Quote:
Originally posted by taotra
Knowing who is moving the market wouldn't do squat for you.
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The bottom line is, if you fail in Forex trading it's no one's fault but your own.
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Hi taotra,
I do not agree that knowing who is moving the market wouldn't do you diddly squat.
When a team go for a major match, it helps to know the turf, the weather, the crowd's bias etc. but the main thing that helps is knowing your opponent team and their modus operandi, and most importantly, their current state of mind, if you can.
As for calling it manipulation when it goes against your expectations, I would say, that particular Friday's move I was able to foretell and made use of it, as I have already indicated earlier. It did exactly as I thought it would do but I still call it manipulation. You know I am trying to learn and know more about these big players so that I can fine-tune my own game strategy to use when the chips are down.
And for those who follow the beaten track and run after a moving train, all I can say is best of luck but just be careful not to get run over by its wheels.