ES Journal Archive (2009 - 2010)

[JSSPMK]

Quote from Lawrence Chan:

Wrong.

Those who have dominating position size are very predictable. Not because they are stupid, its because the ones they are going to manipulate are.

=)

Hey Lawrence,

What about Gold futures where for almost 20 years I believe commercial traders are net short & large specs are net long similar size? So commercial side is the "stupid" one? Imagine if & when they decide to cover? Jeez!!! No Hunts this time like in silver. Walayat does suggest that they will be forced to raise short term IRs whilst keeping long term rates low ie deflate assets & inflate economy (QE + higher interest rates)

 

[ajcrshr]

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[Pekelo]

Quote from Lawrence Chan:


Those who have dominating position size are very predictable.

Then please, do so!

You see, Wave saw I giant trade taking place at 1185 and thought, hm, "they" are selling, I better sell too. I saw the same thing and I thought hm, "they" are buying and I bought.

Who was right? Glass half empty or half full?

 

[Lawrence Chan]

Quote from JSSPMK:

Hey Lawrence,

What about Gold futures where for almost 20 years I believe commercial traders are net short & large specs are net long similar size? So commercial side is the "stupid" one? Imagine if & when they decide to cover? Jeez!!! No Hunts this time like in silver. Walayat does suggest that they will be forced to raise short term IRs whilst keeping long term rates low ie deflate assets & inflate economy (QE + higher interest rates)

commercial have to sell. they have a business to net sell.
and they delivery the physical so net sell is normal for them.

it is the nature of all instruments that are "consumed".

 

[Lawrence Chan]

Quote from Pekelo:

Then please, do so!

You see, Wave saw I giant trade taking place at 1185 and thought, hm, "they" are selling, I better sell too. I saw the same thing and I thought hm, "they" are buying and I bought.

Who was right? Glass half empty or half full?

Wave is telling you that sell signals on higher timeframe will start to work from that point.

Not that you better sell too.

There is a big difference.

 

[JSSPMK]

Quote from Lawrence Chan:

commercial have to sell. they have a business to net sell.
and they delivery the physical so net sell is normal for them.

it is the nature of all instruments that are "consumed".

Yet it doesn't look as extreme in other futures.

 

[Lawrence Chan]

Quote from JSSPMK:

Yet it doesn't look as extreme in other futures.

Forward selling is not to the best interest of these firms, but it certainty lock in profit for these companies and in turn the bonuses for the executives.

 

[JSSPMK]

Mr Topstep "...buy every dip..."

http://www.youtube.com/watch?v=RT9CX9KzXAA&feature=youtube_gdata_player

 

[Nexen]

Quote from ammo:

ad 11 to 97,avg 1206+

1218.50 in afterhours any updates ?

hope u get out of this a winner

 

[Now is Now]

Quote from Nexen:

1218.50 in afterhours any updates ?

hope u get out of this a winner

Unfortunately this could be one of those 'once in a year' drubbings as I recall it flew straight to 1217 without any 'relief'....a stinker of a day for any counter trend traders....


NiN