Low would pretty much be wherever you buy and you would create your own high to sell at, right? However you say: "They put your trade volume on the bid at the raised prices and you sell your inventory back at a profit". This would work if they ...

Question on how price moves

OK I'm assuming you're not talking about mispricing as in one dealer offering a different price from another, we're talking about everyone offering the same price and that price being "wrong" - mispriced. If there is such a thing as mispricing ...

Question on how price moves

Sure everyone has their own perceived value and it's pretty much priced into the market, but in order for you to know the market is mispriced, you either have to have your own perception of what the value should be, and if the price isn't there then ...

Question on how price moves

I'll take a look at it. I've read it before and the main point I took from it was that Lyons' model of the adverse selection component of the spread was wrong lol.

Question on how price moves

Hi Cindy, What you said about value is pretty much what I thought - or used to think. Now I'm not sure. However if value is what price is, how can the market ever be mispriced? I mean sure ok a dealer thinks an informed trader is informed, and ...

Question on how price moves

Hi Scotty, This post about mispricing has been on my mind a bit. I've always wondered about mispricing, at least ever since reading Gaston's profile. I couldn't imagine how you could tell if a pair was mispriced - the price is what it is, and it ...

Question on how price moves

Invisibles are irrelevant (I'm one), he can read this thread without logging on...

Jacko's Forex House of Pleasure and Pain

Hi Intu, I get that if they wanted to take on a speculative position, i.e. long and there are sell stops or limits on their book, they could buy from those orders without moving price against them (as long as those orders can fill them). But there ...

Dealing banks and orders

Obviously it has to move, but trend trading is only one way to make money, not the only way, especially short term.

Why is short term trading so hard

You can also get them cheap off ebay. Mine was the "Indian Edition" which was paperback and not all that good quality but pretty cheap, but the annoying thing was the text was very small. I'll be going through the book again in the future and I'll ...

Trading and Exchanges Discussion Thread

This is the sort of mentality that can make you lose with short term trading.

Why is short term trading so hard

Maybe not "as soon as" especially if that level has already been crossed/breached recently and not many orders have accumulated there again, and I can imagine that if price hasn't been near in awhile i.e. within 100 pips then there may not be many ...

Beat brokers at their own game - trading round figures

Thanks, I'll check it out.

ECNs with proper price ladder

1. You don't need a holy grail system with that R:R, just one that produces a high winrate. 2. You don't need to trade a pair with a 3 pip spread. Oanda's EUR/USD spread is usually .9 pips. 3. Short term trading does not mean you can only shoot for ...

Why is short term trading so hard

True, it must be reacting to that sacred geometry pattern I superimposed on my MT4 screen. The more ancient it is the more powerful it is, and it has to be very powerful to go through my MT4 screen through the internet and cause price to bounce. (It ...

xx00 xx25 xx50 xx75 levels

This is not why round numbers "work". They don't magically get some sort of importance from some esoteric numerology. Read Osler. :edit: And another big reason for round numbers acting as S/R is options.

xx00 xx25 xx50 xx75 levels

Yes, that makes sense. As for the rest, hmmm I'll have to spend some time thinking...

Question on how price moves

Hi Adal, the figures I was using was just as an example, not saying that 100 mio would not move the market. And yes I read the pictures you posted (and downloaded the paper it's from to read later), but look at Mr-Forex's screenshot - 100 mil would ...

Question on how price moves

You know what Czech, you may be right. I need to read and think about it. However although DS says in your quote that ECNs are not the interbank, if you search through his posts for the word "interbank" you will see that he often says that he trades ...

Question on how price moves