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Forex Gang Trade

  • #1
  • First Post: May 31, 2007 6:38am May 31, 2007 6:38am
OK, My idea is to have a gang of us ( say a couple hundred to a thousand(s)) that gang the market around important areas (fib /S&R /trendlines) and force a bounce by all trading in the same direction @ the same time


do you guys think it is possible? to gang and move the market?


( a single spark of movement can cause the whole herd to follow)
100% of traders are losers. Just that some win more than they lose!
  • #2
  • May 31, 2007 6:54am May 31, 2007 6:54am
Sure there is. The gang name is called "Central Banks" "Fed reserve" and "Huge Funds"
  • #3
  • May 31, 2007 7:10am May 31, 2007 7:10am
If 1000 of us all traded one standard lot, that would be 100 Million. Not enough. I think it takes a good deal more than that to cause a move larger than just normal noise. Sometimes a few hundred million would move it, other times it takes 10's of billions I think. Just my opinion.
  • #4
  • May 31, 2007 7:50am May 31, 2007 7:50am
And what about trading of currency futures 2008 which has much lower volume than spot forex?
  • #5
  • May 31, 2007 7:52am May 31, 2007 7:52am
Quoting radyfox
And what about trading of currency futures 2008 which has much lower volume than spot forex?
please reform your sentence,, so i can understand it..
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #6
  • May 31, 2007 7:59am May 31, 2007 7:59am
I would like to know whether we can move market if we trade currency futures with too low day volume (with long time to expiration, for ex. 2008), because big movers dont trade them yet. They trade concurrent futures ...


Quoting abulsaid
please reform your sentence,, so i can understand it..
  • #7
  • May 31, 2007 8:21am May 31, 2007 8:21am
For example look at the difference between volume amount of current and next futures. (Jun-September 2007)
Each future begin with 0 volume 1 year before expiration...
Attached Image (click to enlarge)
Click to Enlarge Name: futures.jpg Size: 45 KB
  • #8
  • May 31, 2007 8:33am May 31, 2007 8:33am
So what are the rules for making an entry and exit?

Cuz, I don't want to be the last one to get in the position.
  • #9
  • May 31, 2007 8:35am May 31, 2007 8:35am
Quoting radyfox
And what about trading of currency futures 2008 which has much lower volume than spot forex?
Then a gang of us will be stuck with them since the market may not be liquid enough for us all to get out.

If we move the spot market, the herd will follow. If we move 2008 futures, even those who would notice will not jump in since it is so far in the distance.

Good thinking, though.
  • #10
  • May 31, 2007 9:59am May 31, 2007 9:59am
Lol. everytime i hear people saying it takes billions and billions to move the market i have to laugh. NOT true!

Ask darkstar about this (re: stop hunting)


now, the main idea behind this procedure is to have a setup that most traders will agree is low risk and high probability (eg: trend line bounce).

then, we gang the market putting in our market orders (not limit order as limit orders will not move the market like how we want it).

these orders could spark a movement of about 10 or so pips, which would be enough for the herd to follow since it would be a logical setup, i.e trendline bounce, fibo retracement bounce, and especially support and resistance.

believe me, the market is easier to move if done in thin volume market hours.

so the idea in summary is to discuss a possible setup, prepare to gang trade it at a certain 'thin' hour, then send out an alert exactly when the trade will be taken.

think about the possiblities, the same effect as news trades
100% of traders are losers. Just that some win more than they lose!
  • #11
  • May 31, 2007 10:11am May 31, 2007 10:11am
Quoting Mr demark
Lol. everytime i hear people saying it takes billions and billions to move the market i have to laugh. NOT true!

Ask darkstar about this (re: stop hunting)
Allow me to say that you are wrong,,, i think when some traders want to create a trade union, they want that union because they are in a wrong lousy trades or they want to go against the trend,, from her i say that you needs trillions and trillions of USDs to move the market against the trend...
now if you don't want to move against the trend you don't need a gang,, just you need to enter a trade on the best time,,,

And don't tell me that there are periods we had a lack of trend... no that's not right... every time we have a trend,, but the strength of the trend is the issue..

and an idea of gang will never success since we don't physically meet each other,, don't forget the psycology effects and many other effects,,,

Really i think the gang idea is not profitable and it doesn't make any sense...

Good Trading to All.....
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #12
  • May 31, 2007 10:24am May 31, 2007 10:24am
Quoting abulsaid

Really i think the gang idea is not profitable and it doesn't make any sense...

Good Trading to All.....
Second that
  • #13
  • May 31, 2007 10:30am May 31, 2007 10:30am
I dont think it will work... not trying to be the guy who poops in the punchbowl but most of our orders do not even make it to the real market because we only control an insignificant amount of captial

Quoting Mr demark
Lol. everytime i hear people saying it takes billions and billions to move the market i have to laugh. NOT true!

