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EurAnalysis Kindergarten 24 replies

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  • #51,381
  • Aug 31, 2012 3:13am Aug 31, 2012 3:13am
Quoting Gofer Pips
Relax brother....that was a joke. No offense intended. If I offended thee, I apologize.
Joke was how EURUSD popped on unemployment and CPI, and if you have to explain the joke it's not funny anymore.
sorry buddy! :-) I do apologizes as well... my mood gets really grumpy when I try countertrend trades! :-) I am just interested by the volume distribution in the option market.. seems like we left a big bucket below... but it is Friday overall!!
  • #51,382
  • Aug 31, 2012 3:15am Aug 31, 2012 3:15am
Quoting Gofer Pips
With approximately 2 pip spread, 1.2580 would not have triggered on my broker as my high on chart was 1.2581 on the dot. So I always find something at least 3-5 pips away from intended target.

BTW- who you calling odd! 1.2580 is not odd it's even.
I can't stand to look at those numbers! I change for you.
  • #51,383
  • Aug 31, 2012 3:15am Aug 31, 2012 3:15am
Quoting Gofer Pips
Relax brother....that was a joke. No offense intended. If I offended thee, I apologize.
Joke was how EURUSD popped on unemployment and CPI, and if you have to explain the joke it's not funny anymore.
You know the argument most Southern Italians use when you ask them why Italy is facing so many fiscal challenges is that the lucrative industries are always set up in the tax evading north.... thanks to the corrupt government bureaucrats and politicians.
Those who say it cannot be done should not interrupt those who are doing it
  • #51,384
  • Aug 31, 2012 3:17am Aug 31, 2012 3:17am

J-Hole

http://hosting.fyleio.com/17735/public/jhole.gif

There isn’t much left to say before the J-Hole symposium. The market is dead, there’s no volatility and little volume. Whether Bernanke green lights QE3 or not, one still wonders if there will be better trading ranges. Only time will tell and time is running out.

The following is Morgan Stanley’s take on it…

Vincent Reinhart, Morgan Stanley: The Message from the Mountains

We have had low expectations for significant news from Chairman Bernanke’s Jackson Hole address for some time for two reasons.

First, he respects that the Federal Open Market Committee is a committee. That is, monetary policy actions are group decisions and it is inappropriate to front run the outcome of a democratic process.

Second, he wants to keep a relatively low profile during an election year when the Federal Reserve is already a hot-button campaign issue. His speeches and testimonies over the past few months—even his semi-annual report on monetary policy—have been short, factual, and uneventful.

What does he have to do? He has to convey that the Fed has been disappointed in the economy’s performance, that policymakers are inclined to provide additional accommodation soon unless there is a significant and sustained improvement, and that they will closely monitor the situation. Essentially, all he needs to do is repeat portions of the statement and minutes from the July-August meeting. Along the way, he will highlight that it is a beautiful venue for a conference, that they are about to hear interesting papers, and that many fiscal challenge remain unanswered.

The main possibility for surprise is if he addresses the ongoing work within the Fed on conditional policy rules. The last set of minutes referred several times to discussions of rules and more open-end policy commitments. Up to now, the Fed has been using its policy instruments in an unconditional way, in that it announces a program of fixed duration and fixed amount. Most academic work, as will be discussed in the formal program at Jackson Hole, suggests that a rule linking the policy instrument to economic outcomes or the outlook performs better.



The idea is that the Fed could agree, for instance, to keep the funds rate target at zero as long as they have an economic forecast that is short of their mission. The problem is that the mission at the heart of Fed policy-making is ambiguous. In the Federal Reserve Act, the Congress tells the Fed to foster maximum employment and stable prices but is silent on how to weigh deviations from the two objectives or how quickly those deviations should be eliminated. The monetary policymakers at the Fed are a diverse group of people who disagree on how to fill this silence. If they can come to terms with this issue, then they can offer more open-ended assurance to financial market participants and the public at large.

