A guide to filter out “thoughts”

FX:XAUUSD   Gold Spot / U.S. Dollar
125 2 15
A guide to filter out “thoughts”

Ok, so I have been asked a few times how to use the levels that I post in a bit unusual way.

First of all I would like to point out that this approach is the way to filter out the levels that are based on our Thoughts or in other words on Analysis.

What do I mean by this, is simple.

Any kind of analysis is analyst’s view implementation to the market.

No matter what type of analysis it is and what it is based on, when analysing something, the outcome is always an “opinion”.

It doesn’t mean that that’s something what we all have to stop doing, offcourse not. but that is something that always have to be taken as what it is and not more than that.

So now when we understand the meaning of the word “analysis” we start to think, how to filter out “wrong analysis”.

Offcourse it is impossible to be all time 100% right on the market , but we must do our best to get closer to it as possible, that our system, that we trade is statistically positive.

The more factors we have to compare, the better.


1. Price

2. Open interest

3. Contract Volume

4. Tick volume

5. Order flow

This list can be added with more, but as I want to address this article to FX and CFD             traders mostly it is enough to understand the main point.

All this indications are not based on opinion or mathematics, but are the results of market action as a whole.

Unfortunately on FX market we can not get all of what is mentioned in the list, and using a spin-offs like indicators of any kind are not actually the way out. So we must find alternative ways to get the information we need.

Not the easiest nor automatic way to add something to the list of FX trader arsenal is a CME Report’s based Classical Options data.

How to count the data you can read here:

And how to implement it to your trading I will show you now.

1st we have to do our analysis in a normal way that you do, to get some ideas or plans that you’re going to follow when trading.

I took Gold             as an example, you can see it on the chart.

so we have marked all the levels and created an opinion, then the next step is to place the levels that are counted by yourself or provided by me.

We can add all the levels we have, but then we are not going to have a clear picture of what is happening on the market.

So we have to choose the levels with High volume and Open Interest.

As you can see, the levels we have posted do actually help us to get a targets, possible reversal zones, and non important zones.

In Conclusion I would like to tell that in my opinion it’s a “crime” to ignore such information, especially when it’s given for free :)

Ok Traders, in case if you have questions, please ask and I will add the answers to this article.


Alternatively you can reed it here:
I think, that in the table on the right side you pasted mixed data gold and oil.
on the chart on your right side , is are yellow dot , why you pick lowest volume call in that chart?????????
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