Quote:
Originally Posted by Scotty B I've learned a heck of a lot and am still plugging away, but have not found whatever it is you do. You're a legend around here man, even on google itself. The essays you penned about spreads and the structuring of FX brokers is scattered all over the place. Anyways... |
It seems you haven't read the "practitioners point of views". (uuups, sorry, it seems you have...and you liked it too

....was saying that because the "essays" you referred to were somewhat extractions from the book, if i remember correctly

...damn, maybe i'm just full of it

)
Quote:
Originally Posted by Scotty B I am of the mindset that if I keep studying and quit asking for the answers that I'll 'make it.' Gaston said a couple of times that he made it by way of a curious mind and the ability to ask the right questions. I like that and I am inclined to beleive him.
Don't get me wrong though, I belevie I have found some very curious and peculiar things, but I wouldn't put 12.5% of my account on any of it. What you shared here a while back as this thread was winding down was mostly [b][u][color=Red]criteria that most of us would not be able to pull... |
i believe you're definitely right when it comes to order flow and its availability to the public and that it's a major advantage to the player who has it. And why wouldn't it be when you thing about the general principle of markets: if you expect to win someone has to lose.
Don't get me wrong thinking that: "if i could just get my hands on it...". When you throw the info to a total noob with no market knowledge nor experience he/she could do nothing with it. Furthermore, THERE ARE publicly available so called "order flow reports" out there but that's for gauging the bigger picture not trading the daily "noise". You still have to understand who and why are trading (moving) the markets. (heh, easy for me to say, this subject gets me confused too, but i am working desperately day in and out to figure at least something out.)
Also, I don't know if it's just me but the more i trade the more i feel the pchycological side of trading. And not the pchycology you hear in the media where thousands of books are sold saying you must have a winning attitude and blablabla. For me, it has solely come from experience. If you have blown up your account you get the feeling. If you keep adding to a loser waiting for the market to turn YOU GET THE FEELING. No matter what the books say you don't know what it's like to be pregnant and have a baby if you are a dude

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With order flow you don't bet on the mathematical probability of market movement you literally have a REASON to buy or sell at a certain level. Those are the reasons I'm after.
Given the above you could profit handsomely having a risk adjusted position.
It seems Darkstar has both, the resources as well the ability. You could do (i believe) without the resources but not without the other. Coupled with the ability to understand the fundamentals and the economy as a whole and knowing how to put fundamental value together with market value - and you have yourself a trader.
Anyways, it's great to have you around again Darkstar and thanks for posting and yes, i am still interested in the subject
