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The Big secret to trading success

  • #361
  • May 3, 2016 3:30pm May 3, 2016 3:30pm
Listen guys, if you want to discuss manipulated/rigged markets, then go and start your own thread and discuss it till the cows come home. I trade what I see...I monitor price movement, I watch potential trading opportunities develop, and if things shape up the way I want them to, I take the trade. I place my stop within my risk level and at a safe enough distance not to be stopped out by a small adverse move, and I wait, and I do that several times a day, sometimes less, sometimes more. I don't think about manipulation or rigging, it plays a zero % role in my trading. That is my line. If you want to conspiracize about dark forces working to kill you off as a trader, then go elsewhere...you can call your new thread the ' Darth Veder stop hunting paranoiac ' thread or something similar, but just keep that gibberish away from here, because honestly, it doesn't do anybody any favours. Thanks!
  • #362
  • May 3, 2016 3:33pm May 3, 2016 3:33pm
Quoting GEfx
The forex is certainly manipulated, but I don't know what rigged means. Rigged meaning that a bunch of bank insiders are working together to move it to and from predetermined levels? That is not how it works. It's what happens, but not how it works. And manipulation happens on a much larger level than the banks.
A good example of rigging the market would be barclays and there over night libor rates .the advantage they gained was nothing short of fraud and deception of which they have payed hundreds of millions of dollers in fines and sacked most of there traders some of which are still waiting there trials.even the chairman of the bank of england in an email suggested they be a little more concervative with there fixes,dont get any more rigged than that.

sorry cat just seen your last post after i posted ,last said on the matter
  • #363
  • May 3, 2016 3:43pm May 3, 2016 3:43pm
I don't know why so many people refuse to face the truth that markets ARE manipulated?? Not just forex, but ALL markets are manipulated in one way or another. After all that's what speculation is all about.....There are less than 20 international investment banks, and other financial institutions who control all markets. These people make the rules, these people not only contol all major financial markets, they practically OWN the markets. But that's not necessarily a bad thing for us (the small traders)!

We as small traders actualy can benefit from the actions of the manipulators and the ignorance of the crowd (the large portion). All you have to do is to LEARN how they think (you learn their strategies and tricks). Then you will be able to see the patterns as they unfold, and all of a sudden you will realize how simple the whole thing is. It's not rocket science as many people think.

In forex, all they (the market makers) do is push the prices around all day long (even when there is no real fundamental reason for the price to move). They create artificial supply and demand inside the order books in order to trick the crowd into believing that the price is going up or down. In the mean time they use the market orders of the crowd as real liquidity to accumulate positions in the opposite direction. When they are done, they push the price the orher way, thus creating what is knows as "squeeze".
Then as the crowd begins to cover their losing positions, the market makers use the stops as liquidity to get out (to collect their profits). This thing happens almost EVERY DAY, usualy multiple times. This is their major trick.


Watch this old classic documentary, very carefully. This is how they did it in the past, this is how they do it today! Some things change (technologies), but the game of speculation is exactly the same as it was many many years ago!

Inserted Video
  • #364
  • May 3, 2016 3:48pm May 3, 2016 3:48pm
Quoting cat
Listen guys, if you want to discuss manipulated/rigged markets, then go and start your own thread and discuss it till the cows come home. I trade what I see...I monitor price movement, I watch potential trading opportunities develop, and if things shape up the way I want them to, I take the trade. I place my stop within my risk level and at a safe enough distance not to be stopped out by a small adverse move, and I wait, and I do that several times a day, sometimes less, sometimes more. I don't think about manipulation or rigging, it plays a zero...
Dude, calm down. You are not putting up any five-course spread here that all of us naysayers are dying to come to your party. It's ok to have your own thread. It is also OK if you want to make it exclusive to certain posters. But asking for evidence of a viewpoint in a pretty open thread and then running away from an open discussion about it and crying out 'my thread your thread' just because the evidence contradicts your belief system is uncool and immature. Adios, I don't want to interrupt your lucid dream any further.
The price will go where it has to go.
  • #365
  • May 3, 2016 4:13pm May 3, 2016 4:13pm
Quoting alphaomega
I don't know why so many people refuse to face the truth that markets ARE manipulated?? Not just forex, but ALL markets are manipulated in one way or another. After all that's what speculation is all about.....There are less than 20 international investment banks, and other financial institutions who control all markets. These people make the rules, these people not only contol all major financial markets, they practically OWN the markets. But that's not necessarily a bad thing for us (the small traders)! We as small traders actualy can...

