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Trade Like Institutions and Banks Do

  • #81
  • May 11, 2017 10:22am May 11, 2017 10:22am
I am waiting for EurUsd to retest 1.0878 - 80.
Nothing is Perfect... Every Body is Right...
  • #82
  • May 11, 2017 10:27am May 11, 2017 10:27am
Recently open two position on sell
1.0856
1.0871.
Nothing is Perfect... Every Body is Right...
  • #83
  • May 11, 2017 12:22pm May 11, 2017 12:22pm
i worked several years in the back office of the dealing desk in headquarters of a commercial bank in europe

most of what is posted here is total BS

banks DONT control FX.

banks are not market makers in the FX world. but they ARE market makers for their clients

the dealing desk of a central banks has one important task at hand each and every day from monday to friday : to provide funds at the request of its clients

MOST of the funds (75% or more) are funds in local currency. the rest to 100% are funds required in foreign currency, witch can be provided via FX.

the problem arises from banks when a client needs funds to be delivered in a particular currency at a particular bank, in case the bank dont have that currency available in an account with a bank that keeps close exchange relations with the recipient of the money.

the recipient of the money is the client commercial partner bank abroad

the other collateral task witch is far less important is speculation on fx with MONEY AVAILABLE and with time/human resources available

the revenue source from these fx speculation for a commercial bank may come to be as high as 15% of the total revenue of the dealing desk

and the bank don't need hundred pips a day.

the bank quotes the prices on FX to his clients so the 85% part is made as a market maker (leaning on the REUTERS dealing desk prices which is the real FX we all see in our retail brokers, only the reuters dealing shows which client quotes the prices in real time. most times the quotes are from what all here call ''the market makers'' and youll see names like UBS, Deutsche Bank, and next to the name, the fx for a currency pair. thats the real fx market on REUTERS DEALING. Then when 2 commercial banks exchange FX , the minimum sum that i rarely seen is a quarter of million, for my bank, mostly is either 0.5 or 1million each trade, and the quotes of the deal between these 2 commerical are the quotes taken from UBS or deutsche bank at that moment ( the market makers)

There are like only 8-12 of these market makers in the whole world, so thats very little for a whole world full of money.... if you know what i mean, and thats very very little compared with all the fuss on this forum about the big fish who's stealing our pips and rule the fx market day is day out . thats total BS

you can compute what is 1 pip for half a million dollar deal. and i've seen the journals of my dealers. the average gain was 45pips or so in daily trading speculation with like 30% losses in them and a lot of scratch trades 2-5 pips win or loss.

the market maker talk in this forum regarding banks is pure BS

just a beam of light in this matter
The risk is what gives value to an investment.
  • #84
  • May 12, 2017 5:18am May 12, 2017 5:18am
Entry Point preferably 1.086
Take Profit : 1.837
Stop Loss: 1.0918

Mostly likely Scenario is Bearish because of Upcoming Data Expected Very positive and no other catalyst are shown which have bullish impact on EurUsd.

Thanks.

Regards; Genie Rex

Happy Taking Profit.
Attached Image (click to enlarge)
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Nothing is Perfect... Every Body is Right...
  • #85
  • May 12, 2017 7:51am May 12, 2017 7:51am
Quoting genierex
Entry Point preferably 1.086 Take Profit : 1.837 Stop Loss: 1.0918 Mostly likely Scenario is Bearish because of Upcoming Data Expected Very positive and no other catalyst are shown which have bullish impact on EurUsd. Thanks. Regards; Genie Rex Happy Taking Profit. {image}

Mistakenly i didn't take a look of futures, but still it did't hit my Stop Loss. And also Data is good comparison to previous data which is also good thing.
Nothing is Perfect... Every Body is Right...
  • #86
  • May 12, 2017 7:55am May 12, 2017 7:55am
Quoting genierex
{quote} Mistakenly i didn't take a look of futures, but still it did't hit my Stop Loss. And also Data is good comparison to previous data which is also good thing.
Hi
How do your indicators make you trade like banks do? Which aspect are they revealing?
  • #87
  • May 12, 2017 8:03am May 12, 2017 8:03am
Quoting eatthis
{quote} Hi How do your indicators make you trade like banks do? Which aspect are they revealing?

First of All Every Bank don't Trade Except Investment, but they didn't rely only on technical indicators, They multiple terminal which provide them quick information, So Forget these instead you have millions dollars to pay for terminal and than approach like bank and other institute do.
Nothing is Perfect... Every Body is Right...
  • #88
  • May 12, 2017 8:05am May 12, 2017 8:05am
Quoting genierex
Entry Point preferably 1.086 Take Profit : 1.837 Stop Loss: 1.0918 Mostly likely Scenario is Bearish because of Upcoming Data Expected Very positive and no other catalyst are shown which have bullish impact on EurUsd. Thanks. Regards; Genie Rex Happy Taking Profit. {image}

Finally Today's Trade Chart Failed.


