Going With The 60min Flow!!!

[milind]

NF short triggered 2641.

Last time we took a long trade, we lost out as well. Secondly, last time, when NF reversed, none of the stock futures that we track here had reversed. Almost the same case today - except for RIL which reversed before NF.

-- Milind

 

[Czar]

would'nt SAR be 2781.80+15 ?

 

[niftyrider]

Seniors plz clarify
sar of nifty (short) and ril long?

 

[lvgandhi]

would'nt SAR be 2781.80+15 ?

In my opinion you are correct.

 

[Sec 5 (Pyr)]

Czar's broker has me spooked. I'm starting to think that we're popular enough to be baited by the big players in the market.

(Apologies if you don't get what I mean, can't phrase it any better)

 

[actuaryinmaking]

Last time we took a long trade, we lost out as well. Secondly, last time, when NF reversed, none of the stock futures that we track here had reversed. Almost the same case today - except for RIL which reversed before NF.

-- Milind

Sorry for off-the-topic add-in..apology but couldnt resist...

It seems FII is cleverly playing...that is taking market higher up shorting/covering and then real asset selling...looking at DOW and financial crisis panic being created around the world..I suspect the ultimate bottom or mother of all fall is not far (for DOW it is almost back where it was on 27th Oct)...as near as this week..?

 

[ARMHM]

Czar's broker has me spooked. I'm starting to think that we're popular enough to be baited by the big players in the market.

(Apologies if you don't get what I mean, can't phrase it any better)

That is a big compliment for Traderji members.

 

[Czar]

Czar's broker has me spooked. I'm starting to think that we're popular enough to be baited by the big players in the market.

(Apologies if you don't get what I mean, can't phrase it any better)

True Sec 5, but market is so big that maybe 1/2 spooks is what big players can afford....

& with Saint & other valuable members always tweaking the rules , its impossible to keep up for them...

Its like Catch me if you can

 

[Sec 5 (Pyr)]

Found the post on the ET forums that explains the "phenomenon" better. (Can't be bothered to edit it)

Often I can tell you how low a stock will trade on a given day by looking at the open book. How? Huge bids at various levels, all around the same size, perhaps 10 cents from each other... once the first one gets taken out, 95% of the time they ALL get taken out. The fewer offers you see, the better. The stock may shake you out, it may take out one offer, bring you beyond your risk tolerance, and then come back, but bids/offers sitting in the book usually always get done. The reason you see all those bids is because the buyers are aware that there's a seller and that they can get their buy orders filled since there will be sufficient supply. On that day a few weeks ago when BBW gave bad guidance and gapped down ~5 points and traded down another 3, this was the case... it was so incredibly obvious that the stock would go lower, because there were so many bids in the book.

This is why I like refreshers, they're not showing you their hand - if someone is showing you his hand, it's because he's the weak hand, not the strong hand. When you see a stock with strong bullish momentum, and you see some huge offer 30 cents away, realize it's almost a guarantee that stock WILL test that offer. If there's another similar offer even higher, then if the stock gets through the first offer, it will get to the second (unless it gets through the first offer HORRIBLY... with terrible speed, incredibly small prints, etc.). Buy up in front of that offer and be ready to buy more once the offer gets taken out, depending on how it goes. If you don't like the way the offer goes, then you can just get out right in front of it.

Take today's session for example. In terms of volume, our PH reversal was the "single" biggest order executed. And our PL reversal was the second biggest. And it's not just today either, a quick look through the charts and I see a significant volume spike whenever we reverse. We're no longer a secret society hidden in the depths of the internet, we're officially mainstream.

Our volumes are now large enough to be noticed, and since all of us enter our SLs beforehand, I'm guessing it's a pretty juicy piece of meat dangling in front of the lions(big players). So am I just being paranoid or is there a negative side effect to our expansion?

 

[Saint]

Found the post on the ET forums that explains the "phenomenon" better. (Can't be bothered to edit it)



Take today's session for example. In terms of volume, our PH reversal was the "single" biggest order executed. And our PL reversal was the second biggest. And it's not just today either, a quick look through the charts and I see a significant volume spike whenever we reverse. We're no longer a secret society hidden in the depths of the internet, we're officially mainstream.

Our volumes are now large enough to be noticed, and since all of us enter our SLs beforehand, I'm guessing it's a pretty juicy piece of meat dangling in front of the lions(big players). So am I just being paranoid or is there a negative side effect to our expansion?

Getting that same feel,Sec5.......not only on this thread but the Intraday as well.

Could be paranoid though.

Saint