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  • #383,981
  • Feb 10, 2011 10:42am Feb 10, 2011 10:42am
Quoting Dabek FX
I hear that doctors make great traders.
So do strippers.
  • #383,982
  • Feb 10, 2011 10:51am Feb 10, 2011 10:51am
Quoting gatorinla
i love it.. just a chance to screw the same ones screwing the u.s. such as china and the Saudis. i bet they are stockpiling wheat around the world. Russia had a drought and Australia had a flood.
I'm still kicking myself for not taking a large long position on corn a while ago when I looked at the data and expected major food inflation. However, that was due to weather patterns (I'm expecting the next couple of years to be bad for crops), not monetary policy.

China's been stockpiling commodities for several years now; I'm sure that they've got quite a bit of food commodities stored. I read a while back one of the problems they've been having is local officials stealing stored commodities and selling them. ... believe it or not, there are some crime issues in China; their societal morals aren't that much different than ours in the US.

Saudi's actually got a robust agricultural base. Dump enough water on desert sand and you can get crops to grow. When I was flying there in the mid-90s, there were some areas that reminded me of the midwest with the pivot irrigation systems.
  • #383,983
  • Feb 10, 2011 10:51am Feb 10, 2011 10:51am
Quoting infinitus
Hi all,

out of Elliott Wave sight I would say, that we are right now in a subwave 4 of the wave down since yesterday night.

Look at 4h chart. You can count 1-2-(1-2-3-4-5) and now in wave 4.

This wave 4 might stop 3634, 3641 or 3649
ok , breaks at 3627 & further confirmation 3653 for up already started perhaps towards 3710 /22 and may up 3766 to top while playing & respecting diamond mofu .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #383,984
  • Feb 10, 2011 10:52am Feb 10, 2011 10:52am
curious if 3632/33 will have a effect.
those who can, do. those who cant, talk about those who can
  • #383,985
  • Feb 10, 2011 10:53am Feb 10, 2011 10:53am
Quoting gatorinla
i bet an = amount of sellers are stepping in
what do you think, they're up to?
no-man's land again...
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  • #383,986
  • Feb 10, 2011 10:53am Feb 10, 2011 10:53am
Quoting Dabek FX
I hear that doctors make great traders.
Might be because its easier for the to remove the emotion from trading?
But who knows. I'm not a doctor yet
  • #383,987
  • Feb 10, 2011 10:53am Feb 10, 2011 10:53am
Quoting gatorinla
curious if 3632/33 will have a effect.
Waiting for the next valid short signal...
  • #383,988
  • Feb 10, 2011 10:54am Feb 10, 2011 10:54am
Anyone long? I took one from 3585
  • #383,989
  • Edited 1:39pm Feb 10, 2011 10:56am | Edited 1:39pm
Same chart I posted early in the morning. Below 3660 longs are not safe now. Just scalp if you can
  • #383,990
  • Feb 10, 2011 10:57am Feb 10, 2011 10:57am
Quoting iflyjetzzz
I'm still kicking myself for not taking a large long position on corn a while ago when I looked at the data and expected major food inflation....
the Saudis still import. if there is a spill over from another country.. who knows.
those who can, do. those who cant, talk about those who can
  • #383,991
  • Feb 10, 2011 10:57am Feb 10, 2011 10:57am
CAIRO—Egyptian President Hosni Mubarak is expected to announce he will step aside Thursday evening, the head of the country's ruling party said, conceding the main demand of protesters gathered in central Cairo's Tahrir Square.
http://online.wsj.com/article/SB1000....html?mod=e2tw
  • #383,992
  • Feb 10, 2011 10:59am Feb 10, 2011 10:59am
If you had 1.3 billion or so mouths to feed you will keep a little on the side.
  • #383,993
  • Feb 10, 2011 11:07am Feb 10, 2011 11:07am
Quoting aarontdang
Anyone know why
GBP move up like a crazy dog...!!!!
Reason # 1 TL bounce
Reason # 2 Horizontal support bounce
Reason # 3 Possible the end of wave 4 and the bigining of wave 5 up

I hope this helps
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #383,994
  • Feb 10, 2011 11:09am Feb 10, 2011 11:09am
I thought about this and your need for knowing calculations while I was in the gym and as my 50 pip tp target was hit on EU

Question for you ....

When you go on vacation and fly there , did you understand all the math behind the engineering of the plane , the engineering of the airport that you left from and the engineering of the roads that got you there , the bridges that you crossed , the car that you drove to get to the airport, the fuel that was used to power that car ? DO YOU UNDERSTAND THE CALCUALTIONS BEHIND ALL OF THIS ? ... likely not as you would need about 15 different degrees .... yet you understand that you get in the plane , it takes off and you arrive at your destination . THAT IS ALL YOU NEED TO KNOW, just like if you use rsi on a chart ..do you need to know the math .. not really.

