Why price really moves in the forex market and how the bank guys paint the charts. | Forex
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The reality of price action is that it is a random walk with pockets of non-randomness often caused by the actions of the big players in the market. In this video, I describe this process here with a simplified example and also give some chart examples of the fake out shake out moves often seen in forex.
Comments
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the car part of the video looked so awkward haha
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next time I will be in Dublin lets catch up Peter! great one
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Man said nonsense stuff gartleys and that
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Actually a good way to trade forex is to use a number of freely available tools on the internet . Then do the opposite of what these technical analysis tools tell you to do. works quite well.
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I'm a software dev for Citadel Investment and we use a lot of the tools/resources that you call "silly" e.g. (Elliot Wave) and we do quite well using these tools in conjunction with machine learning, mkt micro structure, etc...
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The market is never random, it is always seeking capital.
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forex is just a manipulated scam for benefit of those who control th charts.
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Nice video, but author clearly has no institutional experience. Prices are not agreed in advance. There is no magical cushion (40 pips, are you joking!?). Large orders are usually executed at the fix (client chooses which fix). Half a yard is not small for any bank trader as he claims. And on and on. BTW, if you want to get filled to short above the market, you leave offers, not bids. Basic.
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Hey Peter man, u are mentioning hard killer facts here. Please bring us more info and videos. God Bless!
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1 minute into video ====>>>> SUBSCRIBE... finaly some1 who thinks like me ... just advanced :O :)
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Retail trader can also divide his positions in zones.Or should.One entry is a mistake as you do not know if it's the best price.Ulterior price action can show one whether to fill the position with increments of a preestablished size,leave it as it is or reverse it ,if necesary.And technical analyse does work.Depending on the skills of who does it.Of course.Fact is that there are a lot of traders with respectable names and achievements that you are contradicting.But of course,diversity of opinions is necesarry.Anyway....traders that actually trade(Joseph James for instance)are a bit more convincing.Since trading is much better than talking about.Great difference.Talking about and analysing is a good first step.Actual trading cam be a bit different.
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fair play opened my eyes to what really geos on
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Peter, man, damn!. I was a pit spec. and that's some pretty damning stuff you're saying. Damaging for your rep. I'd say. Got to tell ya, you got some giant dinosaur balls posting this...but glad you've got the guts to share it. Hope your viewers take it to heart.
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Thanks for sharing, impressive!
I got extremly good results by using free Samurai robot.
Check it on my page -
Hi Peter,
Do you have get `insider information` from interbank circle? Do you think retail traders dont have the information will have great disadvantage? -
Hi
Interesting. I came to my own conclusion that the Forex market is Random and that you can't win on the long run,
What do you think about this:
PROOF that Forex is Random
http://youtu.be/EZdBzFcvwQY -
In a random walk market you can absolutely make money. You just can't predict when you will make money.
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Thank you for posting another informative videos. You are illustrating why 80%+ of US retail traders (dumb money) loose money. (90%+ in the UK). One question...what would it take exactly for the bank to 'push the price' 50-100 pips? and squeeze the stops? I.e. What type of order/s would it take?
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Very good video but the car bit at the end is bit awww awkward after watching your other videos on scams etc this looked so out of character.
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Thanks for sharing. You are a fund manager?