Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
who says wall st guys aren't pushing bitcoin around right now?
because they have no interest in a shitty small market like this? if this can even be considered a market, it's just a matchmakers service really.
if there's money to be made, they'll be here. perhaps not large institutions but individual traders that have wall st experience, why wouldn't they?
professional wall street traders wouldn't touch this with a 10 foot barge pole.
there are much, much better opportunities out there for a professional trader.
Bitcoin is trading haven for a professional trader, nowhere else would he find so many inexperienced traders
+100
Кaк cтpoить cтeны (cтpaтeгия)
I'll just leave this here.
(You could make money if you feel cowboy enough)
Quote from: Goomboo on February 08, 2012, 06:13:30 AM
There are a few things that I have been reticent to talk about, simply because I didn't want the general public to know the stuff that "we" know. However, in the spirit of this thread - helping people to stop losing money - I have decided to share a little.
One of the main and widely-talked about issues is "the manipulator". After watching time and again as individuals have "the hammer" dropped on them, I figured I might as well shed a little light on what may be happening. There are several different strategies being used by a few individuals with "lots" of buying power, so I'll talk a little about the main strategy I see on a daily basis.
The manipulator is basically a large trader who is repetitively practicing a strategy we call "the hammer". It's a simple strategy of deception and can lead to a "crack" in prices. Prior to applying a systematic strategy to the BTC market, I used to trade with him and make a decent profit.
The Hammer (Long)
1. Big trader posts large volume on the ask side
2. Individuals see the ask and try and get in front of him by selling/shorting/lowering their offers
3. He is simultaneously buying at the bid from the small guys
4. As soon as selling volume dries up, he pulls his ask and enters long, causing a jump in prices
5. He sells to the people who buy behind him, scalping a profit
How to Play the Hammer (Long)
1. Watch the volume from the small traders that are trying to trade in front of him
2. When the volume dries up and he pulls his ask - enter long
3. If he doesn't follow soon with a large trade, exit your trade at a scratch or loss
There are several different variants of this strategy, but as a general rule of thumb - if you see a fake bid or ask, the markets are probably going that way soon.
This is more for informative purposes than actual trading advice. See how subjective this is? In my opinion, this type of trading isn't scalable and it doesn't possess long-term profitability, which is what this thread is about. My suggestion is that you take this information as a little "FYI" and stick to a systematic and tested strategy, ignoring the games that go on in the order-book entirely.
