Any Volume spread analysis / Wyckoff traders?

I would assume that the higher the liquidity (EURUSD) the least visible such manipulations are?

Thalantas posted:

About your system, most of your chart posted here were on GBPJPY, any reason for that? Is it dependent to certain currencies?

Hello my friend!

Volume spread analysis / Wyckoff methods work in every free market as long as you can get volume (or reliable tick volume data for currencies). I've been focusing-only on GBPJPY for 2 years now (I do -watch- other related pairs like GBPUSD, USDJPY and of course EURUSD) after reading some article (I don't remember where ) about how the different instuments in the financial markets would behave different, all having different personalities and 'usual' moves. Befor that, I was trading like 10 different pairs, getting all crazy with my watchlist and for many years that didn't work well for me.

As for why I choose GBPJPY it's just because Im in love with her personality. It's a wild instrument, so I learned to show her respect.

Thalantas posted:
I would assume that the higher the liquidity (EURUSD) the least visible such manipulations are?

Hmmm haven't think deep of this honestly, I believe non liquid instruments are manipulated more easly. EURUSD is like the center of attention of a lot of big-money-bank-traders, they usually need to act together to make a more dramatic manipulative move in those high liquidity instruments, which we would think its difficult as many of them are really in competition to each other (traders from Goldman Sachs vs traders from other banks vs traders from other hedge funds, etc) but the reality is that they act together, seems like they objective is to take money from the retail-uninformed trader.

In this thread I posted a link to an article that talked about some recent news of 'traders from different banks using the bloomberg terminal/platform's chat tool (between the users, who usually are big money pro traders from banks, hedge funds,etc) to set manipulative moves by giving each other their custumers and other retail trader's positions in the market.

For example: they know where a bunch of stop loss orders are, then they move the price to that level, stops begin to get triggered so they accumulate more orders and then the price shoots up or down.

CrazyTrader posted:
All we need it's Price Action... it doesn't matter the pair.

Yes, the pair really doesn't matter, you can be successful trading any pair (or pairs) you want. It's interesting, every pair is the same but different at the same time. I mean, every pair (every market) moves because of the law of supply and demand. That's it. But at the same time, every pair (every market) reacts different (I mean more quiertly or wildly) when the imbalances of supply/demand occurs.

Rubn posted:



In this thread I posted a link to an article that talked about some recent news of 'traders from different banks using the bloomberg terminal/platform's chat tool (between the users, who usually are big money pro traders from banks, hedge funds,etc) to set manipulative moves by giving each other their custumers and other retail trader's positions in the market.

Here is an article with more details of the instant chat messages between the pro traders:

https://www.bloomberg.com/news/2013-11-28/trader-messages-scrutinized-as-ubs-bans-chats-among-firms.html

@Rubn Thanks but I did see it already. I am subscribed to Forexmagnet's RSS :D

I can't believe that these traders named their BBG Group with such obviously stupid names. These people are more than ever disconnected from the economy/real world.

I don't believe that their manipulation are related to your SL/TP hunters. This was only connected to the index generated by Reuters, the instants before it was 'closed'.

I would say 2 things:
The first one I agree with you and I the other I don't.

First one it's about the personnality of each pair. I don't remember if I have also read it or not... but I would say I simply noticed it time to time. Once you know it. It will be easier to get some pips from it... that's sure.

The second thing where I don't follow you 100% is the fact that money maker are chasing our stops. I mean at first, Forex wasn't available for retail traders and I guess price mouvement always has been the same way. Even they see or simply guess where th SL are located (below support / above resistance), this won't change anything.

Because trading is about timing. To get the right order in forex market isn't that hard. Once it is opened, it becomes suddenly so stressfull especially watching at screen.

Let's take an example with your trades. You simply get out on positive SL because you moved your SL too early! No matter if you think they will make the price drop to chase you... if you are smarter than them you wait the last pullback before adjusting your SL. If you achieve the right timing... you will never think anymore that someone is against you at trading.

Thalantas posted:
@Rubn Thanks but I did see it already. I am subscribed to Forexmagnet's RSS :D

I can't believe that these traders named their BBG Group with such obviously stupid names. These people are more than ever disconnected from the economy/real world.

.

Its almost incredible right? So 'prestigious firm's names' and yet this kind of behaviior... seems too childish and foolish from they part.

Thalantas posted:

I don't believe that their manipulation are related to your SL/TP hunters. This was only connected to the index generated by Reuters, the instants before it was 'closed'.

Yes, I was giving some kind of examples, you are right, its stop loss hunting is not related to those recent news. However I really think it exists. What do you think?

