Calling common knowledge a "secret" is just BS. The London fix is a set time of day at which foreign exchange market makers, including banks and other large financial institutions, agree on the price of a particular currency pair and you can build astrategy around price movement 30-60 min before the time.
@@Tonydurns207 I did my due diligence when starting trading FX...Plenty of information on the internet; Investopedia, Central banks, newspapers, traderforums as Babypips. It is also known as the "4pm fix".
Institutions don’t use this nonsense. they trade weekly and monthly charts and it’s simply price levels. Nothing else. These recent session ‘fixes’ don’t mean anything in the long run. They don’t care what price the Japanese yen closed at on Monday or the previous Friday… no one cares. The markets can make anything look a pattern. It’s like looking into white noise. Make of it what you will
These are literally price levels tho? And they do care about japan pricing especially rn the yen is an easy carry trade due to the low interest rates so everything he's saying is correct.
@@itsmac2507 this person is apparently caught up in terms instead of the context of what’s being said. I can believe institutions don’t use the term “fixes” but is the process the same or similar? What he saying stands firm regardless of the jargon
@@itsmac2507they most certainly do. They use this reference to settle and hedge assets as its the contract price that they are legally and contractually obliged to settle at
Agreed. Took 5 mins to find the "actual" explanation - it's the time of day the institutions benchmark the price, and subsequently large order flows from institutions occur. Can create S/R levels but most applicable to FX
Challenge is I am seeing 9:55am listed for Tokyo and he is saying it’s 8:55am. Any thoughts?
08:55am. Observe the volume spike.
Andre Stewart legend
Whats the next direction from your analysis? Or you only analyze what has already happened, which anyone can?
Calling common knowledge a "secret" is just BS.
The London fix is a set time of day at which foreign exchange market makers, including banks and other large financial institutions, agree on the price of a particular currency pair and you can build astrategy around price movement 30-60 min before the time.
Sounds like a secret to me
@@TradingNut Then you aren't researched on FX markets, which is fine since I believe you trade other instruments.
I’ve never heard of fix so it is not common knowledge…. Where did you learn about the fixed price?
@@Tonydurns207 Not common knowledge ... what.... like secret knowledge? 😱😂
@@Tonydurns207 I did my due diligence when starting trading FX...Plenty of information on the internet; Investopedia, Central banks, newspapers, traderforums as Babypips. It is also known as the "4pm fix".
Love Andre and Cam - but not sure what I just watched. That was really wishy washy and disconnected.
So why do you love someone who spews garbage?
What time frame is the London fix on?
the legend is back!
Institutions don’t use this nonsense. they trade weekly and monthly charts and it’s simply price levels. Nothing else. These recent session ‘fixes’ don’t mean anything in the long run. They don’t care what price the Japanese yen closed at on Monday or the previous Friday… no one cares. The markets can make anything look a pattern. It’s like looking into white noise. Make of it what you will
These are literally price levels tho? And they do care about japan pricing especially rn the yen is an easy carry trade due to the low interest rates so everything he's saying is correct.
@@itsmac2507 this person is apparently caught up in terms instead of the context of what’s being said.
I can believe institutions don’t use the term “fixes” but is the process the same or similar?
What he saying stands firm regardless of the jargon
I hope @olly2120 doesn’t believe institutions trade SMC concepts
Go do some research on the London and Tokyo daily fix benchmarks. Even the central banks make reference to them. It is 100% legit.
@@itsmac2507they most certainly do. They use this reference to settle and hedge assets as its the contract price that they are legally and contractually obliged to settle at
What is the line line for?
At the moment, the best trade for me is to do the opposite...but even then I'd lose most of the trades🤪
He’s over simplifying things it’s really not that complicated 🤦🏽♂️
Where can I find this guy’s $149 vids? Thanks Cam
Updated link under the video
God bless
Wtf
He’s awful at explaining this I’m afraid.
Agreed. Took 5 mins to find the "actual" explanation - it's the time of day the institutions benchmark the price, and subsequently large order flows from institutions occur. Can create S/R levels but most applicable to FX