How to identify when the professionals are buying and selling, so we can learn to trade alongside them instead of against them.
The big international banks and the national central banks move forex prices. We can see what they are buying and selling when an exchange rate goes up or down.
But if you mean “professional” private retail traders, that’s a much more difficult group to pin down - there are so few of them.
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You can check the trading volume in the chart.
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I have learned a couple of months ago that it is more useful to stay under the radar and avoid doing what the crowds do. That way, when the banks manipulate the prices to take out your stop losses, you are most likely to not be trading at the same time. Sounds a bit counter to 95% of what is “taught” but it is logical. Some examples of where manipulators lie in wait:
At Fibonacci retracement levels
At support and resistance levels
At round numbers
So you go long or short, and they take out stop losses of the shorts by forcing rates up then take out stop losses of the longs by taking rates down.
The best excuse they can hide behind is during and after BIG NEWS
So don’t trade the news.
I got all this from NNFX. Do a search for it. I have watched nearly 100 of his videos and I cannot fault his logic - I have 75 pages of notes that will become my trading plan (time permitting)
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Hi. I would suggest that the institutional financial traders are not interested in what retail traders are doing as it makes no difference to their longer-term strategies, e.g. by trading the 200SMA on daily and weekly and monthly charts.
As for pro retail traders, IMO, although only about 10% could possibly affect SHORT TERM positions on low TFs- it’s those positions that are at risk. My pro friend tells me he does keep well below the rader by placing S/L well beyond the ranges, ideally in the middle of a large candle.
Here’s his best tip when trading EUR/USD. US traders are fixated with the number 50, as in 50EMA trend line as a signal of directional change. Extend to 55 pips as S/L and 45 pips as TP levels - and best of all, from either the last high or low S&R zone when the price trend reaches 50% from that base price, there is a high probability it could reverse. This probability is only successful on that pair.
Best of luck.
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you need to be careful when buying identifiers, because you can easily buy a dummy and just throw away your money
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