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Everyone I want you to look at this

  • #1
  • First Post: Aug 4, 2021 10:22am Aug 4, 2021 10:22am
I don't have much time

I have a decent position in NZDCAD, my price is at 8820 and got caught yesterday.

see how the price stalled right there..

Food for thought, I want you to realize what you are up against.

Yes the mkts, in this case fx are manipulated, don't drive yourselves on finding out who it is. Just realize it

this happens on on a daily basis

Again, my size is different than yours, but this is what you are up against.
  • #2
  • Aug 7, 2021 2:41pm Aug 7, 2021 2:41pm
Another post moved to the "rookie" section. Surprised it wasn't outright deleted. People hate truth.

Reality the entire forum are all rookies. There's more respect to someone that admits that they don't know what they are doing.

I wanted to elaborate on the original post, what was a live creation of support/resistance. This happens for a more dubious reason than you people realize.

A trader significant enough in size (myself in this case) is caught at a level and the mkt maker will intentionally trap preventing a price breach. In turn inducing a close at a loss or possibly more perilous, an averaging of his price higher or lower depending the direction. There a lot of criteria for this and invariably I become more exposed no matter. A few trade offs are the ability to close earlier in profit or hold for more than the original expected.

There are people that believe that this kind of thing doesn't happen and the spot mkt is a nice honest place. I can assure you there is a much more sinister side and competitive side than chalking things like this as "price discovery". There are very big players that can move and hold an pair. There's a lot of hands in the pot. There are a lot of secrets, it's a tight knit industry. Their relationships between them are much closer than your brokerage's relationship manager and you.

Don't confuse yourself on the who's. My best advice to someone that really want's to become a professional currency trader, as a number one goal, DON'T LET THE HOUSE WIN. After that is to BEAT THE HOUSE.

You need to find out how to do this in an ever-changing environment.

Briefly about technicals and "set-ups". I don't know how any sane person can use anything beyond the most basic and lightly for that matter and not get destroyed in no time or barely make a pittance.

I see a lot of positive thinking and mantras in this section, if it was that easy you'd all be making ten percent weeks by now. If a lot of you people that have the notion of a real spot trader knew how much work and cash burn is involved I doubt many of you would even want to even try.

There's an ocean of experience to hurdle, but tiny granules of knowledge of why things like support and resistance is really formed makes for a real trader.
That's a big reason why no one is a trader here and just stuck.
  • #3
  • Aug 9, 2021 12:17pm Aug 9, 2021 12:17pm
Are you telling us you legged in a few yards and caused the UCAD calendar strike for 48hrs?
  • #4
  • Aug 11, 2021 3:34am Aug 11, 2021 3:34am
Quoting Fml
I don't have much time I have a decent position in NZDCAD, my price is at 8820 and got caught yesterday. see how the price stalled right there.. Food for thought, I want you to realize what you are up against. Yes the mkts, in this case fx are manipulated, don't drive yourselves on finding out who it is. Just realize it this happens on on a daily basis Again, my size is different than yours, but this is what you are up against.
Brother, it's just understanding order flow, which is free information. Calling it manipulation is a little far-fetched. You gotta deal with the reality of the market you trade.
  • #5
  • Edited 8:20pm Aug 14, 2021 7:22pm | Edited 8:20pm
Quoting triphop
Are you telling us you legged in a few yards and caused the UCAD calendar strike for 48hrs?
I don't have the faintest idea what you're talking about

Using futures to trade currencies over spot tells me quite a bit though
  • #6
  • Aug 14, 2021 8:13pm Aug 14, 2021 8:13pm
Quoting codenameHara
{quote} Brother, it's just understanding order flow, which is free information. Calling it manipulation is a little far-fetched. You gotta deal with the reality of the market you trade.
Your first mistake is calling me brother.

It's bizarre how readily you people try to explain something you aren't experienced in to people you know nothing about. It isn't far-fetched, it's spot on. You don't know what I know and you definitely aren't putting on my trades.
  • #7
  • Aug 15, 2021 10:09am Aug 15, 2021 10:09am
Quoting Fml
{quote} I don't have the faintest idea what you're talking about Using futures to trade currencies over spot tells me quite a bit though
Which bit? Trading synthetics, size or risk warehousing?
  • #8
  • Aug 15, 2021 10:24am Aug 15, 2021 10:24am
if everything you say its true then Why you trade the way you do it then??

Why dont you wait for the "market makers/manipulators/big players" to move the market and jump on the train?? even a kid can see and do this


Something isnt adding up
  • #9
  • Aug 20, 2021 10:53pm Aug 20, 2021 10:53pm
Quoting Fml
I don't have much time I have a decent position in NZDCAD, my price is at 8820 and got caught yesterday. see how the price stalled right there.. Food for thought, I want you to realize what you are up against. Yes the mkts, in this case fx are manipulated, don't drive yourselves on finding out who it is. Just realize it this happens on on a daily basis Again, my size is different than yours, but this is what you are up against.
Just curious you entered a long position and you think the entire market decided at that point to turn against you?
  • #10
  • Aug 22, 2021 7:26am Aug 22, 2021 7:26am
Quoting triphop
{quote} Which bit? Trading synthetics, size or risk warehousing?
quit the bullshitt "synthetics and risk warehousing". Concentrate on doing and less trying to sound smart.

