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  • #1,198,141
  • Jul 30, 2021 5:25am Jul 30, 2021 5:25am
eu price alone looks like a head fake.

that said, es does have some bullish hew to it.

think i'll keep very light today, it being friday and all.
In tea leaves we trust!
  • #1,198,142
  • Jul 30, 2021 5:41am Jul 30, 2021 5:41am
The "market maker" decided to go long this time with target the sell limit orders. There are much at 1910, but he may change mind again and make the price drop, by hitting stops of buyers this time.

Market maker is not a person in real, its fictional, we can't follow every institution, or broker, so we suppose that there is One.

The market maker is profiting from the spread and with options hedging when its book is unbalanced, because he is sitting in the opposite trade many times so we can have access in any price.

Anyway its not good to trade at the last day of the month and Friday!
Looking for profitable short term trades ...|
  • #1,198,143
  • Jul 30, 2021 5:51am Jul 30, 2021 5:51am
Quoting Js3mwtRc
The "market maker" decided to go long this time with target the sell limit orders. There are much at 1910, but he may change mind again and make the price drop, by hitting stops of buyers this time. Market maker is not a person in real, its fictional, we can't follow every institution, or broker, so we suppose that there is One. The market maker is profiting from the spread and with options hedging when its book is unbalanced, because he is sitting in the opposite trade many times so we can have access in any price. Anyway its not good to...

Market makers are typically large banks or financial institutions. They help to ensure there's enough liquidity in the markets, meaning there's enough volume of trading so trades can be done seamlessly. Without market makers, there would likely be little liquidity.



The NYSE Arca equities platform provides for three types of participants: Market Makers, Lead Market Makers and Order Routing ETP Holders.
Market Makers
A Market Maker is an ETP holder or firm that has registered with NYSE Arca to trade securities. Market Makers are obligated to maintain continuous two-sided Q Orders in all registered securities.
Lead Market Makers
Any registered Market Maker may apply to become a Lead Market Maker (LMM). LMMs operate off-the-exchange trading with more stringent quoting obligations and in some cases, participation guarantees. LMMs must maintain specified cash or liquid assets based upon the number of issues traded.
NYSE Arca Equity Lead Market Making Firms

  1. Credit Suisse Securities (USA) LLC
  2. Deutsche Bank Securities Inc
  3. Goldman Sachs and Company
  4. IMC Chicago, LLC
  5. Jane Street Capital, LLC
  6. KCG Americas LLC
  7. Latour Trading, LLC
  8. OTA, LLC
  9. Susquehanna Capital Group
  10. Timber Hill LLC
  11. Virtu Financial BD, LLC


https://www.nyse.com/markets/nyse-arca/membership-types



Some of the largest forex market players include: Deutche Bank, UBS, Citigroup, Bank of America, Goldman Sachs and HSBC.

  • #1,198,144
  • Jul 30, 2021 6:03am Jul 30, 2021 6:03am
Quoting Mcbeaners
eu price alone looks like a head fake. that said, es does have some bullish hew to it. think i'll keep very light today, it being friday and all.

I found that Monday is a bad day for me to trade ... and Tuesday, and Wednesday, and Thursday
  • #1,198,145
  • Jul 30, 2021 6:29am Jul 30, 2021 6:29am
Quoting Mcbeaners
eu price alone looks like a head fake. that said, es does have some bullish hew to it. think i'll keep very light today, it being friday and all.
sellers showing on ES - so prehaps a dollar focused day today. i have a short on ES @ 4392
In tea leaves we trust!
  • #1,198,146
  • Jul 30, 2021 6:38am Jul 30, 2021 6:38am
Quoting JauntyLoon
{quote} I found that Monday is a bad day for me to trade ... and Tuesday, and Wednesday, and Thursday
perhaps saturday and sunday are YOUR days?!!
In tea leaves we trust!
  • #1,198,147
  • Jul 30, 2021 6:45am Jul 30, 2021 6:45am
Quoting JauntyLoon
{quote} I found that Monday is a bad day for me to trade ... and Tuesday, and Wednesday, and Thursday
Weekends are good so we can correct our mistakes if, what we did wasn't on purpose of finding our edge to our trading and get back on Monday, so we can start fresh with new mind again.

