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  • #1,201
  • Aug 9, 2013 8:43am Aug 9, 2013 8:43am
Quoting Jason Rogers
The DailyFX education team just tweeted about this chart setup for USD/CAD. The pair found bearish divergence with the slow stochastic oscillator as price just retraced 50% of the prior move.




http://img27.imageshack.us/img27/3615/up9z.png


The last trade idea I posted from the DailyFX education team has since reached its profit target locking in over 100 pips. Today, trade instructor James Stanley has tweeted about a new chart setup to short AUD/JPY.

http://img138.imageshack.us/img138/4070/a8c.png


Stochastics are overbought, which indicate the long term downtrend in the pair could resume. An entry order to short AUD/JPY can be placed at 87.75 with a stop loss at 89.25 and a profit target at 85.00. To keep up to date with all his latest trade ideas you can follow James Stanley on Twitter.
  • #1,202
  • Aug 13, 2013 7:54am Aug 13, 2013 7:54am
Possible trend shift in USD/JPY – going long

The Tidal Shift Strategy on DailyFXplus.com has just given a signal to buy USD/JPY. The signal was issued because our Speculative Sentiment Index (SSI) has hit its most extreme negative level for the past 145 trading hours which suggests that the USDJPY could be trending upwards.

http://img822.imageshack.us/img822/1491/pd29.png


The system recommends entering this trade at any price between 97.874 and 98.31 with a trailing stop set at 97.22. You can automate the Tidal Shift Strategy on your FXCM account by logging into Mirror Trader with the same username and password you use to access Trading Station.
  • #1,203
  • Aug 14, 2013 1:06am Aug 14, 2013 1:06am
Quoting Jason Rogers
Chart Setup to Short USD/CAD The DailyFX education team just tweeted about this chart setup for USD/CAD. The pair found bearish divergence with the slow stochastic oscillator as price just retraced 50% of the prior move. {image} An short position entered at current levels could target 1.0300 with a stop at 1.0450. To keep up to date with all their latest trade ideas you can follow the DailyFX education team on Twitter.
What a trade, nearly perfect! DailyFX analyst team is the most professional .
  • #1,204
  • Aug 14, 2013 1:14am Aug 14, 2013 1:14am
Quoting Jason Rogers
DailyFX launched a free mobile price alert and news alert feature through the website yesterday. http://www.dailyfx.com/alerts.html Please feel free to send me feedback on what you like about it , don't like , etc. -Jason
Hi, Rogers

This link no longer works. Is the free alerting service of DailyFX still available?
  • #1,205
  • Aug 14, 2013 5:42pm Aug 14, 2013 5:42pm
Quoting FXZoK
{quote} What a trade, nearly perfect! DailyFX analyst team is the most professional .
Hi FXZoK,

I'm glad that you're pleased. Here's another signal from DailyFXplus.com

In the graphs below, you can see that the latest Speculative Sentiment Index (SSI) reading for EUR/USD is -2.02 indicating that there are 2.02 short positions for every 1 long position in the pair. Taken by itself, this is a bullish signal, but notice the weekly change in net positioning.

https://media.dailyfx.com/illustrati..._Picture_2.png


Long positions are 25.5% above levels seen last week. Short positions are 14.5% below levels seen last week. That means overall the short positioning in EUR/USD has decreased dramatically. This is a bearish indicator for the pair, since SSI is a contrarian indicator.

http://img818.imageshack.us/img818/7874/9hm.png


It's no surprise then that the SSI-based Momentum2 strategy on DailyFX PLUS is giving a signal to sell EUR/USD at current levels with a trailing stop at 1.3324. DailyFX trading signals such as Momentum2 are available as automated strategies at FXCMapps.com
  • #1,206
  • Aug 14, 2013 5:56pm Aug 14, 2013 5:56pm
Quoting FXZoK
{quote} Hi, Rogers This link no longer works. Is the free alerting service of DailyFX still available?
Hi FXZoK,

We discontinued those website-based alerts, because you can now get price alerts sent to you directly from your Trading Station. I provided instructions on how to set up these alerts at the two links below.

  1. Price alerts: http://www.forexfactory.com/showthre...90#post6483290
  2. Email alerts: http://www.forexfactory.com/showthre...63#post6502963


Please let me know if you have any further questions.

