[steve46]

I am always impressed at how sophisticated spammers have become...it is impressive.

Second, at this point in my career I have no reason to mince words as regards my professional opinion. So to put it bluntly, actually PRICE ITSELF is a "lagging indicator"....this is especially true in currency markets where you have the influence of participants who can move the market ANYTIME THEY WISH and they aren't doing it to make a profit.

Next, it is nice to see at least one person who has an idea of how to play the game. While it is true that professionals prefer entering at wholesale prices (below so-called suppport), the art of the game is how to judge where that is based on an arbitrary distribution (and it sure as hell isn't at traditional support), where your profit targets are, the impact of news and economic reports on the time horizon, and how to properly bet so that you can exploit a significant move (when you are right).

On the positive side, once you have the resources to fund a decent exchange traded account, the way to go is to learn how the big players operate and find a niche (a way to take advantage little side edges that are available to smart, observant speculators). Its not impossible to do, but it does require more than just having someone tell you when to buy or sell. I think the bottom line is you have to be your own man (or woman) and you have to put in enough screen and study time to earn it yourself...

Good luck

[Ingot54]

Originally Posted by steve46 »

Next, it is nice to see at least one person who has an idea of how to play the game. While it is true that professionals prefer entering at wholesale prices (below so-called support), the art of the game is how to judge where that is based on an arbitrary distribution (and it sure as hell isn't at traditional support), where your profit targets are, the impact of news and economic reports on the time horizon, and how to properly bet so that you can exploit a significant move (when you are right).

On the positive side, once you have the resources to fund a decent exchange traded account, the way to go is to learn how the big players operate and find a niche (a way to take advantage little side edges that are available to smart, observant speculators). Its not impossible to do, but it does require more than just having someone tell you when to buy or sell. I think the bottom line is you have to be your own man (or woman) and you have to put in enough screen and study time to earn it yourself.

Well Steve, you have me intrigued now

As a fuzzy retail trader I am curious about how you know "how to play the game" and how that "game" is different from any other "game" that is going on at the same time that I am playing the retail game!

I really understand the difference between wholesale and retail, and that "theirs" is bigger than "mine", and that they can pee higher, but you have only half-stated several things, without elaborating. Your post promised ... but didn't deliver.

You mentioned that: ... the art of the game is

* how to judge where that (support) is based on an arbitrary distribution
* it sure as hell isn't at traditional support
* where your profit targets are
* the impact of news and economic reports on the time horizon
* and how to properly bet so that you can exploit a significant move

On top of that you stated: "the way to go is to learn how the big players operate and find a niche" and It made me realise I have no clue "how the big players operate" since I have never met any.

Those I might have heard about (ie through the writings of Jack Schwager or through those "in the know in forums such as this) don't know I exist. If they did, I presume they wouldn't have the time or the inclination to chat with a puny retail trader, and lead them into the innermost and most hallowed secrets of "wholesale trading".

So, getting out of the tongue-in-cheek mode now, and getting serious, how does one, in your view, learn how the big players operate, and "find a niche"?

This could be the basis of a good discussion.

Victor seems to have gone on to brighter and better things since he dumped the "retail" players who built his business for him, on a "free signal" basis.

I dumped his service as quickly as he dumped his original supporters.