CrazyTrader posted:
I would say 2 things:
The first one I agree with you and I the other I don't.

First one it's about the personnality of each pair. I don't remember if I have also read it or not... but I would say I simply noticed it time to time. Once you know it. It will be easier to get some pips from it... that's sure.

The second thing where I don't follow you 100% is the fact that money maker are chasing our stops. I mean at first, Forex wasn't available for retail traders and I guess price mouvement always has been the same way. Even they see or simply guess where th SL are located (below support / above resistance), this won't change anything.

Because trading is about timing. To get the right order in forex market isn't that hard. Once it is opened, it becomes suddenly so stressfull especially watching at screen.

Let's take an example with your trades. You simply get out on positive SL because you moved your SL too early! No matter if you think they will make the price drop to chase you... if you are smarter than them you wait the last pullback before adjusting your SL. If you achieve the right timing... you will never think anymore that someone is against you at trading.

Thankyou for your honesty my friend, I really appreciate it.

There are so many fake breaks that (to me personally) it seems very akward, when you look at the volume you can get an idea of how much effort did it take to a price to break thru some level, in this way you would be able to follow the foot prints of those who are moving the market. In this methods you learn this since day one that we (retail traders) dont represent a big volume value of the entire market. In this thought , 'Smart Money' (as VSA calls the big players) represents almost the whole amount of volume in the markets, when volume is high it represents that Smart Money are very active... when a fake break occurs and price reverse with big volume spikes you can almost see the Smart Money's intentions of running thru the break of some level, catch stops and then reverse the movement. This is what I believe by following VSA/ Wyckoff methods, of course is just my humble opinion.

One thing to take in mind is that I do not believe they make trends, I mean large timeframe trends. But they can surely move some 'little pips' using their money power.

Rubn posted:
...Yes, I was giving some kind of examples, you are right, its stop loss hunting is not related to those recent news. However I really think it exists. What do you think?

I really need to find again this website. Some guy offering an internet platform to see the SL and TP of the retail traders of a Forex Broker (he won't give which broker are letting him leech the data).

He asks a monthly subscription in exchange but I bet this could strengthen your system.

Thalantas posted:


I really need to find again this website. Some guy offering an internet platform to see the SL and TP of the retail traders of a Forex Broker (he won't give which broker are letting him leech the data).

He asks a monthly subscription in exchange but I bet this could strengthen your system.

Really?? 😲
Are you sure is not a type of scam? I don't think brokers/dealers would reveal real info that easy😲

I'll look for that tonight or this weekend and come back to you 😉

Thalantas posted:
I'll look for that tonight or this weekend and come back to you 😉

Ok, thank you very much! 😀
Although you can usually know where the average stop losses are by watching at the chart and study crowd behavior , it would be interesting to take a look at that website 😀

Can you imagine the easy money you would make by gaining access to the multibank's chatrooms in Bloomberg's terminal that PRO traders use to set manipulative moves?

Oh See.. I have seen this as well... probably 2 weeks ago... but I don't remember where.

Anyway.. for the fake breakout with low volume... as you know the pair is up... well then it's good to place a Buy limit there to to be in the move with them then.

CrazyTrader posted:

Anyway.. for the fake breakout with low volume... as you know the pair is up... well then it's good to place a Buy limit there to to be in the move with them then.

Yup, pretty much. It is a little more complicated in the practice though.

I like to wait for a confirmation that the break is good or fake.

Rubn posted:

Thalantas posted:
I'll look for that tonight or this weekend and come back to you 😉

Ok, thank you very much! 😀
Although you can usually know where the average stop losses are by watching at the chart and study crowd behavior , it would be interesting to take a look at that website 😀

Can you imagine the easy money you would make by gaining access to the multibank's chatrooms in Bloomberg's terminal that PRO traders use to set manipulative moves?

Just not to confuse anyone, professional traders who have bloomberg do *not* have access to a multibank's chatroom.

The legal case was 5 traders in 5 different banks who shared a private bloomberg chat; as of today, they all got fired (including their direct manager) and they have a lawsuit from the FSA and probably their own ex-employer.

Thoses noobs traders used private bloomberg chat... lol.

what ?

Rubn posted:

Thalantas posted:


I really need to find again this website. Some guy offering an internet platform to see the SL and TP of the retail traders of a Forex Broker (he won't give which broker are letting him leech the data).

He asks a monthly subscription in exchange but I bet this could strengthen your system.

Really?? 😲
Are you sure is not a type of scam? I don't think brokers/dealers would reveal real info that easy😲

yeh scam