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  • #1,881
  • Jun 21, 2020 5:51pm Jun 21, 2020 5:51pm
Quoting detector
Resumed WTI short 39.28 {quote} Stopped out but resumed at 39.70
First target if it goes 37
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,882
  • Jun 21, 2020 5:53pm Jun 21, 2020 5:53pm
Stops in place, good night all
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,883
  • Jun 21, 2020 11:49pm Jun 21, 2020 11:49pm
Quoting detector
Managed a few sheckles last week, see what the new one brings, could resume the WTI short, whats your thoughts Li, EF, EvT? seeing as your contributions are priceless, need to get this momentum rolling again, looking to buy a bigger island to match yours, D
Morning D,

Market still ranging with strong resistance on 40,2x on H4. With increased virus infections in America it could give us some downwards pressure. Then again
gasoline demand increases
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persistence and determination alone are omnipotent
  • #1,884
  • Jun 22, 2020 12:31am Jun 22, 2020 12:31am
Quoting Ll1979
{quote} Morning D, Market still ranging with strong resistance on 40,2x on H4. With increased virus infections in America it could give us some downwards pressure. Then again gasoline demand increases {image} {image}
Morning Li, the 1hr is showing down, with another spike looming and WTI at a possible top, I took the short, price seemed to turn Friday so just carrying it over, not showing a great move as yet, London open may change things, EU trooping along for now,showing it may be ready to bounce back, the divergence may pay off, thanks for the valuable inputD
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,885
  • Jun 22, 2020 12:48am Jun 22, 2020 12:48am
Quoting detector
if the plan holds 24800 for the Dow, seems it's following
Friday's GEX number was much lower so a bigger move in equities is possible going into this week.

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In case anyone isn't familiar with GEX it represents gamma exposure. Essentially, gamma exposure indicates the degree to which market makers will need to hedge when the market moves. When market makers have high gamma exposure they'll hedge against the prevailing trend and a negative gamma exposure means it will be with the prevailing trend. Therefore, high gamma exposure suppresses volatility and low gamma exposure will magnify it... I did some independent research and it seemed to confirm this really does work so its worth keeping an eye on.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #1,886
  • Jun 22, 2020 1:01am Jun 22, 2020 1:01am
Quoting EF5
{quote} Friday's GEX number was much lower so a bigger move in equities is possible going into this week. {image} In case anyone isn't familiar with GEX it represents gamma exposure. Essentially, gamma exposure indicates the degree to which market makers will need to hedge when the market moves. When market makers have high gamma exposure they'll hedge against the prevailing trend and a negative gamma exposure means it will be with the prevailing trend. Therefore, high gamma exposure suppresses volatility and low gamma exposure will magnify it......
Great analysis EF, so effectively, when we look at the chart to compare the lines, the organic rise or fall, lines will mimic one another but the hedging will bring them together (centre of the chart looks to be taking the opposite side), thanks for the valuable input, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,887
  • Jun 22, 2020 1:24am Jun 22, 2020 1:24am
Quoting detector
{quote} Great analysis EF, so effectively, when we look at the chart to compare the lines, the organic rise or fall, lines will mimic one another but the hedging will bring them together (centre of the chart looks to be taking the opposite side), thanks for the valuable input, D
My pleasure detector!

Actually, you can disregard the green line in the chart I posted. It's just the S&P 500. Gamma exposure is independent of that so you just need to focus on the GEX values.

Succinctly put:

  1. High GEX: Market makers do the opposite of whatever the rest of the market does. Therefore high gamma exposure acts as a brake on the market.
  2. Low GEX: Market makers do the same as whatever the rest of the market does. Therefore low gamma exposure amplifies market movement.

Last week we had a high GEX so market makers weren't going to let the market move much. If the market was up, they'd be selling and if it was down they'd be buying. Going into this week GEX is much lower so market makers won't have as much influence. If YM drops 500pts they're not going to be buying the dip like they would have last week.

