Does anyone know what an Orderboard Trader is or what they do?
They 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.
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.
- #4
- Last Post: Jan 25, 2008 3:01am Jan 25, 2008 3:01am
They 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.
