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  • #441
  • Aug 15, 2016 12:09pm Aug 15, 2016 12:09pm
Quoting Brucasella1
Hello guys, what do you think about ECN and MARKET MAKERS? i use oanda and its a market maker, but also is one of the top brokers in the world. What do you think about using volume in the trades? if it is a market makers, i think volume isnt a real volume indicator right?
You mean top stealing and top manipulating one?
I think you have broker discussion somewhere, you should dig into it.

And BTW, forget the broker and volume question, actual volume is not important.
Just get decent broker. Or have 2 and compare them in time.
PVSRA
  • #442
  • Aug 16, 2016 1:09am Aug 16, 2016 1:09am
Quoting RoelsMajor
Market is going nowhere. What do you think about USD Red News in an hour Guy? Is USD going strong? Edit: -15 minutes before the bell, risk is prepared. And let it be. I will fold at reasonable SL. -After the Bell, 3 trades today got stopped. Well, the positive point is reasonable SL. The negative point is My Acc down to -18.6% in two weeks, no matter what the reasons. -My risk still too big and need extra work. Maybe the picky trade 1 or 2 a day is enough with risk no more than 2.5% Acc per trade. -News can be very very cruel to the currency...
Imo, only a bit too big EPs relative to account size ( I was guilty of that with my Friday UJ trade that was later hard to HFS becouse of too big EPs and being Friday) and a bit less exposure to the same currency (USD in your case). It will be much easier from emotional point of view to manage the trades this way.
PVSRA
  • #443
  • Aug 16, 2016 1:25am Aug 16, 2016 1:25am
Quoting Fisher755
{quote} Imo, only a bit too big EPs relative to account size ( I was guilty of that with my Friday UJ trade that was later hard to HFS becouse of too big EPs and being Friday) and a bit less exposure to the same currency (USD in your case). It will be much easier from emotional point of view to manage the trades this way.
Nice trades You there today on UJ, You hold the UJ position and got nice gain. I fold, because late night. Now near London, all major pair gain during Asian Session will halt a bit during retrace. Will see what London would gave Me. Manage to gain 7.7% Yesterday reducing the loss. I think by reducing the risk and trade per day has gave Me a positive effect.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #444
  • Aug 16, 2016 1:30am Aug 16, 2016 1:30am
Quoting RoelsMajor
{quote} Nice trades You there today on UJ, You hold the UJ position and got nice gain. I fold, because late night. Now near London, all major pair gain during Asian Session will halt a bit during retrace. Will see what London would gave Me. Manage to gain 7.7% Yesterday reducing the loss. I think by reducing the risk and trade per day has gave Me a positive effect.
Yes, agree.
But you know, watching your trades ( when you have 4 or 5 with big leverage and so big risk too ) is a bit of horror to watch for me ( when I check your TE) ..
...maybe for the sake of my heart contidition you should lower your EP size relative to account size too..

(maybe try and do the other way around when you enter trades, focus on risk perspective when you execute them, might help...count potencial % loss if all your SLses hit)
PVSRA
  • #445
  • Edited 7:44am Aug 16, 2016 2:22am | Edited 7:44am
Quoting Fisher755
{quote} Yes, agree. But you know, watching your trades ( when you have 4 or 5 with big leverage and so big risk too ) is a bit of horror to watch for me ( when I check your TE) .. ...maybe for the sake of my heart contidition you should lower your EP size relative to account size too.. (maybe try and do the other way around when you enter trades, focus on risk perspective when you execute them, might help...count potencial % loss if all your SLses hit)
. Today I have entered to soon, prices retraces so quickly and suffer a bit with this stop hunt playing, but I did not do churning trades, because that risk perspective, will give about 5% cut loss today.

Edit:
- I think this is Rally before USD big news. Pan-USD weak among the Major Pair. Good opportunity to grab at least 7.0%.

- And now one hour before USD Red News (majority), all major pairs have gone too far from average, so waiting for retrace or You can say "reversal", would be a good choice. Today I was lucky enough, got so far 8% return.

-After the Bell, See now how MMs and Banks (Big Players) did it?! So elegance! Pump 125 to 150 pips for hours then Dump 50 to 75 pips in just 15 minutes! Good Game Well Played!
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #446
  • Aug 16, 2016 5:10pm Aug 16, 2016 5:10pm
the fed said that maybe will increase the rate this year, why is usd falling if increasing rate is good for currency?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #447
  • Edited 1:58am Aug 17, 2016 1:30am | Edited 1:58am
Quoting Brucasella1
the fed said that maybe will increase the rate this year, why is usd falling if increasing rate is good for currency?
Short term ( all TFs lower than Weekly) has not much to do with what FED says. Maybe you should start learning "How The Market Really Works"...

