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  • #853,581
  • Nov 16, 2013 1:53pm Nov 16, 2013 1:53pm
Quoting Vachus
{quote} You mind if you share the EURO index ... would like to see a chart of it?!
Definitely not a corrective up move in my opinion...

It's pressing for a breakout.
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  • #853,582
  • Nov 16, 2013 1:55pm Nov 16, 2013 1:55pm
My point is, anything can happen in the markets. It's not rare for markets to be diverged from fundamentals for some period of time so becareful with having too strong an opinion about where prices OUGHT to go...

pretty dangerous set up here for the bears especially given how most traders are VERY VERY net short euro

manage your risk and live to trade another day
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  • #853,583
  • Nov 16, 2013 1:56pm Nov 16, 2013 1:56pm
Quoting shellsnail
{quote} Definitely not a corrective up move in my opinion... It's pressing for a breakout. {image}
Everyone is entitled for an opinion , but my question is : Do you have a link for EURO index or at least the symbol !

Quoting shellsnail
My point is, anything can happen in the markets. It's not rare for markets to be diverged from fundamentals for some period of time so becareful with having too strong an opinion about where prices OUGHT to go... pretty dangerous set up here for the bears especially given how most traders are VERY VERY net short euro manage your risk and live to trade another day

Woo ... where did you get this information now?!
"It's the Margin, Stupid."
  • #853,584
  • Nov 16, 2013 1:56pm Nov 16, 2013 1:56pm
Quoting Vachus
{quote} Everyone is entitled for an opinion , but my question is : Do you have a link for EURO index or at least the symbol !
Some brokers have it... It's a weighted index. If yours doesn't then I'm sorry.

EUR/LFX
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  • #853,585
  • Nov 16, 2013 1:58pm Nov 16, 2013 1:58pm
Quoting Vachus
{quote} Everyone is entitled for an opinion , but my question is : Do you have a link for EURO index or at least the symbol ! {quote} Woo ... where did you get this information now?!
http://fxtrade.oanda.com/analysis/open-position-ratios

seems to indicate general RETAIL sentiment.
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  • #853,586
  • Nov 16, 2013 1:58pm Nov 16, 2013 1:58pm
Quoting shellsnail
If I tune out from all the EUR/USD bearish mania going on with the retail crowd and just look at the charts... EUR index 4H time frame presents a good long trade opportunity from the current chart pattern. USD index 4H time frame shows the pair entering some sort of correction. Taken together, when looking at EUR/USD, signs indicate that the up move from the lows could be a leading diagonal, there is a trade opportunity here to play EUR/USD to take out 1.38... (may coincide with FED releasing minutes)... Just presenting some thoughts.

I just can't fundamentally get there. Technically I'm neutral. Fundamentally I'm bearish. Whether Fed ends QE sooner or later, the eurozone is already discussing further cuts and coming up with its own form of QE. As always, trade with caution, but I will be shorting if we see 1.3800. I think the likelihood of 1.3800 is much less likely than 1.3200. We shall see.
  • #853,587
  • Nov 16, 2013 1:59pm Nov 16, 2013 1:59pm
Quoting Vachus
Woo ... where did you get this information now?!
I think he asked em.
edit: Muachacha Oanda data. So much fun here. You guys are actually prolonging my life.
edit: Not that I wouldnt like Oanda, used to trade with em, but heh, thats just one single market, just lol, and click.
"I know one thing, that I know nothing." Sokrates
  • #853,588
  • Nov 16, 2013 2:00pm Nov 16, 2013 2:00pm
If EU is going to drop this weekend is a perfect opportunity to see. We're in an area where we saw banks shorting last time and if we get a pro gap down you can bet I'm going to be holding haha. Almost hope it goes up at the expense of my higher time frame trade though as I have a new Swissy trade that's up 3R on lower frames which would greatly benefit...
  • #853,589
  • Nov 16, 2013 2:00pm Nov 16, 2013 2:00pm
Quoting hadox
{quote} what timeframe do you use when choosing your levels in cable?
H4 and Daily, then weekly..
Even the worst trade can close with profit. Just give it time.
  • #853,590
  • Nov 16, 2013 2:01pm Nov 16, 2013 2:01pm
Quoting britc17
{quote} I just can't fundamentally get there. Technically I'm neutral. Fundamentally I'm bearish. Whether Fed ends QE sooner or later, the eurozone is already discussing further cuts and coming up with its own form of QE. As always, trade with caution, but I will be shorting if we see 1.3800. I think the likelihood of 1.3800 is much less likely than 1.3200. We shall see.
Personally, I am bearish (or should I say, open to further downside movement) until it takes out 1.364.

