Find the points or levels of manipulation of banks | Forex Factory

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Find the points or levels of manipulation of banks

  • #1
  • First Post: Apr 2, 2017 1:52pm Apr 2, 2017 1:52pm
I have found an Indicator on eBay and they claim that their indicator can find the points or levels of manipulation where the banks are buying and selling in session of London and New York! They also claim that the banks always want to touch your stop loss and we take advantage of the movements that they do.

Is that possible and is that the truth?

Please let me know your thoughts about this claim and about this Indicator
Thanks!
Here is the link
  • #2
  • Apr 2, 2017 2:42pm Apr 2, 2017 2:42pm
I gave a quick look out of curiosity.

It picks bank levels? My very first red flag was 'works on M15 and 4Hour timeframe' - because bank levels are not timeframe dependant. They are price levels.

Then I watched a few 10 second clips through the video. It is an MT4 indicator. It looks like channels that follow a moving average.

There's plenty of cats around here that could give you as much for free. Magnumfreak used a MA channel successfully (back when he used to post here) You could probably still find it.
  • #3
  • Apr 2, 2017 2:48pm Apr 2, 2017 2:48pm
come on mate, use your head ebay...seriously?
  • #4
  • Apr 2, 2017 2:56pm Apr 2, 2017 2:56pm
Quoting fxforexnew
I have found an Indicator on eBay and they claim that their indicator can find the points or levels of manipulation where the banks are buying and selling in session of London and New York! They also claim that the banks always want to touch your stop loss and we take advantage of the movements that they do. Is that possible and is that the truth? Please let me know your thoughts about this claim and about this Indicator Thanks! Here is the link
he is the marketer
WaBaS Where are Buyers and Sellers
  • #5
  • Apr 2, 2017 3:09pm Apr 2, 2017 3:09pm
Here's the thing...... if this indicator, or these levels, or this program were profitable - there is no way he would give it all away for a lousy couple hundred bucks.

If these levels had any edge at all, he would just be giving away his golden goose. Because the levels - sooner or later - would get bought and the edge would be gone. (That's assuming that there was any edge at all to begin with)

A couple of cherry picked EuroYen trades aint gonna make you rich. It's not going to work all the time either. Just like every other indicator - they all work sometimes and they all fail at other times.

Oh yeah..... and you aint never gonna know. Because you have to pay 200 USD to even test it out.

And when it doesn't work and the 200 bucks is gone..... you're going to know in your head that you knew all along that it was always bull sh^t.

It's just some guy out to make a couple hundred bucks.
  • #6
  • Apr 2, 2017 3:23pm Apr 2, 2017 3:23pm
Very true, but it is only an indicator, we can measure in a specific Time because of the support and resistance of the indicator. I recommend using several indicators for measuring the time and volume of different periods.


Yes, it is true because I know of it.
  • #7
  • Apr 3, 2017 3:52am Apr 3, 2017 3:52am
Quoting Price
I gave a quick look out of curiosity. It picks bank levels? My very first red flag was 'works on M15 and 4Hour timeframe' - because bank levels are not timeframe dependant. They are price levels. Then I watched a few 10 second clips through the video. It is an MT4 indicator. It looks like channels that follow a moving average. There's plenty of cats around here that could give you as much for free. Magnumfreak used a MA channel successfully (back when he used to post here) You could probably still find it.
Thanks
  • #8
  • Apr 3, 2017 3:52am Apr 3, 2017 3:52am
Quoting Liquidsnake
come on mate, use your head ebay...seriously?
Yes..your right
  • #9
  • Apr 3, 2017 3:53am Apr 3, 2017 3:53am
Quoting mr.brown
{quote} he is the marketer
lol..no I'm not.. I only want to know everybody thoughts
  • #10
  • Apr 3, 2017 3:55am Apr 3, 2017 3:55am
Quoting Price
Here's the thing...... if this indicator, or these levels, or this program were profitable - there is no way he would give it all away for a lousy couple hundred bucks. If these levels had any edge at all, he would just be giving away his golden goose. Because the levels - sooner or later - would get bought and the edge would be gone. (That's assuming that there was any edge at all to begin with) A couple of cherry picked EuroYen trades aint gonna make you rich. It's not going to work all the time either. Just like every other indicator - they all...
Yes, your right..in my head I knew it, but for confirmation, I ask you guys to help me out. so thanks Price, this is really helping me out. I do not buy it!!
  • #11
  • Apr 3, 2017 3:56am Apr 3, 2017 3:56am
Quoting whateveridon
Very true, but it is only an indicator, we can measure in a specific Time because of the support and resistance of the indicator. I recommend using several indicators for measuring the time and volume of different periods. Yes, it is true because I know of it.
Can you explain what you know of it please?
  • #12
  • Apr 3, 2017 7:31pm Apr 3, 2017 7:31pm
Quoting fxforexnew
{quote} Can you explain what you know of it please?
I can.
  • #13
  • Apr 4, 2017 12:19am Apr 4, 2017 12:19am
Quoting whateveridon
{quote} I can.
okay then please share this or send me a pm
  • #14
  • Last Post: Apr 4, 2017 8:25am Apr 4, 2017 8:25am
Quoting fxforexnew
{quote} okay then please share this or send me a pm

I will do it.
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