bad luck or manipulation ? | Forex Factory

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bad luck or manipulation ?

  • #1
  • First Post: Edited 8:53am Nov 9, 2008 8:24am | Edited 8:53am
I place buy order.

The pips went down 15 pips and moving down.

I stopped the order , quickly place a sell order.

The pips started to go up non- stop after I place a sell order.

Then I stop the sell order. I place a buy order. The pips started to go down again.

The above happens many many times.

so many times that make me feel something is not right

If I just watch and do not place any order, the above won"t happen.

when it go up , it really go up non-stop.

when it go down , it went down non-stop.

when i start to place a order , the reverse of my position will happen.

Is this my bad luck or manipulation by the broker on the MT4 platform ?

but how can i have bad luck 95% of the time ?

experienced traders please advice.
  • #2
  • Nov 9, 2008 8:52am Nov 9, 2008 8:52am
Laff, nobody manipulates the feeds against a single trader. What would be the point in that?

You just behaved like the crowd. Everyone sold, price dropped, brought in a lot of buyers, price went up and everyone bought... nobody left to keep buying, price went back down. That's the herd for ya.

You need a better approach.
  • #3
  • Nov 9, 2008 9:05am Nov 9, 2008 9:05am
not true.

why when i make a position , the reverse always happen ?

when i just watch and make a position on my mind, everything is fine.
  • #4
  • Nov 9, 2008 9:08am Nov 9, 2008 9:08am
Quote
I place buy order
Why? If you think the market is going up where did you place your stoploss?
Quote
The pips went down 15 pips and moving down. I stopped the order
Why? If your stop was set to allow room for price to fluctuate before continuing up why panic?
Quote
quickly place a sell order
Why? If you originally thought price was going up (you placed a buy order) what made you think a 15-pip retrace was a sign that price was going down?
Quote
The above happens many many times
Why? Perhaps that's the way the market works and you'll have to find a system and, more importantly, a Money Management method that allows you to hold a trade until your stop tells you that the trade has gone wrong. Then you look at the market and decide if your stop was too close or the market has changed direction and it's time to trade the opposite direction.

Either way, Rabid's reply sums it up:
Quote
You need a better approach
  • #5
  • Nov 9, 2008 9:13am Nov 9, 2008 9:13am
Quote
why when i make a position , the reverse always happen ?

Because you're trading like everyone else, which causes exactly that...

Quote
when i just watch and make a position on my mind, everything is fine.

Because mental trading doesn't move the markets, lol.

Stop following the markets, or trying to buy when the market is going up or trying to sell when the market is going down. Instead wait for the market to come to you, wait for it to tip it's hand and tell you what it's planning next... then trade on that.

You need to come up with a methodology to standardize your trades.

The markets will always move up and down, up and down, that's the way they work. Retraces happen. You need to get a better handle on how trends work.
  • #6
  • Nov 9, 2008 9:28am Nov 9, 2008 9:28am
Welcome to the forex market.
On the path to Enrichment.
  • #7
  • Nov 9, 2008 9:38am Nov 9, 2008 9:38am
Dogs chase cars, new trader chase markets, its the natural way of the real world, something moves you chase it simple.

In market world things move and then move back then move forward again, know why when you buy it does it then fall, well its simple you see the market is against your natural instinct that keeps you alive in the real world, this is market world and you are selling or buying when in effect you should be doing the total opposite of what you think.

The market is like an old dog, it always comes back to where its been usually for a second sniff, wait for it to fall, then wait for it to bounce up, measure the last swing and sell on the .786 retrace, when the market is in a down trend, do the opposite in an up trend.

Put your stop on the last low or last high respectively, stay out if you can count 5 waves.

Good luck

Smalldog2
  • #8
  • Edited 9:58am Nov 9, 2008 9:39am | Edited 9:58am
The bottom line here. is stop using market orders. use stop/limit orders and make what ever market you are trading meet your price. Always control the battle field never let the market control you. You have a big advantage over markets of any kind in that you can decide when and at what price you are willing to trade. All markets are zero sum. Winners always take from losers and the winners are generally the better informed traders and the losers are generally the uninformed traders. Avoid trading against the well informed trader. You do this by making the market come to you if it wants your trade.

So you end up winning from even the less informed trader than you are. this is the nature of all markets
  • #9
  • Edited 9:50am Nov 9, 2008 9:40am | Edited 9:50am
Quoting webforex
I place buy order.

The pips went down 15 pips and moving down.

I stopped the order , quickly place a sell order.

The pips started to go up non- stop after I place a sell order.

Then I stop the sell order. I place a buy order. The pips started to go down again.

The above happens many many times.

so many times that make me feel something is not right

If I just watch and do not place any order, the above won"t happen.

when it go up , it really go up non-stop.

when it go down , it went down non-stop.

when i start to place a order , the reverse of my position will happen.

