Uh.. that doesn't make sense. Nothing changes until the money is committed. Imagine a market maker showing you that very quote, asking you whether you want to buy EURUSD at x price? And you say no, or maybe, then price won't change at all. Why ...

Economic Question: Why is price affected by supply and demand?

Very well thought out answer. Thank you Cindy. It does help. It makes sense. I guess market only tracks the last price a transaction has taken place, it doesn't care how many are WILLING to buy or sell, but only tracking those who have MADE the ...

Economic Question: Why is price affected by supply and demand?

Yes, that's absolutely right, buyers and sellers get to decide what the price is that they are willing to make the transaction at. What I don't understand is, why does price change after this transaction has taken place?

Economic Question: Why is price affected by supply and demand?

To prove my point that supply and demand, in this case, does not work. Price is set by calculated or arbitrary by the business owner. Price does not automatically change when there is an imbalance of S&D. And price may automatically change even ...

Economic Question: Why is price affected by supply and demand?

Supply and demand has a lot more to do with volume than the number of participants. Say there are 1,000 traders going long on EUR/USD with 1 lot each, then one trader going short on EUR/USD with 2,000 lots, logic dictates that the 1000 lots of long ...

Economic Question: Why is price affected by supply and demand?

I stand corrected. I was thinking that by having higher volatility, it gives more chance to scalper. And I've just checked the avg spread for the minors on my ECN broker. It's nuts. You have to be really good to trade the minors. EUR/NOK 52 pips ...

Trading forex minors and minor crosses

Those are some crazy ass results. Respect =)

M&W-Trading

Excellent post Joao! You're one of the very few who seems to understand clearly what Steve is trying to get across. You went so deep on your posts I had trouble comprehending them =) Btw, isn't Wyckoff a stock trader? Forex wasn't accessible to ...

M&W-Trading

Been watching the DMR vids this long weekend. It sounded too good to be true, but no doubt there are many evidence of big winning trades. But one thing for sure, they never show a losing trade. I'm not sure whether they are cherry picking or just ...

M&W-Trading

You're right my friend. But I just cannot grasp the possibility of these traders, who are most likely are not in communication with each other (or maybe they do form a cartel, I don't know), constantly putting the same trade, together, on the same ...

Need help for simple question: Who got the right S&R levels?

I've been meaning to make a thorough research on this topic, but just haven't had a chance just yet. But I'm just gonna put my thoughts here before it goes away. I find all of them to be very interesting. Looking at the altered chart alone, I can ...

Trading with altered price chart: P&F, Range Bar, Renko, Kagi, etc.

Yes, of course you can add patterns and indicators to filter bad trades, in which case these levels serve as an additional confirmation but not the main decision to enter a trade. But I was talking about the flawed fundamental basis of static S&R ...

Need help for simple question: Who got the right S&R levels?

One other reason why trading static S&R levels is dangerous, is because there are 4 different possible outcomes when price arrives at a pivot level. It can: Break through - as if the level isn't there, and price just doesn't give a damn. If you put ...

Need help for simple question: Who got the right S&R levels?

Dan, I saw your 15 M chart trying to spot the PFs. Good thing you switched to 1HR chart before I make this post =) Yes, you got them all right. Use my previous post on identifying PFs as guidelines. Just be careful that PFs are so easy to spot in ...

M&W-Trading

Elliot wave trading would be included in the trend trading strategy. I've said on the first post that this thread is a discussion about the top general categories of proven trading strategies, if you want to delve into the specifics, feel free to do ...

Here are the top forex trading strategies - honestly

Thank you Joao for such a speedy and thorough reply. I understand what you're saying, I'm just furious the fact that the most basic, the most fundamental, and beginner friendly of all SM theories do not work this week. If the dealer resets once, I ...

M&W-Trading

I hate it when Steve is so wrong, on so many levels, so many times. Please, please, someone explain it to all of us what happened in the EUR/USD & USD/JPY this week. GBP/USD is behaving like a little b****. My mind is blank. Please correct me. My ...

M&W-Trading

By looking at the chart alone means you're using technical analysis. Purely fundamental traders don't give a crap of what has happened. So if you dismiss general technical analysis (infused with a bit of fundamental analysis) as profitable method, ...

Here are the top forex trading strategies - honestly