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Order Flow - Achieving the mindset

  • #2,621
  • Aug 12, 2011 6:13am Aug 12, 2011 6:13am
(IFR) Asian markets mostly quiet. USD/JPY barriers tipped down at 76.25, 76.00 and in 25-50 tick increments down to 75.00. Large stops tipped sub-76.25, 76.00 and 75.00. Topside optionality seen around 79.00, a heavily traded strike recently ($3-4 yards in one-week positions at this strike) and KOs just above at 79.10. USD/JPY stops above 77.50, 78.00, 78.50 and large above 79.10.

They are talking about vanilla in bold right? 3-4 yards is the total value, not the size of the offers. Offers should be there to defend the KO at 79.10.
  • #2,622
  • Aug 12, 2011 6:32am Aug 12, 2011 6:32am
Quote
They are talking about vanilla in bold right?

I would agree
Cautiously optimistic. . .
  • #2,623
  • Aug 12, 2011 9:54am Aug 12, 2011 9:54am
Cool, thanks. Does anyone know what happens to stops on EBS or Reuters if the new week gaps. Do they get filled at market or remain unfilled?
  • #2,624
  • Aug 12, 2011 6:24pm Aug 12, 2011 6:24pm
Quoting seagreen
(IFR) Asian markets mostly quiet. USD/JPY barriers tipped down at 76.25, 76.00 and in 25-50 tick increments down to 75.00. Large stops tipped sub-76.25, 76.00 and 75.00. Topside optionality seen around 79.00, a heavily traded strike recently ($3-4 yards in one-week positions at this strike) and KOs just above at 79.10. USD/JPY stops above 77.50, 78.00, 78.50 and large above 79.10.

They are talking about vanilla in bold right? 3-4 yards is the total value, not the size of the offers. Offers should be there to defend the KO at 79.10....
that is a strike at 79 with a barrier knockout at 79.10, so this is exotic option structure. yea offers should be there to defend the knockout.
  • #2,625
  • Aug 14, 2011 10:11pm Aug 14, 2011 10:11pm
I stumbled upon a book last week called Physco-Cybernetics and read through it. It has some interesting ideas. It talks about (in theory) how our logical mind (our conscious) is not designed to solve problems. It's use is for setting goals (or identifying problems that need to be solved) and gathering information related to the goals for us to think about, or focus on. Our subconscious (through no effort of our conscious) takes all this information (and anything else it thinks might be related from our past experiences) and, if the goal does not conflict with our core belief system, the subconscious will go about providing ideas on how we can accomplish the goal or will attempt to solve the problem and give possible answers.

An interesting read, I wanted to bring it up and see if anyone else had read it or anything else along that subject line. None of my friends are into this sort of thing so thought I would try here. Would love to discuss this with someone.

Sorry for taking us off topic, I don't think it is too far off topic but some may see it differently...
  • #2,626
  • Aug 14, 2011 10:39pm Aug 14, 2011 10:39pm
Quoting Jimmy Jones
I stumbled upon a book last week called Physco-Cybernetics and read through it. It has some interesting ideas. It talks about (in theory) how our logical mind (our conscious) is not designed to solve problems. It's use is for setting goals (or identifying problems that need to be solved) and gathering information related to the goals for us to think about, or focus on. Our subconscious (through no effort of our conscious) takes all this information (and anything else it thinks might be related from our past experiences) and, if the goal does not...
Yeah, it's a good read.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #2,627
  • Aug 15, 2011 2:09am Aug 15, 2011 2:09am
Swiss Bank is going to impose a limit on Eur/Chf?

Any Soros Jrs out there? I'm down to help fight along side ye against thy SNB
  • #2,628
  • Aug 15, 2011 2:24am Aug 15, 2011 2:24am
Quoting Jimmy Jones
I stumbled upon a book last week called Physco-Cybernetics and read through it. It has some interesting ideas. It talks about (in theory) how our logical mind (our conscious) is not designed to solve problems. It's use is for setting goals (or identifying problems that need to be solved) and gathering information related to the goals for us to think about, or focus on. Our subconscious (through no effort of our conscious) takes all this information (and anything else it thinks might be related from our past experiences) and, if the goal does not...
It is supposed to be the pioneer in self-help books. I have been trying to get a copy myself.
  • #2,629
  • Aug 15, 2011 3:49am Aug 15, 2011 3:49am
Quoting EmeraldEyes
Swiss Bank is going to impose a limit on Eur/Chf?

