Kudos to MMs

Discussion in 'Chit Chat' started by nitro, Oct 23, 2008.

  1. nitro


    CHF.JPY and EUR.JPY headfaked.

    "If some of his troops advance and some retreat, he is seeking to lure you forward..." - Sunzi

    I would wait until 2:00 PM CT.

    #31     Oct 24, 2008
  2. nitro


    Very strange EUR.JPY and CHF.JPY are both down hard, and yet our SIFs are completely ignoring it.

    This is worth watching...

    :confused: nitro :confused:
    #32     Oct 26, 2008
  3. With all the selling going on, there is someone buying. If that buyer is the market makers we are bound to see a recovery soon enough. If it's speculators, then there's no telling.

    After all, these market makers are the ones who control the bid/ask pricing with VERY sophisticated computers, and although they can't (or at least don't) stop certain moves in either direction, but the moment the pressure subsides by hook or by crook, the stocks get to where it's good for them.
    #33     Oct 26, 2008
  4. nitro


    Obvious resistance 120 EUR.JPY and 81.50 CHF.JPY.

    Those are the first targets that have to be taken out. Then we want the headfake area from Friday taken out.

    #34     Oct 26, 2008
  5. nitro


    #35     Oct 26, 2008
  6. nitro


    G7 warning of JPY [destabilizing] intervention. Markets blah about it. Don't believe market apathy. If it happens with enough force, short term it will send positive tremors through the markets.

    #36     Oct 27, 2008
  7. nitro


    890 SPX is a trendline break, and if we hold above it strongly, watch out. Love that CHF.JPY is breaking out. But don't love that EUR.JPY not confirming.

    Confirmation in general is above 910. Then we target the gap fill, 930ish to 950ish.

    The risks are the usual redemptions that happen at 1:00 to 3:00 CT.

    #37     Oct 27, 2008
  8. nitro


    Guess who showed up and spoiled the party?

    I am getting a little sick of this actually.

    :mad: nitro :mad:
    #38     Oct 27, 2008
  9. I was expecting it to go the other way. Sat here all day and in the last 10 minutes all heck breaks lose.

    I quickly added some YM shorts and I'm up a ton. Now I'm debating if I cover or let it go overnight. I'm afraid I'll cover and then wake up to the markets limit down.
    #39     Oct 27, 2008
  10. nitro


    We are at breakout levels in both EUR.JPY and CHF.JPY. Probably have VW to thanks.

    The target we want to break in SPX is 890, then verify above 900. The obvious target after those is the gap fill of 935ish to 950ish. Fair value is approximately 975.

    The risks, I don't have to tell you the risk.

    #40     Oct 28, 2008