XAO Technical Analysis
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Re: XAO Analysis
Tech
I have seen a 15 day moving average used in conjucntion with the upper bollinger band of a 20 day MA of volume.
When volume spikes beyond the 20 day band this is considered excessive.
Your thoughts?
Tech
I have seen a 15 day moving average used in conjucntion with the upper bollinger band of a 20 day MA of volume.
When volume spikes beyond the 20 day band this is considered excessive.
Your thoughts?
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Re: XAO Analysis
lol, I'm not exactly sure what you mean. But yeh, your really just looking for imbalances between supply and demand over a very short time-frame. If a level is being defended, you want to try and work out if it will be broken or will price trade away from it (or as in most cases, it will be broken and then price will trade away from it
). Sometimes when some HUGE size appears and there is not a hard push to break it, but neither is there much selling to really push price away from it, price will hit it, come off a little, hit it again, and you can just place your order one tick infront of it and take the flicks back and forth. No real rules, everything works and everything doesn't!
But yes, by watching the DOM, all you are trying to do is work out how the big guys are playing the game as you said. If there is excessive volume but price is still moving, then who cares? Lot of sellers but also a lot of buyers. Doesn't mean buyers will stop or that sellers will overwhelm them, regardless of where you are in the trend. It's always dynamic, completely depends on that exact scenario.
I would say most intraday futures traders do so simply for the $$$ they can control at such a small % of brokerage. Though, I've heard there are plenty of guys who trade NASDAQ stocks intraday.
But generally, my belief, is each index, currency pair, commodity, whatever, will have it's own group of large players, with their own styles and personalities, and hence each instrument will act slightly different to the other.
bludy hard to put into words what im thinking on this ---- try again
Therefore (FINALLY !! ) those who can read the DOM correctly (not me) can gain a big advantage by sniffing out how the deep pockets are playing the game ---
AND thats why index and FX traders trade short term and stock traders look to higher time frames cause thats what the deep pockets do --- yes? no?
lol, I'm not exactly sure what you mean. But yeh, your really just looking for imbalances between supply and demand over a very short time-frame. If a level is being defended, you want to try and work out if it will be broken or will price trade away from it (or as in most cases, it will be broken and then price will trade away from it
). Sometimes when some HUGE size appears and there is not a hard push to break it, but neither is there much selling to really push price away from it, price will hit it, come off a little, hit it again, and you can just place your order one tick infront of it and take the flicks back and forth. No real rules, everything works and everything doesn't! But yes, by watching the DOM, all you are trying to do is work out how the big guys are playing the game as you said. If there is excessive volume but price is still moving, then who cares? Lot of sellers but also a lot of buyers. Doesn't mean buyers will stop or that sellers will overwhelm them, regardless of where you are in the trend. It's always dynamic, completely depends on that exact scenario.
I would say most intraday futures traders do so simply for the $$$ they can control at such a small % of brokerage. Though, I've heard there are plenty of guys who trade NASDAQ stocks intraday.
But generally, my belief, is each index, currency pair, commodity, whatever, will have it's own group of large players, with their own styles and personalities, and hence each instrument will act slightly different to the other.
tech/a
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Re: XAO Analysis
Mazz.
How close is that to the suggestion I have posted.
I got this from Radge when he was looking at volume.
It fits pretty well with tradeguiders Volume bands thats why I have adopted it.
Mazz.
How close is that to the suggestion I have posted.
I got this from Radge when he was looking at volume.
It fits pretty well with tradeguiders Volume bands thats why I have adopted it.
Re: XAO Analysis
actually i should qualify that statement ---- FX trades different to stocks --- index actually trades similar to stocks --- my apologies.
yes it does
actually i should qualify that statement ---- FX trades different to stocks --- index actually trades similar to stocks --- my apologies.
tech/a
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Re: XAO Analysis
Can you show me how Supply and Demand is displayed "differently" in an FX chart please.
Can you show me how Supply and Demand is displayed "differently" in an FX chart please.
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Re: XAO Analysis
Tech
I've attached recent EOD CBA chart
Those touching the blue line are considered excessive
It seems as though what I have proposed seems to classify more "excessive volume bars"
Tech
I've attached recent EOD CBA chart
Those touching the blue line are considered excessive
It seems as though what I have proposed seems to classify more "excessive volume bars"
Attachments
tech/a
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Re: XAO Analysis
Tech ill post a cupla charts on the Curtis thread cause they are prob more appropriate there but i will say im not trying to discredit the way you trade in any way ---- to the contrary --- which i thought would have been obvious in a couple of my posts
to clarify ---- i use volume for confirmation quite often in my 'narrow' world of trading but i can trade FX quite comfortably without it ---
y is that? because FX is a squillion dollar beast --- what might be considered excessive volume an a given day or more to the point , in any given hour or even minute ---- will turn out to be minuscule volume half an hour later --- im sure you get my point --
therefore u r right in the sense that it is still supply and demand but it behaves in different ways and time frames to stocks etc ---- ie one stock cycle (in time) might contain ten FX cycles ---- thats y traders luv it -- it is a T/A orientated traders dream ----- if u get it right lol
im not discounting the S/D but from my own humble experience, if yr gona trade FX u can quite comfortably put the VSA to one side and just trade the momentum ----- all just my opinion and should be taken with a grain of salt till people prove it for themselves ---
hope that clears up my position a bit ---- no agro from this little fella --- unless you say bad stuff about my MUM lol
Tech ill post a cupla charts on the Curtis thread cause they are prob more appropriate there but i will say im not trying to discredit the way you trade in any way ---- to the contrary --- which i thought would have been obvious in a couple of my posts
to clarify ---- i use volume for confirmation quite often in my 'narrow' world of trading but i can trade FX quite comfortably without it ---
y is that? because FX is a squillion dollar beast --- what might be considered excessive volume an a given day or more to the point , in any given hour or even minute
---- will turn out to be minuscule volume half an hour later --- im sure you get my point --therefore u r right in the sense that it is still supply and demand but it behaves in different ways and time frames to stocks etc ---- ie one stock cycle (in time) might contain ten FX cycles ---- thats y traders luv it -- it is a T/A orientated traders dream ----- if u get it right lol
im not discounting the S/D but from my own humble experience, if yr gona trade FX u can quite comfortably put the VSA to one side and just trade the momentum ----- all just my opinion and should be taken with a grain of salt till people prove it for themselves ---
hope that clears up my position a bit ---- no agro from this little fella --- unless you say bad stuff about my MUM lol
tech/a
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Re: XAO Analysis
Sounds like I gotta get on to this FX stuff!!
