Spieler and Skenobi said it well Knowing order flow (or even having orders) is not the holy grail of trading. I still speak to some of my colleagues in the market and there information and opinions are really no different then the vast majority of ...

Is anyone here an institutional trader?

I'll give you my two cents for what's worth. If you have a customer or dealer who has been Hot or who's market calls have been accurate you may pay attention, I personally did not. But that doesn't necessarily mean it's a big market moving order, ...

Is anyone here an institutional trader?

Does this guy actually charge people to listen to him..I'm in the wrong business

Is anyone here an institutional trader?

I think back in the day you may be able to say that because there wasn't the transparency through technology that you have today. The spreads are much tighter now because of that transparency so the amount of money you can make just on customer flow ...

Is anyone here an institutional trader?

If I were to run a stop i have to take into account several things. 1) How big is the order? When you say lots i'm not sure what that equates to in millions Of USD or base currency. 2) How far away is the stop? 3) Would I be on the side of the ...

Is anyone here an institutional trader?

Hi Guys, I agree completely with what Skenobi said about reports. I never read them because they were already outdated by the time I got it. It's really meant for marketing purposes and written by economist and strategists. They are extremely ...

Is anyone here an institutional trader?

This is an example of the kind of information I get now. This is from a friend from Reuters who puts these "flow" reports out. I can see where it can be useful but when I was dealing I never looked at it. I did give this person general info from ...

Is anyone here an institutional trader?

Those reports have some value to clients. I can see reporting that a Macro Fund sold or bought in size AFTER the fact. The bank looks good for providing that information and it's good marketing material to show other potential clients "We are the ...

Is anyone here an institutional trader?

I would be surprised if a dealer from a bank would share there order flow with anyone outside of their institution, that's a breach of the code of conduct at my bank. I agree with you, the so called flows and orders look like technical levels, which ...

Is anyone here an institutional trader?

I'll be happy to give you my thoughts 1) I traded NDF's not the majors so my perspective may be a bit different. Order flow is good from that standpoint we dealers would share amongst ourselves where we had orders to buy and sell in our currencies. ...

Is anyone here an institutional trader?

I think Skenobi mentioned the part about having to trade everyday. I know for myself I did not whether I was ahead of budget or not, but that was just me. I do agree the Boss will come around and ask what positions you have on. If the market is ...

Is anyone here an institutional trader?

Well said!! It takes time and there will be pain along the way. I wish you a quick journey to your first million JMN

Is anyone here an institutional trader?

Is this based on your vast experience at institutions and as a hedge fund manager?

Is anyone here an institutional trader?

I'm glad you found it useful...good luck

Is anyone here an institutional trader?

A pair like Eur/Jpy is very liquid and we would just deal directly in that pair. If a dealer quoted a customer say 100 million Eur/Nzd and got given. The dealer will probably get rid of most of that risk through Eur/Usd and Nzd/Usd or maybe even ...

Is anyone here an institutional trader?

I've seen all kinds of trading styles expect scalping, at least as the primary focus. It's just really difficult trying to make a sizeable budget making 2 or 3 or 4 or 5 pips on a series of dozens of trades a day. Not saying it can't be done and for ...

Is anyone here an institutional trader?

I would say on the subject of indicators use the ones you like and feel work for you. As far as fibbies, they are def on dealers, strategist, etc. radar screen. What you here most spot dealers talk about constantly are support/resistance levels, ...

Is anyone here an institutional trader?

Skenobi explained it very well. I've never seen a spot major dealer sell down say eur/usd 20 or 30 pips just so he could get it cheaper. It would take a lot of capital to get it down that much and when and if he were able to accomplish that feat he ...

Is anyone here an institutional trader?

I would say that is a very good strategy

Real Reasons why Retail Traders lose money

That is a very good question, I have no idea. I would hate to have been a dealer who was having a great year only to screwed out of his/her bonus because of that.

Is anyone here an institutional trader?