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Yesterday we were bullish in the morning and then the shorts responded
Into the close we just came back into value....
So there was people going home last night with short …
Here is the trade and managment
Holing this into the close now as buyers are piling on
Just beautiful....that will do
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Hi
How can you tell if a profile is short covering ?
Can that also be market makers accumulation ?
Would they look the same ?
just wondering, as I try to understand more about market profiles.
thanks
I was just trying to think like Jim Dalton and work out what the big money is doing
Seems i just got lucky with that analysis, it seemed logical at the time
We do creat our own lucky though
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
For any one i confused as i seemd to confuse my self
Short Covering Rally - usually produces a P shape profile, a short liquidation rally takes place after an extended down move where some profitable Short Sellers, who entered positions higher, decide to take profits by closing all or part of their position. This is opposed to a genuine Bullish rally that is caused mostly by new Long Buyers entering the market and taking control. This type of price action is fractal so its occurrence in the day time frame may be coming to an end whilst it has only just begun on a the monthly timeframe.
Long Liquidation - usually produces a b shape profile, a long liquidation takes place after an extended up move where some Long Buyers, who entered a lower price, decide to take profits by closing all or part of their position. This is opposed to a genuine Bearish fall that is caused by new Short Sellers taking control of the market. This type of price action is fractal so its occurrence in the day time frame may be coming to an end whilst it has only just begun on the monthly timeframe
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"