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EURUSD

  • #886,061
  • Mar 26, 2014 4:48am Mar 26, 2014 4:48am
Quoting kuroro001
{quote} No its the simple tick volume you can find on any plateform. Using metatrader where its seem pretty relevant, i just couldn't trade without it.
That is why I was asking, I am curious as to why volume on MT4 is used. It just measures how fast a pair is moving. If it jumps 30 pips for no reason, that will register high volume on MT4.


for (int i = 1; i > 30; i++) {
(execute order to buy);
}
return XXXX;

if (XXXX = true && XXXX <= 100000 mil)
(verify order to buy).

Off the top of my head, that EA would solve your volume indicator into a trade.
  • #886,062
  • Mar 26, 2014 4:49am Mar 26, 2014 4:49am
Quoting TauTrader
Good day, Looking for a long scalp on the 30min Regards {image}
db on the bottom, no need to worry w/o a break
those who can, do. those who cant, talk about those who can
  • #886,063
  • Mar 26, 2014 4:49am Mar 26, 2014 4:49am
Quoting gatorinla
{quote} its bearish,, it broke out with a 7411 target,,, it may not bounce.. the problem i have with it and the ea is the have not reached mids... so i could only trade them with caution, by protecting profit. 8470 has not retraced... and where it is atm that could be needing 8535,, it appears bearish for 7411... but dont overlook it going to the mid or 8470 at any moment now 7892,,,, i placed a small long,,, with a small stop
not sure yet maybe i will long on the point i mention with small position
  • #886,064
  • Mar 26, 2014 4:54am Mar 26, 2014 4:54am
USDJPY might be indicative of US session/(ROW/ROM) ... looks to breakout either way soon, this could drive risk.

buying 101.40, selling 103.60 ... playing intraday edges.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h1-oanda-corporation-2.png Size: 108 KB
  • #886,065
  • Mar 26, 2014 4:54am Mar 26, 2014 4:54am
Quoting slow-trader
{quote} That is why I was asking, I am curious as to why volume on MT4 is used. It just measures how fast a pair is moving. If it jumps 30 pips for no reason, that will register high volume on MT4. for (int i = 1; i > 30; i++) { (execute order to buy); } return XXXX; if (XXXX = true && XXXX <= 100000 mil) (verify order to buy). Off the top of my head, that EA would solve your volume indicator into a trade.
It measures the activity on every candle if you like.

But its not because the volume is high on a bullish candle that it should go up. Its a little bit more complicated than that.

Volume works with PA and candle formation. Volume alone means nothing.

It's like trading RSI/MACD without looking at the chart.

And i don't trust EA, i'm better manual
COT: The precious data ignored
  • #886,066
  • Mar 26, 2014 4:55am Mar 26, 2014 4:55am
Quoting TauTrader
Good day, Looking for a long scalp on the 30min Regards {image}
  • #886,067
  • Mar 26, 2014 4:56am Mar 26, 2014 4:56am
Quoting egkid
{quote} not sure yet maybe i will long on the point i mention with small position
it never retraced, in Dec we had support here 7894. in 2010 R was here in the area, (june 6 high 7892).. so i pulled the trigger
those who can, do. those who cant, talk about those who can
  • #886,068
  • Mar 26, 2014 4:58am Mar 26, 2014 4:58am
Quoting kuroro001
{quote} It measures the activity on every candle if you like. But its not because the volume is high on a bullish candle that it should go up. Its a little bit more complicated than that. Volume works with PA and candle formation. Volume alone means nothing. It's like trading RSI/MACD without looking at the chart. And i don't trust EA, i'm better manual
I meant I looked at a volume indicator. I never have looked at the code before, all it does is shows the spikes in pip movement. I didn't know that, it can easily be made into an EA to buy the spike with a SL below the previous bars low or reverse.
  • #886,069
  • Mar 26, 2014 5:02am Mar 26, 2014 5:02am
Quoting gatorinla
{quote} it never retraced, in Dec we had support here 7894. in 2010 R was here in the area, (june 6 high 7892).. so i pulled the trigger
Placed limit buy @7865
  • #886,070
  • Mar 26, 2014 5:03am Mar 26, 2014 5:03am
we did have a weekly bearish engulf last week, with a LH/LL...wonder if it will mean anything in the short term...
Look Sharp/Trade Tight
  • #886,071
  • Mar 26, 2014 5:05am Mar 26, 2014 5:05am
Quoting slow-trader
{quote} I meant I looked at a volume indicator. I never have looked at the code before, all it does is shows the spikes in pip movement. I didn't know that, it can easily be made into an EA to buy the spike with a SL below the previous bars low or reverse.
Don't know if it'll work out, but you can give it a try.

