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  • #81
  • May 23, 2021 6:24am May 23, 2021 6:24am
Quoting str8v4lu3
{quote} Jeah thats right, by liquidity i mean resting orders from retail traders like stopp losses or pendingorders. Price tends also to fill liquidity gabs.
Are these the fast moves in one direction which happen everyday?

Thanks for the reply and your time
A trade should be based on an assumption based on facts
  • #82
  • May 23, 2021 6:42am May 23, 2021 6:42am
Quoting maverick2017
{quote} Are these the fast moves in one direction which happen everyday? Thanks for the reply and your time
yes these moves usually starts when retailtraders has been stoppedout.
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #83
  • May 23, 2021 6:48am May 23, 2021 6:48am
It is better to look at the markets like a marketmaker. Marketmaker are not your friends. They do everything to lead you on the wrong track and then take your money away from you.
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #84
  • May 23, 2021 7:00am May 23, 2021 7:00am
Quote
They do everything to lead you on the wrong track
Hi,
I used to have a similar view but what helped me more is simply remembering that MMs will enter when there is low liquidity. These low liquidity areas can lead to a swing if this is a newly created area. <-- only my thought, could be wrong.

Thanks for your time v4lu3
A trade should be based on an assumption based on facts
  • #85
  • May 23, 2021 7:09am May 23, 2021 7:09am
Quoting str8v4lu3
It is better to look at the markets like a marketmaker.
I agree.

Quoting str8v4lu3
Marketmaker are not your friends. They do everything to lead you on the wrong track and then take your money away from you.
I disagree. This type of thinking will prevent you from taking your trading to the next level.
You have absolute control whether you wish to take a trade or not.
You have absolute control over the size of your position.
You have absolute control of the risk you wish to take.
You have absolute control of the direction you wish to take.
You have absolute control over when you wish to enter / exit your trade.

Take responsibilty for your own trading.
It never gets easier, you just get better
  • #86
  • May 23, 2021 7:42am May 23, 2021 7:42am
Quoting Shabs19
{quote} I disagree. This type of thinking will prevent you from taking your trading to the next level. You have absolute control whether you wish to take a trade or not. You have absolute control over the size of your position. You have absolute control of the risk you wish to take. You have absolute control of the direction you wish to take. You have absolute control over when you wish to enter / exit your trade. Take responsibilty for your own trading.
Of course I take responsibility for my own trading and have absolute control over these things, but i can do even better if I know what the MM will probably do next.

Or do I misunderstand you?
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #87
  • May 23, 2021 8:04am May 23, 2021 8:04am
Quoting str8v4lu3
{quote} Of course I take responsibility for my own trading and have absolute control over these things, but i can do even better if I know what the MM will probably do next. Or do I misunderstand you?
If you believe you are trading against the MM's then you will always have a problem, you will blame them and duck responsibility.

Look at MM's as order fillers for both sides, it is up to you to work out which side you should be.
You don't need to know what they will do next, just only what you will do next.
It never gets easier, you just get better
  • #88
  • May 23, 2021 8:22am May 23, 2021 8:22am
Quoting Shabs19
{quote} If you believe you are trading against the MM's then you will always have a problem, you will blame them and duck responsibility.
Yes of course,

maybe I expressed myself wrong, I didn't mean to say that MM is always to blame if you lose money. But the fact is that they also have an interrest to earn money from you and also prepare the market for it.

Quoting Shabs19
{quote}Look at MM's as order fillers for both sides, it is up to you to work out which side you should be.
I agree
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #89
  • May 23, 2021 8:48am May 23, 2021 8:48am
Quoting str8v4lu3
{quote} Yes of course, maybe I expressed myself wrong, I didn't mean to say that MM is always to blame if you lose money. But the fact is that they also have an interrest to earn money from you and also prepare the market for it. {quote} I agree
Brokers will always make money, from charging the spread and also from the first trader taking the wrong position which will provide liquidity for the second trader's order in the other (correct) direction.

It is up to you to be the second trader in this scenario.

How do you avoid paying the spread ? By trading like the MM with Limit Orders.
It never gets easier, you just get better
  • #90
  • May 24, 2021 11:05am May 24, 2021 11:05am
Thanks @ Maverick2017 for directing me to here!
Hi All, I am new to the forum, by the way, not many forums out there!
I am not sure if this is a good place to ask for advice since I am not a forex trader, I spread bet on Germany Dax index, mostly day trading.

It is purely a question on the exit strategy aiming at minimising the loss.

I have a loss position of nearly 8k of which 3.8k is my money. The loss position I have maintained opened back in March 2021 enabled me to bet double the cash margin I have put in - unfortunately Dax shot up to 15k from opening my position at 13800 or so....
So at the moment I am left unfortunately with very little of account value - of merely 68 euro, and the loss position is 8k made of 6.8k of loss position running all the time, and the hedge of buy positions at different levels of 'profit' of 1200 (5 euro sell and 5 euro buy hedge - on the same instrument) - my overall margin is zero ( Cash at 6,800 since I have not wanted to close positions.

So even if today dax dropped to 13800, I could not close my sell position, since not enough margin to cover the 5 euro be sell that is hedging.

