Studying the Reasons for Price Reversal around Liquidity Pools

NexusFi · 2013-08-28T06:25:16-04:00

The event allows traders to buy at a discounted price. They buy from the risk transfer of weak hands closing their long positions. The irony of course is that they initiate or add to the selling to create the unwinding, which they are then buying from. They manipulate the market in order to profit. It is not illegal, but it is the reality. They also are buying from new initiating shorts who are selling a break below prior support. This is a game that is played every day, and it is done because it works. …

Discussion in Traders Hideout

Updated August 28, 2013

Studying the Reasons for Price Reversal around Liquidity Pools

August 28th, 2013, 06:25 AM

#21 (permalink)

ab456

New Delhi, India

Elite Member

Experience: Intermediate

Platform: SierraChart NinjaTrader,

Trading: ES,Stocks, Futures

Posts: 170 since Sep 2011

Thanks Given: 734

Thanks Received: 111

IcyTrade

This Topic seems really interesting.
Is there anywhere that we can find more info on this?
Books? Sites?

Thanks

There are links given in the post number 10 -

Studying the Reasons for Price Reversal around Liquidity Pools

I am sorry Mike, and I agree with your statement. I just took the title as it is from the original post which was made by another trader "as I explained it in the first post." He labeled it originally as "Food for thought" in his blog …