I'll quotte my friend traderathome:
"It happens because while everyone in the market is looking at charts, and considering fundamentals and such, to decide if to trade, the MMs (Market makers, big banks etc.) are watching the price queue to see how the market is trading and to decide how to best take advantage of it. These are entirely different metrics that are being used by opposing sides - the market participants vs the Market Makers - and it is no wonder that traders end up in a "Stop Hunt" or in a "Head Fake", even after every consideration!"
PVSRA
  • #448
  • Aug 17, 2016 3:06am Aug 17, 2016 3:06am
So if we would have the full data of all retail traders and more then 60% is selling, then the market makers will buy?

Quoting Fisher755
{quote} Short term ( all TFs lower than Weekly) has not much to do with what FED says. Maybe you should start learning "How The Market Really Works"... I'll quotte my friend traderathome: "It happens because while everyone in the market is looking at charts, and considering fundamentals and such, to decide if to trade, the MMs (Market makers, big banks etc.) are watching the price queue to see how the market is trading and to decide how to best take advantage of it. These are entirely...
  • #449
  • Edited 4:15am Aug 17, 2016 4:03am | Edited 4:15am
Quoting Robst3r
So if we would have the full data of all retail traders and more then 60% is selling, then the market makers will buy? {quote}
How The Market Really Works Short Story

Example:

Let's say I am the Executive of large XX bank in US and Roels Major is Executive of large XX bank in Asia.
We drink our early morning coffe and get the report of pending market orders...
He is my friend and I call him. We exchange few jokes and ask polite questions about our families first of course..then we get to the bizz..and I say to him:
" Hey Roels, I have some big pending buy orders on UJ 70 pips higher...let's buy today until we get to them, I'll owe you one. "
Roels answers: " Sure, NP, my friend, we'll do that."
I'm not finished wth my intentions so I countinue: " And while we are at it...those orders SL is 100 pips from their orders...so we could stop buying after we reach those orders ...there will be enough sellers at that price that we get rid of our longs .. and we can then sell agresively to SH them. Today Yellen speaks, so volatile mkt would not be unusual. If we will not be able to get rid of those shorts then, we can pass them to each other after we move it 20 pips, I'll give them to you first and buy...and after cca 20 pips you give those shorts back to me and buy...and we can repeat the process until we get enough interest in shorts that we get rid of them all...then we buy some more and let it run, so we can generate some more profits later. What do you say?"
Roels bored: " Sure, NP, we'll be in touch for some details. Say , when are we going for some sailling again? Last time was fun, not to mention no press and I could get drunk and do what I want after a long time..the food was great too. That Mario is Master Chef (laugh). If he resigns he could always open a restaurant (rolf). Cannot wait we repeat it."

Hope you can get your answer out of that (retail traders are not the only participants in the market, "Smart Money" gets stop hunted too) , I wrote it a while ago on UJ manipulation.

Now looks at this GJ Trade chart with explanation and tell me if you can see something like that in it...:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYiM15 PVSRA TVT20 long 17.8..png Size: 82 KB

The story repeats every day and someone once said that MMs are officially alowed to manipulate up to 200 pips per day, becouse such moves can be covered ( with this and that news or event or just market "volatility"). Imagine their profits and what we are competing against.
PVSRA
  • #450
  • Aug 17, 2016 9:21am Aug 17, 2016 9:21am
Today the funniest thing is Yen moving alongside Cable together. What a manipulation! All my trades today is not in a good prospect anymore.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #451
  • Aug 17, 2016 9:30am Aug 17, 2016 9:30am
Quoting RoelsMajor
Today the funniest thing is Yen moving alongside Cable together. What a manipulation! All my trades today is not in a good prospect anymore.
You can cut and wait for better momentum and clearer setups after FOMC.... better limit the damage becouse HFS makes no sense before FOMC, SL can be hit both ways..the danger exists and it is bigger than usually...
PVSRA
  • #452
  • Aug 17, 2016 10:05am Aug 17, 2016 10:05am
Quoting Fisher755
{quote} How The Market Really Works Short Story Example: Let's say I am the Executive of large XX bank in US and Roels Major is Executive of large XX bank in Asia. We drink our early morning coffe and get the report of pending market orders... He is my friend and I call him. We exchange few jokes and ask polite questions about our families first of course..then we get to the bizz..and I say to him: " Hey Roels, I have some big pending buy orders on UJ 70 pips higher...let's buy today until we get to them, I'll owe you one. " Roels answers: " Sure,...