spot on the money perfect post
  • #366
  • May 3, 2016 4:14pm May 3, 2016 4:14pm
Quoting mitrapips
{quote} Dude, calm down. You are not putting up any five-course spread here that all of us naysayers are dying to come to your party. It's ok to have your own thread. It is also OK if you want to make it exclusive to certain posters. But asking for evidence of a viewpoint in a pretty open thread and then running away from an open discussion about it and crying out 'my thread your thread' just because the evidence contradicts your belief system is uncool and immature. Adios, I don't want to interrupt your lucid dream any further.
No one is running away, but this thread is not about market manipulation or rigging and I've already apologized for encouraging it with my previous post. But I have now asked, politely I believe, for this subject to be dropped as in my opinion it is irrelevant to this thread. If you or anyone else wish to discuss it further, then you can do so elsewhere. that was all I asked. Neither do I view this thread or any other as " my party ". There have been many excellent posts by a whole range of traders from highly experienced to less so, and people have benefited as a result. So if you think I am on some kind of ego trip, you are very mistaken. Take this thread or leave it, it matters not to me, but what does matter is that it stays true to its purpose, without wandering off onto some ridiculously subjective notion of market rigging, an argument usually put forward by those who have a grudge against the market, something I most certainly do not. I'll leave you to your own ' lucid dream' my friend.
  • #367
  • May 3, 2016 4:22pm May 3, 2016 4:22pm
This is perfect fresh example for price manipulation from today(GBPUSD)! The insiders and MM's know the economic numbers before the official releases so in this case they manipulate the price UP before the news in order to position themselves before the crowd!


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Click to Enlarge Name: GBP x.PNG Size: 37 KB
  • #368
  • May 3, 2016 4:27pm May 3, 2016 4:27pm
Quoting alphaomega
This is perfect fresh example for price manipulation from today! The insiders and MM's know the economic numbers before the official releases so in this case they manipulate the price UP before the news in order to position themselves before the crowd! {image}
What pair and time frame is that so that I can analyze it for myself to see if there was technical justification. This is an interesting thread, conspiracy theories can be interesting at least
  • #369
  • Edited 5:02pm May 3, 2016 4:29pm | Edited 5:02pm
Quoting alphaomega
I don't know why so many people refuse to face the truth that markets ARE manipulated?? Not just forex, but ALL markets are manipulated in one way or another. After all that's what speculation is all about.....There are less than 20 international investment banks, and other financial institutions who control all markets. These people make the rules, these people not only contol all major financial markets, they practically OWN the markets. But that's not necessarily a bad thing for us (the small traders)! We as small traders actualy can...
You are using some very old material as evidence for your claims. The markets have changed a lot since then, and they've changed a lot in the last eight years. During that time, due to stricter market regulation and supervision, most of the old tricks are out of play, and the infamous cross-institution chat rooms (free money if there ever were ) are gone. Ever since 2007-08 the intraday swing and volatility structure of fx markets have changed. And they've changed in a way that favours cat's approach to trading. What cat is talking about works in today's markets more than it did a decade ago.

So I don't really know what you're on about. What's the point of what you are saying? Can you share your insights into how broker-dealers currently run their operation so the rest of us can learn? How does it apply to what the thread starter is sharing?
  • #370
  • May 3, 2016 4:38pm May 3, 2016 4:38pm
It´s only fair to respect cat´s wish, to not comment on manipulation in this thread anymore....
I thought it would be usefull....being for me the key to my game...

One thing that did strike me though, was the emotional reaction of some, on the subject...

I don´t want to prove I´m right....I just need my sytem to work, and it does....I´m not attached emotionally to Forex...it´s just a business..cool, math game...

