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Trading Forex is Hard

  • #161
  • Apr 2, 2019 2:07pm Apr 2, 2019 2:07pm
Quoting Sesamstrasse
Intresting idea about the high/low is hunted by someone who takes the SL. Here´s a m1 trade for it. The idea was good, the execution could be better. EA -3,5 + comm. I´ll skip this pair and look for majors. Guido {image}
Highs and low's are not hunted it's simply the nature of the market. Price is attracted to the liquidity above/below the edges. It will always move to the pending's. I trade a very similar setup but it's most effective in futures where you can analyze orderflow/liquidity imbalances and actually see the trapped traders.
Money Talks, Bullshit Walks
  • #162
  • Edited 4:09pm Apr 4, 2019 3:49pm | Edited 4:09pm
Quoting T4Trade
{quote} I SUGGEST YOU TO WATCH NO NONSENSEFOREX.COM VIDEOS,they explain us that bank goes against the client sentiments and we can check client sentiments on many websites,so be smart and do opposite of wat most of the traders do,because MM do the opposite. trading is very tricky and difficult,it is a game of fear and uncertainity and many traitors are playing against us.
Sure its about the game. Actually was in Deutsche Bank few days ago because forex is ther field and when was siting in there they just pop up in monitor dax index nikke index and everything else. So just asked them so what do you think go long on dax or go short on dax and the answer was simply: we can't discuss about it, it's very strict and don't ask those question again it's forbidden. Well after this realise something.dam
  • #163
  • Edited 5:52pm Apr 4, 2019 4:50pm | Edited 5:52pm
Quoting T4Trade
{quote} I SUGGEST YOU TO WATCH NO NONSENSEFOREX.COM VIDEOS,they explain us that bank goes against the client sentiments and we can check client sentiments on many websites,so be smart and do opposite of wat most of the traders do,because MM do the opposite. trading is very tricky and difficult,it is a game of fear and uncertainity and many traitors are playing against us.

Out of curiosity I had a watch of the big banks vid and what a load of crap. He doesnt know how news flow is traded hence he said avoid it and his definition of banks hunting retail traders, is when I just switched off. I don't know how good he is as a trader or if this is just marketing, but I can assure you it banks do not function like that at all. They trade against each other is a more appropriate way to put it, our collective orders is just not large enough to cover their liquidity requirements. They need other large players to move markets sufficiently to make profit.
  • #164
  • Apr 4, 2019 5:36pm Apr 4, 2019 5:36pm
Banks make money in fx in 4 ways

1) they execute orders for clients earning the spread (automated). They also execute orders manually for clients which is largely companies seeking the value of a currency on the day. This leads to the second way they earn.
2) daily fixes is often an opportunity for a bank to make money (I won't explain it here, go read about it).
3) wealth management for clients
4) proprietary trading

I have worked with 2,3, and 4 in a professional capacity at major institutions. Let's take the number 4 in that list as an example. When banks trade they too need the market to move in order to realise a profit. It's harder for them due to their sizes so they are disadvantaged to you and I. As for orders, no single bank has all the orders in the market, they are all providing liquidity as a collective but orders are funnelled to different banks. The interbank market is just liquidity between banks either directly or through platforms like the one Reutera runs (the servers for it had cctv cameras on at all times. They make money hand over fist with that system and I recall heated debates about touching it. It was running on ancient tech which forced them to migrate asap).

The proprietary guys have global chat rooms with teams globally. It is called follow the sun (or at least that was the phrase being flung around). They have teams of analysts that provide them with key data which they trade off. All trades go through a risk team that sends it to internal insurance divisions which match hedges where applicable. It's a tight run high pressure environment. They do lose, I have seen the data first hand and they had some rough trades. A lot of the proprietary trading includes all sorts of risk models which they run through on price testing systems to produce risk scores and profit\loss projections. Anyways I am getting slightly off topic here but believe I have provided enough to make the point.
  • #165
  • Apr 4, 2019 5:55pm Apr 4, 2019 5:55pm
Quoting Keyser_Soze
{quote} Highs and low's are not hunted it's simply the nature of the market. Price is attracted to the liquidity above/below the edges. It will always move to the pending's. I trade a very similar setup but it's most effective in futures where you can analyze orderflow/liquidity imbalances and actually see the trapped traders.
Hello Keyser,
Would appreciate that you can share your approach to scalping.
TIA
  • #166
  • Apr 5, 2019 3:00am Apr 5, 2019 3:00am
Quoting failinforex
{quote} Hello Keyser, Would appreciate that you can share your approach to scalping. TIA
Find trapped traders and fade them.
Money Talks, Bullshit Walks
  • #167
  • Apr 5, 2019 3:05am Apr 5, 2019 3:05am
Quoting Keyser_Soze
{quote} Find trapped traders and fade them.
Thanks. But how to go about finding trapped traders?
  • #168
  • Apr 5, 2019 9:22pm Apr 5, 2019 9:22pm
Quoting EcoTrader
Banks make money in fx in 4 ways 1) they execute orders for clients earning the spread (automated). They also execute orders manually for clients which is largely companies seeking the value of a currency on the day. This leads to the second way they earn. 2) daily fixes is often an opportunity for a bank to make money (I won't explain it here, go read about it). 3) wealth management for clients 4) proprietary trading I have worked with 2,3, and 4 in a professional capacity at major institutions. Let's take the number 4 in that list as an example....

