Market Structure Question -
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thread: Market Structure Question

  1. #11
    Hey Men,

    Thanks for the replies. I'm just having a bit of a hard time understanding why the banks stop trading in exactly 5pm NYT friday. There is a lot of money at stake and it just looks odd to me that they would stop trading entirely just because business hours have stopped. It'd make more sense if routers and ebs shut down at 5pm and didn't make it possible for them to put trades through their networks, but then I'd have thought that the banks would continue trading directly with one another.

    I'm also having a hard time knowing how...
    Currently, armed with everything you seem to have discovered, what do you do with this?

    regards

  2. #12
    Junior Member hugominola1's Avatar
    15
    Now, armed with what you seem to have found out, what exactly can you really do with it?

    Regards
    daytrading
    Well, the main reason behind the question, apart from curiosity, is that I wish to understand the exact values the huge dogs use while plotting weekly points. But also, it's been evident to me for a while now there is a way to exploit Oandas supply to fill trades at a frozen rate over the weekend.

  3. #13
    Well, if that is doable, it might be a waste to not take advantage of it.

    Go for it.

    regards

  4. #14
    Well, the main reason behind the question, apart from curiosity, is I need to know the specific values the big dogs use while plotting weekly pivot points.
    I very much doubt that'big dogs' usage Pivot points of this mathmatically derived kind in their own trading. Id like to believe that their trading decisions are made on real-world knowledge, Info about orders which are In/coming in to the market and basic opinion.

    Should they do work by pivots, lunar cycles and Fibs then.... The markets are most likely random, lol.

  5. #15
    Junior Member hugominola1's Avatar
    15
    I very much doubt that'big dogs' use Pivot points of this mathmatically derived type in their trading. Id like to think that their trading decisions are made on real-world knowledge, Info about orders which are In/coming into the market and basic sentiment.

    If they do work by pivots, lunar cycles and Fibs then.... The markets are most likely random, lol.
    Trust me, the big dogs are trading long term, short term, mid term and any other term you can think of. Just zoom into a genuine brief period and have a peek at the manner price interacts with pivot points, and you will see that there are big, big orders set at these levels.

  6. #16
    Trust me, the big dogs are trading long term, short term, mid term and some other term you can think of. .
    I didnt say they dont...


    Only zoom in to a real short timeframe and have a peek at the way price interacts using pivot points, and you'll observe that there are big, big orders placed in those amounts.
    Well, If price does this with any type of consistancy then what are you doing here? Go make your millions mate.

  7. #17
    Junior Member hugominola1's Avatar
    15
    Well, If price does this with any sort of consistancy then what are you doing here? Go make your countless mate.
    You'd be suprised how consistant they are sometimes. It's completely amazing.

    Ps There are loads people on ff that are making money from forex. Just because you're making money doesn't mean you will stop submitting.

  8. #18
    I'd argue against some precision of the typical pivots for the simple reason that specifically banks who are a part of the main liquidity providers on the market have information from within that alters their placement on a constant basis.

    The motives for entering or departing positions, the dimensions involved etc. is too diverse as for the retail trader to constantly spot those levels. Yes, maybe a an option expiry at substantial numbers may accumulate additional interest in buying or selling at a certain preconceived point but generally speaking, the buy and sell points as well as the amounts behind maintain varying broadly from bank to bank, from finance to finance based on their company levels that for the outsider can be categorized as random.

    The fx market still includes a massive part which is classed outside of speculative interest - making it very tough to predict (or bet in) for no better term (in comparison to stocks by way of instance ).

    regards

  9. #19
    Junior Member hugominola1's Avatar
    15
    I would argue against any precision of the typical pivots for the straightforward reason that specifically banks that are part of the most important liquidity providers in the market have advice from within that alters their positioning on a constant basis.
    Hey partner,

    I would recommend you to do what I propose and zoom right into a very short timeframe (1m or less), and also have a look at price action around the pivot points. You will see that there is a reaction there nearly every time. I am not talking about 50 pips, or perhaps 20 pips. It might just be 5-10 pips or maybe just a time retracement. You will also observe that very often they will generate a major turning point in the market, giving 20-50 pips. Then examine the pivot points which coincide with s/r, fibs, 00s and trend lines and you will soon observe that a number of these areas are about as near a sure thing as it gets in this market.

    View, how I see it is that short term traders put very large orders due to small stops and take profits, so alot of short-term traders collectively almost always create some type of reaction, even if it is simply a tiny bump in the path to where the market wants to go. Its what I like to call'the trader impact', and it is the most consistent occurrence I've come across in the forex market.

    I totally agree with you that there are a massive number of different motives aside from insecure ones which push the forex market, but short term speculators can be a power to reckon with when we are all on the exact same page.

  10. #20
    Then look at the pivot points which match with s/r, fibs, 00s and trend lines and before long you will notice that a number of these areas are about as near a sure thing as it gets in this market.

    View, how I see it's that short term traders put very large orders due to little stops and take profits, so alot of short term traders together almost always create some type of reaction, even if it's simply a very small bump in the road where the market wants to go. Its what I would like to call'the trader impact', and it's by far the most consistent phenomenon . .
    Your article scre novice, why act like you know what your referring to when you obviously dont? Are you really on the forum for the purpose of ego or improving your self-image? Is it functioning?

    Leon

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