Fudge, thanks a lot for info! Could you please describe your system in few words? Just to grasp the principle. I believe you are trading spread, like many futures traders and stock traders do. But how it exactly it works? BTW I have found that the best volume information in FX you can get is on Dukascopy, they provide with real bid offer volume from the interbank they are connected to (and they are connected to almost all major banks and prime brokers), but on the MT4 side tick volume seems to be the best from TF, in almost all cases it corresponds with real volume data from Dukas even though it is still tick volume, but it is possible to use with VSA. However I understand you aren't trading VSA, but the order book. But please share the basics. Thanks man!
Just an fyi...the name fughe is pronounced the same as 'few'. Same phonetics as a standard 'gh' containing word with a long 'u' vowel due to the silent 'g' effectively causing a silent 'e' vowel at the end. Anway...on to more important matters....
No, not trading spread. I am trading bank order flow. The data feed I am watching is the data feed that Dukascopy uses for it's liquidity. I can see the prices move in my data feed before they move in Dukascopy's charts. I am literally bypassing the brokers and getting the data feed from the primary liquidity provider networks. I get to see unlimited market depth, the price that the orders are placed and how many lots are being traded on each order. I can fine tune the resolution down to a tenth of a pip (if I want to be annoyed by my alarm constantly going off).
Literally.....I watch and see what the big banks and institutions are doing, and base my trades off of these moves. Sometimes it is a major pain to tell which way they are going to push it....but you almost always can figure it out when they decide to push one way or the other.
I believe what you are referring to as 'trading the spread' is what forex brokers call arbitrage. I am not doing that. Doing that manually is virtually impossible....at least in forex. Plus, with an mt4 broker.....they will cancel your account and ban you for doing that.
Make losses, but always come out a winner at the end.