AUTOREFRESH 
I need a favor
By Jamie Coleman || March 13, 2010 at 15:38 GMT
|| 55 comments || Add comment
I’m doing a talk in a couple of weeks and my topic is how a site like ForexLive, with its mix of technical and fundamental analysis, flow information, orders, central bank activity and interpretation of news events helps the average individual trader.
If any of you have an example of how the site helped you initiate a trade or avoid some common pitfalls, I would be very grateful if you could let me know a few examples to help shape my speech.
Thanks in advance!
Have a dry weekend all 
Hi Jamie,
I thought i would put down a few lines as your commnents have really helped me and this is one way i could shouw my appreciation.
The best thing about your comments is the fact that the language is simple and i think that is a big plus as a majority of retail traders do not have a background in finance.
I follow your comments through my rss reader and i do keep them in mind while intiating or getting out of a trade.
Thank you and keep up the good work
Carlos
I sent you guys a email yesterday or the day before about how I really like your market order summary! Gerry’s post about soveriegn sell interest in eur/usd at 1.38 was spot on! It capped fridays rally
I’m still curious as to what/who/where your source is as I trade pairs that your guys market oder summary doesn’t cover, and I would like to have that same kind of information/resource for those pairs.
Finding ForexLive amongst all the other news sites was like finding a platform that finally offered “Level II.” I often wonder how I functioned without it before. Plus, it’s “alive” 24/5 . The way you all “take shifts” is great, it’s reliable and regular. The accessibility is the most important I must say, to be able to speak with people so experienced is priceless. Throw in humor and a great collection of “regulars,” and it really is hard to beat. I’m sure there are some good sites out there, but I haven’t found any that offer all this.
The total package thing is the key. People discover the site for free timely news and order info, and then get hooked by the personalities and ideas of all participants.
i salute yr commentary. i suggest if you could use simple english or shall i say straight forward words which we traders around the globe can easily understand.
thks again jamie
Hi Jamie: The trader insight received from Sean regarding where the stops and option barriers lie are quite helpful especially if I am ready to enter a trade…It makes me pause and reconsider a trade. Also, your insight how the trends may develop or reverse are invaluable. I am most amused and share many of your biases regarding your assessments of economic, political, and financial caricatures…Of course Gerry is an invaluable correspondent and a treasure trove of capricious anomalies.
I’ve been following the site since you guys were with Reuters and I must admit it’s now a fully integrated part of my trading. I work shifts full-time so I more or less use the site 24hrs. I really enjoy the fundies as well as the technical analysis and opinions, the links to various sites for fundamental news is also very useful. Last but not least the sense of humour and somewhat witty comments (especially about politicians) just add to the mix. Thanks all.
Adam
A concrete example. Recent comments regarding cable on forexlive.com had persuaded me to stay in a cable trade a little longer. Currently +212 pips on demo account. This said reveals a not well defined exit strategy on my side, a thing I’m working on right now. In real conditions any positive information would certainly be of much help on the psychological side. Good work!
Jamie, having Sean up and at his desk before trading out of HK or Tokyo opens up is a god-send (at least, for those of us who live/trade in Asia). He is one of the (very few) professional people around – in my opinion – that truly understands “the new normal” relationship of Australia’s economy and China’s economy (and what this means for AUD-related funding flows, on a day-to-day operating basis). (Now, if I could only convince him that during the next 30 days, he could make more money playing off of velocity changes in the CAD, rather than the AUD, Sean might be able to leave his position as a “god-send” and move onto “god”!)
just take a small water bottle with you, spiked 50% with gin and let’er rip
Info about Stops, option plays, fixing times, double tops-bttms and the input from followers plus yours , Gerry’s and Sean’s hands on experience shared with all of us. Nobody else has it!!!
Allmost forgot: blackbox warnings especially on Fridays.
Jamie, the technical graphs and explanations you display are great, so is the info that Sean gives around 7pm eastern concerning the order books. Genreal info on any option barriers, no-touches, etc. are great helps.