really? i work at a bank and i can tell you that some enterprises manage the fx rate. thats sure, because im in a small country ans its easy to do it, but in a large and huge market as forex, its that possible?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #453
  • Aug 17, 2016 10:15am Aug 17, 2016 10:15am
Quoting Brucasella1
{quote} really? i work at a bank and i can tell you that some enterprises manage the fx rate. thats sure, because im in a small country ans its easy to do it, but in a large and huge market as forex, its that possible?
It is not all banks, some banks are "Smart Money", so customers of bigger investment banks that can at anytime manipulate the markets. The fact that they have endless fiat $$$ ( paper money, not real one) makes it all so easier for them...
PVSRA
  • #454
  • Aug 17, 2016 10:28am Aug 17, 2016 10:28am
Quoting Brucasella1
{quote} really? i work at a bank and i can tell you that some enterprises manage the fx rate. thats sure, because im in a small country ans its easy to do it, but in a large and huge market as forex, its that possible?
Yea. That is the fact. You can find many articles, just Google it.

1. http://www.bbc.com/news/business-26526905
2. http://www.bloomberg.com/news/articl...x-manipulation
3. http://www.ft.com/cms/s/0/23fa681c-f...c0.html#slide0
4. http://www.reuters.com/article/us-ba...0O50CQ20150520

Not a secret anymore.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #455
  • Aug 17, 2016 10:48am Aug 17, 2016 10:48am
Quoting RoelsMajor
{quote} Yea. That is the fact. You can find many articles, just Google it. 1. http://www.bbc.com/news/business-26526905 2. http://www.bloomberg.com/news/articl...x-manipulation 3. http://www.ft.com/cms/s/0/23fa681c-f...c0.html#slide0 4. http://www.reuters.com/article/us-ba...0O50CQ20150520 Not a secret anymore.
Yep, the Robber Banks (which include the central banks) have all the money in the world at their disposal to control and manipulate market prices. The central banks can print it and the other (lower) banks can forfeit it (fiat credit). The currency market is a multi-billion dollars a day roulette wheel. And these banks control where the ball drops.
PVSRA
  • #456
  • Aug 17, 2016 11:46am Aug 17, 2016 11:46am
Thank for the good answer!!! Really detailed.
cheers👍🏻

Quoting Fisher755
{quote} Yep, the Robber Banks (which include the central banks) have all the money in the world at their disposal to control and manipulate market prices. The central banks can print it and the other (lower) banks can forfeit it (fiat credit). The currency market is a multi-billion dollars a day roulette wheel. And these banks control where the ball drops.
  • #457
  • Aug 17, 2016 2:43pm Aug 17, 2016 2:43pm
Quoting Fisher755
{quote} Yep, the Robber Banks (which include the central banks) have all the money in the world at their disposal to control and manipulate market prices. The central banks can print it and the other (lower) banks can forfeit it (fiat credit). The currency market is a multi-billion dollars a day roulette wheel. And these banks control where the ball drops.
Perfectly said!
  • #458
  • Aug 17, 2016 3:39pm Aug 17, 2016 3:39pm
Today, Me no Luck! Hopefully tomorrow will be better and get 6%. Good night All and dreams big.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #459
  • Aug 17, 2016 3:44pm Aug 17, 2016 3:44pm
Quoting RoelsMajor
Today, Me no Luck! Hopefully tomorrow will be better and get 6%. Good night All and dreams big.
No luck had the one that blew account. For you it was just an ordinary day in the trading Office, nothing special. If you would get 7% every day, you would be 300 times better trader than average world hedge fund owner!
( ...and in this case I would not be trading, but giving you my $$ to play the mkt with, while I would be out boating the whole year ....and just collect profits every few months )
PVSRA
  • #460
  • Aug 17, 2016 4:29pm Aug 17, 2016 4:29pm
It was good for me today, im adding a new style of trading, just a few percentage per trade. let see how it works
Im a Crocodile, Im a Sniper. Patience is everything.
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