LT, yes I have downloaded the video.. but surprisingly, on WinMedia player it is not showing the video but just the audio.
PTJ is hedgefund manager. I think all big players have their brokers to execute their orders. They don't watch charts like we retail traders and place their own order.
They decide the quantity and price range.. and instruct their broker/market maker to do the rest.. And then broker/ MM has people who are expert in taking our hidden stop orders and filling the order in small lots. If broker can get better fill then the specified range, then they share the reward / else they pay the penalty or the orders remains with them and whenever price comes back to that range, these orders are executed.
That's why we see such a nice predictable price action near S&R levels. and regular hit of novice trader's stoploss order which market maker are expert in seeing them, even if we try our best to hide them.
Happy Trading
PTJ is hedgefund manager. I think all big players have their brokers to execute their orders. They don't watch charts like we retail traders and place their own order.
They decide the quantity and price range.. and instruct their broker/market maker to do the rest.. And then broker/ MM has people who are expert in taking our hidden stop orders and filling the order in small lots. If broker can get better fill then the specified range, then they share the reward / else they pay the penalty or the orders remains with them and whenever price comes back to that range, these orders are executed.
That's why we see such a nice predictable price action near S&R levels. and regular hit of novice trader's stoploss order which market maker are expert in seeing them, even if we try our best to hide them.
Happy Trading
http://www.videohelp.com/tools/ffdshow/version-history
ffdshow is a directshow codec (it basically runs in the background, you'll see a system tray icon) the video will showup in which ever media player uses directshow. It can encode as well as decode various formats. Might needs a bit of tweaking.
Or download SMPlayer:
http://www.free-codecs.com/download/SMPlayer.htm
SMplayer is a front-end for Mplayer (which is basically commandline, mainly developed for linux). Nothing added to the system, just a couple of files in the folder you install it to. Install and run. Best part is it plays "everything". Any file that doesn't work with mplayer will never work with anything else.