Recent content by DigitalGeometry

For those outside the U.S. not already familiar with BASEL III, this brief overview will give you a conceptual idea of what the new regulation is supposed to do. Simon's point is that Basel III [by itself] is simply not enough to prevent what's coming. Basel III Conceptual: Why does Basel...

What Simon Johnson (former Economic Counsellor and Director of the Research Department at the IMF), has to say about the sad state of affairs with respect to the banking situation globally, should send chills down the spine of most people around the planet. Yet, somehow I don't think that many...

Very true. When the liquidity providers do it, they are merely offering prices as they see fit. However, they can also see both depth of market as well as all stop orders submitted electronically. I don't doubt for one minute that they have a view of the broker's back-end that gives them this...

I missed that slice of heaven - thanks! All the more reason for the retail FX brokers to start designing their own bespoke trading algos. The brokers don't have the ability to stop the banks from Stop Grazing. I'm calling it Stop Grazing because this is where the banks "graze" on traders. It...

Skipping the stuff that's actually being sold in the video (just ignore it) - I thought this was a fairly eye opening 39 minutes. It confirms several of the more intriguing suspicious that I had about Banks and how they might be manipulating price behind the scenes. The finally get testimony...

I actually re-wound the video. He said: Wow. And, he calls these little games "solutions." Solutions to what? LOL! Oh, yeah. "Solutions" to make trading difficult for the "Customer." Hmmmm.

Aaaah, yes! We finally get some honest at 29:10 when Batur, actually admits that there is a Spread Widening Button that the banks use to make life difficult for the smaller fish in the ocean of retail FX. Hmmmm. This flies in the face of what most retail brokers tell you. Of course, the...

This is definitely a video worth watching for the retail forex trader. Listen to what Batur (former Deutsche Bank & Credit Suisse Trader), has to say about "stop levels" and "spreads" and "the order book." Better than getting him to post his comments here.

Position the entry on the right side of the density probability for price to return to some historically significant level and do it with the correct timing connected with enough magnitude for the return trip and the direction takes care of itself - leaving little room for a high degree of...

"Which direction the market will go," is an undefined statement. Will go for "how long," is a better approximation. Will go and with "what magnitude," get you even closer to what's truly important about trading. Will go for how long, to what magnitude and with what degree of probability, is...

Do your homework. Absolutely, none of the above would do for my live trading account, if I were still a retail trader. Those that you have mentioned above are all Arcade Style Bucket Shops - every last one of them. If you are in New Zealand, then by all means try DCFX, when you are done with...

Yes, but the Per Unit Profitability is significantly less with CME than with straight spot. In other words, I can create a steeper angle in my equity curve with spot than I can with CME, if I am a good and consistent trader. The pip has more value, even when it works against you when you are...

Homework. They are limited in number but there are some retail/commercial intermediaries you can trade with having a degree of confidence that your execution and pricing is being handled as straight forwardly as possible. But, you have to do the homework.

Interesting question. With most (not all) retail platforms you will notice s l o w e r less precise fills the higher up the notional value food chain you go. That is because retail brokers do not execute your position against the true Interbank market. Your question actually proves that when...

I'd advise against unregulated anything for any level of trader. How does the trader know if they will ever see their deposit again, let alone any profits they accumulate over time. Anyone can open a brokerage off-shore - it is not that difficult at all in low-regulatory environments. The...