ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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in any market there is always the 'largest player' dynamic, the largest player essentially acts as a market maker. They are the largest player for a reason, whether historically they were privy to information earlier then the rest of the crowd in regards to underlying fundamental nature of the market.
its a interconnected situation in the markets, information is a leading indicator of the risks in any market.
if you look at the foundations of the CIA, and NSA, its the same crowd of people all at key posts and appointments. The same people mixing with the crowd at the heads of higher echelons of society ie investment banks/trading houses..oil industry...defense..
all the talk about the big money bullying prices and running stops has its place, but if you take the time to look mechanically at the market ahead of big reports, bids and offers run thin. and I would imagine (if you could see size of resting orders above the 5 prices displayed in the price matrix), that you would find extremely thin resting orders.
A simple fact of the matter is that the cautious, thin nature of the markets ahead of an employment report has to be considered.
it simply does not take a huge order to run the stops above or below current prices ahead of a headline event when the matrix is thin thin thin.
A simple fact of the matter is that the cautious, thin nature of the markets ahead of an employment report has to be considered.
it simply does not take a huge order to run the stops above or below current prices ahead of a headline event when the matrix is thin thin thin.
...update.
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Camtasia can't seem to handle full trading session recordings.. so the video is stopped here.. and being rendered.
Little over 2 hrs in length. Might do a closing session video.. going to go get a early lunch.
Little over 2 hrs in length. Might do a closing session video.. going to go get a early lunch.
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