Manipulation
A historic and unprecedented example of market manipulationIn an unprecedented move, today a large number of brokers has committed what many consider to be blatant and transparent market manipulation and defrauding of their own clients. The list includes Robinhood, Interactive Brokers (IBKR), Merrill Lynch, Webull, Tastyworks, Trading 212, and ETrade among others.
They did so by going through with a coordinated effort and simultaneously forbidding their clients from buying a handful of stocks, most notably GME and AMC. Thus, they took millions of buyers away from the market, creating an environment in which only selling is an option. When virually all investors can only sell a security, and buying is removed from the equation, as everyone would assume, the stock drops.
The move came a day after numerous large and powerful hedge funds (some of which it has to be noted, own and control large portions of some of the affected brokers, or have other business relationships with them) were exposed as having already lost billions on shorting the stocks in question. As such, the motivation of such a decidedly lopsided halt is on its face highly suspicious, unprecedented, and has cost the affected brokers' retail clients billions of dollars collectively. It is being reported that lawsuits are already about to be filed due to this event, against both the offendors and as an effort to prevent these practices from occuring in the future, with members of both major US parties and numeroud high-profile investors speaking out about the manipulative act that occured today.
However, there is still no word on most of the brokers' future plans on lifting the "one-way halt" or keeping it in place.
FOREX MARKET MANIPULATION - BIG BANKS🎡 FOREX MARKET MANIPULATION 👾
What is the first thing you learned when you started your journey in the forex market?
I will answer for the majority, Support/Resistance, trendlines, chart patterns and etc
Have you ever asked yourself why is it so common?
When we are introduced to the foreign exchange, we are thrown in a deep ocean with a lot of sharks.
Unfortunately for most of us, get eaten alive by these sharks.
We are thrown in the ocean without any clear context or a clear understanding of who is in charge behind the scene.
It is very easy to get lost in this deep ocean if you don't know where you are swimming to.
You may be diving right into a trap that the sharks intentionally made..
You won't even notice that you are lost.. the ocean is that deep.
Now ask yourself, do you think (you) as a (swimmer) in the ocean have more knowledge than the sharks that had been in the ocean before you came?
As crazy as it sounds, many traders believe they do and this confidence leads them to bad decisions.
New Trader Journey Timeline =
"Searches on the web" ---> "gets greeted with" ---> "learns a strategy" ---> "strategy fails"
---> ---> "looks around" ---> "learns a new strategy" ---> "strategy fails"
Sharks/Devils Timeline =
"Distribute false knowledge" ---> "give a false sense of hope" ---> "plant the trap"
---> "show the chart patterns" ---> "Trader left confused."
Retail Trader Development
(I want to trade) --->(Give me a strategy) ---> (It doesn't work)
Pro Trader Development
(I want to trade) --->(This is how the market behaves) ---> (This is how we will exploit it) ---> (I'm improving)
It's 90% mentality when it comes to trading the market.
You don't make the big moves, the banks do.
You have no control over any move, the banks do.
You are in no position to move the market by any means, banks do.
You are taught this basic information intentionally, by the devils.
You are falling into the traps of the sharks, they show you the patterns you are taught.
You are trading at any set time, you have no real strike time.
Once you understand that (You) are in no control of this market, you will start to think differently in many ways and build an anti-devil strategy.
As much as it is important finding the right entry, it is also crucial to find the right tike to strike.
Stop looking at other traders, because I guarantee you they are also a victim..
Focus on you.
USDCAD SHORT I'm anticipating an pullback towards recent swing high completing somewhat of a M pattern to finish off the week . I believe there will be bad fomc data wedns so the banks will pull back and set the market up for the fall . Price is now currently testing a previous swing. i will ignore this trade if does not give me a pull back towards the high. I trade forex daily like and follow for updates and posts on trade ideas in relation to forex in near future !!
GBP/USD Institutional TradingHello everyone!
I am sharing this possible next trend for the British Pound against the United States Dollar.
We observe that there are many zones were liquidity has not been taken yet (at the bottom of
the wicks marked with €), while many of them were hit (x). This is why institution are probable to point towards that liquidity pool
in order to gain from other retailers stop losses.
Analysis were performed on the smaller timeframes as well.
Personally I am aiming for at least 3 clear entries as I reported on the charts with a very little stop loss.
Since we do not have all the tools that big institution have I advise you not to jump as soon in the trade, but wait indeed for confirmations.
FX:GBPUSD
BITCOIN WHALES COME UP FOR AIR. #2021 has just begunHere you see what happens when we have a bitcoin shortage, and more whales are looking to enter the market. This seems to be pure manipulation so that whale cultists can get in at a lower prices. Price may keep going down, but I wouldn't panic folks, as it will most likely recover soon. HODL for the win baby!
GBP/JPY Long Setup / Trend Continuation / Retail ManipulationI am liking the look of this potential setup we can see retail accumulation in the form of relative equal highs and a consolidation range breakout. The target would be the 2 daily highs as many people would be leaving their stop losses above this area. Enter at your own risk.
