Trading EURUSD only | Page 908 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Trading EURUSD Only EA - Back Test & Improvements 30 replies

Attachments: Trading EURUSD only
Exit Attachments

Trading EURUSD only

  • #18,141
  • Nov 26, 2012 1:39pm Nov 26, 2012 1:39pm
100M makes maybe some ticks May be
in the depth of EURUSD

Quoting glennl2000
A trading desk may need to buy/sell 100M at once to hedge risk and they absolutely do that. That will move the market.
  • #18,142
  • Nov 26, 2012 1:40pm Nov 26, 2012 1:40pm
& those huge values in general diveded into portions
or it creates it is own slippage against it self
Quoting stevewalker
100M makes maybe some ticks May be
in the depth of EURUSD
  • #18,143
  • Nov 26, 2012 1:42pm Nov 26, 2012 1:42pm
Wouldn't it be way more than a few ticks? That size would be picked up on by algos and others and start a small avalanche I would think.


Quoting stevewalker
100M makes maybe some ticks May be
in the depth of EURUSD
  • #18,144
  • Nov 26, 2012 1:43pm Nov 26, 2012 1:43pm
Quoting stevewalker
UP!?
not good for me he he
no would go up if it expands, it didnt, just touched and got sold off

just touched the bottom M5 now and bounced (2960)

the range is 5 pips.

BB will expand soon... dono which way... neither does the market apparently
Be hopeful in a winning position, and fearful in a losing position.
  • #18,145
  • Nov 26, 2012 1:44pm Nov 26, 2012 1:44pm
They actually don't always do that! I use to work for a guy who ran fixed income at barclays capital, and he moved over to run the FX desk. He used to hit the market for 100M if his risk was out of whack and he didn't care - most important is getting risk neutral. Not trying to come off like a know it all, because so far I'm not a good trader at all, but I can only tell you what he has told me.

Quoting stevewalker
& those huge values in general diveded into portions
or it creates it is own slippage against it self
  • #18,146
  • Nov 26, 2012 1:46pm Nov 26, 2012 1:46pm
when you enter a huge trade there is always a reverse for it.
or how MKT be stable.
yes sounds weird but it works that way.
when US is in rain Germany in sunshine.
there is no same weather conditions all over the wrold
same for FX
when US selling Germany buying or reverse you can change the players
the Q is how this equlibrum change in a second & it looses the equlibrum??

Quoting glennl2000
Wouldn't it be way more than a few ticks? That size would be picked up on by algos and others and start a small avalanche I would think.
  • #18,147
  • Nov 26, 2012 1:47pm Nov 26, 2012 1:47pm
Quoting glennl2000
A trading desk may need to buy/sell 100M at once to hedge risk and they absolutely do that. That will move the market.
1000 lots (100mil) moves the market 1-2 pips depending on liquidity
Be hopeful in a winning position, and fearful in a losing position.
  • #18,148
  • Nov 26, 2012 1:49pm Nov 26, 2012 1:49pm
he may do that I am sure he is better then us
but it creates it is onw sliappge
but if he is doing it for hedge that make sense he is not aiming profit only hedging the risk



& those huge values in general diveded into portions
or it creates it is own slippage against it self
Quoting glennl2000
They actually don't always do that! I use to work for a guy who ran fixed income at barclays capital, and he moved over to run the FX desk. He used to hit the market for 100M if his risk was out of whack and he didn't care - most important is getting risk neutral. Not trying to come off like a know it all, because so far I'm not a good trader at all, but I can only tell you what he has told me.
  • #18,149
  • Nov 26, 2012 1:50pm Nov 26, 2012 1:50pm
You might be right. The way he said it, it sounded like he had caused large moves. I would think others would jump in and cause it to drop more but anything is possible.

Quoting Rag2RichesFX
1000 lots (100mil) moves the market 1-2 pips depending on liquidity
  • #18,150
  • Nov 26, 2012 1:50pm Nov 26, 2012 1:50pm
@ asian sessin it may some ticks
bro s USD & EURO are th most used currecncy on the universe 8 as far as we know )
how can you move it with 100M
if you are talking $1 billion then we can talk

Quoting Rag2RichesFX
1000 lots (100mil) moves the market 1-2 pips depending on liquidity
  • #18,151
  • Nov 26, 2012 1:52pm Nov 26, 2012 1:52pm
No he's no better than anyone. He just tries to balance the desk. When he needs to hedge like that he doesn't care about the price. But yes in general you will be killing yourself with a huge order like that.

Quoting stevewalker
he may do that I am sure he is better then us
but it creates it is onw sliappge
but if he is doing it for hedge that make sense he is not aiming profit only hedging the risk



& those huge values in general diveded into portions
or it creates it is own slippage against it self
  • #18,152
  • Nov 26, 2012 1:52pm Nov 26, 2012 1:52pm
Quoting aerotrade
Small forcast for next week

The week will be dominated by the greek deal a positive outcome have been already priced in meaning if the greek deal come true it will have no major impact , daily chart and H4 of the EurUsd show a rounding bottom , on M15 M30 H1 an ascending broadening wedge is visible even if the upside had been a bit violated during late US Friday session that pattern call for a 1.2822 target that bearish scenario for monday is confirmed by a D1 RSI 2 period over 90 that tell us the very high probability for the Monday daily...
seems that my initial forecast was quite good ,the market seems to have to pull itself together after that crazy Friday move
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #18,153
  • Nov 26, 2012 1:53pm Nov 26, 2012 1:53pm
think that way only US debt
only
only
is 15,000,000,000,000 $
think the rest of the volume

Quoting stevewalker
@ asian sessin it may some ticks
bro s USD & EURO are th most used currecncy on the universe 8 as far as we know )
how can you move it with 100M
if you are talking $1 billion then we can talk
  • #18,154
  • Nov 26, 2012 1:55pm Nov 26, 2012 1:55pm
yes he is reverse trading against his clients
usual DD action
he has to do that or he will die in a minute

I am talking normal trading action.

