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Bull City Baby! Buying Opportunities

  • #161
  • Dec 8, 2014 3:10pm Dec 8, 2014 3:10pm
Quoting chsortman
Anybody here looking at tick volume (or any other volume metric) data for this move?
tick volume is useless, dont worry about it

PS go USDJPY!!! going to get a bull tattoo on myself i think lol
All posts are my personal opinion
  • #162
  • Dec 8, 2014 3:13pm Dec 8, 2014 3:13pm
usdjpy rest safe and sound, dust to dust Ashe to Ashe
Let me fill my acount wallet then will take Ur advice
  • #163
  • Dec 8, 2014 3:15pm Dec 8, 2014 3:15pm
See it's looking better but took me out went past my stop by 1.1 pips before bouncing grrrr looking good to reenter now but a little wary...
  • #164
  • Dec 8, 2014 3:18pm Dec 8, 2014 3:18pm
Have been absolutely mullered today, I have bought all the way down from 121.65, two lowest positions stopped out at 120.40 for risk mitigation and other 3 positions still running. I still believe the bull run is on but ouch what a retrace for the bulls. I may live to rue those 2 pos SL'd at 120.40 in the long but can't be too careful. Can always buy on the way up again I guess.
  • #165
  • Dec 8, 2014 3:18pm Dec 8, 2014 3:18pm
Now its safe go for long .....chilllllllllllllllllllllllll
  • #166
  • Dec 8, 2014 3:24pm Dec 8, 2014 3:24pm
Quoting 4eggz
Have been absolutely mullered today, I have bought all the way down from 121.65, two lowest positions stopped out at 120.40 for risk mitigation and other 3 positions still running. I still believe the bull run is on but ouch what a retrace for the bulls. I may live to rue those 2 pos SL'd at 120.40 in the long but can't be too careful. Can always buy on the way up again I guess.
Did the exact same thing.
  • #167
  • Dec 8, 2014 3:31pm Dec 8, 2014 3:31pm
yeah figured the same I've entered at 120.7 with a stop of 20 pips so we shall see..... if the retrace is over all will be good and if not it's a small stop this time so not the end of the world
  • #168
  • Dec 8, 2014 3:32pm Dec 8, 2014 3:32pm
Scaling out some now at 120.740 in case there's a problem breaching the ceiling here. The last of my order is looking for the high.

Quoting JoeNY
I'm in 120.450 looking for the High... (mental stop -20 pips)
SPC * Swollen PocketZ Crew!
  • #169
  • Dec 8, 2014 3:42pm Dec 8, 2014 3:42pm
I'll wait that usd/jpy confirm bullish or bearish now!!! let's see!!!
  • #170
  • Dec 8, 2014 3:52pm Dec 8, 2014 3:52pm
Quoting Rtm
{quote} tick volume is useless, dont worry about it PS go USDJPY!!! going to get a bull tattoo on myself i think lol
Only useless if you don't know how to read it
  • #171
  • Dec 8, 2014 3:56pm Dec 8, 2014 3:56pm
he's not wrong....
  • #172
  • Dec 8, 2014 3:57pm Dec 8, 2014 3:57pm
Quoting chsortman
{quote} Only useless if you don't know how to read it
SPOT forex tick volume?! youve got to be kidding me. I would love you to prove me wrong here, but tick data across forex brokers is not even the same nor does it cover the total volume in forex!http://www.for-exe.com/uploads/1/1/3...32325_orig.png
maybe volume in fx futures, but that something totally different altogether.

source : http://www.for-exe.com/blog/metatrad...-waste-of-bits


Now for some more of bull city baby
All posts are my personal opinion
  • #173
  • Dec 8, 2014 4:02pm Dec 8, 2014 4:02pm
I would have to agree on ignoring volume. But I think it's like any other indicator, in that it can be right sometimes. Just like if you spot divergence on any given indicator, and trade by it, it might work sometimes. But like I say about any method/strategy, if it works for you, I can't argue with it.

UJ needs to move up from here. Just added to my position, but if I see even a hint of hesitation, I'll TP and wait for better confirmation this retrace is over...

Right now I'm looking at 120.662, need to get above it, or it could fall back.
  • #174
  • Dec 8, 2014 4:04pm Dec 8, 2014 4:04pm
took the words out my mouth rtm. Broker based.
  • #175
  • Dec 8, 2014 4:21pm Dec 8, 2014 4:21pm
Quoting Rtm
{quote} SPOT forex tick volume?! youve got to be kidding me. I would love you to prove me wrong here, but tick data across forex brokers is not even the same nor does it cover the total volume in forex!{image} maybe volume in fx futures, but that something totally different altogether. source : http://www.for-exe.com/blog/metatrad...-waste-of-bits Now for some more of bull city baby
The reason I asked is because someone earlier talked about futures and options volume. If you think any of it's useless, whatever. I think most indicators are useless... but I still look at them sometimes out of desperation for more data.
  • #176
  • Dec 8, 2014 4:34pm Dec 8, 2014 4:34pm
Futures and US Equities provide true volume. They are not useless. No worries... FX is a different ball of wax... Just up tick, down tick data. Some find that useful. Not my forte so I can't elaborate.

Quoting chsortman
{quote} The reason I asked is because someone earlier talked about futures and options volume. If you think any of it's useless, whatever. I think most indicators are useless... but I still look at them sometimes out of desperation for more data.
SPC * Swollen PocketZ Crew!
  • #177
  • Dec 8, 2014 5:00pm Dec 8, 2014 5:00pm
Right now, a chance for bulls to show they are in control. Price is trading at the 50% level from this bull bounce.
  • #178
  • Dec 8, 2014 5:01pm Dec 8, 2014 5:01pm
Could it be that the bulls were just taking profits, luring the bears back in, only to pound it back up here? We'll see soon...
  • #179
  • Dec 8, 2014 5:09pm Dec 8, 2014 5:09pm
Quoting benaiah
Could it be that the bulls were just taking profits, luring the bears back in, only to pound it back up here? We'll see soon...
G'day Benaiah,

It feels this retracement may also have a time component to it - ie might drift sideways for a day or 2, before blasting off. But, wouldn't count on any lags, as everyone and their dog seem to be bullish right now.
  • #180
  • Dec 8, 2014 5:14pm Dec 8, 2014 5:14pm
Quoting Didgeridoo
{quote} G'day Benaiah, It feels this retracement may also have a time component to it - ie might drift sideways for a day or 2, before blasting off. But, wouldn't count on any lags, as everyone and their dog seem to be bullish right now.
No lags, but drifting sideways? Not sure I follow.

But looking at the price action right now, it doesn't have the same "lull you to sleep" look as it usually does during this time of day. But I'm ready to stand aside and wait for a good signal if things start to look bad. Right now, just a little uncertain...
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