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  • #2,841
  • Jul 18, 2010 12:33pm Jul 18, 2010 12:33pm
Quoting charvo
Tony, I don't understand why there is NOT an EA to do this? Seemingly the enter/exit logic is crystal clear for making an EA.

Please advise, and thanks in advance.
I will agree that it would be easy to make an EA from it, I personally like to trade manually since the reduction of the stop-loss from 2 to 0 is really variable... If the EA enters in the first direction of the market opening, I would have no problem with it. As long as everybody enters in the SAME direction pushing the market the same way and as long as the SL reduces gradually to 0 and stays at 0. From personal experience, even if there was an EA made, I would prefer not to use it.

Keep in mind that there is no EA since the strategy was updated only last week. Trading the Central Banks strategy was impossible before because of a lot of variables... the new concept of the updated strategy is to have an incredibly small risk and huge reward... as well as contribution to PUSH the market the same way, taking the money from all technical analyzers.
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  • #2,842
  • Jul 18, 2010 1:57pm Jul 18, 2010 1:57pm
Hi Tony,
How do you think FF users will push the market up or down when most of our brokers are market makers? In other terms, our orders have no influence at all as long as we are not dealing with ECN brokers.

Quoting Tony112
I will agree that it would be easy to make an EA from it, I personally like to trade manually since the reduction of the stop-loss from 2 to...
  • #2,843
  • Jul 18, 2010 2:11pm Jul 18, 2010 2:11pm
Quoting networker75
Hi Tony,
How do you think FF users will push the market up or down when most of our brokers are market makers? In other terms, our orders have no influence at all as long as we are not dealing with ECN brokers.
Im convinced that thousands of people following this will have an influence on the market, whether it be now or in a year. By myself and a few personal friends I have trading forex are pushing 16 000 000 combined, now you can image what will happen when hundreds will be following this forum. Let's say we will try to be the card that makes the card castle fall.
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  • #2,844
  • Jul 18, 2010 2:16pm Jul 18, 2010 2:16pm
Quoting networker75
Hi Tony,
How do you think FF users will push the market up or down when most of our brokers are market makers? In other terms, our orders have no influence at all as long as we are not dealing with ECN brokers.
A friend of mine a few days ago with IBFX when market was completely flat made a trade with 500.000 spots and PA inmediately went up 2 pips, just a coincidence?????
  • #2,845
  • Jul 18, 2010 2:17pm Jul 18, 2010 2:17pm
If someone with more experience than me could approximately tell me how many MILLIONS or BILLIONS would have to be dropped to move the EUR/USD 1 pip, I would appreciate it I'm still looking for the answer (give a quiet time when the market is not moving at all)
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  • #2,846
  • Jul 18, 2010 2:19pm Jul 18, 2010 2:19pm
Quoting Caillou
A friend of mine a few days ago with IBFX when market was completely flat made a trade with 500.000 spots and PA inmediately went up 2 pips, just a coincidence?????
that's what I'm trying to find out, I suppose it would take more but I'm convinced that we can gather masses here.... the forum will soon reach 500 000 viewers and I can back up what I say..... keep in mind that not everyone viewing this forum is a subscribed user.... a lot are just guests... peeking everyday and not even saying a word, beleive me... and we're talking about dudes with money ,... from Europe and all over the world... you would be suprised
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  • #2,847
  • Jul 18, 2010 2:46pm Jul 18, 2010 2:46pm
Interesting Caillou.
My understanding was that when u place an order with a bucket shop, the order remains in-house and is not passed to the real market...
Thx for the info

Quoting Caillou
A friend of mine a few days ago with IBFX when market was completely flat made a trade with 500.000 spots and PA inmediately went up 2 pips, just a coincidence?????
  • #2,848
  • Jul 18, 2010 2:54pm Jul 18, 2010 2:54pm
Quoting networker75
Interesting Caillou.
My understanding was that when u place an order with a bucket shop, the order remains in-house and is not passed to the real market...
Thx for the info
You´re welcome.
Ask me whatever you want to know.......
  • #2,849
  • Jul 18, 2010 3:21pm Jul 18, 2010 3:21pm
Quote
If someone with more experience than me could approximately tell me how many MILLIONS or BILLIONS would have to be dropped to move the EUR/USD 1 pip, I would appreciate it I'm still looking for the answer (give a quiet time when the market is not moving at all)

Even in very low volatility time it will be close to impossible. EUR/USD is the most liquid currency of the most liquid market of the world.

Trust me, there is no way to move a single pip on EU, too huge for retail traders.

