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  • #81
  • Jan 7, 2012 2:19pm Jan 7, 2012 2:19pm
Quoting Xela
I've only just discovered this thread, but glad to see it back in play in 2012, anyway. Thanks for compiling it - will be looking in with interest, and wishing you good luck for the coming week.
Hopefully you'll stick around and participate I feel like writing some nonsense here since nobody comments or contributes... But will have to see how it goes..
  • #82
  • Jan 7, 2012 2:24pm Jan 7, 2012 2:24pm
some interesting correlations... AUDUSD has tight correlation with chinese stocks. Looks like AUDUSD is ready for a dive to catch up...

Anybody would like to elaborate why this correlation exists?

Any good stuff posted here will be valuable to others...

Chart originally posted by Chris Lori on his twitter.
Attached Image (click to enlarge)
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  • #83
  • Jan 7, 2012 2:25pm Jan 7, 2012 2:25pm
Please continues with this post.
This is good information.
I use Order Flow for my trading and I agree with you most the time.
Im willing to participate next week.

Thanks
  • #84
  • Jan 7, 2012 2:27pm Jan 7, 2012 2:27pm
Quoting arsa
some interesting correlations... AUDUSD has tight correlation with chinese stocks. Looks like AUDUSD is ready for a dive to catch up...

Anybody would like to elaborate why this correlation exists?

Any good stuff posted here will be valuable to others...

Chart originally posted by Chris Lori on his twitter.
I read one article about AUDUSD.
Many traders use this in relationship with GPB/EUR
They use for risk aversion and risk apetite
  • #85
  • Jan 7, 2012 2:29pm Jan 7, 2012 2:29pm
Quoting successlife
Please continues with this post.
This is good information.
I use Order Flow for my trading and I agree with you most the time.
Im willing to participate next week.

Thanks
Good to hear!

Order Flow? did you read DS's book?

I have to agree with his insights... though I think its not the stop losses that "attract" price to key levels. But orders themselves... you might ask why... IMHO its because of dealers.. the only way to make money for them is to execute orders. Of course larger levels hold more weight and orders.

But that's just another opinion in FF maze.. lol
  • #86
  • Jan 7, 2012 4:10pm Jan 7, 2012 4:10pm
hi arsa,

just finished reading your thread and enjoyed ,i use 14 currency pairs to establish the money flow,the aus has been a leading indi off late ,as to overall direction .it was my trigger for my last short on cable.i am aware of the fundies ,and your thread will educate me further.the way i view the money flow allows me to be less informed on whats the cause.but am interested to fully understand the cause,

i hope you continue

cheers
william
  • #87
  • Jan 8, 2012 12:40pm Jan 8, 2012 12:40pm
Quoting arsa
Good to hear!

Order Flow? did you read DS's book?

I have to agree with his insights... though I think its not the stop losses that "attract" price to key levels. But orders themselves... you might ask why... IMHO its because of dealers.. the only way to make money for them is to execute orders. Of course larger levels hold more weight and orders.

But that's just another opinion in FF maze.. lol
I dont have his book.
But I read all his old post and many another material in diferent forums.
I compile some "personal" info.
I plans buy the book in near future.
I still learing and for me one big "problems" is if is better to wait for this level of orders or "go" in this direction.
Always I use the fisrt and discover, that many day I dont have entries waiting...
  • #88
  • Jan 8, 2012 12:43pm Jan 8, 2012 12:43pm
Quoting diceman555
hi arsa,

i use 14 currency pairs to establish the money flow
Can you explain in more details ? - thanks in advance
  • #89
  • Jan 9, 2012 9:38am Jan 9, 2012 9:38am
Textbook reaction today: Pre-meeting everyone has high hopes so euro moves up... Post meeting.. (nothing new as usual).. market is disappointed. Closed already 1 short trade.. but didn't have time to post it.

some headlines:
-Euro Snaps Three-Day Drop
Against Dollar as Merkel Meets Sarkozy on DebtQ
-Top Currency Forecasters Split on Euro as No. 1 Wells Fargo Sees 2012 Drop

So the trade in the chart is the play of all this post meeting data. Target is 100% fib extension... plus few "safety pips".. lol.

At the moment 1 more leg up is a very good possibility. stay safe
Attached Image (click to enlarge)
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  • #90
  • Jan 9, 2012 9:39am Jan 9, 2012 9:39am
Quoting successlife
I dont have his book.
But I read all his old post and many another material in diferent forums.
I compile some "personal" info.
I plans buy the book in near future.
I still learing and for me one big "problems" is if is better to wait for this level of orders or "go" in this direction.
Always I use the fisrt and discover, that many day I dont have entries waiting...
Bigger SL or more patience will solve the issue
  • #91
  • Jan 9, 2012 9:43am Jan 9, 2012 9:43am
Quoting successlife
Can you explain in more details ? - thanks in advance
Aren't you complicating things?

I mean different currency pairs have different drivers. There is no golden rule how to determine the trend... make it simple!

Charts don't create charts! (BRV). Fundamentals do.. understand them and you'll know the flow by reading few headlines...
  • #92
  • Jan 9, 2012 9:49am Jan 9, 2012 9:49am
1 more short on that note from Merkel and Sarkozy...

I like this setup better than the previous
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  • #93
  • Edited 10:03am Jan 9, 2012 10:02am | Edited 10:03am
Quoting arsa
1 more short on that note from Merkel and Sarkozy...

I like this setup better than the previous


Here's what was killing me before: See that price in a box? you can take it two ways

1. its in uptrend coz its supported by trendline and horizontal support
2. its in downtrend coz price made that fat leg down before across your screen

Which one it is? If you said 1 or 2... - you're wrong

Try to determine the trend not by looking to charts but by reading and listening
Attached Image (click to enlarge)
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  • #94
  • Jan 9, 2012 10:29am Jan 9, 2012 10:29am
Both trades are at BE now.

euro target is 1.2710

for pound 1.5415
  • #95
  • Jan 9, 2012 10:35am Jan 9, 2012 10:35am
game planned changed after some guy farted all over news channels...

SL moved to lock in Risk:Reward 1:2 after seeing that unfriendly candle..

was stopped out at 1.5438
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  • #96
  • Jan 9, 2012 10:45am Jan 9, 2012 10:45am
changed my view on cable.. i'm long now
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  • #97
  • Jan 9, 2012 10:55am Jan 9, 2012 10:55am
Quoting arsa
changed my view on cable.. i'm long now
impulsive trade... closed it with 0.4 pip
  • #98
  • Jan 9, 2012 11:02am Jan 9, 2012 11:02am
short on euro again
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  • #99
  • Jan 9, 2012 12:13pm Jan 9, 2012 12:13pm
Quoting arsa
short on euro again


SL at 1.2745... done for the day. see ya
  • #100
  • Jan 9, 2012 3:23pm Jan 9, 2012 3:23pm
ok I lied... cant stop trading today. I'm an addict.

short on euro from 2772...

target where diagonal and horizontal support cross
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