Thread: GBP and JPY Pairs H1 2013

[QUOTE=Gregory McLeod;579691]

Originally Posted by GreekEUR

I am so sorry !!!!!! Yikes! The two letters are so close together. My sincere apologies

Come on! Don't even think about feeling bad for this, as it was accidentally correct! (alhtough you should make one more letter mistake to become FreakEUR...:-) Just for clarification, although I'm indeed Greek, the nick is more of a sarcasm for our public economics and for EUR, and nothing nationalistic...:-)

And thanks again for the core of your answer.

Originally Posted by Gregory McLeod

Hello GreekEUR!

Tick volume could be used like stock volume. In stocks, a long wick is sometimes accompanied by a spike in volume. This capitulation by the sellers with a down spike could be used as an indication to trade in the opposite direction.

This indicator is new, so I encourage you to test it out and see how it can used in ways other than how I explained. It might be more effective on a different time frame.

Thanks for your understanding!

A late Lunchtime Liquidation? Or perhaps a second try thru 1.2680 support?

[QUOTE=Gregory McLeod;579734]This indicator is new, so I encourage you to test it out and see how it can used in ways other than how I explained. It might be more effective on a different time frame.
QUOTE]

Yes, this is something to test. The critical point is the lack of actual money volume (this 5k or 500k order you mentioned), so either very short TFs or very large TFs seem to me initially better. See for example the indicator some days before and after the downtrend reversal in the 1D TF. Or, better, the week TF arround these dates.

Thanks to MIKE giving me a handle on scalping. my main trading ,is short term EW & FIB swings . But ,now i can trade shorter term swings. what this has done for me :I no longer live on a diet of fast food dollar menu,Have moved to breakfast @ BOB EVANS & dinner @ OLIVE GARDEN . nice to be @ this level of living.

Originally Posted by bill2759

A late Lunchtime Liquidation? Or perhaps a second try thru 1.2680 support?

Hey Bill! With the UK bank holiday it will be interesting to see how much of a reversal EUR/USD gives us with just East Coast lunch.

[QUOTE=GreekEUR;579753]

Originally Posted by Gregory McLeod

This indicator is new, so I encourage you to test it out and see how it can used in ways other than how I explained. It might be more effective on a different time frame.
QUOTE]

Yes, this is something to test. The critical point is the lack of actual money volume (this 5k or 500k order you mentioned), so either very short TFs or very large TFs seem to me initially better. See for example the indicator some days before and after the downtrend reversal in the 1D TF. Or, better, the week TF arround these dates.

Let us know what you have come up with. If anyone else has found out ways of using the Tick Volume , please post!

Thanks,

Greg

Originally Posted by bill2759

Way to go Mike. I considered this Trade Myself before I retired. I say considered because, like a Dope I didn't act on it. Early Sunday night never gives Me any idea which way the market is really heading.

Thank you bill

Originally Posted by nopainnogain

Thanks to MIKE giving me a handle on scalping. my main trading ,is short term EW & FIB swings . But ,now i can trade shorter term swings. what this has done for me :I no longer live on a diet of fast food dollar menu,Have moved to breakfast @ BOB EVANS & dinner @ OLIVE GARDEN . nice to be @ this level of living.

thanks thomas, im glad its working out for you and your having success with it.

Originally Posted by bill2759

Way to go Mike. I considered this Trade Myself before I retired. I say considered because, like a Dope I didn't act on it. Early Sunday night never gives Me any idea which way the market is really heading.

Mary My Dear, Beware! You're on the edge of Political In-Correctness. The Fatties of the World already are up in arms over concieved and sometimes real predjudices about their Fat Fannies. Ya know, like charging them for two seats on Airlines and such. If they organize into Paramilitary groups, I doubt any Force in the World would be able to stop their Charge. "Oh the Humanity!"

As for Me! I think I'll continue to play short on retraces (if We get any). I had placed a sell order last night before bedtime at 1.28 plus a little. It never happened. I guess the Brownies were in hiding.

So! Happy Trading.

LOL Bill - I guess we have to think of another word for fat. Maybe gastrically challenged

Originally Posted by nopainnogain

Thanks to MIKE giving me a handle on scalping. my main trading ,is short term EW & FIB swings . But ,now i can trade shorter term swings. what this has done for me :I no longer live on a diet of fast food dollar menu,Have moved to breakfast @ BOB EVANS & dinner @ OLIVE GARDEN . nice to be @ this level of living.

Good for you, the way it looks for me is I'm on my way back to fast foods if I don't get the hang of it, seems every time I enter a trade it goes another direction, watching trend lines and when I think it's going to bounch of it, it just breaks it and carry on, need some idea's.

Hey! Don't knock Fast foods. While I enjoy sitting down to a three or four course dinner, there's nothing like a good juicy burger with fries and a shake after a day on the water. um, um.

TriMagic, I see you're a new poster. I have no way of knowing if you're a new trader. If you are new, step away from the short term charts. Trying to pick a direction to trade off them is a crapshoot as they say.
For example, look at the 15 minute chart from yesterdays open. Where would you have made some pips? Trading short or long? If you have tried to play it from the long side , you would have been burned unless you are only looking for four or five pips. Staying short or only taking a short position after a little retrace would have made you money every time.

New Traders, and I don't know if you are one, tend to try and anticipate market moves on the short term charts. that's the way to be stopped out every time, especially if your Stops are too close.

I'm just sayin!

Originally Posted by TriMagic

Good for you, the way it looks for me is I'm on my way back to fast foods if I don't get the hang of it, seems every time I enter a trade it goes another direction, watching trend lines and when I think it's going to bounch of it, it just breaks it and carry on, need some idea's.

Originally Posted by bill2759

Hey! Don't knock Fast foods. While I enjoy sitting down to a three or four course dinner, there's nothing like a good juicy burger with fries and a shake after a day on the water. um, um.

TriMagic, I see you're a new poster. I have no way of knowing if you're a new trader. If you are new, step away from the short term charts. Trying to pick a direction to trade off them is a crapshoot as they say.
For example, look at the 15 minute chart from yesterdays open. where would you have made some pips. trading short or long. If you have tried to play it from the long side , you would have been burned unless you are only looking for four or five pips. Staying short or only taking a short position after a little retrace would have made you money every time.

New Traders, and I don't know if you are one, tend to try and anticipate market moves on the short term charts. that's the way to be stopped out every time, especially if your Stops are to close.

I'm just sayin!

Definitly nothing wrong with some fastfoods...lol. Been trading for a while but in small gains where losses is outperforming the gains. Trying all sorts of things, even the breakout 2 signals on daily fx. Will take your advice and look for trades such as that in the mix.

Tri Magic

Originally Posted by nopainnogain

Tri Magic

Thanks for sharing, appreciate it

Originally Posted by FLFOREX

Thank you bill


thanks thomas, im glad its working out for you and your having success with it.

Mike, you a, a, a, a, a, LOL, a, a, a Bad(in a good way), Bad, Bad, man!!!!
Gimi pound, gimi pound, gimi euro, gimi yen!!!!!
Your scalp game is TIGHT!!!!!!!!!!

A-Yooooooooooo