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Any Volume spread analysis / Wyckoff traders?

Nov 22, 2013 at 17:40
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99 Replies
Member Since Nov 02, 2009   85 posts
Nov 29, 2013 at 05:34
felotus posted:


What you have to look at for market manipulation is the WM/Reuters rate that happens between 3pm and 4pm, where most banks are being sued by the SEC. They gather on a bloomberg chat and talk about their clients stop loss (hence the lawsuit). Oh... just read your message, yeah so we're talking about the same thing, it's a well-known thing. Just look at the moves between 3 and 4pm eurusd and do the opposite to fade it, it'll work 80% of the time.



Do you have some examples of that? I've been thinking in this very much. Why do you think it happens between that gap in time?
Preservation of capital and home runs.
Member Since Nov 02, 2009   85 posts
Nov 29, 2013 at 05:43
Crazy and unusual spike in volume in the middle of the Asian session, seems to me like Smart Money was very bullish. The price shooted upwards a bars later after that situation. Btw, I moved my SL to the low of that bar, locking in some 70+ pips in this one.

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Preservation of capital and home runs.
Member Since Mar 29, 2012   192 posts
Nov 29, 2013 at 13:24
Rubn posted:
Thalantas posted:


I really need to find again this website. Some guy offering an internet platform to see the SL and TP of the retail traders of a Forex Broker (he won't give which broker are letting him leech the data).

He asks a monthly subscription in exchange but I bet this could strengthen your system.

Really?? 😲
Are you sure is not a type of scam? I don't think brokers/dealers would reveal real info that easy😲

Found it !!

https://forex.asolutions.ee/EN/impulse-trader

I sent them an email asking for the name of the broker giving the data feed and they wouldn't disclose it.
The website is ending in .EE (Estonia) I assume that they use a feed from some Eastern Europe broker, possibly Russian. Anyway it seem a bit foggy, you'd have to take a trial and simply try and see for yourself I guess.
A smooth sea never made a skillful sailor.
Member Since Nov 02, 2009   85 posts
Nov 29, 2013 at 14:40
Thalantas posted:

Found it !!

https://forex.asolutions.ee/EN/impulse-trader

I sent them an email asking for the name of the broker giving the data feed and they wouldn't disclose it.
The website is ending in .EE (Estonia) I assume that they use a feed from some Eastern Europe broker, possibly Russian. Anyway it seem a bit foggy, you'd have to take a trial and simply try and see for yourself I guess.

Thanks man! 😁

Im checking it out, hmmmmm I don't know, seems very very weird to me. Do they answered your question yet? I don't think this is even legal lol 😲
Preservation of capital and home runs.
Member Since Mar 29, 2012   192 posts
Nov 29, 2013 at 14:41 (edited Nov 29, 2013 at 14:46)
I think brokers are free to do whatever they want with their customer's data (at least in Russia) so this could be possible. Also the guy could be making up all this data and randomizing part of it...

Yeah they did reply in less than 24h! Shoot your questions but I bet they won't give you the broker name! Keep me posted, I'm really curious to know more about them.

EDIT: about the data don't get me wrong, no brokers in the world can give out your passport, ID, proof of residence...Etc (obviously). I'm thinking more about something like Facebook who sells the 'tendency of their customers' in a anonymous way.
A smooth sea never made a skillful sailor.
Member Since Nov 02, 2009   85 posts
Nov 29, 2013 at 14:46
Ok, im going to ask them some questions, why do you think they don't give broker's name? Im very curious about this! 😲
Preservation of capital and home runs.
Member Since Sep 11, 2012   53 posts
Nov 29, 2013 at 21:18
A broker who would throw out data like this would probably be found guilty of assistance of insider trading.

So it's probably an algorithm that scans the market depth and see what sizes are being taken.

Whether it's an algorithm or true broker data, you always have to ask yourself why they would give it away, or even sell it away?

If I had such information and if it was accurate, I would probably start a fund and raise millions, instead of selling 100$ memberships ;)
I work in a hedge fund.
Member Since Sep 11, 2012   53 posts
Nov 29, 2013 at 21:19
Rubn posted:
felotus posted:


What you have to look at for market manipulation is the WM/Reuters rate that happens between 3pm and 4pm, where most banks are being sued by the SEC. They gather on a bloomberg chat and talk about their clients stop loss (hence the lawsuit). Oh... just read your message, yeah so we're talking about the same thing, it's a well-known thing. Just look at the moves between 3 and 4pm eurusd and do the opposite to fade it, it'll work 80% of the time.



