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Oanda Order Book

  • #1
  • First Post: Mar 9, 2010 4:31pm Mar 9, 2010 4:31pm
Hello,

Not too sure if anyone has seen this use this. Just found this a little interesting to see someone show what their customers are doing - or even attempted to use this to find their trading edge?

http://fxtradeinfocenter.oanda.com/o..._and_positions

Regards,
Vip
  • #2
  • Mar 9, 2010 4:36pm Mar 9, 2010 4:36pm
I can't attach the picture... looking at EUR/CHF I mean wouldn't you be saving... hmmm... I should be long in this position or do you go against what everybody is doing and short this bad boy?

Regards,
Vip
  • #3
  • Mar 9, 2010 5:05pm Mar 9, 2010 5:05pm
It looks like everyone is long according to the open positions. I think it depends to answer your question. Are these big players who are long? I mean is this smart money or are these small playerss. If these are small players then go short imo. If these are big players then follow. Gonna keep an eye on this.
  • #4
  • Mar 9, 2010 5:41pm Mar 9, 2010 5:41pm
That we sure do not know... but look at the EUR/CHF chart on MT4 and take a look... I mean... that means everybody, quite (I don't mean this literally) a lot of people are on the wrong side?

Looking at it in simple mans term.



There was a similar example this afternon US open on E/U and I did long and I netted 30+ pips... but overall if I had held I would be making more pips - look at a chart from US open today to now.

Regards,
Vip

Quoting ferndog
It looks like everyone is long according to the open positions. I think it depends to answer your question. Are these big players who are long? I mean is this smart money or are these small playerss. If these are small players then go short imo. If these are big players then follow. Gonna keep an eye on this.
  • #5
  • Mar 9, 2010 5:50pm Mar 9, 2010 5:50pm
Sorry... Eur/Chf

Infact 85% are long (of 4.14% of Oanda's total orders on FX), don't know how many that will equate for, but it'll hurt.

http://fxtradeinfocenter.oanda.com/o...on_ratios_beta

That one will hurt if all small players on the wrong side... though mind you... small players are normally on the wrong side, lets see what happens.
  • #6
  • Mar 9, 2010 6:10pm Mar 9, 2010 6:10pm
I can see why everyone is long. The price is at very low levels. But that doesn't mean it cant go lower. So what did u see on the e/u that made u go in. Was % on one side very heavy & u went opposite? I guess that would be the strategy because u know the masses are mostly wrong.
  • #7
  • Mar 10, 2010 4:36pm Mar 10, 2010 4:36pm
Well actually I will close this thread... as I have been long on EUR/CHF and it is moving on way only, well at the moment... DOWN.
  • #8
  • Nov 5, 2010 12:49pm Nov 5, 2010 12:49pm
Oanda order book is updated every hour. Do you guys know any bank or a big broker provides a similar thing in real-time? Thanks
  • #9
  • Nov 5, 2010 1:12pm Nov 5, 2010 1:12pm
we'd wish...
On the other hand, when everyone has it there's no edge in it anymore.
  • #10
  • Nov 5, 2010 1:15pm Nov 5, 2010 1:15pm
See this post by Darkstar in another similar thread...
though I don't blindly believe everything posted by everyone,
when he says "I've followed for a long time... and I can say with
confidence..." - then it is probably true.

http://www.forexfactory.com/showpost...65&postcount=6
  • #11
  • Nov 5, 2010 1:17pm Nov 5, 2010 1:17pm
Quoting Sauron
we'd wish...
On the other hand, when everyone has it there's no edge in it anymore.
True, but if it was a paid service it wouldn't be for everyone.
  • #12
  • Nov 5, 2010 1:17pm Nov 5, 2010 1:17pm
Quoting guess121
Sorry... Eur/Chf

Infact 85% are long .

Quoting guess121
Well actually I will close this thread... as I have been long on EUR/CHF and it is moving on way only, well at the moment... DOWN.


!
Time hides Nothing
  • #13
  • Nov 5, 2010 1:21pm Nov 5, 2010 1:21pm
Quoting seagreen
True, but if it was a paid service it wouldn't be for everyone.
It is a paid service but we don't afford it. The banks, who know the orderflow, use it for themselves or for very important customers.
  • #14
  • Last Post: Nov 5, 2010 3:43pm Nov 5, 2010 3:43pm
Quoting Intu
See this post by Darkstar in another similar thread...
though I don't blindly believe everything posted by everyone,
when he says "I've followed for a long time... and I can say with
confidence..." - then it is probably true.

http://www.forexfactory.com/showpost...65&postcount=6
Thanks, I don't think Darkstar would be lying.
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