Sounds like I gotta get on to this FX stuff!!
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Re: XAO Analysis
Tech
It seems the appraoches yield the same sort of analysis
Thanks for the comparison.
Greatly appreciated!!
Tech
It seems the appraoches yield the same sort of analysis
Thanks for the comparison.
Greatly appreciated!!
Re: XAO Analysis
in all seriousness Tech ----- someone with yr proven T/A track record only needs a little screen time on FX and u would probably have it 4 breakfast --- ive been kinda saying this in a round about fashion for a week or so on different threads but i think u may have thought i was questioning yr current methods as iffy ---- uh uh !! --- just offering a different perspective
actually with yr stock background i think index trading would be yr best bet for short term stuff but youll work that out yourself ---
ill take a bet with you actually ---- once you try index trading seriously (not talking scalping either --- swing or even position trades or whatever) you will only buy stocks as an investment vehicle in the future
in all seriousness Tech ----- someone with yr proven T/A track record only needs a little screen time on FX and u would probably have it 4 breakfast --- ive been kinda saying this in a round about fashion for a week or so on different threads but i think u may have thought i was questioning yr current methods as iffy ---- uh uh !! --- just offering a different perspective
actually with yr stock background i think index trading would be yr best bet for short term stuff but youll work that out yourself ---
ill take a bet with you actually ---- once you try index trading seriously (not talking scalping either --- swing or even position trades or whatever) you will only buy stocks as an investment vehicle in the future
tech/a
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Re: XAO Analysis
Have started a thread Forex For dummies.(Me actually) on the Forex Board.
Appreciate any help.
Your bet will probably be a sure thing as I have been told this B4.
Time to get educated me thinks.
in all seriousness Tech ----- someone with yr proven T/A track record only needs a little screen time on FX and u would probably have it 4 breakfast --- ive been kinda saying this in a round about fashion for a week or so on different threads but i think u may have thought i was questioning yr current methods as iffy ---- uh uh !! --- just offering a different perspective
actually with yr stock background i think index trading would be yr best bet for short term stuff but youll work that out yourself ---
ill take a bet with you actually ---- once you try index trading seriously (not talking scalping either --- swing or even position trades or whatever) you will only buy stocks as an investment vehicle in the future
Have started a thread Forex For dummies.(Me actually) on the Forex Board.
Appreciate any help.
Your bet will probably be a sure thing as I have been told this B4.
Time to get educated me thinks.
Re: XAO Analysis
haha im still a dummy too lol ... but if i knew what i know now 2 years ago i would have a serious capital base to work off now ----
best advice if u wanna have a crack at FX ------ Demo accounts ----- but treat them seriously (which i know u will) --- heck im still trading with CFD providers cause thats all i can afford atm --- no misconceptions about my place in the pecking order but i have done about 2,500 hours screen time in the last 12 months mainly on the EUR/USD ---- thats where id concentrate ---- low spread with most providers and VERY liquid market
http://www.forexfactory.com/ ----- good place to start (im sur Joe wont mind cause its not really in competition with ASF
haha im still a dummy too lol ... but if i knew what i know now 2 years ago i would have a serious capital base to work off now ----
best advice if u wanna have a crack at FX ------ Demo accounts ----- but treat them seriously (which i know u will) --- heck im still trading with CFD providers cause thats all i can afford atm
--- no misconceptions about my place in the pecking order but i have done about 2,500 hours screen time in the last 12 months mainly on the EUR/USD ---- thats where id concentrate ---- low spread with most providers and VERY liquid market http://www.forexfactory.com/ ----- good place to start (im sur Joe wont mind cause its not really in competition with ASF
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Re: XAO Analysis
crashnburn i say
personally think we due some red , unsustainable rises on weak volumes always give me a nice lil warm fuzzy feeling
will be looking towards entering shorts at some point tommorow
lol hey i could always be wrong too
crashnburn i say
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chops_a_must
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Re: XAO Analysis
Geez... that's very bearish price action today...
Geez... that's very bearish price action today...
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Re: XAO Analysis
Yeh, there were a few buyers in there too today, at certain times, but they just got eaten alive!
Yeh, there were a few buyers in there too today, at certain times, but they just got eaten alive!
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