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I like ScotiaBank, Danske Bank, BNP Paribas...Deutsche whenever available...

Something I'm currently playing Here's a combo of the sources/info I use to initiate my positions in the market. And a nice momentum step at a key level (o/n high + yesterday's high) with lots of space to move still. Let's see how it plays out. Initial target is the...

Hey Svejed1, i think you're confusing "retail sentiment" (which is basically an aggregate of what the broker's retail clients are doing) for "market sentiment". I'm not even talking about the COT index here. That's another matter altogether (which is important though). As I've said in the...

Metastock Xenith as far as I know is a top knotch service, which costs a lot less than Eikon. For my needs, the OrderFlowTrading.com free newsfeed + twitterverse + Reuters.com gives me all that I need. I think the guys at OFT have contacts at Reuters or DTCC because they post consistently...

I still think simplicity is best... UK had some disappointing data...EurGbp bids are helping push it down..the orderflowtrading newsfeed showed this: Couple of decent shots to short this thing today: about an hour before the data this morning (so not news trading so to speak), and on...

I'll throw my 2 cents into this pot. I think the answer to the question starts with "what are your objectives"? I've seen no reference to time frames here, or to trading style or time availability. So i'll proceed in a general manner. If I'm trading for short term momentum moves that...

Hey salubrity thug (love the name :-P), thanks, I'm glad that someone else digs "simplicity". Pull up a chair and join the conversation if you wish :-)

Well I must admit that I agree with the possibility that EurGbp is trading on stretched psychology...just look at the reaction yesterday off last week's lows...and today there was a continuation step through 7912 as you say. Also, we agree that 1.3500/20 is a key area and 8630/50 on Kiwi. So we...

Svejed1... You are actually adding to your position on dips? I really cannot justify this stance unfortunately. This is not orderflowtrading as I interpret it. In my opinion (fwiw) you're trying to fade everything. That's not a wise proposal at all. Fighting the tide (sentiment) carries...

Was it worth attempting to step into EurUsd or GbpUsd this morning? Not before the key data releases due... slightly negative expectations for the Eur data, and solid numbers expected from UK...sentiment is negative on both even if more so on Eur...so let's see what happens.

Some thoughts on Kiwi, which has the clearest sentiment this morning. and you can match that up with the orderboard for Kiwi created by the guys at OrderFlowTrading.com Never chase the market...when you chase, you end up selling into a zone of prior demand (where new orders are...

Hello MFBreakout, I'm not too familiar with his method...i see it has to do something with the opening range...in FX you could use the Tokyo session in a similar fashion but then again, if it ain't broke, don't fix it! If you're doing well in Futures, then stay with them :-) FX is more...

Hey JC, i don't have an answer to the question "which zones will hold"...because in trading we're dealing with odds (like in poker) and not certainties. So there will always be exceptions to any partcular rule you might attempt to create. So you don't need to "decide" anything before hand...

And if you've developed a method that allows you to work off these edges and you're happy scalping away, then by all means keep on doing so! There are many ways to skin this cat and it doesn't matter one bit that I don't support scalping: if it works for you, then keep on doing it! And if you're...

Hey Svejed1, first of all thank you for posting your question...i think there are many silent lurkers watching the thread but few actually jump into the ring :p So my first question is this: why would you want to sell USD in the first place? In my experience, one piece of data (with the...

Hey Username, good question! I am going to take the opportunity to expose one of the issues I had a lot of trouble overcomming. Basically the majority of those who set out to trade get focused on "the entry". It's a mentality like "show me how to enter and I'll replicate it and make tons...

Onto the main data for today: US CPI + Existing Home Sales. It's always good to take a look at the macro calendar and find out what the market is expecting/pricing in. Then, if you have reason to believe the consensus is imprecise - or more recent data points to some other scenario, then you can...

And the Euro is continuing in line with hte negative sentiment that surrounds it. Here is the 4H chart along with the order levels reported by the guys at orderflowtrading.com As we can see, the market has worked through the bids down here and has also probed the stops below last...

So even during these summer doldrums we have the opportunity to view the relative importance of "pure technicals" vs. "sentiment". Yesterday we noted how AudNzd was bumping up against a swing level and depending on the reaction, it might be worth a shot for a short. So what happened? Offers came...

NzdUsd acting as expected this morning, rotating lower off the reported offer area. Usd bulls back in the driver seat. We are now playing with the current week lows/weekly open, which will be the most important hurdle on the way towards the bids at last week's lows. The Euro diddn't even...