- #9,842
- Oct 3, 2014 6:05am Oct 3, 2014 6:05am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} triple aw shucks sorry for the spam how do you put quotes together in one post? Regards Orid peter
A pip is only worth it if you know how much you risked to earn it
- #9,844
- Oct 3, 2014 6:15am Oct 3, 2014 6:15am
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #9,845
- Edited 7:34am Oct 3, 2014 6:29am | Edited 7:34am
- Joined Jan 2012 | Status: Trader | 558 Posts
{quote} Hi LimpB, Those "mid" bar zones effectively still qualify as transient because apart from the bar that went through those prices, there are no other bars that went through that price within h bars. Hence the indi draws the height (price) and width (+/- h) in that range. In my research, these zones will eventually be returned to... but not necessarily soon, especially if there is a prevailing trend or breakout. If it occurs within a ranging period, they can be taken out.
I dont trade these zones to be returned to, or you can have a big DD ... I trade it like the end of a congestion zone with the help of an EMA, or like a continous trend (with a little value of H).
I dont need the H and L of Transient Zone indicator that's why i asked if someone can modified the indicator to make my graph clearer, like this one :
So here i trade trends for more pips, not a range market. I had 3 or 4 trades this week with 0 DD. Dont show you all of my works for the moment
Bottomless wonders spring from simple rules, which are repeated without end
- #9,846
- Edited 7:29am Oct 3, 2014 6:45am | Edited 7:29am
Just as I was about to take your posts seriously, you gave yourself away by false accusations &/or unchecked assumptions. I have never deleted any post nor will I ever do; if this little detail was too hard for you to check
Quoting FX-Jay (http://www.forexfactory.com/showthread.php?p=7760296#post7760296)
{quote} Maybe we should inform banks and the (always right) commercial traders i.e smart money that the economy has changed in order for them to start letting go of their Euro longs and USD shorts. The last time I checked they were at all time high levels in USD shorts and close to all time high levels in Euro longs. Btw last time was today
Poor guys, they probably have been working so hard, and not having time to watch Bloomberg or read some internet articles to realize that the economy has changed. {image} {image}By the way, I can't find that post in your post history - because you deleted it.
**Edit: He didn't delete his post. I am wrong about this. Sorry jay.
then I can just imagine how many details you are missing while analyzing the COT reports. I encourage you to go back to my initial post and check what context it was written in. Commercials = Smart money & yes they are almost always right, and betting against them is a fool's job.
When an individual reportable trader is identified to the Commission, the trader is classified either as "commercial" or "non-commercial." All of a trader's reported futures positions in a commodity are classified as commercial if the trader uses futures contracts in that particular commodity for hedging as defined in CFTC Regulation 1.3(z), 17 CFR 1.3(z). A trading entity generally gets classified as a "commercial" trader by filing a statement with the Commission, on CFTC Form 40: Statement of Reporting Trader, that it is commercially "...engaged in business activities hedged by the use of the futures or option markets." To ensure that traders are classified with accuracy and consistency, Commission staff may exercise judgment in re-classifying a trader if it has additional information about the trader's use of the markets. A trader may be classified as a commercial trader in some commodities and as a non-commercial trader in other commodities. A single trading entity cannot be classified as both a commercial and non-commercial trader in the same commodity. Nonetheless, a multi-functional organization that has more than one trading entity may have each trading entity classified separately in a commodity. For example, a financial organization trading in financial futures may have a banking entity whose positions are classified as commercial and have a separate money-management entity whose positions are classified as non-commercial.
However, you would also be a bigger fool to follow them before extreme positioning since they have much deeper pockets than you and I.
Using COT is not for day trading or scalping, its for longer term position trading.
At BILSTEIN
I can't really get your point....the post is where it was supposed to be Page 466 post 9320. Here is the quote of it i made right now:
No offense but you'd rather to check with more accuracy before you accuse.
I can't really get your point....the post is where it was supposed to be Page 466 post 9320. Here is the quote of it i made right now:
{quote} Maybe we should inform banks and the (always right) commercial traders i.e smart money that the economy has changed in order for them to start letting go of their Euro longs and USD shorts. The last time I checked they were at all time high levels in USD shorts and close to all time high levels in Euro longs. Btw last time was today
- #9,850
- Oct 3, 2014 7:24am Oct 3, 2014 7:24am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
well im done adr s are shot to ribbons ( Do you guys consider them at all ?) il go get a shower , if I can get my head through the doorsee you all next week if it aint foggy
Regards Orid peter Ps best of luck with your exams vlady and sincerely hope your girlfriend is feeling better
Yeah, fingers crossed on the exam... 40 min to go and I'm cramming at work LOL.
A pip is only worth it if you know how much you risked to earn it
- #9,851
- Oct 3, 2014 7:25am Oct 3, 2014 7:25am
At BILSTEIN I can't really get your point....the post is where it was supposed to be Page 466 post 9320. Here is the quote of it i made right now: {quote} No offense but you'd rather to check with more accuracy before you accuse.
- #9,852
- Oct 3, 2014 7:30am Oct 3, 2014 7:30am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} Down is done for today. Look at history
Edit:
There you go 2502. Double tap on the 5M. I think that's could be it.
Edit Edit:
I should be studying.... LOL
A pip is only worth it if you know how much you risked to earn it
- #9,853
- Oct 3, 2014 7:34am Oct 3, 2014 7:34am
{quote} She's still got legs. Dollar is pushing the way. Edit: There you go 2502. Double tap on the 5M. I think that's could be it. Edit Edit: I should be studying.... LOL
- #9,854
- Oct 3, 2014 7:37am Oct 3, 2014 7:37am
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote} She's still got legs. Dollar is pushing the way. Edit: There you go 2502. Double tap on the 5M. I think that's could be it. Edit Edit: I should be studying.... LOL
As Above, So Below
- #9,855
- Oct 3, 2014 7:41am Oct 3, 2014 7:41am
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #9,856
- Oct 3, 2014 7:42am Oct 3, 2014 7:42am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #9,857
- Oct 3, 2014 7:49am Oct 3, 2014 7:49am
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote} Indeed! Pity I'm not in a position to join... wanted to jump in at 36 but wasn't gonna be able to manage it. Anyone got any DS zones on higher timeframe? Weekly or Daily that is around this price range?
I am keeping my NZDUSD short, which i posted here yesterday right after my entry (the small triangle on the chart). still keeping it and so far so good
As Above, So Below
