The market maker will buy or sell even before they have a buyer lined up but this is all matched up very quickly esp in forex and there is limited exposure. They are only really aiming to profit from the bid and offer spread. not to hold a position.

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who knows eh there sitting on 1.4325 and it doesnt look like they will let it go any lower at the moment. I dont want to play with the SNB they got too much money to burn lol

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Market makers dont always profit from clients loses it just depends if they are the ones taking the other side of the trade or another client of theres. They are just "making a market"

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Yeah I think we are going over 1.3 now in the short term before we head lower (if we head lower). I wouldnt call it a safe bet though lol. Dont want to long the CHF with the SNB on the prowl they are still holding up eur/chf. I wonder how much money ...

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Brokers make money everyday from their clients, true ECN's only take a small haircut from your entry and exit prices, they dont have any exposure? SOme may trade their own book but thats another story. Did you mean funds? as they prop trade a lot.

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possible correction — I dont want to encourage longs but we are bang up against a multi year trendline. I know the World is collapsing and everyone is extremely bearish on the euro, but it is possible we could correct from here.

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Nice post, got my eye on the same trend line!

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yeah you put your TP but whats your SL?

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Just close them the risk is now much greater than the reward for those trades IMHO

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I dont think it was black boxes that pushed this down most likely the downgrade news and also black boxes can detect all types of candlesticks and formations. That big move from 3260 saw huge volume must have been a central bank, id have to agree ...

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Yeah huge volumes and its going up so i guess they are buying

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Yeah and shouyld coinside with 1.5400 stops on the cable hopefully will be lots there

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SNB intervention

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People see what they want to see (IE what they expect) once they are in a trade.

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Check out the thread called "trade what you see not what you expect" Its mainly a cable thread but the principles EO covers apply to most liquid products. IMHO one of the best threads on here

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with only 9 mins to go surely was worth waiting for the hourly candle to close?

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yeah plus we might have a hangman on the hourly still got 5 mins till candle closes though

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I dont know for sure but id imagine Goldman will still be unwinding their long positions, I doubt they would have unwound them all in a day or two! They use algorithms to do this as their positions are so big they cant just hv normal stop losses.

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Yeah Im thinking along similar lines, what will be the next driver for price action? I cant bring myself to open any new positions at the moment as im not sure where this dollar rally will end? We look to be approaching major resistance on the ...

EURUSD

Originally, martingale referred to a class of betting strategies popular in 18th century France. The simplest of these strategies was designed for a game in which the gambler wins his stake if a coin comes up heads and loses it if the coin comes up ...

EURUSD