Did you worked in big financial institution trading room? or visited there?

Have you programmed a Bid/Ask software algo? Or seen one at work?

G.

Yes  really cool for sure! I’m certain we will be doing some groundbreaking stuff here

Thanks for the suggestion GG
I moved the market maker and volume related discussion to its own thread:
http://penguintraders.com/forums/topic/market-movers-and-shakers/

Thanks for starting it and for all the thoughts and ideas. It’s extremely interesting! 

There are some trading platforms that provide Level 2 DOM.

I think Ctrader have it, but not sure, and there are some other.

G.

There are some trading platforms that provide Level 2 DOM.

I think Ctrader have it, but not sure, and there are some other.

G.

ADMIN:

Market Movers and Shakers is a very interesting subject, but doesn’t really belong here.

Please create a proper thread and move the relevant post there – where everyone can comment on the proper thread subject.

Thanks.

G.

ADMIN:

Market Movers and Shakers is a very interesting subject, but doesn’t really belong here.

Please create a proper thread and move the relevant post there – where everyone can comment on the proper thread subject.

Thanks.

G.

Brokers & Financial Institutions doesn’t use MT4….

They can see Level 2 and Level 1 DOM – which means they can see pending orders, price & lots per each pending order.

If someone puts 50 mil. pending order to buy EURUSD 20 pips away from current price – they can see it.

The market will react to such an order, or consecutive smaller ones in…[Read more]

Brokers & Financial Institutions doesn’t use MT4….

They can see Level 2 and Level 1 DOM – which means they can see pending orders, price & lots per each pending order.

If someone puts 50 mil. pending order to buy EURUSD 20 pips away from current price – they can see it.

The market will react to such an order, or consecutive smaller ones in…[Read more]

Not true.

Limit orders are the cheapest way to manipulate the market.

Market Makers are using it all the time. Relying on DOM can be a death-trap. Limit orders are NOT an obligation, and can be canceled at any time.

You can put a limit order of considerable sum and at the last minute, when price comes to where you want it to be  – cancel…[Read more]

Not true.

Limit orders are the cheapest way to manipulate the market.

Market Makers are using it all the time. Relying on DOM can be a death-trap. Limit orders are NOT an obligation, and can be canceled at any time.

You can put a limit order of considerable sum and at the last minute, when price comes to where you want it to be  – cancel…[Read more]

Not true.

Limit orders are the cheapest way to manipulate the market.

Market Makers are using it all the time.

You can put a limit order of considerable sum and at the last minute, when price comes to where you want it to be  – cancel it.

That’s market manipulation, it’s done all the time by market makers and movers, and it cost them…[Read more]

Currency “market share” is your “pipe diameter”.

G.

Currency “market share” is your “pipe diameter”.

G.

I’ve been there and I can tell you how it’s done.

They are spreading small volumes on everything that against the USD. The purpose is to go undetected by volume surges in one or two currency pairs, otherwise others will notice the “trick” and not fall for it.

They have a computer software to distribute the chuncks in smaller lots and in the…[Read more]

I’ve been there and I can tell you how it’s done.

They are spreading small volumes on everything that against the USD. The purpose is to go undetected by volume surges in one or two currency pairs, otherwise others will notice the “trick” and fall for it.

They have a computer software to distribute the chuncks in smaller lots and in the…[Read more]

Right, I was thinking along the line of sum of forces. Strength is the measure of how much of an opposite force can be applied before something breaks. So in currencies, strength would mean something like how much force a currency can take before switching directions. So in return, strength is directly proportional to force I think. If we can…[Read more]

Remember that Momentum is a physical force – it needs a greater force in the opposite direction in order to stop and reverse it.

G.

This might bre good to predict currency pair movement, but not currency strength.

G.

Looking at this made me think the importance of time when determining strength. It’s like how fast a price level is rejected might say something of the underlying strength/weakness. So the candle wick size and the number of M1 bars (minutes) it took to form that wick might be enough to determine the force which was applied. Yea? More ideas to test.. haha