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  #579  
Old Sep 21, 2009 11:54pm
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fxcm active trader has some sort of an orderbook they even have a video showing its advantage and how it can be used.

publicity of course.
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  #741  
Old Oct 25, 2009 6:22am
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Quote:
Originally Posted by daytrading View Post
This may sound discouraging but there is no edge in orderflow.

I have been working with banks for most of my professional career - and that is for more than twenty years.

DT I assume you mean to say "there's no edge in orderflow in fx trading"

Orderbook trading clearly works for exchange traded assests there's a trader by the name of Paul rotter who's made millions scalping the orderbook for more than 10 years. In fact in his interview he clearly states aspiring traders should learn to read the orderbook and I very much doubt he's unprofitable or lying it is possible of course but unlikely.

Over at TL this soultrader dude seems to swear by orderflow scalping at important price levels.

Of course both don't trade fx.

anyway from ur 20 year experience can u tell us what you've found to have an edge in the spot fx market?
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  #742  
Old Oct 25, 2009 6:32am
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Quote:
Originally Posted by slimcat View Post
Darkstar has spent 4000 hours figuring this out so it's not going to be easy is it, and quite rightly he's not going to show anyone as he has spent so much time perfecting his strategy.

But the information that I gather from reading his posts are:


he makes a lot of money.

First of all let me say no disrespect meant to anyone here and pardon my benevolent curiosity but just how exactly do you know that. Have you seen his statements? Or do you just take his word for it ......... there's nothing wrong in that but i was just curious how you know this.
thx
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