I think most of us just trade like this: the current price is 1.5000, we now buy at 1.5000, and set a stop loss at 1.4000, and set a take profit at 1.6000...and after that, we just wait...until the price hits our tp or sl.
Actually, we do nothing after we enter the market, just wait...we can't force the price to move up after we enter the market...all we can do is to bless...
I just wonder if the big guys(such as central banks, hedge funds...) in forex also trade in this way. or will they continue to buy after their initial enter, to force the price to move to their targets?
I mean, will they just continue buying to push the price to a certain level? This will really affect the market move!
For example, I noticed on last friday, almost in the end of the day, there is a big move (upward) in eurusd, I think it's one or two big guys pushed it. what's their purpose?
any comments? and any evidence?
Actually, we do nothing after we enter the market, just wait...we can't force the price to move up after we enter the market...all we can do is to bless...
I just wonder if the big guys(such as central banks, hedge funds...) in forex also trade in this way. or will they continue to buy after their initial enter, to force the price to move to their targets?
I mean, will they just continue buying to push the price to a certain level? This will really affect the market move!
For example, I noticed on last friday, almost in the end of the day, there is a big move (upward) in eurusd, I think it's one or two big guys pushed it. what's their purpose?
any comments? and any evidence?