Plus, it’s “LIVE.” Was it the SNB? Fat fingers? CB’s? Model funds? Etc…
It allows us to “stand on the shoulders of giants.” (Ok I’m done!)
Pure information is very helpfull and sometime help to decide, BUT never ever listen to what these guys say about their own trades or trades they wanna take or took, because they are often wrong, I am glad I didn’t follow their trades or personal opinions, personal forecasts of these guys are often wrong, but information of orders and other concentrated public info are very welcome and I often use it to decide on my own mind.
Hi, guys this site filled with your ‘live “market comments is become my daily guide in Forex land. got the link from a Australian mate and is for me the perfect mix of tech and funnymentals.
You all send over solid info with humour strait forward, what gives me a good view on the market movements, lined up stops and actions of bigger players.
keep up the good work please..
thanks from France
the way you guys combine the fondamental and the technical analysis is just amazing, the idea of creating such useful site is just like providing to the humanity a formula in maths or phisichs can light the road of millions of the engineers in the world, you guys light the road of traders….
FOREXLIVE.com is my first site , side by side with my plattform….
i take maybe 95% of the central orders you say about, 85% of it is so profitable….
for is a huge rate, shauld be high respected……
i used to ask a question to Jamie , Gerry, and Saen, all the times I’ve got a good answers and in a very short time…..
thank you all….
Hi Jamie, what works well with the site for newbies like myself are many things; it’s global, many of the posts are knowledgeable and to the point, the language is authentic, there are some nuggets of gold among the hard-to-decipher stuff, and overall it let’s me see the pip count that can be had with the wisdom of patience, organisation, and dedication to detail – it seems that the simple strategies work best, notwithstanding the down side risks. And having followed the site for a 6-7 weeks on a daily basis, you can see how the best laid plans just have that nature to go tits up in among it all – when the call was right but the timing missed – after all who knows how the crystal ball works?
What is a bit discerning about you going to a conference is that site may well get swamped as a result of its success and ultimately get filled with fluff, so my tuppenceworth is keep keeping it simple (if it isnt broke then no need to fix it)
you can easily be addicted to the site and go and launch forexlive before your own forex platform…
I still don’t understand how this awesome site can be free… and how all the editors work so hard on it. Congratulations.
you see? I’m addicted… entering here on saturday night…
Hi Jamie, If I can summarize my experience in points, here is what I have to say about your site:::
- After having lost 1 months’ salary in forex without no prior knowledge of how market moves, I now understand terms and scenarios like “stop-hut”, “buy the rumor, sell the news”, SL orders execution and so on. This has definitely helped me from bad trades.
- Most friendly and approachable members in Sean, Gerry and yourself with absolutely NO COMMERCIAL interest. You guys are willing to help an average trader like myself from making common and stupid mistakes.
- Major S/R lines on our charts usually vary depending on what tools we use and how we read your charts. By providing most accurate S/R levels (along with market flow information) you definitely help us TP at right levels or get out of bad trades with minimum loss. For example, my E/J trade on Friday where I didn’t know what major level was after 125.23.
- Great networking opportunities with experienced traders who follow this site and are willing to help newbies like myself. Special mention to Bear and Solagne.
- I live in Sydney so often have not much insight into how UK parliament make-up will affect GBP or how Fed members nomination would affect USD. So having that information is absolutely priceless.
- Simple English which helps people like myself for who English is not the first language.
Suggestion:::
Maybe having a flicker on the website which shows Breaking news rather than us having to refresh the page. Example: The fed’s move to hike rates, etc.
