How can you track the "smart money” | Forex Factory

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How can you track the "smart money”

  • #1
  • First Post: Jun 3, 2022 3:27am Jun 3, 2022 3:27am
Any way to know when the "big hands or smart money” are buying or selling?
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  • #2
  • Jun 5, 2022 6:04pm Jun 5, 2022 6:04pm
Options Time & Sales data is live whenever the instrument is trading. You can sort by size of trade to see when/what the "big hands" were trading. At the end of the day, you can export all of the day's trades to a file you can save and refer back to later.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #3
  • Jun 6, 2022 12:33am Jun 6, 2022 12:33am
For FX or other instruments? There's a big difference in what's available.
  • #4
  • Jun 6, 2022 4:36am Jun 6, 2022 4:36am
With tracker in their pockets I think
  • #5
  • Jun 6, 2022 7:17am Jun 6, 2022 7:17am
Quoting Entuculo
Any way to know when the "big hands or smart money” are buying or selling?
Trade Futures, you see all the big orders
Trading thin liquidity at the boundary of the charts
  • #6
  • Jun 6, 2022 7:30am Jun 6, 2022 7:30am
Quoting RickM
{quote} Trade Futures, you see all the big orders
True, however futures orders are confused by the combination of limit and market orders... so difficult to tell a buy from a sell.
  • #7
  • Jun 6, 2022 5:51pm Jun 6, 2022 5:51pm
Quoting pakeha
{quote} True, however futures orders are confused by the combination of limit and market orders... so difficult to tell a buy from a sell.
Market orders are seen in the Time & Sales column, that is where you should look.
Nothing else is of much value.

The real problem is of course they need to hide their intentions, so all we know is very large sells pushed the market either bearish or bullish - go in the direction it moves the market.
Trading thin liquidity at the boundary of the charts
  • #8
  • Jun 6, 2022 7:02pm Jun 6, 2022 7:02pm
Just trade price action, that ICT SMC stuff is scammers dude. He has no verifiable trading accounts over time. Get off the cringe instagram, twitter, youtube social media nonsense.
Love to talk on Discord: DividendGamer#1324
  • #9
  • Jun 9, 2022 12:43am Jun 9, 2022 12:43am
The smart money is what the big banks use. They make the price rise or fall. We can all see this, they can't hide what they're doing.

Let's also recognise that if there is such a thing as smart money, then there must be such a thing as dumb money. Dumb money s what new private retail forex traders use. Most of them are losing money right now and most will be wiped out within one year from now.

Big banks don't blow up.
  • #10
  • Edited 5:37am Jun 9, 2022 5:24am | Edited 5:37am
What about using some of the indicators that can help with Identifying Chart Patterns ?
Wich indicator or patterns can you use to see where the price migh do next?

SMART MONEY MOVE PRICE.
""increases in institutional ownership are associated with positive returns, and reductions in institutional ownership with negative returns""
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  • #11
  • Jun 9, 2022 5:42am Jun 9, 2022 5:42am
So is the smart money predicting that the war will end and they are taking money out of energy markets?
""The US is trying to provide effective military support to Kyiv while keeping the support of allies worried about a long conflict.""But KYIV and key towns and cities will fall anyway.
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  • #12
  • Jun 13, 2022 1:11am Jun 13, 2022 1:11am
Smart money getting out of energy market?
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  • #13
  • Jun 14, 2022 1:23pm Jun 14, 2022 1:23pm
Quoting Entuculo
Smart money getting out of energy market? {image} {image}
1
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  • #14
  • Jun 15, 2022 1:13am Jun 15, 2022 1:13am
Quoting Entuculo
Any way to know when the "big hands or smart money” are buying or selling?
I think is seemingly impossible, because forex is a decentralized market with a lot of LP.
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 9.4%
  • #15
  • Jun 15, 2022 9:10pm Jun 15, 2022 9:10pm
Quoting KnifeS2
{quote} I think is seemingly impossible, because forex is a decentralized market with a lot of LP.
Don’t believe that lie, that’s for fools.

Look a bit harder
Trading thin liquidity at the boundary of the charts
  • #16
  • Jun 16, 2022 12:31am Jun 16, 2022 12:31am
Quoting RickM
{quote} Don’t believe that lie, that’s for fools. Look a bit harder
ahhh another one, i do not want to discuss so "you are perfectly correct".

But guys be warned about "Smart money concept" "I can follow the banks" and things like that.
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 9.4%
  • #17
  • Edited 2:28am Jun 16, 2022 2:08am | Edited 2:28am
Quoting Entuculo
Any way to know when the "big hands or smart money” are buying or selling?
On forex you can get real exchanges data and analyze it.

On crypto it is much more interesting and effect. You can get real trades data for free for any exchange you like or even for several exchanges at once. Also, since blockchain is public on most assets, you can easy track big amount of "money" players send to/from exchange. For example if they send a lot of BTC then they will sell it, if they send USDT, they will buy. Of course there is not 100% rule, but at least you have more information than on forex.

As example. Here you ask if they getting out.

Quoting Entuculo
Smart money getting out of energy market? {image} {image}
But you have provided chart with 2 moving averages and candlesticks. It is impossible to say if there are any money with that 3 indicators.
To answer the question you can calculate trades, check average leverage used, check where stops are, compare trades made last week for example and that week. Then you can say that there are 50% less trades now, for example.
Observer effect
  • #18
  • Jun 16, 2022 5:15am Jun 16, 2022 5:15am
Open up 28 pairs, load up a few indicators and EA’s.
At certain times of the day the market will move almost as one, and your PC/Laptop will go into overdrive with data calculations.
The fan will spark up or go noisy, go look at the pairs and see which ones are producing bigger than average candles.
Usually there will be 3 moves to take price to a target. Fan will almost go silent between the moves.
Up to you then on how you trade the move!
  • #19
  • Jun 16, 2022 5:20am Jun 16, 2022 5:20am
Quoting ryuryu
{quote} It is impossible to say if there are any money with that 3 indicators.compare trades made last week for example and that week. Then you can say that there are 50% less trades now, for example..
You are talking about volume.
Some indicators can said if there are 50% less traders
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  • #20
  • Jun 16, 2022 5:30am Jun 16, 2022 5:30am
Quoting Entuculo
{quote} You are talking about volume. Some indicators can said if there are 50% less traders {image} {image}
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