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  • #959,001
  • Feb 10, 2015 6:10am Feb 10, 2015 6:10am
Quoting sisse
{quote} buying the news? je je je ... eurocrats in happy mode ....as expected the extension is a done deal but watchout for the counter tweet ...they will play noise until tomorrow at least.... Lets see sisse

I cannot NOT buy the news as long I am the one who keeps harping on about it.........

As I hinted this morning, the clue today is the Bunds/GR spread and CDS cost. Of course DAX is helping out nicely too right now......
A contrarian; I always disagree.
  • #959,002
  • Feb 10, 2015 6:14am Feb 10, 2015 6:14am
Quoting goldfinch
{quote} I cannot NOT buy the news if I am the one who keeps harping on about it......... As I hinted this morning, the clue today is the Bunds/GR spread and CDS cost.
yeah ..its a done deal in Greece as expected, announcement came 3 ticks from the low (je je je )_ 1.127x ... in any case, lets see if the news manage to flip it back up for the NY session. Tracking the micro 1.132x...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #959,003
  • Feb 10, 2015 6:14am Feb 10, 2015 6:14am
Quoting gatorinla
{quote} ttps://www.youtube.com/watch?v=0zpa8jNnaTY practice add a (h) to https
  • #959,004
  • Feb 10, 2015 6:15am Feb 10, 2015 6:15am
its the same story when PIGS came in. Interesting times. He who talks about it reminds me of those times. Of those individual.
  • #959,005
  • Feb 10, 2015 6:15am Feb 10, 2015 6:15am
Quoting goldfinch
{quote} I cannot NOT buy the news as long I am the one who keeps harping on about it......... As I hinted this morning, the clue today is the Bunds/GR spread and CDS cost. Of course DAX is helping out nicely too right now......
nice saw the same thing.
  • #959,006
  • Feb 10, 2015 6:16am Feb 10, 2015 6:16am
Quoting sisse
{quote} yeah ..its a done deal in Greece as expected, announcement came 3 ticks from the low (je je je )_ 1.127x ... in any case, lets see if the news manage to flip it back up for the NY session. Tracking the micro 1.132x... sisse
Shorting 320
1st scalp collected, further shorting on test.
  • #959,007
  • Feb 10, 2015 6:16am Feb 10, 2015 6:16am
Nice movement up
  • #959,008
  • Feb 10, 2015 6:16am Feb 10, 2015 6:16am
Quoting sisse
{quote} and how do you exactly plan to do that? sisse

I better not to say that here but that was what exactly happened (ie was easy to see) here just few mins ago.

One would need xyz-platform for eur, gbp and usd but if you calc with % intraday change and for example eurgbp which has made around -0.7% change from high print and its close to 00 level it could be left outside and focus on eurusd and gbpusd on xy -platform.

Good enough?
They think they are smarter than I am.
  • #959,009
  • Feb 10, 2015 6:17am Feb 10, 2015 6:17am
Quoting sisse
{quote} yeah ..its a done deal in Greece as expected, announcement came 3 ticks from the low (je je je )_ 1.127x ... in any case, lets see if the news manage to flip it back up for the NY session. Tracking the micro 1.132x... sisse

You and I seemed to have been just about the only voices of reason on this thread. The problem with a pronounced trend is that the average retailer gets sucked in right at the wrong time or price ignoring what is going on in the world around them.

It can't be easy though when you have several loudmouths as we had this morning screaming at the top of their lungs for silly targets and some here get swayed by that.
A contrarian; I always disagree.
  • #959,010
  • Feb 10, 2015 6:20am Feb 10, 2015 6:20am
Quoting janpec1000
{quote} Shorting 320 1st scalp collected, further shorting on test.
Its a "big" confirmation news ...and there is only AIR from 1.132x till the highs so watch out you get spank out on the knee jerk reaction...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #959,011
  • Feb 10, 2015 6:20am Feb 10, 2015 6:20am
Quoting goldfinch
{quote} Volume eh? Do you really want to use a retail broker's volume feed? There is no centralised exchange, the last thing you want to know is where the retailers are trading, unless of course you use it as a contrarian indicator.........
Well, that is not the problem. It could be even harder to spot the trade on centralized exchange and the whole idea would not work.

