2 color one come with mt4 , it's under indicator (not custom indi)
"Men who can both be right and sit tight are uncommon."
- #694,361
- Sep 19, 2012 5:35am Sep 19, 2012 5:35am
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- #694,362
- Sep 19, 2012 5:36am Sep 19, 2012 5:36am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
The trend is strong, on the 5m tf prices have not touched the average (20) for more than 2 hours. A test of the extreme low is likely. But not certain.
"Men who can both be right and sit tight are uncommon."
- #694,363
- Sep 19, 2012 5:39am Sep 19, 2012 5:39am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Sorry my Friend, I do not understand what you are saying.
Mohan
- #694,364
- Sep 19, 2012 5:40am Sep 19, 2012 5:40am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #694,365
- Sep 19, 2012 5:40am Sep 19, 2012 5:40am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Kuro
I am also looking at the volume indicator that Mohan sent me, looks interesting.
One thing is not clear to me though, forex is not a centralise market, so I guess the volume is based on the each broker data. Is that right?
It's a tick volume, consider it as 'the activity' spotted in each candle.
Watch this activity near support/resistance
And yes it's very interesting if you know how to use it
COT: The precious data ignored
- #694,366
- Sep 19, 2012 5:41am Sep 19, 2012 5:41am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
you can find Mt4 build Volume indicator under indicator section which is using red and green bar thats looks little better for eye
"Men who can both be right and sit tight are uncommon."
- #694,367
- Sep 19, 2012 5:43am Sep 19, 2012 5:43am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Yes it's different regarding the broker.
It's a tick volume, consider it as 'the activity' spotted in each candle.
Watch this activity near support/resistance
And yes it's very interesting if you know how to use it
"Men who can both be right and sit tight are uncommon."
- #694,368
- Sep 19, 2012 5:44am Sep 19, 2012 5:44am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
just checked Spain , Italy yield looks its falling and euro also falling 
Mohan
- #694,369
- Sep 19, 2012 5:45am Sep 19, 2012 5:45am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
haven't seen you in this thread before
nice of you to stop by PT
where are you short from and whats your target? (you said lower than 1.2440)
Taken partial profits on most of the shorts. Break even of remaining shorts is around 1.3250 area.
Ultimate Target is below 1.2041. Not sure exactly where but I'm currently projecting 1.16 to 1.18 area
Those who say it cannot be done should not interrupt those who are doing it
- #694,370
- Sep 19, 2012 5:45am Sep 19, 2012 5:45am
Kuro
I am also looking at the volume indicator that Mohan sent me, looks interesting.
One thing is not clear to me though, forex is not a centralise market, so I guess the volume is based on the each broker data. Is that right?
Regards,
Angus
- #694,373
- Sep 19, 2012 5:47am Sep 19, 2012 5:47am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #694,374
- Sep 19, 2012 5:49am Sep 19, 2012 5:49am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
The trend is strong, on the 5m tf prices have not touched the average (20) for more than 2 hours. A test of the extreme low is likely. But not certain.
eu Daily
my resist 3108 i see very nice double top rightside doji ay resist, will see if her play out
au 1Hr
i see H&S plus skewed double top @ previous high resist
I did short 0612 but close her when she hit bottom of chanel and reloaded shorts
So bro thanks for advice to switch off and go to bed, but I have slowly build nice positions, rr has achieved all fil with runners left at no risk, I am very happy my bears bro
bring on USA if noda has runned out of yen these babies will be bricks
If you are new to Forex? Say Goodbye to your account!!
- #694,375
- Sep 19, 2012 5:50am Sep 19, 2012 5:50am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Mike - when you asked about my volume indicator yesterday I should have mentioned that my charting software uses DTN IQfeed so it's their tick data on the chosen pair.
Regards,
Angus
That is a completely different story, because they filter the data from numerous sources and a volume indicator would make more sense.
But the mt4 only inputs the data from its own broker I think.
Still good but less incisive in my view.
"Men who can both be right and sit tight are uncommon."
- #694,378
- Sep 19, 2012 5:57am Sep 19, 2012 5:57am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
I have shorts all over the map from 1.4647 all the way down to 1.2140
Taken partial profits on most of the shorts. Break even of remaining shorts is around 1.3250 area.
Ultimate Target is below 1.2041. Not sure exactly where but I'm currently projecting 1.16 to 1.18 area
What if the market feels its true value is higher?
I mean no offensive whatsoever here but have you ever heard the saying dont trade against the FED?
It's a losing proposition
Time for shorts was when there was very little stimulus (last 2011, and i know you shorted it big time, but my point is that the short is no longer there).Unless you think Euros will go down, USD will go down, and metals will fly to the moon. That's the only way both can go down...
Also I thought you had 1.78 projection for 2015 after E/U bottoms out?
Looking at that beautiful monthly chart, you really don't think it has bottomed out? Fundamentally and technically it seems so.
Be hopeful in a winning position, and fearful in a losing position.
- #694,379
- Sep 19, 2012 6:00am Sep 19, 2012 6:00am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
bro I have attach couple of charts I watching, remember I watching 16 charts each with different scenarios
eu Daily
my resist 3108 i see very nice double top rightside doji ay resist, will see if her play out
au 1Hr
i see H&S plus skewed double top @ previous high resist
I did short 0612 but close her when she hit bottom of chanel and reloaded shorts
So bro thanks for advice to switch off and go to bed, but I have slowly build nice positions, rr has achieved all fil with runners left at no risk, I am very happy my bears bro
I am also short audjpy and eurusd and my long euraud covered in profit.
I do not hold preconceive bias, I dont see any reasons why I should.
"Men who can both be right and sit tight are uncommon."
- #694,380
- Sep 19, 2012 6:03am Sep 19, 2012 6:03am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it