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I am a reformed ex-vendor with my own trading operation, but that doesn't mean I don't offer occasional ideas and consultancy to interested persons. But I learned long ago that Forex as a market is very money poor indeed. It seems all the money is in the Stocks, Futures, and Options people who...

A VIDEO explanation of how Thinking in Currency and usage of realtime Currency Trend Analytics supports sound decisions, with or without knowledge of the news events. The example is today's 350 PIP upward move in EUR/USD due to ECB's decision to continue quantitative easing and support of...

Sure, the idea of reversion to the mean or "middle of the pack" is not anything new, but I don't think I said it was new. I was applying the idea to the Currency Strength indices, where it probably isn't used that much in practice. When there's a multi-week history of Currency Strengths, then...

Yeah, if someone wants to buy the rights, they can license it... And probably a Bot could implement a reasonably successful strategy but, near future I'm planning to use trader interpretation as the primary basis for entry. I was also considering a micro scalper which was able to sell "Over...

Hey I thought I'd start this thread to show you a new way to trade Forex. Now, this is all a revelation to me because I come from an "ex control freak" background and short term trading perspective. But, having put a year or so into this Currency Strength facility "on steroids", I have...

Hey, thanks for that. Baxter looks particularly interesting for larger trading operations. HyperScalper

Correct me if I am wrong, since we went directly with LMAX as the broker. I believe your information is accurate when LMAX acts directly as the broker, as distinct from LMAX as the exchange or trading venue. However, there are IB's "introducing brokers" for LMAX which I believe may offer lower...

Thanks for posting that information. I'd just like to give my perspective on these fees. For me it's a negligible monthly fee even if the minimum turnover volumes are not met each month. Just the value of wholesale buying power is an incredible advantage. We were not charged for every month...

Yeah, well my understanding is that this is AML "Anti-Money Laundering" standard procedure. My guess is that arrangements can be made once you're a "trusted client" to establish other withdrawal methods, but that's only a guess. There's no getting away from this KYC "know your client" and AML...

Here is their live Book, and it is fascinating to see how each participant, no matter how small their order quantity, is represented on what appears to me to be a completely transparent and fair level playing field. My tests bear that out as well. So LMAX has passed our testing requirements...

I'll just chime in briefly because these data are using the Java API. LMAX wants a $10k equivalent account if you use them as the broker. Everything is negotiable, however, so we started with only small funding, as we needed to develop S/W and to evaluate the liquidity claims, and also wanted...

I wanted to show that there are really two ways of using a "fast" exchange, such as LMAX to obtain a "price advantage". We've been discussing placement of limit orders outside the market, below the Ask/Offer to Buy and above the Bid to Sell. This approach requires the trader to "wait" for...

Good point, trades cost commission and there's always an "opportunity cost" just to enter the market. So "over trading" without good "analytics", just "randomly" is a big big mistake for any trader. Analytics for micro scalping are very different from those in other styles of trading, just as...

Interesting, but I'd like to clarify a possible misunderstanding your post suggests. Their apology was not due to any problems with executions. Rather, this was just customer service SNAFU in funding the account. In executions, it appears flawless to me so far. HyperScalper

Here's a Long Scalp during extremely slow market conditions, so we see less price improvement than at other times. Some small "nibbles" in partial fills also show up. As liquidity dries up in slow markets, our pricing is closer to full retail as you can see. 11-20 18:14:26.662 GBPJPY BUY B*...

Well, the term "ECN" doesn't mean much. Dukascopy, which is a fabulous and well-respected Retail brokerage, says it has an "ECN". But when you try and find liquidity inside the spread, sadly, it's not there, because your only "retail counterparty" is some Dukascopy brokerage client. The...

Continuing to publish preliminary test results, the following shows LMAX price improvement in GBP/JPY with a trade just taken. This may help to clarify some of the discussion on on "price improvement" or "liquidity inside the spread". Keep in mind of course, that at this stage, fairly small...

I completely agree with volpunter's remarks. Many of my statements sound like advertising for LMAX, and I have no affiliation with them, but it represents the closest approximation to a "perfect" exchange in which every trader operates on the same "level" playing field. Most "ECN" or "STP" are...

Hi, good question. The way I see things, in simple terms, is that in Retail Forex we moved from "Dealing Desks" to more electronic matching systems, whether they be called "ECN" or "STP" and I think LMAX is simply a further step on that evolutionary path. It's giving the "smaller trader" (the...

A more popular Currency Pair, EUR/USD has much tighter spreads, often down to 0.1 PIPs, typically around 0.3 PIPs does also show some price improvement, but this is less of a factor. This post shows that price improvement is seen, and a Multiple Entry Incremental approach to the trading can be...