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Because they didn't see a lot of enough liqiudity on the offer to cover their longs and see a trapped short who put a big buy order. Really big. And they have to cover with it. They push price lower to get out. They have no other exit with big amount of volume. If they push price higher they couldn't find a lot of liqiudity and couldn't unload their longs.
After they covered their position the big guys don't need to move price higher and the movement finishes.
Is it close to the right answer?
Bloom, which else futures do you trade?
I do trade Crude, Gold sometimes, Ym, Nq, Russian futures.
You have done a great jod and your way of thinking CORRECT. Keep this way and you will see the market beauty.
It is like a crystall. Everything STRAIT on its places and everything necessary
We have a winner here who resolve the riddle and on the way to f**k it all.
Cheers @canunit. You may ask him a questions if he will be generous to explain you the things.
I bet he will be good at this.
I see a great OF community start to show itself. And now i am ready to make a new step.
THis is a PSYCHOLOGY.
Not in the common traditional DUMB way dudes. Because i have been through with those classical psycho books.
Those books useless as guys who made them are psychologist as i am streep dancing queen.
And this psychology thing my second Keen as the OF. You are welcome to unleash your saint way of
emotion mind control. Stay tuned
How do you decide whether to enter on break out or not? I look on the reconstructed big prints. If the volume of the buying (on the high of the day) is bigger and the price goes I'll enter. Also I watch how the trade volume is changing in jigsaw depth and sales. In my view it's disbalance between buyings and sellings.
Yesterday on the high of the day after the price broke out the privious day close and couldn't get up far from it I found a lot of selling near 3000 contracts in 2 minutes and a few prints of buing than the price started falling down. When I found such situation I trade with all contracts to get the most from it. But it happens not much of the time.
Thanx a lot. But I don't understand the market as you. I just found the answer on your question. Some of the things I understand but It doesn't make me profit so far. I lose a lot.
Just breathing won't help to stay calm and not to burn out? If a person wait only in the points where would be break out or not he would need any psychology science for this?
IMHO, the more of the riddles you ask the more we move forward to more stable and profitable trading.
Breathing control itself is an OPERATION. If you want to SOLVE the reason you become unstable emotionaly, you need to think more wide.
Also represenations and imagination only tools to deal with a sympthoms.
How do you percieve market most often? Do you blame on it or rage on it?
Or you try to punish it? Or you try to show who is daddy?
Most common issue
Not the classical analysis but yes. As a trader you have issues. For ex you cant understand something.
You need to understand how breakout occures. And you do not understand it.
Why do you need understand this? So you cab have control. But you cant control market.
So you need to control yourself. But you can control yourself no matter do you know how brrakout occures or not.
And you afraid of yourself that you can do some sort of stupid things.
Why do you afraid to be wrong?
Or to lose money?
Because you need to be perfect because you are afraid of shame.
Because in childhood this was your strategy to survive.
You want do anything till you do this perfect. And this is how you ptotest on doing what you do not want to do.
Once you understand no one perfect and you do not need to be perfect.
You understand there is nothing to protest.
So you can do anything you want without a fear to be ashamed.
Enter brrakout and win or lose. No one will blame you.
Once no one to blame no need inba perfect breakout and any breakout is good.
No fear anymore to enter any breakout cause you cant predict unlredictable.
All you can predict is your actions according to the situation. If you lose no blame just cover.
If you win ok. No on to hale you. There is no pressure and no need to control bre,athe while you trade a breakout.
And you realise no one knoes for sure anything. And if i am entered breakout and i see it goes than this i is not my achivement. It just hapened.
If it goes against this is not my fault. I am covering. I do not know anything. I am REACTING ACCORDING CURRENT MOMENT.
If I trade without any thinking just doing? I don't need to be right or f..k the market or so on. I just enter, wait and cover. I watch the situation after the start of the breakout. Sometimes I don't take part in it because of the movement, when it's very bad, a few of big orders in the tape. What it has with my psychology?
Would you, pls, ask us more of your riddles to move forward in understanding the market?
But I don't understand the market as you. I just found the answer on your question. Some of the things I understand but It doesn't make me profit so far. I lose a lot.