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  • #1,184,261
  • Sep 16, 2020 10:15am Sep 16, 2020 10:15am
Quoting Cnvrsn
{quote} I would love to hear a deeper explanation
I don't have a huge explanation for you and I'm still new-ish to the markets but those 1809/1810 area orders had been hanging out down there since last Thursday. I'm surprised it didn't go all the way to 1800. Lots of liquidity down there from my perspective.
  • #1,184,262
  • Sep 16, 2020 10:17am Sep 16, 2020 10:17am
Quoting mistaouting
{quote} SOOOOO when you get stopped out the money you just lost will go to those finical institutions or whoever your broker is or buys and sells FX contracts for?
maybe.. i dont know .. ask the genius one.. im meugampong/villager
  • #1,184,263
  • Sep 16, 2020 10:20am Sep 16, 2020 10:20am
Quoting spiderfly
{quote} I don't have a huge explanation for you and I'm still new-ish to the markets but those 1809/1810 area orders had been hanging out down there since last Thursday. I'm surprised it didn't go all the way to 1800. Lots of liquidity down there from my perspective.
Normally the 00, 20, 50, 80 are institutional levels, loads of orders floating around there, im fairly new as well, but from the research ive done, and the testing, this seems to hold good.
  • #1,184,264
  • Sep 16, 2020 10:20am Sep 16, 2020 10:20am
Quoting spiderfly
{quote} I don't have a huge explanation for you and I'm still new-ish to the markets but those 1809/1810 area orders had been hanging out down there since last Thursday. I'm surprised it didn't go all the way to 1800. Lots of liquidity down there from my perspective.
Makes more sense than some other ideas I have heard before
LOCK IN RE-ENTER
  • #1,184,265
  • Sep 16, 2020 10:24am Sep 16, 2020 10:24am
Some traders are fucked up because their TP didn't get hit. Be satisfied on what the market can give. It goes up and down, put TSL and let it get hit instead of TP.
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Only an idiot knows with certainty to where the market is going.
  • #1,184,266
  • Sep 16, 2020 10:27am Sep 16, 2020 10:27am
Quoting SashaP
{quote} Anyways 15k$ made between eur and jpy...
Call me skeptical, but I don't believe you.
Learn from your mistakes and march on.
  • #1,184,267
  • Sep 16, 2020 10:31am Sep 16, 2020 10:31am
Quoting MrBullBear
Some traders are fucked up because their TP didn't get hit. Be satisfied on what the market can give. It goes up and down, put TSL and let it get hit instead of TP. {image}
I have noticed at times that price would hit my TP but not close the trade. Then it would reverse, and I would get screwed. And then there have been times when my SL would get triggered when price didn't even hit it.

And that is why I have an EA to close my trades at the price I want. The broker can't see my TP or SL. Brokers, no matter how regulated, can't be trusted in my opinion.
Learn from your mistakes and march on.
  • #1,184,268
  • Sep 16, 2020 10:37am Sep 16, 2020 10:37am
SL hit on GBPAUD buy. One loss today overall in profit.
  • #1,184,269
  • Edited 10:50am Sep 16, 2020 10:38am | Edited 10:50am
Quoting meugampong
{quote} maybe.. i dont know .. ask the genius one.. im meugampong/villager
possibly just money to your dealer...but they buy/sell loads of contracts at once to cover orders made buy their customers....

you buy or sell euro your broker already has X amounts of contracts to cover their customers and those short and long contracts are interchangable between their clients...like if you went long a lot and someone else went short a lot with the same dealer its a net 0 change...they buy and sell contracts all day at varying prices to cover orders made buy there clients and not break the house (the dealer)

your broker/dealer covering your orders....you might buy 10 lots at $1 but your broker/dealer already have 100,000 lots of euro contracts to cover your order....they may trade/buy/sell contracts with other broker dealers all the time...

But investment institutions make money on price changes on FX and they are not moving much FX around intraday other than algos...

Cant explain it well...but these is things i have come to understand but i am looking to learn so if wrong or not how it works I would love for someone to share.

But institutions probably were long and still long long time ago...and not bother much or could care less about intraday moves but long term forecast that can change with news....

