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Originally Posted by Trendz
The reality is that when everyone piles into the trade one way like what happened on friday with a strong dollar rally the smart money sees this and reverses the gains swallowing a whole chunk of retail traders. Your conspiracy theory is not so ludicrous is it?
And btw, who do u work for?
Trendz
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Trendz,
I absolutely guarantee that the 'smart money' that you refer to, when they trade, do not care one jot about how the retail market is positioned. I'm not going to reveal who I work for on this site (this is meant as no offence to you, I would just never do that, having been the victim of identity fraud in my time), but I have at various times worked for a derivatives prop firm, on the
fx desk of a large bank and on the currency desk of a large fund manager.
At no point during the 12 years that I have been in the market have I ever seen anyone make a trading decision based on the retail market. This sort of trading simply doesn't show up on the radars anywhere. Trust me on this one.
GJ