DislikedNow anybody can say that what's happening now isn't manipulation and some big money guys or institution are trying to buy their third Bugati or jet?!!!! So is there any logic that after German services are 55 (lower than expected 0.4 point) ,and ADP non farm payroll is higher 10000 jobs than expected,now EUR/USD is hiking over 1.1080 so fast?I bet expert and forecaster would say that the 0.5 point less than expected US PMI SERVICES is the cause?!!!! This is 99.9999 % pure manipulation ,easy money for them ,and later they 'll take the pair 200 pips...Ignored
- #23
- Feb 3, 2016 8:23am Feb 3, 2016 8:23am
- | Joined Oct 2012 | Status: in between fear and euphoria | 830 Posts
{quote} A+, my friend! FX is to be traded technically. And yes, it is a mindset problem--one that most beginners have trouble getting out of until their pay their dues as it were. The only thing is that news can get in the way of a technical setup so watching out for the major releases is important (but only to get out of their way). ___________________________________________ >> Quinton’s Simple & Effortless Trading thread
{quote} Let us suppose for the argument's sake that IT IS manipulated - Why on earth would that affect your trading based on technical analysis, especially in the long term? I'm asking you why do you need to know whether it is manipulated or not? Curiosity? - that would be an ok answer, but if that curiosity affects your trading, then it's no longer curiosity...it's an emotion, and we all know how emotions and trading go along well. I'm not criticising your current situation (you said you didn't lose anything today), but the fact that you need to...
Still that has nothing to do with this thread .
why it's important?because if Forex markets could manipulated during news and very clearly like this big hike,it means that the market could be manipulated at any time and it's done subtly moving the price slower,which 'll affect intraday trader ,maybe not for longer time traders .
Reading markets after years of watching it become much easier,even the randomness has a pattern ,and in 80-90% of the cases the direction of the market could be figured easily ,still the success rate would be decreased to 40-60% because of these subtle manipulations targeting traders with smaller fund that can't handle 100 pips SL .
And yes maybe these manipulations create patterns ,great if you could figure it out ,but i still have no clue about it .By the way I'm not speaking of the small tricks like SL hunting and that you should put your sl pips away from S and R ,that 's common sense ,and the manipulators know that you know about it .
I repeat this is just my opinion ,my view ,still i respect your opinion that there is no manipulation ,or that it is non significance .
I quote here an expert analysis about the incident :
"In fact, the ISM Non-manufacturing has come in at 53.5 during January, missing expectations and dropping from December’s 55.3. The data adds to a lower Services PMI tracked by Markit posted before. On the bright side (theoretically at least), the ADP report showed the US private sector added 205K jobs during last month, bettering initial forecasts, although markets largely ignored the print."
Do markets ignore ?!!!who does he mean by the markets here?