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  • #101
  • Nov 16, 2017 3:20pm Nov 16, 2017 3:20pm
Quoting profitfarmer
{quote} isnt it called pump and dump?
i don't know.
  • #102
  • Nov 16, 2017 3:23pm Nov 16, 2017 3:23pm
Quoting 9jatrader
{quote} Know that we're trading against the big boys in that way. We just have to follow them/their direction
sorry i don't understand how exactly are we trading against the big boys that way if we are the big boys. let's say i have a bilion dollar account. if i have 10 friends that have exactly the same strategy and they all have billion dollars accounts then isn't the price of the market gonna move more and faster in the direction of the trades taken?
  • #103
  • Nov 16, 2017 3:42pm Nov 16, 2017 3:42pm
Quoting deltatrade
{quote} sorry i don't understand how exactly are we trading against the big boys that way if we are the big boys. let's say i have a bilion dollar account. if i have 10 friends that have exactly the same strategy and they all have billion dollars accounts then isn't the price of the market gonna move more and faster in the direction of the trades taken?
Five trillion is exchanged daily. Only you and your friends will buy/sell the market???
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #104
  • Nov 16, 2017 4:38pm Nov 16, 2017 4:38pm
Quoting 9jatrader
{quote} Five trillion is exchanged daily. Only you and your friends will buy/sell the market???
from my understanding it's like 10 milion per second. so if a large order like 100 milion or 1 bilion arises at one time what will happen to the price. isn't it going to rocket in the direction of the intended trade? what's supply and demand saying in this scenario?
  • #105
  • Nov 16, 2017 4:44pm Nov 16, 2017 4:44pm
Quoting deltatrade
{quote} from my understanding it's like 10 milion per second. so if a large order like 100 milion or 1 bilion arises at one time what will happen to the price. isn't it going to rocket in the direction of the intended trade? what's supply and demand saying in this scenario?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #106
  • Nov 16, 2017 5:54pm Nov 16, 2017 5:54pm
Quoting deltatrade
{quote} from my understanding it's like 10 milion per second. so if a large order like 100 milion or 1 bilion arises at one time what will happen to the price. isn't it going to rocket in the direction of the intended trade? what's supply and demand saying in this scenario?
so, your 100 million would cover 10 sec worth of trading time?
a fake breakout perhaps?
there is always, always another trade!!
  • #107
  • Nov 17, 2017 1:21am Nov 17, 2017 1:21am
Quoting profitfarmer
{quote} so, your 100 million would cover 10 sec worth of trading time? a fake breakout perhaps?
not a fake breakout. a breakout stop. if per second forex trades at 10 milion i think you can influence price with huge orders. there is a theory that if you have 30% of the market then you can influence it. i think i remember a news that said when buffet used to make purchases the prices usually had a 5 percent increase.
  • #108
  • Nov 17, 2017 2:36am Nov 17, 2017 2:36am
Quoting deltatrade
{quote} not a fake breakout. a breakout stop. if per second forex trades at 10 milion i think you can influence price with huge orders. there is a theory that if you have 30% of the market then you can influence it. i think i remember a news that said when buffet used to make purchases the prices usually had a 5 percent increase.
um, Buffet wasnt trading forex, was he?
where is your 100 million, or even 10 billion compare to the 30% of forex market volume??
you confuse me
anyway, it is one pointless conversation, so, will leave you to your theory.
there is always, always another trade!!
  • #109
  • Nov 17, 2017 3:35am Nov 17, 2017 3:35am
Quoting 9jatrader
{quote} Five trillion is exchanged daily. Only you and your friends will buy/sell the market???
You are totally wrong about forex turnover, 5 trillion turnover includes spot, forward, futures, options and swaps, moreover it's overestimated.

https://www.reuters.com/article/glob...-idUSL5N1GK1F5

Remember that when you're trading forex you don't have whole liquidity, because it's OTC market. Look at this site, where you can check market depth of LMAX.

http://fxmtf.pl/narzedzia/volume-wei...average-price/

Only 23 million order on eurusd will cause 1,7 pip slippage. Think what will happen if you send 100 million order on USDCAD...

