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

Thanks for sharing your opinion. My experience does not agree with you. And I think the images I shared here speak for themselves. As for the author of the book, I believe she has been trading since the late 90s. Yes, she trades the Forex market ...

EURUSD

I need to figure out how to make my images smaller!

EURUSD

Unless circumstances dramatically change for the EURO, I believe price will eventually make its way down to the green line. How long it will take to get there? I don't know. But I do expect to see a correction before it reaches that point. image

EURUSD

I prefer to draw my own, because there are variables such indicators do not put into perspective due to limitations.

EURUSD

Continued from Previous Comment If you have a large volume spike and a small spread, then it is OK to draw the lines on the high and the low of the large volume bar's corresponding candle, rather than drawing them on the opening and closing price. ...

EURUSD

Volume can also be used to find key areas of support and resistance. When you see an abnormally large volume bar, you might consider drawing lines at the opening and closing price of its corresponding candle. Look at the image below and see how ...

EURUSD

Here's another example. Notice how candle ‘B’ closes lower than candle ‘A,’ but the volume (2) for candle ‘B’ is greater than the volume (1) for candle ‘A.’ Moreover, the spread for candle ‘B’ is lesser than the spread for candle ‘A.’ This is an ...

EURUSD

The bullish candle was already closed. I hid the other candles for the sake of making the point that just because the candles appeared to be giving a bullish go signal, it didn't mean it was wise to go long. The volume said something different. The ...

EURUSD