I am gathering from your reply that you prefer the shorter time frames over the longer ones. Take into account though that whether you can write an expert advisor makes no difference at all to the profitability or the possibility of the basic ...

Strategy of losers

As I pointed out in my previous post, he uses a simplified example. I find the point he made extraordinarily easy to comprehend. I think there is no need to extend the debate about whether he could have formulated his point in a different way ...

Strategy of losers

Sauron there is no need for me to conduct that experiment. If what he says is wrong, trends would not exist in the markets (i.e. a directional bias based on the cumulative buy/sell transactions during a specific period of time). His example is a ...

Strategy of losers

You may want to re-think your statement after doing some research into the matter - and I mean not just your personal experience in terms of every time you place a trade and the market went 'randomly' in a different direction. Below an excerpt from ...

Strategy of losers

Triphop, now that is what I call research with an edge. I don't often say this, but carry on and you are seriously in danger of seeing the light. All the best. regards daytrading

Strategy of losers

Thank you for your kind words, Peter - It is always good the hear from people whose confidence and ability is based on sound and steady foundations. regards daytrading

How long to be profitable?

Hi Peter, Agreed - and in my defence, I didn't say the question was 'invalid' - only flawed. Of course there are more possible scenarios than the one I have just painted here. I would just add that part of the equation which deals with the uncertain ...

How long to be profitable?

I think the question is flawed from the beginning. The answers given might reflect how long it took the voters (members) to make some money - but does that really constitute 'being profitable' in terms of reality? The question, if asked correctly, ...

How long to be profitable?

I understand - but market depth is not the same as 'order-flow' as per description of the thread. Nevertheless, what you do is of course possible (and profitable). regards daytrading

(binned per thread starter's request) Behind Price-Orderflow

That is a Futures price ladder - not cash FX. As I mentioned in one of the posts, in the futures market matters are somewhat different. A lot of our prop-traders use TT ladders (X-Trader and MD-Trader platforms) for scalping on news, open interest ...

(binned per thread starter's request) Behind Price-Orderflow

Pj, How hedge funds operate in the FX market depends strongly on their employed strategies. There are pure FX oriented funds but they are not the majority. Reasons for a hedge fund to have a position (or interest) in the cash FX market (or in the FX ...

(binned per thread starter's request) Behind Price-Orderflow

With this being true, the players in this game can be abbrasive as they want. Also, to my knowledge at this point, the big players (banks) have the ability to see all substantial postions and open interest in the market. With this information at ...

(binned per thread starter's request) Behind Price-Orderflow

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. And 'having friends in a bank' won't help either - most of the time they don't ...

(binned per thread starter's request) Behind Price-Orderflow

Hahaha, thank you - but not just March, its the 19th. And not just myself but one of my daughters as well. regards daytrading

Best place in the world to trade from?

The sentence you have quoted makes sense insofar as he [Derman] makes a division between natural sciences (Mathematics, Physics, Chemistry for example) and social sciences (Sociology, Psychology, etc.). Social scientist are concerned with change, ...

Theory of Everything, and Trading

Most areas in the UK are absolutely fine for high-speed i-net access. I live and trade from the south coast and its perfectly fine. regards daytrading P.S. like your birth date.

Best place in the world to trade from?

The only real problem with the teory lies in the assumed roles of the participants: Colonel Boyd had to deal with one (or maybe a few) enemy mental schema's at a time during his dog fights - and not as in the rality of the market place with the ...

Trading as Mental Warfare

I still use voice broking every now and then - there are pro's and con's. When I used it exclusively, sometimes the person on the other end could be a little too eager to get you doing trades - since they used to get paid commission on your trades. ...

Forex Mentors - The Best Investment You Can Make?

There are a couple of occasions during my broking years when such masterpieces happened. I took a flyer once, i.e. I told the client we could deliver the price on an instrument when I didn't have it confirmed by the other side - which sometimes ...

Forex Mentors - The Best Investment You Can Make?