Someone help me understand
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  • #1,184,270
  • Sep 16, 2020 10:38am Sep 16, 2020 10:38am
Quoting here2there
{quote} Call me skeptical, but I don't believe you.
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  • #1,184,271
  • Sep 16, 2020 10:40am Sep 16, 2020 10:40am
Quoting here2there
{quote} Call me skeptical, but I don't believe you.
No one has to believe anyone lol
  • #1,184,272
  • Edited 10:53am Sep 16, 2020 10:41am | Edited 10:53am
Quoting Cnvrsn
{quote} No one has to believe anyone lol


I have to say if I was making $13K a week...everyone here would know and it wouldn't be because I posted it on this forum....

I think I would have some books published, on a few magazines, a nice IG and youtube page....

EDIT: But when a tree falls in the woods and no one is there to hear it or see doesn't mean that tree didn't fall
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  • #1,184,273
  • Sep 16, 2020 10:54am Sep 16, 2020 10:54am
Quoting mistaouting
{quote} I have to say if was making $13K a week...everyone here would know and it wouldn't be because I posted it on this forum.... I think I would have some books published, on a few magazines, a nice IG and youtube page....
If I was making 13k or more a week trading, I wouldn't waste my time on this forum. Lol

And to me, that is what makes SashaP's story most unbelievable. With that kind of money, I could think of better places to be. Lol
Learn from your mistakes and march on.
  • #1,184,274
  • Sep 16, 2020 10:57am Sep 16, 2020 10:57am
Quoting here2there
{quote} If I was making 13k or more a week trading, I wouldn't waste my time on this forum. Lol And to me, that is what makes SashaP's story most unbelievable. With that kind of money, I could think of better places to be. Lol
when you start to make that kind of money, you'll realise nothing much changes.
  • #1,184,275
  • Sep 16, 2020 10:59am Sep 16, 2020 10:59am
Quoting here2there
{quote} I have noticed at times that price would hit my TP but not close the trade. Then it would reverse, and I would get screwed. And then there have been times when my SL would get triggered when price didn't even hit it. And that is why I have an EA to close my trades at the price I want. The broker can't see my TP or SL. Brokers, no matter how regulated, can't be trusted in my opinion.
That is because of the spread. A spread of 2 pips means price needs to go past your TP by 2 pips to close.
  • #1,184,276
  • Sep 16, 2020 11:01am Sep 16, 2020 11:01am
Quoting shay14
{quote} when you start to make that kind of money, you'll realise nothing much changes.
You are probably right about that. I would have more money to do good in the world, however. So that would likely keep me too busy to come here.

People coming in here only to boast about how much money they have made on their trades without sharing anything of substance to help others is not only wasteful but suspicious.
Learn from your mistakes and march on.
  • #1,184,277
  • Sep 16, 2020 11:02am Sep 16, 2020 11:02am
Quoting here2there
{quote} If I was making 13k or more a week trading, I wouldn't waste my time on this forum. Lol And to me, that is what makes SashaP's story most unbelievable. With that kind of money, I could think of better places to be. Lol
lol...i mean its pretty entertaining here...i couldn't blame them for being here....but i definingly would write a book and get published good money and not as risky as trading FX plus so many people would want to learn how to make 13K in a day surely it would be a #1 seller
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  • #1,184,278
  • Sep 16, 2020 11:03am Sep 16, 2020 11:03am
Quoting shay14
{quote} when you start to make that kind of money, you'll realise nothing much changes.
surely somethings change....lets start with tax
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  • #1,184,279
  • Sep 16, 2020 11:04am Sep 16, 2020 11:04am
Quoting here2there
{quote} I have noticed at times that price would hit my TP but not close the trade. Then it would reverse, and I would get screwed. And then there have been times when my SL would get triggered when price didn't even hit it. And that is why I have an EA to close my trades at the price I want. The broker can't see my TP or SL. Brokers, no matter how regulated, can't be trusted in my opinion.
Retail traders are like dwarfs with big illusion thinking that they are one of the contestants participating in Gladiator battle arena were Giants fight each other.
Only an idiot knows with certainty to where the market is going.
  • #1,184,280
  • Sep 16, 2020 11:04am Sep 16, 2020 11:04am
Quoting coolhand
{quote} That is because of the spread. A spread of 2 pips means price needs to go past your TP by 2 pips to close.
You make a good point.
Learn from your mistakes and march on.
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