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  • #156,761
  • Oct 28, 2009 11:44pm Oct 28, 2009 11:44pm
Quoting mmccormac
If you want green candles just go to the options in MT4 and make the down candles green
Got it, thanks, now we all agree.
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  • #156,762
  • Oct 28, 2009 11:47pm Oct 28, 2009 11:47pm
Quoting Spsantos
Thanks for the info!

Everyone! SHORT!



Oh, and where's that iggy button?
http://homepage.mac.com/wzimrin/IdiocyDemotivator.jpg
Not all sins are created equal
  • #156,763
  • Oct 28, 2009 11:48pm Oct 28, 2009 11:48pm
Quoting sinner-
1:10 trades using "fake" volume indicators. Hmmm....
Now there's an idea for an EA.

Call me stupid but even though the US futures market only represents a couple of percent
of the total volume traded in Forex, these are real contracts delt at recorded prices
and often times, on the small scale, paint a fairly accurate picture of where and when
price points of interest occurred, for how long and how active that level was.

Won't say I put all my eggs in that basket, but for a decent representation of volume
it's not the worst solution I could think of.....
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  • #156,764
  • Oct 28, 2009 11:51pm Oct 28, 2009 11:51pm
Hello everyone. Where can I get info on the number of positions of shorts vs longs? If there are more short positions open wont it go the opposite which is long? Thanks
Former Trader Of the Year of the 95% losing club! Retired
  • #156,765
  • Oct 28, 2009 11:54pm Oct 28, 2009 11:54pm
Quoting toshi
Well maybe right now it could be better to wait for the big news to release.
But as for 150, that wasn't a matter of trading a chart. That was an order flow, volume driven,
big round number come and get it type of trade. Those are less frequent
and carry high level of discretion on entry.

That's why trading at a figure that prominent will usually involve a drawdown,
but the real money changing hands at such a level can be substantial.
Therefore, the reaction we got (and are still getting) was understandable.

The out of the money calls were...

Hopefully you are right Toshi...

Looking at the USD index it looks like the double top resistance have beared below previous support line also so 76,250 should be around the corner...


people take a deep breath


By the way Toshi, looks like me options will give me a present before 26th nov
  • #156,766
  • Oct 28, 2009 11:56pm Oct 28, 2009 11:56pm
Quoting Rgali1
Hello everyone. Where can I get info on the number of positions of shorts vs longs? If there are more short positions open wont it go the opposite which is long? Thanks
there equal.. for every seller thers a buyer. and vice versa. but others can tell you where to get breakdown on whos doing what ...search koula he/she knows
those who can, do. those who cant, talk about those who can
  • #156,767
  • Oct 28, 2009 11:59pm Oct 28, 2009 11:59pm
Quoting Spsantos
Thanks for the info!

Everyone! SHORT!



Oh, and where's that iggy button?
Yes and no for me , just stuck with 1 short done in the morning before see charts carefully- a few pips down will do and that may be last one for now . Though bear bear play but I am thinking an intermediate bull in coming towards 1.4808/80/even 1.4924.

Anyway still believe another bear to come before the retracement towrads 1.4663.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #156,768
  • Oct 28, 2009 11:59pm Oct 28, 2009 11:59pm
Quoting toshi
Now there's an idea for an EA.

Call me stupid but even though the US futures market only represents a couple of percent
of the total volume traded in Forex, these are real contracts delt at recorded prices
and often times, on the small scale, paint a fairly accurate picture of where and when
price points of interest occurred, for how long and how active that level was.

Won't say I put all my eggs in that basket, but for a decent representation of volume
it's not the worst solution I could think of.....
Nice chart, I see high volume on down moves and low volume on retrace. Am I getting it now?
  • #156,769
  • Oct 29, 2009 12:00am Oct 29, 2009 12:00am
Quoting Rgali1
Hello everyone. Where can I get info on the number of positions of shorts vs longs? If there are more short positions open wont it go the opposite which is long? Thanks
http://fxtrade.oanda.com/tools/stati..._summary.shtml

This is the closes you get mate, only trades set in the oanda broker...

So more or less useless as we retail traders are only making 5% of the 3,7 trillion a day...
  • #156,770
  • Oct 29, 2009 12:01am Oct 29, 2009 12:01am
I understand that for every seller there is a buyer but what about open positions cant that be unequal? I believe I heard about indicators that are based on that called counterstrain.
Former Trader Of the Year of the 95% losing club! Retired
  • #156,771
  • Oct 29, 2009 12:01am Oct 29, 2009 12:01am
Quoting Rgali1
Hello everyone. Where can I get info on the number of positions of shorts vs longs?
If there are more short positions open wont it go the opposite which is long? Thanks
That info requires the knowledge of GOD, because all positions outstanding
in the OTC forex market are not accounted for using any tool known to man.

As for a Long/vs Short model published by a broker, not sure most would open their book
to the public, or to anyone for that matter, unless instructed to by regulators or law enforcement.

Oanda reports how many Long/Short they have on their books, IF you believe their numbers.

Take a look a the COT report every Friday. It shows net positions of futures traders
divided into different catagories of traders.

Else, one good indicator is right here on FF. Just watch an active thread
for a few hours and you'll get the idea of how many are long or short.

