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  #339  
Old Sep 3, 2009 8:38am
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nick
 
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Quote:
Originally Posted by pipmutt View Post
Seriously, do you really believe certainty exists in this market?
I do! Certainty DOES exist. I know EXACTLY where my charts are headed everyday...

to the RIGHT haha. that was corny but it always cracks me up.

buttt to stay on topic...

i've been reading through this thread for a few days.. as it piqued my interest since I had been working on something along the lines of trading with the big boys. i'm superstitious about sharing a trading edge until its actually made me some $.. and i'm still demo'ing this strategy as i demo everything before i add it to my live trading plan. but its been working consistently so far this week.. and in my very rough backtesting it tested well. obviously a week of consistency is by far nothing to hang your hat on, but it does show that its worth trading(demo or live) to ascertain if its an edge or random luck so far.

all im doing is,

1. figure out where the big boys took action in the past(yesterday,last week, last month, whatever)
2. assume they'll take action there again (probability, not certainty)
3. figure out which direction they're likely taking(think of trader psychology.)
4. have a way of getting in with them that minimizes whipsaws(as there inevitably will be.. again, we're dealing w/ probability. notice the words "assume" and "likely" in my explanations)
5. have a money management plan to manage these trades to suck the most profit out and keep the losses relatively small

what im doing may not be one of the edges that sk was referring to, although i suspect it might be, but its definitely got potential to be an edge itself.
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Last edited Sep 3, 2009 8:54am
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  #349  
Old Sep 3, 2009 11:14am
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nick
 
Member Since Oct 2006
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Quote:
Originally Posted by Scotty B View Post
... I know that the futures data is significant, because guys like AlexS use it's volume data to trade profitably...
thanks scotty for mentioning him! i checked em out because of your post.. and he's pretty much doing the exact same thing i started doing and developing.. but he's been doing it longer so im starting to read his threads to help me fully develop my strategy alot quicker. thanks again!
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  #572  
Old Sep 21, 2009 7:26pm
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nick
 
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Originally Posted by LuboLabo View Post
Hi,

There's no way to have a true market depth, order book level 2, traded contract, time and sales etc... in forex spot, due to the OTC market structure, I think even with EBS or Reuters data feed.
A way can be using forex Futures data, since reflects spot price and is 5-10% of all forex market, and has market depth.

Lubo.
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  #696  
Old Sep 30, 2009 6:51pm
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nick
 
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Originally Posted by Sutts View Post
Lubo,

Thanks for your interesting posts. Quick question: Is there any way I could view time and sales data (the ticker) for FX Futures without first signing up with them? I'm just interested in watching the order flow for a while. I'm not talking about the market depth (order book) here, just want to see contract volume traded and price.

Thanks,

Dave
check the cme website.
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