I had the same idea last year. Too bad it was deleted before being archived. Oh well, at least we have it finally in public view.

Order Flow - Achieving the mindset

What is the source for that news? Retail sentiment was also short which made me re-think my short position. So, decided to go against them.

Reminiscences of A Forex Speculator

Though I was not entirely convinced on the upward move on E/U, I started the day going long. The decision was mainly based on retail sentiment. I got in at 63 though 55-53 gave a better opportunity. Then we have a move which made absolutely no ...

Reminiscences of A Forex Speculator

The recent spike in EUR/USD was really some bullshit. Swedish retail sales way lower than expected. I was long from 4263 liquidated at 4320 and going short from there.

Reminiscences of A Forex Speculator

source?

Order Flow - Achieving the mindset

Trizzle, I get that utilitarian money doesn't look for profit rather something else that is value to them (T&E ), though I still dont get what made you think there were real money bids? IFR? Also, the offers sat there at 1.6 to be hit? Was it due ...

Reminiscences of A Forex Speculator

Trizzle, just curious - Utilitarian? How? Also, even as a speculator if there are no buy orders to be found at a higher level I wont be able to load up sells again. What made you think there are buy orders near 1.6000? Well, my understanding ...

Reminiscences of A Forex Speculator

Yeah. Closed with 25% up on the account. Well, the trade looks sound to me. Though 5950 might be difficult, maybe just near 5965ish.

Reminiscences of A Forex Speculator

Thanks. Closed the 4365 when price rebound to 4200. Though still not convinced on the longs. Not sure on that.

Reminiscences of A Forex Speculator

Thanks. I wasn't comfortable with keeping the positions open over the weekend. Closed the 4310 and 4280 ones are 4180 on Friday. Now regretting it. jk - It happens, I still have 4365 open. But doesn't Oanda increase the leverage to 100:1 once ...

Reminiscences of A Forex Speculator

Well, am not exactly a holder (at least not on my daily trades).This an experiment of sorts. That 3% dint come out right. Actually 3 shorts - 4365, 4310 and 4280. For all of them stops are on 4280 (last on on b/e). With 20 pips - standard 1% ...

Reminiscences of A Forex Speculator

That "it was the Chinese" was a figurative speech. Yep. Agreed. Well I was wary of the range near 4124 yesterday. Decided not to close my two shorts. If it does retrace to my b/e point, I will stand to make 3% off it so no worries. Btw, what ...

Reminiscences of A Forex Speculator

IMO Those were the Chinese!!! The news about China stepping in to support IMF with Greece situation was a ticking time bomb. If you really check it out, there was nothing substanial in IFO data to actually backup that huge rise. Simple stop ...

Reminiscences of A Forex Speculator

The over -extended market short from yesterday now showing their hands. Thankfully, we have BoE's King on our side, according to him Greece exposure is bad and bad. The platform freeze problem? Well Oanda has it days. I was out on lunch so missed ...

Reminiscences of A Forex Speculator

Monore, I know couple of bank dealers, myself employed at one - non treasury though. So, I am quite confident of that. Simplistically, taking your example...loss to corporation who just want their business = gain to some speculator like you and ...

Order Flow - Achieving the mindset

Melvin, IMO the upmove on EU was a complete fake out. With Greece situation being unresolved and no signs of another round of QE from Fed, I thought the markets will be 50-50. A euro strength was completely out of question. I have been shorting at ...

Order Flow - Achieving the mindset

Well I really do, how did you know? Added another short from 4310.

Reminiscences of A Forex Speculator

Heya Monore, I was just making a point which is not only theoretical but realistic as well. The corporation you are taking about use swap deals as compared to spot. ie hedge their positions to unforseen exchange rate changes. These swaps are sold by ...

Order Flow - Achieving the mindset

Thanks, they already have. Took a short from 4365.

Reminiscences of A Forex Speculator

Yep. Though still favoring the short. With no QE and uncertainity in the Greece situation, I am thinking short. Still the rise from has been a mystery to me.

Reminiscences of A Forex Speculator