hi to all Mr. moderators..

thx you for your attention..

iam from indonesia, so happy got this website and the trading signals given by dailyfx+..

many times i got profit because of the trading signal..
a lot of times i also lost, because of iam so greedy, hehe..

the most powerful signal i though is thompson IFR..

i have some question about the term,

1. in the recommendation there "flat on failure" what does it means?

2. in the position row there is "FLAT IN ...." what does it means? what signal is it?

3. when the recomendation come out? because iam still college, so many times i lost good and profitable recomendation

4. last, in what GMT thompson IFR time uses? because many times i see different with the GMT, it is hard for me to know is there expired yet or not..


thx you for your passion in answering my question..

but overall, i need to say thank you so much, because it is really helpful for me.

best regards,

ozzy manoach
surabaya, indonesia

Hi Ozzy,
The trading signals are based on the trading strategies developed at FXCM, but as the news feeds come from Thompson IFR, I do not have an answer for your questions regarding the feeds. However, if you have any questions about the trading signals, I would be more than happy to answer them for you.

halo Mr. David Song, glad to get direct answer from you..

which trading signal do you like the most Mr. Song?

when is SSI trading signal is effective to use?

thx you,

God Bless You.


best regards,

ozzy manoach
surabaya, indonesia

Hi,
I would like to find out the amount of retail trading activity (# of retail trades, for example per year) that occurs in the FX market. Ideally by region (US, Europe, etc) and by top brokers. By "region" I mean the domicile of the broker/trading platform that brokers the trade...unless there is another, more common definition of "region" in the FX market (maybe regions are defined by the country whose currency is being bought or sold).

Again, it is number of trades that I am after, as opposed to $ value of trades.

Is there a good source for this information, or are there common estimates that are used?

Thank you for any information!

Hey Ozzy,
Well I don't have a single trading signal that I like in particular, but they have become very useful in specific market conditions. As for the SSI, here's a description that will help you to better understand the tool.

The FXCM SSI is based on proprietary customer flow information and is designed to recognize price trend breaks and reversals in the four most popularly traded currency pairs. The absolute number of the ratio itself represents the amount by which longs exceed shorts or vice versa. For example if the EURUSD ratio is 2.55, long customer orders exceed short orders by a ratio of 2.55 to 1. Conceptually similar to contrarian analyses using the CFTC IMM open position data or COT Report, the SSI provides an alternative approach that is both more timely and accurate in forecasting currency price movement. The SSI is a contrarian indicator that tells you how the market is weighted and where the trend may head. More long positions don't necessary suggest more confidence in the direction of the current trend. In general, when traders start having adverse movements against their position, many tend to increase the size of their position with the purpose to average down their entry price in one last attempt to recover from previous losses. However, the higher the number of short orders in a bull market the more dangerous is to take additional shorts because many of those traders who just entered the markets are also leaving their protective stop losses just above the current price action.

Hope this helps.

Hi JB and welcome to the forums. I am sorry to say that the proprietary information you are looking for will most likely be difficult to find, and for to the obvious reasons, we are NOT allowed to give out any personal or individual information about clients at FXCM. However, our SSI report could offer some better insight on retail forex traders, and you can find the report here. Hope this helps.

What will happen if the world powers move us to a one world currency. It has already been suggested by a few countries and with the government taking over banks what could stop them.

Is it possible that there would still be some sort of trading block credits that someone could trade against? or Eventhough eveything would be relative to one currency would you still be able to bet on the value of different regions?

They tried a similar system back in the day after WWII, it was called the Bretton woods system (look it up in wikipedia). Essentially it meant that all currencies were pegged to the US dollar - creating an artificial whole world currency. The scheme failed once different countries experienced different inflation and growth rates i.e. they couldn't influence monetary policy in order to stimulate growth or calm inflation.

He is correct. The Bretton Woods system was an attempt to make a similar currency for a number of industrialized economies backed by a gold standard. Problems quickly arose from this system and they had only a relatively few economies within the system.

The issues are similar to (but exaggerated considerably) what the European Monetary Unit has experienced. In Europe, the economies are very different and monetary policy has to be sweeping to be effective; but that leaves situations like Italy's economic pain (they used to manipulate the currency to alleviate pressure there) while Germany is booming.

With a monetary unit comes a lot of politics. The EMU system is far from perfect (you constantly here politicians demand their country breaking from the accord), but at least their regional economy can be coordinated relatively well. If you get into mixing different regions, their differences are just too great to even consider this.

__________________
John Kicklighter is the author of Dynamic Carry Trade Basket, Watch What The Fed Watches, and Forex Trading Weekly Forecast on DailyFX.com

Thanks for info. I hope they don't try it again and I hope it isn't a topic of the G20 discussions.

I read the difinition of SSI? But I still can not understand the last sentance: " the higher the number of short orders in a bull market the more dangerous is to take additional shorts because many of those traders who just entered the markets are also leaving their protective stop losses just above the current price action", my thought is the more shot trade, the less buy, the trend should be going down again. Can anyone give me some clear ideas? thanks

How often is the "Technical Analysis" page updated on daily fx plus? Which company suplies these reports?

can any one explain how to read the trading signal provided in dailyfx? The trading signal i mean is, the one where it auto enter the order and so on... but i having problem to understand those , styles like momemtum, breakout and etc... can some one explain the entire stuff in that signal page? thanks

Can someone explain to me why my pip spread is so big? Today i made a gain of 200 pips and i was still down by 64 pips because of the spread? What happened to ''spreads as low as 1 pip''? Im still trading on a demo account but the lowest spread ive had so far is 25 pips.I can make alot of money doing this but if spreads are starting me off in debt 100-200 pips then its near impossible to claw my way back.Can anyone shed some light? Thanks.....

I've added a screenshot in the hope you could make me understand this better.

The question is on the picture, but could you tell me where i can find a total explaination of that page.

Thank you
Pagan

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