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Oanda "Open Orders Summary" as a prediction tool?

  • #21
  • Apr 28, 2006 11:49am Apr 28, 2006 11:49am
Quoting Claude
I think this is why I took interest in your post, because when everybody else is saying. I don't think that's going to work or there's nothing relative. I kind of get interested.
That was the idea: to test with a lot of participants does it work or not. But now it will be kind of difficult From this forum branch.


BTW, I've heard the following: the best way to determine the play of "big fish" - is a spread information on interbank market. It should be much more wider when big transactions are being done.

But I do not know where to find this data. May be you?
... another pointless day where I accomplish nothing.
  • #22
  • Apr 28, 2006 2:59pm Apr 28, 2006 2:59pm
Hi, i'm from the UK.

In the Uk, traders that trade CFD's are not allowed to even trade the FX?? hmmm ??

I went to a Spreadbetting seminar, after the seminar, i asked one of the dealers do the spreadbets get entered into the market? NO! he replied we take the bet on ourselves! Your allowed to trade the FX with spreadbets. hmmm?? interesting? CFD's are entered into the market, but you cant trade FX on CFD's? but you can trade the FX with spreadbets hmmmm nice little earner the London MM's are on!!!
  • #23
  • Apr 29, 2006 6:59am Apr 29, 2006 6:59am
looking for oanda prediction analyzer

Could sone one post the link to where in the classified section this was moved to, as I am looking serching and cant find it
  • #24
  • Apr 29, 2006 7:05am Apr 29, 2006 7:05am
Go to Alexnn's profile. It is there...



Quoting toddanderson
looking for oanda prediction analyzer

Could sone one post the link to where in the classified section this was moved to, as I am looking serching and cant find it
  • #25
  • May 1, 2006 6:47am May 1, 2006 6:47am
For those who would like to dig some more in direction of th "small speculants sentiment" one more tool is ready (again - this is freeware, not a product)

http://home.wanadoo.nl/a.nesterenko/...ealtimeCen.png

This one automatically download sentiment pictures (every hour) and draw price above them(every ten seconds).
... another pointless day where I accomplish nothing.
  • #26
  • May 25, 2006 2:17am May 25, 2006 2:17am
I've added real time info about open trades. Looks more interesting. And according to users on other forums this info is much more valuable then just open orders.
Link as always in my profile. "S$S Sentiment" branch on the site.

(Oanda makes me to change the name of the software But gave official permission to use their pictures)
... another pointless day where I accomplish nothing.
  • #27
  • Jun 25, 2006 8:34am Jun 25, 2006 8:34am
o a nda has changed the format of pictures. Yesterday I have updated the software

P.S. Here is the map of the world with location of people who are trying to use it
http://img90.imageshack.us/img90/381/map4jp.th.png
... another pointless day where I accomplish nothing.
  • #28
  • Jun 25, 2006 12:50pm Jun 25, 2006 12:50pm
Cool tool, thank you.
Same Whore .... Different Dress
  • #29
  • Aug 21, 2006 6:15am Aug 21, 2006 6:15am
something extreme is going on euro.

a LOT of traders have open longs just below 1.2900

and they will close these longs as long as price will go through 1.2900 - 1.2920
... another pointless day where I accomplish nothing.
  • #30
  • Aug 21, 2006 8:24am Aug 21, 2006 8:24am
I would say you can use it as an indicator in the opposite direction.
  • #31
  • Aug 21, 2006 8:28am Aug 21, 2006 8:28am
Quoting piccolo
I would say you can use it as an indicator in the opposite direction.
well, today price moved as speculators predicted.

from 1.2900 till 1.2920

and this move was predicted 30 min in advance
... another pointless day where I accomplish nothing.
  • #32
  • Aug 21, 2006 8:34am Aug 21, 2006 8:34am
Quoting alexnn
well, today price moved as speculators predicted.

from 1.2900 till 1.2920

and this move was predicted 30 min in advance
who predicted a 20 pip move? lol..
  • #33
  • Aug 21, 2006 8:37am Aug 21, 2006 8:37am
Quoting piccolo
who predicted a 20 pip move? lol..
lol indeed

but today picture on euro open positions was extreme. I have never seen so many traders have open position on the same level

and I was curious what will happen

BTW, did some option expire today at 13:00 GMT ?
... another pointless day where I accomplish nothing.
  • #34
  • Oct 1, 2010 4:59am Oct 1, 2010 4:59am
Would anyone be kind enough to share the oanda analyzer tool with me, It has been removed from alexnn's profile. If you do not want to post it publicly you could email it to me [email protected]
  • #35
  • Last Post: Edited 4:11pm Feb 14, 2013 4:00pm | Edited 4:11pm
Oanda open orders provide interestingf information regarding the EUR/USD.

I will post here a screenshot about the Forex grid on EUR/USD. The future support and resistance zones are in the order-books. In order to get the whole idea about support and resistance it is important to have a look in the order books not only at the charts.

The prices very often overshoot the true support and resistance levels and that adds a lot of confusion leading to large errors in support and resistance identification relying only on charts.

The charts are often very misleading with lots and lots of fake technical patterns. Very dangerous are the patterns which rely on projections of volatility like projections of contracting of volatility.

Some of the supports and resistances are related with purely statistical limitations of the current price action.

However the practice is difficult, as the price series are fractal even if you put support and resistance in random places you will find matches, and a lot of matches.

The primary support and resistance levels are at round numbers at every 100 pips.
At every 50 pips are the secondary support and resistance levels.

At the first shot have a look at the Oanda order book.

source my blog

For more information about this topic.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: the eurusd grid.gif Size: 24 KB
Click to Enlarge Name: orders020213.png Size: 35 KB
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