Hello everybody.Newbie here,so bear with me
1. I hear this phrase many times:"If there is more buyers than sellers-price goes up.If there is more sellers than buyers-price goes down."But how this could be possible?
For example:
At point of time currency pair "A" has a price 1.0000.Big boys,banks or whoever wants to buy alot of it at this price, but at the same time nobody wants to sell it at this price...so,following the logic of "If there is more buyers"... price should go up...that doesn't make sense...maybe if "If there is more demand than supply-price goes up and vice versa"?When we see an UP daily candle-we say well,today buyers were in control...but when the day is starting no one has a clue what's gonna happen today.Same goes for trading sessions-if during Asian session buyers were in control doesn't mean that price will continue to go up on London session.
Common sense seggests that if the buyers don't have anyone to buy from-they simply CAN'T buy
2.Many traders say that "big boys" are manipulating prices,like putting them higher to trigger buy trades and then puting them lower to trigger SL's on those trades to
further have enaugh liquidity for their own buy orders.(SL on Buy order is Sell order not "close" or "SL").I can understand the logic,but still I don't get HOW they move prices to make such a maneuver.
Got many other questions,but lets see first how this will "play out".
1. I hear this phrase many times:"If there is more buyers than sellers-price goes up.If there is more sellers than buyers-price goes down."But how this could be possible?
For example:
At point of time currency pair "A" has a price 1.0000.Big boys,banks or whoever wants to buy alot of it at this price, but at the same time nobody wants to sell it at this price...so,following the logic of "If there is more buyers"... price should go up...that doesn't make sense...maybe if "If there is more demand than supply-price goes up and vice versa"?When we see an UP daily candle-we say well,today buyers were in control...but when the day is starting no one has a clue what's gonna happen today.Same goes for trading sessions-if during Asian session buyers were in control doesn't mean that price will continue to go up on London session.
Common sense seggests that if the buyers don't have anyone to buy from-they simply CAN'T buy
2.Many traders say that "big boys" are manipulating prices,like putting them higher to trigger buy trades and then puting them lower to trigger SL's on those trades to
further have enaugh liquidity for their own buy orders.(SL on Buy order is Sell order not "close" or "SL").I can understand the logic,but still I don't get HOW they move prices to make such a maneuver.
Got many other questions,but lets see first how this will "play out".