I've seen large orders hit during the Asian session including similar 5,000+ orders whatever the block/s volume might have been not usually up at this time of day and it was definitely a surprise to see the price reverse direction as it did, and according to the Dow Jones newswire via Oanda - "Euro Jumps On Sarkozy Remarks About Defending Euro" 6:12am then of course the price reverses from the top to continue the downtrend, which all adds up to 'buy on rumour sell on news' - or in the euro's case, 'sell on rumour buy on news' with the news being whatever Federal Reserve Chairman Bernanke has to say on Friday
this is called the " dealer flops a pair of ladies......." it takes 5 to 10,000 lots to move the market like that. s
mt4 client bogs down as the following 1 history and 2 log files continue to add data......... the charts and quote feed slows down to a crawl........ every week or so, delete the contents of these 3 folders inside the mt4 directory close the prog. do not toss out the folders, just the files in them. restart mt4 , watch it fly....... just another trick by mt4 to scam the retail trader and slow the program down as you try to get trades on and off. cheers, s where to look. find the metatrader folder on what ever drive you are using....... C:\Program Files\FxPro MetaTrader\history C:\Program Files\FxPro MetaTrader\logs C:\Program Files\FxPro MetaTrader\experts\logs
just happened across the attached, it's the ES mini S&P an hour before closing chart is 5 secs and total volume was 12,940 contracts in the single 5 sec bar the price twitched down 1 tick on the next bar average daily volume of the ES is about 10 times that of the 6E today's 6E volume: 163,329 today's ES volume: 1,832,857 slow day
Thanks for the example Wallace. Here is a pic around 24th-25th august. But I put it on 30minutes timeframe. I only have the spot one. Can you tell me if the second arrow, highlighted with a triangle - corresponds to the big jump in volume in the ES. Just to make sure we are commenting on the same situation.
lg_cap, no, look at the images more closely the 6E takes off from about 1.4398 about 6:10am est the 5min spot chart price takes off a little higher at bar 15:05/10 - Alpari NY demo
I don't know how many times I have to tell you this. If you are a big bank and you want to buy you sell. You sell until you can collect enough position. This has been going on since the Rothchilds invented banking.
wallace do you mind may be downloading my pic, and circling the correct prices. oldtime thansk for the insight