I'm short EUR/CAD, but if there's no impulsive follow through by Monday, I'm getting out.
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  • #853,591
  • Nov 16, 2013 2:01pm Nov 16, 2013 2:01pm
Quoting attila
{quote} Oh, I see what you're saying.. Forgot the name of the guy. Yes, but only for b/outs (it's very good assessing if a level will hold or not) and no 10 pips targets or the order management part..
Wherever you go, there you are.
  • #853,592
  • Nov 16, 2013 2:04pm Nov 16, 2013 2:04pm
Quoting ffleo
{quote} hi milam, do you mean the scalping method of Bob Volman as in his book "Forex Price Action Scalping"?
Yes, Mate, I mean that, do you also trade that way? and if you do, is it working for you?
Wherever you go, there you are.
  • #853,593
  • Nov 16, 2013 2:08pm Nov 16, 2013 2:08pm
Quoting shellsnail
{quote} Some brokers have it... It's a weighted index. If yours doesn't then I'm sorry. EUR/LFX
You keep pushing with ur anaylsis , man i'm not talking about longing EURO or shorting it ... what the hell is Euro lFX anyway?! I couldn't find it on google finance, Yahoo or even any liquidity provider. So, i'm asking you again: You are basing you analysis on something called EURO index. It could be right or wrong, only time will tell. But is there is something called Euro index.... If you are using a symbol not being used by a liquidity provider, they won't buy/sell- thus price won't go anywhere, or provide wrong readings. Its like a man complaining of a heart failure and you insist examing his leg- just because there is pulse over there.

I can make up my own index - Vachus EURO index, callibrate currencies' percentage and wooww i have an index.
"It's the Margin, Stupid."
  • #853,594
  • Nov 16, 2013 2:11pm Nov 16, 2013 2:11pm
Quoting milam
{quote} Yes, Mate, I mean that, do you also trade that way? and if you do, is it working for you?
I have that book, but not trading the methods yet. Now i mainly trade swings. I think I will try to trade scalping too.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #853,595
  • Nov 16, 2013 2:12pm Nov 16, 2013 2:12pm
Quoting Tom_D_Trader
{quote} I think he asked em.
You never know man ... maybe oanda's has high frequence connection to the illumanti or a secert liquidity providers society! I really curious to know, how to knows the market is so oversold Euros...
"It's the Margin, Stupid."
  • #853,596
  • Nov 16, 2013 2:17pm Nov 16, 2013 2:17pm
Vachus index. Can I make one too? Well Oanda is under JPMorgan, who is just sued for 2007 MBS frauds and can pay fine up to 13Bn. Pretty close to New World order in Wall street, if you ask me. Wouldnt base trades on their data as they are up to something for sure. Would love to know up to what, but gonna find out once it happens, as usuall.
edit: They´r actually sponzoring FF, hope I wont get ban
"I know one thing, that I know nothing." Sokrates
  • #853,597
  • Nov 16, 2013 2:23pm Nov 16, 2013 2:23pm
Quoting Tom_D_Trader
Vachus index. Can I make one too? Well Oanda is under JPMorgan, who is just sued for 2007 MBS frauds and can pay fine up to 13Bn. Pretty close to New World order in Wall street, if you ask me. Wouldnt base trades on their data as they are up to something for sure. Would love to know up to what, but gonna find out once it happens, as usuall.
You know what, you are a good guy. Let's team up and we make both one index. Will take the first initials of our names and publish it- i'm sure a cyprus broker would love having it as a trading symbol. Will call it " TV index " or "VT index ". I like the second , so no one confuses our trade weighted index for cable tv.
"It's the Margin, Stupid."
  • #853,598
  • Nov 16, 2013 2:27pm Nov 16, 2013 2:27pm
Well you are joking, but some Israel brokers were actually selling futures on possibility US will bomb down Syria. That was like a year ago. You can sell literally anything. Saw Dairy futures on New zealand stock exchange?
edit: you see? 300 times bigger volume than the nearest rivals in ocean.
edit: well maybe it shouldnt be called futures, dunno how to name bombing bet product.
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"I know one thing, that I know nothing." Sokrates
  • #853,599
  • Nov 16, 2013 2:29pm Nov 16, 2013 2:29pm
Quoting Vachus
{quote} You know what, you are a good guy. Let's team up and we make both one index. Will take the first initials of our names and publish it- i'm sure a cyprus broker would love having it as a trading symbol. Will call it " TV index " or "VT index ". I like the second , so no one confuses our trade weighted index for cable tv.
VT index exists already http://finance.yahoo.com/q?s=VT
just call it TV index.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #853,600
  • Nov 16, 2013 2:30pm Nov 16, 2013 2:30pm
Quoting ffleo
{quote} I have that book, but not trading the methods yet. Now i mainly trade swings. I think I will try to trade scalping too.
The book is a gem, full of insight, I seriously tried to trade that way, but did not work for me, I came to the conclusion that my personality does not reflect his way, you have to be focus 100%, evert tick has his importance and you have to be very relax and attentive at the same time, not easy for me considering the surrounding.

I am doing ok with a style that I developed trading the daily and only the six major and because of that I have a lot of time and I may go back to try again Volman's way which could be of a different outcome because my current style is supporting me financially and I might find the "zone" to trade that way.
Wherever you go, there you are.
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