Trade What You See - Almost Naked Trading

anyone spotting any BO?

Too early...have to wait 4 hours.

Have you ever wondered why, when you enter a market, that market almost instantly (even if you ultimately have the future direction correct) moves against you and takes your position out of the money?

The why, is because 90% of the time when you push the buy or sell button on your dealing platform you have been manipulated into doing so. To this some traders will instantly defend their trading decisions and say “no, that is not so, I only enter when my trading system tells me to” What these traders fail to realise is that the Market Makers are manipulating the traders BELIEFS about future price, and they are doing this by causing standard market indicators to come into play when they want them to. Market Makers MAKE a market, this is their role, THIS is what they do.

How do Market Makers Manipulate
Market Maker manipulation is not carried out on a surface level. By surface level I am referring to the charts that you see on your screens. 90% of traders look at charts to try to glean meaning from movement and patterns. This is a facade, a facade presented by the industry to achieve one outcome, an outcome similar to a slot machine.

Let’s pause for a moment to consider the outcomes of a slot machine.

1. You can win on a slot machine
2. You can lose on a slot machine
3. Slot machines have payout rules.

The outside perception of a slot machine is that it is there for a bit of fun and you can win if you play and this next spin COULD be your big win. At the heart of a slot machine is a set of rules but contrary to popular belief these are not payout rules. They are KEEP PLAYING rules. By paying out ‘just enough’ to keep you interested and presenting to you the POSSIBILITY of the big win you will keep feeding the machine. The machine that is ALWAYS removing a percentage for the machine owner and tax man.
There is nothing covert about this, we know the rules (although there are some that think they have a ‘system’ to beat the slots’) yet you see people pumping in money for hours on end with their own ‘lucky wrist flick’ that gives them the edge over the electronics. Lunacy, yes but that does not stop them playing.

The Market Makers manipulate the biggest slot machine in the world.

Just like the rules of the electronic slot machine, the financial markets have rules. The spinning wheels that you see on the slot machine are the market charts you see on your screen. The ‘patterns’ that you are told to trade provide the payout percentage for you and the payout percentage for the machine owners. (The Market Makers)
This outcome is just like the slot machine that has pre programmed payout rules. The outcome desired has one single purpose which is to KEEP YOU PLAYING.

You will never beat the Market Makers but you can join them.

Joining the Market Makers involves the abandoning of charting patterns, standard indicators, and $97.00 secrets. It involves the learning of how the Market Makers run their business. Learning how to read the one true constant of the financial markets which is the manipulation of traders BELIEFS about future price. Once you understand how your beliefs are manipulated as a trader and then apply that understanding to the market, never again will you look at the markets and experience a feeling of unknowing or uneasiness.
This is an original article by Martin Cole. Forex Trader for near 20 years

Please note* These are MY opinions, I have traded my opinions for near 20 years. If you have different opinions and trade them successfully then they are every bit as valid to you as mine are to me.

PPS I would have liked to start a new thread with this but as a junior member I only had the option of replying to a post (so apologies if this post does not 'fit' to the original thread)

thanks LG off to bed, will be up in ~4 hr

about the break of 4 h1 candles, is there any rule to avoid fake brakes?

LG, what's your thoughts on going short on the GBP/USD? Of coarse, I would wait for the BO confirmation. The 1H, 4H, daily, and weekly RSI are all down.
Thanks!

you can using line chart instead of candlestick

Confirmation on M15 chart.

It looks promising. Should wait, as you said.

all right!

and about the stop? some fixed amount or theres a rule to it also?

Profits and stops are generally the next support/resistence area or you can use fixed TP and stops. I often use the R/S areas as marked by the first four candles as a stop.

Make sure you read the thread...at least the first 10 or so pages.

We were looking at this pair on the weekly chart. Looks like a H1 4C BO setting up also.

ok, ty!

Really moving down. At the top of my watch list now.

Setting up.

My favorite pair.

Channel trade set up.

anyone else watching this H1 BO? thoughts?

this one had a BO to go long with m15 confirmation, right?

Is already BO? but RSI not confirmed yet? time to long?