EURUSD Today 20200928 Mid London session (or any other time and day)
It occurs to me that [Intraday] retrs. at new extremes, around SR (What I recognize as SR), is big guys playing both sides repositioning and re balancing the net position. They block movements and push it opposite to reverse net before letting it go or push it back in previous direction. A bit of the good old up and down (to quote from Kubrik's Orange Clockwork).
Or maybe it's just me occasionally doing it. Or sometimes it's that and at other times it's something else, like maybe imposing deeper retrs. even after clearing all SR. All up and down that of course takes out retails' weak (and shaky) hands and transfers the greens.
What's for sure it's that those guys don't play moronic patterns and RR ratios; they impose the moves according to their needs and with an eye to the book.
Discuss.
It occurs to me that [Intraday] retrs. at new extremes, around SR (What I recognize as SR), is big guys playing both sides repositioning and re balancing the net position. They block movements and push it opposite to reverse net before letting it go or push it back in previous direction. A bit of the good old up and down (to quote from Kubrik's Orange Clockwork).
Or maybe it's just me occasionally doing it. Or sometimes it's that and at other times it's something else, like maybe imposing deeper retrs. even after clearing all SR. All up and down that of course takes out retails' weak (and shaky) hands and transfers the greens.
What's for sure it's that those guys don't play moronic patterns and RR ratios; they impose the moves according to their needs and with an eye to the book.
Discuss.
Temperance (restraint in action, thought or feeling) is a virtue.