Do you have some examples of that? I've been thinking in this very much. Why do you think it happens between that gap in time?
Look EURUSD at 3-4 PM london time, most of the time you will see a clear juda swing and then a fade, within the next 1-2 hours
I work in a hedge fund.
Member Since Nov 02, 2009   85 posts
Nov 29, 2013 at 23:23 (edited Nov 29, 2013 at 23:24)
Felotus posted:

Look EURUSD at 3-4 PM london time, most of the time you will see a clear juda swing and then a fade, within the next 1-2 hours

I will study this over the weekend. Thanks, mate.
Preservation of capital and home runs.
Member Since Nov 02, 2009   85 posts
Dec 01, 2013 at 23:33
I don't like to open positions on Sundays because activity is usually low but this was a nice break with volume, let's see if the low volume test of the broken level happens.

Effort vs Results all over again.

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Member Since Nov 02, 2009   85 posts
Dec 02, 2013 at 15:46
Fake break? Supply is very strong in the highs, though. Also an unusual high volume Monday. Mondays usually are low volume/activity.

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Preservation of capital and home runs.
Member Since Mar 29, 2012   192 posts
Dec 02, 2013 at 15:50
Rubn posted:
Fake break? Supply is very strong in the highs, though. Also an unusual high volume Monday. Mondays usually are low volume/activity.

I believe that this is related to this inactivity from last thursday / friday (long weekend). Maybe some indicators got post-poned to be released this monday. I noticed much more news than this average monday ;)
A smooth sea never made a skillful sailor.
Member Since Nov 02, 2009   85 posts
Dec 02, 2013 at 15:53
Thalantas posted:

I believe that this is related to this inactivity from last thursday / friday (long weekend). Maybe some indicators got post-poned to be released this monday. I noticed much more news than this average monday ;)

You are very right, my friend. Did not think of that before. Have a great week, mate. :-)
Preservation of capital and home runs.
Member Since Nov 02, 2009   85 posts
Dec 03, 2013 at 13:15
Look at this beautiful action, break with volume, test on decreasing volume an continuation.

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Member Since Nov 02, 2009   85 posts
Dec 10, 2013 at 05:14
This is an example of a low volume test (also a no supply bar) a few hours ago, basically the break with volume / test on low volume pattern.

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Member Since Nov 02, 2009   85 posts
Dec 10, 2013 at 05:17
Rubn posted:
This is an example of a low volume test (also a no supply bar) a few hours ago, basically the break with volume / test on low volume pattern.

In my humble opinion that is one of the best no volume test I've ever see. The volume is super low and its in middle of a high volume time-moment. The next bar is on average/nice volume and it was super bullish.
Preservation of capital and home runs.
Member Since Mar 29, 2012   192 posts
Dec 10, 2013 at 07:25
Hi Ruben,

Just to be clear, what you call a low volume test is a situation following a high candle where you have a 'hammer' or any candle with few to no price move ? Or you only look for long wicks?

Cheers,
A smooth sea never made a skillful sailor.
Member Since Nov 02, 2009   85 posts
Dec 10, 2013 at 14:27 (edited Dec 10, 2013 at 14:33)
Thalantas posted:
Hi Ruben,

Just to be clear, what you call a low volume test is a situation following a high candle where you have a 'hammer' or any candle with few to no price move ? Or you only look for long wicks?

Cheers,

Hello my friend!

I've added the -from book- definition in this comment. In my personal opinion, that is what you want to look for at first, but often times the price does not do exactly that, with this in mind I consider to be a low volume test (on a bullish scenario):

One or more down bars (after the break with nice volume to the upside) with volume decreasing or relative low (relative to the moment, for example in the middle of London or NY session when volume/activity is usually high). Long wicks rejecting the broken level are very good but not always appear, you just need to look to price action coming back to the broken level with little momentum / volume.

Also in the example of yesterday what gave me extremly confidence was the fact that the low volume test was actually another VSA indicator called 'no supply'.

A no supply bar is a narrow spread or body down bar (really narrow) closing off the lows (usually with little wicks) with volume lower than the previous two bars (if volume is lower than more previous bars is better), this indicator shoulda appear after a sign of strenght (the break to the upside with nice volume was the sign of strenght in the market at that point).

I hope my answer is clear. If you have any other question, please shoot :-)


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Member Since Nov 02, 2009   85 posts
Dec 10, 2013 at 14:29
Take a look at this, this is basically the Wyckoff method, it explains also the low volume test in a more 'considering the forest and not just the trees' way.

Cheers!

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Preservation of capital and home runs.
Member Since Nov 02, 2009   85 posts
Dec 10, 2013 at 14:31 (edited Dec 10, 2013 at 14:35)
Rubn posted:
Take a look at this, this is basically the Wyckoff method, it explains also the low volume test in a more 'considering the forest and not just the trees' way.

Cheers!

The low volume test would be called 'jump the creek' by Wyckoff purists.
Preservation of capital and home runs.
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