People don't plan to lose. They lose because they don't plan.
Cable Update (GBPUSD)
- #801,844
- Jan 11, 2024 3:49am Jan 11, 2024 3:49am
- Joined Oct 2020 | Status: Trader | 14,022 Posts
Insane in the Brain..
- #801,845
- Jan 11, 2024 3:49am Jan 11, 2024 3:49am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #801,846
- Jan 11, 2024 3:50am Jan 11, 2024 3:50am
- Joined Aug 2021 | Status: Trader | 2,507 Posts
{quote} joined the bulls not as a sycophant{image}
I have got a better price buy on the orderblock zone, so i have to close one of them, CPI ahead is not a toy 
https://breakpullback.com- #801,847
- Jan 11, 2024 3:53am Jan 11, 2024 3:53am
- Joined Aug 2022 | Status: Trader | 4,859 Posts
{quote} what moved the market a 100 years ago?
- #801,848
- Jan 11, 2024 3:53am Jan 11, 2024 3:53am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
Keep your money in you pockets guys and girls, guess who's on the prowling the thread again...
- #801,849
- Jan 11, 2024 4:05am Jan 11, 2024 4:05am
- | Commercial User | Joined Jul 2021 | 3,280 Posts
My telegram: https://t.me/avidforex
- #801,850
- Jan 11, 2024 4:30am Jan 11, 2024 4:30am
- Joined Aug 2022 | Status: Trader | 4,859 Posts
Consider the 'news process'.
For every news release:
-it takes time for the information to get published,
-it takes time for the decision makers to get access to the news data and more time to make a decision on how to respond,
-it takes time to either register an existing order or more time to create a new order,
-it takes time for the trading computers at the brokerage to process your order and more time to advise the central computers of the trading activity,
Even if all of these steps were done very quickly, price begins to react as the clock enters the second of the news release.
It simply isn't possible to 'react' to the news event as quickly as we see.
It would be possible to have orders in the system that are executed when the news is released but these orders would not be reacting to the news they would simply get executed.
Even the trading computer that is reacting to the event doesn't have time to process the information and react! It is simply moving price where the computer believes price should go.
Now consider when price moves in the opposite direction of what the data suggests. I know you have all of those who claim that the news data was already priced into the system and the market is aligning itself with the actual data release. Then you simply refer back to the original execution time presentation.
One individuals opinion.
For every news release:
-it takes time for the information to get published,
-it takes time for the decision makers to get access to the news data and more time to make a decision on how to respond,
-it takes time to either register an existing order or more time to create a new order,
-it takes time for the trading computers at the brokerage to process your order and more time to advise the central computers of the trading activity,
Even if all of these steps were done very quickly, price begins to react as the clock enters the second of the news release.
It simply isn't possible to 'react' to the news event as quickly as we see.
It would be possible to have orders in the system that are executed when the news is released but these orders would not be reacting to the news they would simply get executed.
Even the trading computer that is reacting to the event doesn't have time to process the information and react! It is simply moving price where the computer believes price should go.
Now consider when price moves in the opposite direction of what the data suggests. I know you have all of those who claim that the news data was already priced into the system and the market is aligning itself with the actual data release. Then you simply refer back to the original execution time presentation.
One individuals opinion.
- #801,851
- Jan 11, 2024 4:30am Jan 11, 2024 4:30am
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
{quote} Im in 2766 SL 80
- #801,852
- Jan 11, 2024 4:34am Jan 11, 2024 4:34am
- Joined May 2021 | Status: Trader | 7,225 Posts
{quote} im out BE...better the SL money for buying cat food
People don't plan to lose. They lose because they don't plan.
- #801,853
- Jan 11, 2024 4:40am Jan 11, 2024 4:40am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #801,854
- Jan 11, 2024 4:44am Jan 11, 2024 4:44am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #801,855
- Jan 11, 2024 4:47am Jan 11, 2024 4:47am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Got to love them 'V' shape recoveries 
Don't Leave Money on the Table
- #801,856
- Jan 11, 2024 4:47am Jan 11, 2024 4:47am
- Joined Aug 2022 | Status: Trader | 4,859 Posts
...Consider the 'news process'. For every news release: -it takes time for the information to get published, -it takes time for the decision makers to get access to the news data and more time to make a decision on how to respond, -it takes time to either register an existing order or more time to create a new order, -it takes time for the trading computers at the brokerage to process your order and more time to advise the central computers of the trading activity, What I believe is happening is the algos have a set of parameters
Edit you still need a 'trader' on the other side of the transaction to enter their preferences into the system... more time.
- #801,857
- Jan 11, 2024 4:49am Jan 11, 2024 4:49am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
{quote} 1) anyone that spreads out multiple 5-10 or more trades each time they buy or short is a prop trader... count how many lots a guys got in his screenshot if its more than a couple hes a prop trader... a real account would have to have 100's of thousands in it to trade the size some of these guys doand i dont think anyone that rich would be hanging out with our pissant selves in this room
The only difference Is about having or not own funds.
90% of traders use TA, indicators and prediction
- #801,858
- Jan 11, 2024 4:55am Jan 11, 2024 4:55am
- Joined Oct 2009 | Status: Trader | 5,639 Posts
We didn't have a drama for so long in our clinic so someone had to make up one to give some people the chance to post their life stories, again.
It has become the standard here to call someone involved in the markets for 9 years (at least) a rookie. My question to you @Advice777 is what have you been doing for this time to rely on others' opinions about the direction of the market? IMO if you knew better you would stick to what your charts are telling you. Because you don't know squat about the matters you want to become a millionaire by following others. Be the man and don't blame others for your ignorance.
It has become the standard here to call someone involved in the markets for 9 years (at least) a rookie. My question to you @Advice777 is what have you been doing for this time to rely on others' opinions about the direction of the market? IMO if you knew better you would stick to what your charts are telling you. Because you don't know squat about the matters you want to become a millionaire by following others. Be the man and don't blame others for your ignorance.
Always trade your own plan...I don't provide trading signals.
- #801,859
- Jan 11, 2024 5:03am Jan 11, 2024 5:03am
- Joined Oct 2020 | Status: Trader | 14,022 Posts
{quote} yeah, BE hit, waiting for 2820
Insane in the Brain..
- #801,860
- Jan 11, 2024 5:03am Jan 11, 2024 5:03am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes