Forex manipulation indicator
below is a video out of our Live Training Room from last Wednesday showing how we actually took a nice sell position in anticipation to the false breakout on GBP/USD. This can relate to the 4pm fix, with a trader placing a trade before 4pm because he knows something will happen at around 4pm. After a large amount of buying in the GBP/USD that started around 4:30 am EST and finally broke the high of the week.5756 prior to the US markets opening. The biggest losers are companies found guilty of manipulation.
But it is still possible for traders to change the value of a currency in order to make a profit. The idea is to detect areas of congestion and price manipulation. Lots of trading, but not a lot of movement.
Banks, by virtues of trading upwards of billions of dollars in currencies everyday, are going to be able to affect under-liquid markets, but this will really only be very noticeable in very un-liquid markets. The typical breakout trader were trapped in long positions that day as market makers reversed the pound and sold it off below the previous highs for the week. To Your Success, Join Me on my other Social Networks: Facebook, google, twitter, linkedin. Why Market Makers Go Looking For Orders. I don my hat and Hooray nice teamwork. The foreign exchange market is not easy to manipulate. In another example, the FCA said Citi traders had attempted to drive the euro/dollar fix upwards by sharing information on its buy orders with traders at other firms. Afterwards, traders congratulated themselves, saying: Loved that mate worked lovely pity we couldnt get it below the 00, there you. But it is still possible for traders to change the value of a currency in order to make a profit. Detecting Manipulation, while you might not be able to manipulate the Forex market yourself, you can certainly jump on the shoulders of those that are able to and make a lot of money in the process.
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