Confident trading Al Mendez (Chief)
How To Interpret These Graphs Position Ratios—Shows the percentage of open positions held for each of the major currency pairs. For each pair, the percentage represents the total open positions (both long and short) relative to the total number of positions held for all the major currency pairs. Note that the percentages always add up to 100%, even though minor currency pairs are not included in the calculations.
Long-Short Ratios—Shows the ratio of long vs. short positions for each of the major currency pairs. The left percentage shows long positions; the right percentage shows short positions.
Open Orders: A snapshot of the trigger points for all open orders held by OANDA clients (meaning limit orders and Stop/Loss or Take/Profit orders on open trades). This information could be interpreted as an indicator of the client price expectations that are contributing to natural resistance and support levels .
The graph is divided into quadrants showing whether orders are Buy vs. Sell and also whether trigger price points are below or above the market price at the time the snapshot was taken. Number of orders at each price level is shown as a percentage of the maximum number of all open orders (both buy and sell) during the past 24 hours.
Open Positions: A snapshot of the entry prices for all open positions currently held by OANDA’s clients. This information could be interpreted as an indicator of market reaction to price changes and the pressure on prices due to unrealized profit and loss.
The graph is divided into quadrants showing whether positions are long or short and also whether entry price points are below or above the market price at the time the snapshot was taken. Number of positions at each price level is shown as a percentage of the maximum number of all open positions during the past 24 hours.
No comments:
Post a Comment