The trend has already been up since Nov' 10 in em hogs but today's limit up day was probably news from South Korea.
South Korea's Meat Import Association said that pork imports will be up 20% or more in 2011. South Korea has had serious problems containing foot and mouth disease among their...
Buying and selling happens - those 6 specific areas can be analysed on a tick chart, time chart, volume chart, ......etc.
That goes back to the OP question - use time or tick to identify the 6 areas?
Its a matter of reliability and trader preference on what data to use and what speed...
So how do you quantify buying and selling that is sufficient to make a rational decesion say in ES that trades millions and Pork Bellies that trades 10?
I could argue a stable environment is created by use of a daily bar or weekly bar which contains all the variables of time, ticks, volume, range & momentum.
In future do a bit of homework.
http://www.eurexchange.com/market/quotes/INT/FIX_en.html
However a data provider or broker may well use different symbols.
Here is something interesting - On the weekly chart you will notice that from November both DX and commodities having been rallying - convergence. Its not going to last long after close examination of movements of individual commodities like Gold/Silver & Currencies etc.
The red is Commodity...
You might want to look again. Just about every major currency that been gaining against the dollar has topped out if its priced in foreign currency i.e GBP/Euro/AUD/ etc and bottomed if priced in USD e.g JPY/CHF. The stronger currencies should be battering the USD like NZD/AUD/CAD/CHF but they...
Most, if not all, retail accounts trade directly against the broker/bucketshop - The broker/bucketshop groups the the trades and either deals or hegdes with a bank or major institution etc, so retail activity eventually filters thru.
The dollar is at a cross-roads, a major move imminent either way .
If it rallies from the range commodities rise will be checked.
If it collapses which is unlikely at the moment as there is insatiable appetite for $dollar assests currently with highest yeilds of any currency and in the...
Cheers buddy - at least now I know I will be dealing with a recommended and registered broker who won't cheat by front running my orders or taking the other side of my orders. My millions are safe - geez why didn't I think about that after 60 years trading and making millions in the market...
I have $30 million raised from $300 and have been trading for 60 years and I need advice from ETeers on how I should use my money, who is a good broker. Help anyone!!!!!!
You don't need to be in the know to be successful and you don't need any inside information. It doesn't matter what methods these so called powerful banks use. They cannot make a market move of any significance without others seeing it and joining the party. Here I'm not talking intraday about...
An edge is difficult to define - its infinite
First and foremost a trader needs a winning system - doesn't matter if its a scalping or position trading sytem or both. By system I don't mean just a mechanical system only it can be discretionary or reading the clouds every morning or random...