I think i've found the guy being referred too from a little goggling: http://www.trade2win.com/boards/forex-discussion/72058-trading-without-charts-9.html the posts of john1, starting at about page9 or so?? Dont hold out much hope. From browsing the thread, absolutely nobody had a clue what he was talking about. Could have just been out to play with people and get them to stress out, lol.
- Do you need to be a marketmaker to earn the spread? No. But no commissions & easy short sell rules would help. - Whats the risk in trading in such a way? That price moves before your hedge is done. - how do you do it? Is it easy? Limit orders around fair value & fast market orders to hedge. - Is it like, if the spread of a stock is 88.50 / 88.56, you put a limit order in to buy at 88.51 and a limit order in to sell at 88.55?? Is that earning the spread?? Yes. When someone comes to you at your price, they pay the spread & you receive it. [not discussing hedging]. This newbie would like to see a video of someone 'earning the spread'. - Look at some option quotes. Ppl here want to believe in stuff.
mostly concentrate on spx vs djt and look for supp/res dollar or eur/usd..correlate off of that scenario
i just watch for major s/r in a few instruments and see how they react when near,actually i just short resistance and watch how it reacts on its way to the the supp,usually reduce on the 1st pullback so i can reshort if it gets a 2nd touch,then watch and see if they are going to break res or drop it for profittaking,if it holds res or just barely scribbles above it in a sideways move ,add....the mean is there on a market profile chart