More Bank Trading Strategies: http://www.DayTradingForexLive.com
Introduction to Forex Bank Trading Strategies:
This forex training video is from our latest live seminar on January 13th 2013. For over an hour and a half we break down some of the most fundamental and key strategies you must learn in order to track banking activity in the forex marketplace. Why is tracking banking activity in the FX market so important?
10 banks control over 70% of the daily volume. Therefore if you understand what direction the banks are taking you will know the next direction of the market with a very high degree of accuracy. Because the Mega-Banks control such a majority of the daily volume there is a constant struggle for liquidity.
For every seller there is a buyer and for every buyer there must always be a seller. This basic market fact forces these Mega-Banks to manipulate the market so as to induce buying pressure when they want to sell, as well as to induce selling pressure when they have the desire to buy. This manipulation is also what allows us to track their activity.
This live forex training seminar walks through the basics of how we go about tracking banking activity in the forex market, as well as tips and tricks you can use to stop being the banks victim and start profiting from the daily moves that they create.
I'm sorry but this is an indicator from our members area. You should be able to find an indicator that does something similar through. I would recommend doing a google search. If you're a member of DTFL, then please watch the intro video as that will walk you through how to download the indicator.
We term it as market manipulation but that is just a phrase we use. You could also describe it as a search for liquidity, stop hunt, testing buyers/sellers etc. The point I'm getting at is that the reason we see this happen varies from setup to setup. Therefore, you will have some that have higher volume and some that don't.
Additionally, the forex market reports tic volume not true volume. Tic volume is at best 70-80% accurate as it's only tracking tics at the bid and ask rather than true volume at the bid or ask. As such, knowing true volume isn't really possible. The only exception to this is pulling forex futures volume, which is true volume.
I think it's great you can make the big trades but if you want to teach this stuff don't be like the other 95% of trade "educators". Learn to teach properly. Your videos are repetitive and messy. Draw more on screen and plan what you're going to say. As a nooby trader I know 2 other educators I'd go with because I can understand them and re-watch/listen to their stuff easily. Good luck. Cheers.
Sterling, I don't know why you bother replying to the negative 'a'holes. You have far too much patience. They are of the 95% and bitter for not being able to trade. They are sucking you dry of your energy. You'd get more satisfaction giving your time to those who are genuinely interested in learning . If you have to reply then just tell them, perhaps the course is not for them .
You have to remember that there are many other people watching these videos, and everyone is at different education levels. I have literally had two comments on the same video (one right after the other) where one person said I ramble too much and I need to not cover things multiple times, and the next comment said I didn't cover the subject enough. As you can see, that presents a problem.
This is why I explain things multiple times. If I do this, the people that need the explanation, get it. The downside is the people that don't need the explanation get a little bored. I would rather have them be a little bored then make videos where only people with a trading education will understand it. I hope this helps clarify why the videos are laid out the way they are.
With that being said, you have to ask yourself if you're gaining value and you believe in the strategy. If the answer to that is yes then don't worry about hearing something repeated twice. If you don't feel like you're gaining value then I would recommend going to an education service or channel that is providing the value you're looking for.
As a final note, I do appreciate the suggestions on drawing on the screen. I think that is a good idea and I'll be doing more of that moving forward! All the best in your trading.
21: as retail trader we never know everything
25: where we are in market cycle and where are high probability (manipulation) point
27: market cycle gives ibdication of next day direction
30: trade only 3 hpurs aftwr asian closed dan 3 hours at early NY session
40: why bank trader are predictable? Because retail trader are predictable.
45: monitor the market price at manipulation location (no pendong order)
48:general order flow
60: market cycle from H1 chart
You and Steve Mauro, stole these concepts from Michael Hiddleston, The inner circle trader, any one that wants to learn all that you need to know about these concepts for free, look up the inner circle trader. He is the original, and the real deal!!!! AGAIN, ALL FOR FREE!!!!
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Again, the people who watch this video come from every type of background and knowledge. Therefore explaining things a few times from multiple angles means that most will get the point. If I didn't do it this way I would have people commenting that I didn't explain things well enough. Thanks for the comment and all the best in your trading.
