I dont know whether its down to the market manipulation or down to me but yesterday went like a dream. Today after an ok start I have lost 3x what I made yesterday.
Have people found today particularly difficult?
Market manipulation
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
Now would I???Ferru123 wrote:JollyGreen
You're not saying what I think you're saying, are you?
Jeff
JollyGreen wrote:
I watched the race and let's say they didn't seem to be trying too hard!!!
This is why I won't use the Stop/Loss, someone only needs to dump a lot of money on your selection for a second to shift the price, trigger the stop/loss and 'eat' your money. I think traders need to monitor the situation manually and decide when to close, or use the 'Take SP'. Also illustrates why I'm not really a fan of trading... traders are suspectible to market manipulation, but punters can rely on their knowledge of horse racing to determine the true value and just laugh at price shifts.
BTW I've been watching the UK markets for about a month now, just observing mostly, and it seems to me that most of the price shifts are purely random, and the indicators no better than numerology for the most part. Its only in the very last few minutes before the Off I see clear patterns, and by the time its clear which why the price is going, its already too late - the value is gone. Looks like a bunch of guys sitting in their bedrooms whacking money on or off with no real idea what they are doing to me
BTW I've been watching the UK markets for about a month now, just observing mostly, and it seems to me that most of the price shifts are purely random, and the indicators no better than numerology for the most part. Its only in the very last few minutes before the Off I see clear patterns, and by the time its clear which why the price is going, its already too late - the value is gone. Looks like a bunch of guys sitting in their bedrooms whacking money on or off with no real idea what they are doing to me
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
It seems to me just from looking that they have taken it to a whole new level recently. I don't keep any stats, perhaps Peter will know more, but it seems they have stepped it up a gear recently.
Zenyatta - I agree about your point with stop losses - i think people are better of managing their positions manually.
I don't agree traders are any more susceptible to market manipulation than punters. Just like punters we can rely upon our knowledge of how the market behaves to determine when the market should move. I would in fact say punters are more susceptible to manipulation than traders. We have all the market information in real time in front of us where as punters do not.
The price shifts are not purely random if they were people wouldn't be able to consistently trade them profitably.
Zenyatta - I agree about your point with stop losses - i think people are better of managing their positions manually.
I don't agree traders are any more susceptible to market manipulation than punters. Just like punters we can rely upon our knowledge of how the market behaves to determine when the market should move. I would in fact say punters are more susceptible to manipulation than traders. We have all the market information in real time in front of us where as punters do not.
The price shifts are not purely random if they were people wouldn't be able to consistently trade them profitably.
I'm not convinced that traders are making money for the reasons they say (or fool themselves into thinking). The mind has a strong tendency to rationalize and see patterns where none exist.The price shifts are not purely random if they were people wouldn't be able to consistently trade them profitably.
Knowing that a price shift is random can make you money. I shall say no more...
I completely agree regarding stop losses. That might have been the first piece of professional trading advice (or "conventional wisdom") that I realized I needed to disregard. Among other reasons, it is indeed very easy to get stopped out simply by one oddball momentarily throwing a lot of money at the market. It might be useful for some, but it definitely didn't work for me...
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
I used to set stop and loss on every markets I was trading in past with high success rate but, from november 2009 I had to close all my positions manually. The market seemd to go always in the opposite direction to trigger the stop and loss, to find out later my predictions were right . When it was going to the right direction, i was 1-2 ticks to close my position in green the market often jumped back 2 ticks above my original position to find my self in red. When you are forced to change your strategy you usually lern new things, I lernt to control my tradings panic thanx to this manipulator. I have also lernt their strategys but, unfortunaly my bankroll isn`t there yet to use it... 
Hi All
I'm sure all the stock Mkt. and FX traders on this great forum, know were support and resistance stop losses are placed.
IMHO, these stops can be targeted, then get taken out.
All I'm saying really, is I wouldn't show my hand.
Good luck all. As I say only MHO.
Greg
I'm sure all the stock Mkt. and FX traders on this great forum, know were support and resistance stop losses are placed.
IMHO, these stops can be targeted, then get taken out.
All I'm saying really, is I wouldn't show my hand.
Good luck all. As I say only MHO.
Greg
When this big guy appears it seems to make sense to go against the big money. He often has tons on one side and not much on the other. If you lay into the big money then when he pulls his orders the price flys off, like a uncorked bottle of champagne.
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MarketTrader
- Posts: 120
- Joined: Wed Mar 18, 2009 12:34 pm
This is what I am seeing in the 13:35 at Newbury? 12K on one side on the favourite. Very little on the other... Am waiting for the cork to pop..!
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MarketTrader
- Posts: 120
- Joined: Wed Mar 18, 2009 12:34 pm
I see what you mean.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Would be good to get a group together in communication and all hammer them at the same time.