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  • #380,681
  • Feb 6, 2011 11:57pm Feb 6, 2011 11:57pm
Quoting fraktalas
my borker is still out of work, but my view doesn't change
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Take my 33pips, now wait till London open.
  • #380,682
  • Feb 7, 2011 12:01am Feb 7, 2011 12:01am
Quoting malcolmb14
lol ... come on ..really ...do you always show your hand in poker ? Even in total view on nasdaq the pros hide orders like mad
Your point's well taken. I just thought 50M v 21MM was a little amusing.

Actually, we have an analytic that monitors the degree of "aggression" in the bid-ask dance around the clearing price on an ECN. The following graph is an example of it. The black line is just a connection of 5-min prices (its 01Feb, last Tuesday, COT day). The blue line is the metric itself.

The way it's read is that if it's positive, bids tend to "go get" the offers, and prices of course rise on balance. The more the large bids appear and stay in the book close to the last cleared price, the higher the metric number is.

No guarantee that this does what we think it does, but notice how, Tue afternoon, the metric leveled off even while the market continued to rise. (Topping phenomenon, typically). The other interesting thing on that day was how eager the bids were to gobble up those falling offers right around 01CST (around London open).

Anyway, just FWIW.
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  • #380,683
  • Feb 7, 2011 12:06am Feb 7, 2011 12:06am
Quoting OldQuant
Your point's well taken. I just thought 50M v 21MM was a little amusing.

Actually, we have an analytic that monitors the degree of "aggression" in the bid-ask dance around the...
Interesting. I am aware of people who use a similar concept in trading Emins, how do you account for the fact that you are only looking at a fraction of the market?
Look Sharp/Trade Tight
  • #380,684
  • Feb 7, 2011 12:06am Feb 7, 2011 12:06am
Quoting OldQuant
Your point's well taken....
Interesting stuff.
FF journal: Peaks and Troffs
  • #380,685
  • Edited 12:10am Feb 7, 2011 12:10am | Edited 12:10am
Quoting PayTheLimit
Interesting. I am aware of people who use a similar concept in trading Emins, how do you account for the fact that you are only looking at a fraction of the market?
The same 15 or so dealers serve most of the major ECN's simultaneously.

We believe (rightly or wrongly), that any one ECN is a reasonable proxy for the dealer books overall, in the same sense that an opinion poll is a reasonable proxy for the population.
  • #380,686
  • Feb 7, 2011 12:14am Feb 7, 2011 12:14am
Quoting OldQuant
The same 15 or so dealers serve most of the major ECN's simultaneously.

We believe (rightly or wrongly), that any one ECN is a reasonable proxy for the dealer books overall, in the same sense that an opinion poll is a reasonable proxy for the population.
Kinda what I figured. Most of the Eminis guys I know use the information for either very short TF's, ie mins/secs, and also use the data to filter out other signals.
Look Sharp/Trade Tight
  • #380,687
  • Feb 7, 2011 12:17am Feb 7, 2011 12:17am
eurusd m30 Technical Analyse
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  • #380,688
  • Feb 7, 2011 12:22am Feb 7, 2011 12:22am
Quoting malcolmb14
bullish ... very bullish...all dips being bought on the futures and down moves on low volumes indicating lack off selling. I think that 2011 / 2012 have very nice uptrends
so this means i can safely take an investment position there.
  • #380,689
  • Feb 7, 2011 12:22am Feb 7, 2011 12:22am
I believe the fight for taday would be here in the daily pivot. If the bulls make the eur dont go below 1.36, then today would be a bull day at the beginning of london open, if not, we are going to continue fridays bear...!!
  • #380,690
  • Feb 7, 2011 12:25am Feb 7, 2011 12:25am
Quoting PunjabiSher
so this means i can safely take an investment position there.
you are joking right?
  • #380,691
  • Feb 7, 2011 12:25am Feb 7, 2011 12:25am
In high frequency trading u show a huge position and quickly withdraw it fooling the market of a trend developing.