Is this my bad luck or manipulation by the broker on the MT4 platform ?

but how can i have bad luck 95%...


i want to
  • #10
  • Nov 9, 2008 9:46am Nov 9, 2008 9:46am
those were just coincidences

do another 999 trades
  • #11
  • Nov 9, 2008 10:13am Nov 9, 2008 10:13am
why nobody suspect the brokers ?

do they only want your 2 pips for eur/usd ?

will they make more money or less money if we keep losing ?

should we beat the brokers first before we beat the market price ?
  • #12
  • Nov 9, 2008 10:16am Nov 9, 2008 10:16am
Quoting webforex
why nobody suspect the brokers ?

do they only want your 2 pips for eur/usd ?

will they make more money or less money if we keep losing ?

should we beat the brokers first before we beat the market price ?
Man, you just don't want to listen. There is no point in talking with you anymore. And thanks for the income.
  • #13
  • Nov 9, 2008 10:58am Nov 9, 2008 10:58am
First off who is your broker? 2nd do you really think your broker needs your 20 - 30 dollars he makes off you that bad? Now if you are trading 5-10 mil lots that might be different, but still extremely unlikey. Don't feel to bad there is hundreds and more like thousands of traders just like you helping me make my ferarri, yaht, and 5 house payments. Keep up the good work....
  • #14
  • Nov 9, 2008 11:09am Nov 9, 2008 11:09am
Quoting webforex
why nobody suspect the brokers ?

do they only want your 2 pips for eur/usd ?

will they make more money or less money if we keep losing ?

should we beat the brokers first before we beat the market price ?
Listen, honestly this place is broker hate central, but what you are telling us ISN'T broker manipulation because if you are always losing you are losing your broker money in the long run. They do want you to win, just enough to keep you in the game so they can continue to suck ya dry. Also, I could see if there was a spike up of a couple hundred pips, etc, but the broker could care less about your more than likely tiny position.
  • #15
  • Nov 9, 2008 11:16am Nov 9, 2008 11:16am
Quoting webforex
why nobody suspect the brokers ?

do they only want your 2 pips for eur/usd ?

will they make more money or less money if we keep losing ?

should we beat the brokers first before we beat the market price ?
Maybe you're just not a good trader.
  • #16
  • Nov 9, 2008 11:16am Nov 9, 2008 11:16am
Until you realize it not the borker but the person in the mirror you will stay a loser.

Quoting webforex
why nobody suspect the brokers ?

do they only want your 2 pips for eur/usd ?

will they make more money or less money if we keep losing ?

should we beat the brokers first before we beat the market price ?
In trading, there is no bullshit. You either make money or you don't.
  • #17
  • Nov 9, 2008 12:24pm Nov 9, 2008 12:24pm
Is this what you are talking about......?
Attached Image (click to enlarge)
Click to Enlarge Name: 11574investormindinvestormind4.gif Size: 65 KB
  • #18
  • Nov 9, 2008 1:21pm Nov 9, 2008 1:21pm
Quoting Arctic4x
Is this what you are talking about......?
Attachment

Isnt that just the truth!!!!!

Learn and Learn again webforex!!!
  • #19
  • Nov 9, 2008 2:19pm Nov 9, 2008 2:19pm
Webforex,


LOL, frustrating this forex. The solution to determining if your borker is messing with you is simple.

Everyone has to learn a different way. I too am someone who needs to learn by experience. So for your sake try this. Pick a demo borker, one not using MT4, have your MT4 platform running at the same time as your demo borker. Watch and learn.

I run different platforms live on different computers, not to mention several demo accounts all at the same time. Spreads are different which can trip a close stop on one but not another but that should be obvious.

The chances of your non MT4 demo borker also trading against you to steal your money on the MT4 platform is not likely. Now, if after doing this you still think your MT4 borker is targeting you, and they are working with the demo borker to mess with you, then try putting aluminum foil on your head when you trade, someone may be reading your brain waves to mess with you. LOL just a little humor.

Good luck
Redefining Reality
  • #20
  • Nov 9, 2008 2:46pm Nov 9, 2008 2:46pm
Quoting webforex
I place buy order.

The pips went down 15 pips and moving down.

I stopped the order , quickly place a sell order.

The pips started to go up non- stop after I place a sell order.

Then I stop the sell order. I place a buy order. The pips started to go down again.

The above happens many many times.

so many times that make me feel something is not right

If I just watch and do not place any order, the above won"t happen.

when it go up , it really go up non-stop.

when it go down , it went down non-stop.

when i start to place a order , the reverse of my position will happen.

Is this my bad luck or manipulation by the broker on the MT4 platform ?

but how can i have bad luck 95%...

once upon a time, i used to act or rather trade exactly like this and reason exactly the way you are doing now.after two blown accounts i went in search of answers. guess what i found?

1) stop chasing the market, wait for it to come to you! it's really very easy, USE ONLY ENTRY ORDERS ( STOP/ LIMIT ORDERS)
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