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  • #1,132,461
  • Sep 6, 2017 12:32pm Sep 6, 2017 12:32pm
Quoting denisius
{quote} So you trading out of US?
No, im based in HK.
and its getting really late and i got an early day tomorrow.

lets chat another time.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #1,132,462
  • Sep 6, 2017 12:34pm Sep 6, 2017 12:34pm
Quoting Ron25
UJ making a great move up. Long @ 108.98.
Closed @ 109.30. Now short.
  • #1,132,463
  • Sep 6, 2017 12:34pm Sep 6, 2017 12:34pm
Quoting fxtyrant
{quote} No, im based in HK. and its getting really late and i got an early day tomorrow. lets chat another time.
Well. Let's see what you have in mind later. You got my attention! Night!
  • #1,132,464
  • Sep 6, 2017 12:41pm Sep 6, 2017 12:41pm
Quoting fxtyrant
{quote} yea.... hmmm i dunno if youd consider bitcoin as illiquid now that it has a market cap larger than some of the largest corporates thats listed as one of the constituents of the S&P500..... Bitcoin is like a 75 Billion dollar market cap beast.... Nike is roughly 87 billion....
Turnover per day in FX is what, 4 Trillion? That means pretty DEEP order books and people willing to exchange. I think BTC turnover is like 175million per day: https://data.bitcoinity.org/markets/volume/2y?c=e&t=b

That is like 22,000 times less deep than FX right? Trading does not matter if you cannot get a price/if you cannot get something without a HUGE BID-ASK at a lot of points.

Doesn't this mean it is a lot less liquid? Right? Although to be fair, I'd need to break that into FX volume by major pairs or EURUSD... but should still be a lot more I'd think.
  • #1,132,465
  • Sep 6, 2017 12:59pm Sep 6, 2017 12:59pm
Quoting skillz16
{quote} Turnover per day in FX is what, 4 Trillion? That means pretty DEEP order books and people willing to exchange. I think BTC turnover is like 175million per day: https://data.bitcoinity.org/markets/volume/2y?c=e&t=b That is like 22,000 times less deep than FX right? Trading does not matter if you cannot get a price/if you cannot get something without a HUGE BID-ASK at a lot of points. Doesn't this mean it is a lot less liquid? Right? Although to be fair, I'd need to break that into FX volume by major pairs or EURUSD... but should...
Do you see what you did there?? FX turnover per day is 4 trillion... this is just the Euro? Or the entire universe??
also... how much of the turnover is cash fx and not leveraged volumes?

also with regards to price movements on what is supposed to be a very liquid market is not as hard as you think...

as we get more and more i to world where algos are trading....

orderbooks do not stay liquid at all hours all minutes and all seconds during the day.

a 30 pip drop in 1 minute on new york could happen when. Liquidity suddenly drops.... or large order being filled relative to market.. or combination of both that happened simultaneously...

but yea. Nothing beats fxin turnover. But pace at which crypto is growing may overtake fx market in turnovers in say 3-5 years if we keep exponentially growing at this pace....

now thats disruptive....

if crypto gets it ways... we may have a globally universal currenxy that is not manipulated by governments in form of QE or rate hikes....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #1,132,466
  • Sep 6, 2017 1:08pm Sep 6, 2017 1:08pm
Quoting fxtyrant
{quote} Do you see what you did there?? FX turnover per day is 4 trillion... this is just the Euro? Or the entire universe?? also... how much of the turnover is cash fx and not leveraged volumes? also with regards to price movements on what is supposed to be a very liquid market is not as hard as you think... as we get more and more i to world where algos are trading.... orderbooks do not stay liquid at all hours all minutes and all seconds during the day. a 30 pip drop in 1 minute on new york could happen when. Liquidity suddenly drops.... or large...
Hmm, yeah. I've seen anywhere from 500-700 billion mentioned in spot EURUSD turnover from various places. Not sure what to trust though. Most say that is for the spot EURUSD market.
https://www.poundsterlinglive.com/ec...-fifth-in-2015

And I also don't know how you would remove the effects of leverage from this. So I suppose even if you said 250 billion, that is then just 1,400x FX more deep probably on the conservative side:
https://www.google.com/search?q=250+....0.jlddWN4uDqI

But yeah, I hope crypto gets more deep so I can work with that as well.
  • #1,132,467
  • Sep 6, 2017 1:09pm Sep 6, 2017 1:09pm
Next question: Is still will EURUSD break 1.190?
  • #1,132,468
  • Sep 6, 2017 1:44pm Sep 6, 2017 1:44pm
Quoting digger1
{quote} All depends on timeframe ,,,,,,,bigger picture that number is a little larger lol,,,,,, cheers man . Dont really bode well for the eur bears either . {image}
Quoting bluesoul
{quote} Hope thats not an oracle's prediction In this business everything is possible, We can see +140 or -140 tomorrow. {quote} That's just an opinion. {quote} Very true, i have attached H4. we are 140 pips away from the bottom and 140 pips away from top :0 {image}
Got my share of 60 pips from that 140
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 60p.png Size: 33 KB
Holy Grail - Patience and Acceptance
  • #1,132,469
  • Edited 5:09pm Sep 6, 2017 2:33pm | Edited 5:09pm
Quoting Amra123
{quote} I want to learn about BITCOIN. Any relevent link to share ??
Google.

