It's all you need, everything is on the chart and actual price can't lie, the rest (including the fluff!) is ambiguous and discretionary and open to personal interpretation. There is no reliable order flow information in this market, only vaguely ...

Stating The Obvious and The Quest For Wisdom

You make a good point, for some reason everyone automatically assumed you were one of those people, just planning on doing it with your life savings! I think the problem is trading forex looks so easy to a novice, up or down, how hard can it be? The ...

Risk your life savings

No, apart from being an irresponsible thing to do the pressure would be too much. The psychology behind only risking what you can afford to lose is probably very complex but 'scared' money rarely makes money in this business. 95% of traders spend ...

Risk your life savings

I didn't say your interpretation was 'misguided', I just offered a perfectly feasible alternative one. As far as Bloomberg 'prognostication', if you're talking about analysis from the likes of top currency analysts and strategists from BNP Paribas, ...

Stating The Obvious and The Quest For Wisdom

hehe Everyone told them to trade with stops, looks like something got lost in the translation!

Stating The Obvious and The Quest For Wisdom

The Big Issue....I've a feeling there's going to be an explosion of UK ex forex trader sellers!

Stating The Obvious and The Quest For Wisdom

It wouldn't matter if you shouted it from the rooftops of Wall Street, it's too subjective and isn't anything new, just do a Google search (over 1m hits)!

Stating The Obvious and The Quest For Wisdom

An interesting interpretation but there are other perhaps simpler versions. Europe gets to their desks, Wilhelm mentions Greece, price spikes higher to take out short stops before a ~1c sell off. At 1.3780 if price was going lower then the ...

Stating The Obvious and The Quest For Wisdom

I'm not sure it's just a matter of money!

Stating The Obvious and The Quest For Wisdom

Well dammit boxing send the guy over here, we need all the help we can get!

Stating The Obvious and The Quest For Wisdom

Are you looking at the same as boxing, futures? What did you do with the boost your longs got, close and re-enter? This thread is actually quite interesting, it's a peek inside other trader's minds and seeing how they think. Are you trading intraday ...

Stating The Obvious and The Quest For Wisdom

I wasn't meaning a buy above 1.38, I was more thinking a buy below it on the expectation of the stop hunt (or a sell above it fading the move), but then with the options barrier and all it would be a dilemma, that's why I was wondering how you would ...

Stating The Obvious and The Quest For Wisdom

lol, neither do I but what can you do edit: took the 35 off for +20 edit2: closed the rest at b/e (boy it's hard doing this stuff in public, usually if I screw up I'm the only one who knows about it, lol ) You watch, it'll go up now I'm flat! - ...

Stating The Obvious and The Quest For Wisdom

That's ok, I'm using 1:1 so I've got a bit of room yet, maybe close some at 1.3775 to reduce exposure. Sorry, straying off the topic slightly.....

Stating The Obvious and The Quest For Wisdom

ok, thanks, do you correlate it against other pairs/index ie USD/CHF or Dollar Index? Just trying to get a handle on what you're looking at.

Stating The Obvious and The Quest For Wisdom

Which books are you looking at, futs? ps short is probably a good bet 'cos I'm long!

Stating The Obvious and The Quest For Wisdom

lol, damn and I was trying not to I'm looking to buy here and the 1.3735 area for 1.3835 but not so much to do with order flow, more to do with TA and fundamentals. How does that sit with you order flow'ers, and more importantly why?

Stating The Obvious and The Quest For Wisdom

It's after the 'event' now but how would you have exploited that commentary? Would you have shorted in the expectation that the options barrier would be well protected or would you long in the expectation stops would be run and the option barrier ...

Stating The Obvious and The Quest For Wisdom

Still big chunks of data and information missing from the picture though such as implied volatility and heaven knows what else. Don't get me wrong I'm not knocking what you're doing, but personally I can't see the practical value over what I've ...

Stating The Obvious and The Quest For Wisdom

The same as you'd use it on any exchange traded instrument, there are a couple of youtube vids posted somewhere in this thread which demonstrate.

Stating The Obvious and The Quest For Wisdom