Looking at that image I'm tempted to say the "edge" of this idea is that there's bunch of unexecuted orders (limits, stops etc) behind the lows/highs that the MM's want to execute. I'd say the more size is onboard this idea the more ...

Want to know how to get rich?

Yeah you need a real broker or code your own execution stuff like the hft/hedge funds. Those who can't bother either find no liquidity or get slippage. Those who use stop order may find they buy breakout at 100 but price wound up 200 (gap) and their ...

Want to know how to get rich?

I'd say forget the stops and close the trade while it's still in profit (this is intraday system right?). If it went straight to loss after open, take note of the time of day and other things going on just before you open it. Maybe once that happens ...

Want to know how to get rich?

This doesn't come from trading but I would propose it applies to any market with dealers and market makers (almost equivalent from my pov). "If you can't spot the mark at the table, ..." Who's the mark? It depends on the timeframe. If you build a ...

Trading Sayings: Fact or Fiction

I'm familiar with those mistakes mentioned here. I am not 100% sure but I have started to believe that I may have initially misunderstood the market as well - there's lot of hype that "it's the most liquid market" "trillions" blah blah. When you dig ...

Crazy/Stupid mistakes you committed during trading

Okay, I would say that when talking about highs and lows, everyone sees pretty much the same if talking about the daily ones. If you go to intraday timeframe then the highs / lows may differ due to spreads varying etc. The liquidity at intraday ...

Want to know how to get rich?

Ah I see what the confusion here is. Yes we both agree then. Broker indeed shouldn't be doing that. However if you have a company (or person) that you are think of as a broker and they are giving you prices that are somehow manipulated by your ...

Broker reverses $20K winning trades for alleged latency arbitrage

All I was trying to say is that it felt to me like you were genuinely sharing something that works/worked live but when I clicked some stats link from earlier reply it ended up in profile where someone said classified so I figured maybe you already ...

Want to know how to get rich?

If you aren't winning using stop losses, how about turning that around. Take the other side, ie. buy low. And instead of stopping losses, stop winnings - because if you bought low then there's no losses to consider about. There's a lot of ...

Real Fx traders do not use stoploss

I read that part you quoted 3 times and having hard time figuring out what you want me to elaborate on. 1) Yeah I know there's few retail brokers that atleast give you books (ladder) and ability to match with other customer quotes, that's great if ...

Broker reverses $20K winning trades for alleged latency arbitrage

If it's financially possible, I'd recommend having atleast 3 brokers. I don't want to name names but lets say that if you have a futures, MM (bucket shop) and ecn and have lot of money to throw away, you'd probably be able to notice statistically ...

Is This Kind of Thing Typical at Oanda?

Good looking system and I think this works but without repeating myself, I wrote in another thread what I think about posting systems with so specific intraday entries: url ie. Lets assume this thing works on live accounts right now (or atleast ...

Want to know how to get rich?

I would say that it's easy to come up with ideas that will work in backtest & demo. Where inexperienced fail (myself included) is they fail to truly grasp the concept of "negative sum game". Forex can appear positive sum when there's some bank QE ...

The Importance of Knowing When Not To Trade

(I'll preface this with that I'm not a broker, just someone who got into plenty of red and has then spent 2 years trying to connect the dots) If you completely understand how the market and the market maker/brokers etc work this can be argued both ...

Broker reverses $20K winning trades for alleged latency arbitrage

This is what I believe happened: You placed order to sell (limit) at low then Oanda decided that if some news comes around, they'd have the risk of losing money as they'd have to hedge with bank and that could take some time to do in which time ...

Is This Kind of Thing Typical at Oanda?