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  • #724,321
  • Nov 29, 2012 4:53am Nov 29, 2012 4:53am
Quoting FX Wolf
i tell you tip

there is no vol in forex absolutely no and if some one claims it its a fat lie,

because forex is the only market where every position is hidden only few know this but the "few" not even know the exact vol, this is not shares or bond market its real cash market and you can not produce vol until you print more money,

when you hear QE then its volume

and let's not forget that a big chunk of FX is traded in what is called dark pools, noboy has access to volume in there, volume in FX as a trading tool is useless. Until the day FX is traded on an exchange only, there is no volume available for traders, not us retailers, not the HF's, not the banks have volume for spot.
The great majority are rarely capable of thinking independently.
  • #724,322
  • Nov 29, 2012 4:53am Nov 29, 2012 4:53am
Quoting FX Wolf
i tell you tip

there is no vol in forex absolutely no and if some one claims it its a fat lie,

because forex is the only market where every position is hidden only few know this but the "few" not even know the exact vol, this is not shares or bond market its real cash market and you can not produce vol until you print more money,

when you hear QE then its volume
I can't agree more Wolf. I actually did not mean the vol I see on my Meta screen. I have access to Futures market through Bloomy. That plus the PA's reaction gives me some indication.

God I hate these two lettwers Q...E... I agree NY traders suck NY may not be the centre of the financial world but some old dinasours running the show from Washington... No one really cares about the issues of the single currency's countries where it is actually and mostly used... You hear QE and you act, how weird...
  • #724,323
  • Nov 29, 2012 4:55am Nov 29, 2012 4:55am
Quoting Belgravier
Correct: With 60% Short Bias in the market it will spike a bit more, before breaking out south... IMHO

I dont think is 60% bear bias

pa is near a resist

options -
buy @ resist
sell @ resist
wait for signs of strength or weakness

I am watching for weakness to sell the resist,
If you are new to Forex? Say Goodbye to your account!!
  • #724,324
  • Nov 29, 2012 4:56am Nov 29, 2012 4:56am
Quoting math_GB
I can't agree more Wolf. I actually did not mean the vol I see on my Meta screen. I have access to Futures market through Bloomy. That plus the PA's reaction gives me some indication.

God I hate these two lettwers Q...E... I agree NY traders suck NY may not be the centre of the financial world but some old dinasours running the show from Washington... No one really cares about the issues of the single currency's countries where it is actually and mostly used... You hear QE and you act, how weird...

Even using 6E volume is a very poor representation of spot and about as useful as the price of tea in China.
The great majority are rarely capable of thinking independently.
  • #724,325
  • Nov 29, 2012 4:56am Nov 29, 2012 4:56am
Quoting tanvirbhatti
My SL is broken 1.2990... Help me where can I go...


tanvirbhatti


The markets have been rising since yesterdays US session and they have also
jumped up higher in Asia session.

Before shorting in these kind of scenarios you need to wait for "confirmation"
that there are sellers in the market some bearish news comments to trigger
this etc.

Your best just wait and watch for clues at least till the US opens in a few hours.
rat
  • #724,326
  • Nov 29, 2012 4:56am Nov 29, 2012 4:56am
By the way my shorts are stopped out @1.2995, now it is time for me to stay on the sidelines untill I can see an opportunity for a possible short.
  • #724,327
  • Nov 29, 2012 4:57am Nov 29, 2012 4:57am
Quoting tanvirbhatti
My SL is broken 1.2990... Help me where can I go...

Why would you even sell it, we have had no retrace in 24 hours since the news push yesterday by Boehner, we are fundie driven here, we need a change of the fundies backed with techs to get us down again for a meaningful move.
The great majority are rarely capable of thinking independently.
  • #724,328
  • Nov 29, 2012 4:58am Nov 29, 2012 4:58am
A very key level right here. Taken a tentative short.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
  • #724,329
  • Nov 29, 2012 4:59am Nov 29, 2012 4:59am
Quoting FX Wolf
i tell you tip

there is no vol in forex absolutely no and if some one claims it its a fat lie,

because forex is the only market where every position is hidden only few know this but the "few" not even know the exact vol, this is not shares or bond market its real cash market and you can not produce vol until you print more money,

when you hear QE then its volume
volume on Forex is No. of contract / tick not actual turn over
Mohan
  • #724,330
  • Nov 29, 2012 5:02am Nov 29, 2012 5:02am
Quoting tanvirbhatti
My SL is broken 1.2990... Help me where can I go...
did you read my other post to you?

