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EURUSD

  • #712,101
  • Oct 29, 2012 9:09am Oct 29, 2012 9:09am
Quoting Peepo
I recieve this email from my broker

Please be aware that due to Hurricane Sandy and the impact this will have, our US Indices instruments:

US SP 500, US NASQ 100, US DJ 30 will all be closing at from 14:15 today until tomorrow.
wtf ?! So I guess I have to check the news... is the hurricane that bad ? Is NY open in 22 minutes ?
  • #712,102
  • Oct 29, 2012 9:12am Oct 29, 2012 9:12am
Yes, coastal area flooded and many businesses on the east coast are closed. Many of my clients are closed.

Quoting JackintheBox
wtf ?! So I guess I have to check the news... is the hurricane that bad ? Is NY open in 22 minutes ?
  • #712,103
  • Oct 29, 2012 9:13am Oct 29, 2012 9:13am
Ok: Here are the news:

Due to hurricane sandy New york is shut down (sub, train etc.). No wall street today.

This is really bad, let's hope the hurricane won't hurt that much.

good luck over there !
  • #712,104
  • Oct 29, 2012 9:13am Oct 29, 2012 9:13am
Quoting JackintheBox
wtf ?! So I guess I have to check the news... is the hurricane that bad ? Is NY open in 22 minutes ?
So NY did not open 2 hours ago as usual?
  • #712,105
  • Oct 29, 2012 9:14am Oct 29, 2012 9:14am
personally i think the euro is going to rise from here due to trendlines/channel that i have on my charts.

that being said with everything that is going on in the us with this storm and the potential for increased computer trading i am shutting down for the day.

trading imo is going to get quite "wacky" between now and election time and this storm, and all it entails, is just our intro.

good trading
  • #712,106
  • Oct 29, 2012 9:18am Oct 29, 2012 9:18am
That's how I see it and plus, FOMC and NFP this week.

GL All!

Cheers

Quoting godrich
personally i think the euro is going to rise from here due to trendlines/channel that i have on my charts.

that being said with everything that is going on in the us with this storm and the potential for increased computer trading i am shutting down for the day.

trading imo is going to get quite "wacky" between now and election time and this storm, and all it entails, is just our intro.

good trading
  • #712,107
  • Oct 29, 2012 9:20am Oct 29, 2012 9:20am
Quoting Peepo
So NY did not open 2 hours ago as usual?
Opened but closed since 1:05 hours. I just watch the waves via TV in front of NY. Closing for today. Let's see...
  • #712,108
  • Oct 29, 2012 9:22am Oct 29, 2012 9:22am
Quoting sum_1
I use the "volume profile" setting.
combining your setup and mine ; i got 2 charts here

i need to know from you if i am reading this right

eu is getting sold at 2910 and being covered closer to 2895 everytime, am i reading this correctly

http://img547.imageshack.us/img547/3661/27022403.gif

http://img89.imageshack.us/img89/1633/42607564.gif
  • #712,109
  • Oct 29, 2012 9:26am Oct 29, 2012 9:26am
Quoting hindustani
combining your setup and mine ; i got 2 charts here

i need to know from you if i am reading this right

eu is getting sold at 2910 and being covered closer to 2895 everytime, am i reading this correctly

http://img547.imageshack.us/img547/3661/27022403.gif

http://img89.imageshack.us/img89/1633/42607564.gif
We're right at the POC (point of control/most traded pip of the session).. so no direction pretty much.
  • #712,110
  • Oct 29, 2012 9:27am Oct 29, 2012 9:27am
Quoting hindustani
combining your setup and mine ; i got 2 charts here

i need to know from you if i am reading this right

eu is getting sold at 2910 and being covered closer to 2895 everytime, am i reading this correctly


and the added fact that price is not holding below D#0 for long and bounces back, let me know if i am reading this wrongly so i can correct myself

btw got 2 good trades, thanks
  • #712,111
  • Oct 29, 2012 9:27am Oct 29, 2012 9:27am
Looking for 2880 2925 2800 thats all folks
Founder of Sutherland Wave Principle
  • #712,112
  • Oct 29, 2012 9:29am Oct 29, 2012 9:29am
Waiting to break .2882 to short

TP: .2822
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #712,113
  • Oct 29, 2012 9:31am Oct 29, 2012 9:31am
Quoting attila
We're right at the POC (point of control/most traded pip of the session).. so no direction pretty much.
thanks for helping me understand this concept, i am trying to move away from traditional laggy indicator and understand markets better.
  • #712,114
  • Oct 29, 2012 9:32am Oct 29, 2012 9:32am
Quoting hindustani
and the added fact that price is not holding below D#0 for long and bounces back, let me know if i am reading this wrongly so i can correct myself

btw got 2 good trades, thanks
I know you asked the mp guy, but here's my 2 cents if I may.. This is not how you trade market profile. You're looking at where the POC is and what's the spread of the value area (where 70% of the trading happened). You're also looking at where the VA is in relation to the previous ones.. You also pay attention to where the buying / selling happens (above /below the current VA).. If that's the case, the big money is moving the price to another level where they're gonna build another POC (ranging).

The tendency is the price to be bought/sold around the POC (where the perceived value is currently) and sold/bought at the extremes of the current value area (when in ranging conditions).. If it moves out of the VA, we're trending to the next level.

I yield the floor now.
  • #712,115
  • Oct 29, 2012 9:34am Oct 29, 2012 9:34am
took a long with tp 2910 as usual, will short from there again

http://img405.imageshack.us/img405/2514/68011133.gif
  • #712,116
  • Oct 29, 2012 9:35am Oct 29, 2012 9:35am
Quoting hindustani
and the added fact that price is not holding below D#0 for long and bounces back, let me know if i am reading this wrongly so i can correct myself

btw got 2 good trades, thanks
cool...you may want to check out this FF thread http://www.forexfactory.com/showthread.php?t=277528 its where I found the indicator.

I trade longer term positions as much as possible, so I'm looking for different setups, on the longer term (H1 and H4) mp charts.
  • #712,117
  • Oct 29, 2012 9:39am Oct 29, 2012 9:39am
Quoting JackintheBox
Opened but closed since 1:05 hours. I just watch the waves via TV in front of NY. Closing for today. Let's see...
Thanks, just closed my Sell.
  • #712,118
  • Oct 29, 2012 9:41am Oct 29, 2012 9:41am
Quoting sum_1
cool...you may want to check out this FF thread http://www.forexfactory.com/showthread.php?t=277528 its where I found the indicator.

I trade longer term positions as much as possible, so I'm looking for different setups, on the longer term (H1 and H4) mp charts.
its not showing on 4 hour, do i need to change anything here ? my broket is hotforex
  • #712,119
  • Oct 29, 2012 9:46am Oct 29, 2012 9:46am
Quoting hindustani
thanks for helping me understand this concept, i am trying to move away from traditional laggy indicator and understand markets better.
Market profile is a very valid way of trading, one of the best I think.. I did use it, but then I found something giving me more accurate entries..
  • #712,120
  • Oct 29, 2012 9:47am Oct 29, 2012 9:47am
Quoting hindustani
its not showing on 4 hour, do i need to change anything here ? my broket is hotforex
okay found the setting ; D for 1 hour ; W for 4 hour n M for above, worked.
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