rivac7

AUDUSD jumped higher and found massive sellers

FX:AUDUSD   Australian Dollar/U.S. Dollar
73 10 1
During the Asian session, looks like novice players came in to the market and drove the price higher until it reached a massive amount of institutional willing sellers. SLs were triggered to add up the momentum downwards.
Sure but its not posted on a public forum. Perhaps try googling my user name for further details.
Reply
rivac7 FXWW888
ok got it, so you are trading as fundamental? Let me guess, you recompute prices based on real economic data to buy or sell?
Reply
Not as easy as retail traders think that it is!
Reply
rivac7 FXWW888
Do you have your own technical analysis?
Reply
20 years at banks and hedge funds
Reply
rivac7 FXWW888
oh cool... lucky on your side since you see the large amount of orders.. I am only relying on your footprints.. ;) mind to know how it is like working in there?
Reply
I am the institutional player and I'm just telling you what actually happened!
Reply
rivac7 FXWW888
Yup, correct me with my words "massive" what I mean buy that huge amount of money from institutional side being traded within that s/d levels. ;) Are you working on a bank?
Reply
That's not what happened - the market bought on the jobs figure, then sold it on unemployment at 6% and negative full time jobs.... there wasn't a massive seller out there, it just repriced on the latter.
Reply
rivac7 FXWW888
The reality is, price wont move up or down if there is no willing participant such as banks to buy or sell an instrument. News, are driven by the crowd, but institutional players such as banks are just awaiting for the most attractive price in the market for them to sell if it looks expensive and buy if it looks cheap.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out