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  • #381
  • Apr 8, 2010 8:04am Apr 8, 2010 8:04am
GY 30mins flipping over.

Could be looking at upward move. need to hold above 141.14 to confirm
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The quality of your life is brought about by the quality of your thinking.
  • #382
  • Apr 8, 2010 8:12am Apr 8, 2010 8:12am
Same thing on EU 30
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The quality of your life is brought about by the quality of your thinking.
  • #383
  • Apr 8, 2010 8:27am Apr 8, 2010 8:27am
GY is having a very deep retracement, no entry even if pattern holds and a trigger shows up


edit: false break, what a boring day....no trades and the day is over for me.
The quality of your life is brought about by the quality of your thinking.
  • #384
  • Apr 8, 2010 9:40am Apr 8, 2010 9:40am
EU 30mins worked out ok as a direction flip.

Not that I traded it
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The quality of your life is brought about by the quality of your thinking.
  • #385
  • Apr 8, 2010 10:55am Apr 8, 2010 10:55am
Quoting hornet
EU 30mins worked out ok as a direction flip.

Not that I traded it

What is the dotted line where the white arrow is pointing, is that a support level off another TF....


http://i40.tinypic.com/ws07b8.jpg

  • #386
  • Apr 8, 2010 11:32am Apr 8, 2010 11:32am
Euro appears to be at a decisive level. A break above should be a long opportunity I think. Resistance is only 33 pips above at 400 though.
I would prefer for it to breakdown for another crack at 300.

The rationale for todays rally seems lame to me.
OK US job data was poor, but not wildly different to forecast.
Is this just a case of shaking out weak shorts?
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  • #387
  • Apr 8, 2010 11:52am Apr 8, 2010 11:52am
Quoting Ted1983
The rationale for todays rally seems lame to me.
OK US job data was poor, but not wildly different to forecast.
Is this just a case of shaking out weak shorts?
Wasn't it Trichet's 'upbeat' remarks at the press conference?

Why's your chart so black, did the leccy run out?
  • #388
  • Apr 8, 2010 12:05pm Apr 8, 2010 12:05pm
Quoting pipmutt
Wasn't it Trichet's 'upbeat' remarks at the press conference?

Why's your chart so black, did the leccy run out?
Ahhh, could be good ole Trichet, haven't taken that one in yet.
Just tryin to get some context really. Seems neccessary if we've any hope of identifying who/what is behind market swings.

And wrt to the chart, "Once ya go black ya never go back!" as they say.
  • #389
  • Apr 8, 2010 12:16pm Apr 8, 2010 12:16pm
Quoting Ted1983

Just tryin to get some context really. Seems neccessary if we've any hope of identifying who/what is behind market swings.
I reckon it must have been either some buy orders, stops, or short covering, or one/all/none of the above.

Anyway where's our leader gone? He drops by, moans about all the posts, cleans up, and then he disappears again....

I've just been watching re-runs of Extras, that Gervais is sooo funny!
  • #390
  • Apr 8, 2010 12:19pm Apr 8, 2010 12:19pm
Quoting pipmutt
I reckon it must have been either some buy orders, stops, or short covering, or one/all/none of the above.

Anyway where's our leader gone? He drops by, moans about all the posts, cleans up, and then he disappears again....

I've just been watching re-runs of Extras, that Gervais is sooo funny!
Classic show!
  • #391
  • Apr 8, 2010 1:21pm Apr 8, 2010 1:21pm
Quoting pipmutt
What is the dotted line where the white arrow is pointing, is that a support level off another TF....


http://i40.tinypic.com/ws07b8.jpg

that was the level it had to hold to be able to confirm reversal.
The quality of your life is brought about by the quality of your thinking.
  • #392
  • Apr 8, 2010 2:59pm Apr 8, 2010 2:59pm
Quoting LuboLabo
The order flow is the are all the bid ask orders with volume(in term of traded lots) that are traded for a specific instrument.

There are many ways to look at order flow, but anyways it involves always bid ask traded lots, so u can use delta volume bars to see the difference from bid ask, total volume, volume at price (or volume profile)......etc....
The only way to do this is using an instrument that are traded through a regulated exchange, with an otc u can't see the true volume, so for the Forex market the only way is use the data from Futures...

I dont consider volume profile to be orderflow and its not much usuable in FX.. in bonds and futures hell yes volume traded at contract price is amazing.. but not in fx... orderflow is different here. When we are looking at the DOM or limit order books.. we are seeing the surge volume near support or resistance.. also orderflow.. for example On the bloom I saw surge buying on the breakout and near resistance which lead me to believe that any breakout short would not hold.. so look at the eurusd today.... if this is not order flow I dunno what is.
  • #393
  • Apr 8, 2010 3:03pm Apr 8, 2010 3:03pm
Quoting LuboLabo
A picture of order flow follow, GU future of this morning , without words......only line.

Lubo.

I wont argue with you that I like what your doing its just not true order flow on fx because your not getting true information.. great for support and resistance areas.. and high attractor areas but not true orderflow.
  • #394
  • Apr 8, 2010 3:10pm Apr 8, 2010 3:10pm
Quoting Ted1983
Euro appears to be at a decisive level. A break above should be a long opportunity I think. Resistance is only 33 pips above at 400 though.
I would prefer for it to breakdown for another crack at 300.

The rationale for todays rally seems lame to me.
OK US job data was poor, but not wildly different to forecast.
Is this just a case of shaking out weak shorts?

There is potential for a good rally in here.
  • #395
  • Apr 8, 2010 3:35pm Apr 8, 2010 3:35pm
Quoting Chris_B
Impressive results...but not so simple to understand...I think you must go in some details with this...
For example...what are delta bars? Sorry for my ignorance..
The problem is that we make the assumption that because currency futures is the "real" market, delta bars created with the brokers bid and ask data will be accurate...not the case.
Various brokers data, and various charting SW show different bars, i have observed that with at least two different combinations.
I actually had delta displaying within volume bars.
Biggest joker
  • #396
  • Apr 8, 2010 5:07pm Apr 8, 2010 5:07pm
So EJ at SZ6E
no failed low high break yet.. expecting a retrace break high into heavy stops above..
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  • #397
  • Apr 8, 2010 5:34pm Apr 8, 2010 5:34pm
RZ5E-swapped with break high failed low on daily..

AU
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  • #398
  • Apr 8, 2010 5:44pm Apr 8, 2010 5:44pm
whats the most important aspect of taking these trades.. the focus on the pending orders floating above or below the levels that are close together and in high quantity... The noticability and high number of clusters in close proximity will produce the high volume on breakout needed to sustain a movement and provide asymetrical rebalancing after the break
  • #399
  • Apr 8, 2010 6:48pm Apr 8, 2010 6:48pm
Quoting domino
RZ5E-swapped with break high failed low on daily..

AU

Does the 5E designation pertain to these touches?

(The Euro popped up, I'm long on that at BE+1.)
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  • #400
  • Apr 8, 2010 6:58pm Apr 8, 2010 6:58pm
EXample of good order flow. at SZ RZ..
compressed OF
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