(binned per thread starter's request) Market bottom rotation trad

XLNX last play of the day, likely an upward squeeze. Same play as DO from today. One difference though..time. Closer it gets towards market close, shorts are more likely to panic.

Unable to break, short sellers got it this time. 27 tick not printed.

BK was tracked, but no entry.

95% of the traders cannot trade and 95% of the traders do not understand how brokers work. They do not even read the agreements btw them and the broker when opening an account. These people write reviews. They are frustrated because they dont know what they are doing
Regulated brokers cannot just cheat you, because they work under strict rules, set by the authorities. Their biggest goal is the protect themselfs from these authorities. Otherwise they will pay huge fines or will be closed.
Brokers are not perfect. We have to live with that, especially when traders are undercapitalized. Lets say you have 1000$ account and you make 20 trades a month with 1 mini lot. 1 minilot*0.5$*20 trades = 10$ . And probably 6$ after taxes. Basically they are losing from you, because cannot cover the costs.
At the same time they have a 1M$ account of customer who makes same amount of trades, just different volume 1000 minilots * 0.5$*20 = 10000$ in commissions. If i was a broker, i would move my biggest customers to my fastest server with best network, feed, execution and liquidity. By the way did you know that high quality network hub costs about a million dollars? Just that little part... Futhermore I will assign to these clients personal account manager which they can call anytime they have an issue. I will provide segregated account option for them and much more just to make them feel happy with me.
At the same time i will forward the 1000$ account fools to my cheap low quality server and feed, because this is what they paid for. But did you know that most of the millionairs traders were once 1000$ account fools? But they made it. Not because of picking the best brokers, but hard work, my friend. Focus, sleepless nights and hard hard work for years.
So lets stop this nonsense broker discussion and get back to work

TRD

gold micro in the macro setup. 75% banked. Last quarter left to work for me while i sleep. good night

last 25% hit at BE while i was sleeping, but right after we had a long setup. Somebody caught it? (we need Asian session trader!)

a loss. Looks like EU wants to continue down

gave good reaction

went long initially, but took loss, then short

continued with GU. After clearout and double bottoming , takeout of TL so long

took profit

Exactly and to actually point out the sentence written by available....in fact yes you do have to be "pro" to read the reviews right because if one has no decent knowledge on subject then the review will be concluded in a wrong way, so whats the point then? Reading a review is not just about using logical knowledge to make sense of it, its about actually understanding fully the mechanics behind to it be able to tell if review makes sense or not, becouse ill tell you what...many people write reviews without having any clue what they are even addressing.
There are different business plans on how brokers operate impossible to cluster them all in same basket, at the end traders job is to figure out reality and play the game along with it , not to complain about it.

Was eyeing EURAUD on 10 sec as continuation play, missed the trigger entry with about 5 sec delay.

Many unanswered questions continue as such based on certain members lack of experience on a particular topic. Which is why I will add to the remark made by a member here about A-book vs B-book order routing.
To make it simple, B-book trading is when the broker takes the opposite side of your trade. It simply means that if you decide to buy then the broker will simply take the opposite side of your trade instead of sending it to the actual market.
The broker does this to increase their profits as B-book brokers only profit if you lose. The moment you margin call or close for a loss it will increase the brokers cash reserve.
B-book orders is exactly how th Casino operates, where as A-book trading allows the trader to interact directly with the market and her particapents. Yet, most people don't know how to spot if a broker is A/B book nor do they realize that B-book is a normal and legal activity by the broker.

Tracking with alert DE30 on supply.