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  • #8,401
  • Dec 1, 2011 1:50pm Dec 1, 2011 1:50pm
Quoting aligater
I kindly disagree with your view my friend.


aligater
Huh, i can debate over this subject whole day.

Let me teach u something valuable in a few words ( I am a graduated economist,soon to be master of economy science-35 years old full time trader )

Forex differs from equity markets. Equity and bond markets process trades through central exchange. Centralized trading means all orders move thru a central point thus you can track the orders and calculate the volume size ( equities, bonds, futures, etc...)

On the contrary Forex market there is NO CENTRAL EXCHANGE. Remember that! No order processing. Each bank that trades in the Forex market will know the volume flow through their offices and no-one gathers that data from all the banks or brokerages, so no-one really knows the total balance volume per given time.

Its called FOREX SPOT MARKET, there is no central location. By definition FX market is risk driven,speculative worldwide currency inter-bank or inter-dealer market that uses a floating exchange rate system.
Large banks, hedge funds, government organisations and independent money institutions continually provide exchange rates for each other and for the rest of the markets. The most recent quotation from one of these banks is considered the market's current pricing for that currency whereas you can benefit from ECN no dealing desk quotations.

The only known "volume" in FOREX MARKET is tick volume, or volume used from currency futures.

Now I hope u have learned something
  • #8,402
  • Dec 1, 2011 1:57pm Dec 1, 2011 1:57pm
Yes maybe taken from futures and options in forex trading ...

There are some so-called estimations in IMM Chicago data sheets sometimes ...

But I never used them ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #8,403
  • Dec 1, 2011 2:02pm Dec 1, 2011 2:02pm
Quoting infinitus
whats up crowd?

It is so silent here. Any reason for that?


I am missing here good analyses as we have seen in past ....

Markus
My thoughts are very much in line with your statement, thanks for taking the effort to adress these topics. I love this place, and would also like to make better contributions. Analysis and discussion rather than counting pips. Everyone trades according to their individual signals and rules, no one just blindly follows any calls. So what we individually gain is of no benefit here. What is most beneficial is discourse and opinion, analysis and reasoning.

I for my part would love to be able to post more actively during the day but my job does not permit that. I can ocassionally check for updates but my only active window is in the two hours prior to Asia.

Nevertheless I appreciate everyone's efforts here and I think everyone is contributing as skilful (that includes mindful) as they can possibly be. With confidence and experience there is less of an urge to try and impress with statistics and to focus on more relevant issues. Still it is fun to hear success stories every once in a while.

Hope everyone keeps up their spirit for good work. Even though there won't always be direct feedback, it will still be widely appreciated.
  • #8,404
  • Dec 1, 2011 2:03pm Dec 1, 2011 2:03pm
Quoting infinitus
Hi FX-ray,


appreciate your view every time.

You know, I do a lot of analysis with Elliott wave. It is purely sentiment based since the waves are a reflection of social mood.

But even Prechter admits, that short term in Forex sometimes fundamentals outweight sentiment, sometimes for a longer duration.

That is one of the reason why EW in Forex markets is sometimes the wrong tool. The early short squeeze is this case might be triggered through early leakage of the FED and other CB "interventions". You know, not all people are eaqual, especially...
Thanks Infinitus,

thanks appreciated your view every time aswell.

I know that those squeeze also triggered by the interventions of the CB interventions but like news I see them as a catalyst to push market in the direction where it is already directed. This Intervention triggered the short stops and pushed market even further than the CB wanted to push. Thats how I picture it.
  • #8,405
  • Dec 1, 2011 2:05pm Dec 1, 2011 2:05pm
Quoting Forexcube
See #8391

Hi Markus

So I am out of here due to the fact that I post often my Shorts and Longs after I have make a detailed Market Analysis but I don't want to write a dissertation about the decision process.

So have a nice time!

Au revoir!

I wish you green pips.
FXcube


Hi FXcube,

why do you want to leave? No need to write down a dissertation, but where is the gain in knowing where someone went long or short without knowing the thought process?

Had never the feeling that this place was meant to be a trading journal.

T@ra stated in the thread rules:

This thread will be for live discussion regarding the trades and setups.

Your charts and information (you gave) were very good and self explanatory.
There were a visible reasoning behind your trades. That was fine for me.

So I do not see the point why you should leave us now. And BTW, it was only my opinion how things should be handled here. But it is T@ras thread in the first place.

So again: no need to leave, especially since I know where I can get your analysis

And BTW, you can not leave us here alone. You are probably the only qualified shrink here (Master of Psycholgy)
  • #8,406
  • Dec 1, 2011 2:07pm Dec 1, 2011 2:07pm
I never did trade with MT4 ... was not the case ... is not the case ... and will never be ...

Moreover I do not have always the time to post charts after I was at first busy with my fine tuning for the very best price for a A REVERSO situation ...

Such process has absolute priority for me ... and it would be more than disturbing for me to be busy with uploading and downloading graphics ... while I am concerned with multiple trading procedures ...


Therfore it always was sufficient for us when some members did simply say when they start to take a trade ... and the direction ...

