ES Journal Archive (2011)

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Quote from Lawrence Chan:

Original intention was to go up to 30+ or even 40+
That is obvious from the way selling above 20 has no firepower pushing ES and NQ down.

Then their gunmen started to speak and then shoot out all these reports - so some players are playing dirty above 20.

They will not take a loss because they always win by manipulation.

So once the day mid to R1 area is cleared, they will go all out cover.
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Very interesting Lawrence, thank you..
 
Quote from Lawrence Chan:

Original intention was to go up to 30+ or even 40+
That is obvious from the way selling above 20 has no firepower pushing ES and NQ down.

Then their gunmen started to speak and then shoot out all these reports - so some players are playing dirty above 20.

They will not take a loss because they always win by manipulation.

So once the day mid to R1 area is cleared, they will go all out cover.
More...

Thanks, but you are a professional and I am an amateur. So, it will be great if you can please clarify following for me :)

1. Who are the gunmen, what are they speaking - sorry if it is a metaphor, but I didn't follow.
2. What do you mean by players playing dirty above 20 - what is dirty ?
3. who are 'they' here, who will go all-out and cover, once daymid to R1 is cleared --- I think 'they' are those guys who shorted initially. correct ?

Thanks Lawrence for making it easier for me :)

Edit: Also, what reports do they shoot out ?
 
Quote from gmst:

Thanks, but you are a professional and I am an amateur. So, it will be great if you can please clarify following for me :)

1. Who are the gunmen, what are they speaking - sorry if it is a metaphor, but I didn't follow.
2. What do you mean by players playing dirty above 20 - what is dirty ?
3. who are 'they' here, who will go all-out and cover, once daymid to R1 is cleared --- I think 'they' are those guys who shorted initially. correct ?

Thanks Lawrence for making it easier for me :)
More...

#1 Fed, IMF, ECB, EU, World Bank all have at least 1 to 2 figures came out bad mouth euro zone around late 11 am before 12 pm. Then Fitch came out with the downgrades.

#2 These players who know exactly where the short sellers buy stops are and blocked the rally from happening - positioning themselves to pocket the drop down to prev day close area.

#3 They means some very connected nameless traders trading for the rich and powerful.

There are those who see the weaknesses and jump on board for a ride down. Those are good traders, not those who play dirty. =)
 
Quote from Lawrence Chan:

#1 Fed, IMF, ECB, EU, World Bank all have at least 1 to 2 figures came out bad mouth euro zone around late 11 am before 12 pm. Then Fitch came out with the downgrades.

#2 These players who know exactly where the short sellers buy stops are and blocked the rally from happening - positioning themselves to pocket the drop down to prev day close area.

#3 They means some very connected nameless traders trading for the rich and powerful.

There are those who see the weaknesses and jump on board for a ride down. Those are good traders, not those who play dirty. =)
More...

Alright Sir! That was some pretty cool explanation. I owe you a beer!

Thank you again!
 
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