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newbie1688
    27-Sep-2013 23:20  
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thanks bro bullet for the effort n bro stockcham for bothering to share your knowledge so that newbie like me can continue to learn, really appreciate your insights, wish all good things in life come your way, cheers!
 
 
Gold916
    27-Sep-2013 23:02  
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Thks bro for this details write up

Stockcham      ( Date: 27-Sep-2013 21:03) Posted:



Thanks bro Bulletproofheart. You save me a lot of time. I will a bit more to make it clearer.

To add on what I discussed previously.

 



 

Put aside the real queue. We shall discussed the fake queue. Basically BBs place the big sell queue volume there for a few reasons. But before that, you must understand that BBs works in a group of a few peoples. They buy and sell their own lots.

 



 

1)          When retailers see big sell queue, buyers? natural reaction is scared to buy and sellers? reaction is ?Queue behind hard to get it? so sell straight at buy price. So sellers throw at buy price and BBs collect.

 

2)          Before a counter chiong, BBs usually have already accumulate enough lots. So when they pushed up the price, they cannot keep buying from retailers from each pip as they push up. So the only way is to place big queue there so less retailers will queue behind. As they push up each pip, they buy minimum lots from retailers.

 

3)          BBs buy their own lots to create volume. Counters with big volume tends to attract retailers.

 

4)          To create a chiong scenario. E.g. sell queue have 3000 lots. Then BBs eat up 2000 lots at one go. When retailers see that, they will rush in to buy.

 

5)          To distribute their holdings. How?. E.g. They put 5000 lots at sell queue. Eat up 1000 lots and then continue to eat smaller lots in a fast speed. Retailers see that will chiong in to buy. Once sell queue nearly finish, they top up some more lots at sell queue. Sometimes BBs will put super big sell queue. Let?s say the usual trading volume is 1000 lots. Big sell queue is 4000 lots. Super big sell queue may be 10000 lots. By placing super big sell queue, they can clear more lots. Recently we saw WE with super big sell queue of more than 50000 lots. Pls note that the chance to clear super big sell queue is very low.

 



 

Pls note that if there is big sell queue up many pips at MD, it doesn?t necessary mean it will run. Everyday you will see big sell queue at quite a number of pips at many counters but it don?t run. It just shows some signal that BBs still inside and there is a possibility of a run. No big sell queue usually means no run. Some times you see big sell queue of e.g. about 2000 lots at many pips up. Everyday you see the same thing but no run. Then you must take note whether the big sell queue have increase to maybe 4000 lots boh. If have increase, this is good. If decrease, then no good. Also have to take note whether the big sell queue have move down or move further up. Move down is good. Move up is no good. E.g. Today the price is 180-181 and the big sell queue at MD starts at 182, 183, 184 and so on. Then tomorrow the big sell queue starts at 181, 182, 183. This is good. If tomorrow the big sell queue starts from 184, 185, 186, then this is no good. It is important to take note that if a counter runs up and then comes down again, you will see big sell queue all the way up at MD. These big queue cannot be taken into account after the price drop down.

 



 

So now you know why I?m happy to see big sell queue. I will be worried if I continue to see big buy queue because BBs likely will withdraw their buy queue and the price will drop. But is will come to a point where the big buy queue is real.

 



 

Some peoples asked why BBs buy high sell low?. The reason they said that because big volume were traded at higher price where big lots were done. BBs won?t buy high sell low eh. They pushed up many pips up in a faster pace. Then they start to distribute their holding by buying and selling their own lots at the higher price. Of course the volume is high at higher price lah. That?s why you see when a counter moves up, it moves up fast and then come to a point where it ding dong there for a longer time.

 



 

There is one type of big sell queue trading which you all have to avoid. That is BBs place big sell queue. Then they start to eat up the sell queue lots without the buy queue building up. E.g. Buy queue 500 lots and Sell queue 3000 lots. Then BBs start to eat 1000 lots at sell queue, then eat another 1000 lots at sell queue. Sometimes BBs will eat up their own 3000 lots. Then on th next higher price, they do the same until retailers comes in. This happen recently to PS Group if anyone saw the trading that day. It happened on Matex, Sunlight and St James previously. Jiutian C BBs also like to play this pattern. When BBs trade this way, they usually will only push up a few pips(maybe 1-3 pips I didn?t really count). Then it will start to drop and can drop a lot at times. If you see this, you can take this opportunity to short it. High chance make very good money.

