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  • #327,181
  • Nov 16, 2010 8:54pm Nov 16, 2010 8:54pm
Quoting msood
Does anyone know what line/ SR is there at 1.3512? The level seems to be somehow significant, but I cant find any fib, sr, or murrey lines at that level on any timescale...

feedback appreciated
.3500 <-- the 00 on the end are the most important.

.xx50 <-- this one is also.

stan
  • #327,182
  • Nov 16, 2010 8:55pm Nov 16, 2010 8:55pm
Quoting Mr Hatch
i wonder what fireworks we'll see once uc hits parity.
a lot of happy Greeks.

and me... i love europe so i'd be heading back around parity.

stan
  • #327,183
  • Nov 16, 2010 8:55pm Nov 16, 2010 8:55pm
Quoting malcolmb14
take off the .0012 and you have your answer

1.4 , 1.35 , 1.3 etc etc major s/r area on higher time frames

really is that simple ... nothing to do with fibs or anything else.

also not how eu moves in 30 pip[ blocks intraday , hence daily ranges set at about 150 ... often down moves 60 pip reatrces 30 pip .... good for us intraday traders
green lines the 500 pip s/r areas .. price may over shoot by a few pips either way but they act as major s/r areas

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #327,184
  • Nov 16, 2010 8:56pm Nov 16, 2010 8:56pm
Quoting malcolmb14
take off the .0012 and you have your answer

1.4 , 1.35 , 1.3 etc etc major s/r area on higher time frames

really is that simple ... nothing to do with fibs or anything else.

also not how eu moves in 30 pip[ blocks intraday , hence daily ranges set at about 150 ... often down moves 60 pip reatrces 30 pip .... good for us intraday traders
Thats gr8; thanks malcolmb14
  • #327,185
  • Nov 16, 2010 8:57pm Nov 16, 2010 8:57pm
Quoting longshot_nl
Interesting words, will do some vsa research myself.
he's a solid trader but i hope everyone knows you can't see real volume in the forex market.

you'd need a feed from every top bank combined into one algo.

stan
  • #327,186
  • Nov 16, 2010 8:59pm Nov 16, 2010 8:59pm
There was quite good opportunity at that level......... around 40 pips range bound there so BB is helping me to take those trades with SR ...........

Till big dogs dont move the market i guess the opportunity will be there till london opens.......
Attached Image (click to enlarge)
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  • #327,187
  • Nov 16, 2010 9:00pm Nov 16, 2010 9:00pm
Quoting DMA Trader
The U.S. government is now borrowing $5 billion every business day and has done nothing more than talk about a plan to reduce its debt. State governments don't have that luxury.

From Sacramento to Austin to Albany, the day of fiscal reckoning is here. At one point this spring, financial markets were demanding more to insure investors against defaults by Illinois, New Jersey, New York and Michigan than to insure the debt of Ireland and Portugal, the flailing economies of Europe.

wsj
one thing.

we ain't europe.

stan
  • #327,188
  • Nov 16, 2010 9:02pm Nov 16, 2010 9:02pm
Quoting msood
Does anyone know what line/ SR is there at 1.3512? The level seems to be somehow significant, but I cant find any fib, sr, or murrey lines at that level on any timescale...

feedback appreciated
7/8ths on the 1m chart
Attached Image (click to enlarge)
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  • #327,189
  • Nov 16, 2010 9:03pm Nov 16, 2010 9:03pm
Quoting gatorinla
smart money? are those the ones long at 4200? sure there will be bounces. smart money is on both sides of all trades. the road from 2008 is litterd with smart money hedge funds. people loosely use the term smart money or professional traders here. as if their definition covers all traders who manage opm. i promise you its not true. they have guys who manage as much as some of Goldman's traders among us. 3470 is a smart money trigger. so is 3420
long at .4200.

lol
  • #327,190
  • Nov 16, 2010 9:06pm Nov 16, 2010 9:06pm

http://www.businessinsider.com/quant...artoon-2010-11
  • #327,191
  • Nov 16, 2010 9:10pm Nov 16, 2010 9:10pm
Quoting cloggie
You are asking the wrong guy, I never saw anything in the EU even though we Cloggies started it, what's the point of having additional layers of bureacracy with no advantage or benefits to the underlying countries, but that is easy for me to say as I have never had to be either at the bottom of the income ladder or be a resident of one of the fringe countries within the EU. So yes my view is biased based on my experience and environment, but still I have not seen any real benefit to the EU other then protectionism vis a vis EU import regulations...
This comment needs to be on the TOP 10 list.

