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Order Flow - Achieving the mindset

  • #2,521
  • Jul 29, 2011 8:46am Jul 29, 2011 8:46am
Quoting Monroe
i try to take it easy on friday but... "EFSF might not be ready to loan Greece the next loan tranche by mid semptember" at 6:40 EDT... easy money into the stops....
Which news wire posted this at 6:40? I'm trying to find a good headline news wire. Thanks and holy crap you killed that trade good for you man.
  • #2,522
  • Jul 29, 2011 8:53am Jul 29, 2011 8:53am
Quoting Nervousone
Which news wire posted this at 6:40? I'm trying to find a good headline news wire. Thanks and holy crap you killed that trade good for you man.
whats up Nervousone... it was ransquawk wires... they squawk reuters, bloomberg, DJ, etc throughout the day. It's the best thing I can find next to coughing up the dough for the terminals.

yea this turned out pretty well.
  • #2,523
  • Jul 29, 2011 9:09am Jul 29, 2011 9:09am
Quoting Monroe
whats up Nervousone... it was ransquawk wires... they squawk reuters, bloomberg, DJ, etc throughout the day. It's the best thing I can find next to coughing up the dough for the terminals.

yea this turned out pretty well.
Alright cool, that's what I have too, just wanted to ask in case theres a news wire that's good that I don't know about.

Right now I also have a 2 week trial of Dow Jones news wire from a rep. I'm really not that impressed.. Granted I'm using it only for the headline news, I don't need or want the Dow analyst commentary, it's just glorified WSJ stuff.

It puts out a little more information that RAN concerning headlines, but if it is market moving headlines which are the only ones that matter RAN has them covered. So I don't think I'll be paying hundreds of dollars a month for this DJ news wire in 2 weeks.
  • #2,524
  • Jul 29, 2011 9:13am Jul 29, 2011 9:13am
Quoting Nervousone
Which news wire posted this at 6:40? I'm trying to find a good headline news wire. Thanks and holy crap you killed that trade good for you man.

6:51 am EST. LONDON, July 29 (IFR) - Headlines on the EFSF not being ready to lend hitting the Euro, with EUR/USD dropping below 1.4250 and EUR/CHF falling below 1.1400 to put the 1.1365 all-time cross lows in view below. Stops run in the drop below the 50-mark, with 1.4229 the immeidate follow-through lows.

7:15 am EST. [LONDON, July 29th](IFR) EUR/USD had steadied to build a rough 1.4250/1.4300 comfort-zone but headlines that the European Financial Stability Fund might not be in a position to lend in the second Greek tranche in September have sent the single currency lower into the North American crossover.

Monroe, do you find ransquawk good enough to replace IFR or you're watching both?
  • #2,525
  • Jul 29, 2011 9:15am Jul 29, 2011 9:15am
Quoting Nervousone
Alright cool, that's what I have too, just wanted to ask in case theres a news wire that's good that I don't know about.

Right now I also have a 2 week trial of Dow Jones news wire from a rep. I'm really not that impressed.. Granted I'm using it only for the headline news, I don't need or want the Dow analyst commentary, it's just glorified WSJ stuff.

It puts out a little more information that RAN concerning headlines, but if it is market moving headlines which are the only ones that matter RAN has them covered. So I don't think I'll be paying...
Cool... yea oanda has the syndicated version of DJ for free... RAN is good because it delivers the important stuff from all of them and they all have their good points.... if i had to pick one to pay for trading FX, it would be Reuters without a doubt. You could probably get just the news feed for like $350-400 bucks a month.
  • #2,526
  • Jul 29, 2011 9:22am Jul 29, 2011 9:22am
Quoting seagreen
[i]6:51 am EST. LONDON, July 29 (IFR) - Headlines on the EFSF not being ready to lend hitting the Euro, with EUR/USD dropping below 1.4250 and EUR/CHF falling below 1.1400 to put the 1.1365 all-time cross lows in view below. Stops run in the drop below the 50-mark, with 1.4229 the immeidate follow-through lows.

7:15 am EST. [LONDON, July 29th](IFR) EUR/USD had steadied to build a rough 1.4250/1.4300 comfort-zone but headlines that the European Financial Stability Fund might not be in a position to lend in the second Greek tranche in September...

