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  • #120,701
  • Jul 10, 2009 2:02pm Jul 10, 2009 2:02pm
Quoting traderathome
(...guess that means he uses a smaller pole while fishing for minnows....)
In that case I can only fish for minnows.

Damn Irish curse.

m
  • #120,702
  • Edited 2:14pm Jul 10, 2009 2:04pm | Edited 2:14pm
Quoting traderathome
I hope anybody that has recently shorted on the manipulated drive up, did not put tight stops on......PA is making like the manipulators may do it again.....

Edit: It is beyond me, how these Thieves of Wall Street get the PA to go up like they do. I understand the workings of Naked Shorting in the stock market, but how do they do it in the FX market? Anyone know? LIke right now, if the PA starts going back up, then how? I cannot imagine right now ANYONE being interested in entering a long trade, not with what has happened today and it being at...
I don't know how its done exactly, except with lots of money, even in thin conditions.

What you said about the loose stop on shorts though I click with. For all I know price may go up to 4075 before it comes back down again.

I trade at position sizes relative to account size where I don't have to worry about that. I'm just grounded in knowing that the high likelihood is that 3885 will be taken out before next friday.

On the hourly and 4hr it looks like a bullish move to that 4075 level is in order.

Personally I wouldn't bet on it, but it wouldn't shock me to bits either.

Anyway I like shorts for next week, taking small positions and adding occasionally on rallies.

And oh yeah, this is the third week in a row I've made 7%. Participating in this forum has been good for me.
  • #120,703
  • Jul 10, 2009 2:06pm Jul 10, 2009 2:06pm
Quoting acumen
In that case I can only fish for minnows.

Damn Irish curse.

m
Hey, some of your Irish namesake (I got some in me, too) should be able to show you how to forget the pole and fish with explosives!
  • #120,704
  • Edited 2:12pm Jul 10, 2009 2:11pm | Edited 2:12pm
e
Quoting VinzZ
Donno if it is manipulated. But today before the euro session the move was steady downwards. When the euro session opens volality comes in. And what happens? It goes up for enough pips to take shorts out. After that short upward move, it just continued to go down. Very strange, and then I think by myself, "isn't that manipulated?". Well... I really don't know, I just see those weird PA actions.
At the beginning of every session there are different banks, institutions, hedge funds, large speculators, etc, are you rally surprised that the change in market participants brings a change in market PA? That's why some traders pick their sessions to trade. Manipulations tend to occur at the beginning of the session, and at the end. Large banks have their customer books. They know where the orderrs are. Those banks, institutions, etc, have different books. Take that together with reaction to market news and you have a random market. Just learn to trade the moves.
  • #120,705
  • Jul 10, 2009 2:16pm Jul 10, 2009 2:16pm
Unless these "trading" concerns (I hesitate to call them traders, as 'trading' is not what they do....price manipulation is what they do) keep the price up into the close, the current H4 candle (which contains the high for the afternoon and has negligible volume compared to its forunners) could also close as a beautiful pin bar.....

Edit: Even if they keep the price up, it could close as a doji......either way, probably not the message they want sent. So lets see the PA manipulation that keeps either from happening.......
  • #120,706
  • Jul 10, 2009 2:21pm Jul 10, 2009 2:21pm
Wow, that's clever figured out. However, the fx market ain't for real chart traders alone. If many people wants to visit the US this summer and sell their EUROs for some US$ does that have effect on the market? I know it sounds stupid, but it's only an example I want to present.

Quoting traderathome
The only thing I can think of is that two entities collude, one places very small long order and the other immediately buys it.....with little volume then the PA would could be moved up as this is repeated over and over VERY QUICKLY thru special FX ordering software....... No real "supply and demand" going on then, just pure manipulation of the price.
Close your eyes when you feel you are going under.
  • #120,707
  • Jul 10, 2009 2:26pm Jul 10, 2009 2:26pm
True. I'm not surprised, just watching what's happening. I'm pretty new to all this and I watch this world with some baby eyes
To be honest I like the ranging the E/U is in, it may last for ages lol

