hello danc and diceman...hope you good,i just sold a/u...@ 0.7532. Mondays tend to be very difficult atimes.
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hi carbonado,
recieved your mail and you have certainly asked the right questions.if you dont mind i will reply on this journal as the restrictions via pm,s is very limited.
i posted at london open today or just after it opened with a buy call on cable and also stating the market overall was positive.firstly when i say positive im refering to the collective market with the way i have developed a perspective on it.
you can use any platform to watch this group and determine what the orderflow is telling us.i dont use mt4 so not sure about them ,but i do know that you can run a simple excell program from mt4 and i may still have that program somwher if i have ill post it.
most independant feeds are suuficient and rollovers are similar.the first thing i determine is how the market has traded in its present session ,asian,london,london /new york. todays call was based on the overall market being positve through asian and into london open,it was in agreement.the lows from asia into europe and then london remained positive ,cables low was not taken out .also the values overall were increasing .this was my reason to be buying cable ,and as cheap as possible with minimun risk,1 b/e ,1-4 then a 78 pip gain .just look at the cable chart from 6 am london time .my reference is time and value ,in synce or not,manipulation or harmonic collectivily.
{quote} hi carbonado, recieved your mail and you have certainly asked the right questions.if you dont mind i will reply on this journal as the restrictions via pm,s is very limited. i posted at london open today or just after it opened with a buy call on cable and also stating the market overall was positive.firstly when i say positive im refering to the collective market with the way i have developed a perspective on it. you can use any platform to watch this group and determine what the orderflow is telling us.i dont use mt4 so not sure about...
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thanks diceman.....am waiting for the follow up....
{quote} hi carbonado, recieved your mail and you have certainly asked the right questions.if you dont mind i will reply on this journal as the restrictions via pm,s is very limited. i posted at london open today or just after it opened with a buy call on cable and also stating the market overall was positive.firstly when i say positive im refering to the collective market with the way i have developed a perspective on it. you can use any platform to watch this group and determine what the orderflow is telling us.i dont use mt4 so not sure about...
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hello dice,i have been waiting for you follow upand hope you find the excel sheet.
"{quote}"... hello dice,i have been waiting for you follow upand hope you find the excel sheet.
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i use a group of fx pairs posted in this journal many times, a group of indicies and a group of 5 10 and 15 year bonds.
i look at the fx group at the end of asia pre london ,i determine the sentiment or lack of it,i then look at how the indicies have behaved .i take a reference at london open ,values of 4 or 5 pairs .i watch the initial market open ,im looking for agreement to trade in the direction of that sentiment,if the market is conflicting i take the references of value at the highs top of range and lows ,i do this as a collective .if the collective market holds its range i scalp the range,i look for manipulations to trade back into range lone wolfs which are generally false breaks or on occasion market leaders.
i need to know what the flows are doing ,,this is the risk appetite .the majority of the time the market transacts buisiness at or i should say between whats concidered present fair value the range,you can determine this with out charts.
here is the indicies values at pre london and end of london ,selling off ,fx remained conflicted and tightly ranged
its paramount we understand the conditions we are trading in and any change in these conditions .there is no indicator that tells us that .
the perspective of flows and change are the most valuable indication of the then and now,combined with the ranges and there limitations within a time perspective you have more than enough information to make entry and exit with a positive outcome
{quote} i use a group of fx pairs posted in this journal many times, a group of indicies and a group of 5 10 and 15 year bonds. i look at the fx group at the end of asia pre london ,i determine the sentiment or lack of it,i then look at how the indicies have behaved .i take a reference at london open ,values of 4 or 5 pairs .i watch the initial market open ,im looking for agreement to trade in the direction of that sentiment,if the market is conflicting i take the references of value at the highs top of range and lows ,i do this as a collective...
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thanks so much dice..i really appreciate it......i would dig into the thread more..my take of using this method is to determine the where their is the strongest outflow paired against the strongest inflow...am not sure this is how you trade it but seems very similar...this leads me to the question about indices,going by the data from the indices today,their was a selloff,how would you select which to trade as most just sold of...as their is no way to pair them against each other...or you would just basket trade them...am sorry if i am coming over as a little dense....and two did you find the excel program...
"{quote}" thanks so much dice..i really appreciate it......i would dig into the thread more..my take of using this method is to determine the where their is the strongest outflow paired against the strongest inflow...am not sure this is how you trade it but seems very similar...this leads me to the question about indices,going by the data from the indices today,their was a selloff,how would you select which to trade as most just sold of...as their is no way to pair them against each other...or you would just basket trade them...am sorry if i am...
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i would suggest spend a few weeks just watching the currency pairs ,watch the relationships that remain true the majority of the time,understand whats happening with the sentiment.is the market buyin dollers ,yen or risk ,is the market conflicting with no purpose chaotic and randomly trading between its range ;for a selective time perspective ,using the value change allows you to somewhat have a timeless perspective.remember price is almost always in range ,find the tipping point of the collective group (market stall point)this will take you from the smaller time frame range to the larger,but you would have viewed it from a perspective that is not time dependant and valid in this moment.it also has energy as a collective force to break down its present cieling or floor.
with out observing these points im making they will have no meaning .
the indicies group are for determing ,firstly strenght of over all market agreement and sentiment and a shift in that sentiment .this also applies to the group of bonds.i used the indicies example because its much easier to see what im trying to show you.when the world markets are spooked they all fall together ,if spooked enough this is very clear in the fx and bonds.try to look at it as one circle;
{quote} i would suggest spend a few weeks just watching the currency pairs ,watch the relationships that remain true the majority of the time,understand whats happening with the sentiment.is the market buyin dollers ,yen or risk ,is the market conflicting with no purpose chaotic and randomly trading between its range ;for a selective time perspective ,using the value change allows you to somewhat have a timeless perspective.remember price is almost always in range ,find the tipping point of the collective group (market stall point)this will take...
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thanks so much dice... i would do that.....all of a sudden,i feel i have been trading blind....may i ask what platform you use...really appreciate your toughts...
"{quote}" thanks so much dice... i would do that.....all of a sudden,i feel i have been trading blind....may i ask what platform you use...really appreciate your toughts...
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i use ig index and other uk based spread bet platforms.
i can see your reason for your shorts ,only the aussie and ax are dragging there heels and remaining flat.asia over all has had a positive session ,europe kicking in now then london so lets sit back with a coffee and see what that brings.
ive recently been using sprints and have done well trading them .i use them when the market reaches areas of highly converged zones such as your ax trade short you posted earlier.trade the price to be lower than the highs within set time periods .
i can see your reason for your shorts ,only the aussie and ax are dragging there heels and remaining flat.asia over all has had a positive session ,europe kicking in now then london so lets sit back with a coffee and see what that brings. ive recently been using sprints and have done well trading them .i use them when the market reaches areas of highly converged zones such as your ax trade short you posted earlier.trade the price to be lower than the highs within set time periods .
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MM will have a look.. have closed my positions.. for some loss.. not much damage.. got a nice little earn out of euad