No IFR is not a headline newswire like RANsquawk... I use them both, they are different things.
  • #2,527
  • Jul 29, 2011 1:17pm Jul 29, 2011 1:17pm
Good for you guys. For me it was a really bad end to a fantastic week.
.
  • #2,528
  • Jul 29, 2011 2:36pm Jul 29, 2011 2:36pm
there's always next week nasir. that's why I don't like to go balls out on fridays. good trades the other day though.
  • #2,529
  • Jul 29, 2011 2:51pm Jul 29, 2011 2:51pm
I took the night off and thought it was saturday morning
  • #2,530
  • Jul 29, 2011 2:57pm Jul 29, 2011 2:57pm
Quoting EmeraldEyes
I took the night off and thought it was saturday morning
lol dude i saw that comment last night... I was like naaa no way he thinks its friday night... that can't be what he means.
  • #2,531
  • Jul 29, 2011 3:26pm Jul 29, 2011 3:26pm
Holy. I just went back and read that! Ya that was from my cell between naps. Work gave me my days off one day early this week. hahaha

This morning I was pondering BoJ intervention. Can you see it happening off the bat on a Monday asian session?
  • #2,532
  • Edited 4:10pm Jul 29, 2011 3:43pm | Edited 4:10pm
Quoting EmeraldEyes
Holy. I just went back and read that! Ya that was from my cell between naps. Work gave me my days off one day early this week. hahaha

This morning I was pondering BoJ intervention. Can you see it happening off the bat on a Monday asian session?
lol thats funny man.

I can see it maybe happening yea, i thought it might happen today even... they were ramping up the verbal last night before the tokyo fix but since i didn't see it then, i went for the short today.

edit: I would think they have to be pretty damn strategic about it since they wont have the help of G7 this time around from what I understand.
  • #2,533
  • Jul 31, 2011 6:55pm Jul 31, 2011 6:55pm
Hi all,

I'm new to all this Order Flow mindset. Been lurking for a while though.

Saw this on RANsquawk before the weekend:

Quote
EUR/AUD looking to make a test on 1.3100 to the downside; trades 1.3102 (+78pips) last

I wasn't sure what that last bit meant but I'm sure the first bit meant that there were more offers than bids at around 1.31

So who was able to get in at 1.31 or better for a short (currently +80pips)?
  • #2,534
  • Jul 31, 2011 9:54pm Jul 31, 2011 9:54pm
Quoting the-game
Hi all,

I'm new to all this Order Flow mindset. Been lurking for a while though.

Saw this on RANsquawk before the weekend:



I wasn't sure what that last bit meant but I'm sure the first bit meant that there were more offers than bids at around 1.31

So who was able to get in at 1.31 or better for a short (currently +80pips)?
You can't have both bids and offers at the same price. It's either bids and sell stops or offers and buy stops.
  • #2,535
  • Jul 31, 2011 11:21pm Jul 31, 2011 11:21pm
Yes, I understand that, but I did say "at around"... I was summarizing.

What I meant to ask was if the RANsquawk headline that I quoted really meant if there were more sellers (offers) trying to break the 1.31 price than there were buyers (bids) to defend it.
  • #2,536
  • Aug 1, 2011 1:56am Aug 1, 2011 1:56am
Quote
IFR:USD/JPY: MASSIVE SHORT-COVERING EARLY

USD/JPY trader stops above 77.50 and 78.00 taken out on surge higher from 76.90 early low. Positions adjustments push pair lower later. More topside stops eyed above 78.10, 78.25, 78.75 and 79.10. Bids back in around 77.00. Stops sub-76.90, 76.25 and very large sub-75.00. Talk of option barriers in 25-50 tick increments below 77.00 down to 75.00. (hi)

Interesting...

What do you all make of this?
  • #2,537
  • Aug 1, 2011 2:16am Aug 1, 2011 2:16am
Quoting the-game
Interesting...

What do you all make of this?
That is interesting. I see the buy stops @ 78.10, 78.25, 78.75 and 79.10 being traders that are/were positioning for a ride up with the BoJ intervention along with the release of US debt deal BS.
  • #2,538
  • Aug 1, 2011 2:18am Aug 1, 2011 2:18am
Quote
1400GMT option expiries via Gerry @ ForexLive

EUR/USD: 1.4430, 1.4200
USD/JPY: 77.00, 77.20, 78.25, 80.00, 81.00
AUD/USD: 1.1015, 1.0925
...
  • #2,539
  • Aug 1, 2011 3:58am Aug 1, 2011 3:58am
Quoting the-game
Interesting...

What do you all make of this?
I cant find it on my feed.

What was ther exact head line and time of release?

Thanks.
........................................



Had a short at 456 on cable but i thought market may go up to clean 1.65 after PMI comes out so i closed it at 463 just before it fell 60 pips.
.
  • #2,540
  • Aug 1, 2011 4:20am Aug 1, 2011 4:20am
I feel ya Nasir. Had a couple already.
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