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EURUSD

  • #332,961
  • Nov 25, 2010 3:46pm Nov 25, 2010 3:46pm
Quoting FibbinArchie
PS. I will be moving to a paid feed in due course,.

Only way to go.
  • #332,962
  • Nov 25, 2010 3:46pm Nov 25, 2010 3:46pm
Quoting FibbinArchie
Excellent response, thanks Cloggs...

PS. I will be moving to a paid feed in due course, will also be looking at moving from Spot to Futures...
Futures is definitely the way forward for day trading! Check out http://www.cmegroup.com/

TradeStation is a bitch of a platform and seems to slow down quite a bit when you have lots of historical data, so you need to clear the cache once in a while to improve performance. I have heard good things about NinjaTrader. Others swear by eSignal. I suppose it is horses for courses and you need to do your own due diligence on which platform is most suited for you!
  • #332,963
  • Nov 25, 2010 3:48pm Nov 25, 2010 3:48pm
Quoting Guitarfx
A Paid feed - OMG, why!!!
There are many reasons why... but I really cannot be bothered to explain... lol
  • #332,964
  • Nov 25, 2010 3:49pm Nov 25, 2010 3:49pm
  •  Analog
  • | Joined Nov 2010 | Status: Hold my beer and watch this... | 27 Posts
Quoting cloggie
Daily roll and the subsequent H4 base line is a hotly debated subject here. I use London midnight, for several reasons. The big houses in London use it and as it handles most of the worlds volume and has most of the worlds traders and HFT's I want my daily to line up with them. The added benefit is that your H4 coincides perfectly with the London open, just when you need it the most. I do note NY handover on my chart (1700 EST) as that's when most books in the States get closed for handover to either Singapore or Tokyo.

My entire strategy is based...
Hi all - good discussion!

I agree with all that you've said Cloggie, however using a midnight GMT daily open and close creates problems for some traders:

1. on the daily you get a Sunday bar which is only a few hours in duration. The only way around this is for the broker to not open the feed and trading on the platform until well into the Asian session on the Monday. A Sunday bar can play havoc with moving averages, pattern recognition, many indicators etc.

2. for the same reasons, you get a Sunday 4 hour bar which is the only entry for the day and will be of less than 4 hours duration - creating similar problems to the issue for daily charts.

There is no perfect solution for everyone.

My first post on FF - hope I didn't just add to the confusion...
  • #332,965
  • Nov 25, 2010 3:49pm Nov 25, 2010 3:49pm
Quoting bbakker
There are many reasons why... but I really cannot be bothered to explain... lol

No gaps, for starters.


I do wish I had it sometimes though, I could join the muppets in their guaranteed trades.....
  • #332,966
  • Nov 25, 2010 3:50pm Nov 25, 2010 3:50pm
Quoting cloggie
Only way to go.
Well, I used one once but never again. Nothing wrong with it but free works for me. Still kenn to hear arguments against though.
  • #332,967
  • Nov 25, 2010 3:52pm Nov 25, 2010 3:52pm
Quoting mercy seat
Okay thanks for clearing that ... possibly a technical or historical reason ... maybe handover from USA to Asian or Pacific based branches then ... around 17 EST or 22 GMT / UTC ... which is 23 Paris time ...

Btw ... I do like this overview for pivots and calculation purposes as follows :

http://www.actionforex.com/markets/p...tmpl=component

What you mean with paid feed ? Better platform ?
Quoting Guitarfx
A Paid feed - OMG, why!!!
I use VSA and have heard esig use an amalgamated source for spot vol, there are other issues with data freezes and reliability etc, once I get to a stage where the cost benefits of a reliable feed far outweigh the subscription charge, then as Cloggie says, it's really the only way to go...
  • #332,968
  • Nov 25, 2010 3:52pm Nov 25, 2010 3:52pm
Quoting cloggie
No gaps, for starters.


I do wish I had it sometimes though, I could join the muppets in their guaranteed trades.....
lol
  • #332,969
  • Nov 25, 2010 3:53pm Nov 25, 2010 3:53pm
Quoting bbakker
Futures is definitely the way forward for day trading! Check out http://www.cmegroup.com/

TradeStation is a bitch of a platform and seems to slow down quite a bit when you have lots of historical data, so you need to clear the cache once in a while to improve performance. I have heard good things about NinjaTrader. Others swear by eSignal. I suppose it is horses for courses and you need to do your own due diligence on which platform is most suited for you!
Will do that drink soon...
  • #332,970
  • Nov 25, 2010 3:55pm Nov 25, 2010 3:55pm
Quoting FibbinArchie
Will do that drink soon...
Abo Defo! Been really busy this week and I am orf to Dorset for my wife's twin brother's wedding tomorrow. I will text you next week to see if we can match a clear space in our diaries
  • #332,971
  • Nov 25, 2010 3:56pm Nov 25, 2010 3:56pm
Quoting SkyzerFX
You already lost with your 0.95 Target for EUR..

