DislikedI am not aware of DOM traders in FX, but if it exists, a trader can recognize an order imbalance because the one side will get thinner than the other and will stay that way for a short period of time.Ignored
The truth about trading 161 replies
Truth about trading 9 replies
Truth about online trading...Is this us also? 5 replies
Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies
The Bonehead Trader..please be brutal!! 47 replies
DislikedI am not aware of DOM traders in FX, but if it exists, a trader can recognize an order imbalance because the one side will get thinner than the other and will stay that way for a short period of time.Ignored
DislikedI have looked at the depth of market, and in some markets which aren't as popular you can pick up the large buyers coming in on spot fx. For me I'm picking up large volumes - 30 minutes before New York opens on the EUR/GBP - last Thursday and Friday. I don't have a footprint charting package but the amount of buying in the market I don't need one. My DOM figures are crude in comparison to jigsaws charts, I think they could give a trader a massive edge.Ignored
DislikedThis tool on the myfxbook website is pretty good for giving you liquidity info. You can use this as an example of when not to be trading. https://www.myfxbook.com/forex-market/liquidityIgnored
DislikedA few years ago I worked with a British mathematician on a problem to be able to break up the market into data that describes price as being either positive delta in a bullish move or negative delta in a bearish move. I wanted to be able to define price as either being in a positive state or a negative state for use in some Algorithms I was developing. I didn’t expect there would be one answer and expected all markets would have different values or no correct value at all. I Kept asking myself why I couldn’t find other research papers on this topic...Ignored
DislikedThe above post is in no way trying to "impress people" or gain favor with anyone, it is merely to inspire, inform and educate. PeterIgnored
Disliked{quote} I'm terribly sorry, but your charts are bullshit. You draw that lines over the history. It is useless and can only impress newbies. And there is nothing to learn. Next time get EU chart and draw your lines first. Then we will wait and check if you were correct after your lines will be filled. And we will see. What I'm talking about is that there are at least 2 types of "traders" here. First who think that they can outperform competitors drawing the lines and second who are trying to discover and use all possible advantages/edges.Ignored
Disliked{quote} Hi PipsCrasher, referring to: I disagree that they are impossible to predict. Knowing the conditions of the long-term picture, we can assume the likelihood of a pattern forming within a long-term trend. there is this one theory that I really like about the smaller timeframe, it goes a bit like this: inside a predictable solid object, there are a certain magnitude of still atoms, and inside those atoms are chaos. look closer you'll see chaos, and it is the building blocks of a solid object if you look at it on the bigger picture. why is it...Ignored
Disliked{quote} So ...... are you a "newbie" as you so eloquently put it OR, are you someone who pretends??Ignored
Disliked{quote} Take any forex pair you like and draw your lines. Set marks where you will place your orders. And we will wait for your fault. Later you can re-draw your lines and show everyone how you are good at picking exact tops and bottoms.Ignored
DislikedHow about you stop drawing lines, forget about the common "technical analysis" and all these stupid theories? Start to pay attention to the things that matter! Take currency strength for example. One of the most simple and yet most important things in FX. Yet you don't see many people using it. In fact you can't even find the proper calculation anywhere. It's like nobody knows how to calculate the strength of individual currencies. Most people are stuck trading just one pair instead of looking at the whole market. Now how stupid is that? ...Ignored
DislikedHow about you stop drawing lines, forget about the common "technical analysis" and all these stupid theories? Start to pay attention to the things that matter! Take currency strength for example. One of the most simple and yet most important things in FX. Yet you don't see many people using it. In fact you can't even find the proper calculation anywhere. It's like nobody knows how to calculate the strength of individual currencies. Most people are stuck trading just one pair instead of looking at the whole market. Now how stupid is that? ...Ignored
QuoteDislikedFor example when you see upward movement in XXX/YYY pair you should ask - is this pair rising because of BUY pressure in XXX or this pair is rising because of SELL pressure in YYY?