Ha-pattern is awesome.
Railway tracks and other reversal and continuation patterns 130 replies
Trading systems - Never pay for one! 19 replies
What is that one forex secret you are holding back from the public??? 51 replies
CHF, EUR and GBP Calendar Trading Patterns 0 replies
two version of FF tunnel Chart, one say down, one say up, which one is correct? 3 replies
DislikedNo such thing as order in forex.
Actually, "the forex order" doesn't sound like a bad name for a scamming forex EA, lol!Ignored
DislikedExcellent OP esuffw. Lot of sensible advice there however I take an exception your advice of a small stop loss.
As newcomer to trading, I find that a lot of time I miss the optimal entry point for a trade and therefore if my stop loss is small (4 - 10 pips) then just the inherent volatility of the forex markets defeats me.Ignored
DislikedSeems like nobody has taken up the task. Anyway, some tips to get the lazy brains started:
BLOCK ORDER really is the best name for what it is. Here is why
BLOCK ORDERS BLOCKS PRICES, AND GIVES A ORDERED MARKET.
Do you see the connection???? No???Ignored
Dislikedthere are patterns which repeat...but you shouldn't enter each time it appears...
one of them has been discussed in this forum's trading systems section...unfortunately, they were not using proper filters and finally concluded that it is not a reliable pattern...but they are wrong..Ignored
DislikedHey Eurotrash
Do you know S and R's are block orders??
Breakouts can either be: Removed block or consumed block
Dont forget, price is a mere shift of the bid and ask range.
Hope it helpsIgnored
DislikedHey Eurotrash
Do you know S and R's are block orders??
Breakouts can either be: Removed block or consumed block
Dont forget, price is a mere shift of the bid and ask range.
Hope it helpsIgnored
DislikedIve had second thoughts about this.The market maker(large bank?)has a large buy order on its books.The market is in a long downward trend.The market maker cant just go to market with this order just incase price starts heading north leaving them holding the baby so to speak.So they divide the order into smaller block orders.They place their first order at price A.The price comes down to this point where it bounces off this price area.The sell orders abbsorbing their block order.The selling pressure is still strong though so price breaks through...Ignored
DislikedDemoForever..you might ever seen in this forum a picture of a huge room in the UBS Bank, where there is hundreds of FX acct executives filled in that room. Each this bank desk trader handling 10-20 client traders like us, and they separate each client trader like us by the type of currency that we are trading whether we buy or sell.
The bank/big broker computer will tallies for each pair of currency and also the number of client traders trading as well, as well as type of trade that we execute be it selling or buying. For any that we're selling...Ignored
DislikedFor arguements sake we are clients at the same bank.We are both trading the same currency.The trend is down all indicators,chart patterns are telling us to sell.The bank then recieves a very large buy order that would take out all the sellers at our bank and still leave most of the order on their books.If you were privy to this information would you still want to sell this currency?I dont know anything for sure i am just thinking out loud,but if we knew how price reacts when these large orders hit the market wouldnt this give us an edge?Ignored
DislikedWhat we can expect is just like surfing, you wait patiently for the wave and wind and be prepare with good surfing gears. When the huge wave come (central bank intervention) then you get the edge in the direction of wave that you must surf and not against.Ignored