Thanks very very much and I wish you all the very best in climbing new heights and continue fellow traders.
this site is great as it helps to set the intra day levels for short term traders. certain days u get up thinking that u really need to buy eur as it cannot fall anymore. before u cld hit the buy button 60 is taken and then 70, 80 etc. u know the story. so wat do u do? do u chase the mkt. often or not most of us have chased the mkt only to buy at the high. ur site is great coz it allows us to be wary of the tops/bottoms etc
My analysis in equities was a mix of t/a and fundies…yet something was always missing and things never really made sense. I found your site and you guys have been my FX teachers in this great classroom. Since last year I have been using FX analysis that I find here to apply it to stock positions…imho if you are in any of the commodity plays you need to follow the Oz and Kiwi…the action in the Eur/USD cross that you pointed out last week was so important cuz the Algo’s have been following the pair and that run up Thursday was in a direct relationship to it. In fact, I post on Jim Cramers Real Money Blog every day and I talk about this site all the time and stress the FX/Equities connection for months and months over there……reading what the ECB is doing plays so much in how the market moves besides the FX etfs which is how I play the FX.
Hi,
Forexlive has helped me immensely in my trade so far. More in terms of limiting my losses which is the biggest part in dealing with forex trade. Their round the cock update of the buy orders, sell ordered, technical analysis at different levels is atleast 90%accurate which helps not only to make a profitable trade but also limit losses when they are not accurate that other 10%. I believe their feedback to the questions posted by me has helped me constantly towards improving my trading skills. Jamie, Sean, Gerry are incredible. 2 examples I can think at this point of the many were recently on EUR/USD take by Jamie and AUD/USD take by Sean. Though the pairs in downtrend, Support and pull back rallies they suggested where spot on. I usually trade with trend but what helped me was not to enter a short trade on those pairs and that avoided my losses. Thanks to forexlive team. We appreciate this a lot.
I should start from the Asia, I love Sean’s technical analysis fueled with a good deal of info about orders and trading ideas…He reads all the comments made by readers of diverse experiences, from Hatchling amateur to fully-fledged pros, and answers all of them with patience and respect, and he’s 105% correct on all his analytics. Then Gerry comes like a man who sees a couple of hours later and posts accurate info on market orders, with a great sense of humour. Due to timezone restrictions, Gerry is the only guy who I can read all of his posts and I really appreciate his effort…Then it’s your turn Jamie, posting the Order Central (my beloved!!!) which is an essential tool for every retail trader. PRECISE is the word which I can describe all of your posts and ideas…I really like you to add more to the technical side of your posts, and keep up all the humor amd flavor of the site…(And Jamie, you should be a bit more patient to the comments…let people post whatever they like…just kidding!)
hi jamie,
my conclusion to you and your mate in livefx is awesome
possibly a little of touch like major term/short term trends analysis [technically] will make this site the best ..
thks again
may god bless u guys
Hi Jamie,
As usual, I take the op. tu congratulate you, Gerry and Sean for the service you provide. You make a great team and I like how you three manage to keep the site alive around the clock. In a larger organisation it would surely take 20 or 30 people hanging about.
From my perspective, I can see interesting stuff for short traders with the order books info you provide, but as I am not one of them I really dont keep much attention to those. Instead, I lke the wrap ups as a summary of what has been going on while I have been away and overall the posts and comments help me to shape up my medium/long term trading plan. Gerry’s cherry picking on the, mainly UK, press is great too.
I agree with the previous comment that I would prefer more tech info, but thats just my view. I get that from other sites at the mo’ anyway.
One final thing, a bit offtopic, but I think it would be great if you could add other advertisers as well as FXDD to the site. I have no opportunity to contribute buying from advertisers of your site because there is just one and dont need their service for the time being but if there were others I would be more likely to clickthrough or purchase if they provide services of my interest.
Cheers!
The order central is a part of my key decissions before making a trade.
Also good to hear when Russia, ACB, or China or any other fund like is buying or selling. Great information. Always look out when Russia is in the makret together with ACB.
