Disliked{quote} And when will the big guys square up Friday's move (which they will do)?Ignored
Edit: and now the E$ and the $CHF have completely squared, with a little extra for good measure.
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Disliked{quote} And when will the big guys square up Friday's move (which they will do)?Ignored
Disliked{quote} If anyone has been trading today, you witnessed the square up that I mentioned above. The E$ and $CHF squared up to within about 5 pips, the $j exactly to the pip, and the N$ and A$ both exceeding a precise square up. The G$ and $CAD will likely take much longer to square. Excellent trading after the square up. I don't think squaring up is necessary a brutal truth, but it's definitely tradeable. Hope everyone got in on this move. Edit: and now the E$ and the $CHF have completely squared, with a little extra for good measure.Ignored
Disliked{quote} Square? I thought everyone draw lines. Lines is the key? No? Where is Peter? We need to tell him there are squares, rectangles, triangles and even circles to study. Hurry up! The holy grail is very close!Ignored
Disliked{quote} I think I've seen you on fti's thread, so you're familiar with the market squaring up. But under the circumstances it's probably best if I skip adding to this discussion any observations about poles, flags, and boxes, given that lines throw some of you into a tizzy. I'll pass on holy grail talk. Good trading!Ignored
Disliked{quote} It was a joke we were trading live those spikes*. * Not a single square was damaged. No single line drawn.Ignored
Disliked{quote} Order Flow and other interesting things Thanks Rick A couple of years ago I did some programming work for a fairly experienced trading colleague of mine. It was based around Order Flow (OF) and segmented profiling. At the time I didn’t feel he was quite on track as to where he was directing his project. To the best of my knowledge he never managed to integrate all the work we did into his day to day trading process. It was nonetheless interesting. From what I saw, this OF stuff seems to have significant potential for short term trading but...Ignored
DislikedSorry but I disagree. Yes the attributes of greed, desire for action, impatience, fear of missing a profitable trade, lack of discipline are things all types of trader might have issues with until they learn to control their emotions. To think that day trading doesn't require patience and discipline is just wrong. To be a successful trader you need: 1) Thorough understanding of your psyche, what kind of trading suits your personality best. Most people are suited to longer time frames. But some are not the waiting breeds impatience and loss of discipline,...Ignored
Disliked{quote} Square? I thought everyone draw lines. Lines is the key? No? Where is Peter? We need to tell him there are squares, rectangles, triangles and even circles to study. Hurry up! The holy grail is very close!Ignored
Disliked{quote} Hi TraderTim I totally agree with you, the order flow methods offers significant potential for the short term trader but the current educational material fails to identify the real key ingredient’s. I believe there is three ingredients we should be studying when using the order flow tools. The training materials I see focus on the big picture and irrelevant details, instead of looking more closely at the auction process. If momentum exists and price moves, how does the big players create expansion of price and how do they halt expansion...Ignored
Disliked{quote} Agree ryuryu to your sarcasm. All this talking without statistics have low value. But anyway gold is mined from dirt. So some ideas could be found in any conversation. nobody will tell his working systems...Ignored
Disliked{quote} Since you seem to still be learning I will say this - whatever you deem true right now is true. Until, it is proven otherwise. A 5 pip move for a usual retail trader will yield 5 - spread (and possibly also minus commission). So 5 minus (up to 1-3pips). So do the math and see what you get. Same amount of work as any other trade but lower yield. You just need to keep learning and find your way. PeterIgnored
Disliked{quote} Order Flow and other interesting things Thanks Rick A couple of years ago I did some programming work for a fairly experienced trading colleague of mine. It was based around Order Flow (OF) and segmented profiling. At the time I didn’t feel he was quite on track as to where he was directing his project. To the best of my knowledge he never managed to integrate all the work we did into his day to day trading process. It was nonetheless interesting. From what I saw, this OF stuff seems to have significant potential for short term trading but...Ignored
Disliked{quote} Defining the bigger picture Hi Rick I would like to try and participate in this ongoing conversation about order flow etc but before attempting to do so I would also like to make sure that we are both on the same page in regards to some of the terms that you use. When you refer to "Big Players" I am assuming that you are talking about the dozen or so large commercial banks like Goldman Sachs, JPMorgan etc that account for the bulk of daily FX volume in what is generally referred to as the interbank market. My guess would be that this group...Ignored
Disliked. After all, you cannot reach through your computer screen and force the market to move in your favor.Ignored
Disliked{quote} So if you can't force the market move your favour, why there has been court cases, about several traders what has been accused move S&P500 Index futures for they favour. Tiny account traders, which has been in court.Ignored
QuoteDislikedwhere they will probably place their orders, ahead of time.