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Smooth/Squiggly line on tick chart
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Smooth/Squiggly line on tick chart

  #1 (permalink)
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Smooth/Squiggly line on tick chart

I've recently started looking at 100-tick charts on the FXCM Trading Station platform.

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The two lines are the bid and ask prices. The distance between the two is the spread.

Ive noticed that at certain points (yellow-highlighted on the chart) the bid would be a smooth line while the ask would be a squiggly line.

Most obviously, it is the vendor's spread varying either from the bid-side or the ask-side, but is there more that I could derive from this? e.g. traders hitting the bid or the offer?

Unlike futures, forex doesn't seem to offer an "order book" per se to look at, so I'm wondering if there are ways around the limitation.

Thanks.

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  #3 (permalink)
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isaacsu View Post
Most obviously, it is the vendor's spread varying either from the bid-side or the ask-side, but is there more that I could derive from this? e.g. traders hitting the bid or the offer?

I think you have successfully answered the question with the chart - it does appear to help identify likely areas of higher interest and, just like anything to do with bid/ask/delta/volume, it will not tell you the resulting direction in advance, only that a significant decision might have been made there on one or more timeframes.

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