Disliked{quote} Guys is it true? James 16 has institutional volume on its side? Retail makes up about $12 billion a day so I guess you must have some billionaires on your client list.. at least a few billion to impact a 5.3 TRILLION dollar a day market.. This is doing the rounds on twitter folksIgnored
Actually what this is in refrence to is moving the market AGAINST you
So let me explain the dynamics because it will help you understand the markets better.
If you buy, someone has to sell to you. If you sell someone has to be a buyer
on some pairs especially , yesterday was the usd/nok. it's no where NEAR as liquid as the Eur/usd
When we SOLD, we put a lot in at once which pushed the price HIGHER, which was actually WORSE for the trade. So you are misunderstanding the dynamics
It's actually something as a trader I have to be extra cautious about what pairs/timeframes we are on so we aren't just hurting each other. Yes limit orders can help curb slippage(or you might not get filled) but this order called for a market order which cause the spike, and likewise when we closed for takeprofit all at the same number.
Hope that helps
Mike