Market Structure Question -
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thread: Market Structure Question

  1. #21
    Junior Member hugominola1's Avatar
    15
    Your post scre newcomer, why act like you know exactly what your talking about if you obviously dont? Are you really on the forum for the purpose of enhancing your self-image or self? Is it functioning?

    Leon
    Whats your problem partner. Just because you believe there's 1 method to exchange and one way just doesn't make it so. Open your mind a bit friend. I couldn't care less what you believe of me, but it's obviously you that's here for the ego boost by bashing other traders.

  2. #22
    Hey mate,

    I'd recommend you to do exactly what I suggest and zoom into a really brief period (1m or less), and take a look at price action around the pivot points. You will see that there's a reaction there almost every moment. I am not speaking about 50 pips, or even 20 pips. It might just be 5-10 pips or even only a time retracement. You'll also notice that very often they will produce a major turning point in the market, providing 20-50 pips. Then examine the pivot points that match with s/r, fibs, 00s and fashion lines and you will quickly notice that...
    I have studied every time frame in over 20 decades and most likely as soon as the majority of members had no access to real time information. I have observed the changes and paradigm shifts happening many times and especially ultra-short term versions with their ridiculously low shelf-life.

    Having assembled and tested models live and to fatigue, I have learned a few things. One of these is that with todays technologies, funds specifically and banks employ much greater experts in algorithm-programming that me or you could achieve with the technical means to our disposal (and that I have access to some of the fastest execution platforms in the market). For instance the fact that you will find trading progr out there which look for hidden ECN liquidity in their order depth facility including concealed and iceberg order forms, makes trading for a retail person much more risky than you may think. When these programmes are utilized (which could occur without warning), spikes and blips occur that clear out several levels of stops within a narrow range - but a range large enough to ship your 5-10 pip profit target overboard on a regular basis.

    These calculations have fast adaptation abilities and come at a really high price - folks wouldn't have the technical installation to use them - and banks/funds use them for profit in addition to getting better execution of large orders.

    For the past ten years the focus in FX is now to find increasingly more inefficiencies about the ultra low time frames. What make you feel that you have found something that thousands of MIT graduates have not yet thought about or taken under consideration. Science never ceases and while we speak about it now, someone somewhere has completed composing another algo for it.

    regards

  3. #23
    Whats your problem mate. Just because you believe there's one method to trade and one way just doesn't make it so. Open your mind a bit buddy. I could not care less what you believe of me, but it's obviously you that's here to the ego boost by bashing other traders.
    Im not bashing you, Im was trying to help you snap out of your ignorance. Im tired though. Goodluck.

    Leon

  4. #24
    Junior Member hugominola1's Avatar
    15
    I have studied every time period in over 20 years and most likely when the majority of members had no access to real-time data. I have observed the changes and paradigm changes happening many times and notably ultra-short term models with their ridiculously low shelf-life.

    Having assembled and tested models live and also to exhaustion, I have learned several things. One of these is that with todays technology, funds specifically and banks employ much greater experts in algorithm-programming that you or me could achieve with the specialized means...
    For me, the secret is discretion. It's likely to get a general idea of if the banks will be seeking to take outside stops. Options expiration and large fundamental shifts are a few.

    I do not use a 5-10 pip profit target by the way. I was just saying that these amounts will nearly always create this type of reaction and that's proof that there are a lot of orders placed in those levels. For me personally, a 5-10 pip profit target isn't sensible, for the reasons you have pointed out, but I am sure that there could be a few traders out there that have made such a egy work. I go for a lot more pips than that.

    So far as algorithms proceed, I would be very surprised if someone could make a totally automated system based on my type of trading. There are just too many other factors to consider than just the level itself.

    Ps I do not think I have discovered something that thousands of MIT graduates haven't yet thought about or taken under account. I am doing exactly the same thing as hundreds of people before me, and thats why it works.

  5. #25
    Junior Member hugominola1's Avatar
    15
    Im not bashing you, Im was hoping to help you snap out of your own ignorance. Im tired though. Goodluck.

    Leon
    Thanks for the feigned concern leon, however I know what you're doing

  6. #26
    For me, the key is discretion. It is possible to have a rough idea of if the banks will be looking to take out stops. Options expiration and big fundamental shifts are a couple.

    I don't use a 5-10 pip profit goal by how. I was just saying that these amounts will almost always create this kind of response and that is proof that there are a lot of orders placed at these amounts. For me, a 5-10 pip profit goal is not sensible, for the reasons you've pointed out, but I am sure that there would be a few traders out there which have made...
    All the better if you've found something which consitently works for you.

    I'm certainly not in the pattern of discrediting peoples attempts on the basis that they exchange differently from how I create my talk. In reality I'm not even sure why I reacted to the ideas of short term pivots.

    Nevertheless, all of the best.

    regards

  7. #27
    Junior Member hugominola1's Avatar
    15
    Because mate

    All the best to you

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