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  • #865,741
  • Dec 25, 2013 3:19pm Dec 25, 2013 3:19pm
Quoting milam
{quote} Merry Christmas to you also.
Merry Christmas to all who celebrate............... from Shalom Bloomberg
The Thief of Wall Street
  • #865,742
  • Dec 25, 2013 3:24pm Dec 25, 2013 3:24pm
Quoting Chicky
{quote} Merry Christmas to all who celebrate............... from Shalom Bloomberg
Merry Christmas mr King.
Wherever you go, there you are.
  • #865,743
  • Dec 25, 2013 3:59pm Dec 25, 2013 3:59pm
Quoting Tom_D_Trader
{quote} FEDs balance sheet alone has recently topped 4 Tril USD. Kind of strange chart. Makes one think who the heck is making these charts. http://blogs.wsj.com/economics/2013/...b/interactive/
I will try to google it another day, but the website i quoted belong to one of the big players in the FX markets ...

* Anyway, i just came back from the Ciname and saw " The Wolf of Wall streets " ...damn, there is too many naked models and top quality Jean Dujardin is also on the movie, playing as a swiss banker - which wasn't featured on the trailer.
"It's the Margin, Stupid."
  • #865,744
  • Dec 25, 2013 4:06pm Dec 25, 2013 4:06pm
Quoting Davit
{quote} Simply fading the majority of retail traders does not work.It is too simplistic and easy.Easy to me equals equity bleeding. For example 75% retail traders were long on Aussie last visit to 89 and price bounced to 97 before plunging down again.Ging short there would of been a huge mistake despite that majority retail were long.Retail traders account 6% of the market hence insignificant in terms of providing reasons for big players using retail positions as contrarian indicator. If you can provide valid study proving this theory correct then...


Besides, taking out stops or other types of manipulation etc is only possible in very low liquidity in the forex market. It is rampant in the stock market though where you have a fraction of the market size that is easy to manipulate by a few players. When I see comments such as brokers taking out stops I somehow have the feeling they are coming from stock market converts. It just doesn't work that way in forex. At least not yet.
The price will go where it has to go.
  • #865,745
  • Edited 4:39pm Dec 25, 2013 4:21pm | Edited 4:39pm
Quoting mitrapips
{quote} Besides, taking out stops or other types of manipulation etc is only possible in very low liquidity in the forex market. It is rampant in the stock market though where you have a fraction of the market size that is easy to manipulate by a few players. When I see comments such as brokers taking out stops I somehow have the feeling they are coming from stock market converts. It just doesn't work that way in forex. At least not yet.

Mitrapips
I like to share slight modification to my BB set up with you.Main difference instead of 14 RSI I changed it to 8RSI.I like responsiveness of 8
Play with it like paper trading until you feel comfortable.Notice the divergence on RSI
Trades are only taken when price is inside green bands on RSI and price is pierced inside BB 2nd 3rd deviations.Trades are taken from daily only.
Regards
Attached File(s)
File Type: tpl davit bb.tpl   11 KB | 231 downloads
In trading, you have to be defensive and aggressive at the same time
  • #865,746
  • Dec 25, 2013 5:06pm Dec 25, 2013 5:06pm
Quoting Ck87
{quote} Main problem is that there are so many shorts. It makes me think some of these guys on here looking for 1.4-1.5 could be right. Only for that reason though. But what could happen is Euro could start the down move and more people will become bullish as it falls. I don't know the actual figures on the EU bull/bear ratio, but clearly people are still very bearish. It is best to wait these scenarios out for more confirmation from PA.
rat
  • #865,747
  • Dec 25, 2013 5:08pm Dec 25, 2013 5:08pm
Quoting mitrapips
{quote} Besides, taking out stops or other types of manipulation etc is only possible in very low liquidity in the forex market. It is rampant in the stock market though where you have a fraction of the market size that is easy to manipulate by a few players. When I see comments such as brokers taking out stops I somehow have the feeling they are coming from stock market converts. It just doesn't work that way in forex. At least not yet.
It does. I moved from stocks to forex based soley on the understanding you have, but forex is much more manipulative than stocks. Currency levels are decided in advance. All sort of manipulation is done to touch these levels, at all levels from governments, central banks to brokers. Will take few days for me to site the examples, but meanwhile you can check from Gatorinla, I believe he has all the information ready.............. and also the levels.
The Thief of Wall Street
  • #865,748
  • Dec 25, 2013 5:19pm Dec 25, 2013 5:19pm
Quoting Chicky
{quote} It does. I moved from stocks to forex based soley on the understanding you have, but forex is much more manipulative than stocks. Currency levels are decided in advance. All sort of manipulation is done to touch these levels, at all levels from governments, central banks to brokers. Will take few days for me to site the examples, but meanwhile you can check from Gatorinla, I believe he has all the information ready.............. and also the levels.
Thank you for your opinion. What you are suggesting is big players playing off of technical levels. That is expected (and beneficial for technical traders like us) and hardly the manipulation you see in stock markets. Hardly. Without going into what Gatorina has got to show, I will hazard a guess that most of those manipulation occurs when the liquidity is super low like in the aussie session or days like today. If someone says that players are manipulating the london close then I have to look the other way, sorry.
The price will go where it has to go.
  • #865,749
  • Dec 25, 2013 5:57pm Dec 25, 2013 5:57pm
Quoting mitrapips
{quote} Thank you for your opinion. What you are suggesting is big players playing off of technical levels. That is expected (and beneficial for technical traders like us) and hardly the manipulation you see in stock markets. Hardly. Without going into what Gatorina has got to show, I will hazard a guess that most of those manipulation occurs when the liquidity is super low like in the aussie session or days like today. If someone says that players are manipulating the london close then I have to look the other way, sorry.
Do a bit of searching for manipulation around the London Fix in the past 2 years and try not to look too deep, or let the findings influence you too much. Go technical and don't look left and right.
  • #865,750
  • Dec 25, 2013 6:06pm Dec 25, 2013 6:06pm
hey giveachance, i give u tp for SP500 short. 1071. go for it
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #865,751
  • Dec 25, 2013 6:07pm Dec 25, 2013 6:07pm
"Manipulation" happens but that's liquidity problem.
In order to place 10b order at times market can't absorb that order hence the order is broken in chunks and placed sequentially thus creating a spike.
Average retail trader places his SL 20-50pips on S/R,Round Numbers and fib levels and often fall victim of large order flow.
Key is figuring out SL placement.
In trading, you have to be defensive and aggressive at the same time
  • #865,752
  • Dec 25, 2013 6:16pm Dec 25, 2013 6:16pm
Quoting mitrapips
{quote} Thank you for your opinion. What you are suggesting is big players playing off of technical levels. That is expected (and beneficial for technical traders like us) and hardly the manipulation you see in stock markets. Hardly. Without going into what Gatorina has got to show, I will hazard a guess that most of those manipulation occurs when the liquidity is super low like in the aussie session or days like today. If someone says that players are manipulating the london close then I have to look the other way, sorry.
It is at much bigger level than you are anticipating. Lodon open is nothing, they manipulate in a big way. For example, sometimes they make Nigerian oil an issue on a petty fight between a local and foreign worker on some pipeline that has yet to flow oil in five or six years, some times it is the country ratings announced unexpectedly at a very critical time, and ofcourse, we all have signed a risk declaration that warns us about the central banks' interference. Some countries are polite enough to disclose the levels they are planning to intervene, some just dont.
The Thief of Wall Street
  • #865,753
  • Dec 25, 2013 6:36pm Dec 25, 2013 6:36pm
Quoting Chicky
{quote} It is at much bigger level than you are anticipating. Lodon open is nothing, they manipulate in a big way. For example, sometimes they make Nigerian oil an issue on a petty fight between a local and foreign worker on some pipeline that has yet to flow oil in five or six years, some times it is the country ratings announced unexpectedly at a very critical time, and ofcourse, we all have signed a risk declaration that warns us about the central banks' interference. Some countries are polite enough to disclose the levels they are planning to...
If you want to experience how they do it, just keep an eye on the world when it breaks 1.3850/70.
The Thief of Wall Street
  • #865,754
  • Dec 25, 2013 6:40pm Dec 25, 2013 6:40pm
Quoting Mr Hatch
{quote} Do a bit of searching for manipulation around the London Fix in the past 2 years and try not to look too deep, or let the findings influence you too much. Go technical and don't look left and right.

