Disliked{quote} "Retail traders are mere observers of this market with no impact or responsibility in this market" Shame on you guys for believing this bullshit, we do move the market and provide a lot of liquidity to the markets. Just read the bloody tape and see when the its primary retail traders for just short periods are the ones moving price. Major players trade mostly within a narrow price channel because this is where most current liquidity on the chart sits. Their expenditure of pushing price too far away from the mean average costs them far too...Ignored
Now, I don't know how many large orders the big banks process every day, but I do know how banks process those orders (it can take quite a long time, depending on how many tier 2 and 3 banks are involved, scheduled news events, option expirations, etc). While the banks are sorting out who's doing what and when, they are not thinking of us at all. Ever. We are not part of their world or thinking.
It's a mistake to think we can get in their way or influence this market. The job of the retail forex trader is to anticipate and follow. The edge is being able to understand what they are doing. THEY ALL FOLLOW STANDARD PROCESSES AND PROCEDURES. They communicate via charts. Learn to listen to them.
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