Any Soros Jrs out there? I'm down to help fight along side ye against thy SNB
Sorry, I'm with SNB for a while, may be later
  • #2,630
  • Aug 23, 2011 12:33pm Aug 23, 2011 12:33pm
yeah, I spent 6 months reading it and rereading psycho - cybernetics

i know it sounds cheesy but it really changed my life

alot of it is so easy to understand and applicable to real life its that easy

i bought my copy from amazonuk but i dont think they are that hard to get

there r some utube vids which contain interviews with maltz

i applied to my trading and it has helped alot. i wont say it is the only reason my trading has improved but it has been a big factor

Anthony
  • #2,631
  • Aug 23, 2011 4:48pm Aug 23, 2011 4:48pm
Quoting antgal23
yeah, I spent 6 months reading it and rereading psycho - cybernetics

i know it sounds cheesy but it really changed my life

alot of it is so easy to understand and applicable to real life its that easy

i bought my copy from amazonuk but i dont think they are that hard to get

there r some utube vids which contain interviews with maltz

i applied to my trading and it has helped alot. i wont say it is the only reason my trading has improved but it has been a big factor

Anthony
I don't think it sounds cheesy. I am re-reading again also.
  • #2,632
  • Aug 23, 2011 4:54pm Aug 23, 2011 4:54pm
Quoting Jimmy Jones
I don't think it sounds cheesy. I am re-reading again also.
Agree! The book is great. The vid interviews mentioned above are also a must see.

A main concept is to continually keep yourself on target. How can't that be of value in trading, right? That's one of the main problems - drifting around with no self-correction.
  • #2,633
  • Aug 24, 2011 1:46pm Aug 24, 2011 1:46pm
a cool one from 4cast


* 24 Aug 11: 17:50 GMT (LDN) - FX NOW! EUR/JPY, USD/JPY Flows - Someone had to buy EUR/JPY and they were forced to pay up!

One can only have sympathy for anyone that is forced to put a trade through the markets in their current state of ultra low liquidity. Summer doldrums and even the fear that Bernanke may do something has contributed to the market's lack of interest. At this late time of the day, a buyer of EUR/JPY tripped stops in the 110.60-65 area and there was nothing to buy until offers appeared at the 111.10-15 area that seems to have capped the market for now. The EUR/JPY sparked a rally in USD/JPY where dealers were anxious to test the defence of options said to be at the 77.00 level. It appears those options gave way without much of a fight, which probably argues they are more the plain vanilla variety rather than any barrier type.
****
  • #2,634
  • Aug 24, 2011 2:59pm Aug 24, 2011 2:59pm
Hey Monroe,

Its been a long time no posting for me I've become an observer until I see DS's book!

Eur/jpy caught my attention. Do you think any manipulation may have been involved? If as 4cast states the markets are in a state of low liquidity do you think that may have been someone looking for those stops as liquidity?

All the best,

James.
  • #2,635
  • Aug 24, 2011 3:52pm Aug 24, 2011 3:52pm
Quoting redbaron1981
Hey Monroe,

Its been a long time no posting for me I've become an observer until I see DS's book!

Eur/jpy caught my attention. Do you think any manipulation may have been involved? If as 4cast states the markets are in a state of low liquidity do you think that may have been someone looking for those stops as liquidity?

All the best,

James.
I suppose that could be a possibility. Cooler part was what they said about usd/jpy and the test of defense of options.
  • #2,636
  • Aug 24, 2011 6:40pm Aug 24, 2011 6:40pm
Talk about intervention effect, BOJ & SNB intervention can create such different impact. I think timing is crucial here, I don’t know why BOJ execute it too early (Aug 01), why not waiting FOMC statement first at Aug 09 just like SNB. As I can see at the chart, from my own view, BOJ execution is not efficient enough changing market sentiment, not enough fundamental thing can help market withdrawing from JPY at Aug 01. Well, for me, that inefficiency interesting enough to be played on.


http://i1191.photobucket.com/albums/...st/compare.jpg
  • #2,637
  • Aug 24, 2011 6:59pm Aug 24, 2011 6:59pm
Quoting Assassin
Talk about intervention effect, BOJ & SNB intervention can create such different impact. I think timing is crucial here, I don’t know why BOJ execute it too early (Aug 01), why not waiting FOMC statement first at Aug 09 just like SNB. As I can see at the chart, from my own view, BOJ execution is not efficient enough changing market sentiment, not enough fundamental thing can help market withdrawing from JPY at Aug 01. Well, for me, that inefficiency interesting enough to be played on.


http://i1191.photobucket.com/albums/...st/compare.jpg...
Maybe I have an eye condition or something, but what's wrong with your chart?
  • #2,638
  • Aug 24, 2011 7:05pm Aug 24, 2011 7:05pm
Quoting lolpie
Maybe I have an eye condition or something, but what's wrong with your chart?
Just two blended layers showing comparation of usd/jpy & usd/chf impact after both central bank intervention.
  • #2,639
  • Aug 25, 2011 11:18am Aug 25, 2011 11:18am
Quoting Assassin
Just two blended layers showing comparation of usd/jpy & usd/chf impact after both central bank intervention.
Cool thanks, I didn't know you could do that in Oanda
  • #2,640
  • Aug 25, 2011 11:29am Aug 25, 2011 11:29am
Quoting lolpie
Cool thanks, I didn't know you could do that in Oanda
You can't... he alpha blended it in photoshop.
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