Take that number and multiply by about 50 million worldwide.
  • #156,772
  • Oct 29, 2009 12:03am Oct 29, 2009 12:03am
Quoting toshi
Now there's an idea for an EA.

Call me stupid but even though the US futures market only represents a couple of percent
of the total volume traded in Forex, these are real contracts delt at recorded prices
and often times, on the small scale, paint a fairly accurate picture of where and when
price points of interest occurred, for how long and how active that level was.

Won't say I put all my eggs in that basket, but for a decent representation of volume
it's not the worst solution I could think of.....
I am not even interested in the actual number of contracts traded. those spikes are all you need, to see what the big dog is doing.

Although I don't use futs volume they work fine I'm sure.

Check here to see answer to your Q Rgali1

http://www.dukascopy.com/swiss/engli...tch/sentiment/
  • #156,773
  • Oct 29, 2009 12:03am Oct 29, 2009 12:03am
Quoting Rgali1
Hello everyone. Where can I get info on the number of positions of shorts vs longs? If there are more short positions open wont it go the opposite which is long? Thanks

You can only have that on futures, check CME, it *is* an excelent proxy, if one knows what to do with the info.

Spot-fx wise, all talk about volume is boloney, you only get (if even you do) volume from your broker. Now if your account balance can shut us all, i won't argue with that, even within a couple of years.

Larseg & Toshi:

I am about to call it a day here, and stopping drawing lines all over these charts too.

So far my conclusions are do not trade until next month and watch PA around these levels, EUR/USD accounts for about 57.6% of the dollar index.

And these crossroads we're in its pretty much what we've been expecting since the first run up to 1.48 a few weeks back, the difference is that we hitted 1.50.

I have no problem to stay out and let the market throw in more structure to give me better judgement.
Doing that.
Traders are smartasses
  • #156,774
  • Oct 29, 2009 12:03am Oct 29, 2009 12:03am
Quoting Rgali1
Hello everyone. Where can I get info on the number of positions of shorts vs longs? If there are more short positions open wont it go the opposite which is long? Thanks
Here you go.

"EURUSD - The ratio of long to short positions in the EURUSD stands at 1.22 as nearly 55% of traders are long. Yesterday, the ratio was at 1.15 as 53% of open positions were long. In detail, long positions are 0.2% lower than yesterday and 85.8% stronger since last week. Short positions are 6.1% lower than yesterday and 32.2% weaker since last week. Open interest is 2.9% weaker than yesterday and 2.3% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD" losses.
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  • #156,775
  • Oct 29, 2009 12:04am Oct 29, 2009 12:04am
Quoting wwwin
Nice chart, I see high volume on down moves and low volume on retrace.


Am I getting it now?
Man, I hope someone gets it so they can tell ME what's gonna happen.

I've been guessing for years.
  • #156,776
  • Oct 29, 2009 12:07am Oct 29, 2009 12:07am
Quoting Spsantos
You can only have that on futures, check CME, it *is* an excelent proxy, if one knows what to do with the info.

Spot-fx wise, all talk about volume is boloney, you only get (if even you do) volume from your broker. Now if your account balance can shut us all, i won't argue with that, even within a couple of years.

Larseg & Toshi:

I am about to call it a day here, and stopping drawing lines all over these charts too.

So far my conclusions are do not trade until next month and watch PA around these levels, EUR/USD accounts for about 57.6%...
What about aggregate volume feeds? What about using tick volume from dodgy brokers as a contrarian indicator of dumb money? What about...nevermind, you figure it out.

Frankly, the only volume feed that matters for E/U anyway is the S&P500 volume, considering the two instruments are 90% correlated since the crash.
  • #156,777
  • Oct 29, 2009 12:08am Oct 29, 2009 12:08am
Quoting Larseg
By the way Toshi, looks like me options will give me a present before 26th nov
Shoot, for 15 grand (I think you spent) I'd expect a present too.
Maybe even a lap dance. you should call your broker.
  • #156,778
  • Oct 29, 2009 12:09am Oct 29, 2009 12:09am
Quoting cobraforex
Good luck with your broker, volume feed and all other crap, was looking at your journal, it says all.

If you would be more informed you would know that I don't trade EAs.

You and many other suckers (that come and go) are the reason why this thread is what it is, hope not to cross your way again bigmouth.
Which journal? I gave up on it to post all my calls live in this forum. Why don't you check my posts in GBP/CHF, GBP/JPY, GBP/USD threads?
  • #156,779
  • Oct 29, 2009 12:10am Oct 29, 2009 12:10am
My think is today is down...

Nikkei 255 close ~ 9850 ~ - 2.2 %

Dax open and move down ~ 5.350 ~ 2.5 %

US SP 500 ~ 1000 - 1020

DJI ~ 9600 - 9830

EUR/USD ~ 1.4598 -1.4531
  • #156,780
  • Oct 29, 2009 12:10am Oct 29, 2009 12:10am
Quoting sinner-
What about aggregate volume feeds? What about using tick volume from dodgy brokers as a contrarian indicator of dumb money? What about...nevermind, you figure it out.

Frankly, the only volume feed that matters for E/U anyway is the S&P500 volume, considering the two instruments are 90% correlated since the crash.
i've been missing a lot of movies lately, I see.
Traders are smartasses
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