DislikedSo what might the drivers/causes behind a 'non-random' move be? Just to get the ball rolling, I would guess that high on the list are heavyweight bank/institutional maneuvering; macroeconomic factors (interest rates, QE, central bank agendas and rhetoric, risk on/off, trends in commodity/bond/stock prices, perceived strength of national economies, ......); unexpected or highly deviant red news outcomes; and occasions of severe (perceived) 'mispricing'. From what I've seen and heard, institutional traders perform a lot of FA, along these very lines....Ignored
And in terms of price movement, what would Gobigfx qualify as "random price movement"? So any time when there is no major news or economic numbers or fundamental factor changes? And Gobigfx mentioned in his post that it is still possible to profit from random price movements and he mentioned that the institutional traders used VWAP as guide and would not let price deviate too far from VWAP levels when working their orders but which levels ov VWAP do they look at?
Gobigfx has provided some good insight into the realm of forex trading by starting and participating in this thread but there are still a lot of questions for which I would really like to know the answers. So I wish he comes back and answers them for us.
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