Yeah I like it. No one tells me what to do, I can eat when I want and go to bathroom when I want.)))
I have a pretty good Idea though. One person trades 1 market and the other person trades a different market that is correlated. For example, I would trade EURO and someone else would trade SWISS FRANC. They are 90~% correlated by the way... So if I get a signal for a long I tell you and if you also get a signal on FRANC for long we go long. If we do at the same time it is high probability of a BIG move and have high probabilty for SUCCESFUL trade because we have same signal. There are more correlated markets by the way...AUD and GOLD. etc....
Hey man, $200 a day is average salary in US and I dont have to work 8 hours a day 5 days a week and I dont have to be a slave to some guy who is making BIG money off of my hard work. I dont even know what I would do with thousands a day... Use it for toilet paper maybe.))) And this week I havent been making anything. I lost half of what I made last week. I hope that will change next week.
Yes and for this kind of trading, we need to have connections like CQG and Reuters..who provide global data of all sorts.
Don't you want to be better than average?
Why buy toilet paper? There are lots of other things too..If you are going to buy toilet paper of thousands of dollars, it will only mean that you have launched an organisation that caters to people suffering from diarrhoea
Today, I will examine the possible reasons behind big prints in the Time and sales. For this, lets see why does any institution would buy or sell huge quantities.
Analysing Big Prints
Lets try to find out several kinds of possible situations that comes with big prints. Normally, a big print necessarily means that there is a huge buyer as well as huge sellers. For example, if we see a big print at the ask, it tells us that one big guy has executed a market buy order and another big guy has supplied that buying with a huge limit sell.In this context, it can be said the former has acted more aggressively than the latter, because he used market orders.
First, lets concentrate on why he is buying. The reasons may be:
1. Entering:-He is buying to go long. In this case we can expect him to show upward aggression.
2. Exiting:-He is buying to cover his shorts. There won't be any upward aggression from his side.
3. Hedging:-He is buying to hedge his shorts. There won't not be any upward aggression from his side.
4. Absorption of selling with market buys:- He is marking up price, suddenly he finds a huge offer blocking his way. He will absorb that offer with MARKET buys if he wants to move the price further upwards.
5. Absorption of selling with bids:- He is marking up price, suddenly he faces huge market sell orders. He will absorb that selling with LIMIT buys if he wants to move the price further upwards.
When the reasons of the buyer are matched with the reasons of the seller, we can get the possible situations, and probably an idea of both the transacting parties behind the trade. Look at the attachment.
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