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  • #110
  • Edited 12:22pm Nov 17, 2017 5:00am | Edited 12:22pm
Quoting insomniawawa
{quote} You are totally wrong about forex turnover, 5 trillion turnover includes spot, forward, futures, options and swaps, moreover it's overestimated. https://www.reuters.com/article/glob...-idUSL5N1GK1F5 Remember that when you're trading forex you don't have whole liquidity, because it's OTC market. Look at this site, where you can check market depth of LMAX. http://fxmtf.pl/narzedzia/volume-wei...average-price/ Only 23 million order on eurusd will cause 1,7...
exactly . thank you for your documentation and you agreement. it's not 1 trilion dollars it's the 10 milion per second that you have to influence. what do you think about the theory? if you have large amounts of money orders than you can influence the market in the wanted direction. is it accurate or does it go the other way around?
  • #111
  • Nov 17, 2017 10:09am Nov 17, 2017 10:09am
Quoting deltatrade
{quote} exactly . thank you for your documentation and you agreement. it's not 1 trilion dollars it's the 10 milion per second that you have to influence. what do you think about the theory? if you have large amounts of money orders than you can influence the market in the wanted direction. is it accurate or does it go the other way around?
10 million per second ( 100 million in 10 second) won't affect market a lot, because new orders can be added by liquidity providers and it will absorb only one broker liquidity. I think you need at least 1 billion order to affect market, but it's only my presumption.
  • #112
  • Edited 10:28am Nov 17, 2017 10:15am | Edited 10:28am
Quoting 9jatrader
{quote} Five trillion is exchanged daily. Only you and your friends will buy/sell the market???
this one was really funny and made my week..

Shebi him na oga market mover ni
  • #113
  • Nov 17, 2017 2:13pm Nov 17, 2017 2:13pm
Quoting jusstin911
{quote} this one was really funny and made my week.. Shebi him na oga market mover ni
u dey mind d bobo??
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #114
  • Nov 17, 2017 2:32pm Nov 17, 2017 2:32pm
Quoting deltatrade
{quote} sorry i don't understand how exactly are we trading against the big boys that way if we are the big boys. let's say i have a bilion dollar account. if i have 10 friends that have exactly the same strategy and they all have billion dollars accounts then isn't the price of the market gonna move more and faster in the direction of the trades taken?

When we talk about billion dollars, remember that the larger is whale the harder is to move for him. They are using various techniques to hide their positions, using dark pools, direct contracts with banks (which you can't track at all). They sometimes split their positions and what is more important hedge them with option contracts or other different instruments.

Remember that their goal is not earn, but to SAVE managed money at least protect it from inflation or simply put it to work. For example you can expect FORCED cash outflow from Japan, because of low investment opportunities there and negative rate. You can study that Whales HAVE to use some certain routes for moving money, but they don't do that on 1M or 15M timeframes. Their decisions take days and only after substantial and important announcements that may harm their investments.
While you are small fish and much more flexible than those Whales. Study economics, study rates structure, fiscal and monetary policy stances, etc. That's the key to success
  • #115
  • Nov 17, 2017 3:00pm Nov 17, 2017 3:00pm
Quoting available
{quote} When we talk about billion dollars, remember that the larger is whale the harder is to move for him. They are using various techniques to hide their positions, using dark pools, direct contracts with banks (which you can't track at all). They sometimes split their positions and what is more important hedge them with option contracts or other different instruments. Remember that their goal is not earn, but to SAVE managed money at least protect it from inflation or simply put it to work. For example you can expect FORCED cash outflow from...
thanks for the answer.
  • #116
  • Nov 18, 2017 11:07am Nov 18, 2017 11:07am
Quoting available
....Study economics, study rates structure, fiscal and monetary policy stances, etc. That's the key to success
Success for what? Trading? there are lot of people who already know economics, rates structure, fiscal and monetary policy stances and not every one of them is successful trader.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #117
  • Nov 20, 2017 3:37pm Nov 20, 2017 3:37pm
not a bad broker.
I wanted to point out, many brokers freeze the spread during the 23-58 to 00-10. You do not plan to do it also for the protection of traders?
Because in this interval the spread can expand and knock down s / l!
thx
  • #118
  • Last Post: Nov 21, 2017 10:51am Nov 21, 2017 10:51am
Quoting Trader-Waldo
{quote} Success for what? Trading? there are lot of people who already know economics, rates structure, fiscal and monetary policy stances and not every one of them is successful trader.

Before you don't realize what triggers price changes (what was the motive of those who sold or who bought) you are doomed to lose
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