Does anyone know how to change the time period shown on your progress chart/graph in myfxbook? I would like to be able to see a graph of say the past month…rather than from when I started using myfxbook over a year ago. Any hints would be great, thanks.
Im not skratch, but I think you are looking at the cash chart… I did the same, while wondering why I can’t load OI…just check out the futures of the currency you want to check…
for example try symbol: B6H13 instead of b6y00
hope that helps.
(and In case Im wrong, I hope one of you guys will let me know;))
cheers
by the way… my limit short order at 1.3065 was triggered yesterday… and at BE
scaled out a quarter at +30
0.5% initial risk
edit: stopped at BE
too bad we dont know what the commercials are doing until friday;)
Lower low on USDX and lower high on eurusd, went short at 1.306, taken my 20 pip profit and moved SL to BE. Lets see what happens.
Update: Closed remainder off at 1.3015… thats an OTE long based on yesterday low/high fib. Usually when I see those key levels approaching I just take my profits and go.
Good stuff guys, keep at it! No trading for me this week, away on business 
(bloody work :p)
Interesting to see that key level 1.3060 coming into play again…
hmm damn SL triggered by 5 pips… and it seems to happen all the time;) but I feel so much more comfortable to move risk to BE at +30 pips instead of keeping initial risk… need to work this out eventually;)
if there is a 10 o clock OTE, Ill reenter the short as well
Sorry I guys I live in spain so I go to bed around 00 GMT hehehehe
Ummmm
In Bar chart I use the exact settings that I saw ICT use in one of his videos. I don’t remember which though but here are the settings: (Also, I read in a book by Larry Williams that we should use the weekly chart for COT Data because we are looking at L/T trends so I don’t even bother with the daily charts when considering Open Interest and COT)
BARCHART.COM SETTINGS
Select
British Pound (Or whatever)
B6H13 (currently the closest 3 month future contract which is the most liquid futures contract, this is why we use this one, I also keep an eye on the 3 month LIBOR and 3 month T-Bill spread which I’ve spoken about, but always if you want a quick indicator look at the 3 month) The information for COT Reports is released weekly from the CFTC directly for these contracts.
Frequency: Weekly Nearest
Time Period: 1 Year (I use one year)
Volume: Contract Volume (To show Open Interest)
Add Study: Commitment of Traders Line Chart
And, if you’re lazy you can just go to this website, but it doesn’t chart it with price so you can’t easily make historical studies, that’s why barchart is awesome.
I’ look forward to keeping an eye on Open Interest with all of you now :D!!!
Keep an eye out for the AR low retest, that could be a nice spot for re-entry if price doesnt run back up 
(cant help myself, still looking at the charts periodically ;))
Some news @ 10:00 that may help volatility…
Good morning all.
Well that was a nice quick trade for 50pips:
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Short @ 1.3061, take profit 50 pips.
Reason for trade:
- SMT divergence against USDX
- Bonds rising when EUR/USD was also rising, apposite of what should be happening really.
- OTE
That will do for the day:cool:
MMMmm I’m also still learning so I can’t go that deep into this. If I get anything wrong here please correct me.
Open Interest is released by the CFTC weekly, every friday but is the data from 3 days ago (Tuesday) so it is not a current indicator.
Also the CME group releases Open Interest on a daily basis if you want more current data but it is still a day behind.
I use Open Interest and COT Report as long-term [B]sentiment indicators[/B], but then in my Trading Plan I still have to follow the rules of market structure.
This means that if market structure changes direction but Open Interest doesn’t drop, I can assume this is a false pullback. However, if MS begins to change and OI drops then this would be a confirmation. If open interest drops and MS continues down, I will be on the lookout for an inevitable change in market structure.
(I won’t get in the market because of the drop in OI, I will need price action to confirm)
Regarding the central bank, I.R./QE is very important, if you are interested I suggest you study some basic monetary policy, what are the three tools of monetary policy, etc. and then just watch and observe/take notes. That’s probably the best way to learn. IMO
=)!!!
BY THE WAY RETAIL SALES REPORT TODAY 12:30 GMT, THIS COULD BE WHAT THE MARKET IS LOOKING FOR FOR A CHANGE IN RISK SENTIMENT. Too bad I have class
Yeah i’m with you sKratch… Maybe an OTE long at 1.298 for eurusd? It would create divergence again, allow for a huge run. On the contrary maybe somewhere around 1.3045 for a short, don’t know…
I might do 0.5% risk trade if i’m still awake 
was eyeing the AR high instead… limit order untouched of course;)
No loss, made some money, whats not to like? 
At least you’re on the right side of the market!
1.3025 would have been nice reentry short on the Fiber. Its moving nicely
yes could be worse;)
however… for pretty much nailing the high yesterday I wouldn’t have been sad to make a bit more than the 0.1% I bagged;) hahahaha
but I’ll get there over time…
by the way… this week I am trying something I haven’t tried before…
I have set a limit sell order a few days ago for fibers 1.2940 level with a TP at 1.2880ish
I expect the stops below 1.2990 to be gunned and maybe even go down to 1.2960ish…
my reasoning behind my limit sell order at 40 is:
if it is merely a stop hunt, then I would expect price to NOT reach the 40 level and trigger my entry…
but if it it blasts through and triggers my entry… then I would argue the chances are price to reach down to the 1.2880ish level - if that ever happens I would have an automatic 60 pips…
of course there is the risk of a stophunt actually reaching down to my entry and then reversing… but for now 1% is worth it for me to find out the results of this little experiment;)
(I originally planned to set my entry a bit higher… around 50… but that might be a bit too close in case of a stop hunt…
lets see if we even get any lower;)
could this be the low?
stops gunned, key SR, usdx div…
ho wI wish I could have a glimpse of the commercial positions collected yesterday;)
Reasonable H&S pattern on the Fiber (15M TF).
I’d be targetting 1.2880 for the weekly range, cashing out either Thursday or Friday… Bearish MS, no indication of a reversal yet, lets see if 1.2955 breaks first
Spike down on US bond prices from 12.30 gmt - usdx reacted opposite way - not happening in Germany.
Option expiry at 3000 later today - may gravitate towards there for now. (forexlive site good for that type of news.)
Keeping a eye on those bond prices, possible shift ahead if continues.
Splat, there it goes!
Next target - 1.2880!
Thank you for taking the time to response SKratch.
I don’t know match about the OI but when I Google it, it sounds like what you had outline here so far is correct.
Yes, I agree that Central Bank, I.R./QE are important. Anything changes, specially the unexpected one, can change the market direction. I have been trading this for months and I have had a great result with it. I think this is my favorite so far :). I am researching how to do long term bias along with my short term. I will try everything I could and see which one it fits in my trading style, including the OI. Thanks!