Demo account

VSATrader · Aug 29, 2005

Hi All,

I set up a demo account and if I am sucessful, then I will do this for real. I only use trend lines and old highs/lows. No T/A of Gann/Fib. I have traded Futures for many years and have recently opened up to FX.

VSATrader

Trader333 · Aug 29, 2005

I am curious to know if the bottom chart is volume and if so how as I have always thought volume could not be charted for FX and if not volume then what is it ?

Paul

VSATrader · Aug 30, 2005

Trader333 said:
I am curious to know if the bottom chart is volume and if so how as I have always thought volume could not be charted for FX and if not volume then what is it ?

Paul

Hi Paul;

I have a program that collects tick volume, which is not the same as real volume, but is a fair substitute for what we do not have. I tested it with futures (SP Emini) and it is quite accurate. Works with any program with DDE link.

Regards VSATrader

Trader333 · Aug 30, 2005

VSATrader,

Thanks you have now got me thinking about this whole area for FX.

Paul

Anonymous · Aug 30, 2005

When FX is traded by banks worldwide (and not by any particular company or Exchange), which bank's volume will you be using to get anywhere near an estimate of the daily worldwide volume?

VSATrader · Aug 30, 2005

Anonymous said:
When FX is traded by banks worldwide (and not by any particular company or Exchange), which bank's volume will you be using to get anywhere near an estimate of the daily worldwide volume?

Hi Anonymous,

The answer to your question is that I'm not taking any one banks volume, but taking a representation of the whole market based on price movment. I think it works very well considering that no volume is offered. It is the result of the thoughts and emotions, hopes and fears of all the traders in the market that I am intrested in, and what happens when this funnels down to an imbalance in supply and demand, this is when I am poised to make my move and follow the professional money in harmony with the path of least resistance. Tick volume helps me come to that conclusion.

Regards VSATrader

dbphoenix · Aug 30, 2005

VSATrader said:
Hi Paul;

I have a program that collects tick volume, which is not the same as real volume, but is a fair substitute for what we do not have. I tested it with futures (SP Emini) and it is quite accurate. Works with any program with DDE link.

Regards VSATrader

This is not dissimilar from what Wyckoff called "trading activity", but I hope you have better luck in getting this across than I have

There is only to focus on the speed or pace of the move, the ease of the move, and the extent of the move rather than on what most people think of as "volume".

--Db

Anonymous · Aug 30, 2005

"trading activity"

Do you mean as in volatility?

dbphoenix · Aug 30, 2005

I don't know. How are you defining "volatility"?

--Db

VSATrader · Aug 31, 2005

GBP Bottomed out

Following a test of a previous low, and after bouncing off that low. I decided to go long. This is a DEMO account, but if it works, then I will open a real account.

Lets see how it pans out

Long 1.7855

Stop 1.7839

Regards VSATrader

VSATrader · Aug 31, 2005

VSATrader said:
Following a test of a previous low, and after bouncing off that low. I decided to go long. This is a DEMO account, but if it works, then I will open a real account.

Lets see how it pans out

Long 1.7855

Stop 1.7839

Regards VSATrader

Position closed out for a small profit, I have decided to wait for a better opportunity.

Thanks for looking

Regards VSATrader

Anonymous · Aug 31, 2005

How are you defining "volatility"?

Let's say you're sitting on that flying machine. It's moving. It's moving faster. It's moving faster and faster. It's moving faster and faster and faster!

And you say to yourself: "I feel the need for speed!" And vroom! zoom! zoom! zoom! you go. Then it slows down, slows down, slows down. Then vrooomm! Up you go again!

And you feel the adrenaline, you feel the blood going up to your head. "I need action! Action, man! Action!" you think to yourself.

VSATrader · Sep 9, 2005

Open trade GBP/USD

Opened a short trade selling GBP short, so far so good. The GBP is in a down trend an I think there is enough resistance to keep me in on this down trend. Got in earlier than I wanted as I had to go out.
Thought you might like to see my progress.

Regards VSATrader

Tomerep · Sep 9, 2005

JumpOff · Sep 9, 2005

Trader333 said:
I am curious to know if the bottom chart is volume and if so how as I have always thought volume could not be charted for FX and if not volume then what is it ?

Paul

Here is what it looks like from MyTrack in Sierra. I don't know what kind of vol this is - I asked Mytrack and they never answered. It does seem to correlate with "tick price changes per unit of time" if you are watching a tick screen.
JO

VSATrader · Sep 14, 2005

Short USD/JPY

Hi all;

My previous stop on this trade was caught, and so I have waited untill the USD hs broken it's uptrend and confirmed weakness at this level.

Short @ 110.15

I'll add my stop later

Regards VSATrader

Texas_Hedge · Sep 14, 2005

Staying Power..The sign of a good trader.

Tex

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