Attachments: Flying Dutchman

Flying Dutchman

#11,941
May 31, 2026 12:27am May 31, 2026 12:27am

Guy.Baker
| Joined May 2026 | Status: Darwinex(VRHD) | 89 Posts

Quoting TimeTells

Disliked

{quote} Hi G.B This might assist. Here is an explanation of some of the differences between quantitative observation and qualitative observation. Each to their own. https://www.scribbr.com/methodology/...e-observation/ https://www.scribbr.com/methodology/...e-observation/ There is not really a right or wrong imo or better or worse. Just preference. A bit like what football team you support (or political party ) My reasons are stated as clearly as I could regarding manual discretionary observational trading....

Ignored

Thanks.

#11,942
May 31, 2026 2:33am May 31, 2026 2:33am

Guy.Baker
| Joined May 2026 | Status: Darwinex(VRHD) | 89 Posts

Quoting bluesteele

Disliked

And how do they verbalize that ?.

Ignored

This is insightful in my view, recognising that to quantify something it first must be turned into words. That is the point, wow, I really learned something today, whether I can do anything with this new knowledge is another thing, but I now have a much better understanding of what it means to be a discretionary trader.

How do we differentiate between "gut feelings" driven by fear or greed and those produced by extensive subconscious experience ? is that, at least, quantifiable?

#11,943
May 31, 2026 6:26pm May 31, 2026 6:26pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,591 Posts

And so the new day, week & month begins

Happy winter

to us in the Sth Hemisphere and happy summer

to those in the north

Trade safe & trade well all

USDJPY

.

Attached Image (click to enlarge)

#11,944
May 31, 2026 8:21pm May 31, 2026 8:21pm

whitesta
| Joined Aug 2018 | Status: Trader | 520 Posts

@Timetells Good Morning,

I just placed a small trade. Trying something on 1 minute time frame. Worked out ok. Used Daily Open as a trigger and next Round number as exit. Waited an hour after Tokyo for momentum. I have attached the chart. Any input from you would be appreciated. Positive or Negative..lol

Regards

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.webp
Size: 15 KB

#11,945
May 31, 2026 8:45pm May 31, 2026 8:45pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,591 Posts

Quoting whitesta

Disliked

@Timetells Good Morning, I just placed a small trade. Trying something on 1 minute time frame. Worked out ok. Used Daily Open as a trigger and next Round number as exit. Waited an hour after Tokyo for momentum. I have attached the chart. Any input from you would be appreciated. Positive or Negative..lol Regards {image}

Ignored

Hi W,

Looked a good clean entry to me pal ... from attractor TO attractor, well done.

I am a bit more conservative myself these days now as you know (I was more aggressive years ago),
And I don't want to hinder you from taking these trades (which I may have done a few days ago on GJ hahaa - sorry but that's me)

So I would usually myself wait now

for a retrace (hopefully) which was the 15m arrow candle below (your entry was at the small candle one prior)

BUT
I would suggest to do exactly what YOU do, not what someone else (ie me) thinks.
You are the Trader
We live or die on our OWN trades not someone elses if you know what i mean.

YOUR trade overview from me was = "good clean entry at logical spot, sat through the retrace, and then TP" so VERY WELL DONE
(keep playing & observing on the 1min, its all the same as 15m, just broken down into smaller slots)
(as an aside, using the 1min, if you ever put up a pvsra vol indi you will see that things happened around your entry point, and again at mine later at the retrace)

GBPJPY

.

Attached Image (click to enlarge)

#11,946
May 31, 2026 9:51pm May 31, 2026 9:51pm

whitesta
| Joined Aug 2018 | Status: Trader | 520 Posts

@Timetells (as an aside, using the 1min, if you ever put up a pvsra vol indi you will see that things happened around your entry point, and again at mine later at the retrace)

GBPJPY . {image}[/quote]

Hi Timetells,

I managed to find this indicator and applied to the chart. Not sure if it is the right indicator, though. There was some action in the indicator.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.webp
Size: 30 KB

#11,947
Edited 10:32pm May 31, 2026 10:06pm | Edited 10:32pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,591 Posts

Quoting whitesta

Disliked

@Timetells (as an aside, using the 1min, if you ever put up a pvsra vol indi you will see that things happened around your entry point, and again at mine later at the retrace) GBPJPY . {image}

Ignored

Hi Timetells, I managed to find this indicator and applied to the chart. Not sure if it is the right indicator, though. There was some action in the indicator. {image}[/quote]

