Originally posted at forexfactory on February 27, 2011 http://www.forexfactory.com/showthread.php?p=4432523#post4432523 Ohh man.. where do I begin? Thinking about long term fundamentals is useless unless you you plan on placing a few trades a year and holding through 500-1500 pip drawdowns. As for USD losing its status as safe heaven/world reserve currency. Currently that is baloney. …
Someone asked me why I was bashing some of the technical indicator strategies. I told him I don’t believe in them. There isn’t anything wrong with them. I just don’t believe they generate order flow and move the market. There isn’t anything wrong or evil about other forex trading strategies. There are all sorts of …
The beauty of order flow trading is that it takes a lot of work in order to achieve the mindset and trade profitably. The advantage is that most other people do not do order flow trading properly, or are not willing to do the work necessary to achieve that level of success. Since it is …
Back when I was learning order flow trading I would be skeptical about how much trading and market knowledge my brain could hold. I was reading all sorts of market articles, analysis, statistics, news, forum posts, interest rate announcements, speeches etc. It got a bit overwhelming at various points. I probably thought my brain …
Let me throw in one of my thoughts regarding order flow mindset, which I have ingrained within me. Either you are placing trades which are impossible(or near impossible) to lose, or you are providing liquidity for those that do. Click Here To Get The Free Report
There have been several discussions over the years about the similarities between forex traders and poker players. Whether there are on the trading forums, in articles, or even hedge fund managers play or have played poker in the past. Steve Cohen even said in an interview that poker taught him “how to take risks.” I …
As a trader you have three choices, you can fade it, play the cascade, or…. Staying out? Staying out until a better, clearer inefficiency presents itself is a very viable, reasonable option. Click Here To Get The Free Report
Trading in the financial markets is a rather unique profession. You can place bets on any type of financial instrument across the world every day. You can buy and sell breakouts, on retracements, in the middle of consolidations, you can do whatever you want. You can be placing bets in certain stocks one day …
You can use option information to trade. You may or may not need to rethink the way in which you use the information. Option activity is not the only thing that is going on. It is not the only thing that is generating order flow. Sometimes the market is highly sensitive to option activity on …
As I look back on my trading journey, I find it very ironic that I started off with with charts, technical analysis, price patterns, etc, because I wanted to avoid the news, economics, global macro, order flow. I thought it was information overload. I wanted the easy button, and thus chart based analysis is …