Pipmutt, true, but the irony is the more frequently you trade, the more important execution and spreads are. Yet, i'm fairly certain that the more frequent traders on FF are, the more likely they are to be using a bucketshop rather than ECN. In ...

Defining who is a better trader...

Quantative edge number 312. It's a myth.

retracement of large candles - true or myth

Agh, I vowed I'd sit out on this thread but Peter, I always liked your posts, so briefly... "As I understand it, a major order may have to be filled in stages due to the need to keep a level of secrecy or simply due to the available orders resting ...

(binned per thread starter's request) Behind Price-Orderflow

"You can't win anything in life on the back of someone else's confidence." Best quote of this whole thread. That's a story with heart and soul Daytrading. A related question - Schwager always seems (seemed?) to me like someone who was constantly ...

Forex Mentors - The Best Investment You Can Make?

I love this one. It's an outrageous idea. I can't decide if I wholeheartedly agree or think it's complete twaddle. Has your view of all the Market Wizards stories changed from your first reading?

The Ed Seykota Interview in "Market Wizards"

Ransquawk if you must hear it (free is 30 secs delayed). IFR if you don't.

Who knows voice news announcement

Pipmutt, by whatever definition you give him, he's just a successful trader who's prepared to show people how he does it, and explain his decision making process. At the risk of repeating Daytrading, Jacko's actual system has zero expectancy in ...

Forex Mentors - The Best Investment You Can Make?

Toshi, plenty more of that where it came from. Some of it's been quite enlightening, other stuff just confirms what you're bound to know if you're trading discretionary (the importance of midnight open for eg). I'd forgotten about goodthings too - ...

FX Statistics

I disagree with the one way JT - it depends on your size. Huge scale traders are trading on fundies because they absolutely have to. You can't work in multi billion pound positions without it moving the market, so you're looking at what moves the ...

Are the best systems also the systems that fail most spectacularly?

Good idea Toshi, about time something of substance materialised eh? Here's two to kick off with with EURUSD 1) Volatility (hourly h-l) throughout the day (GMT) 2) Time of max being hit & volatility combined 1) may not hold that many surprises, but 2 ...

FX Statistics

PP, news trading with Oanda, specifically, had its bubble burst, and Olsen stepped in and changed their business model. Even now, Oanda has the highest spreads at news time of all the retail brokers, far higher than ECNs and other NDD models. ...

(binned per thread starter's request) Behind Price-Orderflow

Porkpie: "To think this will change the dynamics of the market is ridiculous." Famous last words of the slew of news traders in Oanda a few years back Porkpie. Retailers acting in concert can and do affect the market you're trading in. I didn't PM ...

(binned per thread starter's request) Behind Price-Orderflow

DT, this hasn't been my experience at least in the discovery of an edge, only in the application of one. Now, out of thousands of systems, I would only classify three of mine having any worth, and they all share the same characteristic. You can ...

Long term Profits within Negative Expectancy

Perfectly put and all the maths in the world don't change the market structure and how price forms. If the market is random, then: - there is no link between where price is going and where price has been (ergo, there is no support and resistance) - ...

Long term Profits within Negative Expectancy

Glad you popped up. Since I wrote this, I've tested this in detail, and in short, despite it seeming sensible, mechanically, it doesn't work above anything other than around 0.5 pips, and at that level, my testing & data just isn't good enough to be ...

Price improvement strats with ECN

A) Faith. Faith deriving from: a) having created and tested it myself with all the blood sweat and tears that it involves, b) having not optimised it to death, c) seeing noone else publishing anything similar d) confidence I could actually do it e) ...

Long term Profits within Negative Expectancy

Liquidity problems - which is why when FXCM were looking for non-discretionary strategies with a good track record for their investment funds, they wouldn't accept any news strats because of the problems of scaling them up I presume. Interesting DT, ...

Long term Profits within Negative Expectancy

This thread is turning into one of the best on FF. Daytrading, of all the inefficiencies you capitalise on, do you choose the single most profitable or diversify your strategies? Is diversifying more profitable in the long run, or does it smooth out ...

Long term Profits within Negative Expectancy

Well yes, that's what he meant, of his customers. However, if you're a big broker, the more statistically relevant your dataset is. From memory too, the futures market has something like an 80% failure rate. Chicky, now that is interesting. Any ...

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