My trading Journal - I MET THE ENEMY AND HE DOES NOT PLAY BY THE RULES
I thought this was a journal to write your thoughts and experiences for yourself and may be others can benefit from it. So, far I got some postings that clearly I misunderstood what is journal for. So, it is gone.
Good luck trading.
Last edited by sam1197; December 3rd, 2011 at 11:53 AM.
The following user says Thank You to sam1197 for this post:
If you want to trade the European session, trade European futures. Dax, Eurostoxx, FTSE for example.
There is enough movement and there is certainly enough volume, Eurostoxx is extremely liquid, it's certainly not thin.
The are also good moves in Forex during the London session, with regard to Forex, London is said to be the financial center of the world.
It seems you are following the wrong markets at the wrong time.
Furthermore, these MM conspiracy theories are just too simplified. People are always looking for someone they can blame for their losses, whether it's the MMs, the hedge funds, brokers, HFT, banks, governments etc. etc.
This kind of thinking is wrong and leads nowhere. There are so many big players, each with a different agenda, battling with each other, that you just cannot say that some MM sends up the market a few hundred points just to trigger the stops of the poor retail traders unless we are talking about penny stocks.
If some fund tried to spike up Crude Oil for whatever reason, he runs the risk of being faded by other big players and could lose big.
Anyway, I don't have a professional background in finance/trading so I don't claim to know the truth, so feel free to correct me if I'm wrong.
Last edited by TheSeeker; December 3rd, 2011 at 11:29 AM.