DislikedOh look - the manipulation conspiracy theorists are here again lol...are you nursing short positions by any chance, and are sore that the market isn't going your way at the moment? Look, the market buys and it sells and each market participant has a different reason/target...currently the bulls look to be stronger so far this week ...but if price goes up it is because the market sees things differently than those that are holding short positions...ie there is more buying than selling going on - this is not manipulation - it is demand outsripping...Ignored
Cable Update (GBPUSD)
- #353,285
- Nov 15, 2013 6:54am Nov 15, 2013 6:54am
- | Joined Jun 2012 | Status: strezz | 1,239 Posts
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
- #353,286
- Nov 15, 2013 6:55am Nov 15, 2013 6:55am
{quote} why?
I ask you this, would you go to a casino you (and i'm not picking on you Navin, it's a general question
)KNEW cheated? If you would, then you're an idiot. If you trade forex and 'KNOW' it's rigged, you're an idiot. Granted there is some fixing going on but nobody has the liquidity to move the market completely their way so the best we can do is be aware of the likely plays going on and position ourselves accordingly. So i see the move that sparked this small debate as follows...
The lines on my chart there were drawn at midnight and have so far been respected to the pip, the daily ones at least. This shows us that if it is rigged, we can guess how, and if not, we can position ourselves correctly.
If you zoom out (as i understand you are a position trader) then it's a new set of lines which carry more weight than the intra day lines. They all however join up to make this bitch dance the way she does.
Nobody should trade LTF without some idea what's going on and a very clear idea of the BIG PICTURE.
- #353,287
- Nov 15, 2013 7:02am Nov 15, 2013 7:02am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} OK firstly petetong answered this perfectly already but from a technical perspective, this small move up the guy was moaning about was predictable. I am not doing a blow by blow account from every TF down, i dont have time, but needless to say the bullish flavour of recent months coupled with perceived improved fundies in UK against a country which will soon self destruct means (for me at least) we could go anywhere. But i am not concerned with that for now. The fundies are deep and complex. We trade technicals. I ask you this, would you...
your chart shows me that support is being worked..
- #353,290
- Nov 15, 2013 7:22am Nov 15, 2013 7:22am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #353,291
- Nov 15, 2013 7:23am Nov 15, 2013 7:23am
- Joined Nov 2012 | Status: Trader | 1,449 Posts
my view of GU. waiting weekly close.
- #353,292
- Nov 15, 2013 7:30am Nov 15, 2013 7:30am
- | Joined Jun 2012 | Status: strezz | 1,239 Posts
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
- #353,294
- Nov 15, 2013 7:33am Nov 15, 2013 7:33am
{quote} nice chart..btw u can feel the market is manipulated..there is nothing wrong in that at all..infact it can help u as well..for example knowing this allows one to use mm and play a game of probability instead of all knowing your chart shows me that support is being worked..
The important thing is to understand that when WE get it wrong, it was OUR fault, not the manipulations of the evil market makers.
- #353,295
- Nov 15, 2013 7:35am Nov 15, 2013 7:35am
- Joined Nov 2012 | Status: Trader | 1,449 Posts
{quote} oh that 6086 from fibo yes?
yes middle level of 0 and 23.6 fibos. (%11.8) other mean is %50 fibonacci level of from 0 to 23.6 level.
if you look my chart every fibo level have midpoint. they works as support or resistence generally.
- #353,296
- Nov 15, 2013 7:37am Nov 15, 2013 7:37am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