 



 

In trading, it is important to know how to see whether a counter have buying power. Let?s say you see peoples continue to throw at buy price. When it is nearly finish or finish, the buyers will comes in again and this continue. Most important is that you see that the sell queue is big. This is accumulation. Remember that day I said accumulation is taking place at Mirach at the price of 465?.   It ran up to 50 the next day. For this case, BBs is more pro. They put big queue at 47 and a few hundreds lots at 465. Then they keep throwing at 465. 465 finish put some more and they continue to throw. This continue for quite a while. When retailers see this, they also follow to throw because they think so many sellers ah. BBs collect.

 



 

Not only that you need to know power buying, you will also need to know how to see whether BBs buying or retailers buying. I mean real buying and not buying own lots. This one is hard to explain and also not easy to see especially if the buy/sell queue volume is always big. I can only use CCM as an example. E.g. Now the sell queue is   50 lots at 195. then someone queue sell 100 lots at 195 so total 150 lots. Then another one queue 100 lots at 195 which make it 250 lots. After a while, someone bought 300 lots at 195. High chance this is BBs   buying because when the buy/sell queue is so low about 100 lots each queue, not many retailers will buy 300 lots at one go.

 



 

Anyway, you will have to know the characteristic of a counter and its daily normal traded volume. Once you know this, you will see the abnormality in the volume which mean there may be some action soon.

 



 

I think I have write enough. Tired liao. Need to go home now. Hope you all understand what I say.

 



 

Big huat to all of you on Monday. Have a nice weekend.

 



 

Huat ah!

 



 
 
winzky
    27-Sep-2013 22:41  
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Bro SC, really thank you for your patient to explain in details. Really appreciated... it does benefits to all bro & sis. Good job.. have a great weekend .. cheers
 

 
JarolLo
    27-Sep-2013 22:23  
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Thank you our big brother for your selfless sharing of your previous experience. Really very insight. Thank you very much. I'm keeping all these as my lecture notes and keep referring from time to time, make sure is deep into mind.

Once again, thank you very much.
Sorry don't know my simple questionable you and Bro Bulletproofheart so busy. Really appreciate both of you for your hard work.

Enjoy your weekend.

Stockcham      ( Date: 27-Sep-2013 21:03) Posted:



Thanks bro Bulletproofheart. You save me a lot of time. I will a bit more to make it clearer.

To add on what I discussed previously.

 



 

Put aside the real queue. We shall discussed the fake queue. Basically BBs place the big sell queue volume there for a few reasons. But before that, you must understand that BBs works in a group of a few peoples. They buy and sell their own lots.

 



 

1)          When retailers see big sell queue, buyers? natural reaction is scared to buy and sellers? reaction is ?Queue behind hard to get it? so sell straight at buy price. So sellers throw at buy price and BBs collect.

 

2)          Before a counter chiong, BBs usually have already accumulate enough lots. So when they pushed up the price, they cannot keep buying from retailers from each pip as they push up. So the only way is to place big queue there so less retailers will queue behind. As they push up each pip, they buy minimum lots from retailers.

 

3)          BBs buy their own lots to create volume. Counters with big volume tends to attract retailers.

 

4)          To create a chiong scenario. E.g. sell queue have 3000 lots. Then BBs eat up 2000 lots at one go. When retailers see that, they will rush in to buy.

 

5)          To distribute their holdings. How?. E.g. They put 5000 lots at sell queue. Eat up 1000 lots and then continue to eat smaller lots in a fast speed. Retailers see that will chiong in to buy. Once sell queue nearly finish, they top up some more lots at sell queue. Sometimes BBs will put super big sell queue. Let?s say the usual trading volume is 1000 lots. Big sell queue is 4000 lots. Super big sell queue may be 10000 lots. By placing super big sell queue, they can clear more lots. Recently we saw WE with super big sell queue of more than 50000 lots. Pls note that the chance to clear super big sell queue is very low.

