BoomTime & all
A long MM post- day trade post - My opinion only !
YES, The mms started talking like crazy at 2:50 PM. You'll notice we were near the top of the day. .239. If you check normal trading stopped and under 1K signals were 50% of the trades after. With bid/ask changes between each series of under 1 k trades.
If it closed there, .239, the chart would have it's 3rd top at 24. Forming a straight top line, for a ascending triangle. Didn't happen, because of EOD walk down by MMs from 2:50 to 4:01. But because it was an MM play, I'm counting the top shadow as the EOD for chart. So there!! I see a 3 cent run Monday or Tuesday!
This is a new MM pattern, they change frequently. Look for a pattern. So far, all I noticed was the odd numbers were at the bid and even at the ask. Now think of each trade as 1 MM. Add the number at the ask, over a period of time and the number at the bid. Then look to see which way the bid/ask went. Do this over and over for each bid/ask change and you may see the pattern. More odds (bid) signals than evens (ask) signals, mean take it down or vise versa.
If you find a pattern, you've decoded their signals and can read what their talking about for a week or two, until they use new signals.
I know matching trades together at bid then ask means hold. odd number trades at the ask means up, at the bid means down, under 1 k, use to mean large block trade up or down depending on at the bid ask. The size was determined by the size of the under 1 k trade. 100 small block 900 larger.
Remember 1 signal is only 1 MM of over 20 talking. It usually takes several of the same, to show a consensus. Before a direction change in the bid or ask. Unless one MM has such a large block order they just have to get. Then they will jump in with their own inventory to cause a change by their self, and settle inventory out at the EOD. Normally the MMs use backed up trade orders on their desks, before they enter them into the electronic trading system, to move PPs. Hold orders a few minutes; see buying/selling pressure or block order; give signal; consensus yes/no; release orders on desk.
But this unanswered new pattern seems more complex.
PS: One more old signal is the EOD series trades.
See the 4 or 5 - 11000 trades @ bid, the last minutes today?
Tomorrow's rush hour may run down. Yesterday they ended with 4400 at the ask and the AM rush hour today was up.
Conspiracy theory, you bet.
Just got done daytrading a different stock and the MMs used holds allot, with the block trades at the bid/ask after, trick. I used my plan "B", to average down and sold for a larger profit at EOD, because I knew what was going to happen with MM plays. Wanted to own 100k when I sold. Bought 50k when rush hour was over, but it continued down 10:30 to 11. So I watched them talk, got 25k more lower after bid hold, before lunch. Then added 25k during flat time, after up signals. EOD run got 20%, instead of 10%, if I bought 100k at once. When you know your trading a manupulated stock, on a strong 2nd - 3rd day up trend, don't buy lumps day trading. IMO
MMA(market maker analysis)101.... LOL
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