"Abandon all hope, you who enter here"
La Divina Commedia, Dante Alighieri
- | Joined Apr 2006 | Status: Member | 440 Posts
"Youth is the trustee of prosperity." - Benjamin Disraeli
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Dislikedi don't quite get your attached image, so it's says that 27,14% of the short position were openned at 1.9640 and will see big resistence at that level again?
thxIgnored
Disliked
Yesterday short positions starting from 1.9640 were closed starting from 1.9590s to 1.9610s as we mentioned. After those closed positions, long positions became dominated to the market and we saw a boost today. New costs from 1.9640s was another important reason that helped the boost. We have reached to the point 1.9750 and then saw some small short positions around here. But shorts from 1.9730 are considerable. we can try short positions around here but be careful about 1.9760. In case we reach 1.9760 we should change our positions to long and keep our stops small. Because first 30 pips over 1.9730 are important and in case we pass over we should shift our way to up fastly. But if we cant go over 1.9760 our way is down.
As you can see in today's graphs, trade is so easy with this system. Too many longs from 1.9610 are clear and as a result we saw a boost of 135 pips.
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DislikedWhen would we know if we can or cannot hit 9760? Is there a time frame at all?Ignored
DislikedI'm not fully understanding your analysis. How do you determine which prices to choose? For instance, in your latest chart, you have 1.9730 as a long position. Why did you choose that price as opposed to 1.9720 or 1.9710 since the number of positions percentage wise are not that far from the ones at 1.9730?Ignored
DislikedThis is interesting. Although your chart is kinda hard to distinguish whether the price's bar is giving buy or sell orders percentages. Why is there a comma in there and what does the first number mean? It's a little confusing.Ignored
DislikedThe comma is what most Americans would call "point" or period. In some countries the comma and period are switched around. So if I had Ten thousand dollars and 50 cents, it would be $10.000,50
The first number is the price, just without the period. So 19640 is 1.9640
Hope that helps,
andersenwsIgnored
DislikedEh, thanks man. It at least clears up the comma dealio.
Still wonder whether the number is a buy or sell order and how can you tell the different....Ignored
DislikedSo it takes a 'special trader' to be able to tell whether that number at the end of the bar on your graph is a buy or sell percentage? I guess I'm not 'special' enough.....Ignored