I think this is something that's easy to overlook. IMO you absolutely need to understand the context of the information you are taking in. Are you taking advice from a quant? A discretionary TA trader? A pure FA trader? A news trader? All of those ...

Thinking Outside the Box!?!

Niccceee! Since you last bought this up I've been thinking about this stuff. Nothing I can add at the moment unfortunately, thanks though!

Order Flow - Achieving the mindset

Food for thought from Beat the Forex Dealer image

Trading against thy fellow trader

you're giving me deja vu nasir

Order Flow - Achieving the mindset

I hope Trichet disappoints. Less thinking more selling.

Order Flow - Achieving the mindset

This is how I played it. Once I saw the hedge funds popping back up on the offer after the barrier was taken out and a couple stabs at the real money buying. I shorted the consolidation above them into the reported stop losses below. Option ...

Order Flow - Achieving the mindset

Interesting thoughts Monroe. I've noticed the same thing with barrier expiry and increased option defense. The recent AUD/USD option barrier @ 1.0500 is a prime example of this. The barrier was defended fiercely by corporate and bank interest if my ...

Order Flow - Achieving the mindset

Nicely done sir

Order Flow - Achieving the mindset

wooowweee look at her go

Order Flow - Achieving the mindset

How to tell if you're in an OF thread. image

Order Flow - Achieving the mindset

Asian session has been seeing a lot of gunning lately. I've been seeing mid east names repeatedly. Seems they've been buying since the lows last week. Gunning in the Asian session seems to be a reoccurring pattern since then. The Euro and the AUD ...

Order Flow - Achieving the mindset

That's really creepy trizzle we opened and closed at almost the exact same spots. Edit:CHF/JPY

Reminiscences of A Forex Speculator

For a pure chartist S/R is the best tool that you have. It does work for the simple reason that S/R provides reference points for future trades to be made. Limit orders get placed on them. Market orders get entered into them. S/R is where the bulls ...

Thinking Outside the Box!?!

Indeed

Thinking Outside the Box!?!

Here's a general example. A bank needs sell 2 billion on the london market fix. Market sentiment is flat. They they were not expecting the order. This does happen. I don't need to know why it's happening or the moment it happens. I do know it won't ...

Thinking Outside the Box!?!

Adal you have to remember that the reason dealers and hedge funds make up such a significant amount of turnover is because of LEVERAGE. If a 500 mln order dollar needs to go through the exchange it IS going to have an impact of price. How do you ...

Thinking Outside the Box!?!

The example I gave in my previous post I can't call pure utilitarian trading. I don't know what the dealers intentions were when they ran price up. Dealers engage in utilitarian and speculative trading. An example of pure utilitarian trading would ...

Thinking Outside the Box!?!

Utilitarian money doesn't care about sentiment. If utilitarian money is pushing the market at a given time price is NOT informative. Here's an example of uninformed prices and informed prices. A couple days ago in the EUR/USD some irrelevant Chinese ...

Thinking Outside the Box!?!

Why are they scared and why are they hopeful? image

Thinking Outside the Box!?!

Anyone watch the stop hunt on the AUD/USD? First stab fell short of 1.0470 IFR reporting 100-200mln below 1.0470 Forexlive reporting hedgefunds selling Update: Stops taken out Update: More stops below 1.0400 barrier talk 1.0300/1.0250 Large stops ...

Whats really moving the market today?