If you do not understand the math behind mechanical , civil , fluid mechanics and aeronautical engineering I suggest you should never fly again .....what is worse / putting your life in danger when you do not understand calculations or losing a few bucks ?

lol

btw today confirmed journey to 1.4


Quoting cloggie
No it doesn't, that is irrelevant. Big orders go through several ECN's/banks and cannot be shown by looking at tick data. Tick price changes just means that there are several orders available at different bids/asks, it does not show at all the size of the orders, quite the contrary, they could be 1 mill retail orders or a couple of yards from GS. Just looking at the change of price (most VSA's use HL and OC's add a fudge factor when they are identical ( no bodies, no whicks), then the really good Indy's use a DU filter. They will never show the...
Blogging daily now at www.volume.zone
  • #383,995
  • Feb 10, 2011 11:12am Feb 10, 2011 11:12am
LOL
  • #383,996
  • Feb 10, 2011 11:14am Feb 10, 2011 11:14am
You chinese ? you must be cause you do not understand English....
vsa is NOT an indicator ..

futures IS REAL VOLUME
spot is TICK VOLUME. If you have 1 million tick going off in a candle that is only 20 pip wide on a 60 min and the average tick per 60 min bar is 200,000 and then the next one is down does this mean sellers have just hit the market or not .

IF YOU DO NOT UNDERSTAND WHAT A TICK IS OR VOLUME IS then babypips.com is awesome site for newbie traders..lol

Quoting cloggie
Tom Williams himself admitted that VSA is not volume and is not a representation of the size of orders and that it is just a representation of price changes without taking the order size into account.

Posters on this forum are very good in defending a way of trading without having any clue how their strategy is formed.

This is not personal, this is just publicly questioning a herd's believe in a way of trading without properly understanding it or even know how the data they follow is formed into that particular visual presentation.

VSA guys...
Blogging daily now at www.volume.zone
  • #383,997
  • Feb 10, 2011 11:19am Feb 10, 2011 11:19am
Quoting malcolmb14
You chinese ? you must be cause you do not understand English....
vsa is NOT an indicator ..

futures IS REAL VOLUME
spot is TICK VOLUME. If you have 1 million tick going off in a candle that is only 20 pip wide on a 60 min and the average tick per 60 min bar is 200,000 and then the next one is down does this mean sellers have just hit the market or not .

IF YOU DO NOT UNDERSTAND WHAT A TICK IS OR VOLUME IS then babypips.com is awesome site for newbie traders..lol
Very nice
  • #383,998
  • Feb 10, 2011 11:23am Feb 10, 2011 11:23am
don't waste your time malcom. he's a joke. granted a big mouth joke. LOL.

edit: i have my attic full of guys like him. i pull the lever, several fall off.
Quoting malcolmb14
You chinese ? you must be cause you do not understand English....
vsa is NOT an indicator ..

futures IS REAL VOLUME
spot is TICK VOLUME. If you have 1 million tick going off in a candle that is only 20 pip wide on a 60 min and the average tick per 60 min bar is 200,000 and then the next one is down does this mean sellers have just hit the market or not .

IF YOU DO NOT UNDERSTAND WHAT A TICK IS OR VOLUME IS then babypips.com is awesome site for newbie traders..lol
  • #383,999
  • Feb 10, 2011 11:26am Feb 10, 2011 11:26am
Clogie is just bored ... lol ...

I have given him 40 years of calculations to go study so he can fly again .

aerodynamics
structural mechanics
fluid mechanicals
mining engineering
stats
materials engineering
structural dynamics
electrical engineeering
etc etc

should keep him busy for a while /.. kept me busy 4 years just doing my Civil engineering degree.. .. if he does not understand all these he better not drive a car or fly in a plane ever again




Quoting jack.canadia
Very nice
Blogging daily now at www.volume.zone
  • #384,000
  • Feb 10, 2011 11:31am Feb 10, 2011 11:31am
First as I have said before I do use forex "tick volume".

But I haven't once seen anyone acknowledge the FACT that in forex trading volume, and price for that matter, are bid or ask changes. Repeat price is bid/ask movement and not actual trades.

So "volume" AND "price" are not the same as when trading stocks or futures.

But nonetheless are useful to those of us who know how to interpret it - no matter how many times the naysayers say ......... it can't be done.
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