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  • #1,007,061
  • Jul 3, 2015 7:58am Jul 3, 2015 7:58am
http://www.zerohedge.com/news/2015-0...hat-comes-next


A yes vote stronger risk apetite and risk for rate hike with a stronger USD
  • #1,007,062
  • Jul 3, 2015 8:16am Jul 3, 2015 8:16am
last EU play before shutting down for the weekend fireworks (both here in US and greece)

going for a small long (.5) back to the high it hit the daily open and the 76 fib, close out if it doesn't reach it
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forex forex forex
  • #1,007,063
  • Jul 3, 2015 8:21am Jul 3, 2015 8:21am
Quoting Deliciouspip
{quote} after 24 hrs, i am back for green pips! lol {image}
from -150 pip for opening orders before NFP to green again, i am very lucky today

managing positions is very important before closing orders even if you are in negative numbers, if you are red, re-study the market conditions, price can come back, remember trend is trend... so this is what i did my 6th sense told me to wait for the prices to come back and decided not to close

how does this relates to you? well if i did it you can do it too, do your homework.

Noone is cut from a different cloth, a man can do what other can.
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Perfecting your entry will increase your profits
  • #1,007,064
  • Jul 3, 2015 8:23am Jul 3, 2015 8:23am
hhmmm.. i try short here .. 1.1098.. it seems she wanna test the low again..
the true currencies here is patience and react precisely
  • #1,007,065
  • Jul 3, 2015 8:30am Jul 3, 2015 8:30am
Quoting mied
hhmmm.. i try short here .. 1.1098.. it seems she wanna test the low again..
maybe on Monday gap
  • #1,007,066
  • Jul 3, 2015 8:40am Jul 3, 2015 8:40am
So guys, do you think there'll be another gap down after the weekend like we had one this week?
The trader IS the holy grail.
  • #1,007,067
  • Jul 3, 2015 8:42am Jul 3, 2015 8:42am
Quoting KzX
Choppy choppy, you can scalp every 15p today 085-00-15 +- 3p etc. only 1m and 5m GL!
Range filled perfectly for me with false brekout below 85, closing last long from 85.
Those who paid attention to this range posted in the morning earned more than enough during this boring day
Flat till Monday.
At the moment charts say it's gonna be yes from Greece, we'll see.
GL All!
  • #1,007,068
  • Jul 3, 2015 8:43am Jul 3, 2015 8:43am
Quoting Deliciouspip
{quote} from -150 pip for opening orders before NFP to green again, i am very lucky today managing positions is very important before closing orders even if you are in negative numbers, if you are red, re-study the market conditions, price can come back, remember trend is trend... so this is what i did my 6th sense told me to wait for the prices to come back and decided not to close how does this relates to you? well if i did it you can do it too, do your homework. Noone is cut from a different cloth, a man can do what other can. {image}...
this will relate to everyone because everyone loses as well. trading whithout knowing what you will do in case of losses is no plan, IMO. i agree to you that closing the positions may be a mistake for one or the other. E.G. i cut my losses early by hedging the same position. there is no rational behind it except i can force myself much better to recover from these losing positions when they are still open. it would be more cheap and less complicated to close them and open new trades, but i perform better the other way. to each it's own.
  • #1,007,069
  • Jul 3, 2015 8:49am Jul 3, 2015 8:49am
Quoting verified
{quote} this will relate to everyone because everyone loses as well. trading whithout knowing what you will do in case of losses is no plan, IMO. i agree to you that closing the positions may be a mistake for one or the other. I cut my losses early by hedging the same position. there is no rational behind it except i can force myself much better to recover from these losing positions when they are still open. to each it's own.
you are right bro, we all lose but it depends on us to take the loss (close order) or manage it, hedging positions for mm is interesting for me, i do it sometimes hehe

and also as you comment, when i have losing positions it becomes weird, your brain starts to work to recover asap so one must be patient too, in this case i waited 24 hrs

have a nice weekend!
Perfecting your entry will increase your profits
  • #1,007,070
  • Jul 3, 2015 8:58am Jul 3, 2015 8:58am
Latest polls show how tight the vote is Yes - 42.5% No - 43.0%
  • #1,007,071
  • Jul 3, 2015 9:03am Jul 3, 2015 9:03am
Trying short @1.1079 and stop @ 1.11718
  • #1,007,072
  • Jul 3, 2015 9:29am Jul 3, 2015 9:29am
Quoting verified
{quote} i need an ECN feed to get this data ? or is it a dedicated network, not available for retail traders ... or, is it just not relevant for forex, like posted below.
Hi Verified,

let me explain:

studies found, that the tick-volume of big brokers is a very good proxy for true volume. The data showed, that there was a correlation of over 90%.

