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741  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 10:21:30 PM
I get the distinct impression that this is a meta-wall, meaning it appears as from somebody pushing the market in the opposite direction of the sediment in the wall observer thread.

They are observing back!

So they know we would interpret this as bearish, while in fact they are bullish?

But what if they also though we would think about that?  Cheesy
742  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 10:20:07 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.


Definitely a bear signal....  If he can't raise the price enough to unload his BTC in a controlled fashion, then he'll be dumping his holdings at market!

You're saying he is holding over a million dollars in fiat, and uses that to prop up the price to unload his BTC? In order to do that he would have to have a couple million dollars on the exchange (for fiat + BTC). I somehow doubt that is the case. And seeing the same is happening on EU and GBP market I believe this can't be just one single person doing this, it has to be coordinated.

Some here have huge stack of BTCs. HUGE stacks. As in "loaded the truck when they were 10 cents a piece" huge.
Having multiple millions of dollars really isn't that far-fetched.
743  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 10:15:54 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.


Definitely a bear signal....  If he can't raise the price enough to unload his BTC in a controlled fashion, then he'll be dumping his holdings at market!

Indeed. If a 8k wall can't push the price up...  Lips sealed
744  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 10:15:09 PM
Unless he is tested, he might wait until the hourly EMAs cross to eat the Goomboo's traders.

What's a Goomboo trader?

Those following this rule:
https://bitcointalk.org/index.php?topic=60501.0
745  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 10:12:40 PM
Unless he is tested, he might wait until the hourly EMAs cross to eat the Goomboo's traders.
746  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 10:03:46 PM
it looks like 8k isn't enough, the hammer will not work  Embarrassed we need more go 15k

You hear that great manipulator? We want a 15k wall! Do it!
747  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:56:39 PM
8k on usd
8k on eur
10k on gbp

lololololol

Coordinated attack! Wow.
748  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:56:24 PM
I'll just leave this here.

(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.
749  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:48:13 PM
Bulls, what are you waiting for? It's a rally!  Grin

750  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:41:37 PM
We are now in for a reverse of last week 7k manipulation?  Cheesy
751  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:40:41 PM
A single 7900 BTC order. Seems legit.  Wink
752  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:40:04 PM
Lol what?
753  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:27:36 PM
Surprise 2k wall at $126.5!

Bulls are back?!
754  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:17:23 PM
Oh! $125 wall is back!

We missed you.
755  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:16:11 PM
Some are able to connect and sell as I can see.  Cheesy
756  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:13:12 PM
Maybe their 28kbps dial up modem broke

Yeah, their mother took the phone and it crashed the connection.
"No mom! NOOOOOO!"

(Red Alert memories...)
757  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 09:09:39 PM
mtgox website down?

Down for me.
758  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 08:32:41 PM
Well that was an interesting market closing.

My interpretation: "Run for cover!!!!"

759  Economy / Speculation / Re: Automated posting on: May 31, 2013, 08:12:09 PM
image
is it possible to post this image only once per day because of slow payable internet connectin?

Ignore ChartBuddy...
760  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 31, 2013, 07:50:11 PM
In other news, the market is red everywhere.

http://ca.finance.yahoo.com/

market down, bitcoin down -> Bitcoin=commodity
market up, bitcoin down -> Bitcoin=currency
etc.
etc. Cheesy

I genuinely wonder if Bitcoin will be associable with a market soon.
IE: Oh, commodities down, Bitcoin should follow.

Perhaps the market cap is still too small...
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