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  • #857,321
  • Nov 27, 2013 9:02am Nov 27, 2013 9:02am
back above 84. shorts nicht gut still.
  • #857,322
  • Nov 27, 2013 9:04am Nov 27, 2013 9:04am
Quoting Citiboy
{quote} I have been looking at the OANDA data recently and I wonder whether thats even useful. The positioning consistently leans way offsides. The thing about the retail positioning is that its all likely skewed ultra short term in nature. Theres a few idiots sprinkled in with shorts on from hundreds of points lower (never go full retard). It all mostly short term noise. For positioning data we are better off looking at COT futures data,so we can learn what the smart money is doing.

Oanda open position ratios are gold.
  • #857,323
  • Nov 27, 2013 9:05am Nov 27, 2013 9:05am
Quoting attila
{quote} the hell you keep looking up my ass?
lol whatever..

a simple live call was all I asked for, its the easiest thing to say I'll BE it , without saying long at whatever and stop at whatever, and just cut the signal service thing, I mean if you're consistent a live trade call shouldn't mess up your strategy..

anyway gl trading..
Patience is a virtue...
  • #857,324
  • Nov 27, 2013 9:07am Nov 27, 2013 9:07am
Quoting hukam
please help me, how to use this information Regards Hukam {image}
I don't read such information
  • #857,325
  • Nov 27, 2013 9:10am Nov 27, 2013 9:10am
Quoting hadox
{quote} lol whatever.. a simple live call was all I asked for, its the easiest thing to say I'll BE it , without saying long at whatever and stop at whatever, and just cut the signal service thing, I mean if you're consistent a live trade call shouldn't mess up your strategy.. anyway gl trading..
listen. I am a discretionary trader and I may enter several times before I can get something I like.. is that what you want? go ask gator for exact entries/stop losses.
  • #857,326
  • Nov 27, 2013 9:12am Nov 27, 2013 9:12am
as of now it's not going down. so i'm still on the long side of things. you may want to note ny did its LL... so unless it's a runner to the downside, it'll go up from here.. that's what I see at this very moment.
  • #857,327
  • Nov 27, 2013 9:12am Nov 27, 2013 9:12am
Quoting julia2011
short eu @ 3612 cable @ 6275 tp 50 pips hunt or watch
will close eu at 3560
cable still few pips red , waiting 6240, to take profit, and long from there
  • #857,328
  • Nov 27, 2013 9:14am Nov 27, 2013 9:14am
best to long @ 3545
@ 6240
  • #857,329
  • Nov 27, 2013 9:16am Nov 27, 2013 9:16am
Quoting Ck87
{quote} Oanda open position ratios are gold.
You think so? Im sure each trader could approach use of that data differently.

My thought is... if its likely that 2/3rds of the retail positioning is short term in nature, and you can see that by the massive weighting of open positions that exist very close to current market prices, does the actual 30% Long Eur/ 70% Short Eur mean very much? The vast majority of those positions are short term, so how can you really derive any true information from the data if its all short term.


Not criticizing, just really would like to know how you go about using it... I can say that just now as EURUSD traded above 1.3610 and GBPUSD above 1.6325, most very short term positioning seemed to switch net to longs taken on the breakouts higher in those pairs.... as of now we have probably dropped down and take out all those weak positions. I can see that the data is useful in this short term context. Would love to hear your thoughts.
Twitter: @TrendersGame
  • #857,330
  • Nov 27, 2013 9:16am Nov 27, 2013 9:16am
Worst pair to trade right now is EU


Good buying opportunities on GU whenever it sells off, Good buying opportunities on yen pairs.

Selling opportunities on every aussie rally.

But EU is what I like to call, an unreal fcking nightmare joke right now
  • #857,331
  • Nov 27, 2013 9:16am Nov 27, 2013 9:16am
Quoting attila
{quote} listen. I am a discretionary trader and I may enter several times before I can get something I like.. is that what you want? go ask gator for exact entries/stop losses.
no need to mention other traders, for starters I just asked you a simple question, you following reaction pretty much answered my question.. trade the way you want, but don't get surprised and offensive if people starts asking questions about entry's stops etc..

anyway case closed..

gl trading
Patience is a virtue...
  • #857,332
  • Nov 27, 2013 9:16am Nov 27, 2013 9:16am
Quoting attila
as of now it's not going down. so i'm still on the long side of things. you may want to note ny did its LL... so unless it's a runner to the downside, it'll go up from here.. that's what I see at this very moment.
you are not alone on long side...same thinking about this NY LL, we will see
do whatever the fuck you want to do !
  • #857,333
  • Nov 27, 2013 9:17am Nov 27, 2013 9:17am
Quoting Ck87
{quote} Oanda open position ratios are gold.
If those tables say the majority of their sample is short, and you blindly follow it, you will lose money. So no, it's not gold.

