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Some questions about Time&Sales, DOM and tick data on the chart
By
Nickitozz92, in Automated Trading
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By ConfidentHedgehog9 · Posted
Good Morning to all Gentlemen and Ladies. I've had a minor favor and is new to this forum at present. My request would be, could someone explained to me in a meek manner on how the calculation is dealt with? For instance, how do you calculate the TPO above/below the POC? Is it calculating by the means of the alphabets starting from "the POC or above" it? Looking forward to hearing some response from anyone with a senior of experience in the application of Market Profile. Thank you in advanced! -
Do you mean an EA trading for you? -
Near Term Outlook Unchanged as AUDUSD Trades Weaker AUDUSD Price Analysis – August 22 The Aussie is holding weaker so far with the yuan softer on the day on a softer note for the equities and treasury yields. However, yuan has a relative effect on USD as the PBOC fixed the yuan weaker again today, reaffirming the notion that they will allow the currency to weaken but not too quickly. Key Levels Resistance Levels: 0.7205, 0.7085, 0.6827 Support Levels: 0.6748, 0.6676, 0.6620 AUDUSD Long term Trend: Bearish But as seen in the daily picture above, the near-term picture in AUDUSD remains unchanged despite the pair slipping to session lows on the level at 0.6748 currently. Both buyers and sellers have more work to do to gain more momentum to push prices out of the downward range since last week. While the forex pair is experiencing a stall, this could just be a correction, as both the medium and long-term trends are still bearish. AUDUSD Short term Trend: Ranging However, AUDUSD needs to break the monthly support zone on the level at 0.6676, which is currently providing support for the momentum on the pair at the level at 0.6748. The currency exchange rate will most likely continue to trade downward and flat for today waiting for the required volatility to change the direction. -
Staying Within Previous Boundary EURJPY Continues to Trade Within a Range %2> EURJPY Price Analysis – August 23 In today’s trading session, the common European currency traded sideways against the Japanese Yen. The currency pair was trading below the moving average 5 and 13 since yesterday’s trading session. We may see bearish traders pressurize the currency pair towards the level at 117.50 before the end of today’s trading session. Key Levels Resistance Levels: 123.01, 119.88, 118.33 Support Levels: 117.65, 117.50, 117.00 EURJPY Long term Trend: Bearish In the daily picture, the EURJPY pair may most likely maintain the price range during the next trading session. Alternatively, a breakout may occur downwards. While the exchange rate has been trading within the range of the level at 118.33 and 117.50 since mid-August. The trend is bearish, showing an intact downtrend in the medium and long-term. EURJPY Short term Trend: Bearish Today’s trading range has been going negative and more, and that’s below the last trading month’s daily average range. On the flip side, we may see a change in trend with renewed upward strength. Buying could accelerate should prices move above the close-by swing high towards the level at 118.33 where further buy stops might get activated. Although with the level at 119.88 resistance intact, near term outlook remains bearish.
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