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EURUSD - From Here to There

  • #121
  • Edited Mar 11, 2020 12:34am Mar 10, 2020 11:30pm | Edited Mar 11, 2020 12:34am
I must forewarn you all, I see a lot of pending buy orders building up in the Order Book! It could be a large percentage of these orders are from buyers seeking to add to their positions and preparing to defend themselves against sellers in the process.

If those pending buy orders get triggered, we could potentially see a massive breakout to the upside. On the other hand, it could turn out to be a bull trap, as there are a number of sellers building positions above them. Nobody is safe in this market!

We are bearish at the moment, but not enough to boast about it.

Remember, USD took a massive hit and is still far from recovering.

I'm not saying bears can't push this down further. All I am saying is we need to proceed with caution!

But also note there are plenty of sellers lining up on the way down (see orange colored data), and not so much buyers. If those sell orders get triggered, then it is highly likely we will see a deeper retracement.

Are bears finally going to turn the tables on bulls and regain control of EURUSD? Time will tell!

Attached Image (click to enlarge)
Click to Enlarge Name: order book.png Size: 89 KB
Image Source
Learn from your mistakes and march on.
  • #122
  • Mar 11, 2020 12:02am Mar 11, 2020 12:02am
Quoting here2there
I must forewarn you all, I see a lot of pending buy orders building up in the Order Book! It could be a large percentage of these orders are from buyers seeking to add to their positions and preparing to defend themselves against sellers in the process. If those pending buy orders get triggered, we could potentially see a massive breakout to the upside. On the other hand, it could turn out to be a bull trap, as there are a number of sellers building positions above them. Nobody is safe in this market! We are bearish at the moment, but not enough...
Hi buddy, thank you for such information, it's awsome.
If I may ask, who is this source and how reliable is it?
Thx
Nobody ever made a dime by panicking. Jim C
  • #123
  • Mar 11, 2020 12:06am Mar 11, 2020 12:06am
Quoting FxQB15
{quote} Hi buddy, thank you for such information, it's awsome. If I may ask, who is this source and how reliable is it? Thx
Thanks!

The information is provided by FXSSI. And yes, it is reliable.
Learn from your mistakes and march on.
  • #124
  • Mar 11, 2020 12:11am Mar 11, 2020 12:11am
Quoting here2there
{quote} Thanks! The information is provided by FXSSI. And yes, it is reliable.
Thank you.
Nobody ever made a dime by panicking. Jim C
  • #125
  • Edited 1:00am Mar 11, 2020 12:50am | Edited 1:00am
Quoting here2there
I must forewarn you all, I see a lot of pending buy orders building up in the Order Book! It could be a large percentage of these orders are from buyers seeking to add to their positions and preparing to defend themselves against sellers in the process. If those pending buy orders get triggered, we could potentially see a massive breakout to the upside. On the other hand, it could turn out to be a bull trap, as there are a number of sellers building positions above them. Nobody is safe in this market! We are bearish at the moment, but not enough...
Well I appreciate it man.
It's a useful info for me as it shows in my chart pic I am heavily involve in long action and this morning before u.s market I opened long position off the small PB, which went south (I jumped the gun), but my own sentiment is that there is more up side to this current trend till some kind of a positive development comes out regards to virus, oil fight between Saudis and Russian is also a factor, which favors long side more.
I am sure there are many such as myself still holding on to their long positions, even if they go short at some point makes it less likely to turn a PB into a full force reversal. I have other trades as well which is invested in dollar weakness to continue.. like you say a lot of uncertainty, but as a trader I can only stick to the current strength which is riding dollar weakness.
Remains to be seen..
Attached Image (click to enlarge)
Click to Enlarge Name: 20200310_222354.jpg Size: 600 KB
Nobody ever made a dime by panicking. Jim C
  • #126
  • Mar 11, 2020 12:56am Mar 11, 2020 12:56am
Watch out for Crimson and Gold!

Attached Image


Crimson: 1.1475
Gold Range: 1.14 - 1.136
Learn from your mistakes and march on.
  • #127
  • Edited 2:08am Mar 11, 2020 1:09am | Edited 2:08am
Looks like I lost my low impact status (the yellow diamond). I have no idea why.

And it's ironic that this would happen to me, since I have spent so much time sharing information on here to add value to FF.

What a faulty system!

It's like giving a hard-working person a reward for his effort only to take it back days later. What a strange place FF is!

Well, maybe I should just move on then. There is no sense in sacrificing any more of my time trying to help people on here if I am going to be treated like this, to be treated like what I have done isn't worth anything.

