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BigDK

Membre depuis Feb 10, 2016  2 messages BigDK Jan 12 2017 at 07:51
I did not find any search button here?
Where are the stats from 'outlook' explained?
E. g. average prices are great, but average of what?

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TiffanyK

Membre depuis Feb 12, 2016  427 messages Tiffany (TiffanyK) Jan 18 2017 at 16:06
What average prices do you mean? Please explain.

Accept the loss as experience
Xiantero

Membre depuis Apr 01, 2016  45 messages Xiantero Jan 18 2017 at 23:04
@BigDK not sure I got you right, but search button is almost at right-up corner, under your username and watches. Search itself is devided into categories such as users, systems, etc.

Here are a lot of users who connect their trading accounts and verify them, so that myfxbook takes data exactly from brokers' feed. Whether your system is private or public, you may or may not set 'show' option for the community outlook in your account settings. So this site gathers info from all connected accounts and displays trading statistics in the outlook. If I not mistaken, on forexfactory there is alike thing called trading sentiments. Average price of those set by active trading accounts connected to this service.

P.S. This all is just my vision of this as far as I sorted out how does myfxbook work. Hopefully Ethan will correct me if it is really not so.

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CrazyTrader

Membre depuis Nov 21, 2011  1712 messages CrazyTraderfx (CrazyTrader) Jan 19 2017 at 07:39
Average price of all buyers.

Let's say there are 2 people who are long on EurUSd... one guy bought 1.07 and other on 1.06
So average price Long is 1.05

It's funny to notice that on most of the pair... both side average is losing.

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CrazyTrader

Membre depuis Nov 21, 2011  1712 messages CrazyTraderfx (CrazyTrader) Jan 19 2017 at 08:10
average is 1.0650... sorry

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BigDK

Membre depuis Feb 10, 2016  2 messages BigDK Jan 19 2017 at 10:59
CrazyTrader posted:
Average price of all buyers.

Let's say there are 2 people who are long on EurUSd... one guy bought 1.07 and other on 1.06
So average price Long is 1.065

It's funny to notice that on most of the pair... both side average is losing.


AHA, that makes sense! But how could that help with my trading? Is somewhere explained, how to interpret all the stats and what to do with it? Examples?

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CrazyTrader

Membre depuis Nov 21, 2011  1712 messages CrazyTraderfx (CrazyTrader) Jan 19 2017 at 13:33
That kind of information is useful for contrarian traders.

Make your own research...

I'm contrarian trader. ^^

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janettte

Membre depuis Dec 17, 2015  30 messages janettte Jan 20 2017 at 13:59
BigDK posted:
AHA, that makes sense! But how could that help with my trading? Is somewhere explained, how to interpret all the stats and what to do with it? Examples?


In the account stats report for all of the metrics you can see tip boxes explaining how to read and understand them, if this is what you meant. This I find particularly useful as a feature by MFB.

Adribaasmet

Membre depuis Aug 27, 2017  739 messages Adribaasmet Jul 05 2018 at 06:01
BigDK posted:
I did not find any search button here?
Where are the stats from 'outlook' explained?
E. g. average prices are great, but average of what?


It’s just bottom of time frame on the right upper side.

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EURUSD 1.106 GBPUSD 1.31349
USDJPY 108.572 USDCAD 1.32552

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