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  • #590,661
  • Feb 1, 2012 8:17am Feb 1, 2012 8:17am
Cheap long below 1,3150 for a move back to the top.
If we go back to the top i'll look at the PA up there and probably close it.

I don't like that kind of swings
COT: The precious data ignored
  • #590,662
  • Feb 1, 2012 8:21am Feb 1, 2012 8:21am
Quoting halkins
That's how it is...
Also price goes against you as "big boys" like banks or hedge funds never trade spots. They place REAL MONEY orders much above or below the market spot price, so they makes the market go to their required price, trigger, execute the order and then price goes exactly where they wanted... but those are huuuge money.
Another misconception. Price doesn't go against you. Savvy retail traders can simply go where the banks go. The forex market practices by the "big boys" haven't changed much over the years, after all, the Forex market is over 30 years old. The "big boys" have enjoyed the goodness of forex in 1980, and will continue to do so whether there are retail traders or not.
So don't act like as if the whole market is out to get you, why not harness the knowledge of how the big boys operate to guide your trading decision.
  • #590,663
  • Feb 1, 2012 8:21am Feb 1, 2012 8:21am
Quoting Piptaker
... When a small trader places his trade with his broker, his broker has two options. The broker takes the trade against you or offsets the trades with equal number of other retail trades (his ideal situation) OR if the trades come in all short or long and not being equal then broker has no choice but go into the market and purchase a hedge in the opposite direction as the retail traders. ...
I can't see how that could be true. If the sum of all retail trades is a short (long), then the broker must hedge with a short (long) in the market. Otherwise it's not a hedge but a gamble on winning or losing double the amount!
  • #590,664
  • Feb 1, 2012 8:27am Feb 1, 2012 8:27am
Quoting halkins
That's how it is...
Also price goes against you as "big boys" like banks or hedge funds never trade spots. They place REAL MONEY orders much above or below the market spot price, so they makes the market go to their required price, trigger, execute the order and then price goes exactly where they wanted... but those are huuuge money.


Hedge funds can't move the market unless they all "gang up" or Interbank liquidity is very low, major banks, governments and their central banks can and do by bidding or asking between each other at rates way above or below current spot exchange rate.

Retail brokers with no dealing desks don't need to do anything, apart from earning heaps from spreads or commissions, there's an endless supply of little deposits from stubbornly losing traders.
Don't get mad, get even!
  • #590,665
  • Feb 1, 2012 8:29am Feb 1, 2012 8:29am
Fundamental makes the trade difficult
Any break will greatly appreciated
You cannot learn better without losing
  • #590,666
  • Feb 1, 2012 8:32am Feb 1, 2012 8:32am
Quoting stulic
Actually 3150 could prove a nice long entry.
u have right i take my 15 pips and w8 for 320/319
  • #590,667
  • Feb 1, 2012 8:33am Feb 1, 2012 8:33am
Quoting stulic


Hedge funds can't move the market unless they all "gang up" or Interbank liquidity is very low, major banks, governments and their central banks can and do by bidding or asking between each other at rates way above or below current spot exchange rate.

Retail brokers with no dealing desks don't need to do anything, apart from earning heaps from spreads or commissions, there's an endless supply of little deposits from stubbornly losing traders.
I've been asking my broker how much money I need to "move the market" on some low liquidity fx pairs and they told me it's roughly about 50M on EURPLN for instance, but it has to be a "real money" order, nothing like some leverage sht order.
But don't worry guys... I am not going to move EURUSD, ha ha
Read Charts - Not Papers
  • #590,668
  • Feb 1, 2012 8:38am Feb 1, 2012 8:38am
It go fill gap on USDX at 78.82-78.83. Lets see. Testing high.
  • #590,669
  • Feb 1, 2012 8:41am Feb 1, 2012 8:41am
the trap....
  • #590,670
  • Feb 1, 2012 8:41am Feb 1, 2012 8:41am
How about going long now? Maybe targeting previous high?
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  • #590,671
  • Feb 1, 2012 8:42am Feb 1, 2012 8:42am
Quoting kuroro001
Cheap long below 1,3150 for a move back to the top.
If we go back to the top i'll look at the PA up there and probably close it.

