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Forex is not centrally traded so I would imagine volume, delta, footprints, level 2 and etc has much less meaning trading those markets. I would imagine trading patterns and levels, and maybe adding a momentum indicator might be more useful in forex..
Can you help answer these questions from other members on NexusFi?
Great entry and stops. I actually got stuck thinking we were going lower, so looking for a PB for an entry. Only thing I would look out for is a rejection or PB @3020 LVN.
I have noticed volume usually dies down during failed breakouts in my limited experience. Over 100k contracts have been traded in this one, so right now I am sitting long 1 contract, looking to reload on a PB.
When I get this close to rollover day I believe my volume stats become more subjective on the front month. The volume of the Dec contract is leaving like rats on a sinking ship, they're swimming over to the "H13" yesterday 17k so far today 33k. This chart shows what is in my opinion a textbook 50% pull back from the big down move of last week. Yesterday we filled the gap of the weekend open, consolidated on light/low volume, and paused. During the overnight price tagged yesterday's POC and began it's ascent, taking out the .382 and then the fifty. Will it last the evening, will it last through Christmas,,,, my crystal ball is a little cloudy but I like to be bullish the BIG E in December, but that's just me. I'll be keeping an eye (both eyes) on the ability of the "H13" to hold the 1.3000 level, the Z12 contract has a very limited life expectancy.