That's enough for me ... we all have a watch and we all know where the prices are at a certain point of time ...

Enough ...

Don't make it complicated ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #8,407
  • Dec 1, 2011 2:08pm Dec 1, 2011 2:08pm
Quoting infinitus
trade against you. Every serious ECN or STP broker should not adapt MT4. So for the sake of the health of your deposits: do not trade via MT4

Why do I stress that this time: because of the performance-statistics. It can only be delivered with an MT4 account.

Besides that: I see really no need to show anyone my account information LOL

So to come to an end in my endless rantings and ventings:

show me your analysis, not your trades
Best to all of you,
and I hope that Mercy soon offers again his insights here,



Markus
Hello Markus,

I can show my statement to anyone who i meet in person. Also I share myfxbook.com account with real time trades and account info which i use for solely fpr business purposes.

I trade on Mt4 and I have been trading successfully for years. I can justify all my trades and I make a living from forex market.

So people, if anyone wants to see my account and my trades come and meet me, dont have any problem. Others ( investors) know how I trade and they dont post here on FF.

About the thread.

The point is we can talk about analyses etc, but money is not made just thru analyses. Its all tell tales. My levels I post are NOT Murray math levels. Those levels are quite more precise then Murrey Math and people who base there systems or trades on those levels thank me every day via private messages.

While i was posting on EURUSD ( i will never post on that thread again ) I met many fakes would be traders and all is BLA BLA BLA.

Here on this thread I met many real time and REAL traders which always POST a proof of their trades ( I wont name them just in case I forgot someone).

SO the forum rules are clear. Post the trades with PROOF.

If someone doesnt want to post here, i understand its ok. But this thread is and will be the place where REAL traders are and REAL traders post their REAL entries. We can talk about anything, we can analyse etc, but the main purpose of the thread is to post real time analyses and trades ( mostly intraday) so we can discuss them REAL TIME.

I dont like Mercy's way of posting lately as those were calls after the fact without any proof. I also got some complaints from the people that he is being rude and I wont tolerate this. We already spoke.

This is REAL TIME trading thread open for many sort of friendly conversation but we are here to make money.

I react I dont predict.
  • #8,408
  • Dec 1, 2011 2:10pm Dec 1, 2011 2:10pm
Quoting infinitus
Hi FXcube,

why do you want to leave? No need to write down a dissertation, but where is the gain in knowing where someone went long or short without knowing the thought process?

Had never the feeling that this place was meant to be a trading journal.

T@ra stated in the thread rules:

This thread will be for live discussion regarding the trades and setups.

Your charts and information (you gave) were very good and self explanatory.
There were a visible reasoning behind your trades. That was fine for me.

So I do not see the point...

Yes ... that is true ...

Das kann ich auch nur unterstreichen ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #8,409
  • Dec 1, 2011 2:10pm Dec 1, 2011 2:10pm
Quoting Forexcube
See #8391

Hi Markus

So I am out of here due to the fact that I post often my Shorts and Longs after I have make a detailed Market Analysis but I don't want to write a dissertation about the decision process.

So have a nice time!

Au revoir!

I wish you green pips.
FXcube
I hope u read what i had to say. I enjoy ur real time trades and analyses as you are the one of those who post with proof.

The Den's Doors is always open to you.

T
  • #8,410
  • Dec 1, 2011 2:13pm Dec 1, 2011 2:13pm
Quoting dbfusion
I agree on many things , but in order to raise the bar we need to set up some rules .

first and most important is respect !

second is to be honest !

without those two it aint gonna get better .

making calls is not a bad thing and watching other traders positions is good and insightful by itself even without published analysis .

it was not and is not and will not be a competition .

we should be mature enough for dick swinging.

lets face it , many have their own revised methods of trading and don't wanna share some of the information...


Hi dbfusion,


good overall statement. Can respect that.

Like the thing with the 10-20 pip moves. Not worth to report them, unless someone has such a high conviction that he says, he will make his/her daily goal with this 10 pip move :-)


Best to you,


Markus
  • #8,411
  • Dec 1, 2011 2:18pm Dec 1, 2011 2:18pm
Quoting mercy seat
Well ... Markus I think I can help you for this case ...

Please try out this calculator ...

http://www.pivotpointcalculator.com/

And simply fill out those open - high - low - close ...

Then you will see it is right ...

Just a second please ...

Tell me your weekly open-high-low-close with dukascopy ...

Cannot be that much different from mine ...




;-|
O 35355
H 35681
L 32121
C 33093

gives 3362 as WPP
  • #8,412
  • Dec 1, 2011 2:25pm Dec 1, 2011 2:25pm
Quoting infinitus
Hi dbfusion,


good overall statement. Can respect that.

Like the thing with the 10-20 pip moves. Not worth to report them, unless someone has such a high conviction that he says, he will make his/her daily goal with this 10 pip move :-)


Best to you,


Markus
When I did trade options and futures ... then I was forced to enter the market only with a minimum 40 - 60 pips move ...

But that is a long long time ago ... now we do have soo fine minimal speads ... that we must not wait until Sanktus Nimmerlein for a nice profit ...

