Forex Level II (Market Depth) follow me with order book

Hi forexpervert i think you got me wrong, i respect everyone's approach (even if you would use a couple of moving averages, since for me the decisive part is the risk/money management). What i meant was since the order book(s) you use it's coming from several liquidity pools which are not available for an ordinary trader due to the size of capital and the lack relationship (even on personal level) with prime brokers, if someone would like to use your approach have to rely on you, i don't feel as it my way since my goal is to become as much independent as i can. Anyway i appreciated you point of view since you have proved having the most complete framework of L2 that i've ever seen. Godspeed

I know, hope you dont get me wrong too, i wasn't trying to say anything negative, what i was trying to say was that unfortunately this is the game we play in, so lack of information = losing money. these days Fx market has a direct correlation with stocks and in time i can also prove it.as you see more and more that when news comes out and all of a sudden price moves the opposite direction.everyone in this market has a intention of making money and whos better than retail traders so these financial companies they can offload their risk into retails.
in time i will teach level II properly once the software is ready,so i can give the feed to some people to use.
my goal in here is to find reliable traders, with discipline and proper psychological profile, so i can train them myself and give them funds to trade my accounts,i only trade EURUSD sicne its taking too much time, so i would like some people to trade other pairs for me.i dont go after professional traders since i have done that and it was a disaster.Since a professional trade is so hard to teach, since they have experience they take your Methodology and add their knowledge into it and it breaks the method.
I understand its hard for retail to get an access to these types of info.if you all remember 5 years ago there was no such a thing as level II in FX market, since it was a kept hidden secret for the banks,but as it was getting harder to please retail traders and get them on board , banks and brokers started showing level II and introduce it as Limit orders or Depth to people which is useless since they can reject your order last minute on big volumes.So i say if you give it another 5 years these info will become public as the more advance the computer systems gets harder it is to trade and please retail trades so they have to be forced to give you guys level II in another form. so you can actually start making some money. since they always want retail to be on the wrong side of the trade.Like look at COT data where do you see the dumb money going compare to commercials?
but for now you can use these bids and offers as your support and resistance. if you are in Skype room i call some heavy or significant bids and offers i see from time to time.
Or another way is if you see offers and you using your own system , you can go long or short around these number as your confirmations.

Offers:1.1050/55 , 1.1080, 1.1095, 1.1125
Bids: 1.1025, 1.1000

if by 5 am we stay within 1053 and 1048 i go long at market, 1054 should not be broken

Cheers mate
Happy trading too you!

Offers: 1.1150 , 1.1135, 1.1125
bids: 1.1025,1.1050,1160,1.1065

Thanks for levels!!
I made some nice pips again tonight.
Cheers
Coastie

I have 6 years trading experience, and i incorporate your strategy which is one of the most ever successful strategy i have use in my trading career

Subscribed Sir! Finally you are like a godsent savior in my miserable 4 years Forex journey. I have been following your thread for about 2 weeks now and am convinced with the points that you are making. It is really making sense to me. It feels like all the hidden answers to all my questions in the markets movements are being answered. I would like to get in touch with you to learn this in greater detail but to no avail. I had subscribed and am joining your skype group too. Thank once again Sir for this noble sharing. Hope this is a long term strategy.

Am more sure is money magement and strategy is still the best i can think of for now

Im short 1.1285

Cheers
what is your target area?

Did you guys know that there is almost no ECN broker out there? Sometimes i Feel sorry to a simple retail trader with no experience in FX.Did you know you are playing in a big Casino if your broker is not ECN?
Do you also know why they give you 10% to 100% bounces? Let me point out something very quick unless you go with a Prime broker you have no chance in making money in this market. Now I'm not talking about MT4 im talking about your broker in general and how they operate.funny all Retail cares is going with a broker with a low spread and ENC and also Regulated. But let me tell you this that Regulation is bullshit, I would rather goto a unregulated broker with a true ECN rather than Regulated.
so most of you heard of B book? I hope you did. but if you dont know what B book is here it goes.

First your broker Pretends to be a ECN and meanwhile offering you a bounces Deposit. they can manage risk.they see your orders etc... so Usually when a broker sees an account of typically less than 25K they put you automatically to a B book so they can trade against you. Chances of someone new to this business losing their money within the first year is 97.87% yea you heard me right.So when they see accounts of less than 25K you wil be in B book.Reason =for MT4 brokers are more of a broker friendly than a trader friendly.Usually brokers get the back office from Meta quotes with lets say 8 slaves. so they can manipulate the spreads anyways they like. you see on their website advertised 0.1 pip spreads or sometimes 0 pip spreads, mean while they can add you to any of these slave account at anytime with different commission or spread structures.They see a losing trader your money will stay in broker account and you keep losing and they pocket the money since they know the chances of you losing money is very high, once they see you profitable or if your account is more than 25K you will be sent to another slave account which is now a true ECN.
So unless you have that much money think again when you choose a broker.

Target 1 is reached, so basically every trade i have 4 targets as follow 10 20 30 40 pips
once i hit target 1 i move to BE and also take some profits

out at breakeven

lots of offers at 1.1290 area this could make the trade fun or break to upside, conflicting bids and offers but more offers than bids

nice one, if you are in this trade also take some profit at +10 move to BE

guys no bids and offers today very confusing market, i call bids and offers as we go.
for now bids at 1.1270 area not heavy, i will post htme just in case, but they wont be as effective as other days.

wow offers 1.1290 we caught he top by 5 pips. now if by 3:30 am EST price stay below 1.1255 i go long at market.

what a amazing easy 30 second trade, coenside with news and grabbed an easy 10 pips. out at BE