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  • #209,481
  • Mar 10, 2010 8:11pm Mar 10, 2010 8:11pm
Massive volume coming in. Looks like the two sides are having a showdown right now.
  • #209,482
  • Mar 10, 2010 8:13pm Mar 10, 2010 8:13pm
Quoting nvcK
Massive volume coming in. Looks like the two sides are having a showdown right now.
where do you get this info from`?
  • #209,483
  • Mar 10, 2010 8:15pm Mar 10, 2010 8:15pm
Quoting Mr Hatch
where do you get this info from`?
my demo metatrader account of course! ;P
  • #209,484
  • Mar 10, 2010 8:17pm Mar 10, 2010 8:17pm
Oh yeah it's about to get serious. The ACB is buying on the dips around 1.3632 and two big funds are selling. Let's see who wins.
  • #209,485
  • Mar 10, 2010 8:18pm Mar 10, 2010 8:18pm
Quoting nvcK
Massive volume coming in. Looks like the two sides are having a showdown right now.
I'm not sure how you watch volume on FX but I've got a futures platform where I can see the number of contracts being traded and right now it looks like typical asia... Very low volume.

I know that futures don't show much of the overall bank exchange's that go on but it usually is representative of money moving around.

For example this morning the peak was around 1,700 contracts being traded at a given price range (buyers and sellers). Right now I show around 100 moving around this price point. On my end this volume is nothing special. If you have some way to see interbank feeds let me know I would be interested in this.

EDIT: The information on this morning was every 5m candle 1800 contracts changed hands on the 6E, right now every 5m 100 are changing hands and the peak a little bit ago was 220 contracts... I had to edit some of the numbers above because I put them in incorrectly.
  • #209,486
  • Mar 10, 2010 8:19pm Mar 10, 2010 8:19pm
Quoting Mr Hatch
where do you get this info from`?
Level II information on some ECNs sometimes tell you who's bidding and at what price.
  • #209,487
  • Mar 10, 2010 8:19pm Mar 10, 2010 8:19pm
they're fooling around.
  • #209,488
  • Mar 10, 2010 8:29pm Mar 10, 2010 8:29pm
The trendline on the M5 is still being respected. I don't normally trade like this, but there isn't much else on offer at the moment......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #209,489
  • Edited 8:56pm Mar 10, 2010 8:41pm | Edited 8:56pm
Quoting IMARICH1
Gator,

i am not going to try and act like I understand all this info you are posting. I see China raising rates as a possible rise in the Yen which would be Dollar negative. I see RBNZ saying rates may rise in April.

I have no idea what this all means....it looks negative for the Dollar in my opinion.....

I am looking at Shorting at 3644 as i got stopped out on this retrace. SO is this Short still in play as long as we stay below 3680?

see NZD has dropped significantly.....

Some of the other traders I respect on here are looking for a...
91+ as said to you many times your chasing a trade. the time to short was higher. the time to long with malc is the dips. doing this increases you chance of making more or lossing less. but when this thing moves it will be many pips.


if they hike rates it will make money more expecive for chinese to borrow. so they will borrow less. if they borrow less then they will buy less commodities. if they buy less then the price drops..and the commodity currency. supply and demand..

if they raise peg verses usd. then dollar get cheaper against yuan.. it helps u.s. exports.. helps trade balance. employment increases in u.s. (the whole world) strenthens usd? double edge. imfuo i think it helps usd.
those who can, do. those who cant, talk about those who can
  • #209,490
  • Mar 10, 2010 8:57pm Mar 10, 2010 8:57pm
Updated S&R. Axis could be a tough cookie.

http://www.forexfactory.com/showpost...&postcount=166
  • #209,491
  • Edited 9:24pm Mar 10, 2010 9:08pm | Edited 9:24pm
Quoting TheLastCoke
Updated S&R. Axis could be a tough cookie.

