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Trading by the Light of the Moon

I'd be surprised if the SNB were to "lose" any time soon. They can print as much money as they need to sell, live with inflation a bit while those who've bought swiss francs live with negative interest rates and the threat/possibility of further ...

Order Flow - Achieving the mindset

Anybody should be happy if they can consistently capture 1 pip a day. IMO it's a dangerous attitude to have. I certainly won't say it's impossible, but the market does not lend itself to rigid targets. You take a trade when there's an opportunity; ...

Is there such a thing as trying too hard?

Or maybe you're wrong with your SL. If you put on a trade for a reason with certain expectations, then the invalidation of that reason or the unfulfillment of those expectations is when you should exit. The expectations may or may not involve having ...

zero number game zeroing me out!

It depends on the reasons for your having taken the trade. Yes hoping for the best is gambling. When you take a mechanical trade, you are hoping for the best because there's no specific reason for your trade to succeed. You just took some pattern or ...

Strategies that don't predict future price

Interesting. You appear to be operating under the premise (illusion) that the market is not predictable, and therefore attempting to predict movement and trading on that opinion is gambling. Of course, if your belief is false (which it is), then ...

Strategies that don't predict future price

Trizzle, I get your analysis for deciding to long or short, but entry's a whole 'nother beast - how do you manage to always pick the bottom or top??

Reminiscences of A Forex Speculator

See Osler's paper Price Discovery in Currency Markets url

Deconstructing Trading

By consumption I mean market orders consuming limits (bids/offers). If a bunch of market buy orders come in and consume the liquidity at the best offer, boom price moves. Then if there is buying interest to continue consuming offer liquidity, and ...

Deconstructing Trading

To me they are one and the same. More buyers than sellers causes pressure. Obviously I don't mean *actual* buyers/sellers just net liquidity consumption.

Deconstructing Trading

In a way yes and in a way no. We (traders) make up the market and our actions cause it to move and behave as it does - therefore to the extent that we use predetermined levels to enter or exit, the market will be "based" on those predetermined ...

Is market action based on predetermined levels?