ES Journal Archive (2011)

wave · Nov 30, 2011

watch how this baby drops...

noone3 · Nov 30, 2011

38 coming? i will buy the breakout here at 33
hope it happens

gmst · Nov 30, 2011

Quote from kinggyppo:

central banks, sovereign funds, hedge funds, pension funds, locals/market makers, retail players. I will let you guess who the 800 pound gorilla is. Gmst here is an update on the inverse head and shoulders chart in es.

Thanks kinggyppo for remembering me. Imo, nice illustration but should not be counted, because of the CB intervention.

I think its fair to say that we should count occurences of patterns, if they have been caused by activities of market players. I don't think its correct to count CB liquidity/swaprates/fx spot interventions effects either on ccys charts or equities charts and then say that this and this pattern held.

kinggyppo · Nov 30, 2011

Quote from gmst:

Thanks kinggyppo for remembering me. Imo, nice illustration but should not be counted, because of the CB intervention.

I think its fair to say that we should count occurences of patterns, if they have been caused by activities of market players. I don't think its correct to count CB liquidity/swaprates/fx spot interventions effects either on ccys charts or equities charts and then say that this and this pattern held.

next you will tell me price got there on low volume, does it matter if you were short, LOL.

ammo · Nov 30, 2011

Quote from gmst:

Thanks kinggyppo for remembering me. Imo, nice illustration but should not be counted, because of the CB intervention.

I think its fair to say that we should count occurences of patterns, if they have been caused by activities of market players. I don't think its correct to count CB liquidity/swaprates/fx spot interventions effects either on ccys charts or equities charts and then say that this and this pattern held.

they,those trading with prior knowledge,have positions also,they all count

gmst · Nov 30, 2011

Quote from kinggyppo:

next you will tell me price got there on low volume, does it matter if you were short, LOL.

no i won't say that. I will count low volume since it was pre-market.

But for the sake of good research, I don't think its correct to count occurence of a pattern caused by CB intervention. Its similar to counting a pattern if it showed up, lets say after Sep 11.

Btw i was short from 96, and stopped myself at 1206 after CNY reserve rate cut. So got saved from this massacre somewhat.

JoshDance · Nov 30, 2011

41 a reasonable upside target, then 50

noone3 · Nov 30, 2011

Quote from noone3:

38 coming? i will buy the breakout here at 33
hope it happens

too slow and euro isnt moving, offering 35.75

ammo · Nov 30, 2011

kinggyppo · Nov 30, 2011

Quote from gmst:

no i won't say that. I will count low volume since it was pre-market. But for the sake of good research, I don't think its correct to count occurence of a pattern caused by CB intervention. Its similar to counting a pattern if it showed up, lets say after Sep 11.

Btw i was short from 96, and stopped myself at 1206 after CNY reserve rate cut. So got saved from this massacre somewhat.

so you lost 10 es points but it doesn't count, I don't get it?

ES Journal Archive (2011)

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