I watch several feed as reference.
They think they are smarter than I am.
  • #959,012
  • Feb 10, 2015 6:20am Feb 10, 2015 6:20am
what happened to Bears ? Disseminated ?
Intraday only.
  • #959,013
  • Feb 10, 2015 6:21am Feb 10, 2015 6:21am
Bund Future Drops to Session Low as Greece Compromise in Focus 20:19
March bund future drops as much as 44 ticks to 158.40, vs session high of 158.80.
• 10-min. volume on contract rises to 24k vs 50-min. avg 10k
• Stoxx 600 +0.72% at 373.20, near session high
• Greek 3Y yield -107bps to 20.01%, vs highest since 2012 restructuring at 21.914% earlier
  • #959,014
  • Feb 10, 2015 6:23am Feb 10, 2015 6:23am
Quoting sisse
{quote} Its a "big" confirmation news ...and there is only AIR from 1.132x till the highs so watch out you get spank out on the knee jerk reaction... sisse
So you saying I will be rich? I have longs from 1.127x
  • #959,015
  • Feb 10, 2015 6:23am Feb 10, 2015 6:23am
Quoting goldfinch
{quote} Volume eh? Do you really want to use a retail broker's volume feed? There is no centralised exchange, the last thing you want to know is where the retailers are trading, unless of course you use it as a contrarian indicator.........
@ Goldfinch and Sisse

What is Currenex, as far as I found out it is a platform where major IBs send their quotations non-stop to make the market for currencies. Can anyone have access to their trading volumes over there?

I am talking to my bank and they say they can provide me access if I accept to pay a fee over the total sizes of my trading lots. I saw it a few times and the first thing I noticed was the spread being as low as 0.01 and also I could see who sent the order, which prime bank.

As you can imagine with equity trading, it is a massive advantage to see which broker is buying and which one is selling, especially trading Turkish stocks that way one can see who is on the buying side and check for news related to tht specific company and plan your strategy. However, with currencies ppffff it is the most liquid market and I am not sure whether that information could be of use in any way, say Deutsche Bank is selling EUR, it doesn't mean much since there are dozens of different trading desks buying and selling currencies for thousand reasons.

Anyway, my real question is is Currenex Access a good thing to have? Anyone else had any experience with it here?

Many thanks in advance. If you could respond at your convenience, I would be really happy.
  • #959,016
  • Feb 10, 2015 6:24am Feb 10, 2015 6:24am
Quoting sisse
{quote} Its a "big" confirmation news ...and there is only AIR from 1.132x till the highs so watch out you get spank out on the knee jerk reaction... sisse
Don't worry he'll just say TP +10.
  • #959,017
  • Feb 10, 2015 6:24am Feb 10, 2015 6:24am
Quoting Z3iz3i
{quote} Well, that is not the problem. It could be even harder to spot the trade on centralized exchange and the whole idea would not work. I watch several feed as reference.

Seems like you know its limitations, well done on having found something that works for you. It is all about finding an edge over the herd.
A contrarian; I always disagree.
  • #959,018
  • Feb 10, 2015 6:24am Feb 10, 2015 6:24am
Quoting navk
what happened to Bears ? Disseminated ?
Hope no one got killed by 40pips.
Luck shines on the positive.
  • #959,019
  • Feb 10, 2015 6:24am Feb 10, 2015 6:24am
Quoting goldfinch
{quote} Volume eh? Do you really want to use a retail broker's volume feed? There is no centralised exchange, the last thing you want to know is where the retailers are trading, unless of course you use it as a contrarian indicator.........
that is not correct. There are a few studies, which showed, that the tick-volume in Forex has a very high correlation to "real" volume. But you have to take care, that you use a brokers data feed, who has a deep liquidity pool.

For example, you can use the volume of Dukascopy and or FXCM. Both show not only the tick-volume, but they show indeed the real traded volume.
  • #959,020
  • Feb 10, 2015 6:25am Feb 10, 2015 6:25am
Quoting infinitus
{quote} that is not correct. There are a few studies, which showed, that the tick-volume in Forex has a very high correlation to "real" volume. But you have to take care, that you use a brokers data feed, who has a deep liquidity pool. For example, you can use the volume of Dukascopy and or FXCM. Both show not only the tick-volume, but they show indeed the real traded volume.
you can find the studies in the attachments of my "The Club" thread
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