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IFR Forex Watch Lingo

  • #1
  • First Post: Jan 10, 2007 12:38am Jan 10, 2007 12:38am
Hi,

Prob many people are relying on FXCM's news plug-in to get their news (if you're not they are very good and you can get them for free if you sign up for the Demo and load the News plug-in). I'm FX novice and still learning the lingo. I hope we can use this thread to exchange knowledge. I'm wondering what the following terminology means:

* AUD/USD is trading with a Offered Tone
* EUR/USD is trading with a Bid Tone

Thanks,
Roman
  • #2
  • Jan 10, 2007 12:49am Jan 10, 2007 12:49am
Quoting romanlazarev
Hi,

Prob many people are relying on FXCM's news plug-in to get their news (if you're not they are very good and you can get them for free if you sign up for the Demo and load the News plug-in). I'm FX novice and still learning the lingo. I hope we can use this thread to exchange knowledge. I'm wondering what the following terminology means:

* AUD/USD is trading with a Offered Tone
* EUR/USD is trading with a Bid Tone

Thanks,
Roman
Bid = they're doing more buying than selling...
Offered = selling more...

think of bid = you are bidding to buy something.

think of offer as = you are offering something for sale

GirlFlyer
  • #3
  • Jan 10, 2007 1:25am Jan 10, 2007 1:25am
Thank you!!!
  • #4
  • Jan 10, 2007 5:05pm Jan 10, 2007 5:05pm
Quoting romanlazarev
Thank you!!!
You're welcome. We were all there at one time or another!
  • #5
  • May 24, 2010 2:59pm May 24, 2010 2:59pm
Hi there,

I need some explanations about the IFR Markets Watch.


Behind the spot levels there comes (S) or (M). What does that mean?

And today in the trading page for the loonie they say "Daily on-close pivot is at 1.0427, so lots of backing and filling room before a reversal confirm."
They are not talking about the usual pivot points based on OHLC the day before, are they? What do they mean by "lots of backing and filling"?

Thanks for your help!
  • #6
  • Last Post: Jul 6, 2010 8:58am Jul 6, 2010 8:58am
Quoting janson
Hi there,

I need some explanations about the IFR Markets Watch.


Behind the spot levels there comes (S) or (M). What does that mean?

Thanks for your help!
I also would like to know a bit more about how IFR trading pages can be read, especially the (S) and (M) symbols, however, i have been treating them as (strong) and (medium) for the last few months i have been using them.

It is a great service i find, not to be lazy, but it points out some analysis i have missed, and reassures me that my support and resistance lines are in line with a large part of the market.
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