Another very obvious manipulation was Friday.

[Habib]

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.

[Harlequin]

Hi Habib, I'm not an expert and I'm ignorant and just curious. How can you say there was manipulation ? I mean, on which bases can we affirm that ?

[Baruch]

Osama bin Laden?

[Habib]

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.

[Habib]

Market needs somebody much bigger than that to be manipulated by, using only money.

[Mr 50%]

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.

[Habib]

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.

[Croesus]

Originally posted by Habib
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.

Yes, was a beautiful correction, thank you "manipulators"!

IMHO Santa Claus is the real manipulator!

What's your problem Habib?
Do you was in the wrong side?