For every day there is a certain method so we can profit. Opportunities are for every day and for all.
Looking for profitable short term trades ...|
  • #1,198,148
  • Jul 30, 2021 6:53am Jul 30, 2021 6:53am
This was the market makers opportunity to profit after he saw the big 4 hours candle. Many retail traders would join and pick their side at 1850. He also went for the limit orders at 1895. Now he can do the opposite and profit both ways.

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Looking for profitable short term trades ...|
  • #1,198,149
  • Jul 30, 2021 7:00am Jul 30, 2021 7:00am
Quoting leppozdrav
{quote} Possible, but not without some retrace first. But then again, who knows what's what with this pair.
It looks like that is what it is doing now. I doubt we'd be seeing any breakouts this week.
  • #1,198,150
  • Jul 30, 2021 7:01am Jul 30, 2021 7:01am
Overbought opportunity to sell?
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  • #1,198,151
  • Edited 10:05am Jul 30, 2021 7:11am | Edited 10:05am
my next longs about 1.1847 and 1.1830
(still long in https://www.forexfactory.com/thread/...5#post13630705 , small short too https://www.forexfactory.com/thread/...3#post13647733)
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edit: 17:04 GMT+1
long @1.1855

have a nice weekend @all
  • #1,198,152
  • Jul 30, 2021 7:51am Jul 30, 2021 7:51am
How far will it drop
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  • #1,198,153
  • Jul 30, 2021 8:15am Jul 30, 2021 8:15am
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Left $JY 5' My longs were 40 pips underwater at some point....Now BE.

Right E. 5' My SL on shorts at 1.19 10

Fri and last day of any month are as good as any other day IF you have an understanding what is brewing....

  • #1,198,154
  • Jul 30, 2021 8:27am Jul 30, 2021 8:27am
I know that it sounds insane but my target for the end of this session is 1.19431

Let's see if we actually hit it. From now on until close we should only go UP !!!
  • #1,198,155
  • Jul 30, 2021 9:08am Jul 30, 2021 9:08am
Quoting NrSLionHeart
I know that it sounds insane but my target for the end of this session is 1.1855 Let's see if we actually hit it. From now on until close we should only go DOWN !!!
fully agree
  • #1,198,156
  • Jul 30, 2021 9:18am Jul 30, 2021 9:18am
Quoting PatienceFx
{quote} fully agree
Fully agree too

1.1855 seems kinda high though ...

That was the situation when I originally posted, after that of course that we fell below the effing trendline..

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  • #1,198,157
  • Jul 30, 2021 9:34am Jul 30, 2021 9:34am
Quoting NrSLionHeart
{quote} Fully agree too 1.1855 seems kinda high though ... That was the situation when I originally posted, after that of course that we fell below the effing trendline.. {image}
It took out stops from a recent H4 stop cluster, then reversed as it does 95% of times.
Then some big players sold hard destroying any trend lines that were decorating charts.

My guess is there was stuff all liquidity above so it had to hunt buyers instead.
Trading thin liquidity at the boundary of the charts
  • #1,198,158
  • Jul 30, 2021 10:13am Jul 30, 2021 10:13am
looks like ES has been rescued again and we should see some dollar weakness this afternoon.
In tea leaves we trust!
  • #1,198,159
  • Jul 30, 2021 10:27am Jul 30, 2021 10:27am
Quoting RickM
{quote} It took out stops from a recent H4 stop cluster, then reversed as it does 95% of times. Then some big players sold hard destroying any trend lines that were decorating charts. My guess is there was stuff all liquidity above so it had to hunt buyers instead.

Can you explain the liquidity thing that you posted this morning on the other thread?
  • #1,198,160
  • Jul 30, 2021 10:44am Jul 30, 2021 10:44am
1895/1900 was a bulltrap.

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Looking for profitable short term trades ...|
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