Do you want to be profitable or not? Would you like to have the minimum risk and the maximum profit factor? First of all this post is not to sell you something now or in the future. I just want to share and debunk the Forex myths. This is something instructors never tell you about Forex. So this is the only way to do it in Forex, this is how i did it after some years. There is no other way to become a forex elite trader. Institutions and hedgefunds do it this way, and now i will share it to you. After this you will see why most of retail traders end up giving their money to the brokers due to this big advantage. how do i know this? i worked for them What everybody (retail traders) know or they think they know, is that exclusively what moves the market are the technicals and/or the fundamentals. So they just know about Technical Analysis and Fundamental Analysis. But the truth is Technicals dont drive the market, neither Fundamentals, not at all. Thats why Gartley or other patterns fail (technical fails). Thats why after news we get the opposite move of what it should be (fundamental fails) . The only thing that really moves this market and every other is the Supply and Demand. In other words, what truely moves the market are the High Volumes (the Big Buying or Selling orders from institutions like Banks or Hedgefunds). So if there is more money in the Buy side, the price eventually moves up, and if the flow is bigger for the Sale side, the price moves down. Unfortunately not everybody is available to play at this level because it would be good for you, and bad for your broker, the one who wants your money. So they just offer something to give you minimum possibilities of winning called MT4. Thats why 90% of the retailers fail in this business. Now you can join the top and do it too. I can see where the Big orders are, at what prices institutions want to buy or sell... and most of the time (almost always, 90% of the time)when these prices are touched and their orders get filled, guess what? the price moves more than 10 pips or 10 at least. Enough to get profits consistently with a minimum risk. That is all for now, so if you want to test this method of checking the Bids and Offers (buying and selling orders) i see from institutions, you can test it by yourself and start to beat the market. i will share levels here everyday Stay posted
Forex EURUSD bids and offers for today Offers: 1.1215, 1.1190, 1.1175, 1.1110 Bids: 1.1000, 1.1035, 1.1065, 1.1085
Sorry I don't totally understand what you are saying. Many of these levels are at significant technical points so there would be lots of orders there. They may run passed because desks are running stops but to say technicals don't matter is not true.
hi andyjenks, sure, there will be lots of orders there most of the time, but do you know what side will it go? do you know if they are buying or selling? do you know if they changed the bias? thats how it helps technicals are all created by order flow as well as fundamentals, so they dont matter for me at all. You can always use what fits your style and you are comfortable with. I am sharing my perspective greetings
if I don't get stopped out at 1083 I want to sell a small amount at 1025 and that will be a full load