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  • #3,341
  • Nov 7, 2007 1:53pm Nov 7, 2007 1:53pm
Quoting FXSurfer
Is it reasonable to assume that even though MB(?)/EFX Level II isn't completely transparent.
You're seeing a big enough sample to give you about the same end result as seeing all the banks transactions?

Not sure if I'm asking my question correctly. LOL
Your only seeing the orders that are going though MB, which will be only a tiny % of the concurrent orders in the market, so the information is not that useful. This is unlike centralized markets (e.g. DAX) where you are seeing all orders.
The breaking of a wave cannot explain the whole sea.
  • #3,342
  • Nov 7, 2007 2:07pm Nov 7, 2007 2:07pm
Quoting Craig
Your only seeing the orders that are going though MB, which will be only a tiny % of the concurrent orders in the market, so the information is not that useful. This is unlike centralized markets (e.g. DAX) where you are seeing all orders.
Yep... this is the big reason to start using FX futures, if and when your account is at least $5k-$10k. Spot market data will even vary between one ECN broker and another, because each one of them deals with a different set of banks. A centralized commodities exchange, such as the CME/Globex wouldn't have this problem.
  • #3,343
  • Nov 7, 2007 2:17pm Nov 7, 2007 2:17pm
Market depth can be deceiving, and it does change rapidly. But when you see huge orders coming in at a certain level you know that somebody with big $$$ is pretty willing to defend a certain level. I'm not an expert with this stuff though, some people use level 2 exclusively.
The breaking of a wave cannot explain the whole sea.
  • #3,344
  • Nov 7, 2007 2:17pm Nov 7, 2007 2:17pm
Quoting FXSurfer
a big enough sample
So the "sample size" theory isn't really valid?
:
  • #3,345
  • Nov 7, 2007 2:54pm Nov 7, 2007 2:54pm
Good Evening guys,

FXSurfer, have a question to you, had seen that u uses the SupderDOM from NT, did u can use it live with the demo or have to register for live version, also can u trade microlots with the DOM or only EFX Lots???

another thing i had found from, what should i write watch!
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  • #3,346
  • Nov 7, 2007 8:16pm Nov 7, 2007 8:16pm
I see some people are trading futures. Could anyone recommend a broker providing an unlimited demo with live feed? Or with a small minimum to open a live account? Thank you
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #3,347
  • Nov 7, 2007 9:54pm Nov 7, 2007 9:54pm
...
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  • #3,348
  • Nov 7, 2007 11:14pm Nov 7, 2007 11:14pm
Quoting eyecelll
I see some people are trading futures. Could anyone recommend a broker providing an unlimited demo with live feed? Or with a small minimum to open a live account? Thank you

http://www.interactivebrokers.com/ibg/main.php
Enter Signature
  • #3,349
  • Edited 1:43am Nov 8, 2007 12:24am | Edited 1:43am
Quoting Iqtrading
Good Evening guys,

FXSurfer, have a question to you, had seen that u uses the SupderDOM from NT, did u can use it live with the demo or have to register for live version, also can u trade microlots with the DOM or only EFX Lots???

another thing i had found from, what should i write watch!
Hi Iq!

I'm back to OANDA charts for now until I improve my basic skills
some more. Too confusing for me to follow DOM and rainbow.
An important note: I'm a real NB! I just manage to sound intelligent
and have a really good avatar. LOL Actually, my "skills" are improving
by degrees albeit slowly. That's fine with me since I'm in it for the
long haul! I hope that those with more experience will now reply to
your questions!

Have a great day!
  • #3,350
  • Nov 8, 2007 1:09am Nov 8, 2007 1:09am
Quoting linuxtroll
Two stop huntings... 166.30 and then 166.05...
A question LT: Are the reversals after they gun the market usually
this good? If this is stop hunting, maybe it isn't that bad. LOL
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  • #3,351
  • Edited 6:00am Nov 8, 2007 1:59am | Edited 6:00am
Quoting FXSurfer
Hi Iq!

I'm back to OANDA charts for now until I improve my basic skills
some more. Too confusing for me to follow DOM and rainbow.
An important note: I'm a real NB! I just manage to sound intelligent
and have a really good avatar. LOL Actually, my "skills" are improving
by degrees albeit slowly. That's fine with me since I'm in it for the
long haul! I hope that those with more experience will now reply to
your questions!

Have a great day!
What is NB??? If u mean newbie, I must correct u, have seen many many many jumps on the rainbow thats are pretty fine... for me have no confidence to ride it when it goes up, down looks easier for me ... Thats newbie action on me or lack of confidence in identifiying upmoves, but your posts are helping me. And u and the others have great post, I'm not ready with the whole thread, but today i will get it, then i coming to demo...

Nice Rainbow in your chart...
  • #3,352
  • Nov 8, 2007 3:18am Nov 8, 2007 3:18am
How are you guys determining exits? I just keep a mental 3-5 pip profit but that doesn't always work out.
  • #3,353
  • Nov 8, 2007 3:27am Nov 8, 2007 3:27am
Quoting TypeSzH
How are you guys determining exits? I just keep a mental 3-5 pip profit but that doesn't always work out.
I think it is better to think of it the other way 'round... how do you determine your entries? cause if entries are perfect, exits are easy.
  • #3,354
  • Nov 8, 2007 3:36am Nov 8, 2007 3:36am
I enter usually when the spine cuts a H or V line. So its very easy determining the entries but not so quite clear for the exits. Atleast for me
  • #3,355
  • Nov 8, 2007 3:40am Nov 8, 2007 3:40am
Quoting TypeSzH
3-5 pip profit
Quoting TypeSzH
I enter usually when the spine cuts a H or V line.
If you're trading the spine you can probably shoot for a few
more pips.
  • #3,356
  • Nov 8, 2007 3:42am Nov 8, 2007 3:42am
Aussie Aussie Aussieeeee.

http://thehoddlegrid.net/dump/AUDJPY081107.jpg
  • #3,357
  • Edited 5:42am Nov 8, 2007 4:11am | Edited 5:42am
for me is better to go for 5-10 pips
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  • #3,358
  • Nov 8, 2007 4:11am Nov 8, 2007 4:11am
Quoting FXSurfer
If you're trading the spine you can probably shoot for a few
more pips.


Yea but only if it is trending. I see a lot of false breakouts on the USD/JPY
  • #3,359
  • Nov 8, 2007 4:32am Nov 8, 2007 4:32am
Quoting italianfx
for me is better to go for 5-10 pips
Are you still using the swing low/high then spine cut h/v line to enter?
  • #3,360
  • Nov 8, 2007 4:42am Nov 8, 2007 4:42am
Quoting TypeSzH
Are you still using the swing low/high then spine cut h/v line to enter?
yes but spine crossing H/V-line is just a confirmation, I do not enter each time the spine cross an H/V-Line

in my previus charts - is entry and + is to show where the spine was crossing an H/V-Line
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