TheShakeOut
Long

Major Sign of Strength: Confirmation of No Supply on the EURUSD

CME:E61!   EURO FUTURES
The chart tells a story and the story unfolds bar by bar.
Today's analysis is a very good example of why it is really important analyse the market bar by bar.
RJHumphries7d
2 years ago
wow, I dig the detail over a long period. Thanks for sharing this. I'm new to the whole game and have yet to bring my attention to Euro FX but this is a great help :)
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TheShakeOut RJHumphries7d
2 years ago
Thank you for your comment. Analyzing the imbalances of supply and demand gives you a huge advantage over pure probabilistic analysis. I recommend you study it. If you have any questions do not hesitate to ask.
Do not miss the updates, I post an update of this analysis daily.
Regards
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sharadkumarp TheShakeOut
2 years ago
Thanks for this analysis based on volumes, how can I see volumes in the chart? although I chose volume from indicators I can't see volumes, am I missing something? here is my chart ->
snapshot

Thanks again
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TheShakeOut sharadkumarp
2 years ago
You are welcome @sharadkumarp. Please note that I am NOT analysing spot FOREX EURUSD. Tradingview does NOT provide tick volume for spot FOREX. I am using Euro futures from the CME (E61!) with exchange traded volume. These two instruments follow each other and it is very powerful analysing them both. Every analysis that I publish of this intrument is checked and compared with spot FOREX data with tick volume from my brokers. They both usually give the same signals but you see on the example bellow how analysing them both helps you make a more accurate analysis:
+1 Reply
TheShakeOut TheShakeOut
2 years ago
PART 1 (Futures Market):
EURUSD pushes higher but there is a lot of supply (PART 1)
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TheShakeOut TheShakeOut
2 years ago
PART 2 (FOREX Market):
EURUSD pushes higher but there is a lot of supply (PART 2)
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TheShakeOut TheShakeOut
2 years ago
Thank you for your question @sharadkumarp. If you have any other question do not hesitate to ask. Regards
+1 Reply
sharadkumarp TheShakeOut
2 years ago
Thanks for your explanation Jorge, I am trying to get my head around the whole think as I am new to this market
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