It really astonishes me how people that have never worked for a Bank, Hedge fund or Prop firm in their lives try and teach you what Banks, Hedge Funds and Prop firms actually do. I guess if you write a snazzy youtube title you can get 70,000 views with zero bases in reality.
First, I don't disagree with you. I DON'T KNOW for certain if a level is a high liquidity point. I would also say that even the banks cannot guarantee that a level will be a high liquidity point either. Large orders are often hidden, faked, ect. NO ONE know for certain....but then again trading isn't about certainties, its about probabilities. Probabilities combined with high reward to risk is what I teach....and I never want to convey something other than that.
As far as my "analysis of all the factors and information is incomplete", I would again agree with you. I would also say that anyone who tells you or truly thinks they have a "complete analysis" of every possible situation is either ignorant or they are being disingenuous at best. The fact is the markets are fluid and even if you could know all the factors that are moving the market, they would be different minutes or hours later. This is why I believe in simplicity of a strategy because you will never know all the information behind ever market move and trying to do so is futile.
As far as our trading strategy....long term trading success is based on probabilities, and it is not my opinion that liquidity is attracted to previous turning points in the market, this is a fact. This DOES NOT guarantee that the liquidity is there but it does give us a statistical advantage. As such we then qualify what we term as a "stop run", "liquidity hunt", or whatever word someone wants to use....and then trade that setup once a level is reached. Over the last year of doing these month end reviews I have close to a 65% hit rate and an average reward to risk of 1.5 to 1.
Your posting what "you think" are important levels but those levels are just your opinions and they are not based in the reality of what a bank or institution might be considering on any given day. There are so many factors that go into what is important and what isn't important on any given day and we don't even know what levels to deal from most of the time until we see all the data and information based around that day and even then that can change very quickly based on the market conditions in just seconds.
I respect that you are calling your levels in advance that is cool but please don't mislead people into some sense of false authority that you simply do not have. The fact is you really don't know but your making a guess based on history. Sometimes it will be correct and sometimes it will be wrong because your analysis of all the factors and information is incomplete.
Best of trades to you.
Your missing the point. Banks are market makers and this is not a hidden secret or revelation that I'm giving to the world. As such their major goal is to simply facilitate trade...IE find buyers for sellers and find sellers for buyers. As such we simply identify high liquidity point which is not a complicated process.
I don't just say that what we do works I prove it. Every night I pre-select the levels BEFORE the trading day begins. These videos are time stamped in Youtube and cannot be edited as hundreds of members see them as soon as they are posted. Because the entry technique we use is mechanical member know for certain if a trade was valid or not and they also know if it is a losing trade or a winning trade. Again, this is done in advance unlike most educators that like to teach in hindsight. I
I understand the general belief in the market is that everyone is a scam but you should do some more research before spouting off on a topic we prove to be accurate day in day out. All the best in your trading.
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My first videos were YEARS before Steve came into the market. If you search "stop run reversal" within Youtube you will see my video on market manipulation from over 6.5 years ago. This is long before anyone else was talking about the subject online. As far as being equivalent to our teaching....we have many of his past members for a reason. What we teach is a mechanical entry technique that is much easier to follow vs his random idea of patterns. Additionally I provide exact levels for members to trade from each night. If you combine pre-selected levels with a mechanical entry technique you have most all of the discretion taken out of the learning process which is why we see a great deal of success in our members. I'm not saying learning to trade is easy, I'm just saying we make it as easy as it can possibly be. With that being said learning to trade is still a difficult task no matter what.
You may get the concept quickly but there are people from all different backgrounds watching this video which is why I cover points multiple times from different perspectives. All the best in your trading.
This was great, thanks, been searching for "successful forex trading strategy" for a while now, and I think this has helped. Have you ever come across - Manylan Ranackenzie Breakthrough - (should be on google have a look ) ? Ive heard some incredible things about it and my neighbour got cool results with it.
We just posted a new article under the 'forex articles' tab on the website...you can check that out for more info on robots. I'm personally not a bit fan of them and think they are one of many forex scams. I've been in this market for close to 9 years and I've never seen one be consistently profitable. I'm always open to being proven wrong. All the best.
We use the hourly chart to look for the cycles. We want to see a push that is around 90% of the average daily range to consider it a push and expect the next days push to be in that direction. The level they push from is a different story but its is almost always from a significant point where there was buying or selling in the past.
