The “whales” control direction of prices and have no rules.
You must know this now.
You have no control or ability to out “strategize” the few massive capital pools that truly control currency prices. These whales are the G-20 nations, huge private financial banks, (Federal Reserve, Bank of England, Bank Of Japan, et al) , their surrogates ( Goldman Sachs, JP Morgan Chase et.al) and huge hedge funds (Soros et al). They are after one thing. They want to take your money and any others so foolish as to believe that they can out think them.
This objective is accomplished with sophisticated computer programs as they move their currency prices up and down by percentage points. You meanwhile are trading for a few hundred pips. ( .0001) They can stay down for far longer than you . Their ascent is often filled with dips that appear huge to you, the retail trader.
Whether you are a new trader or a seasoned trader yet are still having frequent trader’s remorse due to poor entries this lesson will help you . The Institutional Buyers ( IB’s ) and Sellers ( IS’s) set prices, control prices, and disguise price direction. Moreover they have all these rules that they generously share through brokers and forums that you are taught. In our experience it as if they say to you “Let’s send you the the gallows and let you spring the trap door.”
These whales’ rules have traders congregate at precisely the wrong areas . Whales’s Objective : set up a nice group of orders waiting for them to devour when they are ready. They spring under the cover of news announcements , overlapping sessions, and then on occasion when unexpected.
If you are a supply and demand trader I am sure you have been taught ?“do not sell in a defined demand zone.”
If you trend trade how many times have those break out failed you? 8 of 10 perhaps higher
If you trade pivots at that precise price…. how many times does that work for you? 1 out of 6 maybe I have recently been told.
So learn this rule today Forex trading with Institutional Buyers and Sellers has no rules. Beating them must achieved a different way.
Forex trading with Institutional Buyers and Sellers requires that you know where THEY want to buy and sell . Good technical charts tell you where those levels can be seen but ….
Retail traders rarely consult the correct charts that give you the keys to knowing where these levels are. IB’ers and IS’ers create rules shared with retail traders to confuse and disguise their movements. They have their soldiers teach these rules freely. Google search ( Free Forex Training)
So
- Those indicators you are using please forget about em.
- Those trend lines and moving averages things of the past
- Zig zag, Fibonacci, have been whale “programmed” to be defeated by the whales you strive to defeat.
- Those EA’s that work for a time only to fail when you get more comfortable and increase lot size. Drop them like a hot potato.
If you want to get a true Traders Edge as you become the casino not the gambler, watch this video, follow its result over the next week and then take a course with us.