As I got a few requests I will prepare the project a little and publish it on my Github account. I will also set up an unencrypted license server where anyone can request his own "BankersFX license" and can see for himself that the product offered is a scam. Imho this justifies the going public. It will take a few days, expect it to be ready at the weekend.
It takes blood, sweat and enough tears to wash away the blood.
BANK CURRENCY STRENGTH Since some of you asked me to open a thread on how i use bank positions in my favour, welcome to my thread! Here i will explain how i use bank positions to setup trades. But first, i have to say that it is a challenge not mentioning any paid services. I was warned already. I do respect and understand that. This will keep the existing gap between retail traders and 'the rest' in stand, unfortunately. So, please keep in mind not mentioning any paid services in this thread. Sorry for this inconvenience. Rules: - Keep the thread...
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Hai.. can you please this indicator or source this system ?
Not quite.. I take for example what the banks are buying say from bankersfx or scorpianfx... I then use the contrarian approach to see if retail traders are doing the opposite of what the bankers are buying/selling. Today Monday 30th April banks are selling the AUD/USD but take a look at what retail traders are doing - There buying it. That gives the banks power to drive the price lower. Just think of A tank (the bank) and a Mini cooper... Who will win in a fight. The Tank. Always trade what the banks are doing and you will have greater success.....
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i can see that myfxbook data comes from retail clients, but do we know the scale/scope of their client base (e.g. 500k customers with only 20 brokers, or all major global brokers)? trying to understand the extent of their data/market participant's perspective?
{quote} Thanks for summing it up i also subscribed to bankersfx to try it out, it's pretty accurate i tend to use it for locating possible trending pairs with bank position and ride the wave at retracement with core volume like buying GBPAUD since asian session, which contribute to more than 70 pips move
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Hi Zkk,
How do you ride the wave at retracement with core volume?