I can respect when some members do have totally other trading style ...

But I do have mine ... and I like it volatile and active ... and I don't want to be too pedantic and not give the finance service the chance to have some fun with spread commision ... specially not when they give me better tools and rebates ...

Da darf man nicht kleinlich sein ... doesn't fit to forex trading ... to be too nitpicking ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #8,413
  • Dec 1, 2011 2:33pm Dec 1, 2011 2:33pm
Quoting 2046
My thoughts are very much in line with your statement, thanks for taking the effort to adress these topics. I love this place, and would also like to make better contributions. Analysis and discussion rather than counting pips. Everyone trades according to their individual signals and rules, no one just blindly follows any calls. So what we individually gain is of no benefit here. What is most beneficial is discourse and opinion, analysis and reasoning.

I for my part would love to be able to post more actively during the day but my job does...


Hello 2046,

thank you for sharing your opinion here.

To have only 2 hours for trading is really really hard work. Since I have a day job too I know what you are talking about. But due to the job I do I am able to trade more frequent, but sometimes I miss great opportunities. :-(

Keep on your good work,

best to you,


Markus
  • #8,414
  • Dec 1, 2011 2:34pm Dec 1, 2011 2:34pm
So lets see the direction of the market.

I respect different opinions but i really want to see that other opinions are in the line with mine.

Guys its really easy to say now where EU might go without any deep analysis without any deep thinking. I will tell you know basics , without even looking at the charts:

William Blau- "Momentum, Direction and Divergence"...All you need for longer or shorter time analyses and setups.

This is the current view of the market. Will post chart and that is valid analysis..
Where it will go..thats the other question..

THAT is what we discuss here on intraday basis. Every day...Every morning...and I will keep doing that.

Now patience 10 mins pls I will share analysis for mid term.
  • #8,415
  • Dec 1, 2011 2:34pm Dec 1, 2011 2:34pm
Quoting infinitus
O 35355
H 35681
L 32121
C 33093

gives 3362 as WPP
Aha !

But we have had a closing at Friday at around 1.3233 ...


That's why ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #8,416
  • Dec 1, 2011 2:35pm Dec 1, 2011 2:35pm
Quoting infinitus
Hi dbfusion,


good overall statement. Can respect that.

Like the thing with the 10-20 pip moves. Not worth to report them, unless someone has such a high conviction that he says, he will make his/her daily goal with this 10 pip move :-)


Best to you,


Markus
thank you .

for the 10-20 is ok for me " even though I don't believe its possible or profitable on the long term " .
but it should be prompt , same minute or second minute while prices still in the area.

but posts like I made x amount of pips after the move happens is a big NO NO .

it doesn't contribute to anything in the thread .
no insight , no analysis and a suspicious claim with no proof .

what did you or me or any one gain if I said for example :

bought EUR @ 3453
booked 15 + pips !!

and price is already @ 3467 and was at that price 20 minutes ago ?!

this is not professional, not insightful and raises more questions than answers !

this kind of posts shouldn't belong here .

but if you would say I sold EUR @ 3467 and price is same or around is fine .

this is what I mean with sincerity . and it respects our brains .
I SEE YOU !!
  • #8,417
  • Dec 1, 2011 2:44pm Dec 1, 2011 2:44pm
Quoting T@rantula
I hope u read what i had to say. I enjoy ur real time trades and analyses as you are the one of those who post with proof.

The Den's Doors is always open to you.

T
Oh, then I have misunderstood something here. Sorry!

Kindest regards
FXcube
  • #8,418
  • Dec 1, 2011 2:47pm Dec 1, 2011 2:47pm
Quoting infinitus
Hello 2046,

thank you for sharing your opinion here.

To have only 2 hours for trading is really really hard work. Since I have a day job too I know what you are talking about. But due to the job I do I am able to trade more frequent, but sometimes I miss great opportunities. :-(

Keep on your good work,

best to you,


Markus
same to you!

Just to clarify - I have the opportunity a few times a day to check, enter, exit and modify trades during work hours and on the way remotely. It's the extra time that I cannot afford to make meaningful contributions here.
  • #8,419
  • Dec 1, 2011 2:54pm Dec 1, 2011 2:54pm
Quoting T@rantula
Now patience 10 mins pls I will share analysis for mid term.
This is Simple anlaysis that is so obvious.

Equidistant channel and additional bullish channel make 2 way option. with clear s/r levels.

Remember this and you will be fine:

While above 3350 we are in UPTREND and the target is 3700.
Below 3370 ( 50) target is 3240.


Blue channel is equidistant channel . Look at the MOMENTUM candel. It broke UP with CBs interventions thus creating a CLEAR Bullish sub channel which has been retested.Look how price respects that. ( red sub channel where 1 support is blue top equidistant channel


This is so simple

T

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 100 KB
  • #8,420
  • Dec 1, 2011 2:55pm Dec 1, 2011 2:55pm
Quoting Forexcube
Oh, then I have misunderstood something here. Sorry!

Kindest regards
FXcube
Ofcourse! Welcome back!
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