In my opinion, enter on open UK&US direction is more risky than waiting for a big candle. Big candle = momentum, and open direction = random. You'll see after tries..
  • #2,850
  • Jul 18, 2010 3:22pm Jul 18, 2010 3:22pm
well if you wanna move the market u all gotta come together with true interbank institutional feeds. it simply doesn't matter how much you're pushing if you're going through a retail broker lol

also EU volume when in equilibrium is like 200mil of buyers and sellers i think? so gu would be a tad less? either way market makers will kill anyone they want to as they turnover billions to move the market
  • #2,851
  • Jul 18, 2010 3:53pm Jul 18, 2010 3:53pm
This thread intrigued me so much I had to make an account. I'm a live trader who just lost his full time job, so now I'm looking to make trading my bread-winner, but things haven't been going well. Overall, in a demo account I was making very very high profits, but Live, I'm having problems. This system seems very smart, simple, and low-risk which is perfect for me since I now have no income.

So what is our next move?
  • #2,852
  • Jul 18, 2010 5:15pm Jul 18, 2010 5:15pm
before I came to forex I/we couldn't move the index futures market with volume traded contracts and we are talking low volatility here even on the s+p 500 and we tried on Dax bund Russell 2000 as well as the dow jones

..the Forex market is 1000's of times larger trading trillions every day personaly I dont think there is a hope in hell of moving the market your way..

P
  • #2,853
  • Jul 18, 2010 5:54pm Jul 18, 2010 5:54pm
Quoting Walcott
Even in very low volatility time it will be close to impossible. EUR/USD is the most liquid currency of the most liquid market of the world.

Trust me, there is no way to move a single pip on EU, too huge for retail traders.

In my opinion, enter on open UK&US direction is more risky than waiting for a big candle. Big candle = momentum, and open direction = random. You'll see after tries..

that's why we use 0SL... and I am aware I won't win on every open, but my account isn't going down and the US open has taken it away dozens of times to 140 pips straight.. since the beginning of the year.. .you can go verify
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  • #2,854
  • Jul 18, 2010 5:57pm Jul 18, 2010 5:57pm
Quoting Paulus
before I came to forex I/we couldn't move the index futures market with volume traded contracts and we are talking low volatility here even on the s+p 500 and we tried on Dax bund Russell 2000 as well as the dow jones

..the Forex market is 1000's of times larger trading trillions every day personaly I dont think there is a hope in hell of moving the market your way..

P

Paulus, they are already moving it... I don't know how many times I have been taken away 140 pips to a TP straight from an opening.... only with a 1 pips SL...
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  • #2,855
  • Jul 18, 2010 5:57pm Jul 18, 2010 5:57pm
Hi there,

long time ago i posted some info in this thread.

Tony the only way you can move the market is when you have access to the real market... Basically your Broker, in your case O***A would not pass by the order to the market, but provide you liquidity, in order to give you the instant execution of max 10mio units, he would hedge your order against the real market, so basically the broker is flat against the market and have only to pay your profits.

You need Prime Brokerage connection, like Currenex or Direct Market Access... There you can see also market depth and believe me, also if you could move the market for only one pip the orderbook would eat up your order and would trade where it want to trade right now.

let me try to explain, intermarket the spread is not really constant, its a invention of brokers not of the market it self, if a banktrader from BANK XYZ would ask a banktrader from BANK NYC to give him a quote for 50 EUR (50 million Euro against Dollar) the NYC banker would quote, at the moment EUR is trading at 38 to 40 (last two digits, no pipettes) i can give you 50 EUR at 39, banktrader XYZ would have to agree... the summary the whole interbank market is an information flow trading system, the example above is a bit old, while now most would be executed via reuter ebs or something else... every bank has a battleplan, thats why we as traders have to go with a trend...

not to be rude, your thoughts are really good, and the hitrate of your system is incredible, i trade it also for myself, but not in one day it will be happen, that traders with accounts from MT4 brokers or O***A would move the market...

but you have opened a niche for many traders, also an information flow, i.e. any banktrader could se, okay london open, 500 traders trading at 35 bought EUR, possibly volume for brokers lets assume 3pips stop include spread, 3 pips *100 (because many use different brokers) so 300 pips for O***A ~size = 250.000 units = 7500 $ for the broker if he drive the price up to the stops and gun them away... most brokers, have also different prices...


banktraders do the same, thats why sometimes it looks like a support is broken, you look out of the window and look back at the screen and price forces back with a lot of speed, traders have gunned away stops, sweeping out zones where money lays...

the have many more information then us, they know which volume is traded at which price, or is waiting there... Some days trend, somedays not... who cares at this Risk reward this method goes very rock solid, with a bit brain and a bit discretion everybody could earn his bread with this method, also if he only wait to see a break of a 1 minute R/S and watch the price move he could earn his 50-100 pips each day in several trades...


hope this helps

regards
  • #2,856
  • Jul 18, 2010 6:00pm Jul 18, 2010 6:00pm
8 hours from the opening... I have never traded bigger lots since I started trading... let's we if we can at least manage to get our 0SL tonight!
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  • #2,857
  • Jul 18, 2010 6:17pm Jul 18, 2010 6:17pm
Quoting lindafx
Hi there,

long time ago i posted some info in this thread.