I love the humor and the highlighted articles the regulars point me to. Since I’m still rather new to the forex, comparing reported S/R lines/areas, patterns, etc., helps me learn and/or helps me make course corrections in my analysis — and sometimes even confirm my own as I learn! One of the more helpful comments I see are when gathering stops, buy/sell interest, and other things that come from other than a chart or news feeds. I love the fact that it is truly a world-wide community of participants, so I can see other viewpoints of the US market and local viewpoints of other markets. And everyone, both forexlive commentators and the other participants, are willing to help so very positively. ForexLive isn’t the only site I watch, but is by far the one I most commonly visit.
It was all Greek to me …
For years I’ve been stumped by price action near what is often termed ‘key technical levels’ and it wasn’t until FX Hub/forexlive.com that I understood the powerful options structures at play in the market around these figures which has lead me to incorporate an options calendar into my trading, something I would have never thought to incorporate into trading the forex market prior to reading forexlive.com. That is but one example and in essence, forexlive.com is a trader’s forex market Babel Fish.
I think that your site offers a great deal on various levels to a wide array of traders, be they newbies or fulltime experienced traders.
For new traders to forex, your ability to simplify political and economic data and explain probable impact on price and trend in simple language is invaluable. As is the impact on the market of various flows – fixes, end of fin year, end of month balancing, etc – Orders and option levals.
For experienced traders it is always helpfull to have a reminder of various factors that one may have overlooked when looking for an entry or exit.
Most of all, speaking personally, trading full time is a terribly lonely experience at times and for me this is where the community of traders that has developed from ForexLive has helped inmeasurably in my day to day trading.
The commentary is timely, insightfull and at times amusing as are the comments from community members. I have found it is always better to have a few differing views of what is happenning as one can always fall in love with a trade and fail to see a reversal developing…
I must say thankyou to Cheg for his insights on the bond markets..
Jaime, you have assembled a great group inbetween Sean, Gerry and yourself… your experience shines thru in your content, commentary and technical analysis. Congratulations to you all..
“Some forex sites do technical analysis and some sites do fundamental analysis, but ONLY forexlive.com provides a comprehensive analysis of the forex markets that is informed by accurate current dealer levels of bids and offers and is filtered by decades of practical expertise. Jamie, Sean and Gerry are great guys and they provide a great service to the currency market.”
Jamie you and the staff deserve more than favors for all the great work you guys do. Keep up the good work! May Gerry, Jamie and Sean, be payed back with some really great trades for helping all who they do worldwide!
it’s the level of information, retail traders have no way of accessing this kind of info and we’re sitting ducks without it. forexlive has become the only site I use all the time. I can catch up with what’s happened in the market rather quickly by reading the posts, and have a good idea what to watch out for in the future. you guys have taught me not only how to trade, but how to NOT trade. a major plus is how fast everything get posted on here, it’s great! thanks to jamie, gerry, sean and everyone else who contributes.
As many have said the biggest part is assistance in knowing where the orders are which we cant normally see. It helps level the playing field a little bit. Would be real good to get orders on a few more pairs, but I assume that may involve nagging your contacts a bit too much and they may get upset
Also very useful to know about various flows that we might otherwise not know about (things like japanese year end flows etc which have made me nervous going long on ay yen cross for the next 2 weeks)
I do not use information from this side for trading positions, nor would i recommend it to anybody. That said i cherrish the information and real time nuggets of technical and macro forex wisdom coming from these guys. They really do know what they are talking about. For me nothing in particular stands out, but rather a mix of information covering the entire forex universe and presented in a passionate way.
One more main thing I use it for is to find out why a sudden move has happened. The information is usually posted here very quickly and its useful to know why something has just jumped, you cant get that sort of information from the likes of reuters, and if you do its certainly not within a minute or two of it happening.
FOREXLIVE OFFERS DATA THAT I PAY OTHER SITES FOR SIMILAR INFO. ESPECIALLY IMPORTANT ARE THE CENTRAL BANK’S, BIS AND SOVEREIGN ACTIVITIES AND INTEREST. THE TECHNICALS EVERY TRADER SHOULD KNOW BUT YOUR REMINDERS MAKE THEM FOOLPROOF AND HARD TO FORGET.