Trust your charts not the order flow.
  • #380,692
  • Feb 7, 2011 12:29am Feb 7, 2011 12:29am
I see a long for EURUSD for now....
In Charts We Trust!
  • #380,693
  • Feb 7, 2011 12:29am Feb 7, 2011 12:29am
Quoting pkimnyc
you are joking right?
i feel cable has the potential to move to 6450 on rate hike rumors till thursday
  • #380,694
  • Feb 7, 2011 12:29am Feb 7, 2011 12:29am
Quoting PayTheLimit
Kinda what I figured. Most of the Eminis guys I know use the information for either very short TF's, ie mins/secs, and also use the data to filter out other signals.
We're trend guys. Where this comes in is in "managing the binding," or when the main signals are saying it's time to roll, this is used as an input into the timing of the roll.

For example, here's the same thing Wed thru London open. No buying pressure to be seen at all. PA and other things were saying so, and this just supported that it was time to roll short.
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  • #380,695
  • Feb 7, 2011 12:32am Feb 7, 2011 12:32am
Quoting X.Oden
I see a long for EURUSD for now....
1 hour momentum is th spoilsport currently, plus chinese banks are in hawaii for 2 more days.
  • #380,696
  • Feb 7, 2011 12:36am Feb 7, 2011 12:36am
Quoting OldQuant
We're trend guys. Where this comes in is in "managing the binding," or when the main signals are saying it's time to roll, this is used as an input into the timing of the roll.

For example, here's the same thing Wed thru London open. No buying pressure to be seen at all. PA and other things were saying so, and this just supported that it was time to roll short.
Understood. BTW, those EMini chaps found out quickly that using the same analysis on smaller markets, ie Emini Nasdaq and Emini Russell was more accurate, since in essence they were looking at a market with less participants and orders. Have you tried mining data of less actively traded pairs in FX?
Look Sharp/Trade Tight
  • #380,697
  • Feb 7, 2011 12:36am Feb 7, 2011 12:36am
Quoting PunjabiSher
i feel cable has the potential to move to 6450 on rate hike rumors till thursday
so... you are going to just enter a position based on monthly chart? not waiting for set up? no sl? i do see a bullish on cable too, but i wouldn't just enter a position just because monthly chart looks bullish or there are rate hike rumors...

i would wait for the set up to mature, if you have one, in smaller tf.
  • #380,698
  • Feb 7, 2011 12:44am Feb 7, 2011 12:44am
Quoting pkimnyc
so... you are going to just enter a position based on monthly chart? not waiting for set up? no sl? i do see a bullish on cable too, but i wouldn't just enter a position just because monthly chart looks bullish or there are rate hike rumors...

i would wait for the set up to mature, if you have one, in smaller tf.
I will wait for 1 hour momentum to give a better entry

i was contemplating entry at 6138, but feel it can dip lower a bit, so waiting for that.

and since my power is back up, i just need for a good momentum to build up first.
  • #380,699
  • Feb 7, 2011 12:46am Feb 7, 2011 12:46am
Quoting PunjabiSher
I will wait for 1 hour momentum to give a better entry

i was contemplating entry at 6138, but feel it can dip lower a bit, so waiting for that.

and since my power is back up, i just need for a good momentum to build up first.
gl to your trade.
  • #380,700
  • Feb 7, 2011 12:49am Feb 7, 2011 12:49am
Quoting PayTheLimit
Have you tried mining data of less actively traded pairs in FX?
Short answer: no. But not because I don't think there would be any value in it.

It's kind of like what Pa Kettle said to his wife when she asked him to do something: "Can't do everything in one day, Ma."

Seriously, what they found does make sense. There's a lot of gaming in the spoo's and the other liquid futures, and guys that nobody can outgun in the high freq. So going to the more retail contracts does make sense.
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