Hartle & Flow

Yesterday, the Euro FX futures (EUR/USD pair edged through the upper side of the resistance zone. Today, the market is pulling back. I continue to expect higher prices because the recent extreme daily RSI readings are above 62.

I have added an Aggregated TradeFlow chart set to 3-ticks range (available in CQG 7.5) with my two custom studies plotted. Currently, the market is trading sideways. The current readings from the TFVCrss study show neither sellers nor buyers dominating as the green buy volume line is tracking the red sell volume line.

This morning’s snapshot view of the TradeFlow Chart for the EUR/USD has both studies set to a five-bar running sum. In addition, the CQG ChartTrader is attached. I have the CQG Order Ticker below the chart.

Currently, the market is starting to trade higher. The buy volume line (green) is peaking over the sell volume line (red) of the TFVCrss study as traders are lifting offers.

The TradeFlow view of the market can change very quickly.

This entry was posted Wednesday, April 11th, 2007 at 8:34 am and is filed under TradeFlow, EUR/USD Futures. You can leave a response, or trackback from your own site.