DislikedIs that Emanual Derman you're talking about?Ignored
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedBtw for all those GAPpers again...
There is only _one_ thing that you could probably say is right and in comparison true in the forex market (and like Derman likes to say it if something is right it does not mean its true)... it is a trending market. That's all you can assume about it. You cannot predict it (again like he mentions then there would be no markets) but it trends... on some timeframe or another. Now check your "gaps" and check the lower tfs "trend" short before close. Guess where Wellington picks up most of the time if the trend...Ignored
DislikedHe is ingenious...Ignored
Dislikedjust like everyone and his grandma threw black-scholes at anything they could without understanding its complexity, side effects and most importantly working parameters.Ignored
DislikedAll kidding aside, here's why I really thought there was a bounce coming.
This is just in prototype, and being monitored and stored only since mid-last week. All it is: the number of changes in bid and offer running through the ECN from a point in time (here, 17:15ET). Typically, when the offer count exceeds the bid count, the market is/will trend down. All the way down this evening, offer count ran anywhere from 100 to 300 over bid count.
The left set of boxes (bids left, offers right, of course) is the state close to the bottom...Ignored