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OrderFlowTrading.com - Become a Market Predator

  • #101
  • Sep 18, 2014 7:11am Sep 18, 2014 7:11am
New Article - Sentiment in FX (http://www.orderflowtrading.com/Articles/tabid/392/entryid/18999/Sentiment-in-FX.aspx)

How to find your way around by JupaFX At Orderflowtrading we talk a lot about sentiment, and we also talk a lot about the fact that FX is probably the most complex asset class to analyze and trade. In this article, we're going to bring forth a possible explanation of why this may be, and propose a time-tested routine on how to stay focused and find your way around FX. Sentiment in FX What drives sentiment in FX? What do we, as traders, need to take into account when asking ourselves “what is driving price”? Market sentiment in FX is driven primarily by economic news and geo-political events, which of course can be related to the short term (like a FOMC meeting) or medium term (like the current tensions in Iraq which have been going on for a few weeks at the time of writing this article). So before even looking at charts and setups (I know, we're all chart junkies up to a certain extent), we need to find out what's going on in the World. Where can we find out what's going on in the world? ...

Read the rest of entry » (http://www.orderflowtrading.com/Articles/tabid/392/entryid/18999/Sentiment-in-FX.aspx)
  • #102
  • Sep 21, 2014 1:27pm Sep 21, 2014 1:27pm
Hi ,
if anyone is interested in the Hardcover-Book from Daemon Darkstar Goldsmith :"Orderflow Trading for Fun and Profit" you can buy it here:

http://www.ebay.com/itm/231339823571...84.m1558.l2649 (http://www.ebay.com/itm/231339823571?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1558.l2649)

I am the seller so no problem .
Please let me know if someone is interested .
Thanks
Greeds Zack
  • #103
  • Edited Sep 22, 2014 5:56am Sep 21, 2014 10:00pm | Edited Sep 22, 2014 5:56am
Practice with specific market behaviors is always helpful...any suggestions as to how to do so?
  • #104
  • Sep 22, 2014 8:22pm Sep 22, 2014 8:22pm
Quoting 4StarGen
Hi Darkstar, a FF user told me about you and I lurked a bit around... since I think your trading method is the only one that makes sense... I check out your site and I'm not getting why you are selling your system if it's working. Don't get me wrong, plz. I'm just trying to understand why successful traders (if any) give away their secrets for a little price. Personally I think none of the commercial threads were started by succesfull traders, I mean, if a trader is so succesful he wouldn't bother to take a few bucks... he's already rich. So what's...
Money is not the only factor that motivates or satisfies people.
  • #105
  • Dec 10, 2014 9:29am Dec 10, 2014 9:29am
New Article - How to Bounce Back From Trading Losses (http://www.orderflowtrading.com/Articles/tabid/392/entryid/21109/Becoming-Resilient-How-to-Bounce-Back-From-Trading-Losses.aspx)

Trading brings out the best and the worst in us, mainly because it stacks us up against the most difficult thing to accept: uncertainty. As humans, we just don't like the fact that even through extensive work and preparation, things can still go sour. What's worse is that things can go sour even when we do the right thing, which can be really difficult to accept.

One trait that allows successful people to bounce back from failure is a resilient mindset. In this article, we're going to explore what separates those that can get back up from those who just get beaten by their situation.

Read the rest of entry » (http://www.orderflowtrading.com/Articles/tabid/392/entryid/21109/Becoming-Resilient-How-to-Bounce-Back-From-Trading-Losses.aspx)
  • #106
  • Dec 15, 2014 9:28am Dec 15, 2014 9:28am
New Article - How to Build a Trading Position Properly (http://www.orderflowtrading.com/Articles/tabid/392/entryid/21110/How-to-Build-a-Trading-Position-Properly.aspx)

Over the long run, it's difficult to keep a 70 to 80% batting average. One way to secure yourself some leeway is to maximize your efforts when things are going well, so that you can survive the less than stellar periods. In this article, we shall explore some logical ways to compound a position.