I got some questions please be kind to answer it:
1. What happen with the big orders when the bank close everyday? is the order still left there for days? or event for weeks or months?
2. How do they trade the news?
  • #169
  • Apr 6, 2019 3:31am Apr 6, 2019 3:31am
Quoting EinsWaltz
{quote} I got some questions please be kind to answer it: 1. What happen with the big orders when the bank close everyday? is the order still left there for days? or event for weeks or months? 2. How do they trade the news?
1) it depends on the customer. Normally they want a daily price for a currency for business uses so those orders get executed at the fix. Banks don't really close during the working week, there is generally a follow the sun model and teams globally take over where others have left off. If they didn't have this then price could reach an order level and not get executed and they would lose the business.

2) algos and traders working different strategies. All the strategies take into account economic ans political news and they trade surprises where the market prices in new information. It's the only way to make money fundamentally in the short term.
  • #170
  • Apr 6, 2019 4:14am Apr 6, 2019 4:14am
Please suggest as what currency is good to keep the money in banks?

dollar?
euro,
swiss franc?
Saudi riyal?
aussie dollar?
or real estate? which country?
  • #171
  • Apr 6, 2019 7:36am Apr 6, 2019 7:36am
Quoting T4Trade
Please suggest as what currency is good to keep the money in banks? dollar? euro, swiss franc? Saudi riyal? aussie dollar? or real estate? which country?
Gold
// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #172
  • Apr 6, 2019 7:50am Apr 6, 2019 7:50am
Quoting SirOrigami
{quote} Gold
I presume we buy gold certificates right?
  • #173
  • Apr 6, 2019 8:07am Apr 6, 2019 8:07am
Quoting T4Trade
{quote} I presume we buy gold certificates right?
?
Where´s your contribution?
..show your charts with entries and exits..

Discuss childish questions please on the next corner..

THANK YOU
Risiko birgt immer auch die Chance.
  • #174
  • Apr 6, 2019 10:23am Apr 6, 2019 10:23am
Quoting EcoTrader
{quote} 1) it depends on the customer. Normally they want a daily price for a currency for business uses so those orders get executed at the fix. Banks don't really close during the working week, there is generally a follow the sun model and teams globally take over where others have left off. If they didn't have this then price could reach an order level and not get executed and they would lose the business. 2) algos and traders working different strategies. All the strategies take into account economic ans political news and they trade surprises...
Thanks for the answer..for example when the NFP news coMing..who trade it resulting the crazy up and down moves? Do the banks selling and Buying with each other and the bigger lots win?
  • #175
  • Apr 6, 2019 11:05am Apr 6, 2019 11:05am
Quoting EinsWaltz
{quote} Thanks for the answer..for example when the NFP news coMing..who trade it resulting the crazy up and down moves? Do the banks selling and Buying with each other and the bigger lots win?
It depends, the fed have not been concerned about employment because its been good and the market knows this. They are however more concerned about wages which is why nfp on Friday was a mixed picture. You had the idiots buying the job numbers at face value but the banks selling them to bring price back to no real change in the day. If wages were up and job numbers then usd would have had a rally on Friday. You see its about context and in fx this is the central banks, what they are and aren't happy with. All economic data trading is the market pricing in expectations of central bank policy changes. If the job numbers on Friday were as bad as the wages then market concern over the coming recession would have driven sentiment on Friday and we would have seen more dollar selling.

The banks do buy and sell with each other in the interbank market and in large size (tens to hundreds of millions) and they do that for client orders, proprietary trading, wealth managenent, MnA activity etc.
  • #176
  • Apr 8, 2019 4:20am Apr 8, 2019 4:20am
Quoting Sesamstrasse
{quote} ? Where´s your contribution? ..show your charts with entries and exits.. Discuss childish questions please on the next corner.. THANK YOU

Yes agree!!! More 1m charts please and less talk
  • #177
  • Apr 9, 2019 11:34am Apr 9, 2019 11:34am
But it's still not that easy as you make it sound ?!!! Lot of people loosing money on trades. You trying to say it's easy but you really need to sit out on that for like 24 hours 7 days a week to get a chance for all that opportunities. Not everyone have such abilities or time.
  • #178
  • Apr 25, 2019 4:44am Apr 25, 2019 4:44am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDcM1.png Size: 9 KB
Risiko birgt immer auch die Chance.
  • #179
  • Apr 28, 2019 12:57pm Apr 28, 2019 12:57pm
Quoting T4Trade
{quote} I SUGGEST YOU TO WATCH NO NONSENSEFOREX.COM VIDEOS,they explain us that bank goes against the client sentiments and we can check client sentiments on many websites,so be smart and do opposite of wat most of the traders do,because MM do the opposite. trading is very tricky and difficult,it is a game of fear and uncertainity and many traitors are playing against us.
According o this guy (nonsenseforex).nothing works in forex, except his special algorithm and his not gonna to reveal it.
So what now?
Whether you think you can, or you think you can't,you're right. H.F.
  • #180
  • Apr 28, 2019 1:24pm Apr 28, 2019 1:24pm
Quoting Simply-Me
{quote} According o this guy (nonsenseforex).nothing works in forex, except his special algorithm and his not gonna to reveal it. So what now?
hahaha true,the way he was unveiling his pieces of algorithm,at one point in time,there were 2 pieces remaining and then he made-up those places with duplication of indicators.

do you not think at the end he will sell something to his viewer?
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