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  • #402,281
  • Mar 7, 2011 10:23pm Mar 7, 2011 10:23pm
Cloggie i dont see a problem,take your cash and bring it to nearest stock exchange get a license and trade on the floors ,as i dont see any reason that retailers would have any impact on trading,since most positions dont even leave a broker.Back then only maybe handful of people could afford to play forex,now anyone can,but the question is why do you care and get all abusive,since you yourself choose to come here everyday and post?

I am all for going back to the 80's where the tresholds for entry were a lot harder and the failure rate was actually a lot lower
Peace :]
  • #402,282
  • Mar 7, 2011 10:27pm Mar 7, 2011 10:27pm
Alot of overhead resistance here at .3986-90 level...interesting to see if this holds.....
  • #402,283
  • Mar 7, 2011 11:00pm Mar 7, 2011 11:00pm
Cannot see it holding myself. She's being held up for someone.

Quoting ragu
Alot of overhead resistance here at .3986-90 level...interesting to see if this holds.....
  • #402,284
  • Mar 7, 2011 11:02pm Mar 7, 2011 11:02pm
well for me its the same as yesterday, if 3957/70 holds I'm looking for a push towards 4065/91 and if it breaks 3835/87 would not surprise me...them is the bigger levels for me today...
Look Sharp/Trade Tight
  • #402,285
  • Mar 7, 2011 11:03pm Mar 7, 2011 11:03pm
Quoting ragu
Alot of overhead resistance here at .3986-90 level...interesting to see if this holds.....
For what it's worth. Spent the last 15 min or so watching DXH's book. There has been consistently more on offer than being bid in it, and keeps nibbling at new lows.

Again, this is the futures market's book, not some ill defined definition of volume, and it doesn't always mean anything (those bids and offers can be pulled as easily as they're placed), but there seems to be pressure on DX, which would translate to higher EUR.

Just one data point in a vast needlepoint, though.
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  • #402,286
  • Mar 7, 2011 11:09pm Mar 7, 2011 11:09pm
Quoting OldQuant
For what it's worth. Spent the last 15 min or so watching DXH's book.
Hey OQ, hope you been well brother, say is that the total book?
Look Sharp/Trade Tight
  • #402,287
  • Mar 7, 2011 11:13pm Mar 7, 2011 11:13pm
Yes, it could break to the upside, although I always use the axiom, the longer the time the stronger the line and H4 overhead resistance is in that .3985-90 region....just an "area" to watch closely....
  • #402,288
  • Mar 7, 2011 11:19pm Mar 7, 2011 11:19pm
Quoting PayTheLimit
Hey OQ, hope you been well brother, say is that the total book?
Don't know the answer. It the same size as reported at the front from other sources, but I don't know about the depth. Maybe I have to diddle some depth settings. I'll check.

In grain news, wheat got clobbered today; spread was up over 100, and now back in the 80's. W = S&P; always has. C is steady as a rock. Had lunch with some cattlemen today. There's apparently a serious shortage of calves to enter the feed cycle, due to the drought related slaughter of breeding stock last year. Meat prices going to have some upward pressure.
  • #402,289
  • Mar 7, 2011 11:25pm Mar 7, 2011 11:25pm
good morning guys,

what do you guys feel about the "uncharted territory" in the 3880 - 3940 region. since the move up we have never filled that area again?
Keep It Simple Stupid
  • #402,290
  • Mar 7, 2011 11:28pm Mar 7, 2011 11:28pm
I am bear on EU
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  • #402,291
  • Mar 7, 2011 11:30pm Mar 7, 2011 11:30pm
Quoting Alastair
good morning guys,

what do you guys feel about the "uncharted territory" in the 3880 - 3940 region. since the move up we have never filled that area again?
we don't know that yet. right now 3950 - 4000 is in a huge battle. can swing anywhere for now. keep a watch on price
  • #402,292
  • Mar 7, 2011 11:30pm Mar 7, 2011 11:30pm
Quoting OldQuant
For what it's worth. Spent the last 15 min or so watching DXH's book. There has been consistently more on offer than being bid in it, and keeps nibbling at new lows.

