I have been trading for many years, and the conclusions that I have made on the basis of my trade will try to outline the prospects, maybe someone will help:
1. My opinion is that quotes in the Forex depend on the quotations of futures contracts (it is believed that the inverse relationship, arguing is not ready, do not know)) - the essence remains the same.
2. I tried to trade "inside the day" on a glass of quotes in QUICK - it turns out not very well - MM can put "pending orders" to entice the crowd to move in a certain direction, and within a second to remove all orders - unfortunately, checked on your own account. In addition, I have a clear belief that MM has access to "insider information" Otherwise simply CAN not explain that he pulls orders in the direction of loss for the crowd, although at the same "distance" and in the same volume are orders for profit. (when you put a "STOP order" it is displayed in the glass as a pending order either to buy or to sell - a simple market participant DOES not determine - loss is for You or profit) but MM, having access to the software - these data can take - based on the data - what order numbers match in the glass .
3. On market not two, and THREE stakeholder - seller, buyer and exactly - "a ghastly")) MM. When the end of the purchase or sale of large participants, and the market is still a lot of small participants who want to buy or sell - it provides ITS liquidity, which then through the stop-loss takes.
I summarize: - I recommend beginners to trade while only accumulative zones (this is just the moments of liquidity MM and accumulation of volume) - they most accurately show the mood in the market and the formation of the Reversal level can be more accurately enter the position (coincidence of the Reversal Level from the Cumulative Zone + Reversal Zone from the Total Impulse Level), + stop loss will not exceed 12-15 PP.
Good day everyone!
Since I am asked questions about how you can determine the accumulation zone on the chart, I can advise you to use the following:
1. There are several leading world exchanges, the futures rate which is correlated with the exchange rate of currency pairs. Before the opening of trading on each of these exchanges is the so-called "premarket" - auction applications, the results of which is determined by the opening price of each of the securities,including futures. For Europe - a period (winter time) from 10:30 to 11:00, for the London stock exchange - 11:15-12:00 (winter time), for new York - 15:30-16:30 GMT.
During this period, most currency traders monitor the incoming orders, determine the volume in the "longs" or "shorts", held at the "premarket" and in accordance with this rebuild their applications. Just at this period and proceed all the accumulation area.
Open the history of the chart on any of the "majors" - it is very clear.
Just during this period, I RECOMMEND not to trade, and carefully observe where the positions are rebuilt by strong players, and then , at the end of the period to follow.