Support/resistance levels. How do I identify them? - page 8
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
I think it's a simple task to calculate volumes in the stock market....
But in forex... How do you propose to estimate the VOLUMES... Where can we get the total volume data in forex and not in a separate DC...?
What is the reliability of forex volume information...?
A lot of strategies developed based on mythical forex volumes... But it's not surprising - all dumb strategies are very much promoted by advertising, especially with the help of DCs...
Volumes on forex total - Bank for International Settlements - BIS , three years BIS reports. The question is in which direction the market moves - a synthetic product that takes into account the realities of world trade, the % of currencies involved in this process , lobbying ( supporting ) their own currencies - sanctions political risks .
Volumes on forex are total - Bank for International Settlements - BIS, three years of BIS reports. The question is in which direction the market is moving - a synthetic product that takes into account the realities of world trade, the % participation of currencies in this process, lobbying (supporting) their own currencies - sanctions political risks.
I think it is a simple task to calculate the VOLUMES in the stock market....
But in forex... How do you propose to estimate VOLUMES?...Where can we get total volume data in forex and not in a separate DC...?
SME futures
CME futures
If the properties are of interest, you can continue the discussion.
Yes, Alexey. It is the properties we are interested in. Can you tell us about them, please?
So I first want to understand what C/P levels are, how they are on the chart, and define them to close the question.
I don't know the exact causes of levels, but I do know one thing. Price is less likely to be on the level line, and longer between levels. The area/range of a level is almost the exact price, plus or minus a few pips.
And there is another property, levels often coincide with round prices. Or are close to them.
Perhaps futures give NOTHING about volumes... But that is a OTHER market..., and I suspect that that information is not good for forex decision making...
I don't know the exact causes of levels, but I do know one thing. Price is less likely to be at the level line, and longer between levels. The area/range of a level is almost the exact price, plus or minus a few pips.
And there is another property, levels often coincide with round prices. Or are close to them.
No way???? Really???
Michael, I'm sorry, I don't understand you. Do you agree with what I wrote or vice versa? Can you elaborate on your point?
I didn't say anything about the level being on the round price being untouchable. It's just that the price appears less frequently here. Probably for the reason you mentioned, i.e. price makes noise between levels and at a level it may turn or shoot further.
Also the level may not be at a round price. I don't see any contradiction with your statement.