Reply
 
Thread Tools
  #265  
Old Sep 1, 2009 9:20am
$$$$
 
Member Since Apr 2005
7 Vouchers  135 Posts
Default

Quote:
Originally Posted by Bleek View Post
The Futures lvl2 numbers are very interesting, I've been watching them at round number support on the EURUSD.

Volume to the down side (Bids) keeps jumping up 20-30% pulling price down, it's as if 'they' are trying to get a good price for their efforts soaking up the offers.
Very interesting thread. Always glad to learn/improve.

OK, I'm on the same page as AstonDan. Trend line rejection, fractals or whatever you want to call it. Most interesting at round numbers.

Watching the Level II was also very enlightening. If you pay attention there are certain levels where you can see orders in the hundreds flying (hint?).

Coupled with S/R it starts looking a very promising improvement.

I don't know if this is what "those in the know" are talking about or I'm just wailing, but hey, I like it.

Cheers,

Henry
__________________
"There are old traders and there are bold traders, but there are no old bold traders."
Reply With Quote
  #267  
Old Sep 1, 2009 9:34am
$$$$
 
Member Since Apr 2005
7 Vouchers  135 Posts
Default

Something else, skfx, has given us the white space hint several times.

What I gather is that he's referring to accumulation/distribution areas where you can clearly see price retained in a range.
__________________
"There are old traders and there are bold traders, but there are no old bold traders."
Reply With Quote
  #279  
Old Sep 1, 2009 11:40am
$$$$
 
Member Since Apr 2005
7 Vouchers  135 Posts
Default

Quote:
Originally Posted by AstonDan View Post
LOL, i would agree. The important question is though, now those stops have been taken out and the cascade of liquidity has slowed, do you use the opportunity to go long at a discount?
AstonDan,

I don't think that's the right frame of mind, so to say it. One thing is to find discount areas where long/short orders are being placed and another is to catch a falling knife.

The move is already in motion, now it's time to let it cool down and let them show their hands again.

However we have some interesting lessons to learn today with all that price bouncing (hint, hint, hint?)...

I still have to figure it out myself though...
__________________
"There are old traders and there are bold traders, but there are no old bold traders."
Reply With Quote
  #282  
Old Sep 1, 2009 11:54am
$$$$
 
Member Since Apr 2005
7 Vouchers  135 Posts
Default

Quote:
Originally Posted by AstonDan View Post
Thanks Hensch. Just getting my head around it

Having said that, price has hit last weeks lows, so wouldn't that qualify as a discount area where you would expect a cluster of long orders to be placed?
Just my opinion, but I think what we are trying to read here is how to ride on the market movers coat tails, not trying to predict what the may be doing.

So we still have to let the dust settle and discover the missing pieces of this puzzle.
__________________
"There are old traders and there are bold traders, but there are no old bold traders."
Reply With Quote
  #287  
Old Sep 1, 2009 12:13pm
$$$$
 
Member Since Apr 2005
7 Vouchers  135 Posts
Default

Quote:
Originally Posted by Bleek View Post
Very true because I for one didn't see that massive drop coming.
Don't sweat, depending how near (time frame) you were looking the market, is easy to get messed up.

Now, we still have to find out the "invisible part" which seems to be crucial. Don't forget that according to those who know what they are talking about, the chart plays a small role in this market charade.

AstonDan, I agree this seems to be mission impossible.
__________________
"There are old traders and there are bold traders, but there are no old bold traders."
Reply With Quote
  #312  
Old Sep 2, 2009 11:04am
$$$$
 
Member Since Apr 2005
7 Vouchers  135 Posts
Default

Quote:
Originally Posted by Scotty B View Post
If you have a live Oanda account, the IFR feed is provided in their FX News. It will be interesting to see what ZKF gets in comparison. We'll have to compare over the next week to see. IFR is just one peice..Now the question becomes, how do we use that data? No worries though, we'll get there.
I wasn't aware of that and I'll also will keep an eye on it.

If been following the futures LII for a few hours, and if my understanding about market/limit orders (after reading your interesting posts on the subject) is correct it's been full chop and lame movement, good to spot a range market.

I assume that most were market orders.
__________________
"There are old traders and there are bold traders, but there are no old bold traders."
Reply With Quote
Reply

3 Traders Viewing This Thread (2 are members)
withnail, InvisibleMore than 10 Vouchers
Thread Tools


Similar Threads
Thread Thread Starter Forum Replies Last Post
Using future orderflow, to predict spot prices woo Trading Discussion 16 Jul 2, 2012 3:14pm
Vidas - Orderflow Nritv Trading Journals 1 Feb 10, 2011 1:07pm
Help.. Pending stop order when market price and Open price between broker requirement dewaforex Platform Tech 5 Apr 5, 2010 5:32am