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Monroe replied May 26, 2011Yes it can work, the rules are the important part... threads like James16 s/r PA for example can work, they try and make it simple, though it requires time and discipline. When I look at it, I know it involves lots of stuff that are in the rules ...
Thinking Outside the Box!?!
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Monroe replied May 26, 2011No sir Adal, I did not forget. I agree with the second part of your statement, no argument there. I was just saying looking at 10% of the retail market where strategies vary so greatly, it doesn't make much sense. If we are talking about ...
Thinking Outside the Box!?!
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Monroe replied May 26, 2011Fair enough. I don't know about those figures... and also retail traders are all over the place so it still seems useless to me even if they are 10%.
Thinking Outside the Box!?!
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Monroe replied May 26, 2011what papers are these? do you have a link? I can't see professionals giving a rats ass about FF or retail sentiment... but I am curious...
Thinking Outside the Box!?!
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Monroe replied May 26, 2011Looking at the news after you see a big spike is not what I'm talking about, I think you're implying a news event... which is a different then what I am talking about, although I have a strategy for that as well. I trade news for very short term ...
Thinking Outside the Box!?!
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Monroe replied May 25, 2011I think you can trade profitably and develop systems simply trading S/R and PA without looking at news even intraday, so I'm not arguing that at all... however like Marv said, I keep it just to be aware, and I also trade them for very HP short term ...
Thinking Outside the Box!?!
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Monroe replied May 25, 2011nice, I was just commenting on the No Brainer trading s/r strategy. From what I read, he advises getting the info and look at what is going on and what could happen throughout the day even before looking at a chart and setting levels. I would also ...
Thinking Outside the Box!?!
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Monroe replied May 25, 2011BIlly Ray knows the deal... He might not be involved at all with this orderflow thing around here as we know it, but you can see his strategy is not really a "simple" s/r strategy, he puts a strong emphasis on sentiment and fundamentals and news ...
Thinking Outside the Box!?!
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Monroe replied May 17, 2011I never saw that movie, I heard it was good, I gotta get around to it one day....
Order Flow - Achieving the mindset
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Monroe replied May 17, 2011risk-on/risk-off in other markets causes algo's to buy/sell in fx as has just been brought to my attention from IFR, but I read that all the time. Obviously seems like legit order-flow to me. If it's a rangy/choppy session with not much in the way ...
Order Flow - Achieving the mindset
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Monroe replied May 16, 2011do the wallstreet shuffle... doo bee doooo watch the greenback stumble, hear the sterling crumble.... you need a yen, to make a mark, if you wanna make mooooneeeyyyyy lol that's awesome I want the soundtrack.....
Order Flow - Achieving the mindset
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Monroe replied May 11, 2011It doesn't take much time to just breeze through the info... you don't NEED to use all of them I just want to make sure I didn't miss anything. but it shouldn't be info overload. If I wanted to cut it down, I would just go with bloomberg and reuters ...
Order Flow - Achieving the mindset
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Monroe replied May 10, 2011oanda fxnews feed... open a demo account... plus you get 4cast and the DJ newsire... good stuff for free...
Order Flow - Achieving the mindset
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Monroe replied May 10, 2011CindyXXXX - Don't just use one source... Before anything, read up on bloomberg.com and reuters.com there you'll find what the market is focusing on, whats the story in play etc, whats going on across markets... Then read IFR and forexlive briefings ...
Order Flow - Achieving the mindset
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Monroe replied Apr 27, 2011I like watching 5/1 minute charts around the area's depending on the volatility.
Order Flow - Achieving the mindset
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Monroe replied Apr 26, 2011and when we bang' em, we make sure we bang' em HARD... video
What kind of music you hear while you trade?
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Monroe replied Apr 25, 2011love this band... video video
What kind of music you hear while you trade?
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Monroe replied Apr 25, 2011I think it really boils down to confidence... if you truly don't believe that you can, then you can't. If for any second you're doubting yourself or your ability in anything, you're wasting your time, it's weak and your being a bitch... get that out ...
Order Flow - Achieving the mindset - Part 2