News Focus
News Focus
Followers 292
Posts 26480
Boards Moderated 2
Alias Born 06/17/2004

Re: Heavyweight post# 127551

Tuesday, 01/28/2014 7:14:46 PM

Tuesday, January 28, 2014 7:14:46 PM

Post# of 140146
Heavyweight...the reason why I became firmly commited to Supply/Demand charting is because the banks leave a footprint that tells us what/when to expect their action.The S/D indicators have been a breakthrough for us as retail traders IMO.Also let me say this..I do NOT believe that the banks have an agenda to blow our accounts..we are a necessary evil to them...they simply do what they do.We must first understand that we are minnows swimming in a tank full of sharks and both the shark and the minnow are looking for their next meal.When food is available to the sharks they will feed on the lions share..retail traders will take the leftovers at best...typically and statistically we get 25% of the food...the lions share will always go to the lion!
Our job as retail FOREX traders is to scalp the market relative to the move involved...IOW we must settle for the bits of chum that settle to the bottom of the shark tank.If done efficiently we will never beat the shark but we can certainly be well fed!

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today