Disliked{quote} NZDUSD Short Trade Open: Adopting to them. Now we know the reason, why they kept the price above the whole level. {image}Ignored
Previous to the price being supported, and even during the supporting above the whole number, there were repeated dips below it. I guess the idea was to make this look bullish, which it did. And the idea in doing so was to sucker in the "right side" longs......TOO SOON! By doing this the MMs were building up their liquidity bank for getting their own long orders filled - yes, after filling SM longs and at lower prices - which required they only make a "liquidity withdrawal" via their planned stop hunt move. Fill SM long orders, support the price to bring more longs into the market, and then do a good stop hunt on all of them!
This is why we say we also need to understand what these people at the Robber Bank MMs are like, the cloth they are cut from. They are crooks, and we have to be extra careful about trading in the market they operate. On some special days you can see them in their true colors. We should witness it. Take note of it. Speak of it. And remember it!
-tah