I did not want to saying anything concerning this, because the facts Im about to propose involves a very close friend of mine who lives just a short ways from where I live, but it is public information so here we go. Also, I didnt want to get into it in this thread, because of the title of it, but some of the posts along these lines have been getting thanks, so it shows some people are enjoying these posts.
Before I get to my friend, Ill share a personal experience. I was an account manager, and was offered a job as an analyst for a broker. It was 276 miles from my home, and I am more devoted to family and my home than I am to a position that has some prestige behind it. The broker asked me to give him a visit, so my wife and I went to Chicago, to go on a tour of his firm, and he wanted to wine and dine me to take the position. That day was extremely enlightening to me, and my wife was very surprised to learn what she did through all this.
The only thing a broker or any other trading entity has the right to do is close someone down when they get too big too fast. This explained why my main platform I use with my methodology is the broker who refused me a live account, while his excuse was that he feared something illegal was going on. He shut my demo (You read it right.) three times, and every time it was when I was making outrageous returns on my account, and I have the proof on 2 of those times. I made over 3,600 pips in 2 days (Im not lying. I got the proof sitting here on my computer.), and the other time I made 500% in 1 months. (I have partial proof of that.). I learned the brokers will do that even to demo traders in order to discourage them from opening an account with them. So now that I know Dan (The broker that took me on the tour.) was telling me right, I put up huge losses on my demo account intentionally to avoid hassles of having to put new templates up and all my charts (28 forex markets, plus gold, silver, oil, and the DJIA.)
What makes sense is if the big money was able to move the markets, then the brokers would move the markets against them in order to garner that money for their selfish aggrandizement. Some of the really big players put up over $ billion on one trade. Why would there not want to be a collective agreement to move the markets against those guys in knowing how much they would lose in knowing it would be the brokers gains? In addition (This is common sense.), there are too many brokers worldwide for them to even think about collaborating any kind of manipulation.
This whole conversation came up from one bad week I had with Nifty. Keep this in mind It is something I live byIt is much easier to take personal responsibility for your actions than blame it on manipulation. Its much better for me to be honest and say, I blew it this week. Big deal! Im human! When I know it is my fault, I have total control, because I can correct the problem. If the markets could be manipulated against me, then I have no hope of trading well, because my broker could come along anytime and move against me.
I have a very good friend who lives just a few miles from me. His name is Roger Wright. I do his TA work for him, as FAs are his specialty, and has been for 30 years. His specialty was working with local farmers and helping them get good rates from the local elevator operators, and for them to trade what they farm on the commodity markets. He had a good share of the farmers in Ohio as his clients. All his farmer / clients were making huge money off the commodity market and the farmers had a new found ability to buy from the elevator operators at extremely low prices and sell when prices were going way up. The commodity people and their lawyers caught up to him, and sued him (File is on CFTC web site.). The reason is they suspected he was doing something illegal, as no one could be that good. In other words, if the markets could be manipulated against him that is one time they would have been. The only way they were able to save their skin is bring a false lawsuit against him. To make a long story short, most of the charges were dropped in exchange for a plea bargain that said he would not trade with another broker again. Effectively, he has a lifetime bar from trading.
If it were possible to manipulate the markets, that is one time it would have been. I also found out how many people that to this day listen to him. My blog is extremely active. When I post concerning beans, corn, and wheat, I get as many hits on my blog in 2 hours, as I do the rest of the week combined. I posted the readership curve from my blog to show what was going on 6 days ago, which was the last time I posted concerning the commodities. I erased the actual amount of hits my blog gets, as that is more personal information, and my blogs address or URL, because it is not allowed by Traderji.
In summary manipulation is only speculative and a lot of hype that is read about it on the internet and the media. After all, there is a reason I did not forecast the exact turning point on Nifty this past week. Who would argue with the daily blowing through the top of the cloud and the very bullish implications that still exist on the weekly? I just forecasted against that evidence based on other evidence.
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Before I get to my friend, Ill share a personal experience. I was an account manager, and was offered a job as an analyst for a broker. It was 276 miles from my home, and I am more devoted to family and my home than I am to a position that has some prestige behind it. The broker asked me to give him a visit, so my wife and I went to Chicago, to go on a tour of his firm, and he wanted to wine and dine me to take the position. That day was extremely enlightening to me, and my wife was very surprised to learn what she did through all this.
The only thing a broker or any other trading entity has the right to do is close someone down when they get too big too fast. This explained why my main platform I use with my methodology is the broker who refused me a live account, while his excuse was that he feared something illegal was going on. He shut my demo (You read it right.) three times, and every time it was when I was making outrageous returns on my account, and I have the proof on 2 of those times. I made over 3,600 pips in 2 days (Im not lying. I got the proof sitting here on my computer.), and the other time I made 500% in 1 months. (I have partial proof of that.). I learned the brokers will do that even to demo traders in order to discourage them from opening an account with them. So now that I know Dan (The broker that took me on the tour.) was telling me right, I put up huge losses on my demo account intentionally to avoid hassles of having to put new templates up and all my charts (28 forex markets, plus gold, silver, oil, and the DJIA.)
What makes sense is if the big money was able to move the markets, then the brokers would move the markets against them in order to garner that money for their selfish aggrandizement. Some of the really big players put up over $ billion on one trade. Why would there not want to be a collective agreement to move the markets against those guys in knowing how much they would lose in knowing it would be the brokers gains? In addition (This is common sense.), there are too many brokers worldwide for them to even think about collaborating any kind of manipulation.
This whole conversation came up from one bad week I had with Nifty. Keep this in mind It is something I live byIt is much easier to take personal responsibility for your actions than blame it on manipulation. Its much better for me to be honest and say, I blew it this week. Big deal! Im human! When I know it is my fault, I have total control, because I can correct the problem. If the markets could be manipulated against me, then I have no hope of trading well, because my broker could come along anytime and move against me.
I have a very good friend who lives just a few miles from me. His name is Roger Wright. I do his TA work for him, as FAs are his specialty, and has been for 30 years. His specialty was working with local farmers and helping them get good rates from the local elevator operators, and for them to trade what they farm on the commodity markets. He had a good share of the farmers in Ohio as his clients. All his farmer / clients were making huge money off the commodity market and the farmers had a new found ability to buy from the elevator operators at extremely low prices and sell when prices were going way up. The commodity people and their lawyers caught up to him, and sued him (File is on CFTC web site.). The reason is they suspected he was doing something illegal, as no one could be that good. In other words, if the markets could be manipulated against him that is one time they would have been. The only way they were able to save their skin is bring a false lawsuit against him. To make a long story short, most of the charges were dropped in exchange for a plea bargain that said he would not trade with another broker again. Effectively, he has a lifetime bar from trading.
If it were possible to manipulate the markets, that is one time it would have been. I also found out how many people that to this day listen to him. My blog is extremely active. When I post concerning beans, corn, and wheat, I get as many hits on my blog in 2 hours, as I do the rest of the week combined. I posted the readership curve from my blog to show what was going on 6 days ago, which was the last time I posted concerning the commodities. I erased the actual amount of hits my blog gets, as that is more personal information, and my blogs address or URL, because it is not allowed by Traderji.
In summary manipulation is only speculative and a lot of hype that is read about it on the internet and the media. After all, there is a reason I did not forecast the exact turning point on Nifty this past week. Who would argue with the daily blowing through the top of the cloud and the very bullish implications that still exist on the weekly? I just forecasted against that evidence based on other evidence.
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