What is the name of the indicator that has the maroon and green "X"s??
I'm not sure if I'm loading the wrong thing or if my charting software is giving me problems.
2009.06.09 STOPPING VOLUME
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TheRumpledOne
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TheRumpledOne
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TheRumpledOne
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Found this at Forex Factory
http://www.forexfactory.com/showthread. ... ost6723772
You cannot tell from the up/down price gyrations put on by the MMs when they are active
buying or selling, which it is. Other kinds of information must be added to the mix. Volume is unique information because it is not a technical that is a calculated derivative of price
information, as all other technical are. It is the one technical that can show you something
that no other technical can show you. It can show you the price areas the MMs are doing
most of their trading; at the higher prices, or at the lower prices. Is it any wonder that in the
forex market the volume information given to us is prostituted down to a count of trades
rather than a count of currency volumes traded? If we knew just how big some of the trades
were after prices were driven to lows or to highs, then we would be even more
knowledgeable about whether the MMs were bulls or bears.
Any volume chart can give enough information to reasonably figure this out, however.
Even though we don't know the size of trades, if the count of trades goes up, then we know
that was where the MMs wanted the price. If this is as a result of the price being driven low,
then we can conclude the MMs wanted the price low because trading increased at the lows.
And if that is the case, then the MMs are either closing shorts at the end of a Mark Down
phase, or they are opening longs as part of an Accumulation phase. If this is as a result of the
price being driven higher, then we can conclude the MMs wanted the price high because
trading increased at the highs. And it that is the case, then the MMs are either closing longs
at the end of a Mark Up phase, or they are opening shorts as part of a Distribution phase. In
other words, if the MMs run the price up and following that there is increased volume of
trades, then the MMs are bears, not bulls. If the MMs run the price down and following that
there is increased volume of trades, then the MM are bulls, not bears.
You see, bullish MMs do most of their Accumulation while price is in a range, before they
break the price up out of the range. Sometimes they even drop the price down out of the
range (called a head fake) to get lower prices for additional buying. Once they are loaded up
long, they are ready for a Mark Up run. Bearish MMs do most of their Distribution while price
is in a range, before they break the price down out of the range. Sometimes they even raise
the price up out of the range (called a head fake) to get higher prices for additional selling.
Once they are loaded up short, they are ready for a Mark Down run.
http://www.forexfactory.com/showthread.php?p=6723772#post6723772
http://www.forexfactory.com/showthread. ... ost6723772
You cannot tell from the up/down price gyrations put on by the MMs when they are active
buying or selling, which it is. Other kinds of information must be added to the mix. Volume is unique information because it is not a technical that is a calculated derivative of price
information, as all other technical are. It is the one technical that can show you something
that no other technical can show you. It can show you the price areas the MMs are doing
most of their trading; at the higher prices, or at the lower prices. Is it any wonder that in the
forex market the volume information given to us is prostituted down to a count of trades
rather than a count of currency volumes traded? If we knew just how big some of the trades
were after prices were driven to lows or to highs, then we would be even more
knowledgeable about whether the MMs were bulls or bears.
Any volume chart can give enough information to reasonably figure this out, however.
Even though we don't know the size of trades, if the count of trades goes up, then we know
that was where the MMs wanted the price. If this is as a result of the price being driven low,
then we can conclude the MMs wanted the price low because trading increased at the lows.
And if that is the case, then the MMs are either closing shorts at the end of a Mark Down
phase, or they are opening longs as part of an Accumulation phase. If this is as a result of the
price being driven higher, then we can conclude the MMs wanted the price high because
trading increased at the highs. And it that is the case, then the MMs are either closing longs
at the end of a Mark Up phase, or they are opening shorts as part of a Distribution phase. In
other words, if the MMs run the price up and following that there is increased volume of
trades, then the MMs are bears, not bulls. If the MMs run the price down and following that
there is increased volume of trades, then the MM are bulls, not bears.
You see, bullish MMs do most of their Accumulation while price is in a range, before they
break the price up out of the range. Sometimes they even drop the price down out of the
range (called a head fake) to get lower prices for additional buying. Once they are loaded up
long, they are ready for a Mark Up run. Bearish MMs do most of their Distribution while price
is in a range, before they break the price down out of the range. Sometimes they even raise
the price up out of the range (called a head fake) to get higher prices for additional selling.
Once they are loaded up short, they are ready for a Mark Down run.
http://www.forexfactory.com/showthread.php?p=6723772#post6723772
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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TheRumpledOne
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- Joined: Sun May 14, 2006 9:31 pm
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- Real name: Avery T. Horton, Jr.
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- Contact:
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