It's not the variable you're testing, it's the methodology - reductionism sucks, because context is everything. You need data sure - and anyone who's not busy collecting, analysing, studying really deserves all that's coming - but as for trying to ...

Order Flow - Achieving the mindset

Anyone looking for a binary outcome edge in barriers will be sorely disappointed.

Order Flow - Achieving the mindset

Always nice to be welcomed back after a leave of absence eh?! Good to see you Leon

Order Flow - Achieving the mindset

Almost the exact opposite - the bigger you are, the more you really do have to concern yourself with liquidity.

Order Flow - Achieving the mindset

The most important pointless post I've read in a while I reckon. Fundies are trading longer TF and off fundamentals out of necessity - their priority on the lower TFs is liquidity as can be seen by the million and one stop hunts on charts. OFs only ...

Order Flow - Achieving the mindset

Sure, I agree with that and that's the whole point - they're not clicking and winning. They're clicking and getting into/out of position. Winning happens when they unwind their position. Intraday, you're just hitching a ride on this process of the ...

Order Flow - Achieving the mindset

Relyt, I wrestled with the same for years before this came together with a whole lot of other stuff in a fairly monumental way. Right before DS's book comes out, effin typical . Why wrestle? Because the probability of a barrier breaking is ...

Order Flow - Achieving the mindset

Scotty, this is a beauty of quote, and if people really took this to heart, it really gives a new meaning to letting your winners run.

Stating The Obvious and The Quest For Wisdom

Well... here's something else that'll make you laugh. Marty Schwartz - never trades against a moving average. Bill Lipschutz never trades against a trend, and I've read of more. Collectively across thousands of successful traders, there's a mass of ...

Goldman Sachs traders use moving averages

Agreed - you don't trade it unless you've got info that it's happening. But it does show cause and effect, so adds/detracts to your confidence in a trade depending on effect in the market.

Order Flow - Achieving the mindset

The same - IFR had it a little earlier at 10:50. As for how much 2bn moves - who knows. I think of around $100mn a pip in Lon/US ish but then again, some days 100m options can hem in price all day, others doesn't dent it. I would guess it's all done ...

Order Flow - Achieving the mindset

Easy! I'm not saying you trade that (how would you? It's only 2bn and only smooths out a few bumps) but thought it was worth mentioning as it was right this second.

Order Flow - Achieving the mindset

Corporate flows - for those wondering what that looks like - right now, EU, buying linked to Euro 2bn M&A. It's not the only reason it's going up of course, but explains why the retraces are virtually non-existent. good old school film RedB btw.

Order Flow - Achieving the mindset

Because you're trading like a dealer. Because you are a dealer. Because you're required to make profits daily. Because it's not a prerequisite for making money etc etc. + what Cindy said!

Averaging Down

Man, this a confusing thread because half the people are talking about averaging down without an end in sight, the other half are talking about about scaling in with a set risk. - If you're dead sure about direction and timing, you go all in. - If ...

Averaging Down

If only it were that simple, this thread probably wouldn't exist DS - congratulations fella. A big accomplishment.

Order Flow - Achieving the mindset

True, true. And if you prevent just one goose chase, that's a few hundred hours of someone's life you've saved. I personally hold Mark Douglas to account for a lot of that, but that's a different story.

The Foundations Of Trading Success

Sweet, but if we pull on the strings of illusory free will, we'll be knee deep in a world of microbial determinism, and I'm not sure FF can handle that Good point about stat-based systems, I guess I'd put those onto a very far back seat such a ...

The Foundations Of Trading Success

Hi Medici, nice post. But aren't you really saying be systematic - take every setup rather be discretionary? Without wishing to come off like a pedant, all trades are anticipatory in nature, in that you're trading in the expectation that either ...

The Foundations Of Trading Success

Woah there FXS, before you dismiss the lot... Paleo is exactly that - back to paleolithic eating which was no grains, no legumes, no vegetable oils but plenty of meat & veg. Caveman/woman style. Cordain has a book called the Paleo diet which is but ...

What's your way to keep fit, strong and healthy?