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]

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.

I don’t understand.. I showed your chart and then underneath the CC “currency strength” indicator which looks very much identical to yours. And that one is based on the simple MA and no complex calculations involving volume or anything.

Also in forex, there is no volume. Good luck finding volume. Do you think the actual central bank and big…[Read more]

Maybe its not just a coincidence.. this is the first time I have looked at it from a M5 chart. This speaks of the amount of time I have for forex development these days.. haha

You have the GBPUSD on chart.

Yeah, Ok… It’s an index… whatever…

Try to mimic GBPUSD price and you’ll get different results, but you know best…

BTW: no matter what the indie tells you, without volume price action will go nowhere.

I’ll stick to this shitty “price” indie…

G.

I’m not sure if this is just a coincidence but this is what my indicator seem to have shown for USDCAD before the huge long spike.. Pretty difficult to imagine..

If this is not a coincidence, this is exactly what I would want a currency strength indicator to show, when the market is flat, to which direction all the other currencies are pulling…[Read more]

I’m not sure if this is just a coincidence but this is what my indicator seem to have showed for USDCAD before the huge long spike.. Pretty difficult to imagine..

If this is not a coincidence, this is exactly what I would want a currency strength indicator to show, when the market is flat, to which direction all the other currencies are pulling…[Read more]

Can you show me the result of the following [ GBP (red) – USD (green) ]. I bet it will look just like GBPUSD, hence it being a index based indicator and not strength. Also I don’t see anything other than what I see in the chart already. When both are flat, the currency is flat, only when one is increasing and the other is decreasing is it moving.…[Read more]

Can you show me the result of the following [ GBP (red) – USD (green) ]. I bet it will look just like GBPUSD, hence it being a index based indicator and not strength. Also I don’t see anything other than what I see in the chart already. When both are flat, the currency is flat, only when one is increasing and the other is decreasing is it moving.…[Read more]

The results (for those who “guessed” correctly…):

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