[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 6: August 2011) - page 161
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A fish is a fish even if it is a sprat - DTs - further output the aggregate position. Who works out the news in advance? (Who is the price that knows everything?)
Rather the right question is how (why) is the news worked out in advance?
The answer is simple - there are predictions of economic data and traders (big players) make transactions based on economic data, certain events. The price goes up or down, no matter what, and when the news are positive (to expect) there are no abrupt movements, because the news has been processed and the expected data is expected.
The price, the price - it does not know anything, it does not care, the price is set by people! And for TA the price is the last thing to look at, without it you can just as easily do analysis and make assumptions (forecasts) about the direction of movement. Here is an example of a chart:
Tantrik, I asked specific questions, you didn't answer them.
MM does everything and walks on aggregate positions (someone in any movement wins but what is their percentage). Here with the intervention of the franc - specifically SCB pays the profit.(this is the case open - where is the crowd)
I personally believe that stops are not knocked down by anyone, it's just a feeling when it's your stop that catches. Everyone had the feeling that the moment you open a position, the price goes in the wrong direction. On our previous page somebody wrote that before an important event price makes big candles to collect stops, but that's not true. Big market players open positions with big lots and the price pulls back against the position to compensate for the deal. If you want to buy, someone has to sell to you, and plus the leverage (1000 lots at 1/1000 leverage, it's 100000), ie you bought 1000, and someone had to sell 100,000, so the price rolls back when you buy (Buy) in the opposite direction. As Bicus wrote : one has a large sell and the second also wants to open a sell position, then the price will not go in the direction they want twice as fast:)) On the contrary: when the first player opens a sell, the price goes up (why I wrote earlier), then at a higher price the second one thinks that he will sell at a better price and opens a sell, and the price goes up again and so on, until the first one removes the Stop loss. But no one chased his stop, only a better price (in this example for a sell position).
CONTINUATION:
The third trader sits and thinks the price is going up. He opens a buy position and price goes against him again to compensate.
This is how the fluctuations in exchange rates happen. The market is in a kind of antiphase, and the beginning of all this The expectations possible fluctuations from the release of certain news.
I personally believe that stops are not knocked down by anyone, it's just a feeling when it's your stop that catches. Everyone had the feeling that the moment you open a position, the price goes in the wrong direction. On our previous page somebody wrote that before an important event price makes big candles to collect stops, but that's not true. Big market players open positions with big lots and the price pulls back against the position to compensate for the deal. If you want to buy, someone has to sell to you, and plus the leverage (1000 lots at 1/1000 leverage, that's 100000000), ie you bought 1000, and someone has to sell 100 000 000, so the price rolls back when you buy (Buy) in the opposite direction. As Bicus wrote : One has a large sell and the second also wants to open a sell position, then the price will not go in the direction they want twice as fast:)) On the contrary: when the first player opens a sell, the price goes up (why I wrote earlier), then at a higher price the second one thinks that he will sell at a better price and opens a sell, and the price goes up again and so on, until the first one removes the Stop loss. But nobody chased his stop, they only chased a better price (in this example for a sell position).
No such leverage, more than 7m 1:33 and longer than 1:10. At Sakho Bank, the maximum position is 50 million.
That's just an example, for clarity's sake.
It's just an example, to illustrate the point
Let's try to get back on track with predictions and scenarios. And let's decide on the direction for today and the rest of the week.
Remember, the Euro is still in an uptrend channel. It may form a descending channel today, if yesterday's low will be rewritten.
It's just to illustrate the point.
Removed the zeros so as not to be picked on :))