8 Comments

  1. Hey sean you know allot about ifr and the markets… do you have any training courses out there explaining what you know about the markets

  2. How do we trade in markets like this? unable to pick bottoms (esp in Euro & Cable)… risk-reward not favourable for short lows… no significant rebounds for a short setup…

  3. Sorry Cameron, I’m really not aware of any top-class training courses out there. Most want their clients to buy some dodgy ‘trading system’ or to trade on a specific platform (so the trainer can earn soft dollars) and they are to be avoided at all costs. 26 years experience in my case and there is very little substitute for self improvement; read every book you can find, and maybe try and find a good forum where experienced traders can give you some guidance? Good luck

  4. Very tricky indeed Kelly and you describe it perfectly

  5. Kelly, when a move doesn’t retrace at all but you want to get in, you can consider just “closing your eyes” and buying (or selling in this case) but keep a tight stop, and perhaps your position smaller than usual. If you do get stopped out, then you’ve lost a bit, but at least the retracement you were hoping for eventuated. So wait for the retracement to finish, and by the time it does you’ll have a clear point at which to place your stop for the next trade. Of course if one is patient enough to wait for a retracement then that’s probably better IMO, but hey we are human :)

    I remember earlier this year USD/JPY was going up with hardly a blink along the way, I was able to trade like this to reasonably good effect.

  6. Hi Sean,

    This maybe a stupid question but how do you get info on these flows? Is it from market contacts or experience? If it’s from experience, why is it so?

  7. @Kelly: Keep in mind that markets are not *always* setup for profitable trading. They are always open of course, and because they are always changing, and because you can always see exactly what was correct with hindsight, they often present only an illusion of potential — with reasonable risk. I don’t trade everyday. And most people I know who are good don’t trade everyday either. Sometimes stepping out for awhile is very smart. Cash *is* an asset class. :)

  8. Hi Ray, sorry missed question earlier, get all flow/order info from market contacts in banks and hedge funds

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