What Forex chat rooms are these? References are made to "The Bandit's Club" and "The Cartel" in these popular stories.
This is what I have been suspecting for a long time. The article talks about the manipulation of the daily fix, but if these guys use chatrooms to pool all their order flow knowledge then they have an edge in so far they know (short term) traders positioning . I am sure this can be very useful to gun stops. I have noticed this happening a lot during the european session. I guess it was these guys doing their thing. Let me know what you think. Maybe the"whiners" who called some moves manipulation were right all along !
Aren't Forex markets massive? Those traders would have to be playing with some very large stacks of chips.
So if that's B.S. why did these traders value so much information about each other's order flow ? You think they chat just to kill time ?