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- 41 Results (2 Threads, 39 Replies)
- Brettus replied Jul 26, 2010
I think we underestimate retail flow. Banks dont do 1bio gbpusd as standard. Some retail clients do 1000 gbp a point. Get enough of those and you've got your liquidity. banks will chase a 100 mio of liquidity if its easy pickings.
Why are most retail traders usually on the wrong side of the market?
- Brettus replied Jul 26, 2010
Much better explained than me. Banks chase liquidity. Look at the crash in May for example when the Dow fell 1000 ticks. There was about 2bio sell volume and 150 mio buy volume, and the price retraced 60% on only 150mio flow. To put this simply, ...
Why are most retail traders usually on the wrong side of the market?
- Brettus replied Jul 21, 2010
The annoying thing about learning to keep your emotions under control is that it takes losses and your ability to stick to it. If you're making 80% a week you are going far too crazy. You wont last long. You wont listen to me though. You should ...
How much are you up or down since the start of the year?
- Brettus replied Jul 21, 2010
I think alot of retail buy when the price is going up and sell when the price is going down. They take profit too early and run losses. A retail client could be successful if they had a risk reward ratio of 1:1, but they never do. Scalping can be ...
Why are most retail traders usually on the wrong side of the market?
- Brettus replied Jul 20, 2010
4 times as many retail traders betting that Yen would rise against the US Dollar. Why doesn't it go in their favour? Because it goes against the institutions. Why do people look at whether a stock is held mainly by retail clients or institutional ...
Why are most retail traders usually on the wrong side of the market?
- Brettus replied Jul 20, 2010
I get information from banks about retail stops being taken out. Currenex for example does 200bio worth of volume on a daily basis. Dont you think they sell the flow to banks? I'm not arguing that alot can lose it on their own, but banks will know ...
Why are most retail traders usually on the wrong side of the market?
- Brettus replied Jul 19, 2010
I dont think you've worked in a bank before. Their trade sizes arent as big as you think. They wont chase everything, but tell me how many retail traders were short eurusd expecting parity. Vegas called and they wanted EURUSD at 1.3.
Why are most retail traders usually on the wrong side of the market?
- Brettus replied Jul 19, 2010
Retail traders lose because banks win. Money doesnt just come from nowhere. Not all retail traders lose but most do. There are other reasons, but mainly because if you're short the market, someone has to be the other side and they have no intention ...
Why are most retail traders usually on the wrong side of the market?
- Brettus replied Jul 14, 2010
I dont think anyone closes at 25-35pips profit. It should be 40 pips minimum.
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- Brettus replied Jun 23, 2010
Managing Nicks Signals - This is by no means the most accurate way to use Nick Signals, but this is how i interpret them and i think it may help someone. I have attached GBPUSD, EURJPY and USDCAD trades. GBPUSD today being perfect. Signal given ...
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- Brettus replied Jun 23, 2010
Thanks for sharing that. From this i can see that there isnt much difference between taking your money and running at 40 pips and playing it how Nick has suggested. I've been following Nicks profit targets, but i think from now on i'll trade it the ...
Pro Swing Trading
- Brettus replied Jun 23, 2010
Cantor Fitzgerald Europe. Realistically a hedge fund wont accept only 10k USD and give you return of like 50%+ in a year. I've seen his statements for clients he trades for, and he does alot more trades than the ones he gives in his signal service. ...
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- Brettus replied Jun 22, 2010
No. I've paid for his signals. I'm just offering a solution. Doesnt have to be through my company... I'm considering doing it also.
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- Brettus replied Jun 22, 2010
Nick Further to the account management and i feel alot of people would agree that the perfect scenerio may be that you trade on behalf of your clients. I'm willing to suggest this: As your potential future broker, i can set up a multi terminal meta ...
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- Brettus replied Jun 22, 2010
Nick. You should offer account management. That will solve all the issues. MetaTrader multi terminal. Brett
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- Brettus replied Jun 22, 2010
Hi Yusuf I understand what you're saying. A live chatroom is the way forward. I understand that if you followed the forum closely enough you have been better off, but i personally dont have time to look at the forum and so far i have entered 7 out ...
Pro Swing Trading
- Brettus replied Jun 22, 2010
Hi Yusuf. I dont think you should worry too much about understanding his calls straight away. I got the E/J entry at 12:51 GMT and it was trading at 113.20. I could have scraped a sell there, but unfortunately i didnt get in, because i put an order ...
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- Brettus replied Jun 9, 2010
To be honest. If anyone told me they could make me 600-1000 pips a month for few bucks, with little effort, then its a no brainer.
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- Brettus replied Jun 9, 2010
Not all signals are posted here. You need to sign up to his service to receive all of them. I'm actually in at exactly when he is because of the emails and sms. The cost of his service is negligable compared to the profit i've made this month.
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