I WOULD BE HAPPY TO SWITCH MY OTHER PAID SITES TO YOURS IF FOREXLIVE EVER BECOMES A SUBSCRIPTION SERVICE. YOUR SERVICE IS COMPREHENSIVE AND IN MAY CASES SUPERIOR TO OTHERS.
Q/A time Who is the larger AUD trade partner. CNY or JPY.
Come on Sean be a market maker. I’ve told many friends about your site. Share your wisdom. Tell Jamie the same thing when he gives his speech. You are both very knowledgeable. Share it!
Aside from all the usual good things about FXLive, which Jamie has already covered in the preamble to his request …
Couple of points – also been following you since the Hub, JC, and as Blackday already mentioned, options structures were a revelation to me too. But that brings me to another factette – it was Blackday who explained them (and lots more besides over the years, at unflagging length) to me. That’s it – the bonus of a good site is finding someone you trust, so bumping into someone I already knew is nothing short of a donkey’s nightmare
Taken me a while to find this post, being Sunday night ‘n all.
http://www.forexlive.com/86063/all/eurusd-attacking-1-3500-after-discount-rate-hike/comment-page-1#comment-33319
In recent memory, this is the one for me.
It could’ve been any of the three of you, (and Sean and Gerry echoed the sentiment later) but it happened during JC’s watch.
The Fed move seemingly came from nowhere, but it didn’t really.
The reaction, as Jamie was soooo quick to point out, was BS.
I don’t often use stops (naughty girl) and I didn’t have any at the time.
I was long. And I didn’t panic
So, the market tested the [euro] lows a couple of times since then, but nothing grave
Personally, guys – I’d take offence at the babblefish analogy
Ήταν όλα τα ελληνικά σε με…
Well spoken lilac. That was then this is now.
Anyone think xau (gold retests feb. 24-25 1085) soon
Looks likely on the /YG Daily, Hart.
4 reasons for using forexlive.com
1) Insider Info (priceless!)
2) Comentary from editors
3) Comments from users
4) Have set my homepage on forexlive
JR I’m not sure your double hammer is completely right. How ever I do agree with the double top and low momentum. I think AUD is ——?
Hey Hart, I’d fill in the AUD blank by saying… “a good buy on the dips,” whereas EUR is a good sell on the rallies… We’re in a commodities super-cycle so imo the best way to play the upside is AUD… I got in at .894 and have kept about half the position. Then I might execute the “sell in may and then go away” strategy after earnings season… S&P has been up about 12 days in a row- what are the odds it (and the risk pairs) be up again today. Probably 50/50… But one of these days we are going to retrace the whole move up from 1044. Probably 38% worth, or at least down to the gap at 1025. By the way, what was my double hammer on- cable?
Nope AUD and I am buying dipps. Don’t buy EUR. S&P has been flat for 4 days. Earnings 2 weeks away for tier 2-3 cos. I think you meant inverted hammer on 2nd bounce. No biggie. I enjoy learning JR. Your advise is welcome.
I am a technical trader. Although I have a reuters terminal, I mainly use Forexlive for realtime news/info. I find that this site is the best suited for my style of trading. I do not rely on news to make my trades, but the information which you publish is priceless.
Kudos to the whole team in keeping the spirit and enthusiasm alive! All the best to you all!
Thanks to all for your feedback. I was able to extract a few themes that will shape my talk. Much appreciated.
Can we request a post-presentation transcript?
Way late on this, but I heard your name dropped on the list of speakers as well, Sean. I just realized that an important part of this site is that you all understand many different trading styles. While you all may focus only on one yourself, you all seem to wrap your head around the multitude of approaches people confront you with quite easily. That and the site is very streamlined without all the flashy ads found elsewhere. Very easy to navigate. When the site ’streams’ it’ll be perfect
If it’s too late, hope that’ll help for the next talk anyone gives.
Thanks Zac, bit of positive encouragement is always welcome