Best Thread FXCM/DailyFX Signals and Strategies

[Jason Rogers]

The FXCM Apps team has released a new directional volume indicator for the Trading Station Desktop platform. The indicator is already in the mobile app and you can install it direction into Trading Station Desktop if you want to access it before the next Trading Station update.

Here's a look at the EUR/USD volume on the news of the ECB proposing QE of 50 billion euros per month through 2016. Directional volume was skewed towards the short side, and the indicator will give you insight as to which way volume is flowing.

Here's where you can download the indicator ahead of tomorrow's ECB meeting http://www.fxcmapps.com/trading-station/directional-real-volume/

 

[Pat494]

Is there some reason my FXCM demo MT4 won't take any orders ?

 

[Wicked_Daddy]

The FXCM Apps team has released a new directional volume indicator for the Trading Station Desktop platform. The indicator is already in the mobile app and you can install it direction into Trading Station Desktop if you want to access it before the next Trading Station update.

Here's a look at the EUR/USD volume on the news of the ECB proposing QE of 50 billion euros per month through 2016. Directional volume was skewed towards the short side, and the indicator will give you insight as to which way volume is flowing.

Here's where you can download the indicator ahead of tomorrow's ECB meeting http://www.fxcmapps.com/trading-station/directional-real-volume/

So as with SSI, does this indicator provide a contrary signal? More shorts = take a long position? Please explain - It is now Noon EST and the 9:40 move up has regressed fully. I short traded it on the downward slope but I'm still interested what this indicator was supposed to signal.
Thanks!

 

[Jason Rogers]

Is there some reason my FXCM demo MT4 won't take any orders ?

Hi Pat,

Our tech support team didn't report any issues yesterday, but our support team is available by live chat or phone if you ever need to check in real time. That will be the fastest method to get an update.

Jason

 

[Jason Rogers]

So as with SSI, does this indicator provide a contrary signal? More shorts = take a long position? Please explain - It is now Noon EST and the 9:40 move up has regressed fully. I short traded it on the downward slope but I'm still interested what this indicator was supposed to signal.
Thanks!

Hi WD,

SSI shows you overall positioning whereas directional volume won't give you the same cumulative view. So while I see where you're coming from, it won't give you the same insight. However, it still gives you a key insight into which direction retail volume is flowing if you want to use it for a contrarian view.

Maybe we will also have real-time SSI at some point :whistling

 

[Jason Rogers]

EUR/AUD Trend Line

A big long term trend line to watch in EUR/AUD pointed out by Jeremy Wagner of DailyFX. Here's his chart:

 

[Jason Rogers]

EUR/USD Downside Targets Remain Favored- 1.1300 in Focus

 

[Jason Rogers]

Strategy Video: Will NFPs and the RBA Move Markets More than the FOMC?

Past performance is not necessarily indicative of future results.

 

[Jason Rogers]

Aussie Dollar Declines After RBA Cuts Rates by 25 Basis Points

The Australian Dollar declined over 1.6 percent versus the US Dollar after the Reserve Bank cut rates by 25 basis points. Economists were expecting the bank to keep rates unchanged at 2.50 percent.

Past performance is not necessarily indicative of future results.​

Directional Real Volume (DRV) shows that selling volume exceeded buying volume by a factor of 2 to 1 at the time of the announcement. DRV is one of 5 new real volume indicators are available for free on the latest version of Trading Station Desktop.

 

[karmit]

All this is good Jason... but you really need to add "Negative Balance Protection" to your service for people to retain/open an account with you anymore - like most top brokers are doing/ have done.

Everything else is secondary.

 

[Jason Rogers]

AUD/USD - Yesterday’s Key Reversal Could Speak Volumes

Yesterday’s key reversal day in AUD/USD on massive volume* (the highest volume day since June of 2013) has brought into question whether it has found some type of bottom or not.

Past performance is not necessarily indicative of future results.​

The low of yesterday came at the under-side of a multi-month channel, and dialing in a bit closer (4-hr time-frame) we can see an inverse ‘Head-and-shoulders’ pattern under development.

On a break of yesterday’s high (7852), the next area of significant resistance comes in between 8000-8100 (Pivot low last month/upper-channel line).

_

* Real Volume is one of 5 new volume indicators available for free on the latest version of Trading Station Desktop.

Past performance is not necessarily indicative of future results.​

If you already have this platform on your computer, it will automatically update to the latest version after this weekend. However, you can download the latest version now from our website.

 

[Jason Rogers]

Seismic Shift in Forex Positions Warns of Euro Gains, Dollar Losses

The Speculative Sentiment Index (SSI) is reported every Thursday at DailyFX.com and twice every trading day inside DailyFXplus.com. A substantial shift in retail FX trader sentiment warns that the US Dollar may have set an important top.

