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Interesting Zero Sum Game
Oct 06, 2016 at 15:32
xgavinc posted
...
A myth in Forex trading is that for you to win, another trader must lose... this is simply not true, exchanging currency on returning from your overseas holiday (may gain or lose a bit, a lot of bits move rates, hence moves in price), issuing bonds (at an agreed price) also moves price, etc... it's simply not trader vs. trader (so be nice to fellow traders, they are not your enemy :-D). Wall Street shows make it seem like one trader's win is the other trader's loss, when in fact it's a competition for all traders to win the most, the competition is for highest bonus payouts. Chances of direct counter party trades with a fellow trader, and even less with a trader you know, is infinitely low. I somewhat digress...
I Like your explain 😁
xgavinc posted:
The rabbit, like me, is long gold... 😭
Damn you turtle!
Long gold ? I am betting USD 😇
NFP tomorrow, my BE is ready to surf. Let's see the result. 😎
I don't throw darts at a board – I bet on sure things.
Oct 07, 2016 at 08:31
togr posted:
And explain this!
Something big has just happened on the GBP, with a spike down of 1000+ pips, the reasons behind the movement are still largely unknown.
Yeah, I had my eye on gold... then all of a sudden GBP took a dumpster dive and brought near margin call. Closed out and funded account. Took an 84% knock today 😲
For every loss there should be at least an equal and opposite profit.
Oct 07, 2016 at 08:49
I know GBP will dropping lower so i set BE in my GBP order and i loss nothing 😈
Reason:
Traders and strategists said the initial catalyst for the pound's drop came from remarks by French President François Hollande in Paris, who called for tough exit negotiations in comments cited by Sky News. His comments came early in the Asian session, where light trading volumes likely exacerbated the move, they added. As the pound's descent worsened, it broke through technical levels that likely triggered further selling from trading strategies based on algorithms, traders said.
Sorry to hear that 😲
togr posted:
And explain this!
Something big has just happened on the GBP, with a spike down of 1000+ pips, the reasons behind the movement are still largely unknown.
Reason:
Traders and strategists said the initial catalyst for the pound's drop came from remarks by French President François Hollande in Paris, who called for tough exit negotiations in comments cited by Sky News. His comments came early in the Asian session, where light trading volumes likely exacerbated the move, they added. As the pound's descent worsened, it broke through technical levels that likely triggered further selling from trading strategies based on algorithms, traders said.
xgavinc posted:
Yeah, I had my eye on gold... then all of a sudden GBP took a dumpster dive and brought near margin call. Closed out and funded account. Took an 84% knock today 😲
Sorry to hear that 😲
I don't throw darts at a board – I bet on sure things.
Oct 07, 2016 at 08:54
McLeonis posted:
I know GBP will dropping lower so i set BE in my GBP order and i loss nothing 😈togr posted:
And explain this!
Something big has just happened on the GBP, with a spike down of 1000+ pips, the reasons behind the movement are still largely unknown.
Reason:
Traders and strategists said the initial catalyst for the pound's drop came from remarks by French President François Hollande in Paris, who called for tough exit negotiations in comments cited by Sky News. His comments came early in the Asian session, where light trading volumes likely exacerbated the move, they added. As the pound's descent worsened, it broke through technical levels that likely triggered further selling from trading strategies based on algorithms, traders said.xgavinc posted:
Yeah, I had my eye on gold... then all of a sudden GBP took a dumpster dive and brought near margin call. Closed out and funded account. Took an 84% knock today 😲
Sorry to hear that 😲
Thanks. I'll recover, but it will be slow. Closed GBP and JPY charts till brexit is finalized... there is simply too much uncertainty there.
For every loss there should be at least an equal and opposite profit.
Oct 25, 2016 at 06:37
The prices move similarly to an auction, I my opinion. There are bid and ask prices offered by the market participants and the actual filling volume is completely different element of the equation. We should always have in mind also that what we see is the so called top of book price...
Once a trader, always a trader!
Oct 25, 2016 at 06:37
togr posted:
And explain this!
Something big has just happened on the GBP, with a spike down of 1000+ pips, the reasons behind the movement are still largely unknown.
I think HFT algorithms are involved here. They never sleep, unlike us who can lose money in seconds in such situations.
Once a trader, always a trader!
Oct 25, 2016 at 06:53
LLewis posted:togr posted:
And explain this!
Something big has just happened on the GBP, with a spike down of 1000+ pips, the reasons behind the movement are still largely unknown.
I think HFT algorithms are involved here. They never sleep, unlike us who can lose money in seconds in such situations.
well if you open trade at current rate you wont move price
but if you place pending order the price will move closer to your bid/ask for order to be fulfilled
Nov 01, 2016 at 14:59
togr posted:
The point is if at every moment there are equal buy/sell orders (as each order needs counterpart to execute) how could this move th e price anywhere
The prices we trade at are moved and defined by the market makers - banks, brokers or other liquidity providers. They move it up or down based on their demands/strategies. What we see in the charts is the aggregated best bid and ask price from the liquidity pool.
Nov 02, 2016 at 07:30
mr_cenk posted:togr posted:
The point is if at every moment there are equal buy/sell orders (as each order needs counterpart to execute) how could this move th e price anywhere
The prices we trade at are moved and defined by the market makers - banks, brokers or other liquidity providers. They move it up or down based on their demands/strategies. What we see in the charts is the aggregated best bid and ask price from the liquidity pool.
Sounds about right
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