Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I've recently started looking at 100-tick charts on the FXCM Trading Station platform.
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.
Can you help answer these questions from other members on NexusFi?
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.
