Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33163. (Read 26465304 times)
May 31, 2013, 06:12:40 PM
Unless he is tested, he might wait until the hourly EMAs cross to eat the Goomboo's traders.
May 31, 2013, 06:10:34 PM
In order to just enter a giant wall like that you need to have over a million dollars in the account (one single account). If that isn't a testament to MtGox's liquidity, I don't know what is.
May 31, 2013, 06:09:40 PM
People aren't falling for it anymore, at least not enough. Doubt a 15k wall would work. Not enough interest for a real rally today.
May 31, 2013, 06:08:23 PM
it looks like 8k isn't enough, the hammer will not work 
we need more go 15k
we need more go 15kYou hear that great manipulator? We want a 15k wall! Do it!
Its Adam ... he wants a diamond encrusted wallet
May 31, 2013, 06:07:40 PM
it's actually rly not working, just a little on the usd but the others markets dont move at all. he must be a little bit disappointed..
http://lookatmyhappyrainbow.com/wp-content/uploads/2012/04/200488557-001-dc53a697-a8ed-45bf-a3c7-714612295520.jpg
http://lookatmyhappyrainbow.com/wp-content/uploads/2012/04/200488557-001-dc53a697-a8ed-45bf-a3c7-714612295520.jpg
May 31, 2013, 06:03:46 PM
it looks like 8k isn't enough, the hammer will not work we need more go 15k
we need more go 15kYou hear that great manipulator? We want a 15k wall! Do it!
May 31, 2013, 06:02:42 PM
it looks like 8k isn't enough, the hammer will not work we need more go 15k
we need more go 15k 
May 31, 2013, 06:01:33 PM
May 31, 2013, 05:56:39 PM
8k on usd
8k on eur
10k on gbp
lololololol
8k on eur
10k on gbp
lololololol
Coordinated attack! Wow.
May 31, 2013, 05:56:24 PM
I'll just leave this here.
(You could make money if you feel cowboy enough)
(You could make money if you feel cowboy enough)
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.
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.
May 31, 2013, 05:55:42 PM
Walzilla does like to play with the bulls and bears.. before eating them alive. 
May 31, 2013, 05:55:32 PM
8k on usd
8k on eur
10k on gbp
lololololol
8k on eur
10k on gbp
lololololol
May 31, 2013, 05:55:27 PM
Is it gone? Can't see it on Clark Moody any more
May 31, 2013, 05:55:08 PM
Bull trap?
i'm not gonne buy.. and i'm a bull..
yes price will go up for a bit..
it will hang there for some time.. and then some bear comes along..
if the 7k dude realy bought up his 7k. that would be another story.. this looks like trap indeed
May 31, 2013, 05:53:08 PM
bulls don't look super hot maybe one time was enough 
May 31, 2013, 05:52:10 PM
May 31, 2013, 05:51:23 PM
May 31, 2013, 05:49:43 PM
May 31, 2013, 05:48:13 PM
Bulls, what are you waiting for? It's a rally!
May 31, 2013, 05:48:03 PM
I hope it hangs out a while this time.
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