These are links I would like to look more into with regards to pegging: Market manipulations http://elitetrader.com/vb/showthread.php?s=&postid=1099771&highlight=pegging#post1099771 Pegging through BRUT http://elitetrader.com/vb/showthread.php?s=&postid=1090925&highlight=pegging#post1090925 Others in the market pegging http://elitetrader.com/vb/showthread.php?s=&threadid=70288&highlight=pegging "Flip button" http://elitetrader.com/vb/showthread.php?s=&postid=1055561&highlight=pegging#post1055561 Well hedged http://elitetrader.com/vb/showthread.php?s=&postid=1002360&highlight=pegging#post1002360 Not pegging on the chart http://elitetrader.com/vb/showthread.php?s=&postid=999257&highlight=pegging#post999257 Pegging a FTT? http://elitetrader.com/vb/showthread.php?s=&postid=949391&highlight=pegging#post949391 Pegging the next trend http://elitetrader.com/vb/showthread.php?s=&postid=578712&highlight=pegging#post578712 Outbid the MM's? http://elitetrader.com/vb/showthread.php?s=&postid=539034&highlight=pegging#post539034 Pegging legal? http://elitetrader.com/vb/showthread.php?s=&postid=108733&highlight=pegging#post108733 Pegging = annoying http://elitetrader.com/vb/showthread.php?s=&postid=99895&highlight=pegging#post99895 Sell plus http://elitetrader.com/vb/showthread.php?s=&postid=99542&highlight=pegging#post99542 Getting a fill first http://elitetrader.com/vb/showthread.php?s=&postid=82721&highlight=pegging#post82721 ECN that handles pegged orders http://elitetrader.com/vb/showthread.php?s=&postid=28052&highlight=pegging#post28052 SEC fines http://elitetrader.com/vb/showthread.php?s=&postid=15396&highlight=pegging#post15396 Pegging allowed http://elitetrader.com/vb/showthread.php?s=&postid=14025&highlight=pegging#post14025
HOKU looks like it bounced near the 1.27 retracement of 8.65. Current low of day is 8.66. Will it reach the 9.14 target or create a new low towards the 1.618 at 8.20 first? I was referring to fibonnaci levels on excel that I attached on this journal.
HOKU chart: How steep does the angle of attack be before traders view it as inexpensive? Instead of taking a poll here at ET, I'll send out a poll for the market to vote on. The response would most likely be either traders going long or short
Is it a coincidence or are traders using fibonacci levels? Looks like QQQQ pulled back from the 1.382 retracement of 49.12 from the low. I'm curious which level it will retrace to if I enter a new number using High of 49.12 and low of 48.49.
Expecting a market to always follow the Fib levels is expecting the market to turn at every stochastic cycle. The market is irrational(popular belief but not mine), the same setups can go both ways and the only way you can beat the market is to take as little of a loss as possible. Do you know what the the casinos have as an edge?
To Fibonacci experts reading this, Should I stick with the 5 minute opening range levels WITH the previous day's candle levels or should I re-adjust the levels by entering new intraday highs and lows? Here's QQQQ's 5 minute opening range that I have: