To the OP... — best use of relative strength I've found is written by Silvani. paraphrasing it roughly, if you think dollar is going up for eg, use crosses to determine best play. if EG is coming to support, short GU. To resistance? Short EU. ...

Intra day currency strength/weakness...

Couple of great finds there Unnamed and Mikkom. That BIS survey is pretty telling reading on top of those stats. Also, from Mikkom's: "local currencies tend to depreciate during their own trading hours" Something I'd never noticed.

Intra day currency strength/weakness...

Either look to run very very tight stops (taking advantage of your small size) or set it wide enough so that it's bigger than the average dealers inventory, so you can stop and reverse on a retrace. If not, you're looking at an FTI style strategy, ...

Forex loss recovery strategies

Very cunning. How do you know there's a difference between UK and US sessions?

Intra day currency strength/weakness...

Ah you mean nailing a great trade based on getting an idea or concept? OK I get you. In that case, yes. It feels amazing

The Moment Of Victory

Go on then. I've had dozens of these moments. A bit like crack probably - first time amazing, getting progressively less so until it seems fairly routine. Principally because context is everything, unless you've found a pure quant edge in which case ...

The Moment Of Victory

Cool. Not my bag, but best of luck to you.

Discuss failure Trades

How do you know? Not taking the piss, just curious

Discuss failure Trades

I'd say you've already nailed the problem.

Discuss failure Trades

Liquidity pen.

Order Flow - Achieving the mindset

Just caught this blog and I totally long it. Your statement about records is almost word for word what I heard from a guy who runs a hedge fund at the weekend. Ignore at your peril!

Fail Better

Cheers Las - got a copy now to watch this w/end. There was something in the papers about it yesterday, with an ex GS trader saying: "Lex van Dam: Nowhere is the average pay per IQ point higher than in the City. How is it possible that bankers get ...

Forex market volume jumps 7000% in 1998

Thanks Rex, Slack for the info. In terms of expansion, the most recent BIS survey passed me by: we're now up to $4bn/day up from $2.2bn in 2004 (see below). The increase in volume - I'm guessing your looking at tick vols right? - would probably be a ...

Forex market volume jumps 7000% in 1998

Interesting. Las, is are there any credible names saying it was engineered?

Forex market volume jumps 7000% in 1998

FXMoneyz, you just made my day. I've seen some bad scams in my life, but you're currently top of the plops. I look forward to a "minimum 15% drop down/drag down", and will be transferring my monies post haste. Charging 70% of my hard-earned seems a ...

Is trading FX for living a myth?

Mikkom, you seem to know about vols, so here's something that I'm curious about. Given vol clustering is not part of Garman-Kohlhagen pricing, do banks work their own option pricing model, or is it still the standard? And if it's still the standard, ...

The Birth of a Quant Trader

Not true. There are quant edges a schoolleaver can find - the fact is, most people can't be a*sed to do the research and sit around expecting someone to tell them. Truth is, most of those who've sweated their guts out finding them aren't that ...

The Birth of a Quant Trader

Indicators — Indicators? Mostly the amount of tea I've drunk is a good indicator of how well I'm doing but the answer is nothing worth sweating about, but specifically ATR indicator + % strength on the day (for cross-correls & checking range). ...

The Birth of a Quant Trader

Pipalicious, There are successful quant traders, there are successful discretionary traders. If I were you - I'd stay on the discretionary side of the fence. Here's why. Trading is a dirty grubby business about traders screwing over one another. ...

The Birth of a Quant Trader