Quote:
Originally posted by bobnat
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You stated with absolute certainty that the market was manipulated at a certain time. I question how you know this and you view it as an attack. I call it personal honesty, you call it criticism.
It's really not personal Habib, just call it a personal and professional curiosity. After many years of encountering people who state with absolute certainty that their knowledge is absolutely certain, I like to question them as to how they have attained this absolute state. It's something I wish I could attain but have failed to do over all these years.
And I wasn't bragging, I was being sarcastic towards your stating of the obvious.
Nat
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bobnat,
There is nothing certain in this world except the fact that each of us is going to perish one day.
I thought I explained in my first few posts on this thread, but for your sake I will do it again.
That day early morning when I woke up, Tokyo was at mid-day, Europe had not yet opened and I said to myself today EUR/USD and GBP/USD (and others against USD) are definite buys because later at 12:30 GMT we can almost certainly expect very bad US data. I got the gut feeling that they were going to shake off the lose grips before we approached that time. I waited and waited for GBP/USD to drop to around 1.8130 level and bought there. When the data came out GBP/USD suddenly shot up as I had expected. So it gave me a handsome profit.
What I am saying is I could fore-tell their behaviour by my gut feeling. I could not believe any sane person would be selling GBP/USD or EUR/USD that european morning knowing what to expect later. That downward pressure sure seemed like manipulation to me, although I took advantage of it.
Now, can I prove in a court of law that they manipulated? No, of course not.
It is your gut feeling that comes with your familiarity with the market that is important. I am trying to learn more about such market moves so that I can be a bit more confident with my "gut feelings".
That is all. No wisdom claimed here. May be it was just a coincidence, but because it worked exactly as I anticipated (labelling the downward move manipulation), I still stick to my notion that it
was manipulation indeed. However as more and more members shed light on this subject, I may have to amend my notion.
And that hint about "no point bragging" was about "I bragging" not "you bragging".