RE: Hay Dazzle22 Mar 2021 13:14
Benton 10:49
Interesting, always fascinated on the MM, S shenanigans on level two with a tree shaking. But if the book build is bigger with buys and sells and it does say something of sentiment I wanting to buy back in but what average price. The gap up this morning it’s making me a little nervous to be honest they don’t always close the oddone does stay open. The two big ones going back to the end of 2015/16 for 88E. I’m sure if we hit a couple of Wells they will hopefully get taken out and closed again but it’s a big proverbial if and/or when depending on Lady luck.
1.5p is another big psychological resistance/support just wondering if the market makers have factored in the book build this morning/afternoon, logic to me says they would’ve had some on a buffet ready. But if they don’t hold a lot they must tree shake right?.
One scenario could be USA opens and there is a ball at 1.1p cell maybe closing the gap and then people buying and again because of the bigger book build if they’re still there by the afternoon wanting to buy back in. That is one scenario of many and I’m no expert
As one trader pointed out the higher the sp the less % bang for yah buck when you first bought in, if you took profits on avg at 10 to 20% gain each day. As opposed to holding out knowing the mentum and the trend is your friend breaking the next resistances and holding a support which is a tough cookie to get right in timing and experience ( see Steve bison, YouTube videos on candlestick trading) highly recommended as he is the original guy who translated the 16th century Japanese original manuscripts/translations for the USA banks in the early 80s.
Too many silly posts today using up valuable oxygen on this BB I wish people be more efficient in their questioning if they done research in:
http://88ewiki.wikidot.com/ they can get back an efficient answer to help them be well-informed.
Dazzle
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