Just look at EURUSD and XAUUSD...if you followed the table the last few days, you'd now be under water by quite a bit.

Those tables are too diluted by short term traders and simply bad traders. You don't ask a clown for medical advice, you ask a doctor. Just like you shouldn't blindly follow these Oanda tables (unless you like losing money)
  • #857,334
  • Nov 27, 2013 9:22am Nov 27, 2013 9:22am
Quoting 4exNinja
{quote} If those tables say the majority of their sample is short, and you blindly follow it, you will lose money. So no, it's not gold. Just look at EURUSD and XAUUSD...if you followed the table the last few days, you'd now be under water by quite a bit. Those tables are too diluted by short term traders and simply bad traders. You don't ask a clown for medical advice, you ask a doctor. Just like you shouldn't blindly follow these Oanda tables (unless you like losing money)

What are you talking about? When people are long 80% you're supposed to go short. You basically are supposed to do the opposite of the majority. Majority of traders are losers. Always will be.

So trading Gold and Silver to short side lately would have been very profitable. And going long GU EU would have been profitable as well.
  • #857,335
  • Nov 27, 2013 9:24am Nov 27, 2013 9:24am
Quoting attila
as of now it's not going down. so i'm still on the long side of things. you may want to note ny did its LL... so unless it's a runner to the downside, it'll go up from here.. that's what I see at this very moment.
I gave up on bulls when 3605 was rejected, close them all including gbp/usd, now only shorting gbp/chf from 4775
  • #857,336
  • Nov 27, 2013 9:24am Nov 27, 2013 9:24am
Quoting hadox
{quote} no need to mention other traders, for starters I just asked you a simple question, you following reaction pretty much answered my question.. trade the way you want, but don't get surprised and offensive if people starts asking questions about entry's stops etc.. anyway case closed.. gl trading
ask all you want. you'll keep getting the same answer.. what I say I see it's more important than my entries/exits but you yet have to understand that..bye now. i'm busy.
  • #857,337
  • Nov 27, 2013 9:31am Nov 27, 2013 9:31am
Quoting Ck87
{quote} What are you talking about? When people are long 80% you're supposed to go short. You basically are supposed to do the opposite of the majority. Majority of traders are losers. Always will be. So trading Gold and Silver to short side lately would have been very profitable. And going long GU EU would have been profitable as well.
The correlation isn't 100% inverse...so no, you wouldn't automatically win. Those tables also don't really tell you much about timing.

You're MUCH better off looking at what the market movers are doing (who aren't represented in this table) or even better, just focus on charts in the first place. To automatically assume the correlation is totally inverse is WRONG and will end up costing you money in the long run.
  • #857,338
  • Nov 27, 2013 9:35am Nov 27, 2013 9:35am
Quoting 4exNinja
{quote} The correlation isn't 100% inverse...so no, you wouldn't automatically win. Those tables also don't really tell you much about timing. You're MUCH better off looking at what the market movers are doing (who aren't represented in this table) or even better, just focus on charts in the first place. To automatically assume the correlation is totally inverse is WRONG and will end up costing you money in the long run.

Quote me where i said you would automatically win doing anything. Either way I'm looking at technicals and aware of fundamentals no matter what.

But sentiment is one of the best, if not the best indicator out there.
  • #857,339
  • Nov 27, 2013 9:38am Nov 27, 2013 9:38am
Quoting julia2011
best to long @ 3545 @ 6240
im thinking that too.. but i wait any higher that current highest to shoot
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  • #857,340
  • Nov 27, 2013 9:38am Nov 27, 2013 9:38am
Quoting Citiboy
{quote}.... For positioning data we are better off looking at COT futures data,so we can learn what the smart money is doing.
here you go..
Attached Image (click to enlarge)
Click to Enlarge Name: EUR COT-20131119.png Size: 59 KB

The market is up another 150 pips since last Tuesday, so you can assume those "1.40 SM'orons" brought more on dips..
Good odds for those turkey hunters to push for 1.37 on the narrow & 1.38 on the wide to end the month & Turkey week with a bang..
http://www.glitters123.com/glitter_g...litters-33.gif
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