{quote} ... I do not believe the DM always does the wrong thing - most times of coarse, I have been beat a few times on this LOL) ... I believe the SM almost always does the right thing at the right time for the right reason... Here is what I try to do follow pros - so be on the winning team.. TEB
I) Thanks for massive information you brought-up into the discussion by detailed COT charts, also credit is due to "mima" who did the same for the "DM" small traders sentiment SSI.
One small plea though (to everybody) - if You post a significant Info, e.g. chart, stats, PLEASE INDICATE THE LINK TO THE SOURCE OF INFO !
That's one of main purposes of this mutually beneficial exchange.
II) Your arguments are well grounded and respect your conclusion, which may well be verified soon
III) yet I respectfully disagree. As I have indicated rather scrupulously on the charts in my last post : very mild increase in short position
is exactly the standard feature of a Minimum-short. Please observe that in the indicated two earlier horizontal minima - in Both of them shorts of Large specs were mildly increasing right up to the trend change. Also, just a side remark (rather math oriented) - all minima and extrema in general are not characterized by "extreme" size - but by zero slope of the tangent....:nerd:
As always - these are non-smooth processes and negative trend of many days, often becomes Positive trend within hours or even parts of hours....
IV) You largely passed-over the other HUGE "boys" in the COT - i.e. the Dealers! Because they ARE THE MARKET-MAKERS AT LARGE their positions are almost perfectly ANTI-oriented with the trend. In the charts One can notice, that these "Huge Boys" are mildly decreasing their Longs :nerd: (ANTI-oriented remember). Same with Commercials...
As always, these are musings
- "Prediction is hard, especially about the future!"
Siddhartha G
- #86,269
- Nov 2, 2014 3:51pm Nov 2, 2014 3:51pm
- Joined Jul 2013 | Status: Trader | 2,059 Posts
Good Weeek Benaiah ! A good post: {quote}
{quote} The market gapped higher and opened above your TP and your broker filled you at their opening quote. The time of execution might of differed due to to U.S.A. coming off daylight saving over the weekend.
and if its a short same thing yeh? I was worried this was not normal and they would take the profit difference but this is not the case correct?And yeh im from Australia but currently in the US atm and its 4:47pm..
Also Balmain Boy how come my profit closed early even tho market hasnt opened yet? I just want to understand how it works. Is it because on Friday markets generally close 1hr earlier? So does that mean on Monday when markets open they open 1hr early or no? Or do trades close early because of gap and I had a TP set in place.
Thanks once again.
- #86,273
- Nov 2, 2014 3:54pm Nov 2, 2014 3:54pm
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
All posts are my personal opinion
- #86,274
- Nov 2, 2014 3:55pm Nov 2, 2014 3:55pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
{quote} Hi TEB I) Thanks for massive information you brought-up into the discussion by detailed COT charts, also credit is due to "mima" who did the same for the "DM" small traders sentiment SSI. One small plea though (to everybody) - if You post a significant Info, e.g. chart, stats, PLEASE INDICATE THE LINK TO THE SOURCE OF INFO ! That's one of main purposes of this mutually beneficial exchange. II) Your arguments are well grounded and respect your conclusion, which may well be verified soon III) yet I respectfully disagree. As I have indicated...
lol you are right we will know soon
again the cot was more confirmation
but a point to look at - the three chart areas you have on the charts
notice the last point the "now" point has a lot of small raising candle
but more look at those tails
teb
- #86,275
- Nov 2, 2014 3:57pm Nov 2, 2014 3:57pm
- Joined Jul 2013 | Status: Trader | 2,059 Posts
Awesome. And all this time, I could have just pointed to xe.com to prove my analysis was correct
- #86,278
- Nov 2, 2014 3:58pm Nov 2, 2014 3:58pm
- Joined Jul 2013 | Status: Trader | 2,059 Posts
XE.com shows currency quotes 24/7 looks like big gap up for GBPAUD, -sitting on a mound of profit for me.