 



 

Pls note that if there is big sell queue up many pips at MD, it doesn?t necessary mean it will run. Everyday you will see big sell queue at quite a number of pips at many counters but it don?t run. It just shows some signal that BBs still inside and there is a possibility of a run. No big sell queue usually means no run. Some times you see big sell queue of e.g. about 2000 lots at many pips up. Everyday you see the same thing but no run. Then you must take note whether the big sell queue have increase to maybe 4000 lots boh. If have increase, this is good. If decrease, then no good. Also have to take note whether the big sell queue have move down or move further up. Move down is good. Move up is no good. E.g. Today the price is 180-181 and the big sell queue at MD starts at 182, 183, 184 and so on. Then tomorrow the big sell queue starts at 181, 182, 183. This is good. If tomorrow the big sell queue starts from 184, 185, 186, then this is no good. It is important to take note that if a counter runs up and then comes down again, you will see big sell queue all the way up at MD. These big queue cannot be taken into account after the price drop down.

 



 

So now you know why I?m happy to see big sell queue. I will be worried if I continue to see big buy queue because BBs likely will withdraw their buy queue and the price will drop. But is will come to a point where the big buy queue is real.

 



 

Some peoples asked why BBs buy high sell low?. The reason they said that because big volume were traded at higher price where big lots were done. BBs won?t buy high sell low eh. They pushed up many pips up in a faster pace. Then they start to distribute their holding by buying and selling their own lots at the higher price. Of course the volume is high at higher price lah. That?s why you see when a counter moves up, it moves up fast and then come to a point where it ding dong there for a longer time.

 



 

There is one type of big sell queue trading which you all have to avoid. That is BBs place big sell queue. Then they start to eat up the sell queue lots without the buy queue building up. E.g. Buy queue 500 lots and Sell queue 3000 lots. Then BBs start to eat 1000 lots at sell queue, then eat another 1000 lots at sell queue. Sometimes BBs will eat up their own 3000 lots. Then on th next higher price, they do the same until retailers comes in. This happen recently to PS Group if anyone saw the trading that day. It happened on Matex, Sunlight and St James previously. Jiutian C BBs also like to play this pattern. When BBs trade this way, they usually will only push up a few pips(maybe 1-3 pips I didn?t really count). Then it will start to drop and can drop a lot at times. If you see this, you can take this opportunity to short it. High chance make very good money.

 



 

In trading, it is important to know how to see whether a counter have buying power. Let?s say you see peoples continue to throw at buy price. When it is nearly finish or finish, the buyers will comes in again and this continue. Most important is that you see that the sell queue is big. This is accumulation. Remember that day I said accumulation is taking place at Mirach at the price of 465?.   It ran up to 50 the next day. For this case, BBs is more pro. They put big queue at 47 and a few hundreds lots at 465. Then they keep throwing at 465. 465 finish put some more and they continue to throw. This continue for quite a while. When retailers see this, they also follow to throw because they think so many sellers ah. BBs collect.

 



 

Not only that you need to know power buying, you will also need to know how to see whether BBs buying or retailers buying. I mean real buying and not buying own lots. This one is hard to explain and also not easy to see especially if the buy/sell queue volume is always big. I can only use CCM as an example. E.g. Now the sell queue is   50 lots at 195. then someone queue sell 100 lots at 195 so total 150 lots. Then another one queue 100 lots at 195 which make it 250 lots. After a while, someone bought 300 lots at 195. High chance this is BBs   buying because when the buy/sell queue is so low about 100 lots each queue, not many retailers will buy 300 lots at one go.

 



 

Anyway, you will have to know the characteristic of a counter and its daily normal traded volume. Once you know this, you will see the abnormality in the volume which mean there may be some action soon.

 



 

I think I have write enough. Tired liao. Need to go home now. Hope you all understand what I say.

 



 

Big huat to all of you on Monday. Have a nice weekend.

 



 

Huat ah!

 



 
 
wendel
    27-Sep-2013 22:12  
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Bro/sis...u shld get ur blumont rights doc from today.
 
 
vinzyneo
    27-Sep-2013 22:11  
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Thank you bro sc for your detailed explanation. 

I think we need quite a while of watching all these big sell or buy queue before we can spot it like how you explained!

  Have a good weekend and rest well. 
 

 
meohmy
    27-Sep-2013 22:06  
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Thanks bro SC for your care and share! Need time to digest all these nuggets of info and wisdom!
Cheers to all here and have a great weekend with your family!
 
 
dragon7
    27-Sep-2013 22:01  
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Indeed a profound insight. Thank you so much bro SC n bro Bullet. This is something i cannot understand why big queue but price still up n vice versa. Still a lot to learn. Many thanks n salute.

stockbabe      ( Date: 27-Sep-2013 21:24) Posted:

Thank you bro sc, I read 3 times and understand leow. I am sure many have filed this page, bro Bulletprooffheart for sure and me :)

Wish everyone a good weekend, spend time with family ok!