Read the rest of entry » (http://www.orderflowtrading.com/Articles/tabid/392/entryid/21110/How-to-Build-a-Trading-Position-Properly.aspx)
  • #107
  • Dec 16, 2014 2:43am Dec 16, 2014 2:43am
Got a positive trade explorer running from using OFT tactics
ForexOrderFlow.com Return This Year: 15.5%
  • #108
  • Dec 23, 2014 8:24pm Dec 23, 2014 8:24pm
Darkstar -

I am VERY disconcerted that my post seems to have vanished into thin air. I asked a simple question and instead of attempting to answer it, it's simply deleted from the thread?
  • #109
  • Jan 28, 2015 11:47am Jan 28, 2015 11:47am
Quoting dekpips
Darkstar - I am VERY disconcerted that my post seems to have vanished into thin air. I asked a simple question and instead of attempting to answer it, it's simply deleted from the thread?
Hmmm.. Not sure what happened there. I haven't been here since the last article was posted so I certainly didn't remove it. Maybe moderators?

In any event, what was your question?

DS
  • #110
  • Jan 28, 2015 11:48am Jan 28, 2015 11:48am
New Article - The Future of Retail FX Trading (http://www.orderflowtrading.com/Articles/tabid/392/entryid/21111/The-Future-of-Retail-FX-Trading.aspx)
By JupaFX

We are definitely living in turbulent times when it comes to the foreign exchange markets. For years on end, there has been a certain appeal to trading FX. However, the developments which started with the FX-Probe, and that have culminated with the Swiss National Bank's removal of the 1.20 floor in EurChf, have initiated a period of transition which will, without a doubt, make FX more of a regulated (and less appealing) market to trade. Read on, to find out why and what you should do about it.

Read the rest of entry » (http://www.orderflowtrading.com/Articles/tabid/392/entryid/21111/The-Future-of-Retail-FX-Trading.aspx)
  • #111
  • Jan 28, 2015 1:26pm Jan 28, 2015 1:26pm
You article has valid points and is very logical. However, bankers are not. They also run governments (especially in the U.S.). They are making a ton of money as well as influential investors, other governmental and non governmental institutions. If regulation were to be passed to affect the liquidity of the market, they stand to lose A LOT of money. The big greedy sharks need as many oblivious little fish as they can get.

I can perhaps see it happening in other countries (as is the case currently.... I think).

Why would they allow it to happen on any grand scale? Even if it does, I would think that all successful retail traders would either still continue to make money or would just move to currency futures.

Just my opinion.
  • #112
  • Jan 28, 2015 1:56pm Jan 28, 2015 1:56pm
Quoting revival_fx
You article has valid points and is very logical. However, bankers are not. They also run governments (especially in the U.S.). They are making a ton of money as well as influential investors, other governmental and non governmental institutions. If regulation were to be passed to affect the liquidity of the market, they stand to lose A LOT of money. The big greedy sharks need as many oblivious little fish as they can get. I can perhaps see it happening in other countries (as is the case currently.... I think). Why would they allow it to happen...
Agree with you
  • #113
  • Jan 28, 2015 6:30pm Jan 28, 2015 6:30pm
Quoting revival_fx
You article has valid points and is very logical. However, bankers are not. They also run governments (especially in the U.S.). They are making a ton of money as well as influential investors, other governmental and non governmental institutions. If regulation were to be passed to affect the liquidity of the market, they stand to lose A LOT of money. The big greedy sharks need as many oblivious little fish as they can get. I can perhaps see it happening in other countries (as is the case currently.... I think). Why would they allow it to happen...

FYI "the banks" in the US are for the most part no longer permitted to engage in proprietary trading. Whatever Forex business they DO engage in is related to market making and even then it's for large multinationals through the forward and swap markets. So it would be foolish to assume that the banks (in the US or otherwise) are going to step in and protect the retail spot market from additional regulation. It makes no difference for their business whether retail fx exists or not.

As for successful traders I think your absolutely right. Either they will continue on with what their doing in spot, or move up to futures, but it doesn't alter the fact that it's about to get a lot more expensive to trade Forex. For those who aren't yet successful, that's going to matter a great deal.

Mark February 19th on your calendar. That's the next NFA board meeting and we'll find out a lot more about what the future looks like when it concludes.
  • #114
  • Edited 12:43pm Jan 29, 2015 12:11pm | Edited 12:43pm
First, I highly respect your opinion and what you guys are doing at the site. It is your postings on FF that enabled me to understand liquidity and that did nothing but push me further toward an understanding of price, greater confidence, more patience and profitability. So.... big thanks.

