Price manipulation at its finest

How do you plunge over 600 pips and buy everything back under 24 hours

Westin come be the essence of the huge sell. So many people got burnt on both buy and sell.

GBP. Na wa O.

VlamesIffect:
Price manipulation at its finest

How do you plunge over 600 pips and buy everything back under 24 hours

Westin come be the essence of the huge sell. So many people got burnt on both buy and sell.

GBP. Na wa O.

You don't know what is going on....
Manipulation at it's finest

VlamesIffect:
Price manipulation at its finest

How do you plunge over 600 pips and buy everything back under 24 hours

Westin come be the essence of the huge sell. So many people got burnt on both buy and sell.

GBP. Na wa O.

I think BOE us intervening secretly because strong pound would make import cheap at home; as you know, UK doesn't produce much but import a lot from Europe and Japan.

So, for GU to rally, it has to plunge just like a bull does to gain strength.

I think this is being done to curb inflation.

My observation!

Donsheddy:



You don't know what is going on....
Manipulation at it's finest

E shock you.

Elliotwaveforec:


I think BOE us intervening secretly because strong pound would make import cheap at home; as you know, UK doesn't produce much but import a lot from Europe and Japan.

So, for GU to rally, it has to plunge just like a bull does to gain strength

I think this is being done to curb inflation.

My observation!

This 600pips manipulation wasn't really necessary. Market already tanked close to 500 pips on Friday. Then during Asian session of all sessions today E decide to sell off then buy all back at Europe/ London.

You might be right, or Maybe there's some inside stuff going on or one big hedge fund trader dun go mistakenly offload huge volume of GBP orders.

VlamesIffect:
Price manipulation at its finest

How do you plunge over 600 pips and buy everything back under 24 hours

Westin come be the essence of the huge sell. So many people got burnt on both buy and sell.

GBP. Na wa O.

Central bank move .

VlamesIffect:


E shock you.



This 600pips manipulation wasn't really necessary. Market already tanked close to 500 pips on Friday. Then during Asian session of all sessions today E decide to sell off then buy all back at Europe/ London.

You might be right, or Maybe there's some inside stuff going on or one big hedge fund trader dun go mistakenly offload huge volume of GBP orders.

E shock me too o...

Gbpjpy Alert


Sell 156.40
Stoploss 157.40

Target 146.40

Borntosmoke:
Have bought usdcad. God don't let me lose the trade I beg u. I believe in you God.

The lord is wonderful. Thank you usdcad . Make I go smoke loud to celebrate my profit. Believe in God and you are going to make it

Elliotwaveforec:

I think BOE us intervening secretly because strong pound would make import cheap at home; as you know, UK doesn't produce much but import a lot from Europe and Japan.

So, for GU to rally, it has to plunge just like a bull does to gain strength.

I think this is being done to curb inflation.

My observation!

Boss I want to learn fundamental analysis. can u tutor me

Fxwarrior:
Gbpjpy Alert


Sell 156.40
Stoploss 157.40

Target 146.40

Adjust stoploss to lock in profits at 155.50

Fxwarrior:


Adjust stoploss to lock in profits at 155.50

Boss I commot cap for you

Borntosmoke:


The lord is wonderful. Thank you usdcad . Make I go smoke loud to celebrate my profit. Believe in God and you are going to make it

Smoke loud to thank God?

pipfisher:


Smoke loud to thank God?

Is there anything bad in smoking??

Borntosmoke:


The lord is wonderful. Thank you usdcad . Make I go smoke loud to celebrate my profit. Believe in God and you are going to make it

lol

Today's scorecard

Oil price drops again to lower level. Oil possible to retrace
Chevron shut-in oil production in the Gulf of Mexico, as a powerful Hurricane Ian.

