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XAO Technical Analysis

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Re: XAO Analysis

actually it works similar ----

just on a much lower time scale --- otherwise day traders would become week traders lol ----

we actually agree in principle Techno --- just living in different time frames
 
Re: XAO Analysis

tech/a said:
It gets a lot of people.
Its pretty simple excessive volume is 3x or more the 14 day SMA of volume.
.
Click to expand...

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?
 
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.
 
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.
 
Re: XAO Analysis

tech/a said:
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.
Click to expand...

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"
 

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  • CBA.jpg
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Re: XAO Analysis

As a comparison here are the Volume charts from Tradeguider and Mine as suggested on a metastock chart. Dont see any problems with yours.
 

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  • CBA VSA.jpg
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  • CBA.jpg
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Re: XAO Analysis

tech/a said:
Can you show me how Supply and Demand is displayed "differently" in an FX chart please.
Click to expand...

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
 
Re: XAO Analysis

Sounds like I gotta get on to this FX stuff!!
 
Re: XAO Analysis

tech/a said:
As a comparison here are the Volume charts from Tradeguider and Mine as suggested on a metastock chart. Dont see any problems with yours.
Click to expand...

Tech

It seems the appraoches yield the same sort of analysis
Thanks for the comparison.
Greatly appreciated!!
 
Re: XAO Analysis

tech/a said:
Sounds like I gotta get on to this FX stuff!!
Click to expand...

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
 
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.
 
Re: XAO Analysis

tech/a said:
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.
Click to expand...

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
 
Re: XAO Analysis

nunthewiser said:
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
Click to expand...

crashnburn i say
 
Re: XAO Analysis

Lets see if if the XAO is gonna close above this obtacle...

(click to expand)
 

Attachments

  • XAO 020109.png
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