Quoting Darkstar
{quote} FYI "the banks" in the US are for the most part no longer permitted to engage in proprietary trading. Whatever Forex business they DO engage in is related to market making and even then it's for large multinationals through the forward and swap markets. So it would be foolish to assume that the banks (in the US or otherwise) are going to step in and protect the retail spot market from additional regulation. It makes no difference for their business whether retail fx exists or not. As for successful traders I think your absolutely right....
I will keep my eyes open for February 19th. What I don't understand though..... As a market predator, who is going to eat whom if spot dries up?

I could see leverage/margin restrictions among other things being imposed by the NFA. I personally think 50:1 is good enough..... higher than that you are getting into exploitation. But, 10:1 would shock everyone. (And I know that you didn't say it would definitely happen.... so I'm not trying to put words in your mouth).

Perhaps this is shortsighted, but whoever is doing the proprietary trading in FOREX (whether they are hedge funds or other entities) has been enjoying their hunting for market liquidity. I suspected that the increase in liquidity since the early 90s was due to the large increase in globalization, growing economies and technology advances that have enabled the masses. Since the 90s, regulation has taken the standpoint of "Let the markets do what they want." 10:1 is an exponential change that would cause an exponential impact on the market. I don't think they have it in them to cut that deep.

The brokers are probably going to change things on their own, but what would 10:1 do to most brokers? Would it not put a lot of them out of business or at least hinder their ability to make as much profit?

Perhaps its my not-so-unique American cynicism and jaded view of regulation, but protecting the citizens seems to be passe. They have already put temporary restrictions on margin because of volatility for CHF trades. This makes sense. Put restrictions on temporarily and when the market stabilizes, remove the restrictions. But a long term permanent change? We will see if the NFA will listen to Sharon Bowen's 10:1 wish. I thought people have been wanting more regulation for a while now because of the manipulation of some european banks a couple years ago and no action was taken.
  • #115
  • Feb 19, 2015 4:38pm Feb 19, 2015 4:38pm
Today is the day and all is quiet. Keeping.Fingers.Crossed.

I am hoping this is the extent of their changes and there is no reduction from 50:1 to 10:1 leverage across the board.

https://www.nfa.futures.org/news/newsNotice.asp?ArticleID=4531

Notice I-15-04
January 21, 2015
Immediate attention required – Financial Requirements Section 12 – Increase in required minimum security deposit for forex transactions
As you know, NFA Financial Requirements Section 12 requires FDMs to collect and maintain a minimum security deposit of 2% of the notional value of transactions in 10 listed major foreign currencies (including the Swiss franc, Swedish krona and Norwegian krone) and 5% of the notional value of other transactions. Importantly, Section 12 also permits NFA's Executive Committee to temporarily increase these requirements under extraordinary market conditions. Given the events of late last week involving the Swiss franc, the Executive Committee has determined to increase the minimum security deposits required to be collected and maintained by FDMs under Section 12 as follows:
Swiss franc – 5%
Swedish krona – 3%
Norwegian krone – 3%
These increases are effective as of 5 p.m. (CST) on January 22, 2015 and will remain in effect until further notice. FDMs should be aware that the Executive Committee may make additional increases in these currencies or other currencies as warranted by market conditions.
If you have any questions on these requirements, please contact Valerie O'Malley, Director, Compliance ( ([email protected]) or 312-781-1290) or Rachel Brandenburg, Senior Manager, Compliance ( ([email protected]) or 312-781-1472).

