I was really hoping that I will never have to reply to your post again. That's why I tried to be really nice when replying to your 1st post and explaining why it was 90% crap in a non-offensive way. What a waste of time that was. Now I will waste my ...

Just a bit of advice, for anyone, for free

Such an excellent post Skenobi. Real experience speaking for itself. USDIDR and USDMYR almost impossible to trade these days, it's a pure disaster. Anything north of 30 bucks and it's all over the place.

Is anyone here an institutional trader?

Now I finally understand what you meant by this my friend. Already terrified about how much of a ridiculous wishy washy BS I have to reply to. Even worse is when the people 100% believe they know and understand but they don't have a clue what ...

Just a bit of advice, for anyone, for free

That kind of SL / PT size is doable I agree. I would still recommend 15-20 as a minimum, but that's just a question of preference I guess. I was rather referring to 5pips SLs / PTs implemented by some traders around, that's a pure negative ...

Just a bit of advice, for anyone, for free

hey FXEZ, this was an excellent and very easy to understand explanation of what i was trying to say, well done

A jump to the beginning - chaos and market forces

Guys, I will try to reply to other posts in this thread tomorrow or on Saturday, and will also talk a bit about recent market behaviour examples where a trader with relevant market knowledge could have extracted very nice profits with limited risk.

Just a bit of advice, for anyone, for free

hi wp3vv, as promised, just wanted to correct some of the things you spoke about What do you mean by swap-auction market? Not quite sure what that term stands for. Spread / commission business in FX is not that lucrative for banks anymore, because ...

Just a bit of advice, for anyone, for free

hi wp3vv, thanks for coming by and contributing I will come back to this later and fix some of the things you mentioned which are quite not correct, hope you don't mind.

Just a bit of advice, for anyone, for free

Not sure if I 100% understand what you mean by this, but if not please clarify because I am interested to know what you mean. Just to add to your points for the others (if i understood it well): I completely agree that underlying ideas are very ...

Just a bit of advice, for anyone, for free

Good to see you around! Too tired and very busy today, I will think about your post tomorrow.

Just a bit of advice, for anyone, for free

Maybe try to read my previous reply once more and it might make more sense. When we are talking about the first spike after the event, especially events which are known to happen ahead like ECO releases, FOMC, ECB etc. (however large the move is) ...

Just a bit of advice, for anyone, for free

This is a wrong assumption. For the sake of simplicity, imagine the market is created by 10 market makers and another 10 risk takers. There are many events happening during the day and these market makers will be quoting different bid/offer on their ...

A jump to the beginning - chaos and market forces

Look, I think everyone should do whatever works for him/her. I was trying to give some advice to beginners, because here in my view scalping is a negative expectancy game because of transaction costs. I have nothing against using small timeframes, ...

Just a bit of advice, for anyone, for free

"Huge volumes must be involved" - that is not true, it's rather the opposite. Spikes around news releases / significant market events happen on low volume because the liquidity in the market dries up, i.e. you normally can't trade in size. All the ...

Just a bit of advice, for anyone, for free

It's always the case. I have nothing against people who are selling something or mentoring someone, what I dislike is that some people like this are misleading beginners by overstating the benefits of that product (whether it's a course or a ...

Just a bit of advice, for anyone, for free

Thanks for advice David.

Just a bit of advice, for anyone, for free

hey NT, yeah I use interactive brokers as well, but use them for more of a long-term investing stuff in stocks, ETFs etc. Honestly I find their platform ridiculous, it just feels to be soo bad, I couldn't even understand how to trade FX from that. ...

Just a bit of advice, for anyone, for free

C, thanks a lot for good advice. I will look around and see what are the options. I have a very good friend of mine who is a quant HF guy who has been developing automatic strategies for couple of years with some decent success so I think I am going ...

Just a bit of advice, for anyone, for free

Not sure if I can post bloomberg charts here because of possible compliance issues, so will have to install MT at some point and then will try to show you some examples.

Just a bit of advice, for anyone, for free

hi C, I was actually thinking about some models / EAs for my own personal trading account. It is actually a very funny situation with regards to personal trading for me, as there might be a conflict of interests given my job. My company has a policy ...

Just a bit of advice, for anyone, for free