That is so true and for me, BTMM has allowed me to be aware and see this manipulation happening in the market.DVanAssen wrote: Sun Sep 29, 2024 5:06 pm Thanks - Many traders ignore this crucial aspect of Forex - Manipulation and assume all these fantastic indicators will ensure profitability. Like Friday NO INDICATOR would have "forecasted" the YEN actions on the market. It may seem daunting to many to start entertaining this aspect of forex in their trading but believe you me, since i was introduced to it I have been profitable by simply acknowledging the fact that indicators are meaningless if we do not take market manipulation into our decisions - and the most important one for me in my decision is liquidity. From thereon the indicators simply confirm that yes or no, the market is moving to that area of liquidity.
Concerning Friday's YEN move, there WAS one indicator that forecasted that particular move
. It was forecasted weeks before and confirmed by the H1 and M30 chart price action. However, because most retail traders are so myopic they would NOT have seen it or even considered it. Many retail traders do not consider the higher timeframes and this potential reversal move was clearly shown on the H4 charts.All they have to do is open their eyes and see the bigger picture.
They “can’t see the forest for the trees”
The indicator in question is the Gann Legacy.
