Ever wondered just how all the different forex brokers and market makers relate to each other? Here is the complete breakdown.
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Some people have a mistaken understanding of the role liquidity providers play in markets.
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I for one would appreciate having some authoritative body that a broker has to answer to when they participate in shady activities. Further, security of funds and minimum capital requirements would give the business the ligitimacy that it is sorely lacking.
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How much money does it take to move the market and what would happen if you did?
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Aug 24, 2006
Quote:
Originally Posted by ycomp
Hi,
ACM has a daily analysis that displays:
(S)trong
(M)inor
(T)rendline
(K)eylevel
(P)ivot
support & resistance values
How do I determine (usually) which are more important? Is there some kind of hierarchy of importance?
I assume that of these the K(eylevel) is the strongest. Please correct me if I'm wrong.
But I have no idea how important Trendline or Pivot levels are compared to Keylevel, Strong, Minor
anyone want to take a stab at helping me understand this?
If you really want to know, just compare each level with the open order flow around the defined price. Look at the following:
08:53 GMT Augu ...
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Aug 23, 2006
Quote:
Originally Posted by merlin
come on dark this is blatent provocation!!! we dont need any more lectures!!
Merlin,
I know. You are certainly right about the post and I should stop. I am going to make this my last post about the subject.
Bracket news traders,
The truth is I HAVE been trying to goad MoneyMaster into an argument. Deservedly or not, I hold him personally responsible for the latest wave of bracket traders. Technically it isn’t his fault. He was just trying to be helpful and my compliments to him for that. Millions of startup traders have tried the news bracket system before him, and many more will in the future regardless of what is said here or anywhere else. The issue I have with him is that he glamorized it as a legitimate way of making money and now any halfwit trader with 2 index fingers is going to try and emulate his style.
I can't deny mone ...
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Aug 23, 2006
Quote:
Originally Posted by Piece Of The Pie
Why do you think it had such a small spike up and has been trending downward for the first 40 minutes after the news? Housing numbers came out lower than expected.
Because a weak number was priced in. It would have taken a 6.2m number or lower to drop the dollar any further. The fade was a much better play today. Nice to see it still pays to do research and actually think about the news...
Quote:
Originally Posted by jmw
But the numbers came in still weaker than expected and the dollar went up in value after an initial decline. That's what can be confusing. The initial reaction is backwards from the long term reaction.
No it was perfectly rational. Read the news announcements and the posts on the forum prior ...
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August 22, 2006
Quote:
Originally Posted by ycomp
Hi,
I am a bit confused on this issue... I know it is something obvious that I am missing. But could someone explain for me why hedge funds or banks "run stops"?
for instance, I think it was the Monday Asian session where the EURUSD just kept on appreciating and I was reading that this was from a bank "running stops".. at least I think that is what I read.
anyhow, why do institutions do this? if they make the price go higher, shouldn't hitting people's stops give more resistance, making it harder (not easier) for the price to appreciate... someone please set me straight.
on the other hand, I have no problem seeing how it would be advantageous for a broker to spike stops and pocket the cash. I am just confused about how moving the price through stop levels benefits the institution ...
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Aug 21, 2006
There are really 3 kinds of people you will find at this (and probably any other trading related) forum. You have the Noobs which are by far the largest percentage of the population. It seems they are the ones your expressing frustration with.
Then there are the helpers, who are sufficiently profitable/competent and make every effort to get the noobs to the next level. Unfortunatly there are very few of them anywhere; but it seems FF has a good group with James16, Dialist, Muddbuddah, etc.
Finally you have a silent army of people like myself that visit the forum occasionally to see if anything is new. The problem is that once you develop a certain level of skill, what do you really have to talk about? More then likely you have a completly unique way of trading and are somehwat reluctant to hand it out to the world of noobs. It also seems that trading is an intensly personal experience. Each one of us is at an entirely uniqe point in our development and seldom does the experience we have develo ...
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Aug 21, 2006
Quote:
Originally Posted by MrFuture
I opened a demo account with a broker. I have been doing pretty good following SIDUS method. My initial 50,000 is now a little bit over 55,000. I always invested exaclty $4000 on each trade, since this is the amount I feel more realistic to my position right now.
Each trade gave me approximately a little bit more than $1000 in profit (call me lucky, but with Sidus I had 4 good trades out of 4).
Now my question is this: where's the catch ? Don't get me wrong, I know the risks and I have plenty of experience with the stock market, therefore charts are nothing new to me...I know that they work until, well, they don't.
But what about these profits ? Are they realistic, or is the demo account playing with me ? $1000 over $4000 in 1-2 days is not bad at all.
Is my demo broker giving me unrealistic leverage ?
With the USD/JPY, wh ...
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