We all know many short term intra day movements in many currency pairs are the result of large orders moving through markets from Hedge funds, Investment banks etc...
Keeping this in mind, would you be willing to sacrifice a few pips on your entry/exit to your market maker or financial institution for the insight as to when these orders will move through the market. Give up a pip or two for the opportunity to ride the coat-tails of a $500M order while markets are thin
Think carefully before you answer , then go to this link
http://www.cftc.gov/opa/enf03/opa4867-03.htm
Keeping this in mind, would you be willing to sacrifice a few pips on your entry/exit to your market maker or financial institution for the insight as to when these orders will move through the market. Give up a pip or two for the opportunity to ride the coat-tails of a $500M order while markets are thin
Think carefully before you answer , then go to this link
http://www.cftc.gov/opa/enf03/opa4867-03.htm