You could trade without a chart if you could: 1. Know that what you are buying will have more buyers at higher prices 2. ... well do you really need anything else... just buy buy buy and sell when others are starting to buy above your cost basis. ...

Who trades without a chart?

You didn't mention it but if you have something mechanical/automated I'd be concerned about someone reverse engineering/front running it as if they get greedy it could run into capacity issues. Using one broker to buy another to sell might obfuscate ...

Honing a strategy

Big and understated part of this is that some markets tend to revert to mean more frequently (perhaps could be explained better somehow), then in other end of spectrum eg. news of limited physical supply in some commodity is a bit more likely to ...

High hit rate vs big R:R - Which one do you prefer and why?

Well if you are going by pure price data, what common filters there are? (lot of indicators are built on these basic building blocks) -time -price change / stdev in some time interval (bollinger bands use stdev) -volatility ( & ...

Examples of Systems with an Edge

When talking about stop loss one should always define what they mean with it. The simplest stop loss is the one that you send to the broker to indicate that that's where you want to get out. There can be multiple types of stop losses like these. ...

Trading without SL: your profound experience

After lot of studying I can say fairly confidently the initial market moves are rarely interpretable in straightforward manner. I would almost say that most of the time, if there is some big move, there tends to be actually a range or a move to ...

Can anyone explain why all JPY pairs suddenly fell downwards?

What the article does not say is that while all the "wide markets" deal is going on, brokers may still show you their 1 pip or whatever tight spread during regular/busy hours. The HFT market makers are obfuscating the spread. To get around this, ...

How the market works when uncertainty and fear take place

There's also futures options and currency etf options with lower margin requirements. I don't really know much about options but I know that some of them work very much like plain futures or spot - for short to medium term trades but with the ...

Who is making profit in the forex market?

When using broker you don't really know if they are just doing what you think. I read about one "real" broker having told their investors how much money they made through liquidations (last quarter or whatever). One has to use some imagination how ...

Who is making profit in the forex market?

And here's the 1% that's not. No doubt someone will deny this but also no doubt they can't provide a better explanation of how things work. Assume there are only 2 traders and a market maker. bid/ask 100/101 trd1 buys @ 100 or 101 (doesn't really ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

I don't actually trade options - as typical option trader would, I come from fx/futures background. I just wanted to have "emergency stop" incase quotes completely evaporate while I'm leveraged and options can be used to achieve that. Seems ...

Needs some guidance to start trading

Well some may disagree but I think learning to trade any instrument (not just fx) and their options and being able to or having someone write some code .. is perhaps not necessary but puts you ahead of most. I believe the most optimal and safest way ...

Needs some guidance to start trading

From what I read retail is atleast 1/4 of the spot market. I would say the "don't affect price" is part right and part wrong. The wrong part starts when whoever you sent your order to reacts to it and sends their own order to some other company - ...

Does Retail S/D affect the interbank market?

If someone wants to read some bits about trading that's for sure been live and not demo... try this google search: site:wsj.com .pdf trade

Were you one of the world's best traders trading demo?

Well even if this drifts to goldmans 0.8 I still keep to my "buy below 1.1".

EURUSD

Just accumulation for a move (or algo trading, maybe accumulation comes later). Think lot of people got stopped out by the friday move as they were no doubt expecting push to 1.08 - it might've been possible to get to 1.08 but there was strong ...

EURUSD

Entering for this kind of move has the risk that it collapses like the spike friday (sort of promoted by my saying of buy below 1.1 ). Not suitable for doing with some brokers I hear. Of course if you know what you're doing it really doesn't ...

EURUSD

I don't read forums for ideas but that is along the lines of what I see setting up.

EURUSD

Someone sending a strong signal with a clear target if anyone is paying attention. (ain't me and this is not a recommendation to do anything, safest play could be to scale in and out while trailing stops)

EURUSD