Bank order flow trading
|October 4th, 2012, 02:59 AM||#1 (permalink)|
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Futures Experience: Master
Favorite Futures: forex
Posts: 1 since Oct 2012
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Bank order flow trading
i have been trading forex for the past 12 years and been successful for the past 8 years.
i found a way and i think is the only way to trade forex, and i will tell you why.and hopfully maybe i will be able to help others to make money from yime to time.
What i found was how to figure out what Banks are doing. Buying? Selling? what do they think the market is going.
as we all know we have level II in Stocks and futures market but we dont have it in forex.
We actually do have level II in forex but the problem is each broker they offer their own order books which will limit us to know where the rest of the orders are coming from.
even if we can get the order flow from couple of brokers is not enough.
everyone knows about COT Data and you all know how powerfull can a COT daa can be if you know how to trade it.but even in COT data there is a problem which is not realtime and is a week old.
Now lets Say what someone could do if they get their hands on Banks order books and also they can have their hands on a Realtime COT Data so now you know what commercial inistitution are doing and what banks are doing at the same time and you basically ignore the dumb money.
Since i started forex trading i lost lots of money,until about 8 years ago i learned about Level II trading in futures market.i started implementing it into trading forex.what i do is i get some of the orders from a big hedge fund company that im fortunate enough that they will let me use their order flow,but even with that order flow it was hard to make money, as my account grow i started hiring couple of programmers since i could affored paying for programmers, and i have developed a software that i use personally to make money in forex,unfortunatly software is not for sale at all so please do not ask.
So what i do right now is i have a software that tells me and show me what other people are thinking.
let me explain more.
i belive the only way to make money in any market is not thechnical analysis. the way to make money is to be able to read other peoples mind.you have to figure out what other people are doing + what banks are doing or thinking(Buy or Sell) then when you get all these info you put them together and see if there are more buying or selling and u follow the big money.Simple as that.
just remmember market is run buy supply and demand nothing else , so if we can figure out if there is more buying for Eur/usd we should buy and if more selling we should sell.
as you all know 80% of forex or any market is phsychology and i still dont understand why most people spend most of their time looking for a system or robots.so if 80% is phsychology why do you spend your time looking for systems.no wonder most people (97%) are unsuccessful.
So Here is what i can do for comiunity.
first i heard many people claiming they have banks orderflow but no one is willing to show you their data or software.as i said before software is not for sale but what i do is i build a recording of my software working realtime so you see what im talking about and you see banks orders coming in and out.
what im willing to do is i educate the commiunity and also post my trades here whenever i see fit and i see strong buy and sell ,protective options barriers and stuff like these from banks.you can use these numbers as for your stops or targets.
follow me for 3 months and you decide later.
so as i promised.i will make a vedio recoring of the software.and explain to you what you should look for.
as far as trading goes.i wont be able to show you my software realtime all the time but i can take a screen shot when i post a trade and attach it to the blog.
it will make you job lot r=eaisier belive me or not.
if anyone has any Q let me know and we can talk more .