As I mentioned earlier, when you see an abnormally large spike in volume, there is a high probability a retracement/reversal will happen sometime in the near future. Though Tick Volume isn't as good as Real Volume, it still plays an important role ...

EURUSD

I think it's possible that we can still go up to the supply zone you noted in an earlier comment. But ultimately, I believe we are going much deeper. We might even see a new all time low at some point. The EURO appears to be toast.

EURUSD

I figured this much, too. I mentioned the possibility of such a gap here. So we are likely going to be moving up as the dollar faces a minor correction.

EURUSD

Such an EA would have to be created by a professional coder to be done right. Otherwise, trading this strategy using an EA could get messy.

Simple Monday-Tuesday System (attached calculator)

Thanks for clearing that up.

EURUSD

I also looked at the COT report, and being that this is something new I have added to my analysis, I wasn't sure about whether to give more weight to commercial or non-commercial buyers and sellers. So basically, what you are saying is more weight ...

EURUSD

1. The Daily Candle closed as Bullish Engulfing. 2. The volume for candle 'A' is 84,727, and the volume for Candle 'B' is 82,601. Even though candle 'B' is much larger than candle 'A' but has less volume, I do not consider this to be an anomaly. For ...

EURUSD

Sentiment is a good thing to pay attention to! Click on the following link, scroll down to EURUSD and read what these folks have to say: url Here is a portion of their commentary: "traders are less net-long than yesterday and compared with last ...

EURUSD

That is amazing! Congratulations! I tried putting your script on my chart but it didn't work. Does it only work on certain days or at certain times?

Simple Monday-Tuesday System (attached calculator)

That is a reasonable target in my opinion. image

EURUSD

That Daily candle is quite strong. It could go up more. However, I have learned from experience that it is not uncommon for a minor retracement of 20% to 50% of a large volume candle's body to take place following such a move. Also, let's not forget ...

EURUSD

Though I had an excellent entry at 1.07948, I have decided to close out my long positions. Why did I do that? In an earlier comment, I had mentioned I opened a long trade at a very bad spot (against my better judgment). I was deep under water. But I ...

EURUSD

I make no claims to being a guru and never will. I too, am a learner. I have been involved with trading for more than 3 years and have been burned multiple times. I have spent a great deal of time and money learning how to trade. Most of the stuff ...

EURUSD

But you have made your point. You apparently believe tick volume in the Forex market is a sham, and is therefore, useless. There is no point in continuing to respond negatively to what I am posting. You've made your point. I respect your right to an ...

EURUSD

Please keep this in mind before thinking to criticize people who sometimes make bad trading calls. Technical analysis is about probabilities, not absolutes. Nobody, I repeat, nobody gets it right 100% of the time. In fact, most people don't even get ...

EURUSD

With all due respect, you simply don't understand how to apply volume to technical analysis. That's why you don't see what I see. Maybe I should just put myself on the line and start making calls on this stuff before it happens. Maybe then you will ...

EURUSD

I was able to close out one of my losing longs above break even. I am now riding one up from 1.07948 However, I still have another long I entered at a very bad spot (I should have known better). COT likely would have saved me from that trade! I can ...

EURUSD

I know it's after the fact, but when you see a large volume bar spike like the one on the chart below, it is indicative of a soon coming reversal or a deep retracement. Note: The volume indicator I am using is more advanced than the volumes ...

EURUSD