Probably the most important truth that I've learned from my banking and hedging experience is that dealers and fund managers care only about their bonuses. That changed my perception of markets and trading. Regarding the binaries, you can treat them ...

Is anyone here an institutional trader?

After Refco, MF Global and PFG went out of business, I don't recommend brokers. Regulation in UK or US is OK.

Is anyone here an institutional trader?

palabara, seeing the market from different perspective is certainly an advantage. My experience as bank trader and corporate risk manager helped a lot to cope with the current low volatility environment. I traded options for hedging of the price and ...

Is anyone here an institutional trader?

You speak like politician, not like trader. How you deal with the slippage and how often you see 150 pips price move recently? Simple questions.

Central Banks & Big Players

Your strategy rules are strange to say the least. Sometimes the slippage could be huuuge and your stop will be twice or three times larger. The targets are funny. 150 pips is the range for a few days for most currency pairs. If you want to gamble do ...

Central Banks & Big Players

Stop at +3p after the break of the last swing high

Following the big money

Post UK Mfg PMI STE

Following the big money

Absolutely.

Is anyone here an institutional trader?

It depends with which banks you have credit lines. I was trading mostly with Deutsche Bank's Autobahn and Barclays' BARX as well as SocGen's platform. Some deals with Reuters Dealing, but it's old fashioned and Bloomberg is much better. My trades ...

Is anyone here an institutional trader?

You can trade any size on the FX interbank market. It's funny, but my smallest trade as a bank FX trader was as low as 200 (two hundred) euro. I was surprised when I had a phone call from the back office asking me "what is this 200 EUR/USD trade. ...

Is anyone here an institutional trader?

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Following the big money

I use the TV and ATR only for volatility analysis. Quote reading is my best tool for guessing the volume (size of the ticks, TV and consecutive ticks in one direction). This is the best filter I've found so far to decide whether to take or skip a ...

Order flow trading thread

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Order flow trading thread

For the analysis of volatility I use the Average Range, but the chart is the same as for the Tick Volume.

Order flow trading thread

Tick volume is only part of the quote reading. You need the size of the ticks and the number of consecutive ticks in one direction also. First case that you show is during the Asian session. There is no sufficient liquidity for a short squeeze.

Order flow trading thread

The initial reaction to a major news provides the perfect liquidity for the beginning of the squeeze. Probably some small stops below 1.3650 were used for the same purpose. I draw my road maps every morning and determine the levels with large ...

Order flow trading thread

An example of order flow trading. Short-term specs were short after the post ECB sell off. Bids in the 1.3650/40 zone ( url ) contained the downward price move. The daily range was higher than the ATR20. Perfect conditions for a short squeeze. The ...

Order flow trading thread

you can get idea of the volume in FX by reading the quotes. larger quotes mean that larger orders were filled and if the TV is higher that means that the traded volume should be larger. FX is an OTC market and only the dealing desks at larger banks ...

Order flow trading thread

Tick volume is a measure of volatility. To have a better idea of the traded volume you need to watch also the size of the ticks.

Order flow trading thread

I'm not. For 15 years I've learned that you must impress only the market. There's no point to impress the others and loose money trading.

Order flow trading thread