I guess I'm thick.. Gaston has pretty much said what Darkstar has already said in the past. The concepts such as finding concentrations of orderflow etc... are pretty commonsense... no one wants to trade in areas of low liquidity.
As with most of these type of posts commonsense concepts are put forth but very little meat or substance is attached. The hardest part about trading with orderflow isn't understanding these basic and commonsense concepts... its finding the orderflow information to trade them on.
I personally love the Bill Lipschutz interview in New Market Wizards. He reminds me of a larger scale Darkstar . He was also knowledgable about options.
I encourage everyone to read the interview because its interesting.
At one point in the interview he is asked what makes him successful.
He says:
"Foreign exchange is all about relationships. Your ability to find good liquidity, your ability to be plugged into the information flow-it all depends on relationships."
"Those of us who did well were generally the ones who were accepted by the interbank circle."
Were you trading off information flow?
"That's what foreign exchange is all about"
As with most of these type of posts commonsense concepts are put forth but very little meat or substance is attached. The hardest part about trading with orderflow isn't understanding these basic and commonsense concepts... its finding the orderflow information to trade them on.
I personally love the Bill Lipschutz interview in New Market Wizards. He reminds me of a larger scale Darkstar . He was also knowledgable about options.
I encourage everyone to read the interview because its interesting.
At one point in the interview he is asked what makes him successful.
He says:
"Foreign exchange is all about relationships. Your ability to find good liquidity, your ability to be plugged into the information flow-it all depends on relationships."
"Those of us who did well were generally the ones who were accepted by the interbank circle."
Were you trading off information flow?
"That's what foreign exchange is all about"