Intraday FX Player

Discussion in 'Journals' started by CFerret, Mar 26, 2008.

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  1. #1541     May 6, 2008
  2. Charly

    Charly

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    You don't trade that - do you?
     
    #1542     May 6, 2008
  3. Charly

    Charly

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    How do YOU read volume in FX please??
    If i have overread it somewhere - sorry.
     
    #1543     May 6, 2008
  4. tom123

    tom123

    No,Charly....I go down to the 5 and 15 minute charts to time my trades....the 1 minute is too fast and close for my eye right now..... but the "big picture" is what I'm trying to see with the fib fan and straight line convergence points from power points past....like june 12,august 15,feb 7,mar 23,april18 and the key convergence points take us to the present where the next one seems to be happing now around 1.5537-50....which in my view would be the break out moment either big down to 154/153...maybe 152.....or break up to 157...
     
    #1544     May 6, 2008
  5. Morning all!
     
    #1545     May 6, 2008
  6. It's impossible to read whole spot FX volume directly. But with a little of experience you can pretty well read by PA when volume is low and when is high...

    Also there is another way possible - extrapolating currency futures volume to spot FX. But I don't use this method as redundant.

    Just eye is enough so far to roughly read volume by price behaviour. And exact volume I don't need... :)
     
    #1546     May 6, 2008
  7. We're sitting on important hourly TL again... Very interesting where it's going now...
     
    #1547     May 6, 2008
  8. morning CF
     
    #1548     May 7, 2008
  9. Short @ 501.
     
    #1549     May 7, 2008
  10. Market is sitting on support (1.5460 on the EUM8 contract). If it holds, (which I think it will) I am anticipating a move up from here.
     
    #1550     May 7, 2008
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