The Nifty Trading Lounge

[Taurus1]

An eye opener for those who buy/sell based on number of buyers/sellers
"Quote stuffing" a focus in flash crash probe
http://www.reuters.com/article/2010/09/02/us-sec-trades-idUSTRE6812ZS20100902

Investors could make trades under the false impression that those orders were legitimate, only to see liquidity disappear and the market move against them when the orders are canceled -- all in the blink of an eye.

 

[DanPickUp]

Continuation ............

From my own analysis, the VIX had a turn price/time of 19.22/21st which worked out sort of ok, there is an unfilled gap on Monday or Tuesday.

Off topic: It is just an add to the post from Taurus about the Euro.

The Euro chart showed a strong divergence on the 20.06.12 in the daily stochastic. This time it was like a snipper shot as it was at the same time a double top in the market at the high of 1.275

 

[sanjosedesi]

A tweezer bottom on the monthly ??

I would not know about the history of tweezers, but I just read it as a reversal pattern. A bigger reversal pattern was seen 6 months back and it came to naught. It all depends on whether MMS has the balls to tame madam and choose a techno FM. If yes, 6000. If no, slow death march to 4000 leading to mid term and 3000 panic before the mid term results.

 

[vikrit]

A tweezer bottom on the monthly ??

I would not know about the history of tweezers, but I just read it as a reversal pattern. A bigger reversal pattern was seen 6 months back and it came to naught. It all depends on whether MMS has the balls to tame madam and choose a techno FM. If yes, 6000. If no, slow death march to 4000 leading to mid term and 3000 panic before the mid term results.

yet month left (full 5 trading days) to see whether it is (will be) a tweezer bottom or not. although probability is high as per candle bottom but who knows

 

[Taurus1]

Dow 173 down

 

[DanPickUp]

Euro should now be ready for a short time (one day or may even two days) move up after all that decline.

 

[DanPickUp]

------------------------Deleted---------------------------------------

 

[DanPickUp]

Nobody to post here, so I post an off topic: Euro

Now it happens and it looks like we even fill a flag which would mean that market could move up further. For the moment I am short with a limit buy as I am not sure what happen when the USA market opens.

 

[jaepee]

can yu explain little detail...

 

[DanPickUp]

can yu explain little detail...

The pattern shown in the picture indicates a possible up move. It already happen as we are at the moment at 1.2700. I was not sure how the pit traded market is going to react on the night up move of the Euro. Went a bit short, a bit long and finally made 100% on the 1.2650 call. As weekend is in front, I preferred to sell this call option because of time decay. To profit from time decay I indicated at the same time I went long the 1.2650 call a calender call spread. Now I am out and I will see on Monday what is going on next. Hope to get a clearer picture on the bigger time frames. By the way: No option trading on commodities in India. Sad for you guys there.

Good trading

Here some more infos about the flag pattern which is a classical chart pattern: http://www.trending123.com/patterns/bull_flag.html