Again, this is the futures market's book, not some ill defined definition of volume, and it doesn't always mean anything (those bids and offers can be pulled as easily as they're placed), but there seems to be pressure on DX, which would translate to higher EUR.

Just one data point in a vast needlepoint, though.
I trade E7H, ESH, YMH, and NQH futures and those Bids and Offers show the number of orders but not the size them. I find it tricky to read for trading.

Cheers
  • #402,293
  • Mar 7, 2011 11:37pm Mar 7, 2011 11:37pm
Quoting Alastair
good morning guys,

what do you guys feel about the "uncharted territory" in the 3880 - 3940 region. since the move up we have never filled that area again?
Uncharted????

Dude...look back, there are charts that show trade areas from 1.5 down to 1.2...

If we somehow make it above or below them areas, we are uncharted...this is just some range trading..
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #402,294
  • Mar 7, 2011 11:38pm Mar 7, 2011 11:38pm
Morning all,

According to my hourly euro is bearish towards 3922, 3903 and 3883.. so i m looking to sell it above and for entry i m looking at 5M chart.. which is still bullish towards 3989, 3994 and 3998.. i will take the entry between 3994-98 if it go there.. the reason to pick the entry between 3994-98 is because my 4H main resistance is now at 4000 and curves wanna change th direction towards down.. if got a 4h close above 4000 then next will be 4041, 4066 and 4085.. look at my hourly .. it already pointing down to me.. lets see..
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  • #402,295
  • Mar 7, 2011 11:44pm Mar 7, 2011 11:44pm
Quoting disegnosys
I trade E7H, ESH, YMH, and NQH futures and those Bids and Offers show the number of orders but not the size them.
Are you sure about that? I just watched YMH trade; the bid went from 6 to 4, and the volume rose by 2. The volume, certainly, is in contracts; I assume that the bid/ask sizes are, as well.

Honestly, I've never heard of size quotations in orders. Doesn't mean that isn't right, though.
  • #402,296
  • Mar 7, 2011 11:51pm Mar 7, 2011 11:51pm
Quoting OldQuant

Honestly, I've never heard of size quotations in orders. Doesn't mean that isn't right, though.

Globex, I know has that feature, I've seen it, and used it. It makes a big difference if your leaning say on a 1000 lot, if its 2 orders, or 20.
Look Sharp/Trade Tight
  • #402,297
  • Mar 7, 2011 11:51pm Mar 7, 2011 11:51pm
Well, I have to turn in. Have a trip tomorrow evening, and have to get up fairly early to get done everything I need to get done.

My gut overnight feeling is long here, but that's only because it's only had one real 1.40 excursion (NFP doesn't count for anything), and I've only heard the phrase "secular uptrend in the EUR" once.

Has to be at least a little more bounce in the turkey.
  • #402,298
  • Mar 7, 2011 11:57pm Mar 7, 2011 11:57pm
Quoting OldQuant
For what it's worth. Spent the last 15 min or so watching DXH's book. There has been consistently more on offer than being bid in it, and keeps nibbling at new lows.

Again, this is the futures market's book, not some ill defined definition of volume, and it doesn't always mean anything (those bids and offers can be pulled as easily as they're placed), but there seems to be pressure on DX, which would translate to higher EUR.

Just one data point in a vast needlepoint, though.

Thats interesting, havent seen that before. But I woul assume Spot goes before futures as there is more price handover than w. futures... ?

going long EU her, should get 4040....
  • #402,299
  • Mar 7, 2011 11:58pm Mar 7, 2011 11:58pm
Quoting PayTheLimit
Globex, I know has that feature, I've seen it, and used it.
Well, I'll be damned. Learn something every day.

Just don't tell the VSA guys about this; it could cause a rip in space time continuum.

Stay sharp tonight.
  • #402,300
  • Mar 8, 2011 12:02am Mar 8, 2011 12:02am
Quoting OldQuant
Well, I'll be damned. Learn something every day.

Just don't tell the VSA guys about this; it could cause a rip in space time continuum.

Stay sharp tonight.
lol, I've renamed VSA to witchcraft, it covers the general use of volume..lol, have a good one, I'm off to LO myself, good luck PTL
Look Sharp/Trade Tight
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