Yep, looks just the same as mine W

Reminder, these are not real volume like Kev & the futures trading gang will have. These are mt4 tickvol so are essentially just an activity counter.
As far as I know, one trade could be 0.1 lots and generate a single tick and the next trade could be 1.0 lots and still generate just one tick.
But it does show some increased market interest that we can observe.

ps I don't have pva on any other timeframe but the 1 min. Up to others to examine it (edit: I mean other timeframes) for themselves.
And. I don't use it for any specific trade entry, I go back to visual PA to establish that.

all the best

#11,948
Jun 1, 2026 1:19am Jun 1, 2026 1:19am

whitesta
| Joined Aug 2018 | Status: Trader | 520 Posts

Reminder, these are not real volume like Kev & the futures trading gang will have. These are mt4 tickvol so are essentially just an activity counter. As far as I know, one trade could be 0.1 lots and generate a single tick and the next trade could be 1.0 lots and still generate just one tick.

Hi Timetells,

Yes i totally agree that these volume on MT4 are not reliable. Basically its just broker volume or ticks. No central market. As u mentioned it can show a bit of action when price enters or exits a certain location. We still need lots of other filters to validate that zone. It can be a small filter in 1 minute time frame. What the other participants are doing at that location is what we really need to know and how hard the sellers or buyers are trying to move the price. Never easy but at times big players just show up, maybe cos they are in a rush..lol.

#11,949
Jun 1, 2026 6:35am Jun 1, 2026 6:35am

Guy.Baker
| Joined May 2026 | Status: Darwinex(VRHD) | 89 Posts

Quoting TimeTells

Disliked

{quote} Hi Timetells, I managed to find this indicator and applied to the chart. Not sure if it is the right indicator, though. There was some action in the indicator. {image}Yep, looks just the same as mine W Reminder, these are not real volume like Kev & the futures trading gang will have. These are mt4 tickvol so are essentially just an activity counter. As far as I know, one trade could be 0.1 lots and generate a single tick and the next trade could be 1.0 lots and still generate just one tick. But it does show some increased market interest that we can observe. ps I don't have pva on any other timeframe but the 1 min. Up to others to examine it (edit: I mean other timeframes) for themselves. And. I don't use it for any specific trade entry, I go back to visual PA to establish that. all the best

Ignored

I'd really like to look into using volume in my algos, is it possible to get the futures volume into MT some how?

#11,950
Jun 1, 2026 4:32pm Jun 1, 2026 4:32pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,591 Posts

Quoting Guy.Baker

Disliked

{quote} I'd really like to look into using volume in my algos, is it possible to get the futures volume into MT some how?

Ignored

Hi GB

Futures is something I have no experience of trading sorry.

I did a quick Browser AI search on your question and this was the reply received.

"""""
Yes, it is possible to access futures volume data in MetaTrader 4, but it requires external workarounds because MT4 natively only provides tick volume for Forex CFDs.
To implement this in algorithms, you must bridge the gap between centralized futures exchanges and the decentralized Forex data feed:

External Data Feeds: Traders use Expert Advisors (EAs) to scan futures markets (like CME’s 6E for EUR/USD) and write the real volume data into local files or memory. Custom indicators then read these files to display or use the data within MT4.
Platform Limitations: MT4 lacks a backend for real-time Level 2 data. You cannot simply change a broker setting; you must actively pull data from a futures feed (which often costs ~$30/month for CME data) and import it.
Correlation: Since spot Forex volume is untrackable, tick volume (price changes) is used as a proxy. It correlates at 90-95% with actual futures volume, making it effective for relative comparisons, though it lacks the absolute precision of true contract volume.
Alternative Platforms: If native integration is too complex, MetaTrader 5 and platforms like TradingView offer more direct access to real futures volume data, often with better API support for algorithmic trading. """"

There may well be Forum Threads right here on FF where the information you seek can be answered
all the best

#11,951
Jun 1, 2026 4:49pm Jun 1, 2026 4:49pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,591 Posts

Day One of the New Month completed, with little major volatility.
Day Two commences.
Trade safe & trade well all

USDJPY

.

Attached Image (click to enlarge)

#11,952
Jun 2, 12:57am (45 hr ago) Jun 2, 12:57am (45 hr ago)

birdland
Joined Aug 2010 | Status: absolute beginner | 5,463 Posts

forex markets have trading volumes 70 to 100 times greater than those of futures markets. That is why I doubt the significance of these volumes. But I could be wrong.

trading is like dancing, don't think and just listen to the music!