http://www.forexfactory.com/showpost...&postcount=166
thats the one thing i worry about st. if aud weakens it may strengthen euro at times. untill they equalise. ea had gone up (new high if i recall correctly) i caught 2000 pips on the rise. before this big drop its been doing for close to a year now. usd and euro could strenthen against currency pairs at the same time. whatever one is stronger comparible of the 2 is the better one to short currency pairs with. sometimes it will sit for days with a tight range.
those who can, do. those who cant, talk about those who can
  • #209,492
  • Mar 10, 2010 9:33pm Mar 10, 2010 9:33pm
[ gu mid 4897.5 target 4802 + slip we usaully bounce after target and slip is hit.. i usauly exit some here. and re-enter after bounce. wait for bounce..

eu mid 3900.5 target 3522]

209298

aud 9112.5 target 9034]

respected
those who can, do. those who cant, talk about those who can
  • #209,493
  • Mar 10, 2010 9:34pm Mar 10, 2010 9:34pm
Quoting gatorinla
thats the one thing i worry about st. if aud weakens it may strengthen euro at times. untill they equalise. ea had gone up (new high if i recall correctly) i caught 2000 pips on the rise. before this big drop its been doing for close to a year now. usd and euro could strenthen against currency pairs at the same time. whatever one is stronger comparible of the 2 is the better one to short currency pairs with. sometimes it will sit for days with a tight range.
A good time to bust out the 'ole faithful currency strength meter.
  • #209,494
  • Mar 10, 2010 9:35pm Mar 10, 2010 9:35pm
Quoting forex888
its very rare to find 5 legged long doji on weekly timeframe especially for major pairs like E/U. Its so crazy.
really insane .. I looked back in charts all way to 1975 and could not find one time where there were 5 pronounced dojis that did not lead to an up move.

.
Blogging daily now at www.volume.zone
  • #209,495
  • Mar 10, 2010 9:38pm Mar 10, 2010 9:38pm
Quoting gatorinla
thats the one thing i worry about st. if aud weakens it may strengthen euro at times. untill they equalise. ea had gone up (new high if i recall correctly) i caught 2000 pips on the rise. before this big drop its been doing for close to a year now. usd and euro could strenthen against currency pairs at the same time. whatever one is stronger comparible of the 2 is the better one to short currency pairs with. sometimes it will sit for days with a tight range.
From a technical point of view E/A needs a bigger retrace than A/U if it wants to go much much lower. If that happens E/A will pull E/U up.
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  • #209,496
  • Mar 10, 2010 9:41pm Mar 10, 2010 9:41pm
Quoting PriceVolume
A good time to bust out the 'ole faithful currency strength meter.
whatcha got? to be honest the ea can make the beast look like a lamb... im gonna see if it can be charted with any acuracy.. id love to long the bottom.. but in in the parity camp.. it would be hard for me to long it..
those who can, do. those who cant, talk about those who can
  • #209,497
  • Mar 10, 2010 9:45pm Mar 10, 2010 9:45pm
Quoting TheLastCoke
From a technical point of view E/A needs a bigger retrace than A/U if it wants to go much much lower. If that happens E/A will pull E/U up.
can it wait for 3215.. ???
those who can, do. those who cant, talk about those who can
  • #209,498
  • Mar 10, 2010 9:45pm Mar 10, 2010 9:45pm
I am not going to talk to much about volumes here

But futures any time outside of us are typically low.

I think he / she may be talking this volume . This is esignal 200 source gtis feed

To me eu is in bull flag with buyers in around the 1.3620 area

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Quoting mmccormac
I'm not sure how you watch volume on FX but I've got a futures platform where I can see the number of contracts being traded and right now it looks like typical asia......
Blogging daily now at www.volume.zone
  • #209,499
  • Mar 10, 2010 9:48pm Mar 10, 2010 9:48pm
Quoting tano
Strange. DJIA futures YM show sharp drop after market close. Is it just platform glitch or real drop? can anybody confirm from their platform?
real got it on es also

I am thinking they messing with it

of course they off loaded it today but of they want to buy it lower what better way than push it down 4 points for now reason when no one is watching
Blogging daily now at www.volume.zone
  • #209,500
  • Mar 10, 2010 9:49pm Mar 10, 2010 9:49pm
Quoting TheLastCoke
From a technical point of view E/A needs a bigger retrace than A/U if it wants to go much much lower. If that happens E/A will pull E/U up.
E/A and E/U sometimes have an inverse relationship, and if u look at E/A from since 1999, it's technically in an up trend with highs/lows ranging from 1.50/2.00
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