Self-sufficiency is the greatest of all wealth. - Epicurus
  • #1,888
  • Jun 22, 2020 1:39am Jun 22, 2020 1:39am
Quoting EF5
{quote} My pleasure detector! Actually, you can disregard the green line in the chart I posted. It's just the S&P 500. Gamma exposure is independent of that so you just need to focus on the GEX values. Succinctly put: High GEX: Market makers do the opposite of whatever the rest of the market does. Therefore high gamma exposure acts as a brake on the market. Low GEX: Market makers do the same as whatever the rest of the market does. Therefore low gamma exposure amplifies market movement. Last week we had a high GEX so market makers weren't...
Excellent, cheers
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,889
  • Jun 22, 2020 1:48am Jun 22, 2020 1:48am
Off to work soon, keep the home fires burning and see you all after a hard day will be monitoring positions mobileD
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,890
  • Jun 22, 2020 9:40am Jun 22, 2020 9:40am
Stellar performance from EU, looking to close or scale out, we are above the sloping res line with what could be continuation to 1.1281, WTI lingered around with little or no movement, hourly indicators still down although coming close to crossing or rejection, will monitor and act as and when.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,891
  • Jun 22, 2020 9:46am Jun 22, 2020 9:46am
Looking to get a position on the Dow, any views?
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,892
  • Jun 22, 2020 9:57am Jun 22, 2020 9:57am
Quoting detector
Speculative buy on EUR/USD 1.11853 {quote} Divergence on the hourly chart with price making lows but MACD not following, could be Kansas city shuffle but taken the buy.
Closed 1.12538
added WTI short40.04
Opened Dow short 25840
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,893
  • Jun 22, 2020 12:08pm Jun 22, 2020 12:08pm
Quoting detector
{quote} Closed 1.12538 added WTI short40.04 Opened Dow short 25840
Nice trade D!
persistence and determination alone are omnipotent
  • #1,894
  • Jun 22, 2020 1:41pm Jun 22, 2020 1:41pm
Quoting Ll1979
{quote} Nice trade D!
Thanks Li, not so consistent with my others, feeling the pinch a little but giving them a little more time, cheers
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,895
  • Jun 22, 2020 2:31pm Jun 22, 2020 2:31pm
12 hr bar showing little movement and what looks like trend to be a down bias on the MACD crossing, price bounced off the 52ma, as previously but capped at the 26ma, looking for this continuation to support the MACD to 24844 support, all could turn on a dime though, just my opinion
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I don't need to be good at the game, only good enough to beat my opponent,
  • #1,896
  • Jun 22, 2020 3:02pm Jun 22, 2020 3:02pm
All done for the day, see y all tomorrow,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,897
  • Jun 23, 2020 1:12pm Jun 23, 2020 1:12pm
Added WTI 40.17, coming off the tops, took a while and may come around, Dow punishing with 400+ above the short, 12hr bar touched 26 ma and came off for now, still holding.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,898
  • Jun 23, 2020 2:51pm Jun 23, 2020 2:51pm
Dow trying again? indicators showing signs
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,899
  • Jun 24, 2020 8:16am Jun 24, 2020 8:16am
Quoting detector
Added WTI 40.17, coming off the tops, took a while and may come around, Dow punishing with 400+ above the short, 12hr bar touched 26 ma and came off for now, still holding.
Hello all, seems WTI is following the plan, although not in any mad fashion, the 4hr is turning with a target of 29.50 although past attempts have never hit the presumed target, maybe the long spell up could make a difference, still have 35 as fist target, will adjust accordingly, Dow has lowered too, will see how this works out on open, all still pointing down, again, will monitor.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,900
  • Jun 24, 2020 8:42am Jun 24, 2020 8:42am
New support for the Dow 25356, if we go down (if) and it breaks here it could pave the way to 23xx
I don't need to be good at the game, only good enough to beat my opponent,
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