How banks push price against you?
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Thread: How banks push price against you?

  1. #1
    Call me nuts but this is what actually happens: FX dealers have ALL your data, regarding position size, price entry and SL levels. This advice is given to the liquidity providers (Deutsche Bank, JPM and so on) and they can easily push the price until you get stopped out.
    When you have traded FX for some years I don't believe this info is too surprising for you.
    Price goes from the path in which it can cause maximal pain.
    (I want to add, this isn't true for all of the markets for eg. Bond market but FX since here would be the most little fish.)

    Just think about it. The banks have perfect knowledge of the markets, meaning that they have of the information available about them. They all know EXACTLY what is the fundamental story, how they should be set up, the way the technical image looks, so where they ought to add positions to their long-term trades (remember, they cannot trade short term profitably due to their size unless there's someone to SKIN) so my point is, there's very little space to compete against each other at the mid-term, they rather keep long term trades AND f*** all the tiny traders in the brief run. This is the way they make money.

    If you have more insight on this topic please don't be afraid to share this information!

    With regards:

  2. #2
    Quote Originally Posted by ;
    resembles the casino has been rigged. . Possibly the thin foil hats were correct after all... http://www.reuters.com/article/2014/...A0E0JH20140115
    The above link should be of interest. I'm not surprised as well as the stakes are so high I'm convinced it has always been the same and always will...

  3. #3
    Quote Originally Posted by ;
    quote The preceding link should be of interest. I'm not surprised and the stakes are so large I'm convinced it has ever been the same and always will...
    Gentlemen, does someone actually looks closely into these evaluation articles to figure-out the nature of the rig-up?! Most of the time is like before-weekend libors or interbank swap rates rigged up for just like 0.000005percent (they things for a billion dollars turn-overs, ok). But it isn't like a trader puts his SL in 10 pips on the current price with his over-dued, overly-stretched and overly-leveraged account and get hurt. In that term - many retailers can't even sense that the manipulation of their market- they blow their accounts with their own actions.

  4. #4
    Quote Originally Posted by ;
    The banks have all the information about the order flows.The only thing bank traders care are their bonuses. They utilize the advice about the orders not to do harm to the other traders, but simply to earn money. Quit gunning (hunting) is completed for two main reasons: to make fast bucks or to find liquidity. Thta's in general.
    Absolutely!

  5. #5
    Don't worry that the big men eliminate trading also

    http://www.reuters.com/article/2013/...9AK01C20131121

    Goldman Sachs dropped 1.3 billion at the 3rd Quarter of 2013, so only a couple months ago. Someone on FF hurried their stops

  6. #6
    Quote Originally Posted by ;
    Do not worry that the big men lose trading also http://www.reuters.com/article/2013/...9AK01C20131121 Goldman Sachs lost 1.3 billion in the 3rd Quarter of 2013, so only a couple months ago. Perhaps someone on FF conducted their quits
    The problem most people have is they believe bank traders have some astounding market power or some extraordinary analysis skills, and are always more intelligent than every retailer out there. Wrong! :-)

  7. #7
    Your broker doesnt care about your mini or lot stops. Traders will ruin their accounts all by themselves given enough time.

  8. #8
    Quote Originally Posted by ;
    quote The difficulty most people have is they believe bank traders possess some immense market power or some outstanding analysis skills, and are necessarily more intelligent than every retailer out there. Wrong! :--RRB-
    You are correct. Listen to what this former Goldman Sachs trader has to say about how much training he got before they told him to trade it and handed 10 mill to him.


    Inserted Video

  9. #9
    Quote Originally Posted by ;
    quote The problem most people have is that they believe bank traders have some immense market power or any outstanding analysis abilities, and are necessarily smarter than every retailer out there. Wrong! :--RRB-
    In fact they are smarter than 99% of Currency Market retail traders, that's why they are selected to operate there. That is in general, of course, there are a few exceptions in both parties

  10. #10
    I really like this thread. I used to think that there wasn't any way to earn money trading Currency Market. I would loose transactions. Even what I believed were the trades that were ideal could get stopped out with a margin of just a few pips. How could this happen over and over if there aren't any stop seekers? Where trading is sold in, this is. It is more of a baseball match to acquire a position in the direction you think price will go. You have to consider a couple of steps ahead. I for one have come to LOVE market manipulations and cease hunting. It's given me some of the most profitable transactions. Look at it this way, you can enter a trade during a cease run so what's wrong with stop hunting? Have you noticed how the market scre towards a huge support/resistances level to spike through the level by 15 pips or whatever, then turns around and transfers 100s of pips in another direction? Chess game...

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