Disliked{quote} Tekkies asked: "How is it possible to control the market like this? " Well, my simple answer is you are a small retail trader and you are in no position to control the market. Learn and trade SMART when you are not clever like the market is. Three timeframes are better than two. When the price action and HA candles are below its 5EMA we follow Post#3044 and Post#3418 {image} {image} {image} and one day you will arrive at Post#2617 {image}Ignored
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Why do you give instructions how to trade when the question was: "How is it possible to control the market like this? "
Is the assumption all readers (trader's) want to trade like Post#2617 - no indicators.
Well, don't.
Do you think Davit will stop using Pivot to "one day arrive at Post#2617. Try and spin your post to Davit or any trader that has his /her method and see what happens.
Your answer is meaningless and with out substance.
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Look at the chart's, read the question.
(received via PM)
We retailers can't know where orders are sitting in Forex like we can in futures contracts like e-mini S&P 500. But the commercial banks DO see the orders!!!! So they know exactly how many buy and sell orders are at a specific price, and what size the contracts are. This is why it is said that Forex is rigged--BECAUSE IT IS!!!! When you see those kind of crazy spikes and swings, one or more big banks decided to collect some money from retailers and possibly clean out orders at those levels so that they can now move price EXACTLY where they want it to go before making the big trend.
Similar situation for DAX.
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Post 99,115
Does it fully answer the question "How is it possible to control the market like this? ".
Who or what has the "power" to keep price at that level for so long.
Who or what has the "power" to drop price like that.
edit:
after Post 99,123 Answer: " one or more big banks decided "
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