Don't need no bet this time.. 2-3 days and you'll see..

where are you hinding come to the sun light and talk
  • #332,972
  • Nov 25, 2010 3:58pm Nov 25, 2010 3:58pm
Quoting Guitarfx
Well, I used one once but never again. Nothing wrong with it but free works for me. Still kenn to hear arguments against though.

For starters, full tickdata, transparancy, order book, ultra low spreads, segregation, choice of PB, multi feeds, and no dodgy retail broker.
  • #332,973
  • Nov 25, 2010 3:59pm Nov 25, 2010 3:59pm
Quoting cloggie
Daily roll and the subsequent H4 base line is a hotly debated subject here. I use London midnight, for several reasons. The big houses in London use it and as it handles most of the worlds volume and has most of the worlds traders and HFT's I want my daily to line up with them. The added benefit is that your H4 coincides perfectly with the London open, just when you need it the most. I do note NY handover on my chart (1700 EST) as that's when most books in the States get closed for handover to either Singapore or Tokyo.

My entire strategy is...
Yah buddy london sure is the most important center of fx world, BUT today you must have observed What a SLOW BORING DAY it was Because of American Thanksgiving Holiday!!!
  • #332,974
  • Nov 25, 2010 3:59pm Nov 25, 2010 3:59pm
Quoting harigp
where are you hinding come to the sun light and talk
he will, as soon as we hit 1.15. then he says, "see, it's over... dullah is trash"

it's always fun...
  • #332,975
  • Nov 25, 2010 3:59pm Nov 25, 2010 3:59pm
The tick in future is 12,50 dollars as i know... Does anyone know if there is a smaller contract to be traded on future market or is it just that?

Thanks..
  • #332,976
  • Nov 25, 2010 4:00pm Nov 25, 2010 4:00pm
Quoting behman8850
Yah buddy london sure is the most important center of fx world, BUT today you must have observed What a SLOW BORING DAY it was Because of American Thanksgiving Holiday!!!
yes, but predictable and profitable enough.
besides, i could play a round of guild wars again... ;-)
  • #332,977
  • Nov 25, 2010 4:02pm Nov 25, 2010 4:02pm
Quoting Vladimir1987
The tick in future is 12,50 dollars as i know... Does anyone know if there is a smaller contract to be traded on future market or is it just that?

Thanks..
Check out e-mini
  • #332,978
  • Nov 25, 2010 4:03pm Nov 25, 2010 4:03pm
Quoting behman8850
Yah buddy london sure is the most important center of fx world, BUT today you must have observed What a SLOW BORING DAY it was Because of American Thanksgiving Holiday!!!

Ok I'll take the bait.

London daily turnover 1.85 Tn
NY + Chicago daily turnover 900 Bn
HK 200 BN
TY 312 BN
FR 100 BN.

You may not like it but London is the centre of the world when it comes to FX. It handles 40% of all FX worldwide.
  • #332,979
  • Nov 25, 2010 4:07pm Nov 25, 2010 4:07pm
http://preview.shareapic.net/preview7/023953589.gif

I am trading the 4 hour chart I just exit the short position today and gain 258 pips

The MACD cross alert (Green arrow) has a Bullish signal.

In addition the THV3 HA Bullish candlestick is breaking above the Ichimiku.

* I am waiting for the momentum indicator to see what happen when it going up to 100* Also, I will see if the CCI is above 0.
Then i will decided to enter the Long position or not.

Take a closer look at the CCI is going back below 0. I will need to wait until is going back above 0
http://img24.imageporter.com/i/00156/no7dn58ziky8_t.jpg

Take a closer look at the momentum. You will see that it already reach above 99.60! However, the CCI and the candlestick (red) is not quite match. I will wait to see when the cci and candlestick is match.

http://img1.imagehyper.com/t/0/0/277...5-89c68057.gif

see you after one and a half hour.
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  • #332,980
  • Nov 25, 2010 4:07pm Nov 25, 2010 4:07pm
Quoting cloggie
Ok muppet I'll take the bait.

London daily turnover 1.85 Tn
NY + Chicago daily turnover 900 Bn
HK 200 BN
TY 312 BN
FR 100 BN.

You may not like it but London is the centre of the world when it comes to FX. It handles 40% of all FX worldwide.
That might change if the Govt insist on taxing their bonuses every year! Singy and HK might become the new centre in a few years time... who knows! HSBC has already threatened!
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