Quoting glennl2000
No he's no better than anyone. He just tries to balance the desk. When he needs to hedge like that he doesn't care about the price. But yes in general you will be killing yourself with a huge order like that.
  • #18,155
  • Nov 26, 2012 1:56pm Nov 26, 2012 1:56pm
Quoting glennl2000
You might be right. The way he said it, it sounded like he had caused large moves. I would think others would jump in and cause it to drop more but anything is possible.
well its possible for them to not get any slippage at all.

they just have to enter when another big player closes

however 1-2 pip slippage is nothing when trading the larger moves.

ive seen 30 pips in 5 seconds before. hell im sure you remember the end of Q2 2012, when EUR rumor caused 250 pip spike.

i think when that happens, its a trigger of stops going off from everyone, who placed them in expectation of an announcement going a certain way



its crazy to think that with $1mil in deposit you can enter $100mil

crazy, but if i won the lottery, i would definitely take 1mil of it and try.

then the other millions i would trade at 1:1 leverage



i digress

still 5 pip range.
Attached Image (click to enlarge)
Click to Enlarge Name: quicksave4.jpg Size: 274 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #18,156
  • Nov 26, 2012 1:56pm Nov 26, 2012 1:56pm
Quoting Rag2RichesFX
1000 lots (100mil) moves the market 1-2 pips depending on liquidity
1000 lots are never opened with a MKT order it s executed at a defined price and do not move the mkt but retain it at the particular lvl like when you place an order inside the spread you had liquidity to that level the price will oscillate around it to absorb the order , imbalance create the volatility MKT order ans stop order move the MKT

take buying climax and selling climax as example generally the price need to retrace into it before to continue the move that s also why it s interesting reversal point for top and bottom picker
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #18,157
  • Nov 26, 2012 2:00pm Nov 26, 2012 2:00pm
Quoting stevewalker
@ asian sessin it may some ticks
bro s USD & EURO are th most used currecncy on the universe 8 as far as we know )
how can you move it with 100M
if you are talking $1 billion then we can talk

yes maybe takes 200 million during peak hours

but seriously, if you look at every tick of the market, and if every 1 pip = $200million, it FAR exceeds 1.5 trillion a day.

i think the market changes at least 2000 pips a day (counting every tick).

lets say there is only 1000 pips of ticks per day. at $200million in orders thats 20 trillion a day..

even if it only ticks 100 pips, which we know it does much more, tthats 2 trillion a day



so im pretty sure its more like $50-$100 million, at least it is at my broker, 500 lots is about 1 pip, and some of the deepest liquidity out of any broker (20 tier 1 banks, spread is 0.0-0.2 + 0.7 pip commission. so raw entry fee is 0.7-0.9, and you can get your raw fee down to 0.3-0.5 if you are making them 10s of thousands in commissions per month)
Be hopeful in a winning position, and fearful in a losing position.
  • #18,158
  • Nov 26, 2012 2:03pm Nov 26, 2012 2:03pm

a technical explanation of what I am saying
I asked you before if you are economist
Quoting aerotrade
1000 lots are never opened with a MKT order it s executed at a defined price and do not move the mkt but retain it at the particular lvl like when you place an order inside the spread you had liquidity to that level the price will oscillate around it to absorb the order , imbalance create the volatility MKT order ans stop order move the MKT

take buying climax and selling climax as example generally the price need to retrace into it before to continue the move that s also why it s interesting reversal point for top and bottom picker
  • #18,159
  • Nov 26, 2012 2:06pm Nov 26, 2012 2:06pm
the head of FX at barclays capital, who is now at Morgan stanley, told me he does at times hit the market for 100M when his risk is out of balance. I said "all at once?" he said, "yes". Sounds like a market order to me, because what's the difference of entering 100M limit or market, really, especially when you don't care about the price.

Quoting aerotrade
1000 lots are never opened with a MKT order it s executed at a defined price and do not move the mkt but retain it at the particular lvl like when you place an order inside the spread you had liquidity to that level the price will oscillate around it to absorb the order , imbalance create the volatility MKT order ans stop order move the MKT

take buying climax and selling climax as example generally the price need to retrace into it before to continue the move that s also why it s interesting reversal point for top and bottom picker
  • #18,160
  • Nov 26, 2012 2:07pm Nov 26, 2012 2:07pm
bro
when you open a hige long there is an opposite huge short.
MKT balance it self.
aerotrade explained it much more better then me.

it is not like glass of water that you can add more
it more like "combined vessels"
Quoting Rag2RichesFX
yes maybe takes 200 million during peak hours

but seriously, if you look at every tick of the market, and if every 1 pip = $200million, it FAR exceeds 1.5 trillion a day.

i think the market changes at least 2000 pips a day (counting every tick).

lets say there is only 1000 pips of ticks per day. at $200million in orders thats 20 trillion a day..



so im pretty sure its more like $50-$100 million, at least it is at my broker, 500 lots is about 1 pip, and some of the deepest liquidity out of any broker (20 tier 1 banks, spread is 0.0-0.2...
6 traders viewing now