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  • #793,001
  • Apr 30, 2013 9:58am Apr 30, 2013 9:58am
Quoting SugarPink
No reason for eurusd up. Just short squeezing and it will be more. We must get ride of the shorts.
I've removed my shorts........now what ? its cold
  • #793,002
  • Apr 30, 2013 9:59am Apr 30, 2013 9:59am
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 10:01am Apr 30, 2013 10:01am
Quoting Robby
On my system it dose not show to be thin at all.
I wonder how is your system measuring volume of the market. Nwm, dont tell me pls . 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 10:02am Apr 30, 2013 10:02am
Quoting kuroro001
Topish...trying a short here, tight stop
ok i am inn but small trade

also long chf
Mohan
  • #793,005
  • Apr 30, 2013 10:03am Apr 30, 2013 10:03am
You gotta love anal if you wanna dance with the bastard

50 pips on average..

Looking for shorts now..
GU M5:
Attached Image (click to enlarge)
Click to Enlarge Name: GU M5 04-30x.png Size: 59 KB
69
  • #793,006
  • Apr 30, 2013 10:03am Apr 30, 2013 10:03am
Quoting Kilgore T
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
In my experience that's all trading is anyway
  • #793,007
  • Apr 30, 2013 10:04am Apr 30, 2013 10:04am
Quoting Tom_D_Trader
{quote} I am going to shoot myself right now . You are like 10th guy asking the very same question, at least politely. We are talking about it here for like almost two weeks. Everyone is waiting for ECB decision on Thursday. Market is very thin and fragile, spikes may and will occur. Trade safe.
Don’t shoot!


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 10:05am Apr 30, 2013 10:05am
I'm waiting for it to crack 1.3167 before I decide to short.
Time turns trend. - W.D. Gann
  • #793,009
  • Apr 30, 2013 10:07am Apr 30, 2013 10:07am
Quoting mohan76
{quote} ok i am inn but small trade also long chf
Small one as well mate.

Looking at the 1,315x to bail it out...ideally 1,3152
COT: The precious data ignored
  • #793,010
  • Apr 30, 2013 10:08am Apr 30, 2013 10:08am
Quoting piptastic7
{quote} I've removed my shorts........now what ? its cold
Now lets wait, if people really belive on the rate cut they should be selling now
"You're solid gold, see you in hell"
  • #793,011
  • Apr 30, 2013 10:10am Apr 30, 2013 10:10am
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.
Quoting Tom_D_Trader
{quote} I wonder how is your system measuring volume of the market. Nwm, dont tell me pls . 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...
  • #793,012
  • Apr 30, 2013 10:12am Apr 30, 2013 10:12am
I am very seriously thinking about adding to my short on this. Really dose look like a very good place to add!
Quoting Likerty
You gotta love anal if you wanna dance with the bastard 50 pips on average.. Looking for shorts now.. GU M5: {image}
  • #793,013
  • Apr 30, 2013 10:14am Apr 30, 2013 10:14am
Quoting bourbon
EUR/USD: Will it be strong enough to retest 1.3200? http://www.goforex.sk/eurusd-will-it...h-retest-13200
maybe break it
  • #793,014
  • Apr 30, 2013 10:15am Apr 30, 2013 10:15am
short e/u @ 1.3182 with tight SL , so good so far !!!!
“Don't cry because it's over, smile because it happened.”
  • #793,015
  • Apr 30, 2013 10:18am Apr 30, 2013 10:18am
Quoting Dealgone
{quote} Don’t shoot! 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.
absolutely agree with you, price still try to break and close above 1.3180-1.3200 as supply area, patient is the best to get better point to short, this M15 candle now is very important, if it can break high so we will see 1.32 no doubt, but if not, i will make small short
  • #793,016
  • Apr 30, 2013 10:20am Apr 30, 2013 10:20am
I would agree with that too...no reason for this move up
Quoting bedjofm
{quote} absolutely agree with you, price still try to break and close above 1.3180-1.3200 as demand area, patient is the best to get better point to short
  • #793,017
  • Apr 30, 2013 10:21am Apr 30, 2013 10:21am
Quoting Robby
I am very seriously thinking about adding to my short on this. Really dose look like a very good place to add!{quote}
5570's seems nice for a rejection, but 5700's is the place for serious long term positions in my view..
69
  • #793,018
  • Apr 30, 2013 10:22am Apr 30, 2013 10:22am
Quoting Robby
Well I have several data feeds from large banks so I can see the size of each buy / sell.
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 .

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 10:23am Apr 30, 2013 10:23am
Quoting Robby
I would agree with that too...no reason for this move up{quote}
Do we really need a reason to make money out of a move ?

Just trade the chart, and skip the reasoning part as long as you make profit is all that matters...it is to me!
COT: The precious data ignored
  • #793,020
  • Apr 30, 2013 10:27am Apr 30, 2013 10:27am
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.
Quoting Tom_D_Trader
{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 . It is just a simple logic....
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