No reason for eurusd up. Just short squeezing and it will be more. We must get ride of the shorts.
its cold
- #793,002
- Apr 30, 2013 7:59am Apr 30, 2013 7:59am
also, what makes anyone think they can point to a top when there's an absolute onslaught of price affecting stuff to be announced in the next 3 days? "Predict" all you want, but this is compulsive gambling, nothing more 
- #793,003
- Apr 30, 2013 8:01am Apr 30, 2013 8:01am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
On my system it dose not show to be thin at all.
. FX is decentralized OTC market. There is no way how you can evaluate how much money is moving market right now. Except of your own knowledge of market conditions. It is quite very possible, almost obvious, that big players a) have insider from ECB and slowly betting b) dont have insider and need to wait till ECB. Simply put, lots of money waiting on sidelines. Not everyone has insider.If your system is for example measuring market volume by measuring ticks of candles, as do all volumes
, it may even look like market is moving on high volume. That is actually what is happening when big players are sidelined and only small money are trading. Fragile market, no clear direction, lots of ticks, suddenly spike. Overall, mess.T
"I know one thing, that I know nothing." Sokrates
- #793,004
- Apr 30, 2013 8:02am Apr 30, 2013 8:02am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Topish...trying a short here, tight stop
also long chf
Mohan 
- #793,005
- Apr 30, 2013 8:03am Apr 30, 2013 8:03am
- Joined May 2010 | Status: Trader | 2,004 Posts
You gotta love anal if you wanna dance with the bastard
50 pips on average..
Looking for shorts now..
GU M5:
50 pips on average..
Looking for shorts now..
GU M5:
69
- #793,006
- Apr 30, 2013 8:03am Apr 30, 2013 8:03am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
also, what makes anyone think they can point to a top when there's an absolute onslaught of price affecting stuff to be announced in the next 3 days? "Predict" all you want, but this is compulsive gambling, nothing more
- #793,007
- Apr 30, 2013 8:04am Apr 30, 2013 8:04am
{quote} I am going to shoot myself right now
The upward trend began just around the NY opening.
There is no news that could explain this upward trend but it continued after recent news announcement.
Here is how I explain the upward trend: Tomorrow we have the 1 Mai.
Yupee Holiday!
There are just people that are closing their position and this drives the pair upward.
- #793,008
- Apr 30, 2013 8:05am Apr 30, 2013 8:05am
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #793,009
- Apr 30, 2013 8:07am Apr 30, 2013 8:07am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} ok i am inn but small trade
Looking at the 1,315x to bail it out...ideally 1,3152
COT: The precious data ignored
- #793,010
- Apr 30, 2013 8:08am Apr 30, 2013 8:08am
- | Membership Revoked | Joined Feb 2013 | 1,307 Posts
{quote} I've removed my shorts........now what ?
"You're solid gold, see you in hell"
- #793,011
- Apr 30, 2013 8:10am Apr 30, 2013 8:10am
Well I have several data feeds from large banks so I can see the size of each buy / sell. I log that into a sql database and have perl scripts on crontab building up buy / sell data to get an idea of how the winds are moving. Help me see what is going on. I do not know the direction but I know it is not a thin market. I also know their is alot of activity that looks like what happens after NFP. Outside of that I do not know anything.
{quote} I wonder how is your system measuring volume of the market. Nwm, dont tell me pls
- #793,012
- Apr 30, 2013 8:12am Apr 30, 2013 8:12am
I am very seriously thinking about adding to my short on this. Really dose look like a very good place to add!
You gotta love anal if you wanna dance with the bastard
- #793,015
- Apr 30, 2013 8:18am Apr 30, 2013 8:18am
{quote} Don’t shoot!
- #793,018
- Apr 30, 2013 8:22am Apr 30, 2013 8:22am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
Well I have several data feeds from large banks so I can see the size of each buy / sell.
It is just a very simple market analysis. ECB cut is such a major game changer, that unless you have insider, you hell should stay out. I believe most of people do.
Really cant imagine how many order books you see, but anyway, you cant see whole volume of the market. One such "big player" who are sidelined right now is China, who is on vacation and I cant imagine you seeing Chinese order books
.It is just a simple logic. If you dont know what ECB is gonna do, you should stay out and I think lots of money do so.
T
"I know one thing, that I know nothing." Sokrates
- #793,019
- Apr 30, 2013 8:23am Apr 30, 2013 8:23am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #793,020
- Apr 30, 2013 8:27am Apr 30, 2013 8:27am
I can not see what I want to see but I will take anything I can get. I would not say it's order book because it's not level 3 data but I can see the price fixing were they match the amount at the price. That is all I get to see. I would love to see the order book or level 3 data but I can not buy that. It's only for inter-banking network only.
{quote} Wow. You mean you see order book of liquidity provider? Damn, I would love that. You must be damn rich guy then. It is just a very simple market analysis. ECB cut is such a major game changer, that unless you have insider, you hell should stay out. I believe most of people do. Really cant imagine how many order books you see, but anyway, you cant see whole volume of the market. One such "big player" who are sidelined right now is China, who is on vacation and I cant imagine you seeing Chinese order books