Trotty's post is a fine one. I'd add just a couple of things. You get positive spirals of events and negative ones. A series of losses almost certainly leads to more losses - you cut off each successive win because you're want to recoup losses and ...

Mind Circus

Agree - there should be an almighty sell off for 50bps, but it's been properly dampened. Although we're pretty much 300p down from where I started this, I suspect that the moves will be fairly muted till end June. Keep selling the highs rinse and ...

Aussie problems discussion

Read between the lines of this, the RBA statement last night (where they cut 50bps) "The exchange rate remains high even though the terms of trade have declined somewhat. Read more: url RBA ain't propping it up, but someone is. Unwind slowly ...

Aussie problems discussion

ah go on then: 1) A stop is a method of exiting a trade, that's all. So yes. 2) Depends on what you mean by trend. Intraday, counter-trend is way harder once you've taken off spreads and account for the smaller moves in an already tight market. ...

Are we being conned?

I'm feeling wistful and Pip, I'd go along with that. The market's infinite, varied and doesn't repeat exactly, but at any given point in time, there are only 7 possible combinations of what can follow (excluding size). Everything's a derivative of ...

Extracted Thread (per thread starter's request)

Nasir, the last discussion on orders here made me a leave for several months it got so bad, so I'm not the one to pick it up with. But what I care about is are the olympic a tradeable event? Or do they provide a comfortable fundie bias to place ...

London Olympics - Genuine Trading Opportunity or Far Fetched Idea?

I found adding toast to the cats head makes it far more accurate IMO. image

Back of a cat's head?

+10 Nate. Unreal. OP, the problem is getting any kind of reliable stats whatsoever. The IOC have a polyanna mutiplier they use to encourage bids, the govts are usually miles out, so you're left with private sector to plug the gaps. If you take this ...

London Olympics - Genuine Trading Opportunity or Far Fetched Idea?

I love the comments from FX sources, it's always the same. If they profited, it was an excellent resourceful intervention, if they didn't get a chance or lost on it it was cack-handed move by inept central bankers. I still think 1.2 was breached ...

SNB: will it or will it later? An order flow analysis

What a guy. It took me a couple of years to realise that you were the real deal, mainly because FF has a ton of sharks, wannabes, hustlers and people who can't even be straight with themselves, let alone other traders. Had everyone at FF read this ...

Technical Analysis Fallacy

Sary, if Oz puts aside money sensibly and doesn't buy off their electorate in times of plenty you are holders of some of the finest politicians in the world. In the UK, we had no such luck. I'd agree global demand drove mining in Oz, but equally ...

Aussie problems discussion

Barriers all erased but SNB remained bid at 1.2 so stops not triggered. Handy for some but I'm sure it was all strictly above board, cough. Tac, Re the options, puts are already in place so its delta hedging that'll gather momentum rather than stop ...

SNB: will it or will it later? An order flow analysis

just checkin you're not old bill send my regards to the firm

FX Trading Pays Off...

My understanding is you can trade OPM under PAMM arrangements up to 5 people without accreditation so long as you don't advertise your returns / solicit clients. Beyond that, you need to start swatting up for your exams. Given 2 years ago he was ...

FX Trading Pays Off...

Three likely options - ponzi-type scheme, soliciting clients without accreditation and claiming returns he never achieved. The usual.

FX Trading Pays Off...

Nasir, a few weeks back I was stationed for long on a dip on ECHF but bailed shortly afterwards for a couple of pips when I realise I was sat in a giant herd. Yes there is x bn of stops below 1.2 but much of that is stationed in puts, so you can't ...

SNB: will it or will it later? An order flow analysis

This guy is a doughnut of biblical proportions. url Who'd have thought.

FX Trading Pays Off...

Pretty similar read Assassin, though for the reasons above and more I'm short where I can for a long-term compounder. I've moved down to around 520/30 tops, not sure if we'll see it mind. Barriers @ 3000 at the moment will keep the range for a while.

Aussie problems discussion