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I estimate the volume or strength of the market by estimating the virtual income (turnover) S and the elasticity of this income to price Y in pips https://www.mql5.com/ru/articles/1825. I determine the market price P = - S/Y. At this moment, for EUR/USD S = 2012 pips, Y = - 1784 pips. Р = - 2012/(-1784) = 1,1280. Since the current price is C = 1.1341, we conclude that the market is bullish.
It turns out that, to move the price 1 point up, $50,000,000/2012 = $24,851,000, which is, plausible.
it's not per day, it's total, cftc.gov info
On SOT, hedgers are selling silver, gold and the JPY and dollar are buying.
Who thinks what?
Ridiculous! what volumes are you counting, these reports do not cover even 10 percent of the Forex market, what can you see with them?
In my opinion, these reports are very doubtful and may not reflect the whole picture. Well, if you have decided to work with them, you should watch them at W1, but not at 4 o'clock, because they are weekly.
If you have decided to work with them, you should watch them on W1, not on 4 o'clock because they are weekly.
What do you think, these reports do not even cover the 10th part of the Forex market, what can you see?
In my opinion, these reports are very doubtful and may not reflect the whole picture. Well, if you have decided to work with them, you should watch them at W1, not at 4 o'clock, because they are weekly.
If you have decided to work with them, you should watch them on W1, not on 4 o'clock because they are weekly.