When I look at the Market Depth indicator, I am looking at the bottom numbers to see a consistent imbalance between bids and offers. If the numbers are flashing randomly, I do not trade. The imbalance may hold for several minutes before I place a trade. I recommend that new users of this feature use a 5 minute price chart to observe support or resistance alongside Market Depth.
Hi Mcleod, Sir..
Thank you For Your Post, Okay
I got It Sir, but It Could be wonderful If you Post A Chart about My Question ...
Sir I am little confused ..
so thank you I would Like to See your Post Again..
Scalped 10 pips with Market Depth -A number of Market Depth imbalance trades appeared on the yen pairs this morning. EUR/JPY showed 8.7M Bid while a whopping 17M was being offered. This clearly indicated that there was short term resistance and prices were going to fall in the short-term. I entered short at 133.88 and limited out for 10 pips. I saw the same type of imbalances on GBP/JPY and took those trades as well. Currently, there is an imbalance to the long side of EUR/JPY which I am in and I will post the results of that trade as well.
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Scalped another 11 pips from the EUR/JPY- I used a 5-minute chart to identify a level of support after a decline. Market Depth showed consistently that Bids were greater than Offers. At the same time, EUR/JPY was making long wicks at support and was unable to get much below the 133.73 area. I decided to get long at 133.79 for a quick 11 pip scalp. See the attached chart:
Xiao, may I recommend that you attend one of our Power Courses where you can have direct interaction with our Team of Instructors including Jeremy and myself. Our team has over 75 years of trading experience. CLICK HERE for more information. If you are trading live with FXCM and meet certain requirements you can take the course for free.
Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.
Scalped another 11 pips from the EUR/JPY- I used a 5-minute chart to identify a level of support after a decline. Market Depth showed consistently that Bids were greater than Offers. At the same time, EUR/JPY was making long wicks at support and was unable to get much below the 133.73 area. I decided to get long at 133.79 for a quick 11 pip scalp. See the attached chart:
Xiao, may I recommend that you attend one of our Power Courses where you can have direct interaction with our Team of Instructors including Jeremy and myself. Our team has over 75 years of trading experience. CLICK HERE for more information. If you are trading live with FXCM and meet certain requirements you can take the course for free.
hi Sir..
Thank you For Great information.. Yes I will have ...
Hello I just do want to know only Is that Mt4 Does Work on Who have the Real A/c in FXCM...
Little confused About Mt4..
And did you heard about MT4 And Thv,,, yes
could You tell me How was it..
And Do you have any Link to make Thv into MT4
Sir I have a Live Account In FXCM stranded But Little Confused about MT4 Thv...
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Based on my observation, if we leave the depth to the full extend, say 6~10 levels, the Bid and Offer side would always show the same amount. In that situation, depth window won't provide any buy/sell signal.
Shall we limit the depth level so it will show the difference between Bid and Offer?
Based on my observation, if we leave the depth to the full extend, say 6~10 levels, the Bid and Offer side would always show the same amount. In that situation, depth window won't provide any buy/sell signal.
Shall we limit the depth level so it will show the difference between Bid and Offer?
Thank you for your question. I recommend that you use 3 or 4 levels instead for better signals.
Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.
Scalped another 11 pips from the EUR/JPY- I used a 5-minute chart to identify a level of support after a decline. Market Depth showed consistently that Bids were greater than Offers. At the same time, EUR/JPY was making long wicks at support and was unable to get much below the 133.73 area. I decided to get long at 133.79 for a quick 11 pip scalp. See the attached chart:
Xiao, may I recommend that you attend one of our Power Courses where you can have direct interaction with our Team of Instructors including Jeremy and myself. Our team has over 75 years of trading experience. CLICK HERE for more information. If you are trading live with FXCM and meet certain requirements you can take the course for free.
Hello Sir,,
could you Explain a Little how You trade by Calculate The System Selector and through By the Market Currency..
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I'm an ex-Power course student at FXCM. I'm actively trading using this ATP & making some good progress using demo account. However, with this new NFA ruling , question: Do you still have ATP using Stop-Limit ?
Hi Greg i have a question about the active trader demo acount,
Is the Bid/Offer in revers? because in my demo my Bid is on the RIght side in BLUE and the Offer is on the left in RED, but the opposite seems to happen pretty often. In your post i see the exact opposite. So im constantly second guessing myself because im not 100% sure that im looking at the correct imbalance... i have called FXCM office and no one knows anything about active trader..
ei. when the bid is doubled the pair goes down and when the offer is double the pair goes up, but this happens only on some pairs, is it possible that market makers are playing tricks by posting false BID/OFFERS? or im i going crazy?
I'm an ex-Power course student at FXCM. I'm actively trading using this ATP & making some good progress using demo account. However, with this new NFA ruling , question: Do you still have ATP using Stop-Limit ?
Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.
Hi Greg i have a question about the active trader demo acount,
Is the Bid/Offer in revers? because in my demo my Bid is on the RIght side in BLUE and the Offer is on the left in RED, but the opposite seems to happen pretty often. In your post i see the exact opposite. So im constantly second guessing myself because im not 100% sure that im looking at the correct imbalance... i have called FXCM office and no one knows anything about active trader..
ei. when the bid is doubled the pair goes down and when the offer is double the pair goes up, but this happens only on some pairs, is it possible that market makers are playing tricks by posting false BID/OFFERS? or im i going crazy?
probably both
thanx for your input
I have notified the people responsible and they should have a fix coming out in the next update.
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