Quote from cornixforex:
Agree. All moves are real as long as price really changes. "Real or not" issue sounds more as an excuse for poor trading.
not even close......
all moves are not real.
start thinking like a bank market maker.
get on the other side of your screen.
their job is to " entice you and trap......"
to " jam you up " so to speak.....
then they run your stop and five hundred other guys.
they " clear the board " and reset it for the next school of fish to come along......
they know every retail position and your margin % by account in " real time...."
they can jam you up in the mid week reversal and hold your position hostage for a week.
you sit in pain and lift your stop and hope like hell it " comes back to let you out...."
" the news " is an excuse used by the market maker ( the banks ) to move the market.
they care less what it is.......
think of the dog wagging the tail.
you are the tail.
the " suits and talking heads " try to make sense out of this and do not have a clue.
to move a forex pair you need to feed in 10,000 cars.
they let it out, let it out , let it out and then snatch it all back
when a trading desk shifts to the next market opening....
a fresh set of meat comes in and their job is to move the market to a new level as per the long term game plan within the IMF rule book.
they cannot crash an economy as there are limits on the move per day.
a pic of the UBS war room is attached......
still think the game and price action is real.......
think again.
cheers,
S