Miss Pips linked one of the studies today.

Best data you will get from big brokers with deep liquidity pools, like FXCM (I think it is the biggest broker at the moment). And: only use very liquid pairs like EU, GU, UJ, EG, EJ etc.

Also you can use the true volume data from FXCM or Dukascopy. Both offer this data.


All this data is clearly not the volume, which is traded in Forex around the world. But when data gets big enough, it is simply representative and you can draw your conclusions.

I have used volume data now for a few years, mainly from FXCM and Dukascopy. Both are ECN with deep liquidity pools. Do not use a broker with dealing desk, their tick volume may proof to be outright misleading.

Another method to get really good volume information is to use futures/options data. I also have access to them. Forex is more and more traded via futures. There are studies, which shows, that Spot Forex leads the futures markets, still. But that may change in the future eventually. When you need the volume analysis on higher TF's, this aspect is not so relevant. If used for trading on very short term time frames it may be a problem (also I think the problem will not be very big)

When I compare the tick data of FXCM and Dukascopy, sometimes you can see little differences. But when you proceed the data to volume profiles, the differences get very very small.

Same result when comparing futures volume data with tick volume of FXCM and Dukascopy.

When comparing tick data from FXCM and Dukascopy with their respective real traded volume, the differences are also smalish. When processed into volume profiles it seems to be meaningless (the differences)
  • #1,007,073
  • Jul 3, 2015 9:30am Jul 3, 2015 9:30am
EU M15.
Very interesting intersection on market closing at 21:00 Exness broker time.
Very tight range (green area). I'm done for today.

Should we expect Gap down, last Support is at 1.103 and 1.095
Unfavorable Gap up resistance is at 1.114 and 1.117
Trade safe fellows.
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  • #1,007,074
  • Jul 3, 2015 9:31am Jul 3, 2015 9:31am
Quoting taru
So guys, do you think there'll be another gap down after the weekend like we had one this week?
Due to the situation in Greece this Sunday, I think that there will be another big market gap over the weekend. I will suggest that we should not leave any open positions over this weekend.
  • #1,007,075
  • Jul 3, 2015 9:33am Jul 3, 2015 9:33am
Quoting D.Stoimenov
{quote} Due to the situation in Greece this Sunday, I think that there will be another big market gap over the weekend. I will suggest that we should not leave any open positions over this weekend.
yes, agree. This is the most wisdom thought today.
  • #1,007,076
  • Jul 3, 2015 9:36am Jul 3, 2015 9:36am
hi guys. im bit confused here. what will be the impact for USD. EUR will go up or down with the news. i understand. but how will it work with USD/JPY or NZD/USD.
what i understand is how greekish vote affect on USD.

thanks
Wise man once said "You gotta trade tomorrow as well"
  • #1,007,077
  • Jul 3, 2015 9:42am Jul 3, 2015 9:42am
S still worked nice atm.. start confusing.. my view n analysis indicated price will go lower than this.. but price action seems not agree with my view.. hmm
start not comfort with my short at 1.1098..

still waiting..
the true currencies here is patience and react precisely
  • #1,007,078
  • Jul 3, 2015 9:47am Jul 3, 2015 9:47am
EUR/USD has fallen asleep completely, but considering the events on Sunday this is like the calm before the storm.
  • #1,007,079
  • Jul 3, 2015 9:51am Jul 3, 2015 9:51am
Quoting victoriajen
EUR/USD has fallen asleep completely, but considering the events on Sunday this is like the calm before the storm.
I totally agree with your statement
  • #1,007,080
  • Jul 3, 2015 10:03am Jul 3, 2015 10:03am
Quoting victoriajen
EUR/USD has fallen asleep completely, but considering the events on Sunday this is like the calm before the storm.
Yeah and I don't want to get in.

I stay on the sideline,but my guess,down.
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