Forex manipulation and economic news

Forex manipulation and economic news

Forex manipulation and economic news

Many traders stand in front of a TV everyday to hear the economic news.They take positions and many times do not understand the results or market moves. The see the market react in different ways every time and always find the way to explain something that do not have explanation because the news are news and not money or something that make the market. For years , I have laugh at the economic news, there are nothing important when it come to the market.

For example , the Eurusd drop at the beginning of the year from 15144 to 11874 many believe that the reason was the Euro-zone debt crisis , every TV station was talking about it, many saying that the Euro-zone was to break and the Euro as currencies was to disappear , then the Eurusd went 11874 to 14283 .

The same problems were there and the Euro was getting strong everyday. There come the traders and always finding answers ,they start talking about QE2 , the Feds were printing money and the Us dollars was getting weak ,also not true. All we hear on the news is The Feds are killing the US dollars and then the US dollars got strong the same week the announced for more printing was made. Here come another excuse the European debt crisis again.

Fellow, traders understand this there is a manipulation which is base in Elliott wave principle and the Fibonacci levels, nothing else. The market maker trade using those Technic , they will not said in public but it is a reality. I have seen many times the same news go to different places and why because the Elliott wave cycle was calling for a different move , we need to understand that it is a manipulation nothing else , there is a flow which is created by banks and they are the one that move the market. Look at China , the bigger of all , The Chinese central bank play with the currencies and do not allow it to be trade in the free market .

They are not the only one they are just the more obvious to blame. Every Central Bank and Market maker will manipulate the currencies market , if not the turning points were not so precisely . Keep that in mind and try to learn the games if you wants to survive in this ocean full of sharks.

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