DislikedAnd the volatility for gold is a real beauty.
2000 pips per day is not an exception.
100 pips per minute happens very often.
ShamuIgnored
Yes, it shows significant moves, but spreads are wide too.
The Thief of Wall Street
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DislikedAnd the volatility for gold is a real beauty.
2000 pips per day is not an exception.
100 pips per minute happens very often.
ShamuIgnored
DislikedAfter a week of being down without internet and movers distroying my trading PC I am back at it.
This next week I am going to be looking for failures in the 3500, 3520, and 3560 areas to start shorting this pair. Of course PA will determine if those areas are valid. I am using the pivot points from a week ago and they appear to still be intact. Again, price will tell.
Take care everyone and trade what you see.Ignored
DislikedAfter a week of being down without internet and movers distroying my trading PC I am back at it.
This next week I am going to be looking for failures in the 3500, 3520, and 3560 areas to start shorting this pair. Of course PA will determine if those areas are valid. I am using the pivot points from a week ago and they appear to still be intact. Again, price will tell.
Take care everyone and trade what you see.Ignored
DislikedJust being curious, why are you looking for failure as oppose to buying the dips in the context of the prevailing PA ? Are your indicators more effective in spotting failure becos so far I have not come across any indicators that can generate a failure signal other than indicating a topping/stalling/basing signals.
I may be missing something here and will appreciate to learn your rationale supporting those calls.
Thx in advance.Ignored
DislikedI suppose I could say it is my feel good indicator but that would be a lie. I might be using different time frames than you. I look at the daily and weekly and then use tick charts to determine entry exit. The prevailing trend on my charts are flat on the monthly and the weekly is buried on short. With the monthly being flat that could mean it is getting ready to go long. If that happens I would expect somewhere in the 3860 area, but not this week.
The weekly is showing the current trend as a pullback to the prevailing short...so far. Again, pa...Ignored
DislikedLast, I am also using daily weekly and monthly chart but for a different reason. Its a definite nono for me to use those m/t charts to trade intraday which you apparently do. I wish you the best.
Thx again for your story and a story then that I will definitely believe.Ignored
DislikedAnd please don't forget to use your "INSTINCT" indicator and your "GOOD FEEL" indicator.
Success guaranteed.Ignored
DislikedHi Arthur,
I look at this report every week and try to understand what it is telling me, to no avail.
I wonder if you could help the uninitiated, like me, with your take on how to read these figures, and what we should be looking for.
Thanks in advance.Ignored
DislikedIgnored
Dislikedthe cot measures both institutional and non institutional futures contract open interest as separate. The "idea" is that institutional open interest in a pair is opposite to their spot market or shorter term positions as a hedge, but I am not so sure about that. The non institutional open interest represents other players, and often seems to be in contrast to the institutions. I spent a lot of time a year ago looking at this data, developed my own charts and frankly, found it inconsistent as an indicator. The site i linked to, runs a pretend portfolio...Ignored
Disliked..Other than that and years of chart time, everything is the same as everyone else.
Take care and make lots of points.Ignored