DislikedHi BillyRay,
do you think that this is still a valid scenario, ie. euro reversal? Euro rate increase is pretty likely next Thursday.
RIgnored
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EUR/GBP SHORT for No Brainer 67 replies
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DislikedHi BillyRay,
do you think that this is still a valid scenario, ie. euro reversal? Euro rate increase is pretty likely next Thursday.
RIgnored
DislikedLot of value here:
http://www.nasdaq.com/investing/forex-open-interest.stm
This is the kind of stuff that gets lost in the pile for traders. Good for determining market direction/trade continuation.Ignored
DislikedBilly Ray,
How does one access the futures market prices so that the change in prices can be useful? I read the article with great interest.
Thanks
DanielIgnored
DislikedYet another article on guaging market sentiment and predicting daily direction / seeing where the smart money is. Strategy is along the same lines, but talks more in depth about the Commitment of Traders Report.
http://www.babypips.com/school/getti...ith_forex.html
Most people brush this stuff off in lieu of MACD's and RSI's, but if you REALLY want to know what's going on you should be looking at this data.
Also, because of liquidity issues, I know from my experience working at a multi billion-dollar large hedge fund that these positions are oftentimes difficult to scale out of/in other words, they stay in them and take them off in bits and pieces; so they're usually good for several days or weeks or months, depending on the situation. Scalping is not a common practice for many of these investors, especially on futures or equities purchasing very large quantities. They're the ones moving the market, and shouldn't be ignored.
Use this link for free cot charts: http://www.timingcharts.com/ or http://www.freecotcharts.com - your "large traders" and "commercial traders" are the ones to be looking at.Ignored
DislikedHi,
First of all I'd like to say thanks for a great thread. I really want to gear my trading to the way you guys are doing it ( ditch the indicator).
So here's my first. This thing looks like it's sitting on the edge of a cliff will it hold?Ignored
Dislikedthanks for the market setiment info...really good stuff..just been studyin the cot charts now!Ignored
DislikedDear Billy,
I took a look at the call/put numbers for EURUSD on the Philly Exchange from your link a while back. The predominant price levels for calls is 156 (4832 contracts) and 157 (2768 contracts). For puts it's 152 (1946 contracts). The numbers drop off precipitously after that.
How do you use this info in your trading? As well, do you put resting stops plus 20 pip risk stops in place before each trade or do you judge price as it goes? And, is there a real quality-of-trade difference in each approach?
Thanks,
LenoxerIgnored