I don't like that kind of swings

Me neither. I missed this move to the upside but if PA can't make any new highs above the 1.3200 or 1.3220, we are soon to see a bounce back to lower registers... IMHO.
  • #590,672
  • Feb 1, 2012 8:45am Feb 1, 2012 8:45am
nice feint.
  • #590,673
  • Feb 1, 2012 8:47am Feb 1, 2012 8:47am
"Fitch's Riley says Greece will default" ...cool inf..heh
  • #590,674
  • Feb 1, 2012 8:51am Feb 1, 2012 8:51am
Quoting Inphi
Another misconception. Price doesn't go against you. Savvy retail traders can simply go where the banks go. The forex market practices by the "big boys" haven't changed much over the years, after all, the Forex market is over 30 years old. The "big boys" have enjoyed the goodness of forex in 1980, and will continue to do so whether there are retail traders or not.
So don't act like as if the whole market is out to get you, why not harness the knowledge of how the big boys operate to guide your trading decision.
Both are still valid. ^^ the bigger the better
  • #590,675
  • Feb 1, 2012 8:54am Feb 1, 2012 8:54am
Quoting halkins
I've been asking my broker how much money I need to "move the market" on some low liquidity fx pairs and they told me it's roughly about 50M on EURPLN for instance, but it has to be a "real money" order, nothing like some leverage sht order.
But don't worry guys... I am not going to move EURUSD, ha ha
Whats the difference between using real money and leverage money?
when applied, won't they both be the same amount still?
  • #590,676
  • Feb 1, 2012 8:55am Feb 1, 2012 8:55am
Shorted , last hight sl , 305 tp
  • #590,677
  • Feb 1, 2012 8:57am Feb 1, 2012 8:57am
Quoting halkins
I've been asking my broker how much money I need to "move the market" on some low liquidity fx pairs and they told me it's roughly about 50M on EURPLN for instance, but it has to be a "real money" order, nothing like some leverage sht order.
But don't worry guys... I am not going to move EURUSD, ha ha
To move the exchange rate of EUR/PLN up, you would have to first have enough real cash as you say, in Euros at that, then make an offer to an available seller, a bank willing to sell you Złoty at the rate you bid.

If that transaction is bigger then at least 50% of all other EUR/PLN transactions carried out in that moment, you would successfully move the market up for that particular pair.

Big banks do that all the time by bidding or asking at prices above or below the current exchange rate, and in order for them to profit from it, they do it in chunks, bid millions at a price above a certain level, push the price up then wait for others to jump on the bandwagon, then bid another chunk above previous high and do that for as long there are others willing to accept or are asking for it.

Don't be fooled that the big banks aren't trying to play tricks on each other with fakes and fades all the time, after all this is how they make money and it hasn't changed ever since Forex started. We are totally insignificant and the few ones who can master to follow the big money, can stay profitable in the long run.
Don't get mad, get even!
  • #590,678
  • Feb 1, 2012 8:57am Feb 1, 2012 8:57am
Quoting Gdragon
Whats the difference between using real money and leverage money?
when applied, won't they both be the same amount still?
Leverage money isn't real... it kinda FX CFD, "contract for difference"
This is why I buy or sell $100.000 or $1.000.000 even I don't have them in my pocket...
Neither does my broker ;-)
Read Charts - Not Papers
  • #590,679
  • Feb 1, 2012 8:57am Feb 1, 2012 8:57am
Quoting Retek
Me neither. I missed this move to the upside but if PA can't make any new highs above the 1.3200 or 1.3220, we are soon to see a bounce back to lower registers... IMHO.
Yes if we can't clear the highs...it's likely to head to new lows again
COT: The precious data ignored
  • #590,680
  • Feb 1, 2012 8:58am Feb 1, 2012 8:58am
Anything over 57 and we go down.
Please do not vouch for me.
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