Quoting havo
if everything you say its true then Why you trade the way you do it then?? Why dont you wait for the "market makers/manipulators/big players" to move the market and jump on the train?? even a kid can see and do this Something isnt adding up
From what I saw you need to understudy any of those kids then.

Sorry you're having trouble with your math.

Quoting XxixixX
{quote} Just curious you entered a long position and you think the entire market decided at that point to turn against you?
Curious is if you actually comprehend what you read. I know it may be difficult as English doesn't seem to be your first laguage.
  • #11
  • Aug 22, 2021 9:42am Aug 22, 2021 9:42am
Soo, you open a thread to rant about this?:

"A trader significant enough in size (myself in this case) is caught at a level and the mkt maker will intentionally trap preventing a price breach. In turn inducing a close at a loss or possibly more perilous, an averaging of his price higher or lower depending the direction. There a lot of criteria for this and invariably I become more exposed no matter. A few trade offs are the ability to close earlier in profit or hold for more than the original expected"

Then how is it possible that such a trader of your level gets caught with the pants down? i mean, you should know how the markets works right?? why you trade like that in the first place??

Then proceed to go passive/aggressive on everyone posting in this thread.. mmm interesting

you sound just like a regular noobie trader that got owned by the market and you are just blowing up steam on this forum; its ok, deal with it like an adult and move on, we all being there sometime in the past

Good luck next time
  • #12
  • Edited 4:26am Aug 24, 2021 4:01am | Edited 4:26am
Quoting Fml
{quote} quit the bullshitt "synthetics and risk warehousing". Concentrate on doing and less trying to sound smart. {quote} From what I saw you need to understudy any of those kids then. Sorry you're having trouble with your math. {quote} Curious is if you actually comprehend what you read. I know it may be difficult as English doesn't seem to be your first laguage.
Us retail fuckwits eh, I know, I know.

my advice is concentrate on the $470m ucad calendar spread that held up price to 8820 on nzdcad till the cut on that Friday that would have told you your position is toast.

enjoy your weekend
  • #13
  • Aug 30, 2021 3:30pm Aug 30, 2021 3:30pm
Quoting havo
Soo, you open a thread to rant about this?: "A trader significant enough in size (myself in this case) is caught at a level and the mkt maker will intentionally trap preventing a price breach. In turn inducing a close at a loss or possibly more perilous, an averaging of his price higher or lower depending the direction. There a lot of criteria for this and invariably I become more exposed no matter. A few trade offs are the ability to close earlier in profit or hold for more than the original expected" Then how is it possible that such a trader...
You already have all the answers and know more than any professional trader I know.
  • #14
  • Aug 30, 2021 3:31pm Aug 30, 2021 3:31pm
Quoting triphop
{quote} Us retail fuckwits eh, I know, I know.
Yes in your case
  • #15
  • Sep 1, 2021 3:00am Sep 1, 2021 3:00am
Quoting Fml
{quote} Yes in your case
I know right, I can barely tie my own shoelaces.

As coincidence would have it, a large order was blown apart at ... 8820. And there was always a chance it was you. Remote. But possible. I like to give people the benefit of the doubt.

But it wasn't as we've quickly established so I'll leave you to whatever the chuff it is you're doing.
  • #16
  • Jun 12, 2022 9:51am Jun 12, 2022 9:51am
Quoting havo
if everything you say its true then Why you trade the way you do it then?? Why dont you wait for the "market makers/manipulators/big players" to move the market and jump on the train?? even a kid can see and do this Something isnt adding up
I know I'm new to this forum, so please forgive my intrusion here, but this seems like the only sensible discussion around Renko to me. The whole purpose of using Renko to me is to reduce and eliminate the noise. I like to think I'm intelligent enough to be immune to the sentiment, but I know I'm not. So take away the loud blaring news klaxons that are indicators and look at the chart and let the market point us in the right direction.

I'm using a standard half trend without arrows or channels just to keep my eyes focused on what is happening. It isn't my indicator, just more of a focuser of my attention.

After a run, you'll get a single reverse box. At standard settings, this coincides with the half trend going flat. This is my moment to act.

I set an order in both directions one box away for 1% of my equity with a stop loss back at this decision point where the half trend is flat and where I'm entering the trade. If I'm wrong, I lose exactly 1% (I use an MT4 position size calculator that considers commissions and such to determine an accurate 1% so that's built in). If I'm correct, when the first box prints in my direction, I move my stop loss to break even and it's a free trade. I literally just let it run until the next reversal and close my position and reset because I'm now at a fresh half trend plateau wanting to see if we're continuing in the direction of the reversal or if it's just a brief pause in a larger trend.

I risk 1%. I can easily catch 4, 10, 18% on a run without indicators.

The need for trade signals seems pedestrian to me in a charting discipline (Renko) that exists to remove all the trash from the screen.
  • #17
  • Last Post: Jun 25, 2022 1:36pm Jun 25, 2022 1:36pm
Quoting colbster
{quote} I know I'm new to this forum, so please forgive my intrusion here, but this seems like the only sensible discussion around Renko to me. The whole purpose of using Renko to me is to reduce and eliminate the noise. I like to think I'm intelligent enough to be immune to the sentiment, but I know I'm not. So take away the loud blaring news klaxons that are indicators and look at the chart and let the market point us in the right direction. I'm using a standard half trend without arrows or channels just to keep my eyes focused on what is happening....
How do you get Renko from this thread? Noise...the noise I see is all the usual detractors trying to start arguments.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
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