Intraday FX Player

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Quote from CFerret:

BTW, low volume can be read with a naked eye on 5min chart now... But still enough volatility so far in the morning.
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How do YOU read volume in FX please??
If i have overread it somewhere - sorry.
 
No,Charly....I go down to the 5 and 15 minute charts to time my trades....the 1 minute is too fast and close for my eye right now..... but the "big picture" is what I'm trying to see with the fib fan and straight line convergence points from power points past....like june 12,august 15,feb 7,mar 23,april18 and the key convergence points take us to the present where the next one seems to be happing now around 1.5537-50....which in my view would be the break out moment either big down to 154/153...maybe 152.....or break up to 157...
 
Quote from Charly:

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How do YOU read volume in FX please??
If i have overread it somewhere - sorry.
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It's impossible to read whole spot FX volume directly. But with a little of experience you can pretty well read by PA when volume is low and when is high...

Also there is another way possible - extrapolating currency futures volume to spot FX. But I don't use this method as redundant.

Just eye is enough so far to roughly read volume by price behaviour. And exact volume I don't need... :)
 
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