Quoting Atlast
e
At the beginning of every session there are different banks, institutions, hedge funds, large speculators, etc, are you rally surprised that the change in market participants brings a change in market PA? That's why some traders pick their sessions to trade. Manipulations tend to occur at the beginning of the session, and at the end. Large banks have their customer books. They know where the orderrs are. Those banks, institutions, etc, have different books. Take that together with reaction to market news and you have a random market. Just learn...
Close your eyes when you feel you are going under.
  • #120,708
  • Jul 10, 2009 2:26pm Jul 10, 2009 2:26pm
Quoting VinzZ
Wow, that's clever figured out. However, the fx market ain't for real chart traders alone. If many people wants to visit the US this summer and sell their EUROs for some US$ does that have effect on the market? I know it sounds stupid, but it's only an example I want to present.
Yes, the Fx market supports the people and products that move around the world. But a lot of quick money can be stolen from the Fx market by colluding hedge funds, that thru special order placement software, quickly buy up or sell down the price to achieve the price area they want before executing their high volume orders. And these are the same "Wall Street" hedgies that trade in the stock market using non-existent shares (Naked Shorts), so I wouldn't put anything past them nor rely at all on any supposed "regulations" keeping such shenanegans from happening. Hell, maybe even the central banks do it.
  • #120,709
  • Jul 10, 2009 2:27pm Jul 10, 2009 2:27pm
Quoting VinzZ
Wow, that's clever figured out. However, the fx market ain't for real chart traders alone. If many people wants to visit the US this summer and sell their EUROs for some US$ does that have effect on the market? I know it sounds stupid, but it's only an example I want to present.
That won't change so much. But you should keep in mind that there are indeed huge orders made by manufacturers for instance who don't care about charts and the current price. They just need hedges for their currency risks. That's why the shorter timeframes are much more noisy and random.
  • #120,710
  • Jul 10, 2009 2:28pm Jul 10, 2009 2:28pm
Quoting VinzZ
Wow, that's clever figured out. However, the fx market ain't for real chart traders alone. If many people wants to visit the US this summer and sell their EUROs for some US$ does that have effect on the market? I know it sounds stupid, but it's only an example I want to present.
Your pointing to fundamental factors, I don't know if that example comes into it-but yeah all sorts of economic factors are always coming into play represented as "news". However from what I understand thats also highly manipulated, and if you want to trade off of news-it takes expertise, its its own animal. Its harder to do than analyzing charts and price movements. But read through previous posts and you'll find plenty of examples.
  • #120,711
  • Jul 10, 2009 2:28pm Jul 10, 2009 2:28pm
Duh...
And I thought this is just a bully game of stop hunting, barrier busting, rumors mongering...
  • #120,712
  • Jul 10, 2009 2:34pm Jul 10, 2009 2:34pm
Quoting pqt
Duh...
And I thought this is just a bully game of stop hunting, barrier busting, rumors mongering...
You were right about that actually
  • #120,713
  • Jul 10, 2009 2:37pm Jul 10, 2009 2:37pm
I can't get it out of my mind that the H & S drop that never happened, won't happen.........
Attached Image (click to enlarge)
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  • #120,714
  • Jul 10, 2009 2:38pm Jul 10, 2009 2:38pm
This chart helps to allay fears of manipulations in the markets.
I have marked off where the market stalled on its way up. Each blue dot shows where previous sell orders occurred. It's not coincidence that the market has stalled at those supply areas, exact to the pip. Orders are placed there time and again (like Gator's). This upmove has had to overcome constant selling pressure, and it's up. The market can't hide it's tracks. The track was posted earlier, if it didn't keep to the track another would have found it. Manipulations throughout the day, forget it, it's just thousands of big traders, billions of dollars buying and selling tickets, that's all, buying and selling tickets. Just make sure you get off quickly if holding the wrong ticket, and you come out ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 10_07_2009 (60 Min)-supply areas.jpg Size: 63 KB
  • #120,715
  • Jul 10, 2009 2:41pm Jul 10, 2009 2:41pm
Quoting Atlast
Just make sure you get off quickly if holding the wrong ticket, and you come out ahead.
Let me know how to recognize this because as soon as I drop such a "wrong ticket" the market immediately turns and boosts in my initial direction.
  • #120,716
  • Jul 10, 2009 2:42pm Jul 10, 2009 2:42pm
Quoting Xaron
Let me know how to recognize this because as soon as I drop such a "wrong ticket" the market immediately turns and boosts in my initial direction.

Creepy how things work that way. Well we each source our own reality I guess.
  • #120,717
  • Jul 10, 2009 2:44pm Jul 10, 2009 2:44pm
Hehe, sounds familar

Quoting Xaron
Let me know how to recognize this because as soon as I drop such a "wrong ticket" the market immediately turns and boosts in my initial direction.
Close your eyes when you feel you are going under.
  • #120,718
  • Jul 10, 2009 2:44pm Jul 10, 2009 2:44pm
Quoting Xaron
Let me know how to recognize this because as soon as I drop such a "wrong ticket" the market immediately turns and boosts in my initial direction.
Sounds to me like you're dropping the "right ticket" and picking up the wrong one LOL
  • #120,719
  • Jul 10, 2009 2:45pm Jul 10, 2009 2:45pm
Quoting GrnEydGuy
Sounds to me like you're dropping the "right ticket" and picking up the wrong one LOL
Yes...
  • #120,720
  • Jul 10, 2009 2:46pm Jul 10, 2009 2:46pm
Quoting Xaron
Let me know how to recognize this because as soon as I drop such a "wrong ticket" the market immediately turns and boosts in my initial direction.
...glad someone else has this problem, thought it was just me LOL.
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