Cont...Scroll down half way and you will see a post titled "Forex Trend Trading - Part 1". Watch that 3 part series and market cycle and out strategy all together will make a great deal more sense to you. If you cannot find it just shoot us an email and we will send you the direct link.
Yes the market moves in larger cycles such as the daily & weekly charts. For example look at the EUR/USD on the weekly chart. Ever since 2008 every move up or down has been a cycle of three. For the purpose of tracking banking activity on a daily basis however, we use a small cycle that occurs over the course of 3 to 4 days on average. There are different rules to the cycle that help you better identify it. If you go to the site linked above and click on the tab "forex videos"
If the market moves normally in a 3 cycle formation, is that on a daily time frame such that you then have an idea of direction for the following day, or do you use a lower time frame for the 3 cycles - that is what confuses me, what time frame do you look for the 3 cycles on?
There is a ton of info on the site that details it further. Go into the forex videos section and then scroll down to find the three part video series I put together. If you have't seen it, it will help a great deal. If you cannot find it shoot us an email at [email protected] and I will email it to you directly as I can't put links in comments. You can also find it in our youtube videos if preferred.
I use FXCM with their Non-Dealer Desk Account (micro account). I'm pretty sure they are a good broker, but they only offer NDD accounts in the micro context. All the bigger accounts are dealer desk (I think?). The spread difference between the NDD account and the others is over 1 pip, which seems like a lot,.. but I assume it compensates for commission prices?
I get what you're saying about bank manipulation. I wish I could see it better in the charts, though...
What broker do you trade with? The big picture is not the broker. In all actuality the brokers simply report the price feed they are given. The main key is identifying bank manipulation as this remains consistent no matter the broker you use. It is preferable to trade with a broker that does not trade against you like you mention. One quick way to tell if you have a good broker or not is to see if they have a "counter-party agreement"....if not then they are one of the better ones for sure.
You can go to our site using the link in the description. Then click on videos and scroll down. You will see the three part video series in there as they are all labeled part 1, part 2, or part 3. If you cannot find it please email us directly at [email protected] and I will send you the direct link. All the best!
There is a link to the site below the video. If you click on that one of the main tabs is "forex videos". Click on that and it will bring up all our education videos. If you look in there you will see the three part series labeled Part 1, Part 2, and Part 3. I would link to it directly but youtube will not allow links in comments. If you cannot find it please email us at [email protected] I will send you the direct link. Happy Trading.
Hey Jared....I agree if someone thinks the learning process is short then they might as well move on. Learning to trade takes time, and a great deal of support. That's something most educators won't say because quite frankly it doesn't sell well :) The main point I think Andrew was getting across is that there needs to be a clearer direction for the webinar. Obviously the Q&A section is going to bounce around but the main points could be more clearly laid out...and I agree. Happy Trading!
Hey Andrew....we appreciate the comment and the thoughts and quite honestly I agree. One of the things I try to do with the videos is keep a bit more focus as well as keep them shorter (except for when its a webinar). Either way keeping it more clearly on a specific topic is helpful without a doubt and we appreciate the feedback. Shoot me an email at [email protected] ... I'm always interested to hear about others strategies. Happy trading!
Any broker that is not an ECN has a dealing desk. They have to but what most have tried to do is truly put your orders out to the market and eliminate the desk. However that if they cant get your order filled they will take the other side of your trade. Their point is that there is not somebody at the desk that may be trading against clients but the desk still exists. Since brokers in the past known to trade against clients they have changed due to competition trying to keep their clients
If you watch about the first 10 minutes of the video it explains the first point. The video discusses quite a bit more than just the first point made about mainstream trading strategies. All the best.
Traders are overwhelmed by all the BS that is out there, I agree. Which is why we have many members that have a ton of baggage to discard before they can trade the manipulation of the big boys. There is so many of those selling crap systems promoting the get rich quick BS its pathetic. Forex is not what most educators will tell you. Its a process that can have very good gains but only if you have the dedication and discipline to follow your plan. Can we agree that all markets are manipulated?
Concept and trading strategy good just a pity the presenter style and speaking ability is not on standard. Suggestion - speak more fluently with less pauses it tends to break one's concentration otherwise good
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