Possible BULLISH and BEARISH scenarios for the CORN. Potential "W" formation forming here.
Looking for a bounce at 81.8% FIB RT, followed by a candle body close above the 50% ($34.5) to confirm a "W" bottom pattern and BULLISH CONTINUATION.
If PA does not close (1hr min) above the 50% (local) FIB RT, the probability of a move down to support at $19.5 becomes much more likely.
A 1hr close below the 81.8% FIB RT (local) would add confidence in the BEARISH SCENARIO playing out (Head and Shoulders) with a 34.5% corrective move.
There is a lot of confluence supporting the BEARISH CASE here with a retracement down to $20K, but the FUNDAMENTALS are screaming "THIS ISN'T OVER UNTIL THE FAT WHALE SINGS".
The only thing to do here is to WAIT for identifiable structure to develop. If this is indeed an ACCUMULATION CYLINDER prepping for a HUGE MOVE to the upside, PA should start showing some bullish signs soon.
Things to consider:
BULLISH:
- DXY rejected at the 90% resistance and is currently below the 21DEMA (90.2% INDEX) and could be headed much lower
- TOTAL MKCP has fallen under $1TRILLION
- BOND Market continues its DIVE to the downside, down 1.6% since 08JAN21
- Guggenheim Investments' N1-A is effective 31JAN21 (www.sec.gov)
- Retail FOMO is just getting started
BEARISH:
- MPI is showing a local top
- Last RE TEST of 21 WEMA was 21SEP20
- Strong (RSI) BEARISH DIVERGENCE on the weekly SPX
Can USDCAD break the upper structure?here we have a nice descending and condensing structure. a quick look at the MACD shows us that this sell off looks to be tiring.
We have already seen a break of the larger structure, now we need to see that the smaller patterns bottom holds, and find a break of the upper structure to look for long opportunities. Smaller targets are potential for now and can easily move should this smaller correction continue to form. If we see a new low form, then the larger targets will move down a little in ratio to the new low. Fibs will show us this and i will reapply them should I need to.
USDCAD - Liquidity AttackThis pair has been horrible to trade, it is caught in a very ugly looking range that keeps teasing us with structure shifts.
I won't be interested in trading this pair until we get a clear breakout or a scoop manipulation as illustrated. Until then we must sit on our hands and look for trades elsewhere.
The majority of retail is buying USDCAD according to sentiment, that is why I am more inclined on trading the manipualtion scoop.
GBPJPY - New TargetThe Brexit agreement created a lot of optimism for the pound which impacted the sentiment and introduced retail buyers into the market.
If you pay close attention, you will notice that two sets of liquidity have now been purged, potentially giving the banks enough volume to create the next upside move.
The first liquidity hunt was the push past resistance hunting sellers, then we had a push below resistance hunting break and re-test buyers.
Hopefully that will be enough manipulation for us to get a good opportunity next week to push the pound into the 142.500 region.
Solutions 30 - Recovery to 16€Since the "big short" from Muddy Waters Capital, Lansdowne Partners, and Gladstone Capital Mgt, Solutions 30 seen its market capitalisation divided by 2, based on an anonymous letter, targeting Mr. Gianpebbi Fortis (Solutions 30 current CEO) in some illegal activities (source AFP December 2020)
As a response, the company opened their door to independent audit and brought up a trial amendment to the AMF (French MArket authority) for market manipulations towards Muddy Waters.
As a matter of fact, this anonymous letter - true or fake - allowed several hedge funds to make a +50% profit in few days (www.quivad.fr) by short-selling the share shortly after the letter release.
As of now, short-sellers still have to unwind their short positions, totalling for up to 4% of total supply.
Moreover, even though the letter tends to turn right, at worst the CEO would face legal issues, but the company would still be operating.
Currently price recovery from 10 to 16€ is in progress, while independent audit to be released circa Q2-2021. At this point, a short-squeeze would be expected, and a price up to 20€ would be on the table.
BUY 10-11€ and wait for independent audit release + hedge funds to unwind their positions (see url www.quivad.fr to onitor short-sellers)
TARGET 16€ Q1-2020 to 20€ once audit released.
Bitcoin Correction DiscussionHope all your trading is going well
Trading is tough right now.. the dips are more shallow and direction does not always make sense.
Case in point, this morning's correction
IT WAS NOT DEEP ENOUGH
Reasons why the whales did not prevail... my theories:
Too much good news today
- Moderna Vaccine nearly approved
- Tesla about to be on Wall Street
- Endless news about institutional investors jumping in
- Their boasts of 400k BTC moonshot in 5 minutes (kidding, really 2 yrs)
- US Stimulus deal in Senate at zero hour
This means the insane retail bull investors.. like you and I... are fixated on UP UP UP
Yes, I think we will pass 25k.. but a pullback needs to happen now first
ETH??? Has no excuse not to run to $ 1000.
Even the Pro TA's on the best web sites, are scratching their heads.
I watched the fall in price closely
If the whales are involved.. they are using software with sparing coin amounts
It's like tickling the dragon of BTC price