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Cable Update (GBPUSD)

  • #353,801
  • Nov 21, 2013 3:42am Nov 21, 2013 3:42am
Quoting petetong
Hello, the 'manipulators' are back lol - I wonder what the correlation is between those shouting manipulation and those in losing positions/losing on this pairing ? quite high I suspect ? Is yesterday's daily candle a sign of things to come ? and if so where people saying that bout the day before's, yesterday ? Daily still rangy in the box. Best Wishes {image}

he is losing money and frustrated..nothing wrong in that..i say its healthy for him to express himself..i must say first time today i have to say GBP strength is seriously quite troubling..im getting concerned
  • #353,802
  • Nov 21, 2013 3:51am Nov 21, 2013 3:51am
Who are these manipulators? As someone else said ...even if you are right ... it isn't the reason you are losing in this pairing...they ain't targeting you. If the market goes against us it's cause we are wrong not the market ...and the market doesn't have to explain itself.

Best wishes.

Quoting Ck87
{quote} Still rangy for sure. Whether I make 100's of thousands trading or I lose, the reality is it's all manipulated. I know this. That's the real world and the world we live in.
it's all gone a bit........
  • #353,803
  • Nov 21, 2013 3:53am Nov 21, 2013 3:53am
Quoting petetong
Who are these manipulators? As someone else said ...even if you are right ... it isn't the reason you are losing in this pairing...they ain't targeting you. If the market goes against us it's cause we are wrong not the market ...and the market doesn't have to explain itself. Best wishes. {quote}

If you have to ask who the manipulators are then you're not capable of comprehending the reality. And yes you're right, I'm at fault regardless.
  • #353,804
  • Nov 21, 2013 3:57am Nov 21, 2013 3:57am
Quoting 1pipperhour
{quote} Sorry sir but I wouldn't say it's a flag. At least not on 5 min.
dont apologise m8, it's a flag to me and nothing anyone can say will shake that. just cos it dont fit babypips drawings of a flag (and that is not meant as a dig at you) dont mean it aint one. Not to me anyway. There's a high probability that whatever we want to call it will hold price down, at least for a bounce, maybe more. Of course i could be wrong, but i wont blow in the wind and these are the things i look at.
  • #353,805
  • Nov 21, 2013 3:57am Nov 21, 2013 3:57am
Quoting petetong
Hello, the 'manipulators' are back lol - I wonder what the correlation is between those shouting manipulation and those in losing positions/losing on this pairing ? quite high I suspect ? Is yesterday's daily candle a sign of things to come ? and if so were people saying that about the day before's, yesterday ? Daily still rangy in the box. Best Wishes {image}
every market is manipulated. period. Even the drop of EU Monday in New York session was manipulated. Period.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,806
  • Nov 21, 2013 3:59am Nov 21, 2013 3:59am
Well, monthly is rangy, weekly in uptrend and daily ranging so anything can happen. Other than data etc the biggest potential event risk in next few months that is known is probably the u.s debt ceiling again and when tapering will begin. Personally I think that the odds are presently skewed such that it will generally go up so you and other longer term bears may see things go against you...but things can change very quickly....so I just try and trade what I see as it saves having to have a fixed view that I have to rely on for trading decisions, of any duration, let alone longer term.

Best wishes.

Quoting nAVIN2007
{quote} he is losing money and frustrated..nothing wrong in that..i say its healthy for him to express himself..i must say first time today i have to say GBP strength is seriously quite troubling..im getting concerned
it's all gone a bit........
  • #353,807
  • Nov 21, 2013 4:02am Nov 21, 2013 4:02am
Quoting Ck87
{quote} If you have to ask who the manipulators are then you're not capable of comprehending the reality. And yes you're right, I'm at fault regardless.
what is your obsession that YOU are right and price MUST come down? Please tell me who is manipulating this up? Why do so many people insist that price must do this and must do that when what they really mean is "price should go in a straight line to my target, otherwise it's rigged".
I think GU will form another peak, like the previous 2, then it might drop. But i'll watch PA and trade accordingly.
  • #353,808
  • Nov 21, 2013 4:06am Nov 21, 2013 4:06am
Are we in the matrix lol and if so which level ? The question is not whether it is manipulated but whether on this or any other such playing field you can gain an edge and if you can't - stay off it or of course stop being so arrogant and trade what you see because otherwise you are basically saying that your view is right and the market's is wrong for whatever reason ( like it got manipulated.) Funny though isn't it that those doing the manipulating always seem to hold an opposing view. No one ever comes on here praising so called manipulators cause they 'manipulated' them into a winning trade!

Best wishes.

Quoting Ck87
{quote} If you have to ask who the manipulators are then you're not capable of comprehending the reality. And yes you're right, I'm at fault regardless.
it's all gone a bit........
  • #353,809
  • Nov 21, 2013 4:07am Nov 21, 2013 4:07am
Are those people new or just naive or what? Tell me which market is not manipulated? Tell me which market is not rigged?