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Past performance is not necessarily indicative of future results.​

DailyFX Quantitative Strategist David Rodriguez discusses the currencies and potential trades he's watching.

 

[Jason Rogers]

Lack Of Volume Favors The Dollar Post-NFP

DailyFX Senior Currency Strategist Kristian Kerr uses the new Real Volume* indicator on Trading Station Desktop in his latest Price & Time analysis:

Daily Volume Chart: EUR/USD recovers on weak volume

• EUR/USD has rallied steadily from the 11-year low recorded late last month
• Declining volume during the recent rise suggests the advance is likely only corrective
• A modest push higher in daily OBV levels also favors an eventual downside resumption
• A close above 1.1525 on above average volume will keep focus higher

Daily Volume Chart: USD/JPY consolidation sees diminishing turnover

• USD/JPY remains in consolidation mode below 122.00
• Decline in volume since early December suggests action since then is likely only corrective
• However, the persistent decline in daily OBV over past few weeks is a warning sign that a deeper decline may be unfolding
• A close under 116.35 on above average volume would turn us negative on the exchange rate

* Real Volume is one of 5 new volume indicators available for free on the latest version of Trading Station Desktop which will go live after trading closes for the weekend this Friday at 5pm New York Time. After that, your platform will update automatically the next time you log into it. If you do not have Trading Station Desktop yet, you can download it for free at FXCM.com

 

[Jason Rogers]

EURJPY Looking For Higher Ground

By Paul Robinson of DailyFX


- EURJPY maintaining an upward bias (trend support) since capitulation lows
- Triangle on 4-hr time-frame
- Targeting 13700 - 13760 on a break above top-side trend-line

Past performance is not indicative of future results.​

 

[Jason Rogers]

EUR/USD traders remain net short ahead of tomorrow's emergency meeting of eurozone finance ministers.

David Song gives his outlook on the EUR/USD and USD/JPY ahead of the EU meeting.

 

[Jason Rogers]

The US Dollar seems to be gaining some momentum as the Dow Jones FXCM US Dollar Index is setting a new 11-year high, and the outcome of today's EU meeting regarding Greece could prove important to whether we see a break higher.

*Past performance is not indicative of future success

 

[Jason Rogers]

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Past performance is not necessarily indicative of future results.​

Sharp shifts in forex trader sentiment warn that the US Dollar is likely to offer range-trading opportunities versus the Euro and Yen.

The Speculative Sentiment Index (SSI) is reported every Thursday at DailyFX.com and twice every trading day inside DailyFXplus.com

 

[Jason Rogers]

Retail Crowd Remains Net-Short EUR/USD- GBP Retains Bullish Momentum

 

[Jason Rogers]

FXCM Open House 2015 – Try Our Best Trading Tools for Free

FXCM is hosting an Open House for a limited time so that you can test our best products and resources for yourself with no commitment at all. We want you to see the advantages of being with FXCM, and we’re going to do that by letting you test-drive our most popular trading resources for yourself.


For a limited time you will have access to:

FXCM Apps: This limited-time access period includes $500 in App Store credit for FXCM-created applications, strategies and programs at the FXCMApps store. You can use this store credit right now.​

Premium products from DailyFX including:

360° Course: The 360° program is a full educational curriculum that emphasizes ‘probability-based trading’ using data from the DailyFX Traits of Successful Traders research series. The course includes a curriculum that teaches traders to simplify fundamental and technical analysis while keeping an eye on the all-important factor of risk management.

DailyFX on Demand – The Ultimate Trading Room: This includes access to four market sessions per day covering the most active periods in the market which an analyst, instructor or strategist will cover economic announcements, data prints and price movements as they happen. DailyFX on Demand also includes access to Real-time SSI and bank research through the live sessions.

DailyFX PLUS: This is the client portal for DailyFX.com where we offer our On-Demand video course, The Live Classroom and the DailyFX PLUS Trading Signals. This portion of the website has grown massively in recent years, and can bring value to traders in a multitude of different ways.
​

Visit DailyFX.com for details on how to access these trading tools for free.

 

[Jason Rogers]

Managing Euro Risk Ahead of the Weekend

In light of the emergency Eurogroup meeting surrounding Greece's, please be aware of the risk for gapping over the weekend when trading opens on Sunday. We have seen multiple examples over the years of major market events occurring over the weekend such as the Cyprus bail-in in March of 2013 that caused major volatility at the start of trading. The current bailout arrangement for Greece expires on February 28 giving any rumors or announcements concerning Greece the potential to cause large amounts of volatility.

Be mindful of your Euro positions as we head into the weekend, managing that risk.

Here's a strategy video from John Kicklighter discussing EUR/USD and Greek events.