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Wednesday, September 22, 2010

Me on #markets & #trading

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I think my problem is that I want justice and honesty because I am an American and we have always been able to depend on getting those things to a large degree here.. Including in markets..

But no more..

This is a fucking war and that is how I see it and will continue to see it.

The most important goal is not to be right but to understand and take advantage of the plans and propaganda of your enemy (the United States government and the FED).

There are tricks the government and the FED use to manipulate the markets in any direction they like at any time they like. And the fewer retail traders there are the easier this is for them to do.. I have come to believe the forex market is no different.. They have all the money, they can do whatever the fuck they decide to do through simple collusion and coordination.. We don't stand a chance in hell betting against monied interests..

The problem with the market going down, as we all know it should, is that it would completely destroy the United States economy and the political class as well. That is why they cannot allow it to happen at any cost. When/if we were to get a next leg down and take out the previous lows it would effectively BE the end of the world.. It would be the beginning of something much worse than the great depression ever thought about being..

I am convinced that the US government, including the Federal Reserve and most governments and central banks around the world, will do ANYTHING and I mean anything to prevent that. If it takes Martial Law they will do it. If it takes a Police State then they will do that.

We are currently in the eye of the storm.. Where government and FED manipulations of everything economic have succeeded in 'propping things up' better than I ever imagined they would be able to do. But nothing is fixed.. Everything is worse now than it was before. The market is only a mirage. A fantasy..

I work to understand HOW the market works.. When they pull their dirty tricks I want to understand what is going on.. A good example was my GBPJPY longs yesterday.. I had 3 of them x2 with 2 stops at 132.43 and one at 132.33 They moved the price down to 132.33 to the pip to clean me out on all 3 positions.. THEN it turned higher violently! I jumped back in as fast as I could for 5 lots but only managed to get 132.50 still. I entered on m1 but that was still the best price I could get it happened so fast. I got most if not all my money back.

Sure I agree that the trend is your friend.. But I want to understand EVERYTHING about what those bastards do to manipulate people out of their money. If I can do that I can, and will, use it against them..

Greg

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