Does anyone know what an Orderboard Trader is or what they do?
"good traders trade, bad traders teach" 247 replies
Trader Statistics - Ratio of Scalpers/Day Traders/Swing Traders? 0 replies
individual traders vs professional traders 6 replies
Hi to all the Meta Traders (MQL4) traders 6 replies
FXCM orderboard 1 reply
DislikedThey take your money
Some people look at the Order Board as provided by the FXCM newsfeed or IFR Forexwatch which provides various levels at which stop orders are placed. Other things they watch are Options barriers which writers protect in order to avoid losing money. Besides the levels themselves, they look for large orders at these levels which can be seen on institutional platforms and they trade accordingly. Rob Booker has recently sent me an email regarding a similar strategy but without the use of size information. These traders can be called 'stop hunters'. Look through Darkstar's posts for more information.Ignored