Fail Better

Hi Guys
There is a night trading into FX
Gbpcad,eurcad,gbpnzd, audnzd , etc
The time is 11pm-2am (GMT+3) - it's now.
When there is rolllover of Banks.
There is no any trading sessions
AU and NZ will be a bit later
At this time we can find the flat: here is the link:
http://clip2net.com/s/4HX135
Any phantom limit orders appear into the Level II or Depth of Market.
it makes to confuse other market participants. For example, we see in the DOM(Level II) at some level a huge limit order, but as soon as bestPrice began to approach him, he either moved away or simply disappeared. But the price was moved by other traders to wished of phantom applicant way. Or looking at the DoM: a narrow spread: but basically there is BestPrice, and the next available price is 30 points after -that is divorce! Many nuances in general. But still it's the way to make a profit
On the exchange/NYSE/CME are so very advanced robots. At FOREX ECN (because decentralization) similarly advanced robots HFT-not yet, or may never be. And so it is no wonder that it's not complicated to catch the arbitrage between multiple ECN / STP marketplace.

Question: When this situation could end? When fucked a couple of times or when will appear more smarter HFT-robots, which will create Toxic flow ?

Hey Wiz,

Long time....I am in catching up mode, I am glad to see that some of us from back in those days are still alive and going strong. Love the name of the thread btw

Raz

Wow, that was epic.
Took me a week to read this thread.
The methodology sits so right with me and looking forward to getting involved.
Thank you Tom and everyone else for sharing.

Lee

Worked out nicely.

http://www.abload.de/img/brent090313t0kz2.gif

Tom, you always emphasize how you dont like pinbars because they lag. I was wondering if its not the same thing with the SFP. As far as i know you trade them on the hourly and wait for the candle to close below the swingpoint before entering a trade, right? Arent you afraid of waisting pips by waiting for the candle to close? Or do I recall the way you trade the SFP wrongly? In that case nevermind my lack of knowledge and please correct me .

Watching closely.

http://www.abload.de/img/gold090313zjj5e.gif

Here are posts that I found important whilst summarising the thread.

Thanks for your effort. I'm only on page seven on this thread after just recently finishing his other 'make money trading' thread, and going thru his webinars.

Watching it too Dave.

Good to hear quidsey .

Two more levels in copper and wti.


http://www.abload.de/img/kupfer100313ilxwg.gifhttp://www.abload.de/img/westtexas1003130pz3x.gif

A reminder.

Pleasure. Where are you accessing the webinars?

Hey
anyone on the GU level at 1.49? Decent level

Hey Helius, even though i wouldnt consider myself as picky (enough), in my oppinion thats no decent level. No major swingpoints involved. Only two touches on the hourly. It got daily bias though.

hi everyone,i must say this thread is awesome...........thanks wizzy/tom.......hope i could post as i demo this method.......have a lovely week ahead all....................

i have a question tom or anybody...........when picking a level what are the criteria..........i.e the reason a level would be picked over the other...........input from anyone really appreciated.

Just took this trade short AUD/USD @ 1.0290, SFP 1 hour, pin bar. TP 50, SL 50.

Hi kl,

That SFP you took was a valid one IMO.

however, you have to be weary of the multi bar highs previously which aligned quite nicely at 1.028. Now price has already reached this area, and I believe it's time for trade management.

Just my 2 cents. (I didn't take the SFP because I tend to ONLY take SFP at first time back + with a nice V shape )

See chart:

Sorry, not sure I understand. Is it possible for there to be an SFP on the FTB?

Hi E,

Sorry if i confused anybody here. the FTB that I mentioned means the first SFP that comes back to the previous swing.

Hope that clears things up alittle bit.