what do you do when after taking the trade, and taking your pips you see another demand level at (2) should I be ignoring it, and if so...why? Im guessing its going to be a case of a number of things - some of which I dont understand yet as I need to read up more. I realise you cant see volume indis but if you could explain a bit I'd be grateful. Its not drawn on but that (2) demand level also lands on a 38.2 fib.

It did actually go up and make a profit to be fair, but just picking out random levels - some work, some dont from my very very basic analysis. I can see this is the way to trade from now on, I've always wanted to get rid of indis!. Ps ignore the sell trade (just a typical retail trade)

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  • #936
  • Apr 18, 2012 12:16pm Apr 18, 2012 12:16pm
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  • #937
  • Apr 18, 2012 12:37pm Apr 18, 2012 12:37pm
Looks like Volume has decreased alot, hopefully this should fall anytime soon. I should have watched the volume on a 60M chart before taking the trade. either way, lets see where it goes.
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  • #938
  • Apr 19, 2012 12:34am Apr 19, 2012 12:34am
Hey, I was also in that trade. Just watched a few vids from sam seiden and its really starting to click now. I guess this was just one of the losing trades. The red box is the 4 hour supply, and the white box within is the 1 hour supply. Pushed right through both :/

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  • #939
  • Apr 19, 2012 1:42am Apr 19, 2012 1:42am
yup, stopped out on that one.
  • #940
  • Apr 19, 2012 2:04am Apr 19, 2012 2:04am
Only20gp could you post your volume indicator for mt4? Is it even worth having from what rocky said?. I'd like to see it anyway
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