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Trading Equity Millipede Concept by Concept 53 replies
News Straddle concept to improve wins 2 replies
Concept:waiting for price to break. 4 replies
Dislikedwell this is the real deal. it's exactly what i have been talking about. it's a real representation of the market in 3d. candles widen to show volume and become more contrasting as well to really show which candles mean anything at all. the skinny dark candles are noise during quiet markets that we don't trade. thank you, CQG. this is it and it's for futures.Ignored
DislikedThere is a HUGE problem with all of this.
99% of us use retail forex brokers.
And they all pad the spread, and they all have different volumes.
(Just open up a couple of different brokers at the same time and look at prices, you will see what i mean.)
Volume can only be measured on YOUR server. Thats it.
The Interbank feed is something we will probably never be able to see for real. Even an ECN broker doesn't show what the banks are really asking of each other.
The reality is, we are playing in a market where the "market" action we see is distorted, and in some case flat out fabricated. So knowing this, how is it possible to create a reliable third variable. Time doesn't exist. I agree with that point, so it doesn't matter. (Some servers are on GMT, while others aren't - so you will have different candles. On one you may have the mother of all hammers, on the other it might be a different story all together.)
Until this is centralized, and that is possible to an extent, ala CME/Reuters later this year...this is an impossible dream. I really wish it weren't, but the fact is, we are playing in an unregulated market. The reason Visual Trader works is because it is coming from a central point.
In theory you could even get this to work on your server, say Interbank FX....but what happens when the real market jumps up suddenly due to some psycho at UBS buying 500 billion EUR/USD? Interbank has to hedge themselves, and your server becomes the feeding ground.
Or something like that.
DislikedUntil this is centralized, and that is possible to an extent, ala CME/Reuters later this year...this is an impossible dream.Ignored
DislikedHi all. I've studied 3D animation for more than 10 years and have been trading off an on for approximately 7 years. This is a subject that I've thought of quite a bit and when you blend the two activities I mentioned earlier, then you come up with some interesting possibilities.
3D charting is actually something I'm doing sim research on right now. Although for my prototype I didn't use the charts at all, and that's by design.
Personally, I think trading could be a lot more engaging. The experience of making a trade should be much closer to the excitement of playing a good game.
Below is a screenshot of an early alpha prototype which displays two characters face to face. I'm working on the bull and the bear models These two characters represent the Longs and the Shorts of the market. When you place your trade you are with that side until you close your trade. In the mean time and inbetween time you are engaged in combat. Going forward and backwards instead of up and down. I have this app at a very early stage but ultimately the goal is to build a different type of trading experience.
DislikedYou're making it too difficult.
Where do you see a central market place for GBPUSD? I'll tell you; CME. Quit bickering this point. CME is real central marketplace. Get the data feed and tell me it's not. Now I've made this point before; IBFX volumes are very similar to CME. Granted they might be only tick data but they are very close/ similar to CME volumes. IBFX does not just show ticks from their platform or you would not see a tick update late afternoon for like 1 minute+ at a time. Their ticks come through similar to CME therefore without calling Javier to verify I can deduce they are buying a data feed from a third party provider. This particular third party provider is no doubt a blend of banks. Very commonly EBS is the feed that is purchased to show real market on forex. You can create agreements with your retail broker to not execute anything unless it deals on EBS prices therefore they cannot spike you out. I'm not going to expound on this front anymore. I apologize for the bluntness of my points, but I've heard enough from people assuming and speculating in their bedrooms at home via their computers. [sigh]
If you are interested in CQG charting you can get demo access for two weeks.
Email Melody here: email@example.com
Provide your name and address and phone number.
You will get access to Forex, CME, Globex, CBOT data.
Why do we need CBOT and CME and even Globex????
Well we are forex traders and we are not the only fish in the sea. The most liquid instrument in the world is the 10 year note. You say [in whining voice] "Na, eh...Forex is 3 trillion a day largest market in the world."
BS you easily fooled inexperienced newb. I was once in your shoes and believed everything brokers told me.
The 10 year note trades on CBOT exchange and is the most liquid contract in the world. It trades in one day what your GBPUSD trades in one month. No joke. Gold also trades on CBOT and Gold is a great indicator of Forex movement. Gold typically moves in very well defined waves. Look at a 23 tick chart.
[Back on track] the ZN determines the USD strength via rate expectation. If rates are expected to rise we see 10 year yeilds rising. Vice versa we see prices for 10 year notes declining. It's an inverse relationship based on a discount to purchase the notes. Don't ask. So we see prices declining which means yeild is increasing and USD in effect is increasing in strength therefore we see GBPUSD going south as USD outstrips GBP sterling. The beauty of forex is we see major volatility. GBPUSD spikes up and down while the ZN trends very smoothly down. We get short on a spike up of GBPUSD while ZN is trending down and we improve our chances of profitable trades.
So why do we need Globex and CME data? The S&P trades on CME and DJ EURO STOXX trades on Globex. These paritcular equites are correlated to forex as well. If S&P is trending down we commonly see GBPUSD trending the same direction. More so we look to these equities to show Carry trade sentiment. So if we see S&P as well as EURO STOXX moving up we can expect carry trades are doing well today.
Where does CQG come in? Well CQG provides charting data for all the instruments we want to see. Not only does it show price action but it combines price with aggression of the market. How strong is the trend really? We see through CQG the strength with which players are hitting the bid or offer and it is interpretted on the chart by brightness, width and height of candles.
You can imagine how excited I am if you scroll back a month ago on this thread and see that I've provided an image of what I want in a charting package and it's exactly what CQG has created. What a coincidence! Either CQG and I are really stupid and on the same stupid wave length or we each understand market dynamics just a little. Enough to get our asses kicked in a bar fight I'm sure.
If you want the CQG demo feed I've talked to Melody and she is awaiting our emails for setup of the application. I receive no compensation for any of this.
If you are interested in learning more about how to trade carry trades with equites as an indicator and understand more about ZN leading forex movements email NewstraderFX on Forex Factory. He is a FFAN analyst and posts nearly every day on the News and Analysis section. If I've pissed anyone off with this thread please IM me. I'm sure I'll care.
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