ProchargedMopar's Trading Trilogy

[prochargedmopar]

thx.

+12.x here off m1 dealing range extreme. If you can call m1 being at an extreme.
Notice in the 2nd pic, the white lines have been on the chart since tue and were drawn off an H1 chart.

[prochargedmopar]

Price is either making new highs/lows, or reversing from them.

[prochargedmopar]

Trade Mechanics:

It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.

As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no ?market makers? on the Interbank; only speculators and hedgers.

Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:

?Originally posted by Darkstar at Forex Factory.?

http://www.forexfactory.com/showthread.php?t=7484

http://www.forexfactory.com/showthread.php?t=5809

http://www.forexfactory.com/showthread.php?t=8046

[prochargedmopar]

Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion?s share of Forex transactions are done as a function of international business.

The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi?s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn?t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.

[prochargedmopar]

Interesting gap on e/u.
1/2 off at 15.

[prochargedmopar]

Nice RAT trade on g/u.
I'm testing the "DarkSlateBlue" Rat.
After 1.5 weeks of using MBNavigator, I'm liking the fast execution and no funny business that I had with FXCM.

[aliassmith]

Nice RAT trade on g/u.
I'm testing the "DarkSlateBlue" Rat.
After 1.5 weeks of using MBNavigator, I'm liking the fast execution and no funny business that I had with FXCM.

I was actually contemplating moving to FXCM UK if the 10:1 leverage
goes through. Thanks for your feedback about them. The broker I
use now is decent and works for my testing account size. I guess I
can trade at 10:1 if need be and still do well. It would probably keep me
out of trouble also

[prochargedmopar]

Nice RAT trade on g/u.
I'm testing the "DarkSlateBlue" Rat.
After 1.5 weeks of using MBNavigator, I'm liking the fast execution and no funny business that I had with FXCM.

I was actually contemplating moving to FXCM UK if the 10:1 leverage
goes through. Thanks for your feedback about them. The broker I
use now is decent and works for my testing account size. I guess I
can trade at 10:1 if need be and still do well. It would probably keep me
out of trouble also

3 of my trading buddies are having the same problems.....slipping stops, slow executions on entry, ect.

One of them has the Aussy version and it's the same way now.
Weird. Customer services says they have been having issues and complaints for a while.

[prochargedmopar]

Will be nice to be a "darkslateblue" rat for the next month or so.

http://watch.bnn.ca/#clip281466

[aliassmith]

Nice RAT trade on g/u.
I'm testing the "DarkSlateBlue" Rat.
After 1.5 weeks of using MBNavigator, I'm liking the fast execution and no funny business that I had with FXCM.

I was actually contemplating moving to FXCM UK if the 10:1 leverage
goes through. Thanks for your feedback about them. The broker I
use now is decent and works for my testing account size. I guess I
can trade at 10:1 if need be and still do well. It would probably keep me
out of trouble also

3 of my trading buddies are having the same problems.....slipping stops, slow executions on entry, ect.

One of them has the Aussy version and it's the same way now.
Weird. Customer services says they have been having issues and complaints for a while.

Thanks for the "head up".