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Some general observations:
1. The markets are a dog-eat-dog business. In the main, it is a case of earning money by whatever means are possible. Br0kers and market manufacturers gain risk free income by clipping the ticket on every trade. Vendors sell systems, signals, eduion, a lot of that's of dubious quality. Prices are manipulated by banks and institutions, to whatever extent their size and influence permits them to eliminate it, a lot of which is at the expense of the little guy. Bull and bear squeezes and traps are set; stoplosses get gunned down in the heavyweights' quest for liquidity; traders receive their shirts handed to them by unprecedented central bank activities (January 15 was a recent example). And so Forth. The harsh reality is that retail traders are, by their own option, little fish swimming among the predatory sharks. As they say, if you can't stand the heat, get out of the kitchen.
2. Survival has always been about getting, and exploiting, quality info earlier than the herd. If you're a specialized trader, you have to not only locate the actual moves, but also both enter them, and bank your profit, until the transfer dissipates. If you're a fundamentalist who deals economic release information, you need to exploit data inequities until they turn into'priced in'. Whatever the modus operandi, it's always the wise money that behaves before, and at the cost of, the dumb money.
3. What is ethical -- let alone legal -- or not is problematic, and I would dare to suggest, random. For example, why are pyramid schemes prohibited (in many countries) while casinos and lotteries aren't? All pander equally to the yearning in character, and the'average' punter loses cash in all of them. And overriding all of this really is the question as to what extent governments and authorities should be allowed to intervene, creating a progress toward a'nanny state', to rescue gullible laypeople in their own greed, laziness and prideful ignorance. You could arguably put retail forex into that egory as, given enough time, the huge majority inevitably lose. As an entrepreneur, I am personally against extreme government laws, but I still understand the societal outcry to get a more humanitarian and egalitarian world. The question concerning where lines should be drawn will probably always remain a subjective and controversial issue.
Some general observations:
1. The markets are a dog-eat-dog business. In the main, it is a case of earning money by whatever means are possible. Br0kers and market manufacturers gain risk free income by clipping the ticket on every trade. Vendors sell systems, signals, eduion, a lot of that's of dubious quality. Prices are manipulated by banks and institutions, to whatever extent their size and influence permits them to eliminate it, a lot of which is at the expense of the little guy. Bull and bear squeezes and traps are set; stoplosses get gunned down in the heavyweights' quest for liquidity; traders receive their shirts handed to them by unprecedented central bank activities (January 15 was a recent example). And so Forth. The harsh reality is that retail traders are, by their own option, little fish swimming among the predatory sharks. As they say, if you can't stand the heat, get out of the kitchen.
2. Survival has always been about getting, and exploiting, quality info earlier than the herd. If you're a specialized trader, you have to not only locate the actual moves, but also both enter them, and bank your profit, until the transfer dissipates. If you're a fundamentalist who deals economic release information, you need to exploit data inequities until they turn into'priced in'. Whatever the modus operandi, it's always the wise money that behaves before, and at the cost of, the dumb money.
3. What is ethical -- let alone legal -- or not is problematic, and I would dare to suggest, random. For example, why are pyramid schemes prohibited (in many countries) while casinos and lotteries aren't? All pander equally to the yearning in character, and the'average' punter loses cash in all of them. And overriding all of this really is the question as to what extent governments and authorities should be allowed to intervene, creating a progress toward a'nanny state', to rescue gullible laypeople in their own greed, laziness and prideful ignorance. You could arguably put retail forex into that egory as, given enough time, the huge majority inevitably lose. As an entrepreneur, I am personally against extreme government laws, but I still understand the societal outcry to get a more humanitarian and egalitarian world. The question concerning where lines should be drawn will probably always remain a subjective and controversial issue.
If they're performing frontrunning then you draw a tl and begin backrunning
If they're performing frontrunning then you draw a tl and begin backrunning
The point is the markets are rigged. . .no uncertainty about it, and nothing we can do to change it.
How it exactly works is a secret...
The effect on the chart is the good old STOP RUN.
Please look at any chart, any time frame, and almost on every swing begin, you will have the ability to identiffy a STOP RUN. (so called liquidity pools).
Bad hands are washed, and with the impulse of the liquidity, the market runs away, without the inadequate retailer, but with his cash in somebody else´s pocket.
SOLUTION: no matter what trading system you use, put in this one filter:
if you receive a signal, look back a few pubs and attempt to identify a STOP RUN, if you discover it, then chances are the trade will work.
IF NOT: BEWARE, chances are the market will spike, trigger all sorts of signals. . .only to return and run the quits...
Train your eyes to read the robot, sometimes it will meander up and down, trigger longs, shorts and stops. . .clean just as much retail beef. . .and then explode!!
It´s just like a poker game, robot is the pro. . .but being a machine it is dumb. . .sometiems easy to read, somtimes not. . .it fakes and is located. . .but because he´s so big, it's ´s hard for him to hide...
If you make it to read his hand and ride togehter with him...
The point is the markets are rigged. . .no uncertainty about it, and nothing we can do to change it.
How it exactly works is a secret...
The effect on the chart is the good old STOP RUN.
Please look at any chart, any time frame, and almost on every swing begin, you will have the ability to identiffy a STOP RUN. (so called liquidity pools).
Bad hands are washed, and with the impulse of the liquidity, the market runs away, without the inadequate retailer, but with his cash in somebody else´s pocket.
SOLUTION: no matter what trading system you use, put in this one filter:
if you receive a signal, look back a few pubs and attempt to identify a STOP RUN, if you discover it, then chances are the trade will work.
IF NOT: BEWARE, chances are the market will spike, trigger all sorts of signals. . .only to return and run the quits...
Train your eyes to read the robot, sometimes it will meander up and down, trigger longs, shorts and stops. . .clean just as much retail beef. . .and then explode!!
It´s just like a poker game, robot is the pro. . .but being a machine it is dumb. . .sometiems easy to read, somtimes not. . .it fakes and is located. . .but because he´s so big, it's ´s hard for him to hide...
If you make it to read his hand and ride togehter with him...
I agree completely with you and thanks this thread.
And idiots ... ? F@#k them all
I agree completely with you and thanks this thread.
And idiots ... ? F@#k them all
While I did mention that it's well worth pointing out that even if no one was doing anything exclusive/rigging (the mass quote being ), the existence of the option market or link via correlated advantage has impact on the underlying. I read about a study where behavior was analyzed before and after introduction option market. It did not really say what the impact was but there are many unique aspects about options such as expirations which have impact - or even direct, then direct through traders being mindful of them.
I don't understand how to prove or argue this but my instinct says the effect would probably feel like any sort of rigging - generation of frequent chart patterns which may not be as tradable as they seem. eg. You may see a lot of volume on a regular chart but when there's option market or any other correlated market, you don't really know whether the volume is some sort of hedging rather than buying or selling etc..
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