Disliked{quote} I don't understand where the dealers long comes from? please can you advise as to where did his long come from that he needs to cover?Ignored
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Disliked{quote} I don't understand where the dealers long comes from? please can you advise as to where did his long come from that he needs to cover?Ignored
Disliked{quote} dealer steps in, sold to me at 1.0050, and is short, now im long, then he uses your short stops to cover his longIgnored
DislikedBut you previously said he was long, that is why I was confused {quote} Sincerely Jen xIgnored
Disliked{quote} I am not quite sure I fully understand, let me check with you please: when the dealer filled the buy order he would then be short, and when the dealer filled the sell order, would that have balanced his book already= he matched your buy with my sell?= dealer flat?Ignored
Disliked{quote} in the example of a down move, how would the dealer make money by taking the opposite side of our trade, he would buy, and we would sell, but how would that make him short, I don't quite understand how this can maintain his book short. Is it because he matches both trades which balances each other and then he makes the spread? if so and he only makes the spread I don't see how this makes his book short, wouldn't his book be neutral? Scratching my head here, just trying to put this all together. Sincerely Jen xIgnored
Disliked{quote} yes, because he is taking opposite of the orders we put in.Ignored
Disliked{quote} Then in that case the dealer only makes a profit from the spread, as the dealer is flat as he has matched the trades. The dealers book still isn't short, his book is neutral as he matched the trades and balanced. The above question still remains. {quote} Then the dealer isn't short his book, he is neutral and balanced his book, so in a downmove how is his book short as in the previous question?Ignored
DislikedHAPPY CHRISTMAS AND PROSPEROUS NEW YEAR To FTi and all the TAF readers/followers. .. Hope you are still reading this great thread fti my friend, thank you for all you have left here and helped me with over the years to enable me to find a way to trade, it was and is a great journey. ..... . Regards Phil.Ignored
DislikedHi All, I am reading this thread from start since 2 months and now at page 50. I am glad to find this thread which is full of wisdom. Many thanks to FTI, naked lady, Zoran, pip_cru, david and all other members. I have started treading in demo account now. I will start posting my questions once i read first 500 pages. I am also compiling short but detailed version of this thread. I will share once i am done. I would be grateful, if someone share some wisdom who is still active in this thread since last 7-8 years. Happy trading. regards, AntIgnored
DislikedYou are right 7thTorch. i am committing my next 2-3 months only to read and understand and re-read this whole thread specially initial 300-500 pages. I am also demoing in parallel. As FTI said, we need to work as Ant and grow equity gradually. Power of compounding will take its time to do magic. FTI said lot about dancing, but i am not able to find out how other than my understanding of simple chart patterns. Can someone teach me how to dance? -AntIgnored