FOREX PRO Weekly August 27-31, 2012

yeah, amazing. as re. illiquidity, if i were a whale ;-), then could i not move the market easily in my direction by initiating a large order?

as re. futures, does what you say also hold true for e/j or g/u or e/a futures? or is it mostly e/u futures that is the most liquid?
 
yeah, amazing. as re. illiquidity, if i were a whale ;-), then could i not move the market easily in my direction by initiating a large order?

as re. futures, does what you say also hold true for e/j or g/u or e/a futures? or is it mostly e/u futures that is the most liquid?

All majors are quite liquid, I mean Cable and other "to USD" pairs.
Crosses have lesser liquidity, but it is still solid, at least E/J, E/A I suppose. Something like NZD Mex. Peso, may be not so fascinating ;)
 
on EUR/USD leading contracts...the avg volume of contracts per minute during US market session is between 300 and 700. 12,5 usd per pip , per contract....u have a loooooooooong way to go before you start putting 200 contract orders...and still u would be below the average (per minute!!) . I like futures, it seems a fair game compared to widening spreads and stuff on spot FX. and u also get to see the 1 min gaps wich are great hints!!!!
 
I trade mostly Gold, crude oil and eur FX. Plz let me share my analysis on gold. I must say I agree with long-term bullish bias. Market has closed way above the 25x5 DMA (purple line). 25x5 is a long term trend indicator according to dinapoli's methodology. We should track it for follow thru. We must be aware of possible "failure breakout" of the weekly triangle pattern Sive pointed out, we never know..still the disrespected weekly k resistance area and OP both support bullish bias on weekly TF.
The chart is pretty overloaded...my apologies.

XOPat2934.jpg
 
on EUR/USD leading contracts...the avg volume of contracts per minute during US market session is between 300 and 700. 12,5 usd per pip , per contract....u have a loooooooooong way to go before you start putting 200 contract orders...and still u would be below the average (per minute!!) . I like futures, it seems a fair game compared to widening spreads and stuff on spot FX. and u also get to see the 1 min gaps wich are great hints!!!!

hi Damian and thank you for sharing. In last week thread waverider asked Sive how big an order should be for moving market by one pip. I think this should be (also) related to pending order on market. Trading futures, do you have access to depth of market? Would you be so kind to tell us (approximately) how much can you buy/sell "at market" during london or US session? :) i'm really curious about this, even i still don't have that problem :/
thank you!
 
hi Damian and thank you for sharing. In last week thread waverider asked Sive how big an order should be for moving market by one pip. I think this should be (also) related to pending order on market. Trading futures, do you have access to depth of market? Would you be so kind to tell us (approximately) how much can you buy/sell "at market" during london or US session? :) i'm really curious about this, even i still don't have that problem :/
thank you!

Hi papao. I do have acces to depth of market, although due to my ignorance I don't know how to take valuable info from it. I know some people only trade from DoM grids. my biggest order at the market on eur/usd was 4 contracts. As retail traders we are little fish in the ocean, if we are to reach a limit..it will always be the inferior limit...superior limits are for jp morgan traders ;) . I usually get 1 separate fill per contract..but all at the same price. Specialist say these are the most iliquid markets they have seen in 40+ years of trading...dealers refusing to fill large orders in one hit is quite common these days. Due to my account size I do not find any liquidity problems.
 
I trade mostly Gold, crude oil and eur FX. Plz let me share my analysis on gold. I must say I agree with long-term bullish bias. Market has closed way above the 25x5 DMA (purple line). 25x5 is a long term trend indicator according to dinapoli's methodology. We should track it for follow thru. We must be aware of possible "failure breakout" of the weekly triangle pattern Sive pointed out, we never know..still the disrespected weekly k resistance area and OP both support bullish bias on weekly TF.
The chart is pretty overloaded...my apologies.

View attachment 6439

Hi Damian,
so how far do you analyze this triangle breakout for Gold will go ?
It has reversed a little in the last two days. Also do you see Gold correcting down to below 1600 level or 1550 level anytime soon ?
I know on a long term it may exceed 2000 coming 2013.
Thanks for your inputs :)
 
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