Patience, Emotion Control and Discipline.
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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Dislikedlooks it's not a good idea to short till news may be new leaked to big boys, defiantly they planing something could be shoot up or sosIgnored
DislikedJust popped back in to tell you whats going on.
To open an Institutional Account, you must have minimum US$ 1 million. The terminology changes from LOTS to YARD.
10million units is 1 YARD
Now if you have an Institutional Account, you are directly connected to the Interbank and you actually see all the volume that is available and the prices that different yards are available at.
What is happening now is that the Institutional traders are waiting on more short orders to be placed before continue buying.
Note these price levels - 1.3150 1.3165 1.3180 1.3200
At all those prices short orders are being placed to hold off the rise in the EUR but the catch 22 is this, with every short order so is a SL order placed. You cant see the SL orders, but human nature continually have a mind set as to where stops are placed.
Here are the SL orders that are placed based on human behaviour 1.3155, 1.3170 and 1.3220
So as soon as enough volume is in the market to make a good return, institutional traders, continue to buy to take advantage of all the SL orders placed.
BUY EUR to 1.3207
Im off again - helping out another room.Ignored
DislikedJust popped back in to tell you whats going on.
To open an Institutional Account, you must have minimum US$ 1 million. The terminology changes from LOTS to YARD.
10million units is 1 YARD
Now if you have an Institutional Account, you are directly connected to the Interbank and you actually see all the volume that is available and the prices that different yards are available at.
What is happening now is that the Institutional traders are waiting on more short orders to be placed before continue buying.
Note these price levels...Ignored
DislikedTrying again.. SL just above previous high.
I don't even want to look at it anymore, going to bedIgnored