ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Remember the sequence of tops?
78, 58, 38
We just made one at 18, what's next ...
78, 58, 38
We just made one at 18, what's next ...
News is not an important consideration. We are in a longer term downtrend. Yes, there will be bounces at any time, some of them significant. As far as oil goes, folks always think that with lower oil comes higher equities. --Not necessarily true---in fact, lower oil prices can indicate lower demand fueled by a slack economy. Best not pay attention to news and just trade the charts. You'll be wrong a vast majority of the time by trying to analyze the news.
There is no engineering of price action, no PPT nor manipulation. What do exist, in great abundance, are bad entries and exits and very poor stop placements (and conspiracy theorists).
Quote from JSSPMK:
Either 1238 or 1198.25
Below 1200 today is my guess ... wild guess!
Sorry prices are engineered. Yesterday they were engineered lower at the close. Price action is manipulated to give off certain
sentiment to help engineer the next beneficial move. Yesterdays
PA was a great example.
They are engineered to go after what you call bad trades.
sentiment to help engineer the next beneficial move. Yesterdays
PA was a great example.
They are engineered to go after what you call bad trades.
Quote from Buy1Sell2:
News is not an important consideration. We are in a longer term downtrend. Yes, there will be bounces at any time, some of them significant. As far as oil goes, folks always think that with lower oil comes higher equities. --Not necessarily true---in fact, lower oil prices can indicate lower demand fueled by a slack economy. Best not pay attention to news and just trade the charts.
There is no engineering of price action, no PPT nor manipulation. What do exist, in great abundance, are bad entries and exits and very poor stop placement.
Understanding of manipulation varies, at certain times we see manipulative actions via spoofing especially at times when volume is thin, on the other hand if we had manipulation present at most times, then wouldn't we have more random behaviour of p/a? I just want to be on the right side (like most hehe) & the right time, stronger party wins, basically law of the jungle still runs the world
Its not unfortunate, I worked in the FX industry for a large institution for 20 years. That Market is the most manipulated market. The order books were very well known. The larger the stop, the bigger the target. If a knock in or knock out option needed to be taken out to benefit the bank, it was taken out. Market would move 4 or 5 points beyond the targets. Same thing happens in equities. I have seen it. Manipulation is driving the market to targets. May be temporary but it is done.
Quote from Buy1Sell2:
It is unfortunate that you hold this belief. However, good fortune to you!
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