They don't have to communicate with each other--all they have to do is look at the same chart for the same pair and they know what their counterparts (at other banks ) are doing or will do.
- #1,152,222
- Mar 23, 2019 10:16am Mar 23, 2019 10:16am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
They don't have to communicate with each other--all they have to do is look at the same chart for the same pair and they know what their counterparts (at other banks ) are doing or will do.
Just beat the shit out of the intern naive fellow to tell you the strategy and you can make your million in one minute next day
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- #1,152,223
- Mar 23, 2019 10:19am Mar 23, 2019 10:19am
- | Membership Revoked | Joined Dec 2006 | 2,771 Posts
- #1,152,224
- Mar 23, 2019 10:25am Mar 23, 2019 10:25am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
{quote} sometimes they get curious and communicate... once I received a phone call from my dealer who asked my permission to connect me to some trader from Credit Swiss... that guy wanted to talk to a person ( me ) who was buying his stops for about a couple of months on a more or less regular basis... just got curious...
...borkers make them public, risking huge fines if they fake it ...but nice funny stories you got there !
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- #1,152,225
- Mar 23, 2019 10:31am Mar 23, 2019 10:31am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} OMG, if they only have to look at a chart and know what to do ...we can do the same
Together we can be strongest
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- #1,152,227
- Mar 23, 2019 10:33am Mar 23, 2019 10:33am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
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- #1,152,228
- Mar 23, 2019 10:34am Mar 23, 2019 10:34am
- | Membership Revoked | Joined Dec 2006 | 2,771 Posts
{quote} Stop positions are no secret
- #1,152,229
- Mar 23, 2019 10:37am Mar 23, 2019 10:37am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
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- #1,152,230
- Mar 23, 2019 10:39am Mar 23, 2019 10:39am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
First of all I said " General rule of thumb" not particular. Most price action is based on some rational motivation either technical or fundamental or some combination of both that each individual trader makes for him/herself. Does that mean that there are no irrational capricious trades made , far from it. It means that the market will ,given the presence of bank traders, recognize your trade for what it was,in most cases sooner than later, and move counter to the snowball affect you created by virtue of your dump. Thats' only the nature of the...
Even if they illegally dig it, the other half of retail players will WIN!
(an average of 50% use to take the other side)
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- #1,152,231
- Mar 23, 2019 10:39am Mar 23, 2019 10:39am
- | Membership Revoked | Joined Dec 2006 | 2,771 Posts
- #1,152,232
- Mar 23, 2019 10:40am Mar 23, 2019 10:40am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
{quote} They have this type of information, but they not send it for us. They just send the statistics.
{quote} EBS indicates that info...
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- #1,152,233
- Mar 23, 2019 10:47am Mar 23, 2019 10:47am
- | Membership Revoked | Joined Dec 2006 | 2,771 Posts
{quote} Is illegal to exchange that info. {quote} What's EBS? Electronic Broking Services? ...whatever it is, is illegal
- #1,152,234
- Mar 23, 2019 10:50am Mar 23, 2019 10:50am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
The final argument is that the retail players is kind of penuts of those daily trillions in FX market. 
The rest are banks and finacial institutions.
Those big players are in the game for each other's big money ...not for peanuts
The rest are banks and finacial institutions.
Those big players are in the game for each other's big money ...not for peanuts
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- #1,152,235
- Mar 23, 2019 10:52am Mar 23, 2019 10:52am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} Is illegal to exchange that info. {quote} What's EBS? Electronic Broking Services? ...whatever it is, is illegal
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- #1,152,236
- Mar 23, 2019 10:53am Mar 23, 2019 10:53am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
{quote} perhaps now it is... back then - definitely not... I used to know all the sizable stops and limits within some reasonable proximity from current market levels in advance and before the beginning of each trading day... sometimes I even asked dealers to spread some info about my own orders around...
So a good part of retail will be succesful following the big sharks without being aware of
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- #1,152,237
- Mar 23, 2019 10:54am Mar 23, 2019 10:54am
- | Membership Revoked | Joined Dec 2006 | 2,771 Posts
The final argument is that the retail players is kind of penuts of those daily trillions in FX market.
- #1,152,238
- Mar 23, 2019 10:56am Mar 23, 2019 10:56am
- Joined Dec 2015 | Status: Trader | 14,259 Posts
{quote} Who said it about EBS was Igrok.
2. Even they get that info, is not helping too much to rob retialers as long as many other retailers will win without being aware what just happend
3. Big Sharks are not after our retail little money ...they are after another big shark's money
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- #1,152,239
- Mar 23, 2019 10:58am Mar 23, 2019 10:58am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
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- #1,152,240
- Mar 23, 2019 10:58am Mar 23, 2019 10:58am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} 1. I don't think they risk too much to get illegal info. 2. Even they get that info, is not helping too much to rob retialers as long as many other retailers will win without being aware what just happend
Together we can be strongest
Vantage Return This Month:
-97.0%