The Really Useless Thread

Still waiting on that one, though.

Goldman Sachs

Where'd you learn to use that punctuation so sweet, mister?

I kid...I kid.

At least you said hello.

You've been missed. We DO love you!

sisse + gator == Holy-feckin-CE's-wet dream!!!



joke-joke...fun-fun

Now I know where the name came from , I love it. It is really useless

So GS head-hunts CEs?

Rockerzeus nailed it like a champ!

He actually IS a bit of a BOSS! Well played RZ!

I'm guessing...

You like drums...potential faves are Animal...and Keith Moon?

If not...look them up...check avatar...and meaning of Useless.

2 words!

Rick Motherfuckin Allen!!

Tickets to lepp next week, my boys are taking me to the show!!

I'd say it's the other way around, Engineers head hunt GS, or any financial institution. Obviously lawyers as well.

Info is from many books and a few convos with a partner-friend.

I'm serious, I'll open a small account for them to pick directions as soon as they can actually say the words UP, DOWN. If it works, it would be safe money for later.
If it doesn't, I'll make sure they learn trading properly from early ages, by finding some good paid trader to tutor them

Why not you just tutor the children yourself?

I said I want my next tranche bitchzzz...I need one this big!

Nice article, even if only for the pictures...: http://www.telegraph.co.uk/finance/e...hyxiation.html

perhaps some support in the EUR at 1.0705 today...

I think london will take it to x.086x

I am not sure about that for this session. 1.082x is wide open for a test since the roll but the real deal for the weekly close comes with key news later in NY.

1.080x only level to track for the european morning session. Expecting a very choppy range if we can't take the highs in the opening range ...

sisse

This might a very long comment but it holds lots of questions in my mind and any help and response would be much appreciated.

I'm more interested in the hecking structure of the market at the moment.

SO, one of the first principles (rules) I learned in trading is that market makers never use market instant execution, but always pending orders.
Looking at charts for almost 6 months now, I can't agree to that. Sometimes it happens when we see a pin bar and only at the top or bottom of a move. When it happen in a range, I can't think of it as smart money having pending orders waiting as set and go.

And what actually makes me more determined that they don't use pending orders, most of the really long candles tend to start (open) from within a range and not from swings highs and lows.

This started to get clearer to me as to why all that chaos is happening since last week when I read something about supply and demand. How the market is ruled by them. And that there are zones on the chart where experienced traders can spot them (not that I'm experienced with only 6 months of trading, but I actually started to spot them).

This, to me anyway, means two things:

- Professional traders are different from the market makers. This might sound normal to you guys but to me it's a discovery .

- To differentiate between the two types of traders, and for the hope of putting myself on the right boat, it makes sense to me that professionals always use pending orders, while market makers, being the smart side, they use market instant execution most of the time in areas of uncertainty (which, I think, is the visual by the so called equilibrium and the imbalance between supply and demand).

Markets and Charts started to look as very structured to me. However, I'm far from comprehending the forces and mechanism behind that structure, bloody one.

The thing is I can't accept what I constantly hearing and reading that the market makers are hunting our (regular traders) stops as a fact. The only possible way to accept it is by accepting two things as facts:

- First, the market makers work and collaborate together in harmony and they plan everything ahead and together. No secrets. Everything is open and accessible to all and every single one of them.

- The money exchanged in the market by the herd (me and those alike) are equal the the money exchanged by them.

Both can't agreed on because, first, the money of the herd collected together may or may not equal a market maker's account. Second and based on the latter, there's no sense in hunting our stops by all the market makers, they can't make money this way. Sure they want to take us out in every possible way, but we are shrimps, and not even small fish. They run after each others' stops. If the forex average daily volume is about 6 trillion, there's no way we accumulated can constitute even 10% or so, and even if we can reach 20%, they can't make money from us, for if I properly understand the equation of for every lost penny there's a won penny on the other side.

Having said that, there must be a way to understand the structure of the market in a way that makes full sense to those market makers so they don't do the same thing that we (me and those alike, aka the herd) always do, gamble or react to the charts moving and hope for some luck.

I know it's long, but I'm so determined to unlock this puzzle. I'm struggling guys Not because I'm profiting or loosing, but I'm really desperate to understand.

If this doesn't make sense or it's not that significant to you guys, ignore it, but please let me know that it's insignificant, before I go mad while thinking .

Andrew

I 110% agree to your valuable thoughts but i think it will clear its path after testing the .082x for a good run till .086x

even i dont know which session it will be done i am almost have a good feeling that it will be today itself ....

could any 1 please explain me who the hell are the market makers .... big boys ..... professional traders

please explain me in your own words ... dont just put any links ..... of wiki or via google ....

IMF meeting this weekend with a Draghi speech as well, could be some risky to stay in position over the weekend