Ok the market maker has a large buy order on his books.But he cant just offload that onto the market in one large order so are you saying that he will place a block sell order at a certain price,say a big round number to create the resistance.Then ...

There are no secret patterns and there will never be one

No plan — Just stumbled across this thread.In one of your posts billflet you say "some people demo trade for years learning to trade well".Thats me in a nutshell,i can trade loads of different systems that i have backtested over years of ...

Achievable Goals

Quote from larry — "Dealers lose to well-informed speculators because they end up being on the wrong side of the trade.Prices tend to move against their positions before they can trade out of them.Dealers recover their losses to informed ...

What happens to my orders

Present — My wife keeps asking me what i want for christmas?Trading and Exchanges:Market Microstructure for Practitioners by Larry Harris please.She asked me if ive lost the plot.Trouble is now i have to wait for christmas to read the bloody ...

What happens to my orders

hedged bets — Say you have every man and his dog buying the euro all day long.The price is shooting for the stars,the broker has no sellers on the book how is he going to balance the book.Will he hedge these bets and how will he do it?

What happens to my orders

Know the feeling — Very funny.Thats exactly whats happened to me this week,three times trying to sell the usd/yen and twice trying to buy the eur/usd,no big deal though.The one time that we really know we can get slipped is during news and ...

What happens to my orders

So are you saying that because im trading a small account my broker will always take my order at the quoted price?

What happens to my orders

Thanks and a question. — Thanks for the article LasVahGoose and thanks for your input nubcake.This is what i am looking at regarding the eur/usd at moment.Lets just say that i want to buy at the market price,my brokeris showing 1.36500 to buy ...

What happens to my orders

Trailing stop — Thanks for your explanation of your trailing stop.So on that eur/usd trade you watched the price drop 750 pips before moving your stop.Well done i dont think i could have done that myself but its paid off big time for you.Nice ...

The DIBS Method... No Free Lunch continues

ezz — Very very nice trade on the eur/usd congratulations.I missed that one.However i do have various open trades so still happy.All my stops on these trades have been moved to just under the 1.3700 would you mind giving me a clue as to what ...

The DIBS Method... No Free Lunch continues

bet size — Whilst the market is trending like the rescent eur/usd run i will probably make money,however in a ranging market i could loose the entire account in the 100 days.So i thought reducing the bet size to 0.25% per trade.This would ...

Mechanical Trading

backtest — nubcake I took your advise and did a little backtest.I looked at the last 100 days of the eur/usd.Their were 15 surviving trades worth 12887 pips.Say the other 85 days had trades taken with the stops getting hit,that leaves 8637 ...

Mechanical Trading

Question — ha-pattern So the best case for this idea is that we luck into a strong bull run on day one that lasts for the full 100 days giving us multiple trades that we can exit on the last day for a profit? The worst case is we enter the ...

Mechanical Trading

usd/chf — Possible downside breakout on usd/chf?

The DIBS Method... No Free Lunch continues

Trade from yesterday on aud/usd.Price broke above july 2008 alltime high@ blue line.Price bracketed for a few hours then broke back down below the line.This morning price came back to the line and back down again.Now just waiting for price to come ...

The System III (Oh no!)

Stop at breakeven waiting for monday.

The System II (Yes with irony)

Hi feb just like to say a big thanks to you .This is a whole new ballgame to me now. Anyway thanks again.

The System III (Oh no!)

Anybody looking at this one?

The System II (Yes with irony)