Hartle & Flow

Another new high this morning for the Euro FX Futures. I continue to expect higher prices because the recent extreme daily RSI readings are above 62.

The Aggregated TradeFlow chart is set to 3-ticks range (available in CQG 7.5) with my two custom studies plotted (both are set to five-bar look back periods). Currently, the market is pulling back after trading just below a near-term resistance zone. The current readings from the TFVCrss study show neither buyers nor sellers have the edge 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 trading sideways. Buyers did come in as the buy volume line (green) was peaking over the sell volume line (red) of the TFVCrss study.

The TradeFlow view of the market can change very quickly.

This entry was posted Monday, April 16th, 2007 at 9:29 am and is filed under TradeFlow, EUR/USD Futures. You can leave a response, or trackback from your own site.