Hit the Stop Loss Finally.
Nothing is Perfect... Every Body is Right...
  • #89
  • May 13, 2017 2:34pm May 13, 2017 2:34pm
Finally Start Learning MQL4.......
Nothing is Perfect... Every Body is Right...
  • #90
  • May 13, 2017 10:29pm May 13, 2017 10:29pm
Quoting 3cent
i worked several years in the back office of the dealing desk in headquarters of a commercial bank in europe most of what is posted here is total BS banks DONT control FX. banks are not market makers in the FX world. but they ARE market makers for their clients the dealing desk of a central banks has one important task at hand each and every day from monday to friday : to provide funds at the request of its clients MOST of the funds (75% or more) are funds in local currency. the rest to 100% are funds required in foreign currency, witch can be provided...
Thanks for sharing your experience from your previous job...

So, who exactly controls the FX market?
  • #91
  • May 16, 2017 11:36am May 16, 2017 11:36am
https://www.bloomberg.com/news/artic...de-not-anymore


Read this give your opinion.
Nothing is Perfect... Every Body is Right...
  • #92
  • May 16, 2017 8:12pm May 16, 2017 8:12pm
Quoting aaven
{quote} Thanks for sharing your experience from your previous job... So, who exactly controls the FX market?
Mario Draghi and Janet Yellen
  • #93
  • May 16, 2017 11:39pm May 16, 2017 11:39pm
Quoting Sonofsin5
{quote} Mario Draghi and Janet Yellen
ok, i am agree with you but what happened since last week till today, mario and yellen didn't said any one word??
Nothing is Perfect... Every Body is Right...
  • #94
  • May 17, 2017 12:07am May 17, 2017 12:07am
Quoting genierex
{quote} ok, i am agree with you but what happened since last week till today, mario and yellen didn't said any one word??
Inflation expectation nearing 2% and the forecast has been by far very accurate. Market expecting ecb to normalize after inflation hits their target...but I feel that draghi and friends will remain on the back foot until brexit settles...which should disappoint the market on Friday.
Searching for some order in these apparent chaos...
  • #95
  • May 17, 2017 2:35am May 17, 2017 2:35am
Quoting Speedhastey
{quote} Inflation expectation nearing 2% and the forecast has been by far very accurate. Market expecting ecb to normalize after inflation hits their target...but I feel that draghi and friends will remain on the back foot until brexit settles...which should disappoint the market on Friday.

Dear, what about Political Problem. your mentioned thing is right take look on this.


https://www.bloomberg.com/news/artic...de-not-anymore
Nothing is Perfect... Every Body is Right...
  • #96
  • May 17, 2017 3:00am May 17, 2017 3:00am
Quoting genierex
{quote} Dear, what about Political Problem. your mentioned thing is right take look on this. https://www.bloomberg.com/news/artic...de-not-anymore
Problem always exist..but I Don't think this is gonna stop fed from pushing fed fund to at least 150bps before the pause. They have the momentum now, would be unwise to slow down..since they don't know when the next window may present. Does not matter...euro zone problem still outweighs US IMO ATM...although trump may just flip it around in an instant xD
Searching for some order in these apparent chaos...
  • #97
  • May 17, 2017 4:00am May 17, 2017 4:00am
Quoting Speedhastey
{quote} Problem always exist..but I Don't think this is gonna stop fed from pushing fed fund to at least 150bps before the pause. They have the momentum now, would be unwise to slow down..since they don't know when the next window may present. Does not matter...euro zone problem still outweighs US IMO ATM...although trump may just flip it around in an instant xD

Sory Dear, i didn't understand you or you didn't understand me,

Simply i am not talking about FED or ECB, in previous replies and in this i am just talking about Political Issue like Washington post said trump divulge info..
Nothing is Perfect... Every Body is Right...
  • #98
  • May 17, 2017 10:51am May 17, 2017 10:51am

Huge pressure on USD due to Trump - Russia Controversy.
It seems like may be EURUSD touch Strong Resistance which is 1.1250 and 1.1450,
But soon the topic lose the momentum when another topic arises like hour ago Republican conference talking purely about Tax-Reform and their benefits.
Nothing is Perfect... Every Body is Right...
  • #99
  • May 17, 2017 12:41pm May 17, 2017 12:41pm
this is 4 hour Pivot Points

the current price is above the PP and showing enough to momentum to ranging between pivot to 1st resistance and than may be it in Asian session 2nd resistance 1.1179.
Attached Image (click to enlarge)
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Nothing is Perfect... Every Body is Right...
  • #100
  • May 17, 2017 1:53pm May 17, 2017 1:53pm
Quoting genierex
this is 4 hour Pivot Points the current price is above the PP and showing enough to momentum to ranging between pivot to 1st resistance and than may be it in Asian session 2nd resistance 1.1179. {image}

Even here, though, traders have been divided on what is moving the U.S. currency, with some seeing catalysts beyond politics. One explanation for the retreat might be weaker-than-expected readings on U.S. inflation and economic growth in the past month, data that have coincided with easing perceptions of political and economic risks in Europe. While traders continue to price in two interest rate increases by the Federal Reserve this year, speculation is rising that European counterparts are preparing to withdraw their own stimulus measures.
Nothing is Perfect... Every Body is Right...
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