Is ES rigged?

[schizo]

It is not rigged to go after retail traders. We are minnows in a great big pond of sharks. We are way too little for them. They don’t care about you or I. They are after each other. If there is any rigging done it is to take money from one institution to put it another institution accounts.

But they cannot hide. The charts show what they are trying to do as they attempts to take money from each other.

And then you got others that want delivery on products such as grains. They want to lock in prices beforehand. Their interest is not in speculating for $$$ but in securing products such as corn (think Kellogg).

Over 200 big institutions trade and they are the ones making the markets. They are not for the most part interested in running retail SL’s. It may seem they are. A retail trader enters long on 3 contracts sets his SL and bam it is taken out in a few minutes then the market goes back up and he would have had a profit but he lost. Why? Were they running his SL? No. Institutions don’t care about you or me. That would be like an elephant searching for a peanut. It ain’t gonna satisfy him. Price went down because some institution wanted it to go there and the tiny retail trader got caught in the crossfire so to speak. Maybe it was bearish institution trying for a BO south. Or a bullish institution wanting to load up cheaper for a subsequent bull move. It ain’t like they saw a peanut here and another one there and raced to gobbled them up. It may feel like it is so to a retail trader but that is not what happened.

The sooner a trader can dispense with the idea that they are “after him” the sooner he can become a profitable trader. It is a market. Markets go up and they go down probing for price levels and value areas. And institutions do the probing. We have to learn to detect what they are doing and jump on the winning side. At any moment in time you have both bearish and bullish institutions probing and pushing price around for any myriad of unknown (to the retail trader) reasons.

It's hard not to notice that prices reverse at specific levels, namely those levels that correspond to previous major support and resistance. While institutions aren't out to intentionally run you over, they will try to gun for those stops that are placed near those levels because they also know those stops will propel the price further. This is what usually happens when the shorts get squeezed, for example, and the market rockets higher. You can't say the "institutions" aren't aware of this type of phenomenon and that they won't take the liberty of using their power to move the market to their advantage.

 

[maxinger]

everything is rigged.

Those who hate riggers have already given up on investing / trading.

Those who like riggers continue to invest / trade.

 

[Drawdown Addict]

For every Futures market look at the Options market equivalent. For one simple reason:

https://www.sec.gov/news/studies/ordpay.htm

Payment for order flow leaves an unfavorable position for retail traders in the Options market and, as a consequence, the Futures market.

So, is it rigged? I would say so, because the facts are there.

 

[wmwmw]

You can't trade Europe without getting up early can you, well most of you? Asia requires you to stay up late, so I just assumed ES was almost forced on you.

Why ES? Heard it said it's pretty much run by Algos. Are the big boys preying on the Retail?

Nonsense.

It sound stupid to say ES is rigged.
ES is the most popular but that doesn't mean we can' t trade other instruments. There people trading gold, oil, natural gas and crypto.

 

[SunTrader]

Of course it is rigged ... in your head.

Therefore you have a built-in excuse when you lewzzzzzzzzz. That's the point isn't it, for believing that.

 

[Darc]

Of course it is rigged ... in your head.

Therefore you have a built-in excuse when you lewzzzzzzzzz. That's the point isn't it, for believing that.

I don't Day Trade. Don't trade ES. But, was hoping to find you an excuse

 

[SunTrader]

I don't Day Trade. Don't trade ES. But, was hoping to find you an excuse

No thanks, I live in reality. Always have. It's why some take offense to my responses.

But that's ok. I don't take offense to their ignorance.

 

[Darc]

Lol

 

[Scataphagos]

If we retail traders can’t make money it is simply because we are not yet good enough to understand and read the chart

Ditto.

 

[Scataphagos]

It's hard not to notice that prices reverse at specific levels, namely those levels that correspond to previous major support and resistance.

I've been saying this for years. It's Price TA... yet ETers still call "bullshit".