Rumours in the fx market are usually about things like options barriers and expiry, central bank intervention, and significant orders, all potentially market-moving. You ever heard of the saying 'Buy the rumour, Sell the fact'?

Rumor of bad news for GBP

If the information was complete and included all order flow as well as all market participants motives and future intentions then yes, I would say most definitely it could be put to practical use. I think the problem is that no-one has that ...

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

Ok, I'm none the wiser! Can anyone give a practical demonstration of this OF trading in action, preferably in real time? There seems to be lots of conjecture, speculation, and innuendo but not a lot that anyone can actually use in the practical ...

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

True, but their 'football' is a better spectator sport, don't know about you but I got fed up with the WC after the first few games! Anyway.....Cable dropped a cent and bounced half a cent, nothing too out of the ordinary really so what happened to ...

Rumor of bad news for GBP

That's like 'Out of the frying pan, into the fire' as the saying goes, Eurozone's in worse shit than we are in UK! .....but Germany are playing some great football!

Rumor of bad news for GBP

Yeah I wouldn't put money on that philosophy if I were you!

Rumor of bad news for GBP

What kind of bad news? Geopolitical? Economic? Currency specific?

Rumor of bad news for GBP

Welcome, there's a shortage of suitable candidates around here lately!

Read what the experienced traders say, then forget it!

Ha, I like it Good post, though I expect quite a few will disagree with some of it, ie the title! They got experienced by......experience!

Read what the experienced traders say, then forget it!

Not an advocate of the mechanical approach then? I believe it's possible to learn a simple but profitable strategy, the problem comes in developing the psychology and discipline to apply it. Is psychology and discipline an art or a state of mind?

Psychology, Trading and You

Good point, both physical and mental health, trading can take it's toll on both.

Who is your friend in FX?

Demo or not it doesn't matter, but to learn something from it you might want to analyse why it didn't work before shooting off to another pair. Why were you looking for a short, was there some bias there apart from technical? If you're trading Fibs ...

What do you experts think of this trade?

"Keep your friends close, and your enemies closer." Sun-tzu Chinese general & military strategist (~400 BC)

Who is your friend in FX?

There's nothing wrong with taking obvious trades! But is it really that obvious? Price also bounced off 50% (1.2171) of that whole up-move (1.1875 1.2467), maybe it's a long. Personally I would wait for a break below the previous low at 1.2151 to go ...

What do you experts think of this trade?

Yr brøker!

Who is your friend in FX?

lol, "Stupid is as stupid does"

Margin Call

There's novice...then there's just plain stoopid! — lol, where does one start.....don't think I'll bother!

Margin Call

We've already seen into your account, you were ridiculously overleveraged, got a margin call, and lost ~20% on one trade. Well good luck with that strategy! Just trying to help you in the right direction was all, but going by the transcript you ...

Margin Call

....and the award for most patient helpdesk operator goes to.... Anyway, what are you doing trading 3,200,000 on a 50k account! I'd forget about margin requirement for a minute and focus on the chapter called "Risk and Money Management"!

Margin Call

I believe you, very little surprises me any more when it comes to what novices are capable of doing in this market! As predominantly a TA trader (of sorts) I'd have to disagree. Different debate but I don't believe strategy is the primary cause ...

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