Take care people! I hope you have found what I shared useful. Apparently, FF doesn't seem to think it's worth much.
Learn from your mistakes and march on.
  • #128
  • Mar 11, 2020 4:56am Mar 11, 2020 4:56am
Quoting here2there
Looks like I lost my low impact status (the yellow diamond). I have no idea why. And it's ironic that this would happen to me, since I have spent so much time sharing information on here to add value to FF. What a faulty system! It's like giving a hard-working person a reward for his effort only to take it back days later. What a strange place FF is! Well, maybe I should just move on then. There is no sense in sacrificing any more of my time trying to help people on here if I am...
Contact them and ask them why. Maybe they will fix it.
  • #129
  • Mar 11, 2020 5:48am Mar 11, 2020 5:48am
Quoting here2there
Looks like I lost my low impact status (the yellow diamond). I have no idea why. And it's ironic that this would happen to me, since I have spent so much time sharing information on here to add value to FF. What a faulty system! It's like giving a hard-working person a reward for his effort only to take it back days later. What a strange place FF is! Well, maybe I should just move on then. There is no sense in sacrificing any more of my time trying to help people on here if I am...
The diamonds mean squat, come and go.
The amount of followers bumps up the score...
  • #130
  • Edited 6:25am Mar 11, 2020 6:04am | Edited 6:25am
Quoting moodybot
{quote} The diamonds mean squat, come and go. The amount of followers bumps up the score...
Red diamond means that "senior" member has the power to suspend another member.

Quoting here2there
Looks like I lost my low impact status (the yellow diamond). I have no idea why. And it's ironic that this would happen to me, since I have spent so much time sharing information on here to add value to FF. What a faulty system! It's like giving a hard-working person a reward for his effort only to take it back days later. What a strange place FF is! Well, maybe I should just move on then. There is no sense in sacrificing any more of my time trying to help people on here if I am...
I shared live calls but nobody cares, don't take it too seriously it's normal. (If I receive red diamond subscribers then I consider posting more detailed calls, now no incentive. )

You lost your yellow diamond because your few subscribers unsubscribed from you. You are useless bs noise on FF.
Know what you trade
  • #131
  • Edited 6:22am Mar 11, 2020 6:09am | Edited 6:22am
Quoting here2there
Looks like I lost my low impact status (the yellow diamond). I have no idea why. And it's ironic that this would happen to me, since I have spent so much time sharing information on here to add value to FF. What a faulty system! It's like giving a hard-working person a reward for his effort only to take it back days later. What a strange place FF is! Well, maybe I should just move on then. There is no sense in sacrificing any more of my time trying to help people on here if I am...
Before whinning stupidly you should have read this AND DONE YOUR HOMEWORK ! :


Impact Ranking System

The Member Impact Ranking System (MIRS) ranks members based on the number of subscribers they have. The system's primary purpose is to highlight members who post quality information, so traders can sort through posted content faster. Members who have impact are highlighted with one of three icons:

= High Impact Member = Top 2%

= Medium Impact Member = Top 5%

= Low Impact Member = Top 10%

To illustrate, a member displaying a high-impact icon () next to their username is ranked 'high impact,' signifying that when they make a post, lots of traders are alerted via their 'Subscriptions.' Technically, more traders are alerted than when 98% of members make a post, since high-impact members represent the top 2%.

MIRS considers both 'Buddies' and 'Subscribers' (found in profile 'Network' block) to be a subscriber, since buddies are simply mutually-subscribed members. However, there are some subscribers that do not count, as explained in the following 'Caveats' section. Also, commercial members are excluded from the system at this time.

MIRS has several ancillary uses as well. For instance, you can filter the Trade Feed by impact, posting in threads can be restricted by impact, and thread starting in the Interactive Trading forum is restricted to members with impact.

Subscriber Caveats

While rankings are 'based on the number of subscribers' a member has, there are two types of subscribers that do not count toward a member's rank:

Caveat 1: A subscription from a member who joined less than six months ago does not count. This defends against system abuse, and somewhat insulates the rankings from novice traders.

Caveat 2: A subscription from a member who's been inactive for more than six months does not count. This helps keep the rankings current by discounting the affect of inactive members.

Ranking Formula

The MIRS formula is completely transparent. Rankings are formulated through the following process:

  1. List all non-commercial members who have at least one subscriber or subscription
  2. Calculate how many subscribers each member has (both 'Buddies' and 'Subscribers')
  3. Exclude subscribers who joined less than six months ago
  4. Exclude subscribers who have been inactive for more than six months
  5. Order the list by number of included subscribers
  6. Divide the list into percentiles, with each percentile holding an equal number of members
  7. Rank members who fall into the 1st or 2nd percentile as 'high impact'
  8. Rank members who fall into the 3rd through 5th percentiles as 'medium impact'
  9. Rank members who fall into the 6th through 10th percentiles as 'low impact'

Frequent Questions

How many subscribers do I need to be ranked?