Obviously do not want to put in more money, but just thinking how to exit in stages once dax goes into correction territory...

Any suggestions ( except - closed all position and be left with 68 euro) appreciated.
Thanks a lot in advance for sharing the knowledge!

  • #91
  • Jun 7, 2021 7:05am Jun 7, 2021 7:05am
Quoting PeterCaleb
This is not fundamental analysis - it is propaganda. Real FA is about Life on Earth in segments and in sequence. Something so simple yet so important most people seem to conveniently ignore. Question your thinking and stop trying to be "clever". It doesn't work. Trading is about Life rolled up into a single understanding. So many I see here are obsessed with the "details". Is it then surprising that you're not doing well? If you haven't mastered the basics, how can you learn the advanced stuff??? Peter
It may not be fundamental analysis to YOU, but others can still use (perceived) fundamental analytical information to make sound decisions in the market.

I really like the material that you post as it really encourages out of box thinking which is essential for trading, but for any trader that is starting out or for those midway through their journey reading Peter's post and is feeling somewhat dishevelled I would suggest the following:

  1. Carry on exploring
  2. Do what works, drop what doesn't
  3. Write a diary to help gauge an intuitive understanding of what you are doing in the marketplace


Trading and especially technical analysis is so bespoke to the trader that what one might deem to be basic could be advanced to another trader and vice versa, so go down your own path and intermittently log where you are going so you don't get lost.

  • #92
  • Jun 7, 2021 7:11am Jun 7, 2021 7:11am
Quoting paul72
{quote} hi can you share the system you trade or point me in the direction where i can learn it please. cheers Paul
I'm not fond of sharing my trading strategy but I am here to help, so what help do you need specifically?

If it is a thing where you are starting out and you need a strategy I would suggest going on the Trading System part of Forex Factory, this is something I wish I did when starting out as you can engage in a discussion with other passionate traders about and talk about a strategy, where everyone has one aim to make money on it
  • #93
  • Jun 7, 2021 8:42am Jun 7, 2021 8:42am
Hi,
I wanted to know why there are fundamentals when these so-called big boys don't follow these?
They just want the money from retail traders and take the market to the opposite of fundamentals.
If I could shoot one of them I would have!
  • #94
  • Jun 7, 2021 9:49am Jun 7, 2021 9:49am
Quoting LotstoLose
Thanks @ Maverick2017 for directing me to here! Hi All, I am new to the forum, by the way, not many forums out there! I am not sure if this is a good place to ask for advice since I am not a forex trader, I spread bet on Germany Dax index, mostly day trading. It is purely a question on the exit strategy aiming at minimising the loss. I have a loss position of nearly 8k of which 3.8k is my money. The loss position I have maintained opened back in March 2021 enabled me to bet double the cash margin I have put in - unfortunately Dax shot up to 15k...

Can we see a print screen of your positions, you can cover up most of the information, just need to see entries and prices.

I would also add that if you are going to be holding a position for such a lengthy period of time, please please check the fundamentals!! They would have SCREAMED, I repeat SCREAMED at you that selling any G8 index is a bad idea!
  • #95
  • Jun 7, 2021 9:59am Jun 7, 2021 9:59am
Quoting rafnat
Hi, I wanted to know why there are fundamentals when these so-called big boys don't follow these? They just want the money from retail traders and take the market to the opposite of fundamentals. If I could shoot one of them I would have!
I would refrain from doing any shooting lol! It is what you've just describe that makes the markets such a marvel!

If we use Peters framework to describe the markets, which in a nutshell basically theorizes on the markets being synonymous with life, something I would go as far as to say is a fact! We can begin to see how fundamental analysis can be a contrarian signal depending on your time horizon.

When fundamental information is released, unless it is a surprise, at least 80% of that information is priced into the markets. Now let's put ourselves in the shoes of those traders who managed to get in before everyone else, they will be wanting to take their profits by removing their positions which in turn will cause price to go the opposite direction.

There are other ways one could re-write this story but it is important that we as traders start to see things for what they are and not what you want them to be; because whilst you are here complaining on this thread, someone else is out there re-adjusting their strategy and making money off of what you have just observed, I suggest you become like the latter if you want longevity in this game.
  • #96
  • Jun 14, 2021 12:14am Jun 14, 2021 12:14am
Good Day. May I ask how does one go about analysing fundamentals? I know we go to the economic calendar but I want to use fundamental analysis while using my own technical analysis approach but I dont know how to analyze fundamentals. I dont know if you understand me.
  • #97
  • Jun 15, 2021 5:50am Jun 15, 2021 5:50am
Fundamentals for trading forex is a holistic concept of analyzing currency pair. As we know any forex currency pair involve two countries so it is important to understand the macro economic factors like BOT figures between the two and individual real GDP figures , there are few more factors such as:

 

  1. Retail Sales
  2. Industrial Production
  3. Consumer Price Index (CPI)

Study of these along with your area of interest will be more beneficial.

  • #98
  • Last Post: Jun 19, 2021 6:17am Jun 19, 2021 6:17am
sir good day can I ask if is there any indicator that show a certain volume at a certain hour averaged of multiple days past days? kindly please help
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