How banks push price against you? | Forex Factory

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How banks push price against you?

  • #1
  • First Post: Jan 12, 2014 1:51am Jan 12, 2014 1:51am
Call me nuts but this is what really happens: FX dealers have ALL your information, regarding average position size, price entry and SL levels. This information is given to the liquidity providers (Deutsche Bank, JPM and so on) and they can easily push the price until you all get stopped out.
If you have traded FX for some years I don't think this information is too surprising for you.
Price goes in the direction where it can cause maximal pain.
(Let me add, this is not true for all the markets for eg. bond market but FX because here are the most small fish.)

Just think about it. All the banks have "perfect knowledge" of the markets, meaning they have all the information available about them. They all know EXACTLY what is the fundamental story, how they should be positioned, how the technical picture looks, so where they should add positions to their long-term trades (remember, they cannot trade short term profitably due to their size unless there is someone to SKIN) so my point is, there is not much room to compete against each other in the mid-term, they rather keep long term trades AND f*** all the small traders in the short run. This is how they make money.

If you have more insight on this topic please don't hesitate to share this knowledge!

With regards:

Yuri57
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #2
  • Jan 12, 2014 1:57am Jan 12, 2014 1:57am
Stop looking at what others are doing (no matter how big they are) and concentrate on your own trading.

That's entirely the trader's fault if he is losing money. Not the broker fault, not the bank fault, ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Jan 12, 2014 2:18am Jan 12, 2014 2:18am
Quoting Yuri57
Call me nuts but this is what really happens: FX dealers have ALL your information, regarding average position size, price entry and SL levels. This information is given to the liquidity providers (Deutsche Bank, JPM and so on) and they can easily push the price until you all get stopped out. If you have traded FX for some years I don't think this information is too surprising for you. Price goes in the direction where it can cause maximal pain. (Let me add, this is not true for all the markets for eg. bond market but FX because here are the most...
You may 'just think about it' for eternity but these are only your assumptions which are based on your lack of effort to study markets and are made in order to justify your inability to make money. They don't cost a penny.

If you had evidence regarding banks wiping out traders - you'd already put it in your first post. You didn't, thus, you don't have it, anyway simply can't - that means... what you said is bullshit!

Point is: this forum already has enough of this kinda crap and if you wanna impress somebody with this - I doubt you'll succeed. However, I'm sure you'll find some like-minded muppets who's indeed 'nuts'...
The single most important factor is having control of your own life.
  • #4
  • Jan 12, 2014 2:27am Jan 12, 2014 2:27am
lol, I'm not here to impress anyone or to convince you (I don't care what you think), I'm only looking for people who have even more insight on the subject.

And noone said you cannot win daytrading FX if you think like the banks do ;-)

ps.: they move the market, not the crowd. They have 0 impact. They are just sitting ducks. Pure target-practice.
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #5
  • Jan 12, 2014 2:39am Jan 12, 2014 2:39am
Quoting Yuri57
I'm only looking for people who have even more insight on the subject
You said that only in the last sentence. All the post consists of claims which are based on nothing.

Quoting Yuri57
And noone said you cannot win daytrading FX if you think like the banks do ;-)
And I'm sorry you did said that
Quoting Yuri57
easily push the price until you all get stopped out.
If everybody gets stopped that means nobody wins.

Anyway, I don't give a damn to how banks think and many others don't too - go prove they can't get money.
Quoting Yuri57
(I don't care what you think)
Strangely enough - we have some in common!
The single most important factor is having control of your own life.
  • #6
  • Jan 12, 2014 2:43am Jan 12, 2014 2:43am
I will skip to comment on trolls, everyone else is welcome.
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #7
  • Jan 12, 2014 2:45am Jan 12, 2014 2:45am
The banks have all the info about the order flows.The only thing bank traders care are their bonuses. They use the info about the orders not to do harm to the other traders, but just to make money. Stop gunning (hunting) is done for two main reasons: to make quick bucks or to find liquidity. Thta's in general.
  • #8
  • Jan 12, 2014 3:12am Jan 12, 2014 3:12am
ALL markets are manipulated by market makers. They don't need all the information you are referring to to take stops... In day trading, you can look at a short term chart and see where all the "small fish" (US) have their stops, and you can see when the big money starts to trigger the stops what happens.

