Watching this 86.6 area on AUDJPY... given the AUD weakness and the expectation for a pullback on most other xxx/JPY pairs, a pullback to the figure could be a good opportunity to go short.
It is not necessarily confidential information... we have simply amassed relationships with such institutions over our many years on Wall Street.
We surely aren't sharing all of the levels we get on every pair... but our purpose for sharing is to educate. Upwards of 90% of retail traders fail...
So there are two types of traders in this world: retail traders & institutional traders. Retail traders are individuals who trade on their own, with their own capital, based on their own analysis. Institutional traders are often professionals, who trade hundreds of millions of dollars of a...
Hello Traders
I will be using this thread to journal trades that I take utilizing institutional levels. When I say "institutions" I am referring to large multi-national banks, hedge funds, and the firms that collectively account for the large majority of the daily trading volume in the Forex...
While we did not take the 1.25 level on GBP/USD... it did wind up being good for about 30 pips.
We are now looking to the 1.2568 figure for a potential short on GBP/USD going into next week as shown in the image below. This trade setup is explained in depth in this video...