It depends on the current size of the membership and the activity status of your subscribers, but an approximate answer can be found by analyzing low impact members on the member list. That page also contains a 'Member Stats' block that tallies the number of members currently ranked high/medium/low.

  • #132
  • Mar 11, 2020 6:19am Mar 11, 2020 6:19am
Quoting here2there
Looks like I lost my low impact status (the yellow diamond). I have no idea why. And it's ironic that this would happen to me, since I have spent so much time sharing information on here to add value to FF. What a faulty system! It's like giving a hard-working person a reward for his effort only to take it back days later. What a strange place FF is! Well, maybe I should just move on then. There is no sense in sacrificing any more of my time trying to help people on here if...
Nobody seems interested enough to what you write to subscribe to you. This explains that you got a low ranking in the automatic ranking system.

As this ranking is relative and daily checked you just lost your place
Attached Image
  • #133
  • Mar 11, 2020 8:04am Mar 11, 2020 8:04am
Quoting parisboy
{quote} Before whining stupidly you should have read this AND DONE YOUR HOMEWORK !
You, apparently, didn't get my point!

I read the info, which is why I said the system is faulty. It doesn't actually reward people for their effort and the value they add to the FF forum, but for their popularity! Typical social media validation nonsense!

And my complaint isn't stupid, but legitimate. The system needs to be changed. It's unfair.

It was unnecessary for you to be so rude towards me.

Looks like you didn't read rule #3 of this thread.
Learn from your mistakes and march on.
  • #134
  • Mar 11, 2020 8:21am Mar 11, 2020 8:21am
Quoting moodybot
{quote} The diamonds mean squat, come and go. The amount of followers bumps up the score...
And that is a big problem, because the algo doesn't put into consideration the value a person adds to FF. And if you rub one of those popular red diamond people the wrong way, you could be toast!

The system needs to be changed.

And by the way, it is very difficult to get followers on here. I am guessing it was easier years ago when forums were more popular and people were typically more social. But times have changed.
Learn from your mistakes and march on.
  • #135
  • Mar 11, 2020 8:23am Mar 11, 2020 8:23am
Thread was just started man. Give it some time. Not sure why the tension or need to have this FF approval. Just go with the flow. Also here2there, you are the moderator and can simply delete posts no? Take the BS destructive negative useless posts and simply punt them. Others do it on their threads. There is no need for this juvenile garbage. The thread is less than a week old and so what is to be expected? I do not get it? Be patient. Let things go with the flow. Enjoy.
  • #136
  • Mar 11, 2020 8:30am Mar 11, 2020 8:30am
Quoting enarco
Thread was just started man. Give it some time. Not sure why the tension or need to have this FF approval. Just go with the flow. Also here2there, you are the moderator and can simply delete posts no? Take the BS destructive negative useless posts and simply punt them. Others do it on their threads. There is no need for this juvenile garbage. The thread is less than a week old and so what is to be expected? I do not get it? Be patient. Let things go with the flow. Enjoy.
As the Admin of the thread, I do not have the authority to remove comments.

What it all really comes down to is perception of value.

My time is worth something to me. If my time and content is generally perceived as worthless, then I am in the wrong place.
Learn from your mistakes and march on.
  • #137
  • Mar 11, 2020 8:33am Mar 11, 2020 8:33am
Quoting here2there
{quote} As the Admin of the thread, I do not have the authority to remove comments. What it all really comes down to is perception of value. My time is worth something to me. If my time and content is generally perceived as worthless, then I am in the wrong place.
Those who seek good information will get it. Don't let this get to you. Just be here and share your ideas, we do appreciate everything you share. Trade safe.
  • #138
  • Mar 11, 2020 8:39am Mar 11, 2020 8:39am
@Techanalyst and enarco, if both of you appreciate here2there subscribe to him. He gets his yellow diamond back problem solved.
Know what you trade
  • #139
  • Mar 11, 2020 8:40am Mar 11, 2020 8:40am
Quoting BWilliam
@Techanalyst and enarco, if both of you appreciate here2there subscribe to him. He gets his yellow diamond back problem solved.
Shut up and share charts and ideas
  • #140
  • Mar 11, 2020 8:44am Mar 11, 2020 8:44am
Quoting enarco
The thread is less than a week old and so what is to be expected? I do not get it? Be patient. Let things go with the flow. Enjoy.
The thread isn't the problem. This thread has had more than 12,000 views since I started it.

The popularity of the thread and how many people subscribe to it does not impact my status whatsoever. People have to subscribe to you (your profile) to impact your status on here. That's the way the algo is set up.
Learn from your mistakes and march on.
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