Disliked{quote} Thank you for such detailed reply! I don't feel alcohol impact at all btw. You said the biggest trade you saw was 350 Million trade. What currency pair it was? Any leverage applies with such amount of money? You also saying they got instant execution. When closing the order too? Now 350 million is 3500 lots and they get instant execution. I guess 10 000 lots will be no problem as well? {quote} As I know this calls buying tops and selling bottoms. What, big boys don't like doing this hahahaha? Im curious at all this, cause Im trying to understand...Ignored
P.S I don't mind as this is one serious passion of mine. The markets... I have always said .... Do something you love and the rest will fall into place.
You cant just trade forex for example if you just need money... You MUST have a Passion for it... Like Gordon Ramsey... His passion is cooking.. That's why he is one of the best chefs in the world..
Update: That killed me... LOL.. If I missed anything and I think I did, just ask again and will answer when I get a chance.
Re: As we know Soros sold 5 billion pounds, almost $10 billion before the GBP drop began. And this was more than 25 years ago, before the common computerisation.
Yes he found it easy then and it's alot easier now with everything computerized.. As you can see from the chart though the drop never happened in one big move. It took stages. Even though he invested that amount it probably took time to fill the whole order.
The main thing is if he did that today and that order was taken in go.... There will just be one massive drop like the USD/CHF did.. Ok, bad example of the USD/CHF as that happened with unexpected news that the CHF became unplugged from the EUR. No retail trader will get in as it will just drop... The market will just lock you out as it will move so fast.
I did find it funny on the day with the USD/CHF with all the demo traders saying I got in half way through the move and make $30,000...
In reality and a real account their order would not of been taken as it moved so fast... Even if you had a buy order before it happend and a stop loss... Your stop loss wouldn't of been triggered at it moved so fast and there was no buyers in the market when it was falling... Today if a move like that happens again and you with a miracle get in from the start. You will have to wait until that move is over and buyers/sellers are let back into the market.. to close the order.. A reason so many Brokers that day went bust and not just traders.
George Soros was (is sorry) a very, very clever man.. He is worth today 8 billion USD.... I love one of his quotes. "Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." - He is one of the best contrarian traders ever.
I'll try and find when it was and what currency it was... It was a few months back... There was a computer error at one of the liquidity providers... An error accoured when a large order was taken in a sell for example 1000 lots but the computer read it as 100,000... It instantly mega dropped in seconds a few hundred pips but then returned seconds later. Real pips and not points. I cant recall the date but it was in the Asain session.
If George Soros today, right now opened a sell on the GBP/USD with 50,000 lots and the order was taken instantly, it would just drop so fast no trader in the world would be able to trade it.. Not with the computerization and technology.
Still interesting though how in those days he did it... and did it without a problem.
Must of been lots of paper work LOL.
You see people like Nezis above probably trades small 0.01 trades.... Does he think Investment banks.. Etc trade with those sizes... They trade 1000's at a time... The mentally of a retail trader.
Today with all the computerization they do it in bits if they for example in the Asian session buy the JPY... They won't buy 10,000 in one go as it will just move the price to fast.... You can see this when the JPY moves fast in the Asian session...
They will go with a 1000 lots and the price of say if they where in the USD/JPY will go down and as other traders come in it will move more down... You can watch how the money flows some nights with the JPY.. It drops - Then rises a bit.. That's what they wait for... The rise. Liquid as buyers will come in.... Then go with another 1000 lots etc etc.. Then they will just dump it.. Yes the retail trader will start selling and they close all the orders..
I told you there evil..... Bit to much for some to comprehend.... You see these people. Investment banks, The big boys CAN'T manipulate the Forex market.... but they do and will manipulate the rest of us...
Should I just write a book with all the charts etc and give it away on amazon?
Write ya notes down Probably in a PDF and post it. I can read through it one night... To hot to sleep and I get bored when every one is asleep LOL.. Not much I can do at 2am lol
I think I missed some of the questions out... So ask again... :-)
The most violent element in society is IGNORANCE
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