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  • #2,901
  • Aug 19, 2009 12:22pm Aug 19, 2009 12:22pm
Quoting taomql4
Well, Wall street is about to dance dow 9970--don't
ask me why..lol--

i think geppy is about to break that symmetry-

this is what is bothering me ..... 155 loads sellers then no buying pressure there on in

now ut 5 min 155.50

this just looks like a trap to me. short 155.50 stop be asap

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #2,902
  • Aug 19, 2009 12:33pm Aug 19, 2009 12:33pm
Attached Image (click to enlarge)
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Quoting malcolmb14
this is what is bothering me ..... 155 loads sellers then no buying pressure there on in

now ut 5 min 155.50

this just looks like a trap to me. short 155.50 stop be asap

Attachment
oh no-am not buying noww-
  • #2,903
  • Aug 19, 2009 1:09pm Aug 19, 2009 1:09pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting malcolmb14
this is what is bothering me ..... 155 loads sellers then no buying pressure there on in

now ut 5 min 155.50

this just looks like a trap to me. short 155.50 stop be asap

Malcolm,

I see you use the FX GBP/JPY on eSignal.

Is there reasoning over why you use FX and it's respective volume (gbpy a0-fx) rather than CME futures and it's respective volume (I use a custom symbol of G/U and U/J together).

The volumes are fairly close between both these options. Just minor differences.

The price-bars are very different. The FX version has what I would call more noise - assuming this is because of all the quote sources.


Regards,

Magnus


EDIT: Added chart - LEFT: FX GBP/JPY and RIGHT: CME Composite GBP/JPY of GBP/USD and JPY/USD
Attached Image (click to enlarge)
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  • #2,904
  • Aug 19, 2009 1:35pm Aug 19, 2009 1:35pm
Quoting Yuppie
Malcolm,

I see you use the FX GBP/JPY on eSignal.

Is there reasoning over why you use FX and it's respective volume (gbpy a0-fx) rather than CME futures and it's respective volume (I use a custom symbol of G/U and U/J together).

The volumes are fairly close between both these options. Just minor differences.

The price-bars are very different. The FX version has what I would call more noise - assuming this is because of all the quote sources.


Regards,

Magnus


EDIT: Added chart - LEFT: FX GBP/JPY and RIGHT: CME Composite GBP/JPY of GBP/USD...
I trade many things , stocks us and cad , futures and fx ... esignal covers them all
Blogging daily now at www.volume.zone
  • #2,905
  • Aug 19, 2009 1:41pm Aug 19, 2009 1:41pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting malcolmb14
I trade many things , stocks us and cad , futures and fx ... esignal covers them all

I don't think I explained myself properly.

Why do you use the spotFX price and volume in eSignal, and not the futures price and volume?


Magnus
  • #2,906
  • Aug 19, 2009 1:48pm Aug 19, 2009 1:48pm
Quoting Yuppie
I don't think I explained myself properly.

Why do you use the spotFX price and volume in eSignal, and not the futures price and volume?


Magnus
that is easy I trade gj so why make thing complicated on my self by trying to combine 2 separate charts.....????

this chart posted earlier shows the move 153.80 to 155.50 very nicely .I am now looking for sells in asia due to weakness on 15 min chart. i would not be surprised to see up move to 156 just before Tokyo comes on line

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Blogging daily now at www.volume.zone
  • #2,907
  • Aug 19, 2009 2:06pm Aug 19, 2009 2:06pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting malcolmb14
that is easy I trade gj so why make thing complicated on my self by trying to combine 2 separate charts.....????

Right, I'll have one more go at this... Am I really not explaining myself properly?...

Your charts are of the spotFX market that eSignal provide. The symbol is GBPJPY A0-FX - this can be seen in the top-left corner of your charts. Your price and volume are both from the spotFX market.

Now, in eSignal, it is possible to create a composite chart of the G/U Future and U/J Future. This provides ONE chart comprising of the G/U and U/J futures creating a G/J composite chart. The volume on the chart is also a composite of the two initial pairs.

If you look at my charts in the previous post you will see that one chart was spotfx (the one you typical show) and the other was the composite of the futures.

Is there any reason(s) to use spot instead of the future?


Magnus
  • #2,908
  • Aug 19, 2009 3:19pm Aug 19, 2009 3:19pm
Quoting PJkiller
You called it last night bro. Did you stay up and trade it or not. I was to tired went out an hour before the drop. I was thinking this up move could possibly hit 154.40ish but 26 pips on 3/4 position was plenty against the trend.

PJKiller,

Nice trading mate. Tight stuff.

MM
"If it bleeds ... we can kill it"
  • #2,909
  • Aug 19, 2009 3:33pm Aug 19, 2009 3:33pm
Quoting Yuppie
Right, I'll have one more go at this... Am I really not explaining myself properly?...

Your charts are of the spotFX market that eSignal provide. The symbol is GBPJPY A0-FX - this can be seen in the top-left corner of your charts. Your price and volume are both from the spotFX market.

