FXMoneyz, you just made my day. I've seen some bad scams in my life, but you're currently top of the plops. I look forward to a "minimum 15% drop down/drag down", and will be transferring my monies post haste. Charging 70% of my hard-earned seems a ...

Is trading FX for living a myth?

Mikkom, you seem to know about vols, so here's something that I'm curious about. Given vol clustering is not part of Garman-Kohlhagen pricing, do banks work their own option pricing model, or is it still the standard? And if it's still the standard, ...

The Birth of a Quant Trader

Not true. There are quant edges a schoolleaver can find - the fact is, most people can't be a*sed to do the research and sit around expecting someone to tell them. Truth is, most of those who've sweated their guts out finding them aren't that ...

The Birth of a Quant Trader

Indicators — Indicators? Mostly the amount of tea I've drunk is a good indicator of how well I'm doing but the answer is nothing worth sweating about, but specifically ATR indicator + % strength on the day (for cross-correls & checking range). ...

The Birth of a Quant Trader

Pipalicious, There are successful quant traders, there are successful discretionary traders. If I were you - I'd stay on the discretionary side of the fence. Here's why. Trading is a dirty grubby business about traders screwing over one another. ...

The Birth of a Quant Trader

It's not the variable you're testing, it's the methodology - reductionism sucks, because context is everything. You need data sure - and anyone who's not busy collecting, analysing, studying really deserves all that's coming - but as for trying to ...

Order Flow - Achieving the mindset

Anyone looking for a binary outcome edge in barriers will be sorely disappointed.

Order Flow - Achieving the mindset

Always nice to be welcomed back after a leave of absence eh?! Good to see you Leon

Order Flow - Achieving the mindset

Almost the exact opposite - the bigger you are, the more you really do have to concern yourself with liquidity.

Order Flow - Achieving the mindset

The most important pointless post I've read in a while I reckon. Fundies are trading longer TF and off fundamentals out of necessity - their priority on the lower TFs is liquidity as can be seen by the million and one stop hunts on charts. OFs only ...

Order Flow - Achieving the mindset

Sure, I agree with that and that's the whole point - they're not clicking and winning. They're clicking and getting into/out of position. Winning happens when they unwind their position. Intraday, you're just hitching a ride on this process of the ...

Order Flow - Achieving the mindset

Relyt, I wrestled with the same for years before this came together with a whole lot of other stuff in a fairly monumental way. Right before DS's book comes out, effin typical . Why wrestle? Because the probability of a barrier breaking is ...

Order Flow - Achieving the mindset

Scotty, this is a beauty of quote, and if people really took this to heart, it really gives a new meaning to letting your winners run.

Stating The Obvious and The Quest For Wisdom

Well... here's something else that'll make you laugh. Marty Schwartz - never trades against a moving average. Bill Lipschutz never trades against a trend, and I've read of more. Collectively across thousands of successful traders, there's a mass of ...

Goldman Sachs traders use moving averages

Agreed - you don't trade it unless you've got info that it's happening. But it does show cause and effect, so adds/detracts to your confidence in a trade depending on effect in the market.

Order Flow - Achieving the mindset

The same - IFR had it a little earlier at 10:50. As for how much 2bn moves - who knows. I think of around $100mn a pip in Lon/US ish but then again, some days 100m options can hem in price all day, others doesn't dent it. I would guess it's all done ...

Order Flow - Achieving the mindset

Easy! I'm not saying you trade that (how would you? It's only 2bn and only smooths out a few bumps) but thought it was worth mentioning as it was right this second.

Order Flow - Achieving the mindset

Corporate flows - for those wondering what that looks like - right now, EU, buying linked to Euro 2bn M&A. It's not the only reason it's going up of course, but explains why the retraces are virtually non-existent. good old school film RedB btw.

Order Flow - Achieving the mindset

Because you're trading like a dealer. Because you are a dealer. Because you're required to make profits daily. Because it's not a prerequisite for making money etc etc. + what Cindy said!

Averaging Down

Man, this a confusing thread because half the people are talking about averaging down without an end in sight, the other half are talking about about scaling in with a set risk. - If you're dead sure about direction and timing, you go all in. - If ...

Averaging Down