Geovanni412:


Bro,the trading mathematics doesn't favour scalping. I love your energy but why synthetics instead of trading GBPUSD or EURUSD. Someone who traded GBPUSD short this morning could have made 6 dollars with a 1 dollar trade. Consider am, bros.
Also with scalping, you need accuracy of over 80 percent to be successful. Assuming you have 10 trades of 1 dollar each and risk:reward ratio is 1:0.7, the maths is this:
For every 1 dollar you have $0.7 dollars as profit.
So, for 10 trades with you winning 8, you have $5.6 dollars as profit
You lose 2 trades, you lost $2 dollars
After taking 10 trades and risking 10 dollars , your overall profit is $3.6 dollars

Why waste all that energy and trading talent when you can take one trade on GBPUSD or even EURUSD and make similar amounts?
Even as EURUSD dey move slowly, this morning alone , with 40 pips stop loss, if say you risk $1 dollar, you for don chop $2 dollars. You get my drift.
As for indicators, they are not that bad. Indicators that help identify potential support and resistance areas like Bollinger bands, average true range (ATR) etc can help reduce time spent in calculating potential support and resistance and get much better entries.
The indicators should be used in conjunction with price action to estimate move length. According to Steve Nison's book , Beyond Candlesticks, a trend usually exhausts itself within 8-12 bars- he calls it 'Bones of Sakata'. Now, since ATR measures volatility or range of a bar. Instead of counting bars , I used ATR to estimate where that key support or resistance area will be. For example: 8-12 ATR from swing high on monthly is oversold region and vice versa. You can test this for USDJPY and EURUSD pairs for yourself and see.
Cc:
Elliotwaveforrec

It's all good

Pristine664:


Well written boss. We go again.

And na your ginger for here make me enter my synthetic account yesterday. I may close it anytime from now sha cos weekend is over. Make I trade real market lol.

Trend is everything in synthetic.

Yeahp, trend is everything, but this your multiple entries, balls of steel.

Obnoxious2001:

No problem sir.

How do you come up with trading strategies

I'm the wrong person to ask this, ask Elliotwaveforec, just one of his successful trade is enough to change anybody's life.

Growing a 1 dollar account.
Day 4: $2

Finally I got to 2 dollar, I feel accomplished at the same time worn out, if this was a 100 dollar account, it would have been 200 dollar, with same amount of effort.

So if I no longer update growing a 1 dollar account, means I'm taking a break, indefinitely.

Gbpjpy Alert

Sellstop 155.50
Stoploss 156.50

Target 146

Cadjpy Buy trade
USDCHF Sell trade

Elliotwaveforec:
Today's scorecard

Nice one .
Still holding mine.
Xauusd and XAUEUR sell positions

Borntosmoke:


Is there anything bad in smoking??

Smoke anything you like, just don't mock God with that. God has no business with your smoking as a way of celebrating a supposed prayer answered!

pipfisher:


Nice one .
Still holding mine.
Xauusd and XAUEUR sell positions

My closed positions sef na trade signal.

The reversal/correction technique is working 100%.

Elliotwaveforec:

My closed positions sef na trade signal.

The reversal/correction technique is working 100%.

Stake all your money on it,, since you are so sure ,,. Time for you to dethrone dangote in Nigeria

Elliotwaveforec:

My closed positions sef na trade signal.

The reversal/correction technique is working 100%.

Sure... I am waiting for price to print a bearish engulfing on H4 for XAUEUR to enter more sell positions.
Something must kill a man

Hit

Elliotwaveforec:
Hit

Are you sure this EUR is not likely to crash further?

GRIMMJOE:
Growing a 1 dollar account.
Day 4: $2

Finally I got to 2 dollar, I feel accomplished at the same time worn out, if this was a 100 dollar account, it would have been 200 dollar, with same amount of effort

So if I no longer update growing a 1 dollar account, means I'm taking a break, indefinitely.

pipfisher:


Are you sure this EUR is not likely to crash further?

I think it will crash alongside GBPUSD. I think GBPUSD can go as low as 1.004 sef. The market makers will determine how quickly we get there - if the market violates 1.038 zone, we'll get there very quickly.. This move will probably start today with the market having made a triple top on the 1h chart. NFA. DYOR

Don't be a chart zombie.....

This beriod..oh period
Scalp the market....
Nah wetin win am now