Hi, ...well, this could turn into a far more complicated discussion should we venture away from the original question "is the market random or not?" to the question "how randon is the market - a little or a lot?" Without a doubt, you are ...

Is the market random or not ?

Hi, The amount of market participants almost guarantee the randomness of the FX market. If anyone here has read, heard of or studied fluid dynamics will agree. Its like a shoal of fish in the ocean, driven by current, tide, other fish etc. In this ...

Is the market random or not ?

ZKF, I really don't know except the facts written by Schwager in the book. When my friend worked for him, it was here in Winchester at Caxton Funds and he was doing a lot of currency stuff - but we never talked about his style to be honest. regards ...

Ever wondered what happened to the Market Wizards?

Hi, Some of the Wizards are still active. Monroe Trout has a closed fund situated in the Bahamas, Linda Bradford-Raschke still runs a trading firm and has an advisory website. Bruce Kovner (who was the mentor of a close friend) has a fund in NY. ...

Ever wondered what happened to the Market Wizards?

Hi Merlin, ...yes, that cleares it up - thanks. regards daytrading

"Bank Flow" Trading - Resources?

Hi Plutonite, There is another important purpose to LevelII data in FX: for banks and corporates/institutionals the data in the way it is displayed gives the trader information which he needs in order to "see" and "control" his own order/s with ...

"Bank Flow" Trading - Resources?

Hi Merlin, Maybe I am misinterpreting your above comment, but which LevelII platform shows orders that are already executed (in forex)? I use ECN LevelII data through LAVA with market depth etc. and once opposite orders have been matched (part ...

"Bank Flow" Trading - Resources?

Drummer, It doesn't matter how big your account is - you will not get the info beyond the ECN level2 data on the surface....and even those do not accurately display where the bulk of orders are. ECN users have the ability to "hide" part of their ...

"Bank Flow" Trading - Resources?

Richy, Try SierraCharts They are about $10 per month plus datafeed (I used trackdata for about $35 per month) They have other feeds optional and you can chart any time period, pretty much every indicator (in case you use any) and excellent ...

chart software recommendations?

Hi Merlin, During the above mentioned scenario the swiss franc is merely a vehicle - or neutral ground for the two other currencies to increase/decrease against. If I had a eur/chf outright position, I would also (in my scenario) have to have a bias ...

hedging one currency pair with another

Hi Merlin, possibly to a degree - although arbitrage - as far as I know it - is the exploitation of price inefficiencies, often very small. We had a guy at WestLB who used to trade the bund futures front vs back month close to expiry in size DTB vs ...

hedging one currency pair with another

Hedging is a rather complicated matter. My knowledge in hedging is limited to my background in derivatives (interest rate swaps and options). In that part of the market, most hedging strategies are applied to reduce overall volatility in a portfolio ...

hedging one currency pair with another

Plutonite, I have been working in the industry (inst. broking and trading) since 1987; worked for small and large firms, ran my own trading research company for several years and traded for people. I am now a remote proprietary trader for a UK firm ...

Advice needed, bright future at stake

Sorry, Blue - I may have misread your post. I was under the impression that (like many others) you have come to the conclusion that price is the best indicator and hence, you trade without any fancy dots or lines on your charts. If you are still ...

The Ultimate Fallacy in Technical Analysis

Hi Super, sorry to be picky but rpm refers to the rotations per minute of the crankshaft (not the axle)....since if you're not "in gear" you can still rev it up. More to the point: your argument that people who choose to use indicators should know ...

The Ultimate Fallacy in Technical Analysis

The mind can integrate data and make judgements in a way that makes indicators look like stone-age toys. I will add that nothing would please me more than to have an indicator, or set of indicators, that would tell me what to do, ore even just help ...

The Ultimate Fallacy in Technical Analysis

JFX, not necessarily. That would depend on whether the trader calculated the spread into the price target or not. I.e.: you have a broker who quotes 3 ticks. If the price target is 10 ticks excluding the spread, it doesn't matter whether 2 or 3 ...

About those 95% or: some research to discuss

Peter, forget the spreads for a moment. (yes, of course the transaction cost matters more if you trade high frequency) But as you mentioned, the important relation exists between the two main ratios: risk/reward and win/lose. You can have a negative ...

About those 95% or: some research to discuss

Hi Merlin, I will forward your kind offer. regards daytrading

About those 95% or: some research to discuss

Merlin hi, There are quite a few similar successful firms around in London. Most of the guys trade the same strategy (which is the old pit trading style transitioned into electronic direct access trading), but on a variety of different instruments, ...

About those 95% or: some research to discuss