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  • #135,481
  • Aug 27, 2009 3:13am Aug 27, 2009 3:13am
Quoting Atlast
One thing I like about this thread is it often reminds me to do some fact finding. Here's a chart which speaks for itself of oil manipulation earlier in the year, and shows that even the big boys make the stupid basic error of riding their losses without appropriate SL.
Source and article: http://www.forbes.com/forbes/2009/04...goose-oil.html

can someone patiently share with me what is this thing about semgroup goldman.. oil manipulation ???
  • #135,482
  • Aug 27, 2009 3:15am Aug 27, 2009 3:15am
Quoting Atlast
One thing I like about this thread is it often reminds me to do some fact finding. Here's a chart which speaks for itself of oil manipulation earlier in the year, and shows that even the big boys make the stupid basic error of riding their losses without appropriate SL.
Source and article: http://www.forbes.com/forbes/2009/04...goose-oil.html
you dont see this on the 5 oclock news..
those who can, do. those who cant, talk about those who can
  • #135,483
  • Aug 27, 2009 3:16am Aug 27, 2009 3:16am
Good evening, traders. I cashed in all my shorts and now sittin here wondering wtf to do next. It's up to Big Dog, not me....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #135,484
  • Aug 27, 2009 3:24am Aug 27, 2009 3:24am
Quoting The Fool
Good evening, traders. I cashed in all my shorts and now sittin here wondering wtf to do next. It's up to Big Dog, not me....
wait for s/r to be broken..I'm still short biased. i don't think even goldmen can stop this for more then a few hours. and the article to me shows desperation. its not the first time..but maybe ill get a better price to sell from.. europe does have some green stocks
and u.s futures are mixed. oil red but near flat. its comming up
those who can, do. those who cant, talk about those who can
  • #135,485
  • Aug 27, 2009 3:25am Aug 27, 2009 3:25am
Quoting trading801
can someone patiently share with me what is this thing about semgroup goldman.. oil manipulation ???
The article explains it well, but of course big money manipulations are always difficult to prove. The investigations blamed the company executives for the collapse, of course, but you only need to know that Goldman and others knew Semgroup's positions as they had them on their books. Just like banks have retail traders positions on their books (have you heard of clearing the books in the morning trading in UK!!)
  • #135,486
  • Aug 27, 2009 3:25am Aug 27, 2009 3:25am
to continue my rant........

Just to throw this out there... what if we're all wrong? We are so plugged in, sooooo intuned to the numbers. I know we look at the FF economic calendar once, twice a day? What if we're looking at this at such a microeconomic level we can't see the forest for the trees??
  • #135,487
  • Aug 27, 2009 3:26am Aug 27, 2009 3:26am
Quoting lapetye
I got out of the stock market and into forex because I saw the manipulation going on in the stock market.

I always have an eye to fundamentals, but I'm a dedicated chart trader by heart. Given all of that, I have no idea where this is going.

The economic numbers keep coming up good, but I know for a fact the people on "main street" are hurting. I'm really, really starting to see market manipulation in forex, and getting very jaded.
Why do you afraid of manipulation when we all live in the sea of it? price changes anywhere now not any related to supply & demand issues & mostly should be this manipulators hand through computer & program based platforms so we see lots of up and down in minutes , with news or so it bursts without needling anything happened actually/increase -decrease in demand-supply for any physical need , all in a virtual & very volatile gaseous immaginary environments & to stay in such environment take them easy.Take some strategy to survive & stay alive when death is sure & certain for all cases.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #135,488
  • Aug 27, 2009 3:27am Aug 27, 2009 3:27am
Nice resistance at 1.4260 - 70

Price is trying to breach this level right now .. I dont see enough steam in bulls though but if they break this res, 1.4325 and then 4380 as targets.

I'm short since 1.4360 area targeting 1.4150 - 60

Lets see what happens.
Discipline + Patience - Fear - Greed = Success
  • #135,489
  • Aug 27, 2009 3:30am Aug 27, 2009 3:30am
I have no problem at all trading the 1M chart. I know I'm going to get bashed here for trading that timeframe, but I can't possibly see how anyone can trade a higher timeframe.

I do just fine, trust me, but I do keep an eye to the fundamentals, and the fundamentals are not doing what is actually happening in the world.

If you trade long term... guess.... pick a number... pick a target. That target WILL be hit sometime in the next year or so. If you trade long term, is your account big enough to wait for it to hit that number?
  • #135,490
  • Aug 27, 2009 3:33am Aug 27, 2009 3:33am
Quoting Atlast
The article explains it well, but of course big money manipulations are always difficult to prove. The investigations blamed the company executives for the collapse, of course, but you only need to know that Goldman and others knew Semgroup's positions as they had them on their books. Just like banks have retail traders positions on their books (have you heard of clearing the books in the morning trading in UK!!)

i see.. sorry for being slow.. thanks
  • #135,491
  • Aug 27, 2009 3:35am Aug 27, 2009 3:35am
Quoting lapetye
I have no problem at all trading the 1M chart. I know I'm going to get bashed here for trading that timeframe, but I can't possibly see how anyone can trade a higher timeframe.