Jason

  • #1,207
  • Aug 14, 2013 6:17pm Aug 14, 2013 6:17pm
Quoting Jason Rogers
{quote} Hi FXZoK, I'm glad that you're pleased. Here's another signal from DailyFXplus.com In the graphs below, you can see that the latest Speculative Sentiment Index (SSI) reading for EUR/USD is -2.02 indicating that there are 2.02 short positions for every 1 long position in the pair. Taken by itself, this is a bullish signal, but notice the weekly change in net positioning. {image} Long positions are 25.5% above levels seen last week. Short positions are 14.5% below levels seen last week. That means overall the...
I have not logged in to my DailyFX Plus for a long time, since the SSI chart is updated manually (and pretty lagged). There are better SSI services like Oanda or ForexFactory that updates their charts automatically and professionally. I think FXCM with its superior technology can launch a parallel or even better SSI service. Do you think this will occur in the near future?
  • #1,208
  • Aug 14, 2013 6:21pm Aug 14, 2013 6:21pm
Quoting Jason Rogers
{quote} Hi FXZoK, We discontinued those website-based alerts, because you can now get price alerts sent to you directly from your Trading Station. I provided instructions on how to set up these alerts at the two links below. Price alerts: http://www.forexfactory.com/showthre...90#post6483290 Email alerts: http://www.forexfactory.com/showthre...63#post6502963 Please let me know if you have any further questions. Jason
Thank you for your helpful answer, Rogers.
  • #1,209
  • Aug 15, 2013 9:47am Aug 15, 2013 9:47am
Quoting FXZoK
{quote} I have not logged in to my DailyFX Plus for a long time, since the SSI chart is updated manually (and pretty lagged).
Hi FXZoK,

I appreciate your feedback and have already passed it onto our DailyFX research team. I'll let you know if they decide to make any changes to how SSI data is presented on DailyFXplus.com. Just to clarify, it's not that the SSI data posted there is updated manually. It's just that the information is presented in combination with commentary written by our analysts twice a day. The actual SSI data are updated in real-time which forms the basis for the sentiment-based trading strategies in the Trading Signals section of the website. That means the trades these signals generate are always based on the latest information available.

Jason
  • #1,210
  • Aug 15, 2013 9:47am Aug 15, 2013 9:47am
Hi Jason.

Is there any update to Marketscope in the near future? I suggested some improvements in fxcodebase more than a year ago, and nothing yet.
  • #1,211
  • Aug 15, 2013 9:47am Aug 15, 2013 9:47am
SSI: More Strength in Forecast for British Pound

The latest weekly update of our Speculative Sentiment Index (SSI) has just been posted on DailyFX.com

http://media.dailyfx.com/illustratio..._Picture_1.png


Focusing on GBP/USD, we can see that both the absolute net positioning and the recent change in net positioning are giving a bearish signal for the pair.

http://media.dailyfx.com/illustratio..._Picture_1.png


The SSI value for GBP/USD is -2.02 which means there are 2.02 short positions for every 1 long positions. That's a relative increase in net short positioning from -1.93 last week.

http://img202.imageshack.us/img202/7849/nxee.png


Understandably both the Breakout2 strategy and the Momentum2 strategy on DailyFXplus.com have recently given signals to buy GBP/USD. Both of these trading signals are available as automated strategies at FXCMapps.com
  • #1,212
  • Aug 15, 2013 9:01pm Aug 15, 2013 9:01pm
Quoting Jason Rogers
{quote} Hi FXZoK, I appreciate your feedback and have already passed it onto our DailyFX research team. I'll let you know if they decide to make any changes to how SSI data is presented on DailyFXplus.com. Just to clarify, it's not that the SSI data posted there is updated manually. It's just that the information is presented in combination with commentary written by our analysts twice a day. The actual SSI data are updated in real-time which forms the basis for the sentiment-based trading strategies in the Trading Signals section of the website....
Great, Rogers!

As you said, FXCM's SSI data are automatically updated. So, FXCM just needs to create a real-time chart to display the SSI. I don't think this will cost FXCM a lot of money The real-time data are more important than the analyst's comments, because we as experienced traders know how to interpret the SSI ourselves.