The thing is no matter how it is manipulated, you have your ways to trade it.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,810
  • Nov 21, 2013 4:10am Nov 21, 2013 4:10am
Quoting Ck87
I'll leave that to you to figure out. But I'm a moron for even trading GU, been saying for a while AU is the best pair to short out of all of them, and I Ignore my own advice. Retarded

Well you dropped bombshell ( there is manipulation for GU) and you don't want to explain so that I and many others can recognize it too now and in a future....That is not nice...
The Market pays you to be disciplined
  • #353,811
  • Nov 21, 2013 4:13am Nov 21, 2013 4:13am
..................
My GJ, AU & AG is doing very well.
GU just KIV first, should be down somewhere.
Face both Win and Lose bravely
  • #353,812
  • Nov 21, 2013 4:13am Nov 21, 2013 4:13am
Tell us who are the manipulators, what exactly are they doing to manipulate the market/instruments, and why? For eg gbpusd is a 440-500 billion dollars a day market (11% of fx market)

Best wishes

Quoting ffleo
Are those people new or just naive or what? Tell me which market is not manipulated?
it's all gone a bit........
  • #353,813
  • Nov 21, 2013 4:17am Nov 21, 2013 4:17am
Quoting petetong
Tell us who are the manipulators, what exactly are they doing to manipulate the market/instruments, and why? For eg gbpusd is a 440-500 billion dollars a day market (11% of fx market) Best wishes {quote}
do not be so foolish. Someone from the Fed or ECB just need to open their mouth to say something.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,814
  • Nov 21, 2013 4:17am Nov 21, 2013 4:17am
manipulated or not, the only thing I care is it is sideway or trending right now
In the end its just a stupid numbers game
  • #353,815
  • Nov 21, 2013 4:24am Nov 21, 2013 4:24am
it's not me that is being foolish ...that is not manipulation ...central banks have an interest in what their currency trades at - it affects what they are targeted on - ie price stability, inflation and growth usually.........other influential people may also say something that they hope will affect the market - for less altruistic reasons...for eg Soros - and he is in it purely for profit...this is just what happens in a market - it is not manipulation - Doh !

Best Wishes

Quoting ffleo
{quote} do not be so foolish. Someone from the Fed or ECB just need to open their mouth to say something.
it's all gone a bit........
  • #353,816
  • Nov 21, 2013 4:34am Nov 21, 2013 4:34am
Quoting petetong
it's not me that is being foolish ...that is not manipulation ...central banks have an interest in what their currency trades at - it affects what they are targeted on - ie price stability, inflation and growth usually.........other influential people may also say something that they hope will affect the market - for less altruistic reasons...for eg Soros - and he is in it purely for profit...this is just what happens in a market - it is not manipulation - Doh ! Best Wishes {quote}
can you just do a google search? Now keep your mouth shut.
http://www.theguardian.com/business/...y-manipulation
http://forexmagnates.com/goldman-sac...investigation/
http://www.bloomberg.com/news/2013-1...t-rigging.html
http://www.bloomberg.com/news/2013-1...-on-leave.html

and more
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,817
  • Nov 21, 2013 4:46am Nov 21, 2013 4:46am
That wasn't the example you cited - you said '...Someone from the Fed or ECB just need to open their mouth to say something...' and I responded to that. The links you post may be considered manipulation or may not - likely will be...although this is a very unregulated market (forex.) If manipulation is per OED ..'controlling someone or something to your own advantage often dishonestly or unfairly..' and the authorities deem this (per the stories in your links) to be so - then those traders/institutions may be in trouble...but even if this is the case - it does not mean that the whole huge market is rigged all the time per that definition....there will always be scandals in any market...... As others have said - whatever the case there is no point moaning about it - accept the playing field for what it is or don't play. It may not be the case with you but others moaning about manipulation are almost certainly losing/in a losing position (s) and they are sore that the market went against them and looking to blame anyone but themselves/their own analysis.

Best Wishes.

Quoting ffleo
{quote} can you just do a google search? http://www.theguardian.com/business/...y-manipulation http://forexmagnates.com/goldman-sac...investigation/ http://www.bloomberg.com/news/2013-1...t-rigging.html and more
it's all gone a bit........
  • #353,818
  • Nov 21, 2013 4:50am Nov 21, 2013 4:50am
Quoting petetong
That wasn't the example you cited - you said '...Someone from the Fed or ECB just need to open their mouth to say something...' and I responded to that. The links you post may be considered manipulation or may not - likely will be...although this is a very unregulated market (forex.) If manipulation is per OED ..'controlling someone or something to your own advantage often dishonestly or unfairly..' and the authorities deem this (per the stories in your links) to be so - then those traders/institutions may be in trouble...but even if this is the...

this post sounds reasonable. Like I just said a while ago, no matter how they manipulate it, find your ways to trade it.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #353,819
  • Nov 21, 2013 4:51am Nov 21, 2013 4:51am
Quoting ffleo
{quote} are you serious? EU is the best to scalp and swing. It can go one way a lot, but it will retrace. You do not worry about got stuck in wrong way, because it will retrace. AU and GU on the other hand will keep going one way for a long time. If you get in the wrong way, you have to take a loss.
I guess we are seeing it differently. I am talking about the general volatility and the movements that happen inside one 4hr bar (projected to 2-3 days) which is what I am mostly trading. i.e. EU will move 40 pips up in a 4hr bar and during that 4 hours it will not go down the same 40 pips and then 40 up, might do 10 or so. It can go like that for 3-4 days. GU on the other hand will move up 40 pips in 4 hrs and during this 4hr bar it can go down and up the same 40 pips 3-4 times.
  • #353,820
  • Nov 21, 2013 4:54am Nov 21, 2013 4:54am
Quoting sakisf
{quote} I guess we are seeing it differently. I am talking about the general volatility and the movements that happen inside one 4hr bar (projected to 2-3 days) which is what I am mostly trading. i.e. EU will move 40 pips up in a 4hr bar and during that 4 hours it will not go down the same 40 pips and then 40 up, might do 10 or so. It can go like that for 3-4 days. GU on the other hand will move up 40 pips in 4 hrs and during this 4hr bar it can go down and up the same 40 pips 3-4 times.
yes i agree cable is very volatile.
good luck for your trades.
me off to bed now.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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