Yes, of course I completely agree. I never said that it isn’t an indicator. Therefore its the only indicator that I need unless there is an indicator that can tell me something more than what this indicator already tells me. If you got something, I would love to see it.. mind sharing it?

LearnAlways,

You should setup this indie at the start of a day or start of a session (broker’s time) to work properly.

“Market Profile” or “Market Statistics” & VWAP is too big subject, with many details, to explain here.

Good (and entertaining …) videos on the subject can be found here (mostly SWF…[Read more]

LearnAlways,

“Market Profile” or “Market Statistics” & VWAP is too big subject, with many details, to explain here.

Good (and entertaining …) videos on the subject can be found here (mostly SWF format):

http://www.traderslaboratory.com/forums/market-profile/2008-trading-market-statistics-iii-basics-vwap.html

G.

Isn’t by plainly looking at candlestick height (pips) the same as market profile??? If so why then do we need to put market profile, I mean what is the purpose or objective? Sorry to ask as my chart is full of indicators thus I like to ask myself this kinda question before putting one, to make it simpler. [/quote]

candlestick doesnt show you w…[Read more]

Haha, you got me, very funny . I thought u got some secret weapon. Q) What does VWAP stands for??? [/quote]

VWAP = Volume Weighted Average Price.

It’s a measure of at what price is the largest volume of trades right now.

You can see it in every decent “Market Profile” or Market Statistics” indicator for MQ4.

G.

I was joking…

Even if you connect to interbank network – 1 MINIMAL lot is 5 milion. USD.

That’s why banks doesn’t want us as direct customers and rather deal with brokers as a pool of tradedrs and to manage their margin.

G.

You won’t see indicators there, because they don’t really “trade”.

They have orders to buy or sell $XXX according to their customers need, and don’t have much choice.

The only thing they need to do is to buy or sell at the best price within their time limit.

On large orders – they will manipulate the market. If they need to buy 50 milion USD,…[Read more]

You won’t see indicators there, because they don’t really “trade”.

They have orders to buy or sell $XXX according to their customers need, and don’t have much choice.

The only thing they need to do is to buy or sell at the best price within their time limit.

On large orders – they will manipulate the market. If the need to buy 50 milion USD,…[Read more]

Yes, bypass the broker and connect directly to interbank stream.

It costs a few $K per month, but worth every penny….

G.

Align them to fit this…

G.

The banks see “true” interbank prices from various sources (fractional differences between them).

The broker receive his liquidators (banks) prices + premium. Those prices are, again, slightly different from one another according to different banks, bids and Ask.

The broker shows you the more and most “expensive” prices and adds his premium…[Read more]

Brother, You may look at wikipedia for further information and explanations.  Maybe start with ‘trading room’ for search key…

MTH

No Brother,  that only visualization example of strength interaction between two currencies in pair to create final form of direction bias.  In the OHLC format of information, the summary of all these interactions is only 2 state (from the movement point of view).

1.   from Open goes to High first, then to Low and then to Close  that mean…[Read more]

No Brother,  that only visualization example of strength interaction between to currencies in pair to create final form of direction bias.  In the OHLC format of information, the summary of all these interactions is only 2 state (from the movement point of view).

1.   from Open goes to High first, then to Low and then to Close  that mean…[Read more]

Just my own personal Opinion;

Naked chart IS an Indicator…

Yes, 100% correct..  What you see in your retail trading platform whatever is candlestick chart, line chart, bar chart, renko chart, constant range bar chart,kagi chart, point and figure chart, mountain chart, tick chart, 3 line break chart, etc.. are visualization attempt of what…[Read more]

Just Adding ‘spicy’ to this great discussion…

MTH

Just Adding ‘spicy’ to this great discussion…

MTH

Take a closer look – cc you posted is not the same…

Look at the far left when in mine GBP crosses the USD and yours doesn’t, and a bunch of other diffs…

G.

Naked chart IS an indicator !

Do you think that banks look at the same chart as yours? when was the last time you visited a major bank trading room?

As to different opinions on something: that’s perfectly Ok with me. What makes me wonder about others opinion is how they come to “definit” conclusion of things are built or constructed without…[Read more]

Here you can “play” the LONG GBP against everyone else, before price action.

BTW: another subjct: I already found volume, take a look at KIAD’s TickVolume.

G.