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Trading Spot using Future data (Big Orders flow, Time and Sale)

  • #61
  • Apr 9, 2010 4:33am Apr 9, 2010 4:33am
Lubo, Why trade spot using futures data? why don't trade futures directly?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #62
  • Apr 9, 2010 4:50am Apr 9, 2010 4:50am
Quoting sisse
Lubo, Why trade spot using futures data? why don't trade futures directly?

sisse
Boucause of margin and lots, in FX spot I have more possiility trading mini lots, but I'm thinking that sooner or later I will switch to Futures.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #63
  • Apr 9, 2010 5:04am Apr 9, 2010 5:04am
Thats what I thought. Size matters in trading. I do trade both but I massively adjust size, instruments and timeframes when trading futures.

True, futures and stocks are a lot better places to trade but the price to pay is having more capital....

sisse
Quoting LuboLabo
Boucause of margin and lots, in FX spot I have more possiility trading mini lots, but I'm thinking that sooner or later I will switch to Futures.

Lubo.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #64
  • Apr 9, 2010 5:13am Apr 9, 2010 5:13am
Quoting sisse
Thats what I thought. Size matters in trading. I do trade both but I massively adjust size, instruments and timeframes when trading futures.

True, futures and stocks are a lot better places to trade but the price to pay is having more capital....

sisse
I traded Italian futures an stock many years ago, but was another story.
I fell confortable With FX spot, the problem is lack of true volume, so i use Futures data.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #65
  • Apr 9, 2010 5:27am Apr 9, 2010 5:27am
You probably already now but if you try your volume analysis with the US Dollar Index Futures (for usd pairs) you may have even better results recognizing reversals... just my 2 cents

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #66
  • Apr 9, 2010 5:33am Apr 9, 2010 5:33am
Quoting sisse
You probably already now but if you try your volume analysis with the US Dollar Index Futures (for usd pairs) you may have even better results recognizing reversals... just my 2 cents

sisse
I followed US dollar index future but the volume analisys on it is not so useful, price moves in the difference manner cos it's aggregate from 6 pairs.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #67
  • Apr 9, 2010 5:53am Apr 9, 2010 5:53am
I am not sure if you are right on that one. All "real" reversals and swings in the Dollar index are exactly the same in the US pairs. What it can change is the size of the move.

If the move is caused by dollar fundamentals it will reflect in all pairs more less the same. If the move is cause by the other side of the pair (eur,yen,etc) the move will be bigger in that pair and smaller in the others.

What the dollar index may reflect is an earlier & broader way to recognize when a potential move is going to develop.

In theory, If a us pair move without a move in the index, it means pure speculations and fade setups.

In any case I don't want to interfere with your trading. So best of luck on what you are doing.

sisse
Quoting LuboLabo
I followed US index future but the volume analisys on it is not so useful, price moves in the difference manner cos it's aggregate from 6 pairs.

Lubo.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #68
  • Apr 9, 2010 6:01am Apr 9, 2010 6:01am
Quoting sisse
I am not sure if you are right on that one. All "real" reversals and swings in the Dollar index are exactly the same in the US pairs. What it can change is the size of the move.

If the move is caused by dollar fundamentals it will reflect in all pairs more less the same. If the move is cause by the other side of the pair (eur,yen,etc) the move will be bigger in that pair and smaller in the others.

What the dollar index may reflect is an earlier & broader way to recognize when a potential move is going to develop.

In theory, If a us pair move...
I'm agree with u, I only told that volume analisys don't work well on us dollar index cos it does not reflects the price movement.
The price moves also for supply and demand on the others 6 pairs and not only for the buy and sell on itself.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #69
  • Apr 9, 2010 6:15am Apr 9, 2010 6:15am
Yes i do understand where are you coming from.

My point was that traders who are trading the DX futures are not the average joe in forexfactory with a $200 micro account. They are trading the DX following all those pairs, fundamentals, etc with a lot more information and money than any of us.That means that when they go long or short is because something real is going to happen so analyzing what they are doing volume-wise may give you early clues of change of direction in the pairs you are trading.

sisse

Quoting LuboLabo
I'm agree with u, I only told that volume analisys don't work well on us dollar index cos it does not reflects the price movement.
The price moves also for supply and demand on the others 6 pairs and not only for the buy and sell on itself.

Lubo.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #70
  • Apr 9, 2010 9:21am Apr 9, 2010 9:21am
EU find a biggest volume at price as a support at .3365, anticipated by a bigger order of 100 lots (marked by red diamond) and rellys up for about 100 pips.

Lubo.
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If I know how, I tell You!! Few but Good!!
  • #71
  • Apr 10, 2010 2:26am Apr 10, 2010 2:26am
Look how price reacts on bigger Volume at Price, the green is intraday profile, the gray/yellow is for all data.

Lubo.
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If I know how, I tell You!! Few but Good!!
  • #72
  • Apr 10, 2010 2:40am Apr 10, 2010 2:40am
This is GU yestarday, notice that we have one biggest volume, ligth yellow area marked with blue line, where price reacts in early morning, than go up to high of the day, made some good retracements but overall the trend return up.

Lubo.
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If I know how, I tell You!! Few but Good!!
  • #73
  • Apr 11, 2010 3:48pm Apr 11, 2010 3:48pm
Some important levels for EU and possible direction for tomorrow.
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If I know how, I tell You!! Few but Good!!
  • #74
  • Apr 11, 2010 3:50pm Apr 11, 2010 3:50pm
Some important levels and possible direction for tomorrow.
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If I know how, I tell You!! Few but Good!!
  • #75
  • Apr 11, 2010 5:55pm Apr 11, 2010 5:55pm
The market opened with big gap.
EU show that around open price has order, and now seems it has found a support on a big past volume area, price move around this level and waits for taking a more clear direction.
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If I know how, I tell You!! Few but Good!!
  • #76
  • Apr 11, 2010 5:58pm Apr 11, 2010 5:58pm
For GU the situation is different cos the price opened on a level where there are no orders, and seems more clear that price will go back to the first big volume level.
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If I know how, I tell You!! Few but Good!!
  • #77
  • Apr 12, 2010 1:27am Apr 12, 2010 1:27am
As price made a big gap, break the previous big volume and failed to went back, I follow the evolving of new intraday volume.

EU - GU.

Lubo.
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If I know how, I tell You!! Few but Good!!
  • #78
  • Apr 12, 2010 3:31am Apr 12, 2010 3:31am
Highest intraday volume at price (red line) work off sell on both GU EU to round numbers .5400 and .3600, prev low price, then we see an up moving back to that volume on GU, and now maybe on EU too.

Lubo.
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If I know how, I tell You!! Few but Good!!
  • #79
  • Apr 12, 2010 4:15am Apr 12, 2010 4:15am
GU and EU now are on highest volume at price of the day, we will see how price will reacts on these level.

Lubo.
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If I know how, I tell You!! Few but Good!!
  • #80
  • Apr 12, 2010 5:00am Apr 12, 2010 5:00am
After price came up ack to highest volume level this one works again as sell.

Lubo.
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