the londonkid report

Discussion in 'Journals' started by londonkid, Feb 17, 2016.

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  1. stepan7

    stepan7

    You are talking more like professional spread better, not a trader. It's understandable - it's tax free in UK :)
     
    #111     Feb 18, 2016
  2. Visaria

    Visaria

    dealers? u mean market makers? Are there MMs in the ES?
     
    #112     Feb 18, 2016
  3. londonkid

    londonkid

    If you are unsure about who the participants are in a market I recommend this book.

    Screenshot_2016-02-18-23-28-43.png
     
    #113     Feb 18, 2016
    Laissez Faire likes this.
  4. stepan7

    stepan7

    It's great book. I read it few years ago.

    But financial industry try to avoid term "dealer". Low prestige.
     
    #114     Feb 18, 2016
  5. romik

    romik

    Ramp up round the corner, another gap up tomorrow.
     
    #115     Feb 18, 2016
  6. Visaria

    Visaria

    Just read a draft copy of the book (on the web) u recommended. By dealers, you just mean traders. TBH, you cannot know what they are holding. I don't think it even matters.
     
    #116     Feb 19, 2016
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  7. londonkid

    londonkid

    the internet is good like that for trading books not that I have ever downloaded books from the internet. ;)

    For sure you can never know for certain what any group of traders are holding or how they are likely to react but I believe it is possible to have a very good idea as to what they likely hold. The way I trade is all about what I believe others to be holding. So for me it is all about how I believe the people that move price are positioned and what they will attempt to do in order to bank. As you know there are many ways to skin a cat, all that matters is if your method works for you and you make green. GL vis.
     
    #117     Feb 19, 2016
    Visaria likes this.
  8. Chris Mac

    Chris Mac

    Totally right.
    During my career, I saw many confident kamikazes, most are dead.
    But if you got a real edge, you are confident for good reasons.
    Btw, probabilities are low that we see SP @ 1955 for the coming days.
    We are in a BEAR market, not a bull market, and bear market rallies are usually weak.
    Classic dead cat bounce = new lows coming, not new highs.

    CM
     
    #118     Feb 19, 2016
  9. romik

    romik

    From what I can see the daily swing isn't over yet. Selling rallies is the way, question is this the time to go short? IMHO not yet.

    Also, officially this isn't a bear market yet, none of the US main indexes are down 20% from the highs. Until this happens, significant rallies are likely. #realitycheck
     
    Last edited: Feb 19, 2016
    #119     Feb 19, 2016
  10. Chris Mac

    Chris Mac

    Look at a classic bollinger graph of E50. (I got other graphs that tell the same story).
    Every time we go the median => down.
    History could repeat again this time if we don't go (fast) above 2900.
    IMO Game is over in Euro equities, and in the US too. Forget SP 1955.

    CM

    boll.gif
     
    #120     Feb 19, 2016
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