gamma;[I said:
1593612]Instead of the question:
How do big players trade?
Try
When do big traders trade and why?
It will go a long way in explaining why a lot of technical analysis does not work and will put paid to the myth that Forex is a zero sum game
[/I]
I read the thread and lost the will to live, till this post.
that post is very perceptive, albeit lacking some information.
I was a spot broker in the interbank mkt for many years, i've posted videos of where i used to work- see the Pressure thread.
To all the muppets who think they're stops are getting hunted- you're wrong!!
The traders that move the mkt, have no interest in the retail mkt.
In all honesty, if you'd have seen the ******s that i had to deal with, you would not get so hung up about the big boys.
Most of their trading, is off the back of customer orders. They are not speculating. Its very easy being the yen trader at a japenese bank, not so easy being the aussie trader at a japanese bank.A major jap bank will quote to industry, i.e Sony, Toyota etc. These organisations will require a quote for exchanging say, dollars for yen.The poor sap who trades aussie WILL have to speculate, because he has no natural orders.
Yes, the american banks and houses like to trade in size.Here's where i disagree-My view, is that only by technical analysis, can you see the footprints of the big boys.
If your losing money, its not your broker. You simply can't read a chart.
All the best.