https://www.nfa.futures.org/news/newsNotice.asp?ArticleID=4534

Notice I-15-07
January 23, 2015
Immediate attention required – Financial Requirements Section 12 – Additional increases in required minimum security deposit for forex transactions
As you know, on Jan. 21, 2015 (http://www.nfa.futures.org/news/newsNotice.asp?ArticleID=4531), NFA's Executive Committee exercised its authority under NFA Financial Requirements Section 12 and increased, until further notice, the minimum security deposits required to be collected and maintained by FDMs under Section 12 for transactions involving the Swiss franc (5%), Swedish krona (3%) and Norwegian krone (3%). At the time of those increases, NFA alerted FDMs that NFA was continuing to monitor market conditions and that the Executive Committee could decide to make additional increases to these or other currencies if market conditions warranted. Given the continued volatility in the foreign currency markets, the Executive Committee has determined to increase the minimum security deposits required to be collected and maintained by FDMs under Section 12 as follows:
Major Currencies:
Japanese yen – 3%
Australian dollar – 3%
Other Currencies:
Russian ruble – 20%
Brazilian real – 9%
Mexican peso – 6%
These increases become effective at 5 p.m. (EST) on Monday, Jan. 26, 2015 and will remain in effect until further notice.
If you have any questions on these requirements, please contact Valerie O'Malley, Director, Compliance ( ([email protected]) or 312-781-1290) or Rachel Brandenburg, Senior Manager, Compliance ( ([email protected]) or 312-781-1472).
  • #116
  • Jul 7, 2015 12:00pm Jul 7, 2015 12:00pm
New Blog Post: A final May luck be with you (http://www.orderflowtrading.com/LifeOnTheBuySide/tabid/200/entryid/24527/A-final-May-luck-be-with-you.aspx)

Trading is not a get rich quick business. It takes a LONG time to learn everything you need to start earning serious money. Of course, the upside is that when you do finally arrive you can become Infinity Rich, or wealthy beyond your present comprehension. Most people talk about wanting to become rich to one degree or another, and I think most people do really want to. Unfortunately, very few people are willing to put in the effort required. They want...

Read the rest of entry (http://www.orderflowtrading.com/LifeOnTheBuySide/tabid/200/entryid/24527/A-final-May-luck-be-with-you.aspx)
  • #117
  • Jul 7, 2015 1:08pm Jul 7, 2015 1:08pm
Quoting Darkstar
New Blog Post: A final May luck be with you (http://www.orderflowtrading.com/LifeOnTheBuySide/tabid/200/entryid/24527/A-final-May-luck-be-with-you.aspx) Trading is not a get rich quick business. It takes a LONG time to learn everything you need to start earning serious money. Of course, the upside is that when you do finally arrive you can become Infinity Rich, or wealthy beyond your present comprehension. Most people talk about wanting to become rich to one degree or another, and I think most people do really want to. Unfortunately,...
another succesfull trader who needs paid subscriptions(to teach other how to proper trade to become as the "master")....it seems this never ends
  • #118
  • Jul 7, 2015 3:12pm Jul 7, 2015 3:12pm
Part of the contract when buying the book was to have lifetime access to the website, to break this contract means you should refund everyone. This is a disgusting way to treat the people who invested in you early on. I hope you re-think the "purge" as it shows you cannot keep a promise.
  • #119
  • Edited 5:01pm Jul 7, 2015 4:40pm | Edited 5:01pm
Quoting Bullet
Part of the contract when buying the book was to have lifetime access to the website, to break this contract means you should refund everyone. This is a disgusting way to treat the people who invested in you early on. I hope you re-think the "purge" as it shows you cannot keep a promise.
Totally agree. Really disappointed with this decision. Doesn't seem "lifetime" to me...

I was in the first group of buyers of the book, and enjoyed going back to the site from time to time, stay up-to-date with its content.
It seems like when some people can't make money trading they revert to becoming "teachers" to other traders... deja-vu!!!

Anyway, wish you good luck with your Fund, Darkstar!!
  • #120
  • Jul 7, 2015 5:34pm Jul 7, 2015 5:34pm
Quoting Bullet
Part of the contract when buying the book was to have lifetime access to the website, to break this contract means you should refund everyone. This is a disgusting way to treat the people who invested in you early on. I hope you re-think the "purge" as it shows you cannot keep a promise.
I couldn't agree more...I gave Darkstar the benefit of doubt and purchased his book and then paid to subscribe to his site only to find that all the site did was re-publish the book in a series of lessons so in effect we all bought the book twice!!!!!!As for content of the site,I have to give it to Darkstar he's a great talker and can spin the old trading BS out over article after article.I read the book several times but at the end of the day it was a complete waste of paper.I believe that Darkstar is very knowledgeable but unfortuately he's just another marketer of FX art.After 8 years of trading FX I'm still not profitable,maybe I should start teaching.I'm not bitter and trading is not life and death for me,it is a challenge though and I'm pig headed enough to think that I can actually make it...one day.
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