Anyway, I wish sincerely everyone here, the best of success...!!!
  • #371
  • May 3, 2016 4:39pm May 3, 2016 4:39pm
Quoting alphaomega
This is perfect fresh example for price manipulation from today(GBPUSD)! The insiders and MM's know the economic numbers before the official releases so in this case they manipulate the price UP before the news in order to position themselves before the crowd! {image}
we all know there is manipulations and this is part of market
my gbpusd chart.ı was waiting this level and it filled.it can be manipulated or not for this time
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  • #372
  • May 3, 2016 4:40pm May 3, 2016 4:40pm
living in a fairy tale here

Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement, Agrees To Expose Other Banks (ZH)
  • #373
  • May 3, 2016 4:49pm May 3, 2016 4:49pm
@cat will kill me no more post
lok at usdjpy minute chart
  • #374
  • May 3, 2016 4:53pm May 3, 2016 4:53pm
Quoting vasily
@cat will kill me no more post lok at usdjpy minute chart
yeah that's right, but that's not manipulation, it's a fair play.
  • #375
  • May 3, 2016 5:06pm May 3, 2016 5:06pm
Quoting vasily
@cat will kill me no more post lok at usdjpy minute chart
Thanks for the example Vasily. I will take this post to explain my point. USDJPY bounced of a double bottom on the weekly chart (Oct 18) as well as 200 SMA/EMA on the weekly as well (there may be other important levels on other time frames as well). Therefore you would expect it to react violently upwards. Now whether, the market makers seize this opportunity to run it up higher than it would otherwise have is anybody's guess. But for the small trader like us it doesn;t matter as long we are careful around important levels. I am not so prescient to suggest that I know this move or that move is manipulated. But I try to be knowledgeable enough to identify key levels where price is expected to react. That's all one needs to know while being open to the FACT (as furnished by numerous evidence) that the markets have been, can be and will forever be manipulated.
The price will go where it has to go.
  • #376
  • May 3, 2016 5:10pm May 3, 2016 5:10pm
Quoting mitrapips
{quote} Thanks for the example Vasily. I will take this post to explain my point. USDJPY bounced of a double bottom on the weekly chart (Oct 18) as well as 200 SMA/EMA on the weekly as well. Therefore you would expect it to react violently upwards. Now whether, the market makers seize this opportunity to run it up higher than it would otherwise have is anybody's guess. But for the small trader like us it doesn;t matter as long we are careful around important levels. I am not so prescient to suggest that I know this move or that move is manipulated....
double bottom triplple botom.ok.but this move at pacific time is short pending clearing.the upwards is cleared now and again this is part of the game.so no cry
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  • #377
  • May 3, 2016 5:14pm May 3, 2016 5:14pm
Quoting vasily
{quote} double bottom triplple botom.ok.but this move at pacific time is short pending clearing.the upwards is cleared now and again this is part of the game.so no cry {image}
and my pending short limit was here and no cry again

Attached Image


@cat
  • #378
  • May 3, 2016 5:16pm May 3, 2016 5:16pm
Quoting asgcorp
{quote} yeah that's right, but that's not manipulation, it's a fair play.
  • #379
  • May 3, 2016 5:21pm May 3, 2016 5:21pm
Quoting vasily
{quote} double bottom triplple botom.ok.but this move at pacific time is short pending clearing.the upwards is cleared now and again this is part of the game.so no cry {image}
However, it is equally important to know these spikes can be simply due to order imbalances and low liquidity with/without manipulation. It is best not to run after every spike crying foul. In fact, I think manipulations are less spiky in nature. They usually take longer to unfold. That's it, Cat, I will not disrupt your thoughts further. Glad to meet you! Happy trading.
The price will go where it has to go.
  • #380
  • May 3, 2016 5:32pm May 3, 2016 5:32pm
Quoting cat
I apologize to all the people who have made really great, informative and constructive comments on this thread. I apologize for allowing myself to be drawn into the ridiculous debate about whether the markets are rigged somehow in favour of an invisible elite who sit there day after day watching us trade and hunting down our stops. I have started other threads, all of which I believe to have been helpful to others, but unfortunately in all of them there have been the posters who come along to tell everybody that it's impossible to make money because...
Great call. In my 13 years of trading, I've never seen a "rigged" move. The manipulations are pretty obvious, but nothing is rigged. As for an individual creating a 100 pip move, it would be easier for that individual to create a wave in the ocean. A CB could do it, but certainly not an individual. Is this where people start posting examples?
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