Quote from tom123:
Thanks ,P , for your insights. I'd like to hear more. and especially about the whole market ,the failing economy ,and how will it affect trading.
Ive been studying forex now for 9 months.I believe I have the instinct and mind for it, but I still struggle. Ive been trading for about 4 months and losing small amounts every day.mostly due to stop loss set too tight,getting stopped out.
After 9 months of 10 hour day studying, I really now see the extreme importance of support/resistance levels. I notice it more. I would have traded better had I seen it better these months.
Ive spent too much time and effort drawing trendlines,only to now discover that placing several SMA on a chart will achieve the same thing, often a better vision (SMA 15,30,50,100)
Ive tried to find the right times of day to play....theres no clear pattern. I would see alot of price action in the london opening times,and very little in the asian sessions....then, just when you think youve got it pegged....they change the pattern,and I see soaring prices in the middle of asian session and stagnation in london.so it always seems like its a game of falling back to square one,all the time.
I believe the Forex game is highly Rigged. by the Bank system,the government/central banks/big money players/etc...
as well as the brokers playing their little tricks as well.
What kind of puzzle game is this....when you examine the trendlines and price action ...In Hindsight... you can see Exactly how price moved, and you wonder how you could Possibly Miss seeing it as it was happening.
why is is so clear in hindsight and so hard to see as its happening? I believe its because the game is rigged in that way, whether by computer systems,set up by the central banks, or government systems,or a combination, this game is set up to be seductive to pull people into it, and just when you think you see what (they want you to see) like the carrot and the stick, all indicators point the way, all price action points the way, and then suddenly they switch the game on you,spike the price action ,disconnect the platform,reverse the price,....they show you a downtrend that goes just a few pips below the critical s/r point,then just above the next critical s/r point....just to fake you out,and take your money.
I'm a very smart person, and spent 12 hours a day studying this forex game. and I have to say, its beyond just tricky....its totally rigged.the manipulation by the central banks/government players etc...Ive seen it in action now for these 9 months,mostly involving the euro/usd....totally manipulated. like the price of oil.
involves politics and power.setting up for war,or the crashing economy. the corruption of the federal reserve and the us government in the whole corrupt system.
the phoney valuations of oil, gold and silver,etc.
I wonder if trying to play this forex game at this time is wise for anyone, even experts.
If the game was a fair and level playing field. then you could see technical analysis work. you could see fundamentals work. and they DO work, at those times when the bankers/government players arent manipulating things. but it seems to me , these days, its all being manipulated and controlled right down to the 1 minute time frame.and Every s/r price point.
how can anyone possibly have a clue where price will go in a game like this?
I'm watching for higher highs/higher lows patterns.... triple tops and bottoms, etc....trying to find a solid 10 minute play zone in a 1 hour time frame. the only way you can do it is by setting your stop 20 pips away,and risk losing that much in every trade.
maybe thats what I'm not willing to do.
sorry for the long post. I'm just getting tired of playing this rigged game. it took me 9 months and 1000 dollars lost, to realize how rigged the game is.
