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USD/CAD - Stop Hunting

Even thought USD/CAD PA is suggesting that we may be developing a swing high in place which is also supported by the seasonality cycle, you can read more about the seasonality tendencies of USD/CAD here: Jun FX Seasonal Pattern
USD/CAD has a strong pattern to sell of during the month of Jun, weakness that caries on all the way through July where we establish a major bottom. However despite this I took a long trade based on the short term PA, because I had the momentum in my favor. Also the timin…
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The FX Cartel Has Hit Again

I'm surprised that no one has made any attempt to write about yesterday's big story, which is the constant manipulation of the FX market that has been exposed once again by the FCA.
I guess this comes as no surprise as the dealers and the banks have always kept track of people’s positions and routinely trade against them. Even in the old days, the floor brokers gunned for stops and shared that info with the big players it seems old practice die hard, but as long as the market is a zero sum g
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megajorko avatar

I wrote yesterday a very short blog on this topic. It is very frustrating isn't it?

Daytrader21 avatar

megajorko Now the an regulatory body has exposed them it's making the things look worse than I thought and it's more than just being frustrated, when you thing that it's your money and mine at stake  and you have to deal with all this manipulation

VictoriaVika avatar

So, you are the first who write an article about this story, good!

megajorko avatar

Nobody has laughed at you at least all traders involved in trading for more than 3 -5 years know that there is a stop hunting in bank brokers. The problem is how to avoid being caught by them and is it possible to be on the green for a long term? Otherwise what are we doing, just wasting our time or what?

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EUR/USD Why I was long?

Since beginning of the year I've been a perma bear on this pair but the recent price structure has made me change my mind and accept that my timing was wrong. I say "my timing" because I still see it falling but not just yet, for now we're in a big range and as major risk events happen around the world we will see this pair bouncing up and down. So because of this I've decided to play the market both ways and look for signs of topping pattern and only when the market dictate so onl…
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