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EURUSD

  • #46,821
  • Nov 24, 2008 2:50pm Nov 24, 2008 2:50pm
Quoting doblece
Daily range at the moment: 361 pips
how do you find the daily range?
  • #46,822
  • Nov 24, 2008 2:54pm Nov 24, 2008 2:54pm
Classic sign of a fake out - lower volume on the run ups.
Check the volume of shares traded today, even on the spike upwards. (on the DOW)

Yes - I'm on the short bus and will look like I have a crystal ball by Wednesday.

Happy Trading!
  • #46,823
  • Nov 24, 2008 2:59pm Nov 24, 2008 2:59pm
Quoting flakk2000
how do you find the daily range?
I found this on a another forum give it ago
Attached File(s)
File Type: mq4 FerruFx_Multi_info+_light_chart_v1.1.mq4   86 KB | 486 downloads
  • #46,824
  • Nov 24, 2008 3:03pm Nov 24, 2008 3:03pm
Quoting dwildes
Classic sign of a fake out - lower volume on the run ups.
Check the volume of shares traded today, even on the spike upwards. (on the DOW)

Yes - I'm on the short bus and will look like I have a crystal ball by Wednesday.

Happy Trading!
Just like you said there is a lot of times that last spike up.. or fake out.. to shake out a lot of the shorts and to hit stops (IMO) before the real move heads back down.. I've been waiting since thursday for the perfect spot to jump in short.. and scalping during the wait.

maybe the timing is finally right. not convinced quite yet though
  • #46,825
  • Nov 24, 2008 3:05pm Nov 24, 2008 3:05pm
Galation,

Go to the COT report and u will see banks are long Eur but Hedge funds are short. I would follow Hedge funds on the short term.
  • #46,826
  • Nov 24, 2008 3:09pm Nov 24, 2008 3:09pm
Can you explain COT or where to find out more info about it?
Many thanks.
  • #46,827
  • Nov 24, 2008 3:19pm Nov 24, 2008 3:19pm
Quoting zaqzaq
Can you explain COT or where to find out more info about it?
Many thanks.
Commitment of traders

try here
http://www.commitmentoftraders.com
  • #46,828
  • Nov 24, 2008 3:37pm Nov 24, 2008 3:37pm
Many thanks.
  • #46,829
  • Nov 24, 2008 3:47pm Nov 24, 2008 3:47pm
Quoting Galation
How do you know the banks are net long?
He made it up.
  • #46,830
  • Nov 24, 2008 3:49pm Nov 24, 2008 3:49pm
Go to www.cftc.gov
scroll down to Commitment of traders click on it,look to the right for current reports click on it,
scroll down to futures and options link across from chicago mercantile exchange and click on long form.
  • #46,831
  • Nov 24, 2008 3:50pm Nov 24, 2008 3:50pm
Quoting flakk2000
how do you find the daily range?
Uhh, high minus low will do it for most of us. No need for an indicator if you can handle the math.
  • #46,832
  • Nov 24, 2008 3:51pm Nov 24, 2008 3:51pm
Quoting kaar411
Galation,

Go to the COT report and u will see banks are long Eur but Hedge funds are short. I would follow Hedge funds on the short term.
How do you use this on a short term basis when it only comes out weekly after the fact ?
  • #46,833
  • Nov 24, 2008 3:56pm Nov 24, 2008 3:56pm
they are reported on tues. cftc puts it out on friday, it takes large institutions weeks to unload or add positions, keeping a weekly record in an excel spreadsheet will give you an insight into when position direction is occuring.
  • #46,834
  • Edited 7:23pm Nov 24, 2008 4:09pm | Edited 7:23pm
I looking for some Swing Short, and technically very good price::

EUR/USD Long near 1.2817
GBP/USD Long near 1.5053
AUD/USD Long near 0.6413
NZD/USD Long near 0.5397

USD/CAD Sell near 1.2447
USD/CHF Sell near 1.2065
USD/JPY Buy near 96.23

Hold EUR/JPY GBP/JPY EUR/CHF EUR/GBP Long
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  • #46,835
  • Nov 24, 2008 4:17pm Nov 24, 2008 4:17pm
Quoting flakk2000
how do you find the daily range?
Lowest Low to Highest High for the day.
Total at close: 388 pips
  • #46,836
  • Nov 24, 2008 4:19pm Nov 24, 2008 4:19pm
Quoting Algirdas
I looking to add in market but technically very good price::

EUR/USD Long near 1.2817
GBP/USD Long near 1.5053
AUD/USD Long near 0.6413
NZD/USD Long near 0.5397

USD/CAD Sell near 1.2447
USD/CHF Sell near 1.2065
USD/JPY Buy near 96.23

Hold EUR/JPY GBP/JPY EUR/CHF EUR/GBP Long
really
  • #46,837
  • Nov 24, 2008 4:55pm Nov 24, 2008 4:55pm
I wonder if we are going to any retrace soon after this 400 pip run up...
  • #46,838
  • Nov 24, 2008 4:57pm Nov 24, 2008 4:57pm
Quoting SunTrader
How do you use this on a short term basis when it only comes out weekly after the fact ?
LOL! Probably the same way some folks here "scalp" one minute charts using Daily, Weekly and Monthly trendlines to help them make their trading decisions http://www.forexfactory.com/images/icons/icon10.gif

Sorry, I'm just in a very cynical mood today (maybe ornery is a better word).
  • #46,839
  • Nov 24, 2008 5:09pm Nov 24, 2008 5:09pm
Quoting Jack Herer
I wonder if we are going to any retrace soon after this 400 pip run up...
i am betting on it...
small trade... short at 21:32 GMT @ 2909...

opps ...
  • #46,840
  • Nov 24, 2008 5:16pm Nov 24, 2008 5:16pm
.... with shorts.
if 1.30 do not hold in Asian Market.
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