Ask darkstar about this (re: stop hunting)


now, the main idea behind this procedure is to have a setup that most traders will agree is low risk and high probability (eg: trend line bounce).

then, we gang the market putting in our market orders (not limit order as limit orders will not move the market like how we want it).

these orders could spark a movement of about 10 or so pips, which would be enough for the herd to follow since it would be a logical setup, i.e trendline bounce, fibo retracement bounce, and especially support and resistance.

believe me, the market is easier to move if done in thin volume market hours.

so the idea in summary is to discuss a possible setup, prepare to gang trade it at a certain 'thin' hour, then send out an alert exactly when the trade will be taken.

think about the possiblities, the same effect as news trades
  • #14
  • May 31, 2007 10:34am May 31, 2007 10:34am
Quoting superdezign
I dont think it will work... not trying to be the guy who poops in the punchbowl but most of our orders do not even make it to the real market because we only control an insignificant amount of captial
And this is a remarkable note,,, mostly all the mini accounts are not executed, ther are only a virtual trades, sure not all MM are the same, but most of them,,
Even I've doubts on the regular Accounts (The 100k and less accounts).
Thank you for being so much FRANK..
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #15
  • May 31, 2007 10:37am May 31, 2007 10:37am
oh darn, i forgot you guys are not on ECN.

phew...there goes another bummer.

but still,

look @ this statement joe ross made

joeross



 ian: it's like this; Picture it if you will: Let's say a market mover wants to take prices higher. Prices have been falling and he sees they are now at the 50% retracement. The market mover will wait to see if Fib buying comes into the market. If it does, he will begin to buy as well to take prices higher. He gets help from the action of the Fib traders.

This was my original idea, so maybe there is still some hope after all. Let me hear what u guys think
100% of traders are losers. Just that some win more than they lose!
  • #16
  • May 31, 2007 10:38am May 31, 2007 10:38am
Quoting abulsaid
Allow me to say that you are wrong,,, i think when some traders want to create a trade union, they want that union because they are in a wrong lousy trades or they want to go against the trend,, from her i say that you needs trillions and trillions of USDs to move the market against the trend...
now if you don't want to move against the trend you don't need a gang,, just you need to enter a trade on the best time,,,

And don't tell me that there are periods we had a lack of trend... no that's not right... every time we have a trend,, but the strength of the trend is the issue..

and an idea of gang will never success since we don't physically meet each other,, don't forget the psycology effects and many other effects,,,

Really i think the gang idea is not profitable and it doesn't make any sense...

Good Trading to All.....
where in my post i said anything about going AGAINST the trend?



ps. hedge funds in the spot forex sometimes follows each other's trades.
100% of traders are losers. Just that some win more than they lose!
  • #17
  • May 31, 2007 10:44am May 31, 2007 10:44am
Quoting Mr demark
oh darn, i forgot you guys are not on ECN.

phew...there goes another bummer.

but still,

look @ this statement joe ross made

joeross



ian: it's like this; Picture it if you will: Let's say a market mover wants to take prices higher. Prices have been falling and he sees they are now at the 50% retracement. The market mover will wait to see if Fib buying comes into the market. If it does, he will begin to buy as well to take prices higher. He gets help from the action of the Fib traders.

This was my original idea, so maybe there is still some hope after all. Let me hear what u guys think
Com'n man,, a market mover is as giant as a whale, i mean that if we are 600 traders, how many do you think will enter in a trade that might not be applicable with his system, then what is the total amount of the trades how many lots, don't forget there are a lot of newbies with a mini accounts,,,

the whole idea that i don't think any gang or union could be made online,, i mean you needs Attornies and contracts to ensure that every one in the union will enter as the signal says....
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #18
  • May 31, 2007 10:45am May 31, 2007 10:45am
Aren't we all trading in a gang anyway???

Using the same pivot points, trendlines, fibonaci retracements, etc.

So, no, I don't think this will work.
If it's too good to be true, it probably is.
  • #19
  • May 31, 2007 10:46am May 31, 2007 10:46am
Quoting Mr demark
where in my post i said anything about going AGAINST the trend?



ps. hedge funds in the spot forex sometimes follows each other's trades.
i mean why entering a gang when we don't want the pair to retrace or if we don't want to revise the trend... just enter the trade on the best time...
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #20
  • May 31, 2007 10:48am May 31, 2007 10:48am
Quoting SimonK
Aren't we all trading in a gang anyway???

Using the same pivot points, trendlines, fibonaci retracements, etc.

So, no, I don't think this will work.
and this is other point here,,, almost all of us trading fibos and trends,,,, and we S\L many times and T\P other many times...
thanks for sharing thoughts..
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
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