Another very obvious manipulation was Friday.

[Habib]

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.

[magoo]

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

[Habib]

But good luck to you, magoo. I am right behind you.

[Gamma_Jammer]

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.

[Croesus]

Seems like friend Habib is obsessed by this idea!

[tradingmoney]

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

[Adams1]

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.

[Habib]

At least I got one member who agrees with me. Those who don't, are either too ignorant or pretending to be so.
There are some who know this does happen, but have learnt to live with it or even to take advantage of it and I want to learn from their skills.