FOREX - Trends, Forecasts and Implications (Episode 16: June 2012) - page 32
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So, we have a divergence in volume, a possible pullback:
Mdya the inverted G-P continues to develop to the measured target of 1.2570, only it's not a shame that without the retest of the neck at 1.2445. Let's wait for her mum... And one more thing: 1.2570 is not a level, the ceiling is not a ceiling, but 1.2670 is a well-defined horizon. I'll pull in this direction with a stop loss at 1,2419
Don't use 1 terminal because every brokerage house has different volumes
Never use the volumes that the terminal shows.
Mdya the inverted G-P continues to develop to the measured target of 1.2570, only it's not a shame that without the retest of the neck at 1.2445. Let's wait for her mum... And one more thing: 1.2570 is not a level, the ceiling is not a ceiling, but 1.2670 is a well-defined horizon. I'll pull in this direction with a stop loss at 1,2419
This is the level.
So, we have a divergence in volume, a possible pullback:
kind of like we're hitting a trendline-break.
Volumes discourage people - you can't get it anywhere/you have to look for it, you can't figure out the price, and you have to deal with volumes... for various reasons (laziness mostly, of course).
The answer to the problem is simple: extremes and volumes have a direct correlation.
PS the red/green arcs are just those connections.
What was the link for?
http://ruforum.mt5.com/threads/4022-platforma-thinkorswim
Don't use 1 terminal because every brokerage house has different volumes
The terminal has no volumes at all, - and what it calls VOLUME -= how many ticks in a given bar.