I do just fine, trust me, but I do keep an eye to the fundamentals, and the fundamentals are not doing what is actually happening in the world.

If you trade long term... guess.... pick a number... pick a target. That target WILL be hit sometime in the next year or so. If you trade long term, is your account big enough to wait for it to hit that number?
Don't worry son. You're not alone. Me is also trading 1m TF. It has a funny name: 'scalping'.
  • #135,492
  • Aug 27, 2009 3:39am Aug 27, 2009 3:39am
Quoting arezab
Nice resistance at 1.4260 - 70

Price is trying to breach this level right now .. I dont see enough steam in bulls though but if they break this res, 1.4325 and then 4380 as targets.

I'm short since 1.4360 area targeting 1.4150 - 60

Lets see what happens.
Well the fall off the daily pivot was on higher volume, so it does look like the money for the session wants this to go down. However, it also bounced off a trendline support I am watching in the hourly, so next 30 minutes will be revealing.
  • #135,493
  • Aug 27, 2009 3:39am Aug 27, 2009 3:39am
Quoting lapetye
to continue my rant........

Just to throw this out there... what if we're all wrong? We are so plugged in, sooooo intuned to the numbers. I know we look at the FF economic calendar once, twice a day? What if we're looking at this at such a microeconomic level we can't see the forest for the trees??
your right at first look i exited my short. i let goldmen article influence months of work. i dont agree with goldmen article and did not agree with them as oil passed 100 last year. but when you play against a stacked deck you gotta do what the romans do. well i dont think we are in rome anymore at second look. they do have a record of making these statements at critical times that would have seemed to go against them. so i will file this under desperation of goldman and hopefully im on a level playing field this time..as far as calender goes.. i hate news..it can screw up a lot of work..as did the goldmen article.... and there stock is down.. falling out of favor last couple of days.
those who can, do. those who cant, talk about those who can
  • #135,494
  • Aug 27, 2009 3:39am Aug 27, 2009 3:39am
Quoting fontu
Why do you afraid of manipulation when we all live in the sea of it? price changes anywhere now not any related to supply & demand issues & mostly should be this manipulators hand through computer & program based platforms so we see lots of up and down in minutes , with news or so it bursts without needling anything happened actually/increase -decrease in demand-supply for any physical need , all in a virtual & very volatile gaseous immaginary environments & to stay in such environment take them easy.Take some strategy to survive & stay alive when...
Good post, thanks fontu.

Market manipulation is a serious part of my thinking when I consider medium term directions, or the next move of 140 points or so. I tend to ask myself if I was a hedge fund manager with several billion dollars which way would be more profitable to direct the movement of price just now.

So when we talk about this Goldman Sachs article it seems to be kind of apples and oranges with near term market direction. It just confirms the long term trend is up, not the next small move. Thats why my bias is Short right now, because the technicals seem to call for a more adequate correction before going further up. Not that I think we're going sub 4000, but sub 4200 anyway. I don't see why not.
  • #135,495
  • Aug 27, 2009 3:39am Aug 27, 2009 3:39am
Quoting T.E.Lawrence
Don't worry son. You're not alone. Me is also trading 1m TF. It has a funny name: 'scalping'.
Yeah, me too, since I started. But the tf is somewhat irrelevant to me. I am looking for patterns in the price action and sometimes those show up on M1, 30s, m5, m15, even H1. It all depends on the pair, time of day, etc. Scalpers can be afflicted by their own dogma just like anybody...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #135,496
  • Aug 27, 2009 3:40am Aug 27, 2009 3:40am
Quoting forxc
I think we ll see 1.427-1.4285 today but tomorow we go south.
nice job thv+c4 ,scalping 1-m, 5-m, whats the arrow on the candels
  • #135,497
  • Aug 27, 2009 3:41am Aug 27, 2009 3:41am
Quoting T.E.Lawrence
Don't worry son. You're not alone. Me is also trading 1m TF. It has a funny name: 'scalping'.
Glad to hear it. I can't imagine trading any other way than the 1M. To me, that is where the action is, that is where you can see where it is going.
  • #135,498
  • Aug 27, 2009 3:43am Aug 27, 2009 3:43am
Quoting lapetye
I have no problem at all trading the 1M chart. I know I'm going to get bashed here for trading that timeframe, but I can't possibly see how anyone can trade a higher timeframe.

I do just fine, trust me, but I do keep an eye to the fundamentals, and the fundamentals are not doing what is actually happening in the world.
.......
I do the 1 minute only when the 3 minute candles have too long wicks, and yes scalping rocks. Anyone who has problems scalping is because they are not satisfied with small profits and don't accept the randomness of the market.
  • #135,499
  • Aug 27, 2009 3:45am Aug 27, 2009 3:45am
Latest Helpful Charts 4 Those Who Care ,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Eurusd-6-5(1).gif Size: 26 KB
Click to Enlarge Name: Eurusd-6-5(2).gif Size: 34 KB
  • #135,500
  • Aug 27, 2009 3:46am Aug 27, 2009 3:46am
we're heading back to the DP and beyond....
"If The Fool persists in his Folly he will become wise." - William Blake
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