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  • #956,221
  • Jan 30, 2015 9:37am Jan 30, 2015 9:37am
Quoting navk
{quote} Got out of my shorts, nice profits. As expected the price bounced after London open for short. Another bounce in NY session gave me another short opportunity.
You made your profit in SHORTS, I made GOOD in EA LONGS
Who says you cannot profit both ways
A good trader follows his rules, but great trader knows when to break them
  • #956,222
  • Jan 30, 2015 9:42am Jan 30, 2015 9:42am
Quoting PayTheLimit
{quote} well I haven't stared at the book it ages, if you do long enough, you can tell then paper apart from the market makers, and if your scalping, it can be useful... btw, where did you drink your cocktails in Chicago?
Where didn't we drink cocktails :-)

Chicago was ~7 years ago now (wow, yikes!)... love that city and only been back once since. Although I'm heading there this year during the Taste on a bachelor party.
check out my blog: forexmademillionaire dot com
  • #956,223
  • Jan 30, 2015 9:49am Jan 30, 2015 9:49am
Quoting Geppy
{quote} Where didn't we drink cocktails :-) Chicago was ~7 years ago now (wow, yikes!)... love that city and only been back once since. Although I'm heading there this year during the Taste on a bachelor party.

ditto, we drank everywhere, but I had my faves...Ceres in the CBOT made the stiffest drinks in the city, I recall my first vodka tonic there, barkeep pours vodka into a short glass over ice to the brim, opens a bottle of tonic, pours some into the cap, then into my drink...first one always put some hair on your chest...I also was a regular at Rivers, for lunch, I worked at the Merc..... also operated out of the W City after happy hour mostly....
Look Sharp/Trade Tight
  • #956,224
  • Jan 30, 2015 9:57am Jan 30, 2015 9:57am
Quoting PayTheLimit
{quote} ditto, we drank everywhere, but I had my faves...Ceres in the CBOT made the stiffest drinks in the city, I recall my first vodka tonic there, barkeep pours vodka into a short glass over ice to the brim, opens a bottle of tonic, pours some into the cap, then into my drink...first one always put some hair on your chest...I also was a regular at Rivers, for lunch, I worked at the Merc..... also operated out of the W City after happy hour mostly....
I remember Ceres and their vodka tonics! I was relatively young back then and hadn't really drank much vodka tonics but man, seemed to be the drink of choice when I lived in Chicago. I remember our Holiday party, I must have drank about two dozen of them. No joke, I barely remember stumbling home well after the sun had been up lol.
check out my blog: forexmademillionaire dot com
  • #956,225
  • Jan 30, 2015 10:04am Jan 30, 2015 10:04am
Quoting Geppy
{quote} I remember Ceres and their vodka tonics! I was relatively young back then and hadn't really drank much vodka tonics but man, seemed to be the drink of choice when I lived in Chicago. I remember our Holiday party, I must have drank about two dozen of them. No joke, I barely remember stumbling home well after the sun had been up lol.
yea, I was in my 20's when I started in the biz, and man, I had to pick up my drinking game big time...good times though, best really....

anyways, gotta run bro, chat you up laters...
Look Sharp/Trade Tight
  • #956,226
  • Jan 30, 2015 10:37am Jan 30, 2015 10:37am
I really think the longer it holds onto this support line, the less likely we are to see it bounce. That being said, I'd be surprised to see a sustained break lower today:

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  • #956,227
  • Jan 30, 2015 10:45am Jan 30, 2015 10:45am
Quoting Rockerzeus
{quote} H1 chart {image}
Did you download the historical?
Maybe there's a difference between real and demo accounts? I use Oanda's for their huge historical charts.
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  • #956,228
  • Jan 30, 2015 10:52am Jan 30, 2015 10:52am
Never underestimate the power of pure chop in the Euro....

For the fifth consecutive day 1.127x were the only level in play and now the playing field is pretty much empty in both sides so it can settle for the close ... Very boring session so far. All eyes on the closes now, especially OIL $45.7x as the next leg in the dollar (among others including equities) can start from there.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #956,229
  • Jan 30, 2015 11:00am Jan 30, 2015 11:00am
Quoting sisse
Never underestimate the power of pure chop in the Euro.... For the fifth consecutive day 1.127x were the only level in play and now the playing field is pretty much empty in both sides so it can settle for the close ... Very boring session so far. All eyes on the closes now, especially OIL $45.7x as the next leg in the dollar (among others including equities) can start from there. sisse
leg in dollar , then you suggest a close above 13xx figure . then the correction would be short lived in that case as we have open targets to deal with most times ...
Get Rich or Die Tryin
  • #956,230
  • Jan 30, 2015 11:02am Jan 30, 2015 11:02am
Quoting Geppy
There's another ~200 contracts on the bid at the 1.1290 (future's price) again... no clue what it means (if anything) but it's about 3x the size of anything on the bid or offer anywhere else.
DOM information is pretty much useless for manual trading. Most of the information there is algorithmic and robot trading.

IMO, the closest "useful" tools you will get for manual trading is DELTA. Even that get a bit "too much" for my taste as is almost as good or as bad as indicator trading. If you are interested in DOM trading check market delta (they used to have a demo) in the worst case scenario it may give you some fresh technical views outside of the noisy, useless and random forex TA field.

