For those of you who believe in technical analysis ;D

Its hard to believe that brokers offering private retail clients forex trading accounts are able to amass sufficient funds to drive the major pairs around. Where do you get some figures and facts that might be convincing on this?

Most brokers do this and its them controlling the risk, there is nothing wrong in doing this in my view it is actually agood thing that they do i believe.

It is true believe me,i know this from inside people who worked there for years.They dont always open positions against their clients,if u saw in metatrader administrator pannel there is one button called ‘‘plugin’’ that plagin can make a tail to any candle,can also make spread bigger, or even refuse to close your possition if u have for ex 50 lots with 100 pips in profit,you will get message like ‘‘no seller,or no buyer’’.


ON both charts its eur/usd daily timeframe
first one is chart from FXCM broker,second one from AlfaForex

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Are you serious? Some blokes in a pub who do not work for brokers told you. And they said there’s a magic secret button but they decided although its a big secret to tell you. But just you and only you. And nobody ever heard this before from anyone or since from anyone. But they can press that button (or they could when they worked at the brokers) and it instantly takes money from all traders all over everywhere.

Hmmmm. Do you have anything else to go on?

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As I said you may not believe me,but charts speack for themselves. :kissing_heart:
I know is hard to believe ,but trust me its that way,and I know alot of people who knows this too.
Its just none before posted this in public forum :stuck_out_tongue_closed_eyes:

There are alot of those guys,not only brokers,but large hedge funds like Goldman sacks,or big banks like Deutch Bank,its not just one of them ,alot of them want to profit from majority :kissing_heart:
Even me and my boyfriend want to profit from majority :rofl: :rofl:

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Try to do the oposite for 10 times in a raw. For ex if majority have suport line,try to sell from that line,but only after retracement,because if there is retracement it means that they show to majority that this line is working. Do it with minimum lot size,for 10 times and you will see the statistics,you will be shoked :kissing_heart: :wink:

This is the most simple trick,there are alot of them,but i wont speack about all of them. This one should be enough

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exactly.At least some1 understands what i am trying to tell to everyone :kissing_heart: :kissing_heart:

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What time frame and when was that? I am unable to find that on today’s chart.

With regards to your 1st post on usdjpy. Heres what I thought:

On the short term its lower lows and lower highs so it’s a downtrend anyway so wouldnt buy. But looking at the whole chart its lower highs but not lower lows. Price is going down. This is something called a descending triangle. It’s a well known chart pattern. For those who dont know I’d recommend a book called technical analysis for dummies. Here is chapter 9 page 156:

As you can see one would never buy. Well…unless one hasnt read this book.

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:kissing_heart: :kissing_heart:

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your triangle that we see now on usd/jpy will work and price will go lower ONLY IF majority open buy positions. If they want to sell it,as you said,we will see scenario number 1 from picture above :kissing_heart:

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As you well know there’s no such thing as a 100% win rate. So if you consistently take the trades, you’ll be profitable in the long run. Finding a trade that lost is a part of trading.

sure. If i by mistake dont make the right trades ,those will cost me a little :wink:

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Exactly right. Start with 1% risk per trade until you are more confident. Best of luck :+1:

LOL… I must have read this same thread like a hundred times in babypips.

TA works… TA is ■■■■! Market is manipulated! You can only beat the market with Risk management,etc etc

@coolBuTcute.01 your examples are useless. You have found failed support lines, and you will find thousands, but you will also find thousands that actually did not fail. The fact is no one will ever know if a technical setup will work or not.

What I think is… every market is diferent, even the same market in diferent brokers are different. So you need to analyze the market you want to trade and find setups with high probability of success. Once you find a setup, exploit It while you can, as normally setups will not last forever. Then you need to look for a different setup, or tweak It and adapt, or switch to another market.

All mainstream fundamental and tech Analysys is BS, there is no universal strategy (for example support lines) that Will work in all markets.

This is why banks and hedge funds have a lot of staff, they have a full team of traders, Analysts, quants, data scientists and programmers for each market they want to trade in their portfolio. Their job is to look for setups and exploit them while they can. Managers decide how much capital they put into each market.

So just forget It… markets are not manipulated, what you see is a Battle between funds, banks and governments all trying to exploit the market. Our trades are ■■■■, so have no impact in price.

But the good thing is that our job is much easier. We just need to study the market we want to trade and risk what we can afford on It.

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You use too much emojis. And your main message is:
“Look at me! I’m an Anton-Kreil-like broker basher, and a contrarian! I’m better than you all!”

No real substance.

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The market can be manipulated by banks because they have the capitals for that. But OP your mindset annoys me. I know people like you. Always laughing teasing and never truly help people. I dont understand the need for people to withold information in forex like it affects their profit. People like this annoy me.

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You’re bang on. Most people who say TA won’t work, your broker is cheating you, your stops are getting hunted, the banks are stealing from your money, never say how they personally actually trade and avoid all these apparent dangers. The furthest they ever get s to say you just have to get a feel for the market you trade.

Its all BS.

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He will show you there everything you want,doji,reverse pattern,retracement,everything you want you will see there :wink: :wink:

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Remember

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