Another very obvious manipulation was Friday.

[Habib]

Originally posted by bobnat

....
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

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".

[bobnat]

Habib,

Fair explanation, thanks. I too am trying to learn to trust my intuitions about the markets. They seem to be right more often than not, yet when I try to be logical and rational I tend to discount my intuition.

Take care,

Nat

[RandalFrost]

Originally posted by Habib
But I don't understand why you are giving up on Forex trading.
Best is to get to know their game and play accordingly.

I chose to leave because I can't stand the low standards of broker in FX.
Stop hunting, quote manipulation, refusal to update platform, terrible spread...etc
I feel that the brokers over at Futures side don't give me that much of negative edge. (Me using Interactive Brokers)

Also there was a tip off that the sellers preventing EUR from going beyond 1.2375 are interbank boys.

Interbank guys selling down EUR when Oil is all time high, Stocks took a hit, phily fed briefing negative for USD and the entire market is bull EUR could only mean one thing :

They're going to push the price down and screw short term EUR longs then take profit at before 1.2270/80 levels in order to hand the hot potatoe over to the guys supporting that level. (There was tip off of huge S/L cluster there too)

[Habib]

whatever they may be. I hope to manoeuvre my way through this jungle, but who knows how long I am gonna last before I get nabbed by one of their big schemes.

[Gamma_Jammer]

RandalFrost.

Sounds to me like there may be options barrier protection coming into play from the market talk and price action.

However more often than not these barriers get taken out anyway these days so whatever you want to call it - manipulation, speculation etc, ultimately these currencies are going to go where the lng term money says they should go. The only unknown is the timing.

That's no comfort to day traders though :-)

Good weekend all

GJ

[RandalFrost]

Originally posted by Gamma Jammer
RandalFrost.

Sounds to me like there may be options barrier protection coming into play from the market talk and price action.

However more often than not these barriers get taken out anyway these days so whatever you want to call it - manipulation, speculation etc, ultimately these currencies are going to go where the lng term money says they should go. The only unknown is the timing.

That's no comfort to day traders though :-)

Good weekend all

GJ

You can easily tell when these barriers and arificial TA support/resist points are going to be taken out by underlying Fundamentals.

Finding out how would be the job of traders.

Good weekend to you too!! :-)

[kirrakid]

Who cares if the market is maunlipated. With announcements, in most cases they will move the market. If the market moves we are able to make a profit, and that is what Currency Trading is all about.

[Gamma_Jammer]

And the winner of the prize for the most concise right answer is.....

Kirrakid.

Soaring with the eagles, not sniping with the weasels.