Somewhere under the grail... which is money management.

bias makes you marry trades... i'm already married so i don't need more suffering.

stan
  • #327,192
  • Nov 16, 2010 9:11pm Nov 16, 2010 9:11pm
Quoting druckenmillr
he's a solid trader but i hope everyone knows you can't see real volume in the forex market.

you'd need a feed from every top bank combined into one algo.

stan
Transactional volume isn't available. But, in terms of combining bank feeds, esignal will bring together the 300 biggie fx trading institutional volume.

There are though many MT4 data feeds that have very decent volume feeds very close to esignal's consolidated feed; it really depends who your MT4 liquidity provider is and that that is then being pushed to your via MT4 volume data - the biggie names for MT4 are quite good regarding this. I know my broker pushes me citibank volume data, and they are vying/trying to return to the top transactional provider position in the world. There's been a good amount of comparison between Malcolm's esignal feed & other top tier LPs, and they are almost identical.

Key though, reading VSA is about one-third to half volume dependant - the other key data items are the span of the bar you're interpreting, and where it's closed. Put it all together along with other solid TA and reliability is incredibly good most of the time; this is acknowledged by those in the know.
  • #327,193
  • Edited 9:32pm Nov 16, 2010 9:14pm | Edited 9:32pm
Quoting nebuman213

http://www.businessinsider.com/quant...artoon-2010-11
this is great.

GS is one of the cancer's on our financial system.

they are one of the prime reasons the system almost went tits up.

stan
  • #327,194
  • Nov 16, 2010 9:19pm Nov 16, 2010 9:19pm
Quoting Beljevina
Transactional volume isn't available. But, in terms of combining bank feeds, esignal will bring together the 300 biggie fx trading institutional volume.

There are though many MT4 data feeds that have very decent volume feeds very close to esignal's consolidated feed; it really depends who your MT4 liquidity provider is and that that is then being pushed to your via MT4 volume data - the biggie names for MT4 are quite good regarding this. I know my broker pushes me citibank volume data, and they are vying/trying to return to the top transactional...
i'd love to talk to the esignal developers on how they pull that off.

so... the big D just hands over it's institutional volume along with 299 other banks? i doubt it.

and why 300... sounds like a sales pitch to me... you'd only the top 10 because the comprise 90% of all volume.

i don't know a thing about VSA... but as long as it works who cares.

stan
  • #327,195
  • Nov 16, 2010 9:23pm Nov 16, 2010 9:23pm
Quoting nebuman213

http://www.businessinsider.com/quant...artoon-2010-11
"they told us the sub-prime crisis was contained right before the shit hit the fan"

i had to watch it a second time.

stan
  • #327,196
  • Nov 16, 2010 9:24pm Nov 16, 2010 9:24pm
Quoting druckenmillr
"they told us the sub-prime crisis was contained right before the shit hit the fan"

i had to watch it a second time.

stan
hahahaha it's priceless! I wonder what the Fed thinks while listening to this
  • #327,197
  • Nov 16, 2010 9:26pm Nov 16, 2010 9:26pm
Quoting AlexC
7/8ths on the 1m chart
Yeah, I didn't check the M1 - I mostly limit my analysis till the H4 - Thanks for that.
  • #327,198
  • Nov 16, 2010 9:28pm Nov 16, 2010 9:28pm
Quoting Chicky
Looking at the purple line just above 1.3500, but not in a hurry.
http://cdn.forexfactory.com/attachme...1&d=1289365622
This is the nature of trading. Many like me never take this kind of trade.

Ps. Sorry I did but from just below 1.36xx
The Thief of Wall Street
  • #327,199
  • Nov 16, 2010 9:56pm Nov 16, 2010 9:56pm
Is everyone sleeping?

1.3250 seems a logical stop. However, if not, then 1.4444

I like 1.4444, Its kind of sexy figure.
The Thief of Wall Street
  • #327,200
  • Nov 16, 2010 10:02pm Nov 16, 2010 10:02pm
Quoting Chicky
Is everyone sleeping?

1.3250 seems a logical stop. However, if not, then 1.4444

I like 1.4444, Its kind of sexy figure.
I'm not sleeping, but the market is
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