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

  • #281
  • May 4, 2010 2:11am May 4, 2010 2:11am
Quoting Trader10826
Hi LuboLabo,

When is your start time for TPO value calculation? 12am Central Time or 5pm Central Time?

Thanks.
This is a good question, sincerily i use my time zone start day so I think is 5 PM Central Time, but i know that futures start at 12 am CT cos is Chicago time, so it could seems be better to start a this time, but I think there is not a problem having different POC, as the focus is on the major forming volume levels not only on daily Poc.

This issue does not arise for the total contracts volume profile, that show the major volume level area.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #282
  • May 4, 2010 2:36am May 4, 2010 2:36am
GU come back to it's main long time down trend before the level I suppose, now there is a clear formed delta divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: 6B-SC018.png Size: 45 KB
If I know how, I tell You!! Few but Good!!
  • #283
  • May 5, 2010 1:31am May 5, 2010 1:31am
Hello,

Are there any tips of how to trading spot GBP/JPY using Futures data of GBP/USD and JPY/USD ?

thx in adv!
-Slowpork
  • #284
  • May 5, 2010 1:52am May 5, 2010 1:52am
Quoting slowpork
Hello,

Are there any tips of how to trading spot GBP/JPY using Futures data of GBP/USD and JPY/USD ?

thx in adv!
-Slowpork
GBP/JPY futures already exist but it not much traded, http://www.cmegroup.com/trading/fx/g...anese-yen.html, so is unusable to make some volume analisys.

Sincerily I have never try, I think is enough just 2 pair EUR and GBP.

But u can try, I think u have to follow both GBP JPY futures and see if it can be correlated with the movement of GBP/JPY spot. There isn't a tool that combines the 2 futures to make a cross.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #285
  • May 6, 2010 7:38pm May 6, 2010 7:38pm
I would love to see what these volume charts look like on a day like today
  • #286
  • May 7, 2010 11:08am May 7, 2010 11:08am
This is GU yestarday-today chart
Attached Image (click to enlarge)
Click to Enlarge Name: 6B-SC044.png Size: 71 KB
If I know how, I tell You!! Few but Good!!
  • #287
  • May 11, 2010 6:44am May 11, 2010 6:44am
hi..

After thinking about this for couple days, I still can't come up with a logic to trade spot GBP/JPY using volume from GBP/USD futures and JPY/USD futures.

For example,

GBP/USD futures has total volume of 1200 (UpVolume 700, DownVolume 500)
JPY/USD futures has total volume of 450 (UpVolume 200, DownVolume 250)

How can I take USD out of equation so I can have only volume of GBP/JPY ?

-slowpork
  • #288
  • May 11, 2010 8:13am May 11, 2010 8:13am
Quoting slowpork
hi..

After thinking about this for couple days, I still can't come up with a logic to trade spot GBP/JPY using volume from GBP/USD futures and JPY/USD futures.

For example,

GBP/USD futures has total volume of 1200 (UpVolume 700, DownVolume 500)
JPY/USD futures has total volume of 450 (UpVolume 200, DownVolume 250)

How can I take USD out of equation so I can have only volume of GBP/JPY ?

-slowpork
This is little out of argument, but anyway I think u have to think not in term of math equation, cos volume is relative for every pair.
I can suppouse this, if u havemore up volume on GBP/USD , it may mean that GBP is more bought, then u have more down vol on JPY/USD, it may mean USD is more bought, so may GBP/JPY is possible that can go up...........etc...

Lubo.
If I know how, I tell You!! Few but Good!!
  • #289
  • May 13, 2010 5:35am May 13, 2010 5:35am
Long GU

Lets see.. SL as always or profit

SL below lows - 125.60

TP 126.20

b,
t
Attached Image (click to enlarge)
Click to Enlarge Name: Long GU.PNG Size: 46 KB
  • #290
  • Edited 6:20am May 13, 2010 5:51am | Edited 6:20am
Quoting tfflyer
Long GU

Lets see.. SL as always or profit

SL below lows - 125.60

TP 126.20

b,
t
Hi tfflyer,

I think u mean EU not GU.....

