BS, for just a few pips, yes, it could be the Market Makers. but not such massive decline. Its the nature of Elliott Wave, If you follow that, you will know what going to happen.
Trading_Wave_By_Wave
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@TexasSadr, i am an elliott waver why dont you do a video and explain your views based on elliott wave because i know if u watched my video from yesterdat i warned that this may happen and thats why i would not buy or sell at that point and where i would based on my market geometry technique which i use with elliott wave. so lets see what you got my friend teach me something im open to your info please tell me what is going on in that area
TexasSadr
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@kizer777, Dear Kizer, I don't know you and I don't have anything in my back of my head about you. Then don't take it personally.
I didn't Watch all your video, because I strongly think that your first phrase is wrong; when you said about Market Maker in this particular subject wasn't enough valid.
Even though, I believe almost all the brokers are the Market Makers; As I said earlier, a couple of pips could be Market Makers noise. But such a big decline won't be their manipulation effect, If so, so we can't trust the market anymore.
In addition that requires all the big Global Brokers to be union and have the same move on the market or represent the Fake movement on the chart which is almost impossible.
This logic stopped me to watch the rest of your video.
Again, Please don't take it personally. Be gentle as you are.
Regards
Trading_Wave_By_Wave
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@TexasSadr, Thanks for the apology. I did take it personally when you said "BS" but all is well now.
From what you said you think the market makers dont create the big moves and you think brokers are market makers. Here is my view, broker cant be market makers why, because they can only manipulate the price on their platform not all.
Noise is created by market makers as well but the small traders get trapped in that and its called the accumulation phase (correction, pull back etc) where market makers allow most of the back and forth buying and selling to happen then market maker move to their next target taking stops with them and causing drawdowns for traders who will eventually cut their trades in a loss leaving money on the table hence thats how we make money as there is always liquidity.
As traders we need to stop thinking we move price not even Warren Buffett moves prices all what you hear in the news is entertainment for the masses what you see on your economic calendar is created by the market makers as a reason to move price and the out come of those numbers or news does not determine price direction, if you dont believe me test it for your self when the news comes good buy when it comes bad sell and see what actually happens.
Brokers are just that brokers they facilitate the buying and selling not create price if they manipulate the price its only on their platform and thats cheating their customers.
Who are the market makers central banks and and their spokes people eg. Mario Draghi, Trump and so on.
I hope i opened your eyes a bit remember dont take my work for it just really step back and take a look you will see the markets are planned and you job as a trader is to find out what the plan is and thats how you make money.