http://www.forexfactory.com/showthre...69#post6244169
  • #724,331
  • Nov 29, 2012 5:03am Nov 29, 2012 5:03am
Quoting mohan76
volume on Forex is No. of contract / tick not actual turn over

  • #724,332
  • Nov 29, 2012 5:03am Nov 29, 2012 5:03am
Quoting KiwiTrada
I dont think is 60% bear bias

pa is near a resist

options -
buy @ resist
sell @ resist
wait for signs of strength or weakness

I am watching for weakness to sell the resist,
Aha, dear sir, well spotted, I have written an indicator called FX-HO (I know the name is genius) that goes to the internet and gather the Open positions from 3 brokers, and gives me a blended rate... The market inevitably works on open position percentages and FX-HO gives me a pretty good indication whats happening... Example... with a 60% Short Bias it will spike a bit more to reduce the Short Bias and increase the Bull %.. before going for the big short.

It works for me.
  • #724,333
  • Nov 29, 2012 5:04am Nov 29, 2012 5:04am
Quoting KiwiTrada
I dont think is 60% bear bias

pa is near a resist

options -
buy @ resist
sell @ resist
wait for signs of strength or weakness

I am watching for weakness to sell the resist,
TESTING IS STARTED
If you are new to Forex? Say Goodbye to your account!!
  • #724,334
  • Nov 29, 2012 5:05am Nov 29, 2012 5:05am
Quoting C-12
A very key level right here. Taken a tentative short.
Just the MT4 programing question for C-12: How do you generate these nice dots?...... Are you using circles or is there some library image for that?
merlin4x dot com
  • #724,335
  • Nov 29, 2012 5:05am Nov 29, 2012 5:05am
Quoting KiwiTrada
TESTING IS STARTED

I for one fully expect it to test 3010 here in a continued slow drift up. We have news due in two hours, that may give us a clearer direction then.
The great majority are rarely capable of thinking independently.
  • #724,336
  • Nov 29, 2012 5:06am Nov 29, 2012 5:06am
Quoting KiwiTrada
I dont think is 60% bear bias

pa is near a resist

options -
buy @ resist
sell @ resist
wait for signs of strength or weakness

I am watching for weakness to sell the resist,
Yes, agreed. This could be the famous "Holy Grail"... sell the resist, buy the support, of course the best according to the trend
  • #724,337
  • Nov 29, 2012 5:08am Nov 29, 2012 5:08am
Quoting fxnav
I for one fully expect it to test 3010 here in a continued slow drift up. We have news due in an hour, that may give us a clearer direction then.
Nope I have released the bull FUBAR er
Attached Image
If you are new to Forex? Say Goodbye to your account!!
  • #724,338
  • Nov 29, 2012 5:09am Nov 29, 2012 5:09am
hour closed below 87, which could be sign of weakness. at least until NY
  • #724,339
  • Nov 29, 2012 5:10am Nov 29, 2012 5:10am
Quoting merlin4x
Just the MT4 programing question for C-12: How do you generate these nice dots?...... Are you using circles or is there some library image for that?
It's an indicator called Chaos Semafor. It just shows 3 levels of highs and lows. Useful but does repaint.
  • #724,340
  • Nov 29, 2012 5:10am Nov 29, 2012 5:10am
Quoting tanvirbhatti
My SL is broken 1.2990... Help me where can I go...
hi take a deep breath and accept the loss close your eyes and think what went wrong, then open your eyes drink 1 ltr of water as oxygen in water will help soften the stressed nerves in brain and help them reactivate.

again plan the trade and this time more conservatively with less risk and more reward,

one or two hour sleep is much better; sleep helps every thing, and during sleep we see dreams and which is good, but if you keep staring the screen you will keep day dreaming of next killing trade which will cover all your losses and thats not gonna happen.

in short stop trading for a while until you are mentally relax
Wolves don't lose any sleep over the opinion of the sheep.
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