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  • #335,241
  • Nov 30, 2010 12:15am Nov 30, 2010 12:15am
Quoting mikej2010
I don't do anything with volume as it is worthless with spot-forex, futures are centralized in Chicago {I think}, but there isn't anyway to detect spot-forex volume.
Have you tracked the Euro futures to the E/U spot FX? You should, they move pretty much the same and futures has real volume to track. IMHO

  • #335,242
  • Nov 30, 2010 12:19am Nov 30, 2010 12:19am
Quoting torontobboy2
what the heck is this graph ...all garbage and full of stupid @ss indicators
please do not post garbage here ...
What classy comments. Why do people conduct themselves like this and then expect respect and assistance, when in fact they know so little of the tools that are out there, choosing to diss what they don't know. People demand quality and free (and correct) advice, yet can't show humility and regard.

I regret answering your earlier question.
  • #335,243
  • Nov 30, 2010 12:20am Nov 30, 2010 12:20am
i believe 3100 is gone for now at least through the ny open then a continuation of downtrend.
Know when to hold em, Know when to fold em!
  • #335,244
  • Nov 30, 2010 12:20am Nov 30, 2010 12:20am
Quoting sidhujag
There probably is but you'd have to pay alot or have a high account min.

You can use tick values as volume and still have some understanding what SM is doing at the time.
Sorry don't mean to argue, but you cannot track Volume in spot-forex, as you would have to gather data from every bank, company, trader, and analys that data. You can only speculate ... and that speculation is based off of nothing.

You can take indications of what the market is doing, but there is no way to track volume. The day that there is, that developer of tracking volume will be the next billionaire as big banks & big business will pay for that information.

Quoting disegnosys
Have you tracked the Euro futures to the E/U spot FX? You should, they move pretty much the same and futures has real volume to track. IMHO


I guess when I think about it {but to answer your question no} but I just don't know enough about it & seems a little to risky for me ... and really no point to follow one for another.

But it is just centralized, the futures that is, so I will take your advice/suggestion and look into it. Interesting to see how it tracks together.
  • #335,245
  • Nov 30, 2010 12:23am Nov 30, 2010 12:23am
Quoting goods
i believe 3100 is gone for now at least through the ny open then a continuation of downtrend.
for the 3rd time, {not arguing, just stating},

'EUR Euro-Zone Consumer Price Index Estimate '

is due up in 3.5 hours {12gmt}, euro will probably rally before that + about 10 other news events going on.

I sold off my short at 1.3080 & I am scalping now, but I am going to go short again here in a bit a add more risk {pips} as the news flows out.
  • #335,246
  • Nov 30, 2010 12:23am Nov 30, 2010 12:23am
Quoting mikej2010
Sorry don't mean to argue, but you cannot track Volume in spot-forex, as you would have to gather data from every bank, company, trader, and analys that data....
You wouldn't have access to track the whole market obviously... but if you have a direct line with a bank then it might be possible but only from that liquidity provider. If its a reliable one then it might be ok but if not then tick volume will do
  • #335,247
  • Nov 30, 2010 12:28am Nov 30, 2010 12:28am
Quoting sidhujag
You wouldn't have access to track the whole market obviously... but if you have a direct line with a bank then it might be possible but only from that liquidity provider. If its a reliable one then it might be ok but if not then tick volume will do
Sorry, but to me that is like taking a 100 people and judging if anyone has an STD based off of testing 1 person.

I don't think there is any solid look at volume other then seeing if volume is going up or down. This is my opinion of course, I am just saying, if that networking capability was achieved along with cooperation from ... everyone, well then you literally accomplished world peace as in the 'biggest' players in the forex markets are the central banks.
  • #335,248
  • Nov 30, 2010 12:29am Nov 30, 2010 12:29am
Anything that looks to easy going down...wont !
Just ask the wife..
  • #335,249
  • Nov 30, 2010 12:30am Nov 30, 2010 12:30am
Quoting JuliusCeasar
Monthly AUD/USD

shorted this one above parity


Attachment
seems to be getting some support

closed this one +400, will jump back in later if support fails


Long eu 3290, 3170

Short uc 1.0015

This ones not looking too good but it don't matter, there is enough for everyones toys come christmas.
Mind over matter..I don't mind and you don't matter.
  • #335,250
  • Nov 30, 2010 12:30am Nov 30, 2010 12:30am
Quoting mikej2010
for the 3rd time, {not arguing, just stating},

'EUR Euro-Zone Consumer Price Index Estimate '

is due up in 3.5 hours {12gmt}, euro will probably rally before that + about 10 other news events going on.

