The edge of a trader is his ability to exploit market inefficiencies. So your question comes down to what inefficiences do PA traders exploit? The example of pinbars was already explained by Darsktar - the inefficiences created by stop hunters. ...

Price action is dumb, and you're lazy for thinking otherwise

Some are changing, some are still there. What I said is that you can gain some basic idea about liquidity distribution, like a hundred times blurred JPEG. C'mon Emerald, I'm promoting price action trading here so you could take advantage of price ...

Price action is dumb, and you're lazy for thinking otherwise

Using price action as a method of entry/exit is ridiculous, You can't use a single variable to predict itself. Yes you can. Price movements are function of order flow and liquidity. While previous price action can hardly predict future order flow, ...

Price action is dumb, and you're lazy for thinking otherwise

(IFR) The Japanese said overnight that they will not pull the FX intervention trigger before the US debt ceiling is reached next week,... I could work in BOJ!

Order Flow - Achieving the mindset

The main purpose of most threads here is enterntainment. This one is no exception so it has definitely served its purpose.

Price action is dumb, and you're lazy for thinking otherwise

I use the button on Oanda fxTrade so it opens a webpage. Don't know why it doesn't work on my pc but it doesn't matter anyway now.

Order Flow - Achieving the mindset

image US regulator says that a US downgrade could affect the repo margin requirements. Even though the reference was to the trsy market and already covered by the ratings agencies last week, all things margined get clipped. Oil was already trading ...

Some notes

They are trying to pass the law to move their stop now.

How did 'rich' economies get so in debt?

Doh, Before I used to try to paste into reply window and it never worked. Turns out it works through notepad. Thanks.

Order Flow - Achieving the mindset

Guys, how do you copy text from Oanda java news feed?

Order Flow - Achieving the mindset

Yeah and one more thing. I think all this fuss with ratings downgrading is just agencies blackmailing the House. Once the ceiling is raised they'll shut up about downgrading. Just my crazy thought.

Order Flow - Achieving the mindset

Are you playing that M&A news on CHF/JPY that came out a couple of days ago? My buy limit wasn't reached so I cancelled it. Regarding intervention, I think both SNB and BOJ won't intervene now. They'll just wait for the good news about US debt ...

Order Flow - Achieving the mindset

Because in current situation CHF is a more safe-heaven currency than EURO and there's lots of CHF longs that will have to exit once the US debt issue is over.

Order Flow - Achieving the mindset

More than enough to keep on your bank account, unless if you trade through this bank.

French banks & potential Greek default

I was talking about government insurance like FDIC.

French banks & potential Greek default

Don't they have insurance for deposits in France?

French banks & potential Greek default

Yeah, my order was at 35 and I wasn't able to watch it. Anyway, the money doesn't matter, I'm still glad I was right about it.

Order Flow - Achieving the mindset

I'd say yes, there should be some decent liquidity at 4560 and it's just asking the price to go there. Good luck with it! I'm on the sideline... image

Order Flow - Achieving the mindset

Also stops at 4440 and 4410 were earlier reported although I don't think we'll make it through to 4410.

Order Flow - Achieving the mindset