Chairman Bernanke is unlikely to offer a Solomonic solution, but his speech would be more interesting if he relayed where they are in the process.
  • #51,385
  • Aug 31, 2012 3:21am Aug 31, 2012 3:21am
this is what I mean with clustr of volume
Attached Image (click to enlarge)
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  • #51,386
  • Aug 31, 2012 3:23am Aug 31, 2012 3:23am
Quoting Martingale
this is what I mean with clustr of volume
Yeah, but what is this exactly?
Does it show where most of pending orders are placed?
-
Read Charts - Not Papers
  • #51,387
  • Aug 31, 2012 3:24am Aug 31, 2012 3:24am
Quoting Martingale
this is what I mean with clustr of volume
This a Euro futures chart right? from TOS platform, how do I add this volume indicator? Cheers
  • #51,388
  • Aug 31, 2012 3:25am Aug 31, 2012 3:25am
Quoting Martingale
this is what I mean with clustr of volume
That's a good illustration but you failed to disclose on what TF and how many days look back.
  • #51,389
  • Aug 31, 2012 3:26am Aug 31, 2012 3:26am
Quoting tradercnx
This a Euro futures chart right? from TOS platform, how do I add this volume indicator? Cheers
found it, cheers
  • #51,390
  • Aug 31, 2012 3:28am Aug 31, 2012 3:28am
sorry guys I am just replying slowly. Yes is the TOS plaform and YES is very important the timeframe to consider, this is hourly. it is the /6e future of september.
  • #51,391
  • Aug 31, 2012 3:28am Aug 31, 2012 3:28am
Quoting tradercnx
found it, cheers
sorry mate.. volumeprofile.
  • #51,392
  • Aug 31, 2012 3:34am Aug 31, 2012 3:34am
Quoting Martingale
sorry mate.. volumeprofile.
Thanks I found it quite easy, awesome trading platform TOS isn't it. I've used it since 2006 I think, and didn't know about this little gem.

Do you normally use it on hourly time frame? When you see the profile taper off you use this as a sign the volume is drying up? Is that how you interpret this tool?

Cheers
  • #51,393
  • Aug 31, 2012 3:35am Aug 31, 2012 3:35am
I hope you have tight SL Gofer as it seems break is kinda likely. m5 gaining power, if it moves to m15 and h1, boom.

T
"I know one thing, that I know nothing." Sokrates
  • #51,394
  • Aug 31, 2012 3:37am Aug 31, 2012 3:37am
Quoting tradercnx
Thanks I found it quite easy, awesome trading platform TOS isn't it. I've used it since 2006 I think, and didn't know about this little gem.

Do you normally use it on hourly time frame? When you see the profile taper off you use this as a sign the volume is drying up? Is that how you interpret this tool?

Cheers
If you don't know how to use market volume profile, I would recommend you learn about it instead of asking basic questions regarding the interpretation of it. This is not the learning thread for it. You can start here.

http://www.cmegroup.com/education/in...marketprofile/
  • #51,395
  • Aug 31, 2012 3:38am Aug 31, 2012 3:38am
Quoting Vtmn
sold @95, my long was triggered @90 aswell, lets see
tp 82, looking forward to start adding shorts
How to Win at Sports Betting: DON'T DO IT!
  • #51,396
  • Aug 31, 2012 3:38am Aug 31, 2012 3:38am
Quoting FXSwissTrader
If you don't know how to use market volume profile, I would recommend you learn about it instead of asking basic questions regarding the interpretation of it. This is not the learning thread for it. You can start here.

http://www.cmegroup.com/education/in...marketprofile/
Righto, no need to be a cock about it!!
  • #51,397
  • Aug 31, 2012 3:39am Aug 31, 2012 3:39am
Quoting Tom_D_Trader
I hope you have tight SL Gofer as it seems break is kinda likely. m5 gaining power, if it moves to m15 and h1, boom.

T
I am surprise the lack of comments on the thread about the latest news. ECB officially announcing bond buying is a Big news... only BB is stopping the knee jerk reaction but I don't is plenty of stops above highs to make a very sharp move...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #51,398
  • Aug 31, 2012 3:39am Aug 31, 2012 3:39am
Quoting tradercnx
Thanks I found it quite easy, awesome trading platform TOS isn't it. I've used it since 2006 I think, and didn't know about this little gem.

Do you normally use it on hourly time frame? When you see the profile taper off you use this as a sign the volume is drying up? Is that how you interpret this tool?

Cheers
Indeed amazing tool. I mostly use it in two ways: direct reading of volume on the single bars (vertical volume at the bottom), trying to understand who is in the market (buyers or sellers) or indeed just through VolumeProfile, since the price is attracted by big groups of volume and HedgeFunds use them to trigger shorts or to capture positions.

The reliability is that in any ECN or MoneyMaker broker the volume in Forex is just made up whilst on the Future Market is to required to be provided by law. i.e. the volume you see is real.
  • #51,399
  • Aug 31, 2012 3:40am Aug 31, 2012 3:40am
Quoting tradercnx
Righto, no need to be a cock about it!!
Excuse me? I give u my address and u can come say it man to man!
  • #51,400
  • Aug 31, 2012 3:40am Aug 31, 2012 3:40am
Quoting FXSwissTrader
If you don't know how to use market volume profile, I would recommend you learn about it instead of asking basic questions regarding the interpretation of it. This is not the learning thread for it. You can start here.

http://www.cmegroup.com/education/in...marketprofile/
I am glad you are kind and didnt send him to google, like you send me . Btw, we should post this link to Kindergarten.

T
"I know one thing, that I know nothing." Sokrates
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