Subscribed, looks interesting!
Thanks for a Fantastic thread.Originally Posted by ;
Seeking to work out SOSs and LPSs. In Distribution phases there's LPSY therefore, does LPSs mean Last Stage of Supply.
Also, couldn't see any excuse of ICE and CREEK.
Will be following carefully, because my FX experience has be very similar to yours.
EP
I'm not being negative here but just how do you get round the fact that different brokers will have different tick values? For instance that the Alpari feed ticks wildly since they're a bucket store market maker whereas someone like Vantge FX possess a less wild feed and therefore the volume might look less. I'm not suggesting this idea isn't valid, I'm sure it is, but when two traders are looking at different information then they will take different trades in the same circumstance.
you bring up an interesting point. I'm not too well versed in how tick volumes have been calculated in FX, would brokers offering multiple liquidity providers have significantly more accurate representation of quantity flow?Originally Posted by ;
That is what I thought about using quantity in Forex trading..it's different with stock market . .we never know the exact quantity on forex. .Originally Posted by ;
Subscribed...
Side note: Many,many years back bought Wycoff's book Charting the Stock Market: The Wyckoff Method . Information was me at the time. Not too today . My interest ls just PA, Volume, Support/Resistance and Supply/Demand. Volume in Foreign Exchange appears to be chy vs. quantity coming from this CME, etc..
Awaiting your ribbon
TSD
same story with me,Originally Posted by ;
I reduce my leverage
trash all indior
take bigger time period (H4 longer)
and I think the best thing I learn is to let profit run
I still not using hard SL, but I will take loss when I think I'm at incorrect position.
My trade decision method is different, I rely on news and also a lot of corelation... so I think I can learn from you here eace:
really nice post
They might have different feeds but the greater time period (which is best to grab the proper moves, I'd say greater than 15 minutes), has more reliable signal movement as other brokers.Originally Posted by ;
Yes the scale might be smaller but if all be equal for example as for instance, allows use a visual here. Say you are taking a look at a island from a space however you are considering this island in a much further distance... it'll look much smaller from additional space than it would from a closer space however you'll observe the shape is basically the same. Since different feeds it might be shaped but overall you can see there is still a lot of similarity.Originally Posted by ;
A higher time frame will be similar. I dont look at volume on a time period that is small it is really immaterial because you would observe tick volume on the smaller tf like m1 and m5, if you are scalping esp and at times even m15. While I look I love to find out what the volume is like on the TF, Wycoff traded long duration and appeared in daily and up charts.Originally Posted by ;
SOS is actually Volatility when the fad change starts to occur you will discover maybe an increase of spread, you may not find a massive shift perhaps 1 to 2 pips occasionally but it'll be there. This is because money is beginning to move and become more volatile. Thats all. Notice SOS refrenced at LPS (last stage of supply) that is the thrust that pushes the market lower and finally affects the trend.Originally Posted by ;
Ice and creek please see screenshot the preceding screenshots, do you find the creek at the downtrend ending and shing to an uptrend, the Creek is broken from the second supported high, the opposite goes for breaking up the ice, detect that a lower high is supported prior to the downtrend is confirmed?
Correct look at the basic definition of volume. It is basically the ammount of substance in a confined area. Keyword being substance and ammount. In trading forex you have spot volume (tick volume), and in regular trading like stocks and stocks you have actual volume of trades, and same goes for choices.Originally Posted by ;