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  • #41
  • Oct 28, 2015 2:08pm Oct 28, 2015 2:08pm
Quoting JoeNY
Never ceases to amaze me the lack of interest threads like these get. I would cringe when reading these forums if I traded for a living, that's for sure.
I used to feel that way too but not so much anymore. Now i just say more power to those who can recognize info worth their time.
  • #42
  • Oct 28, 2015 2:08pm Oct 28, 2015 2:08pm
brb going for a smoke quick
  • #43
  • Oct 28, 2015 2:18pm Oct 28, 2015 2:18pm
Quoting willo123
Ahh you mean that level, was a small reaction, news releases always tend to throw a spanner in the mix. The stop run would of been a nice trade though. did you look at the link i sent you?
Yes had a quick look, will spend more time on it later on

Dane...
  • #44
  • Oct 28, 2015 2:18pm Oct 28, 2015 2:18pm
Here's the S&P retrace.

Attached Image


Quoting willo123
EUR/USD interesting psychology atm {image} If we look at the order graph we can see that there are still lots of people short from 1.10200 to 1.10500 levels, if these people don't exit their trades when the market moves lower we may see some kind of retrace back up , make em nervous that their only gonna end up with a small profit meaning they close their positions. {image} As for the people who were long before the drop.. well its safe to say they got completely obliterated.
SPC * Swollen PocketZ Crew!
  • #45
  • Oct 28, 2015 2:20pm Oct 28, 2015 2:20pm
Something to think about

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  • #46
  • Oct 28, 2015 2:31pm Oct 28, 2015 2:31pm
Hmm interesting chart joey maybe see a retrace soon on USD/JPY.

Will be looking for PA at this level.


Attached Image (click to enlarge)
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Alot people went long around here according to the order graph
  • #47
  • Oct 28, 2015 2:40pm Oct 28, 2015 2:40pm
EUR/USD nearly at current range boundary as well

Attached Image (click to enlarge)
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moving average traders have gone short too
  • #48
  • Oct 28, 2015 2:42pm Oct 28, 2015 2:42pm
reactive daily traders will probs start selling on the next daily candle
  • #49
  • Oct 28, 2015 2:49pm Oct 28, 2015 2:49pm
this is weird

Before the drop.

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After the drop

Attached Image
  • #50
  • Oct 28, 2015 2:52pm Oct 28, 2015 2:52pm
Quoting willo123
Something to think about {image}
All those bank account transfers from one type of trader to another
  • #51
  • Oct 28, 2015 3:06pm Oct 28, 2015 3:06pm
yes exactly , I think we will see another move down tomorrow to get some trend traders on the 1hour chart trapped.
  • #52
  • Oct 28, 2015 3:06pm Oct 28, 2015 3:06pm
Quoting willo123
{image} {image} Not much happening on EUR/USD think this will drop again soon
May I assume that the people you talked about that were long the EUR/USD from October 23rd got out here with a small loss to reduce exposure and risk prior to FOMC?

Attached Image (click to enlarge)
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Dane...
  • #53
  • Oct 28, 2015 3:18pm Oct 28, 2015 3:18pm
A few did, if you scroll through the order book you can see the open positions decrease slightly as the consolidation continued, then the drop earlier happened which forced many to close, you can see a large reduction in the number of trapped longs after the news release.

Before Release

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After
Attached Image (click to enlarge)
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  • #54
  • Oct 28, 2015 3:26pm Oct 28, 2015 3:26pm
Quoting willo123
A few did, if you scroll through the order book you can see the open positions decrease slightly as the consolidation continued, then the drop earlier happened which forced many to close, you can see a large reduction in the number of trapped longs after the news release. Before Release {image} After {image}

Still orders open and 1.11750!!

Question, are these positions all live or a combination of live and demo?

Dane...
  • #55
  • Oct 28, 2015 3:43pm Oct 28, 2015 3:43pm
I would expect the remaining orders to drop if the market continues lower i mean these longs are at quite a significant loss right now , doubt they can take much more pain.

I think there live Dane, tbh its something I've never really thought about i always just assumed they were live.

As for the 1.11750 don't know whats going on here such a dramatic increase, if there stop orders which i think they are cos there's no kind of technical reason as to why a sell trade would be placed here then i think that means that the traders whose stops these are must be operating off of longer time frame.


Its quite a distance from the current market price to 1.11750 its unlikely that someone trading lower time frame e.g 1min ,5min,15min would place a trade with a stop that far away.
  • #56
  • Oct 28, 2015 3:54pm Oct 28, 2015 3:54pm
Quoting willo123
I would expect the remaining orders to drop if the market continues lower i mean these longs are at quite a significant loss right now , doubt they can take much more pain. I think there live Dane, tbh its something I've never really thought about i always just assumed they were live. As for the 1.11750 don't know whats going on here such a dramatic increase, if there stop orders which i think they are cos there's no kind of technical reason as to why a sell trade would be placed here then i think that means that the traders whose stops these are...

Given it's a zero sum game buyers need sellers and visa versa it's interesting to see how even the graph is over both buyers and sellers.

Question, do you think that this graphic also includes any trades that Oanda engages in?

Dane...
  • #57
  • Oct 28, 2015 4:13pm Oct 28, 2015 4:13pm
Don't believe so, if i was oanda i wouldn't want anybody to know what positions I'm taking
  • #58
  • Oct 28, 2015 4:14pm Oct 28, 2015 4:14pm
There may not be much truth to this. A lot of smoke and mirrors in the markets.

Quoting Dane
{quote} Given it's a zero sum game buyers need sellers and visa versa .....
SPC * Swollen PocketZ Crew!
  • #59
  • Oct 28, 2015 4:15pm Oct 28, 2015 4:15pm
then again it could be masked to some extent by the activity of the traders using oanda so either way you wouldnt be able to tell.
  • #60
  • Oct 28, 2015 4:21pm Oct 28, 2015 4:21pm
my understanding of a zero sum game was that for one person to be able to profit another needs to lose, regarding buyers and seller i was always of the belief that its a buy order needs a sell order or vice versa not necessarily for every buyer there's a seller.

if an order comes in to sell 10,000 EUR/USD and there's 1 buyer with an order of 9000 EUR/USD 9000 sell orders would be filled but the market would fall until the remaining 1000 sell orders are filled.
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