Take a look at the screen shot... Big Money wins... retailers lose! The good news is, if we understand what they are doing, we can trade with them... I know thats what I try to do!
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  • #9
  • Jan 12, 2014 3:41am Jan 12, 2014 3:41am
Quoting Yuri57
Call me nuts but this is what really happens: FX dealers have ALL your information, regarding average position size, price entry and SL levels. This information is given to the liquidity providers (Deutsche Bank, JPM and so on) and they can easily push the price until you all get stopped out. If you have traded FX for some years I don't think this information is too surprising for you. Price goes in the direction where it can cause maximal pain. (Let me add, this is not true for all the markets for eg. bond market but FX because here are the most...
I think your post make sense, they will make money on most of the retailers because they are easy to blind for various reason that I am not going to list here….but there is hope…. Market movers with their orders or with their willingness to make more will move money from one level to another. Are you able to get in and out between those move? If you do, you would not care what they do...
Wherever you go, there you are.
  • #10
  • Jan 12, 2014 3:49am Jan 12, 2014 3:49am
Quoting techfan1128
ALL markets are manipulated by market makers. They don't need all the information you are referring to to take stops... In day trading, you can look at a short term chart and see where all the "small fish" (US) have their stops, and you can see when the big money starts to trigger the stops what happens. Take a look at the screen shot... Big Money wins... retailers lose! The good news is, if we understand what they are doing, we can trade with them... I know thats what I try to do! {image}
Your right... If you can see where the big money go. You will be on the right side. Also you know banks/liquidity providers take the oppersit trade of yours and they need to make money. So what happen?
  • #11
  • Jan 12, 2014 4:19am Jan 12, 2014 4:19am
All information isnt available for big boys.Also you can buy the monthly packet some istes have all kind of information inside bank traders..Also there is free sources..Thanks Darkstar and others..
http://www.orderflowtrading.com/
  • #12
  • Jan 12, 2014 4:36am Jan 12, 2014 4:36am
nice new place to pile up the bullshit and absurd assumptions

thanks
tradewith60
  • #13
  • Jan 12, 2014 4:42am Jan 12, 2014 4:42am
Quoting FerruFx
Stop looking at what others are doing (no matter how big they are) and concentrate on your own trading. That's entirely the trader's fault if he is losing money. Not the broker fault, not the bank fault, ...
That's right. Even if the broker screws with the trader's orders (and some wild bucket shops do!) its the trader's fault. There are many brokers to choose from.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #14
  • Jan 12, 2014 4:46am Jan 12, 2014 4:46am
Quoting 60minuteman
nice new place to pile up the bullshit and absurd assumptions thanks

No problem.



So far it seems many people are not even aware of these practices (I'm not surprised) and some who do, still don't know too much.

I will wait some more until someone with more information pops-up in this thread.
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #15
  • Jan 12, 2014 4:50am Jan 12, 2014 4:50am
Quoting Yuri57
{quote} No problem. So far it seems many people are not even aware of these practices (I'm not surprised) and some who do, still don't know too much. I will wait some more until someone with more information pops-up in this thread.
Not matter if there's or not practices somewhere. The difference between a profitable and a losing trader is the trader itself. If you are not able to interpret what you see on your chart, you won't make any money from trading.
MT4/MT5 EAs/Indicators/Alerts coder
  • #16
  • Jan 12, 2014 5:01am Jan 12, 2014 5:01am
Quoting Yuri57
{quote} No problem. So far it seems many people are not even aware of these practices (I'm not surprised) and some who do, still don't know too much. I will wait some more until someone with more information pops-up in this thread.
Wow! You've just passed a general certificate of ignorance to everyone who replied here. Must be nice to be in your comfortable position of power. A position where you can construct the facts to fit your theories. A position where you have no responsibility for YOUR poor results. For your sake I hope you do not trade with the same attitude. That attitude will lose you money.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #17
  • Jan 12, 2014 5:05am Jan 12, 2014 5:05am
Quoting Yuri57
Call me nuts but this is what really happens: FX dealers have ALL your information, regarding average position size, price entry and SL levels. This information is given to the liquidity providers (Deutsche Bank, JPM and so on) and they can easily push the price until you all get stopped out. If you have traded FX for some years I don't think this information is too surprising for you. Price goes in the direction where it can cause maximal pain. (Let me add, this is not true for all the markets for eg. bond market but FX because here are the most...
That is so wrong on so many levels I don't know where to begin.
Anyhow, it does appear this way when every trade is a loser ....
  • #18
  • Jan 12, 2014 5:39am Jan 12, 2014 5:39am
Keep guesing
  • #19
  • Jan 12, 2014 6:07am Jan 12, 2014 6:07am
How many of you think the market is a place of abundance and actually make money daytrading?

/Trendfollowing is completly different on weekly charts/
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
  • #20
  • Jan 12, 2014 6:15am Jan 12, 2014 6:15am
Quoting Mingary
{quote} Anyhow, it does appear this way when every trade is a loser ....
Exactly ...
MT4/MT5 EAs/Indicators/Alerts coder
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