MoneyTec Traders Community Forum - View Single Post - Another very obvious manipulation was Friday.

Habib · 15-08-2004, 07:29

As I indicated earlier I was able to see that it was just a manipulative move down and was able to make some money on the cable. I don't like buying EUR/USD though so I stayed away from that pair. I have the feeling that the loose-grip shakeoff was done by market makers (main purpose probably was fooling the programmed trading logic of those who still have to somehow provide for such tactics) in an otherwise thin market as all major players were sitting on their positions awaiting the bad US data.
I loved that all-predictable day, but am concerned that one day I may get caught in some genuine big tide against me disguised as a manipulative move. So I am trying to know more about such games they play.

15-08-2004, 07:29	#9
Habib level 3 Join Date: Jun 2004 Posts: 269 Downloads: 0 Uploads: 0 Rep Power: 0	I had no problem with that game. As I indicated earlier I was able to see that it was just a manipulative move down and was able to make some money on the cable. I don't like buying EUR/USD though so I stayed away from that pair. I have the feeling that the loose-grip shakeoff was done by market makers (main purpose probably was fooling the programmed trading logic of those who still have to somehow provide for such tactics) in an otherwise thin market as all major players were sitting on their positions awaiting the bad US data. I loved that all-predictable day, but am concerned that one day I may get caught in some genuine big tide against me disguised as a manipulative move. So I am trying to know more about such games they play. Last edited by Habib : 15-08-2004 at 12:24.