Tuesday, March 11, 2014

This morning theoretical opening price was pumped down to 1790. Every morning it seems the locals or some big trader is using big 'fake' orders (non bona fide orders with no intention to trade) to 'test' the market for stops. This is actually creating false and misleading market activity. I wonder why the trade surveillance is not clamping down on this sort of activity.

Anyway now that they created the 'watch out below' mentality on the market players, they now pump the price up, having caught some shorts (who expect the stop to be triggered)

So, to fill the gap up there? Time will tell.


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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil



From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system