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08-14-04, 11:55 AM
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| Another very obvious manipulation was Friday. During the early european session they were moving EUR/USD and cable down when everybody knew that later that day, there was going to be an almost certain shocker in the form of US Trade Deficit. In fact they started preparing the manipulation game for cable a few days in advance and were displaying it to remain weak (silly reason being given was peaking of UK interest rates). So they were shaking off lose hands in the morning. It is pretty obvious that manipulation does take place in the market despite its massive size. Question is who does this manipulation? Is it a few filthy rich individuals or is it some mafia? How do they plan and execute their moves in unison? I am not complaining as I was prepared for this exact game Friday. I am just trying to understand who is behind all this. Last edited by Habib; 08-14-04 at 12:02 PM. |
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08-14-04, 01:01 PM
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| Harlequin I thought I gave the basis of my observation. Nobody long cable or Euro for exmaple would have thought of liquidating their position in the european session when a whopper windfall could be expected later in the day at 08:30 EDT (12:30 GMT). Only those who could not bear the arm-twisting due to lack of funds or to some other programmed logic would be thrown out, and that is exactly what happened. It was big fish eating minnows (minnows being those who lacked either financial strength or general overall sense of the market). It is no longer a question of if it happens or not, it is as to who does it.           |
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08-14-04, 01:10 PM
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| Even IF the market is manipulated Why worry about it ? Afterall take friday GBP, the moves were pretty clear and tradeable. I don't see why one needs to complicate trading by trying to out guess potential market manipulations, as all that is important is that the price movements are tradeable or not. |
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08-14-04, 01:13 PM
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| My interest is knowing what or who you are up against. The more you know about the opposite player, the better you can fare in the game. That is why I keep probing for answers. It is less of a worrying attitude and more of attempting to know it better. Last edited by Habib; 08-14-04 at 01:19 PM. |
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08-15-04, 03:45 AM
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| Re: Another very obvious manipulation was Friday. Quote:
 IMHO Santa Claus is the real manipulator! What's your problem Habib? Do you was in the wrong side? Last edited by Croesus; 08-15-04 at 06:01 PM. |
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08-15-04, 07:29 AM
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| 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; 08-15-04 at 12:24 PM. |
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08-15-04, 12:55 PM
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| Hi Habib, You seem to think that cable is due to rocket higher against the USD. So, from your point of view, every downward price acivity in GBP/USD is "manipulated". Another point of view, if you don't mind : Cable is now no more in a bullish trend against USD and EUR. Last Thusday and Friday downtrend was a warning that the market gave to you. Take advantage of that. US economy is getting better and better. I think there is a good chance to see cable under 1,8000 USD within 1 month. Last thing : the market is not manipulated. The market is the market. When cable will go back to 1,5000 USD, you gonna understand what I mean. And the 300 pips down trading range of last week will make sense. Maybe the 300 pips upward correction was the real manipulation??? Have fun, Magoo |
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08-18-04, 01:18 PM
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| Habib, I wish you guys could just get over the idea that there is some huge conspiracy among the banks every time the majors move in a certain way. I promise you this simply isn't the case. On the day you're talking about I suspect that someone merely had a large sized fix trade to do (most likely for the Frankfurt fixing rather then the ECB one). If anything the sharp reactions to the data just confirm the fact that there was no conspiracy. Everyone was short and they were all caught. That's what moves the market on a day like that. |
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08-19-04, 01:46 AM
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| if we can figure out who is moving the market we should also be able to figure out how to make profits on the movements. i don't think it is a conspiracy but if it is lets find out how to be on the side of the conspirators  Chris |
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08-19-04, 01:34 PM
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| No offense to anyone, but Habib is right. The markets are ABSOLUTELY manipulated by the market makers to a certain degree. A broker I know admitted as much. Don't forget, brokers don't just make their money on the spread, they are PLAYERS in the market as well. Is this unethical? Absolutely! Is it illegal. I would say yes. But since there is no real regulation in this market, there's not much anyone can do. It's just the nature of the beast, and we have to make the best of it. There's still money to be made. |
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