Sonic, volume iin forex is an indicator that more often misleads than not. I was on the 1 minute chart....watching BOTH the volume surges AND the candle movements SIMULTANEOUSLY. And what I was seeing was a candle that shot up high on next to ZERO ...

EUR/JPY

Current Price & Volume Movement.... — "They" (big boy traders) keep popping the price up from the teens into the thirties.....then volume increases and the price fades down. This pattern has been repeated several times already. It makes ...

EUR/JPY

SDX-SweetSpots Upgrade — Attached is an upgrade to the indicator. Flexibility in line styles is increased. You can select to make the lines Solid, Dash, Dot, or DashDotDot. And when making Solid lines, you can select thickness. Be sure, when ...

EUR/JPY

Short term move up? Maybe to 120.50 - 121.00 - 121.50area? 30 min. chart shows 262% level hit.....normal it could bounce from here. 15 min. chart shows the bounce (also a pivot level) and now a BB pinch forming....price poised to break up (but ...

EUR/JPY

Thank you, sonic, for the indicator .mq4 file.

EUR/JPY

That chart of yours is a very telling one. Do you manually insert the horizontal lines where you feel you should, at the whole and half numbers, or do you use an indicator?

EUR/JPY

Bollinger Breakout — Nice runs in the Asian and Euro sessions. Too bad I went to sleep and missed the last (and unexpected) 200 pips down to 118.08. Bollinger band fib extensions can be very accurate predictors of price areas where price ...

EUR/JPY

Good trading, Sonic. That was a nice move. And yet, there may be another 100+ pips in it!

EUR/JPY

See it? They just pumped it up 200+ pips to unload their longs and take on shorts. And now we may be in for a ride down of 200+ pips.....so they can cash those out for like profits! This (!) is forex. And the value of currency pairs has nothing to ...

EUR/JPY

Bollinger Breakout — The 123.20 area has been well tested and soundly broken.....now heading back down to PIVOT. If it breaks down thru it, and the break holds, we will truely be back in DOWN MODE.......(IMHO)

EUR/JPY

Bollinger Breakout — .....which may be starting......

EUR/JPY

Bollinger Breakout — If it breaks below 123.20, there is the possibility of a 200 pip run down to LOD at 121.21......

EUR/JPY

Here you are. Look at the volume hump in conjuction with the price hump. That is a lot of relative volume and yet the price stalled out as the volume came pouring in......

EUR/JPY

Bollinger Breakout — Looking at the 30 chart, it found another support area to test as resistance, one that finally seems to be holding.....123.80 area. On the Bollinger band pinch, that is a failure at the 62% level = weak momentum upside. ...

EUR/JPY

Lots of volume at these highest highs over the last 15 minutes, and the price is not moving. Either the big boys are holding the line while they buy it up, or they are shorting while keeping it up. Either way, next move should be a good one.

EUR/JPY

Bollinger Breakout — The moment of truth? Two high strikes (see the arrows). The first at 123.37 and the latter at 123.36. If the current candle closes down, then maybe, just maybe the Euro session traders will join in and hammer this ...

EUR/JPY

Agreed, sonic. And right now we got zip. Maybe another test of 123.00 area as resistance. Maybe a break up....maybe....maybe ....maybe ad-nauseum. And the Euro traders can, as they sometimes do, jump in early to futher muddy the waters......

EUR/JPY

ABC Zigzag & Bollinger Breakout — This current 5 minute chart shows a movement up and a new, better defined Bollinger band pinch. This move may break out to the topside, but even if it does, they sometimes roll over (head fake) and move in ...

EUR/JPY

ABC Zigzag & Bollinger Breakout — Here is a subsequent 5 minute chart...better showing the ABC Zigzag that may, or may not develop into a downside run. I added the red lines to the red arrows to help portray what I was referring to.

EUR/JPY

ABC Zigzag & Bollinger Breakout — On this 5 minute chart, the central fib pivot line (122.96) has essentially been tested multiple times and held as resistance. We have an ABC Zigzag pattern (red arrows) and a Bollinger band pinch. Notice ...

EUR/JPY