Quote from ammo:
commodities like corn are heavily traded,very liquid,there are institutions with large positions,and those are trackable thru the most traded prices,market profile multi day charts make that obvious, a smaller stock that trades at or less than a million contracts daily is of less interest to a larger money group,the less they are around(biggest acct in the room) the easier it is to manipulate by a smaller trader,big fish in a small pond scenario. The larger the volume, the more likely it is tradeable with ta. Back to fundamentals, the euro/usd is heavily manipulated ignoring TA and the institutions, moving in lockstep with the current currency wars,each country or block of countries(euro) printing away to keep the currency and economy afloat. Up until january maybe the institutions and currencies fed on each others fundamentals and TA. Recently, the methods(printing) haven't been improving the economies,any pause brings up bank runs,unmentionable unresolved debt from 08,and a plethora of doomsayers who haven't a clue anymore than the fed,imf ecb have as we are in uncharted waters. So at this exact moment,no TA is not working except in the very short term timeframes, and neither is fundamental analysis. Best to sit on hands and very nimbly stick toes in water as they are full of crocs for bulls and bears. It will change and go back to normal or a new normal,but for now we are in the middle of a game change,new rules, new game. It will eventually work itself back into the old game,no one makes money if their isnt some predictability,they need the small player to understand it or he wont trade,without the small player the large player has no one to take money from.
