Took my profit at 1.3171. Trade safe and have a good weekend traders.
2
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DislikedWatch the positions held. When the majority are selling, most of the time it is buy. When the majority is buying, most of the time is selling. Sometimes the MM will let the price go higher if the majority are buying for example. It will make the traders think that is something that they are doing right. But the next day when everyone is holding buy, MM accumulate the price fill in the orders and it goes down, clearing out all the buyers and knocking out stop losses. Same goes with sellers if it is vice versa. When you see a move like that on the...Ignored
DislikedWatch the positions held. When the majority are selling, most of the time it is buy. When the majority is buying, most of the time is selling. Sometimes the MM will let the price go higher if the majority are buying for example. It will make the traders think that is something that they are doing right. But the next day when everyone is holding buy, MM accumulate the price fill in the orders and it goes down, clearing out all the buyers and knocking out stop losses. Same goes with sellers if it is vice versa. When you see a move like that on the...Ignored
Disliked{quote} One needs to distinguish between Institutional traders(ITs) and the Market Makers (MMs). They have different business models and therefore different intentions in the market. IT traders are directionally biased. They try to take the market in one direction and will try to manipulate the market to gain enough volume on their books without spooking the MM. The MM is not directionally biased. They do not care if the market goes up or down. They care about getting volume on their books and making small 1,2,3 tick profits. MMs are the spread...Ignored
Disliked{quote} One needs to distinguish between Institutional traders(ITs) and the Market Makers (MMs). They have different business models and therefore different intentions in the market. IT traders are directionally biased. They try to take the market in one direction and will try to manipulate the market to gain enough volume on their books without spooking the MM. The MM is not directionally biased. They do not care if the market goes up or down. They care about getting volume on their books and making small 1,2,3 tick profits. MMs are the spread...Ignored
Disliked{quote} Can you explain what do you mean by "long trend has arrived"?Ignored
Disliked{quote} Yes, one condition. You will post 100 time. "I will not be a big mouth any more. Apoligies"<img data-emoji="thumbsup" width="18" height="18" class="emoji" src="https://cdn-resources.faireconomy.media/images/emojis/64/1f44d.png?v=1.0.0.1" /><img data-emoji="thumbsup" width="18" height="18" class="emoji" src="https://cdn-resources.faireconomy.media/images/emojis/64/1f44d.png?v=1.0.0.1" /><img data-emoji="thumbsup" width="18" height="18" class="emoji" src="https://cdn-resources.faireconomy.media/images/emojis/64/1f44d.png?v=1.0.0.1"...Ignored
Dislikedhttps://cdn.discordapp.com/attachmen...8389/gud34.jpg sure looks like price is reacting off of the daily supply, hardly a long. Daily supply is not where you want to buy!Ignored