Tony the only way you can move the market is when you have access to the real market... Basically your Broker, in your case O***A would not pass by the order to the market, but provide you liquidity, in order to give you the instant execution of max 10mio units, he would hedge your order against the real market, so basically the broker is flat against the market and have only to pay your profits.

You need Prime Brokerage connection, like Currenex or Direct Market Access... There you...
Very professional answer I really appreciate it. Thank you for taking the time to write this... the main concept is to try to get ours stops to 0 and obtain a free trade.... now I personally believe that on market opens, a bunch of orders are simultaneously placed... whether it be from a prime connection or a broker I have noticed instant volatility from EUR and GBP at specific opening times. It's like throwing a kite... has anyone ever thrown a kite in the wind? Isn't it fun to throw it out when it's windy... it goes high very fast and you might even lose it sometimes... I personally don't know what brokers everyone is using but I am planing to switch mine, I am looking for 0.5 spread.
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  • #2,858
  • Jul 18, 2010 6:32pm Jul 18, 2010 6:32pm
Quoting Crunch
This thread intrigued me so much I had to make an account. I'm a live trader who just lost his full time job, so now I'm looking to make trading my bread-winner, but things haven't been going well. Overall, in a demo account I was making very very high profits, but Live, I'm having problems. This system seems very smart, simple, and low-risk which is perfect for me since I now have no income.

So what is our next move?
My friend stick to this thread if you have no job.
Do not ever place a trade with more than 3 pips of a stop-loss remember those words, specially if you don't have a job. Now I will suggest you something... you will have to find a stable way to get revenue... and I would suggest and hourly paid job. If you want to start trading right away as a living you will have to have at least 20K in your bank.... I was able to make a living when I wasn't touching 20K in my bank ( that I didn't have to use to feed my family). If ever you are digging into your profits and spending the money, your account will grow slowly and I'm the best example for this... If I didn't touch my profits since the time I started trading, I would be a millionaire now and this is the pure truth. Follow my examples every day while searching for somethings stable for your revenue... if you do have a stack in the bank then it's on you to manage it.. the only thing I will tell you is that it's possible to be a full time trader it's all about management, but I'm talking about very strict and organized management.
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  • #2,859
  • Jul 18, 2010 6:32pm Jul 18, 2010 6:32pm
Quoting Tony112
Very professional answer I really appreciate it. Thank you for taking the time to write this... the main concept is to try to get ours stops to...
oh thank you, the answer is not htat professional, there is a bit more behind it, and yes the market will be traded somewhere between 40-60% via algorithm, but also from humans and the algorithm are also invented by humans... thats why fibonacci works so fine sometimes... there is no hocus pocus in the market, everytime the market move where the money is, forward retrace forward retrace fail forward congestion breakout backward retrace backward retrace... there is everytime a range i have thought a bit about a concept if price returns quick why not reverse the order instead a stop out and grab 3-4 pips and get back out...

visually like this

/
B/
/ R
-----------

X

Sorry that is no work from michelangelo, i have not yet programmed my tool for o***a to execute via hotkeys so there would be only 4 keys, BUY, SELL, REVERSE, KILL ALL :-)

there are a lot of brokers, i know personally one where you can trade for 16$ per million, spreads in eur/usd are most between 0.4-0.7

O***A is good and honest broker... really, but the limit lays there at 10 mio one click execution... in currenex maybe you would be filled at

example orderbook

B 25 EUR at 2939 market

1.2939
.2 5
.3 8
.4 9
.5 5

so you would have an average price of something around 2939333333333333

i believe choice is at yours and if you execute one click 10 you only need 1 or 2 pips a day

anyway keep going straight forward i like your style and your style of commenting your trading hours ;-)

nice day, i have to pack my clothes tomorrow we fly to greece
  • #2,860
  • Jul 18, 2010 6:41pm Jul 18, 2010 6:41pm
Quoting lindafx
oh thank you, the answer is not htat professional, there is a bit more behind it, and yes the market will be traded somewhere between 40-60% via algorithm, but also from humans and the algorithm are also invented by humans... thats why fibonacci works so fine sometimes... there is no hocus pocus in the market, everytime the market move where the money is, forward retrace forward retrace fail forward congestion breakout backward retrace backward retrace... there is everytime a range i have thought a bit about a concept if price returns quick why...

lol, that made me smile... the style of commenting my winning charts... You should see what happens here LIVE, I have a whole disco room for this and if you see me acting up on an EPIC WIN you might think I'm coming straight from the psychiatric hospital for real
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