11 06 10 Missed Big Sellers
Posted 06-13-2010 at 09:57 PM by gcabrera
Today I was not able to read the real intentions of the big players. It seemed they wanted to fill the gap but on the way up there were big orders selling 7:48 that later reversed that kept me out of taking a position.
A test of yesterday close had enough divergence to enter but no big players.
Then price headed against yesterday high and after breaching it with divergence a big order of 833 contracts selling appeared but I put my selling order just at the top and did not get filled. Then price broke that level without volume but I doubted entering again waiting for more big sellers.
Actually, that big order could have been enough to make me try it, but I let it go. Then there was a series of mixed buy and sell orders that did not showed any direction. They were playing with that yesterday high level.
I got bored and closed everything.
Next time
A test of yesterday close had enough divergence to enter but no big players.
Then price headed against yesterday high and after breaching it with divergence a big order of 833 contracts selling appeared but I put my selling order just at the top and did not get filled. Then price broke that level without volume but I doubted entering again waiting for more big sellers.
Actually, that big order could have been enough to make me try it, but I let it go. Then there was a series of mixed buy and sell orders that did not showed any direction. They were playing with that yesterday high level.
I got bored and closed everything.
Next time
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