And https://www.forexfactory.com/forumdisplay.php?f=137 see the bitcoin thread + Crypto one.

And don't spam here. OK??

And can I ask everyone to resist the urge for petty arguments, bitcoin, pissing contests...

That includes FxSpamRant etc....

It's a crazy thread, even without Suthmo, KW...

✌
Beware of robber banks (RB), bad advisors.
  • #1,132,470
  • Sep 6, 2017 2:48pm Sep 6, 2017 2:48pm
Just found this site today - it seems to have a ton of useful information and some good free scripts/EAs linked throughout. Some if it is really basic, but I think reminders help.

Anyone else seen this before?: https://www.cashbackforex.com/en-us/school.aspx
  • #1,132,471
  • Sep 6, 2017 3:59pm Sep 6, 2017 3:59pm
What a HOT day was today! 8 to 5 busy. Something tell me E going down tomorrow to 1826. My pending on 1920 for short. Will see what happens! Good luck everyone tomorrow!
  • #1,132,472
  • Sep 6, 2017 4:11pm Sep 6, 2017 4:11pm
State of pair EUR/USD for september 7.

 

  1. Weekly negative cycle will end in the morning (in first post I estimated end of cycle through the night, but market is showing one more push down). Expect small push down in the morning (possible towards price 1.1882).
  2. Tomorrow will be the start of weekly positive cycle. EUR/USD is heading up again.
  3. Time of extreme low (of negative cycle) will be very important. If price drops before news, then it will rise on news. If it doesn't drop before news, then there is possibility that it will drop on first EUR news and rise with the next. I can not provide more precise timing, since evolution of price before news will reveal when the extreme low will occur.
  4. Important levels: 1.1882, 1.1921, 1.1942, 1.1982

In all chaos there is a cosmos, in all disorder a secret order.
  • #1,132,473
  • Sep 6, 2017 5:44pm Sep 6, 2017 5:44pm
Last call for the non-believers 1.182 today. You can still get 100 PIP+ out of this.
This is my last post for some time now. Will take a break for few months at least. This is my 5/5 post by which you should judge me.
Can you afford to take that chance?
  • #1,132,474
  • Sep 6, 2017 5:44pm Sep 6, 2017 5:44pm
Quoting digger1
{quote} figure the circle area ought to be good for that trip up there to 1979 area again {image}
nice little short down to there ,, now in long again,,,,,, will see where it goes ,,,,,,,,, figure bout 1979 if it clears red line , cheers all
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  • #1,132,475
  • Sep 6, 2017 5:46pm Sep 6, 2017 5:46pm
if there is anybody left that isint Canadian lol
  • #1,132,476
  • Sep 6, 2017 6:05pm Sep 6, 2017 6:05pm
Quoting F.g
BP.... too provocative... short at 1.3080 and 70 JY - soon a buy or perhaps NOW at 108.75.....
well done on your jpy longs earlier bud,,,, major points can be tricky areas,,,, my own experience Ive found it much more profitable to let some one elses money turn it lol . Cad was at what I would call a minor possible turn area on a monthly ,,,,,,, buuuuut 1.20 ish area is 50% level of entire move up ,,,,, it was headed there regardless I believe ,,,,,, not that it matters ,,,,,, 1.20 is a lot closer now lol. Hmmmm 1.20 just a right popular number ,,,,,, at any rate , kudos man, good job
  • #1,132,477
  • Sep 6, 2017 6:07pm Sep 6, 2017 6:07pm
Newsfeed: where did inflation go?:

Well in the US at least, we have seen healthcare go from 5 to like 18% of GDP in the past decades... So probably there for a big part of it. That and tax increases to fund pensions which goes into the US market so that (has) inflated). That and the cost of secondary education has gone massively up and a lot of Americans are getting or have it. Then the wage deflation from tech and you just about have it. Right?

I think I read that healthcare, welfare, and public pensions are about 22% of GDP already and going to become like 40% by 2030 ish but I will have to find the sources again.
  • #1,132,478
  • Sep 6, 2017 6:12pm Sep 6, 2017 6:12pm
Quoting skillz16
Newsfeed: where did inflation go?: Well in the US at least, we have seen healthcare go from 5 to like 18% of GDP in the past decades... So probably there for a big part of it. That and tax increases to fund pensions which goes into the US market. That and the cost of secondary education has gone massively up and a lot of Americans are getting or have it. Then the wage deflation from tech and you just about have it. Right?
What ,,,,you cant count the sheet normal class working stiffs are paying thru the nose for and that keep going up ,,,,,,,,,,,, that dont figure into the equation, thinks it always something like,,,,,,,,,,,,,,,excluding this
  • #1,132,479
  • Sep 6, 2017 6:14pm Sep 6, 2017 6:14pm
Quoting digger1
{quote} What ,,,,you cant count the sheet normal class working stiffs are paying thru the nose for and that keep going up ,,,,,,,,,,,, that dont figure into the equation, thinks it always something like,,,,,,,,,,,,,,,excluding this
Yeah, and they need to systemically understate it because a lot of the benefits for medicare and retirement stuff funded by the govt. are tied to inflation. So like you said, paying through the nose and they still say there is "no inflation."
  • #1,132,480
  • Sep 6, 2017 6:21pm Sep 6, 2017 6:21pm
I got this from news comment here, please experts tell which scenario you recommend.
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