Now, in eSignal, it is possible to create a composite chart of the G/U Future and U/J Future. This provides ONE chart comprising of the G/U and U/J futures creating a G/J composite chart. The volume on the chart is also a...

there are gj futures but the volumes are very thin . I use futures for daily analysis and other than that spot volume works well
Blogging daily now at www.volume.zone
  • #2,910
  • Aug 19, 2009 3:52pm Aug 19, 2009 3:52pm
Hey Malcolmb,

Thanks for all the charts over the last session... all good stuff. Question... do you trade GJ solely in your FX book?

Cheers.
"If it bleeds ... we can kill it"
  • #2,911
  • Aug 19, 2009 3:58pm Aug 19, 2009 3:58pm
Quoting Ari Gold
Hey Malcolmb,

Thanks for all the charts over the last session... all good stuff. Question... do you trade GJ solely in your FX book?

Cheers.
yes I find focusing on one pair only increases profit
Blogging daily now at www.volume.zone
  • #2,912
  • Aug 19, 2009 4:06pm Aug 19, 2009 4:06pm
With you on that one. What broker/spread to you typically trade on?
"If it bleeds ... we can kill it"
  • #2,913
  • Edited 6:27pm Aug 19, 2009 6:16pm | Edited 6:27pm
Looks like i might be talking to myself again today...

Sold eurodollar. Buying climax with increasing volume on a down bar after a failed supply test on 1hr (dudes... correct me if im wrong)

15min bearish outside bar on increased vol gave me enough to enter short. Very contertrend. Aiming for around 1.4190. Expecting some immediate weakness in chinese stockmarket (again) today. No domestic data out so I would expect some profit taking if the SSE does come off again.

Cheers,
Attached Image (click to enlarge)
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"If it bleeds ... we can kill it"
  • #2,914
  • Aug 19, 2009 7:00pm Aug 19, 2009 7:00pm
Quoting Ari Gold
Looks like i might be talking to myself again today...

Sold eurodollar. Buying climax with increasing volume on a down bar after a failed supply test on 1hr (dudes... correct me if im wrong)

15min bearish outside bar on increased vol gave me enough to enter short. Very contertrend. Aiming for around 1.4190. Expecting some immediate weakness in chinese stockmarket (again) today. No domestic data out so I would expect some profit taking if the SSE does come off again.

Cheers,
Hi Ari, just wanted to give you my take on E/U. I'm not sure if I'm correct or not, but it looks like the next bar after the downbar with increased volume is up, isn't it? That would make me think it is buying (re-accumulation after a lot of profit taking from the previous up move).

I would be careful doing a short here; like you said it is counter-trend, and I just don't see enough selling to get it going south yet.

Hope this is helpful. Mal, etc., correct me if I'M wrong.

P.S. Hop in the chat when you're trading and we can talk real-time. Good luck!

Cory
  • #2,915
  • Aug 19, 2009 7:09pm Aug 19, 2009 7:09pm
Quoting Ari Gold
Looks like i might be talking to myself again today...

Sold eurodollar. Buying climax with increasing volume on a down bar after a failed supply test on 1hr (dudes... correct me if im wrong)

15min bearish outside bar on increased vol gave me enough to enter short. Very contertrend. Aiming for around 1.4190. Expecting some immediate weakness in chinese stockmarket (again) today. No domestic data out so I would expect some profit taking if the SSE does come off again.

Cheers,
Remember I told you it was going here yesterday? Well this thing is not spent yet and I wouldn't short it just yet. Cheers
Attached Image (click to enlarge)
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  • #2,916
  • Aug 19, 2009 7:16pm Aug 19, 2009 7:16pm
Yeah man... i got stopped on the highs... 2 upthrust bars around last ngihts highs... i sold it again. WIll keep the stop tighter on this but im thinkin ill see something on the downside.
"If it bleeds ... we can kill it"
  • #2,917
  • Aug 19, 2009 7:23pm Aug 19, 2009 7:23pm
Quoting Ari Gold
Yeah man... i got stopped on the highs... 2 upthrust bars around last ngihts highs... i sold it again. WIll keep the stop tighter on this but im thinkin ill see something on the downside.
The SM always do that. The shake you out, when it goes the wrong way initially. It was a perfect shake-out on most pairs. The last 4hr bar is the highest vol so far and it mid is 1.4175. A retracement to that point is possible. Good luck chum. Cheers
  • #2,918
  • Aug 19, 2009 7:50pm Aug 19, 2009 7:50pm
Yeah bro... almost identical move yesterday in asia. Knew i would kick myself if i didnt trade it tenaciously... even if it meant losing 15 more pips. Shes pretty offered now thouhg. TP @ 1.4190.
"If it bleeds ... we can kill it"
  • #2,919
  • Edited 8:12pm Aug 19, 2009 7:55pm | Edited 8:12pm
Quoting chalk54
Remember I told you it was going here yesterday? Well this thing is not spent yet and I wouldn't short it just yet. Cheers

I sure do remember. I was lucky i dragged 22 pips out of it before she popped. Man she rallied hard too. Good call.
"If it bleeds ... we can kill it"
  • #2,920
  • Aug 19, 2009 8:16pm Aug 19, 2009 8:16pm
Quoting Ari Gold
I sure do remember. I was lucky i dragged 22 pips out of it before she popped. Man she rallied hard too. Good call.
The thing though is to keep the lot size very low as it can take all the beating thrown at it before it hits TP. Cheers
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