I just know i wouldn't do it, but let me know if you do it
COT: The precious data ignored
  • #886,072
  • Mar 26, 2014 5:08am Mar 26, 2014 5:08am
Quoting gatorinla
{quote} it never retraced, in Dec we had support here 7894. in 2010 R was here in the area, (june 6 high 7892).. so i pulled the trigger
Keeping short, AUD has room to run to .93 this week. GBPUSD looks capped, assuming it stays at 1.6527 (or AUD consolidates while GBP drifts lower) and AUD goes another 70 pips (small pull back 40 pips like normal bull AUD rallies), that would put it at .93.

1.6527/.93 = 1.777x.

That matches a 100% extention and 200 day MA. That is my TP for the short, stop at + 20 (1.7980)
Attached Image (click to enlarge)
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  • #886,073
  • Mar 26, 2014 5:09am Mar 26, 2014 5:09am
Quoting PayTheLimit
we did have a weekly bearish engulf last week, with a LH/LL...wonder if it will mean anything in the short term...
that open one atm is a seas candle... a wtf candle..both ways
those who can, do. those who cant, talk about those who can
  • #886,074
  • Mar 26, 2014 5:09am Mar 26, 2014 5:09am
Quoting kuroro001
Possibility to see a full downside move from now on
And why?
KEEP CALM AND CARRY ON SHORTING
  • #886,075
  • Mar 26, 2014 5:12am Mar 26, 2014 5:12am
Quoting Thirsty
{quote} And why?
Waiting
Re-Incarnated
  • #886,076
  • Mar 26, 2014 5:15am Mar 26, 2014 5:15am
Quoting gatorinla
{quote} that open one atm is a seas candle... a wtf candle..both ways

sure, as of right now, and last weeks low has held thus far, but seems more often than not, the weekly engulf does give you some sort of move lower...at least thats what I see on the weekly...

nothing to bet the farm on, just a casual observation...
Look Sharp/Trade Tight
  • #886,077
  • Mar 26, 2014 5:16am Mar 26, 2014 5:16am
Quoting slow-trader
{quote} Keeping short, AUD has room to run to .93 this week. GBPUSD looks capped, assuming it stays at 1.6527 (or AUD consolidates while GBP drifts lower) and AUD goes another 70 pips (small pull back 40 pips like normal bull AUD rallies), that would put it at .93. 1.6527/.93 = 1.777x. That matches a 100% extention and 200 day MA. That is my TP for the short, stop at + 20 (1.7980) {image}
i have the aud going higher and the gbp having a possible retrace. i dont doubt the momentum the ga has looking so bearish. so i placed just a small trade on the anti momentum (anti-indi) S/R. sometimes is works. i dont mind giving 25 pips for a 900 shot
those who can, do. those who cant, talk about those who can
  • #886,078
  • Mar 26, 2014 5:18am Mar 26, 2014 5:18am
Quoting Thirsty
{quote} And why?
1.383x couldn't get crossed up even with this powerful buying from the low yesterday.

Looking at the daily i don't like it, so i'm swimming with the intraday flows for now.
COT: The precious data ignored
  • #886,079
  • Mar 26, 2014 5:21am Mar 26, 2014 5:21am
Quoting gatorinla
{quote} i have the aud going higher and the gbp having a possible retrace. i dont doubt the momentum the ga has looking so bearish. so i placed just a small trade on the anti momentum (anti-indi) S/R. sometimes is works. i dont mind giving 25 pips for a 900 shot
not bad at all, but AUD and NZD look to test higher this week. I bought a little more NZD a couple hours ago, if we dont' make a run at highs by US open, I will close.

I have minor trendline support on EURAUD coming up in 20 pips, not strong but may provide bounce (atr support this almost to the pip). Conditions may warrant pullback in AUD and NZD, and actually just closed on NZD as I type.
  • #886,080
  • Mar 26, 2014 5:26am Mar 26, 2014 5:26am
USDJPY about to break out either way intraday.

GBPUSD capped and supported by hourly MA's. looking to buy or sell whatever side gives (same for crosspairs).

Name of the game is consolidation.
Attached Image (click to enlarge)
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