Originally posted on the forexfactory on Dec 15, 2007 Normally the risk aversion would enough to put a bullish tone on the JPY, except the dollar has been extremely bid the past 2 days that it was able to overwhelm any selling pressure that came from the risk aversion The only currency that was …
There are only two things that can save you from taking losses on a trade, and only two things. Those are order flow and liquidity. That is it. If you are stuck in a trade and you are down 50 pips lets say, and your stop is 100 pip away, the only thing that is …
Gisele Bundchen Euro Gisele Bundchen dumps dollars in favor of euros. Originally posted on the FFactory on Nov 4, 2007: http://www.bloomberg.com/apps/news?p…diY&refer=home I wonder who is next in line to jump on the bandwagon… Click Here To Get The Free Report
How do you define a volatile market? How do you define trading volatility? When is a volatile market trade able and when isn’t it? All very important questions to ask. Let me first say what a volatile market is NOT. If a currency pair is stuck in a 50 pip range, that is NOT volatility. It’s just …
One of the most irrelevant questions I get asked is, how many pips did you make during the week or during the month? It doesn’t matter how many pips you make. It is the wrong question to ask. Let me explain why. Lets say the trader asking me the question made 500 pips during the …
Many aspiring traders spend endless amounts of time being spectators in the market instead of actually trading it. They watch the charts, analyze the market, tweak their indicators, place some lines on their charts, and do so for weeks or months straight, only problem is they never end up placing a trade. They constantly remain …
The three words you need to know and understand masterfully: Order Flow, liquidity and volatility. Whether you trade forex, commodities, stocks, bonds. Those are the three principles that you need to master to be a successful order flow trader. Those are the three pillars of successful trading. Never forget those words. Order flow, liquidity, and …
I hear a lot of people complaining about suffering from information overload nowadays. They may have a point – it depends on what type of information are you getting overloaded on? Are you overloading your charts with ten different technical indicators, that each of which by themselves, or taken together, will never generate enough …
What happens when you combine oil money with Goldman Sachs? Well in Libya’s case you get a 98% loss according to the WSJ article: Libya’s Goldman Dalliance Ends in Losses, Acrimony There are very important lessons here for order flow traders. Pay attention here we go. Libya’s sovereign wealth fund invested in financial instruments it …
In many business categories, less than 5% of the people experience extraordinary success, consistency, income and wealth. The other 95% fall into the mediocre majority and usually fail and are frustrated for life. There are stark differences between people who are in the 95% mediocre majority category and those who are in the 5% high-achieving …