Why TP 126.20 and not 126,30? I see there higher vol, then second TP 126,80.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #291
  • May 13, 2010 7:38am May 13, 2010 7:38am
Hi Lubo,
its Tom here.

Yes, sorry, EU.

I just tough better 126.20 as 126.30.


But You are right - 126.30 was highest vol.

Best,
Tom

Quoting LuboLabo
Hi tfflyer,

I think u mean EU not GU.....

Why TP 126.20 and not 126,30? I see there higher vol, then second TP 126,80.

Lubo.
  • #292
  • May 23, 2010 2:55am May 23, 2010 2:55am
I had open the access to the chatroom so everyone who would like to join can access without registration, simple choosing a nick.

1° post update.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #293
  • May 23, 2010 6:48am May 23, 2010 6:48am
Lubo,

Who are you using for your charting nowadays? I thought you were a NT guy.
  • #294
  • May 25, 2010 11:05am May 25, 2010 11:05am
Quoting Scotty B
Lubo,

Who are you using for your charting nowadays? I thought you were a NT guy.
I like NinjaTrader, is probably my preferred charting platform, but due to the backfill issue on bid/ask data that is very tedious, now I'm using Sierra Chart, cos it's low cost, good platform and provides all studies I need as well the bid/ask backfill.

When NinjaTrader will fix this problem, I will go surely back to it.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #295
  • Jun 12, 2010 5:47am Jun 12, 2010 5:47am
I notice total volume is different between spot and futures. This makes me think spot volume moves price. (not future volume) so we shouldn't rely on future volume to trade spot price? any comments?

Please compare circles at volume bars.

First chart is GBP/eSignal/TradeGuider (I copy from VSA thread) eSignal is known to be most reliable forex volume.

Attached Image (click to enlarge)
Click to Enlarge Name: GBP-eSignal.jpg Size: 323 KB



Second chart is GBP-Globex/IQFeed/MarketDelta

Attached Image (click to enlarge)
Click to Enlarge Name: Globex--BPM0.jpg Size: 142 KB
  • #296
  • Jun 13, 2010 1:07pm Jun 13, 2010 1:07pm
Quoting slowpork
I notice total volume is different between spot and futures. This makes me think spot volume moves price. (not future volume) so we shouldn't rely on future volume to trade spot price? any comments?

Please compare circles at volume bars.

First chart is GBP/eSignal/TradeGuider (I copy from VSA thread) eSignal is known to be most reliable forex volume.

Attachment


Second chart is GBP-Globex/IQFeed/MarketDelta

Attachment

I do not want to answer this question.

I think you have not understend the difference from real volume (traded contracts) and tick volume, so i think u are in the wrong thread.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #297
  • Jun 13, 2010 11:56pm Jun 13, 2010 11:56pm
ahh Lubo. I just realize volume from eSignal is sum of volumes from different sources, but it's still Tick volume afterall. Another lesson learned from you. Thank you!
  • #298
  • Jun 14, 2010 2:03am Jun 14, 2010 2:03am
Quoting slowpork
ahh Lubo. I just realize volume from eSignal is sum of volumes from different sources, but it's still Tick volume afterall. Another lesson learned from you. Thank you!



Sorry if my tone was a bit rude, but I think that if one is interested in understanding, sometimes it is better to see with his eyes.

Anyway u are right spot volume are surely bigger than futures volume, but we can't see the real spot volume as traded contracts around the world, so it's unusable for trading with bid/ask tools.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #299
  • Jun 29, 2010 1:43pm Jun 29, 2010 1:43pm
Lubo, are you still frequenting your chat room?
  • #300
  • Jun 29, 2010 5:13pm Jun 29, 2010 5:13pm
Quoting saunga2nd3
Lubo, are you still frequenting your chat room?
No the chat room is abandoned.
I have no much time to follow it, and lately I trade more ES.

Lubo.
If I know how, I tell You!! Few but Good!!
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