I sold off my short at 1.3080 & I am scalping now, but I am going to go short again here in a bit a add more risk {pips} as the news flows out.
I still hold the fact that everything was priced in and the upmove continues from here... we wont see a down move for a few days to maybe mid next week imho
Know when to hold em, Know when to fold em!
  • #335,251
  • Nov 30, 2010 12:30am Nov 30, 2010 12:30am
Quoting lasty
Anything that looks to easy going down...wont !
Just ask the wife..
Not necessarily, if you perform the proper technical & fundamental analysis, anything can happen.
  • #335,252
  • Nov 30, 2010 12:30am Nov 30, 2010 12:30am
what is the current state, shall we go short or long
  • #335,253
  • Nov 30, 2010 12:30am Nov 30, 2010 12:30am
an ode....the weekly looks even worse.

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  • #335,254
  • Nov 30, 2010 12:31am Nov 30, 2010 12:31am
Quoting mikej2010
Sorry, but to me that is like taking a 100 people and judging if anyone has an STD based off of testing 1 person.

I don't think there is any solid look at volume other then seeing if volume is going up or down. This is my opinion of course, I am just saying, if that networking capability was achieved along with cooperation from ... everyone, well then you literally accomplished world peace as in the 'biggest' players in the forex markets are the central banks.
Yup whatever works for you thats all that matters.
  • #335,255
  • Nov 30, 2010 12:32am Nov 30, 2010 12:32am
Ok, fair enough, but I've been tracking the E/U and Euro futures for a few months and it does move pretty much the same. I am planning to start trading futures in Jan but only during the London/NY overlap. The first hour of NY open is where most good trades come from.



Quoting mikej2010
Sorry don't mean to argue, but you cannot track Volume in spot-forex, as you would have to gather data from every bank, company, trader, and analys that data....
  • #335,256
  • Nov 30, 2010 12:33am Nov 30, 2010 12:33am
Quoting goods
I still hold the fact that everything was priced in and the upmove continues from here... we wont see a down move for a few days to maybe mid next week imho
To add to my argument or "difference of opinion for a lack of a better term" against you.

2 things

1. A LOT of news from the U.S. coming out a few hours after EURO news.

2. 3 words 'USD Consumer Confidence'

If the USD Consumer Confidence is good, risk is going down, especially if EURO news is bad.

& trend was broken tonight.
  • #335,257
  • Nov 30, 2010 12:34am Nov 30, 2010 12:34am
Quoting mikej2010
Not necessarily, if you perform the proper technical & fundamental analysis, anything can happen.
Dinner DVD and Drugs ?
Thats an option with a premium
  • #335,258
  • Nov 30, 2010 12:38am Nov 30, 2010 12:38am
Quoting lasty
Dinner DVD and Drugs ?
Thats an option with a premium
going short or going long?

okay/joke over. end it here.
  • #335,259
  • Nov 30, 2010 12:38am Nov 30, 2010 12:38am
Quoting mikej2010
To add to my argument or "difference of opinion for a lack of a better term" against you.

2 things

1. A LOT of news from the U.S. coming out a few hours after EURO news.

2. 3 words 'USD Consumer Confidence'

If the USD Consumer Confidence is good, risk is going down, especially if EURO news is bad.

& trend was broken tonight.
I dont get what you are telling me. I know the fundamentals and news releases going on there is a little more than meets the eye right now. Euro has tons of news coming out and so does USD.

I dont have alot of faith in consumer spending over holidays. I dont have alot of faith in $ and I dont have alot of faith in Euro. I am only trading what it is that I see based on the overall economic conditions.


Mike i see through your posting you have some scalp trades going on. Do you have a longer term short or long that you are in that you are unsure of? I am getting a feeling you are trying to find a reversal on some drawdown on a particular trade you are in?

You need understand the trend I am looking at might not be what you are looking at
Know when to hold em, Know when to fold em!
  • #335,260
  • Nov 30, 2010 12:46am Nov 30, 2010 12:46am
Quoting goods
I dont get what you are telling me....
sales were up 6% for the weekend for holiday shopping.

to tell you the truth, I went short for long term. cashed out at about .3080 & then I am scalping.

if we reach .3150 I will go long & just riding it out, if we go below .3060, I am going short again.

I have to admit, the Euro is looking oversold so I don't know. No one does, I am just riding it out right now as risk is to high.
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