Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

firewalker

The Lounge

Recommended Posts

Sharky's done a thread celebrating the 100,000 mark, and looking back over the last few times they've hit a milestone, the new member always got a mention............but he didn't this time.

 

( I bet he was gutted to see THAT name :o )

 

LOL

Share this post


Link to post
Share on other sites
Sharky's done a thread celebrating the 100,000 mark, and looking back over the last few times they've hit a milestone, the new member always got a mention............but he didn't this time.

 

( I bet he was gutted to see THAT name :o )

 

LOL

 

I think he'll probably take notice of it mid June or so.

Share this post


Link to post
Share on other sites
Change "now online" to 50,000 beginners and 50,000 vendors and you'll have something.

 

...ain't that the truth....

 

Don't worry, I'll be sure to mention you soon! (if my nick isn't banned!)

Share this post


Link to post
Share on other sites

Here ya go:

 

attachment.php?attachmentid=6784&stc=1&d=1211984663

 

What I find interesting is that he's so proud of getting so many people to sign up, but the fact that he's been able to hang on to so few of them doesn't seem to bother him.....:confused:

Image1.gif.eb3e68232582642629d9356f947596bd.gif

Share this post


Link to post
Share on other sites
Here ya go:

 

attachment.php?attachmentid=6784&stc=1&d=1211984663

 

What I find interesting is that he's so proud of getting so many people to sign up, but the fact that he's been able to hang on to so few of them doesn't seem to bother him.....:confused:

 

Its all about the hits though surely. Sod the content.

Share this post


Link to post
Share on other sites
Here ya go:

 

attachment.php?attachmentid=6784&stc=1&d=1211984663

 

What I find interesting is that he's so proud of getting so many people to sign up, but the fact that he's been able to hang on to so few of them doesn't seem to bother him.....:confused:

 

Perhaps if the advertisers actually read the quality of the general member contributions and the fact that so many are none trading related these days, they would reconsider sponsoring the site as an effective means of selling their product. As it stands its still a cash cow for the owner.....

 

How did u edit that label by the way?!!

 

PS. Apologies if i'm helping derail this thread!

Share this post


Link to post
Share on other sites

I've been rumbled!

 

Lightening Mcqueen just posted 'its an advisor' in the private thread!

 

It shouldn't be as I quit but anyhow!

Share this post


Link to post
Share on other sites
Its all about the hits though surely. Sod the content.

 

But as trendie pointed out, only 18,000 have logged on within the last 60 days.

 

Getting people to sign up is no great trick. Hanging on to them is another matter. I wouldn't be crowing about losing more than 80% of the membership.

Share this post


Link to post
Share on other sites
But as trendie pointed out, only 18,000 have logged on within the last 60 days.

 

Getting people to sign up is no great trick. Hanging on to them is another matter. I wouldn't be crowing about losing more than 80% of the membership.

 

18000 in 60 days as a stat perhaps also does the site more justice than it deserves. I reckon theres probably been no more than 100 regular posters in those 60 days, maybe far less....

Share this post


Link to post
Share on other sites
I have a Demo account with Meta, it does seems that on big volumes there will be big moves, but a big move does not mean a big volume.

 

The graphs on IB does not offer volume for FX...... I have not then a lot of research into this, but it is just something I realised.

 

There is such a thing as 'tick volume' on some packages, but it is a laughable approximation of volume. I would guess (not that it can be proved) that the correlation between 'tick volume' and real volume in FX is less that 0.25 personally.

 

Could go into the whys and wherefores of this, but maybe later. I once posted something on it on T2W so maybe I can crib my explanation from there.

 

GJ

Share this post


Link to post
Share on other sites
There is such a thing as 'tick volume' on some packages, but it is a laughable approximation of volume. I would guess (not that it can be proved) that the correlation between 'tick volume' and real volume in FX is less that 0.25 personally.

 

GJ

 

I wouldn't call it an approximation as, afaik, it's a different definition of volume.

 

(1) contract volume = the number of contracts traded during any given time interval,

(2) trade volume = the number of trades (regardless of their size) during any given time interval

(3) tick volume = the number of changes in price, regardless of contract/trade volume that occur during any given time interval.

Share this post


Link to post
Share on other sites
I wouldn't call it an approximation as, afaik, it's a different definition of volume.

 

(1) contract volume = the number of contracts traded during any given time interval,

(2) trade volume = the number of trades (regardless of their size) during any given time interval

(3) tick volume = the number of changes in price, regardless of contract/trade volume that occur during any given time interval.

 

Yes, if we're splitting hairs, I agree, but it's very much marketed as far as I can see, as an alternative, proxy measure of volume for people in FX that like such a thing. And a change in the price up one tick and down one tick in FX implies.......nothing. Literally, nothing. Doesn't mean a single sausage went through the market. Equally, could be yards and yards went through. The change in price is much more likely to be because the feed powering the chart is, at some stage in its lifecycle, a blended rate, and thus will update every time there's an update in one of it's 'spoke' feeds.

 

This is especially true of crosses, where each spoke feed would likely update each time one of the dollar legs updates. So in EUR/JPY for example, you could have a flurry of tick updates just because something is going through in EUR/USD or USD/JPY. means nothing to EUR/JPY - might have been no flow at all. But equally, it could actually be that EUR/JPY is moving, and then a volume stat that potentially looked to all intents and purposes absolutely identical could mean something entirely different.

 

SO if you just want to plot how many times the price has changed then great, but personally I can't see the use for it. I don't know anyone at all in interbank / wholesale circles who would give it the time of day.

 

Just my $0.02

 

GJ

Share this post


Link to post
Share on other sites

SO if you just want to plot how many times the price has changed then great, but personally I can't see the use for it. I don't know anyone at all in interbank / wholesale circles who would give it the time of day.

 

Just my $0.02

 

GJ

 

Don't get me wrong, I agree and I don't see the use of that kind of volume neither...

Share this post


Link to post
Share on other sites

I only bought it up as it seemed interesting guide to strength. Its not, I get it now. S/R and TL's are it!

 

Anyhow, back to being SOOCRATES! Mwah!

Share this post


Link to post
Share on other sites
The problem with trading larger TF's is too much spare time!

 

I am now SOUR-CRATES too!

 

God I'm bored!

 

Today hasn't exactly been of much interest neither! Stuck in 50-point range on the DOW.

Share this post


Link to post
Share on other sites
Today hasn't exactly been of much interest neither! Stuck in 50-point range on the DOW.

 

I'm moving up in TF's atm whilst the EJ sits in its worst daily ranges for about a year so have even more free time. The problem is I can't head far from the screen so have to fill the time somehow :shocked: :rofl:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
    • MCK Mckesson stock, nice trend and continuation breakout at https://stockconsultant.com/?MCK
    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.