However, if you want to cross the line to quant and algorithmic trading, the information in the DOM could get more interesting but that is beyond my skills, knowledge and especially my math and IT infrastructure required to do it. Check concepts like trade velocity and delta arbitrage you may find something interesting there too or simple drop a line to OldQuant here in FF...he is the only one I know here in that field ...

sisse

PS: The only thing i hate in forex trading is not having a proper DOM for actual trade management like in all other instruments ...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #956,231
  • Jan 30, 2015 11:03am Jan 30, 2015 11:03am
s f s g ....

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  • #956,232
  • Jan 30, 2015 11:06am Jan 30, 2015 11:06am
The downtrend not yet over for the EUR/USD while the pair did not break above 1.1450.
  • #956,233
  • Jan 30, 2015 11:14am Jan 30, 2015 11:14am
Quoting Ken A
s f s g .... {image}
.... gl mate ...

Quoting hoom
{quote} leg in dollar , then you suggest a close above 13xx figure . then the correction would be short lived in that case as we have open targets to deal with most times ...
My suggestion in that particular post was about the impact of oil in dollar. If oil fails to hold that key level (is holding for now) for the close it will trigger a panic leg in oil that will carry dollar for a super fast new wave down...

On the pair alone. The level in play is 1.120x. If holds today triple roll, it will confirm a small pause on the slope of the trend in the following weeks. An actual swing pullback is very locked for now in my books. The current low is not for me a swing low yet. Only after a test lower we may get that pullback. For now we are trading a small consolidation that can extend as high as 1.154x without changing anything.

My outlook for the Euro since last week update: Short term (days/weeks) moved from STRONG SELL to NEUTRAL. And mid term (weeks/months) moved from SELL to STRONG SELL.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #956,234
  • Jan 30, 2015 11:18am Jan 30, 2015 11:18am
Quoting Goodvalley
{quote} Did you download the historical? Maybe there's a difference between real and demo accounts? I use Oanda's for their huge historical charts.
No this O anda Demo. When you download history from History Center it download from metaquate not from broker server. I think this is your problem. You are using Metaquotes data over O anda.
  • #956,235
  • Jan 30, 2015 11:20am Jan 30, 2015 11:20am
Quoting sisse
{quote} .... gl mate ... {quote} My suggestion in that particular post was about the impact of oil in dollar. If oil fails to hold that key level (is holding for now) for the close it will trigger a panic leg in oil that will carry dollar for a super fast new wave down... On the pair alone. The level in play is 1.120x. If holds today triple roll, it will confirm a small pause on the slope of the trend in the following weeks. An actual swing pullback is very locked for now in my books. The current low is not for me a swing low yet. Only after...
Dollar is picking up as well - looks like indices will close neutral

Attached Image
  • #956,236
  • Jan 30, 2015 11:30am Jan 30, 2015 11:30am
Quoting gatorinla
{quote} they defaulted in the past.. they can let Germany take all the guaranteed debt. or even all their debt held outside. they are a sovereign nation and can default on any debt they want. there is nothing anyone can do.. investors will be waiting in line to invest after. Greece can tell the eu to kiss their ass..
worth a laugh or 2. 3yr later.. i never thought the Russians would be the ones to help with a oil port. i always thought china or Korea for their imports.
those who can, do. those who cant, talk about those who can
  • #956,237
  • Jan 30, 2015 11:46am Jan 30, 2015 11:46am
Quoting sisse
{quote} Choose your poison (swing trader or intraday trader) and master it is my two cents.
Thanks, Sisse.
  • #956,238
  • Jan 30, 2015 11:47am Jan 30, 2015 11:47am
Quoting sisse
{quote} Monthly lows are probably pretty much set. A very bumpy retrace intraday 1.127x to 1.154x/6x area will be on there way on a break 1.127x intraday/daily. Leaving 1.060x handle target for the next monthly move later with intermediate stops on 1.094x (same as yours) and 1.078x. sisse
those who can, do. those who cant, talk about those who can
  • #956,239
  • Edited 12:50pm Jan 30, 2015 11:49am | Edited 12:50pm
If higher TF signals won't change till close, strong upthrust will should arrive in the beginning of next month/week/...maybe even on Monday.
f(z)=z2+c
  • #956,240
  • Jan 30, 2015 11:52am Jan 30, 2015 11:52am
Quoting Ken A
{quote} Dollar is picking up as well - looks like indices will close neutral {image}
First round of closes today completing.

  1. KEY OIL HELD 45.7x and in my books WE ARE OFFICIALLY on a dead cat bounce leg that can extend as high as $70.xx !!! with a primary short term target of $61.xx.

    1. Changing short term outlook in OIL from sell to Neutral, and from Sell to BUY in the mid term



  2. GOLD held as expected strong 130x.xx but also 127x.xx delaying any fast track for the next leg down.

    1. No changing in outlook there. Short term Neutral, mid term Soft Sell


In correlated currencies, AUD will take a bit of breather in terms of fundamentals if Oil pullback and gold and commodities stay in neutral zones. On trades I am on AJ is technically playing very nice but a bounce is in the making via correlated markets and fundamentals more than technicals need to keep track on it.

Equities closes next ...

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
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