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Trading Forex based on Volume
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Trading Forex based on Volume

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Forex does not have actual volume. We use tick count to measyre the volume, and is 75% accurate.

Forex does not have actual volume. We use tick count to measyre the volume, and is 75% accurate.


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  • Hi Hawkeye main components are volume bars,trend dots,(green,red,white dots) and heat map(momentum over 3 timeframes) and using two timframe charts to use mtf advantage on trend dots and heat map.
    How to read the volume is the mistery and even if you use trend dots & heat map you get good results. I am looking for help from tradestation code experts on how the volume reading is done
    smarttrader61@yahoo.co.in
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  • Hi,
    How do I use or insert tick count in my MT4 platform in forex chart
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  • Hi Hawkeyek,
    I've been browsing for months trying to fine out how to use volume in forex trading not untill I came across ur page. I'm really interesting in using volume for my forex trading. How can I get to u through an email or any other means.
    Thanks
    Gye
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  • 1. Trading the Currencies With Hawkeye www.HawkeyeTraders.com
  • 2. What is Hawkeye? Indicators based on Volume Spread Analysis, Momentum, and Price Pattern Recognition Identifies market reversals Identifies where to enter an existing trend Identifies when to add to your position when trading longer-term longer- Identifies when to exit your positions
  • 3. Hawkeye Tool Kit Includes the: – Hawkeye Volume – Hawkeye Volume Radar – Hawkeye Wide Bar – Hawkeye Pivots – Hawkeye Adds – Hawkeye Heatmap – Hawkeye Trend + Stops Available for TradeStation and eSignal
  • 4. Hawkeye Tool Kit
  • 5. Hawkeye Levels & Hooks Includes: – Hawkeye Levels for taking profits – Hawkeye Hooks for identifying when to enter an existing trend Available for TradeStation and eSignal
  • 6. Hawkeye Levels & Hooks
  • 7. Hawkeye Tools for TradeStation RadarScreen Includes: – Hawkeye Heatmap – Hawkeye Trend + Stops – Hawkeye Volume – Hawkeye Wide Bar – Hawkeye Pivots Only available for TradeStation
  • 8. Hawkeye Tools for TradeStation RadarScreen
  • 9. Time Frames Calculation < 1000 ticks – Multiply your short time frame by 4 For example, if you are trading a 240 tick as your fast timeframe – 240 x 4 = 960 ticks > 1000 ticks – Multiply your short timeframe by 2 For example, if you are trading a 1080 tick chart as your fast timeframe – 1080 x 2 = 2160 ticks
  • 10. Time Frames Calculation < 60 minutes – Multiply your short time frame by 4 For example, if you are trading a 5 minute chart as your fast timeframe – 5 x 4 = 20 minutes > 60 minutes – Multiply your short timeframe by 2 For example, if you are trading a 60 minute chart as your fast timeframe – 60 x 2 = 120 minutes
  • 11. Trading Rules Maximum trades per day – 2 unless 1 of the 2 are negative then you can take a third trade Use Multiple timeframes – unless scalping then use one
  • 12. Hawkeye Rules
  • 13. Scalping FX One timeframes for scalping – Open of London at 8am (3am EST) – Open of US at 8am Set a definitive profit target, ie 15-20 15- pips Exit when target price is touched or using Scalping Stop Exits
  • 14. Market Reversals
  • 15. Entry in an existing trend
  • 16. Take Your Profits
  • 17. Exiting Without Levels
  • 18. Scalping Exit Rules
  • 19. Exiting Without Levels Conservative Traders – Use Slow Time Frame Aggressive Traders – Use Fast Time Frame
  • 20. Exiting Without Levels If in congestion, i.e. Hawkeye Trend Dots are flat – Use Crash Barrier
  • 21. Financial Reports & Forex Daily FX calendar reports – www.dailyfx.com Click on Calendar Click on EDT to have the report displayed in Eastern Standard Time
  • 22. Financial Report Example
  • 23. Other Products Custom EasyLanguage Programming Mentoring Seminars Video Tutorial for New TradeStation Users hotComm Training Sessions