Banging the close


http://www.zerohedge.com/news/2013-0...on-closing-fix
  • #865,755
  • Dec 25, 2013 6:57pm Dec 25, 2013 6:57pm
xxxjpy crosses are touching sky while brokers are frightened and widing spread . fekers
Get Rich or Die Tryin
  • #865,756
  • Dec 25, 2013 7:20pm Dec 25, 2013 7:20pm
1.3664 is the next level to go long. If this long survives (sl below 1.3518 support) and the yellow line (marked with green arrow) becomes a support, there is no looking back until it gets to 1.4444

3518

3811
293

147
3664
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #865,757
  • Dec 25, 2013 7:20pm Dec 25, 2013 7:20pm
Quoting infinitus
{quote} Banging the close http://www.zerohedge.com/news/2013-0...on-closing-fix
Even if that is true, forex market is by and large much bigger than all other markets, much less exposed to algorithmic trading (although it probably is a matter of time before it becomes such) and therefore easier to trade on technicals. My original post on this subject was referring to the number of comments that I see suggesting the market is being manipulated. Most of them looked to me as big players waiting for the pullback to go to a particular level before jumping in.

No matter which market you trade you will always find people blaming manipulation and markets being rigged etc for their own losses. Markets have always been rigged since the time of Livermore, one way or the other. But the bigger the market, smaller is the chances of manipulation because I just don't see BOJ and BOA ganging up together to do shady deals on the sly. Individual stocks..happens all the time. Stock indices..frequent. Forex…I think it is much rarer.
The price will go where it has to go.
  • #865,758
  • Dec 25, 2013 7:31pm Dec 25, 2013 7:31pm


I must go now.
  • #865,759
  • Dec 25, 2013 7:54pm Dec 25, 2013 7:54pm
Quoting Mr Hatch
I must go now.
Just go... Never come back, you and your posts caused some serious damage to many. I still keep getting emails from the victims of "mofu levels" of you and Gator... What a joke... Risking 5 pips for 200 pips kind of trade set up. You are hurting people with the credibility that FF members so far have given you. Just please stop it.
  • #865,760
  • Dec 25, 2013 7:59pm Dec 25, 2013 7:59pm
Quoting math_GB
{quote} Just go... Never come back, you and your posts caused some serious damage to many. I still keep getting emails from the victims of "mofu levels" of you and Gator... What a joke... Risking 5 pips for 200 pips kind of trade set up. You are hurting people with the credibility that FF members so far have given you. Just please stop it.
That's harsh ...................... real harsh.

Please drink responsibly.
The Thief of Wall Street
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