Also, the DailyFX Plus logging-in requirement causes a little discomfort. Why don't FXCM share the SSI for the public, like Oanda or ForexFactory?

Just a suggestion. Thank you for your kind response, Rogers.
  • #1,213
  • Aug 15, 2013 9:05pm Aug 15, 2013 9:05pm
Quoting Jason Rogers
SSI: More Strength in Forecast for British Pound The latest weekly update of our Speculative Sentiment Index (SSI) has just been posted on DailyFX.com {image} Focusing on GBP/USD, we can see that both the absolute net positioning and the recent change in net positioning are giving a bearish signal for the pair. {image} The SSI value for GBP/USD is -2.02 which means there are 2.02 short positions for every 1 long positions. That's a relative increase in net short positioning from -1.93 last week. {image} Understandably both the Breakout2 strategy...
My opinion is also the same to yours. I suppose that GBP/USD will reach 1.58 easily, then facing some resistance there.
  • #1,214
  • Aug 16, 2013 8:37am Aug 16, 2013 8:37am
Quoting FXZoK
Just a suggestion. Thank you for your kind response, Rogers.
Your suggestions are appreciated. I'll let you know if we make any changes to how the SSI data are provided on DailyFXplus.com
  • #1,215
  • Aug 16, 2013 8:37am Aug 16, 2013 8:37am
The DailyFX education team just tweeted their latest chart setup. USD/JPY is in a falling channel as MACD is giving a selling signal. Price channels can also help with stop placement.

http://img838.imageshack.us/img838/1272/i7x1.png


A short position can be entered at current levels with a stop at 98.75 and a profit target at 95.25. To always get their latest trade ideas, you can follow the DailyFX education team on Twitter.
  • #1,216
  • Aug 16, 2013 10:31am Aug 16, 2013 10:31am
Quoting jsr
Hi Jason. Is there any update to Marketscope in the near future? I suggested some improvements in fxcodebase more than a year ago, and nothing yet.
Hi Jsr,

We typically do updates to the Trading Station platform and Marketscope charts a few times per year. Please tell my what suggestions you made on the FXCodeBase site, and I can follow up with our developers for you about whether any of them are planned for our next update.

Thanks,
Jason
  • #1,217
  • Aug 16, 2013 11:41am Aug 16, 2013 11:41am
Quoting Jason Rogers
{quote} Hi Jsr, We typically do updates to the Trading Station platform and Marketscope charts a few times per year. Please tell my what suggestions you made on the FXCodeBase site, and I can follow up with our developers for you about whether any of them are planned for our next update. Thanks, Jason
Thanks for your kind reply.

I made some request, but these are the most important.

Ruler with Magnet (Snap to nearest,High/Low,Close frehand)
http://www.fxcodebase.com/code/viewt...p?f=25&t=14363

Improved Pitchfork tool:
http://www.fxcodebase.com/code/viewt...p?f=27&t=15577
  • #1,218
  • Aug 16, 2013 4:57pm Aug 16, 2013 4:57pm
Quoting Jason Rogers
{quote} Hi Jsr, We typically do updates to the Trading Station platform and Marketscope charts a few times per year. Please tell my what suggestions you made on the FXCodeBase site, and I can follow up with our developers for you about whether any of them are planned for our next update. Thanks, Jason
Every time that Trading Station updates is often not a good news for me. I don't know why the software could not run after the updates (though it ran smoothly before). So, the only choice for me now is to use the Web Trading Station
  • #1,219
  • Aug 16, 2013 6:54pm Aug 16, 2013 6:54pm
FXZoK, honestly, I'd be happy with a linux based software. I don't lke Windows.
  • #1,220
  • Aug 19, 2013 8:26am Aug 19, 2013 8:26am
Quoting jsr
{quote} Thanks for your kind reply. I made some request, but these are the most important. Ruler with Magnet (Snap to nearest,High/Low,Close frehand) http://www.fxcodebase.com/code/viewt...p?f=25&t=14363 Improved Pitchfork tool: http://www.fxcodebase.com/code/viewt...p?f=27&t=15577
Thanks for these suggestions, Jsr

If our developers decide to include these features in a future update to Trading Station, I'll post an update about this for you in the FXCM discussion thread.
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