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Forex Level II (Market Depth) follow me with order book

  • #141
  • Jun 18, 2015 7:59am Jun 18, 2015 7:59am
Quoting forexpervert
{quote} No there is no valid bidders out there everyone is trying to confuse eachother, i took a short trade at 1.1413, I'm looking to see if i should add more to my short if i can get 1.1419 or 1.1420

I missed your short trade signal we should use skype... LOL
  • #142
  • Jun 18, 2015 8:00am Jun 18, 2015 8:00am
Quoting mrnicecookie
{quote} Why did u short at 1.1413? there were offers there?
yes i got lots of offers there at 1.1415 but it happened so fast by the time i wanted tomake a decision price was at 1.1413 so i had no chance of posting it.
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  • #143
  • Jun 18, 2015 8:01am Jun 18, 2015 8:01am
we will use skype, i dont even have a skype account. i will make one soon.
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  • #144
  • Jun 18, 2015 8:02am Jun 18, 2015 8:02am
Thank you very much my forex benefactor! please set it up soon and let us be in the group
  • #145
  • Jun 18, 2015 8:07am Jun 18, 2015 8:07am
uh this thing might go in a range between 1.1390 to 1.1415 area so we will see if this happens we just do that and this time we keep taking 5 pips profits at the time in the range, i love it when this happens
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  • #146
  • Jun 18, 2015 8:32am Jun 18, 2015 8:32am
Guys i be back by 11 EST i'm going to miss the news.
Talk soon.
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  • #147
  • Jun 18, 2015 8:37am Jun 18, 2015 8:37am
see what i mean just hit 1.1413 again and we go back down, getting into range bound trading.
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  • #148
  • Jun 18, 2015 8:39am Jun 18, 2015 8:39am
just before i leave I see offers around 1.1415 to 1.1420 good place to short, volume low, but if thats a valid channel then trades takes long time to profit.
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  • #149
  • Jun 18, 2015 8:42am Jun 18, 2015 8:42am
Quoting forexpervert
just before i leave I see offers around 1.1415 to 1.1420 good place to short, volume low, but if thats a valid channel then trades takes long time to profit.
Thanks mate.see you soon.
  • #150
  • Jun 18, 2015 9:12am Jun 18, 2015 9:12am
Hi Forexpervert,

I am 100% with you on your first post. I am sure there are some making small money and most lose money we all know that.
we are playing real poker ( retail traders) vs They are playing open hand poker(Institutions and big guys) and they see all our stop losses, buy limits and all our limit orders and that's the bottom line. It does not take rocket science and triple integral sin cosine equation to figure this out. They see all our hands and we are running naked in front of them while they see our every single move.

Once again thanks for informing some of these wannabes that think they can make it big using stupid systems one after the other without knowing really going on.
  • #151
  • Jun 18, 2015 9:48am Jun 18, 2015 9:48am
I'm back guys, see what did i tell you.hit my last strong offers at 1.1413 but this time 1 pip higher and dropped 22 pips.
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  • #152
  • Jun 18, 2015 10:03am Jun 18, 2015 10:03am
Quoting bodring
Hello Forexpervert. Let me express my gratitude towards your help to retails traders. I have some question would be really grateful for the answers. So when the high impact news come out are most of the orders taken away? Do you believe in manipulation by the banks to take away our money? Thanks in advance for your answer.
I really almost 100% sure they manipulate the price,in many different ways. I have been there seen it.no one talks about it.they can manipulate the price in a very short term,meaning lets say you trading news number comes out, you go long at 1.1300 at the time you go long spreads are low like 1 pip for example so quote looks like this:
Bids 1.1300 ask 1.1301. mean while always when a retail trade place order is usually market or limit orders, these are the only types of orders available to most retail traders.for this example lets say you place you stop at 1.1298.so so you at market.
what happens when you buy at market you hit the ask price and when you sell at market you hit bid price.so by just widening the spreads which they can easily do they hit your stops, but it depends on their risk.wont happen all the time but it happens often. that's why i always recommend people to use hard bid stops.
this means if you are buying at the ask and placing stop at 1.1298, if bid price reaches your stop then you are out.but using hard bid means the ask price should be at your stop for you to be taken out.
someway people combat this is just by adding spreads to their stop,but the problem is when you have floating spreads how can you accurately do that?
the key to make money is to understand what they do and mimic their trades.you don't need to be right all the time just 40% is enough with a simple money management i posted.
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  • #153
  • Jun 18, 2015 10:08am Jun 18, 2015 10:08am
Quoting Salmas
Hi Forexpervert, I am 100% with you on your first post. I am sure there are some making small money and most lose money we all know that. we are playing real poker ( retail traders) vs They are playing open hand poker(Institutions and big guys) and they see all our stop losses, buy limits and all our limit orders and that's the bottom line. It does not take rocket science and triple integral sin cosine equation to figure this out. They see all our hands and we are running naked in front of them while they see our every single move. Once again thanks...
you know what retail traders don't understand is, you shouldn't give up if you wanna play poker with them.you should get excited or scared and go all in.
if you even lose 10 times in a row getup and play again, just be consistent,eventually you catch up. there are months that I'm down 2000 pips if you want to calculate how much pips i made but my account size has grown.there are months that i'm right only 40% of times and still make money.
you know bankers and big companies they know the psychology of a retail trader with a 10k account.they know what you don't know about yourself.
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  • #154
  • Jun 18, 2015 10:08am Jun 18, 2015 10:08am
1.1418 i'm short
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  • #155
  • Jun 18, 2015 10:10am Jun 18, 2015 10:10am
i am too slow again (sigh
  • #156
  • Jun 18, 2015 10:14am Jun 18, 2015 10:14am
sorry about the last trade guys happened too fast and i got caught up answering someone i thought i posted a trade onetime,if you can get 1.1415 still looks good to go short
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  • #157
  • Jun 18, 2015 10:26am Jun 18, 2015 10:26am
one of my targets was hit only, if i get 1.1418 i go short again i lower my risk,
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  • #158
  • Jun 18, 2015 10:27am Jun 18, 2015 10:27am
whats a typical spreads you guys have?eurusd
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  • #159
  • Jun 18, 2015 10:28am Jun 18, 2015 10:28am
Quoting forexpervert
one of my targets was hit only, if i get 1.1418 i go short again i lower my risk,
Lower your risk to 5 pips for your SL?
  • #160
  • Jun 18, 2015 10:29am Jun 18, 2015 10:29am
im taking a very small risk on this on if i get anywhere from 1.1418 to 1.1420
i'm seeing big offers at 1.1430 area stacking
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