Huat ah!

Stockcham      ( Date: 27-Sep-2013 21:03) Posted:



Thanks bro Bulletproofheart. You save me a lot of time. I will a bit more to make it clearer.

To add on what I discussed previously.

 



 

Put aside the real queue. We shall discussed the fake queue. Basically BBs place the big sell queue volume there for a few reasons. But before that, you must understand that BBs works in a group of a few peoples. They buy and sell their own lots.

 



 

1)          When retailers see big sell queue, buyers? natural reaction is scared to buy and sellers? reaction is ?Queue behind hard to get it? so sell straight at buy price. So sellers throw at buy price and BBs collect.

 

2)          Before a counter chiong, BBs usually have already accumulate enough lots. So when they pushed up the price, they cannot keep buying from retailers from each pip as they push up. So the only way is to place big queue there so less retailers will queue behind. As they push up each pip, they buy minimum lots from retailers.

 

3)          BBs buy their own lots to create volume. Counters with big volume tends to attract retailers.

 

4)          To create a chiong scenario. E.g. sell queue have 3000 lots. Then BBs eat up 2000 lots at one go. When retailers see that, they will rush in to buy.

 

5)          To distribute their holdings. How?. E.g. They put 5000 lots at sell queue. Eat up 1000 lots and then continue to eat smaller lots in a fast speed. Retailers see that will chiong in to buy. Once sell queue nearly finish, they top up some more lots at sell queue. Sometimes BBs will put super big sell queue. Let?s say the usual trading volume is 1000 lots. Big sell queue is 4000 lots. Super big sell queue may be 10000 lots. By placing super big sell queue, they can clear more lots. Recently we saw WE with super big sell queue of more than 50000 lots. Pls note that the chance to clear super big sell queue is very low.

 



 

Pls note that if there is big sell queue up many pips at MD, it doesn?t necessary mean it will run. Everyday you will see big sell queue at quite a number of pips at many counters but it don?t run. It just shows some signal that BBs still inside and there is a possibility of a run. No big sell queue usually means no run. Some times you see big sell queue of e.g. about 2000 lots at many pips up. Everyday you see the same thing but no run. Then you must take note whether the big sell queue have increase to maybe 4000 lots boh. If have increase, this is good. If decrease, then no good. Also have to take note whether the big sell queue have move down or move further up. Move down is good. Move up is no good. E.g. Today the price is 180-181 and the big sell queue at MD starts at 182, 183, 184 and so on. Then tomorrow the big sell queue starts at 181, 182, 183. This is good. If tomorrow the big sell queue starts from 184, 185, 186, then this is no good. It is important to take note that if a counter runs up and then comes down again, you will see big sell queue all the way up at MD. These big queue cannot be taken into account after the price drop down.

 



 

So now you know why I?m happy to see big sell queue. I will be worried if I continue to see big buy queue because BBs likely will withdraw their buy queue and the price will drop. But is will come to a point where the big buy queue is real.

 



 

Some peoples asked why BBs buy high sell low?. The reason they said that because big volume were traded at higher price where big lots were done. BBs won?t buy high sell low eh. They pushed up many pips up in a faster pace. Then they start to distribute their holding by buying and selling their own lots at the higher price. Of course the volume is high at higher price lah. That?s why you see when a counter moves up, it moves up fast and then come to a point where it ding dong there for a longer time.

 



 

There is one type of big sell queue trading which you all have to avoid. That is BBs place big sell queue. Then they start to eat up the sell queue lots without the buy queue building up. E.g. Buy queue 500 lots and Sell queue 3000 lots. Then BBs start to eat 1000 lots at sell queue, then eat another 1000 lots at sell queue. Sometimes BBs will eat up their own 3000 lots. Then on th next higher price, they do the same until retailers comes in. This happen recently to PS Group if anyone saw the trading that day. It happened on Matex, Sunlight and St James previously. Jiutian C BBs also like to play this pattern. When BBs trade this way, they usually will only push up a few pips(maybe 1-3 pips I didn?t really count). Then it will start to drop and can drop a lot at times. If you see this, you can take this opportunity to short it. High chance make very good money.

 



 

In trading, it is important to know how to see whether a counter have buying power. Let?s say you see peoples continue to throw at buy price. When it is nearly finish or finish, the buyers will comes in again and this continue. Most important is that you see that the sell queue is big. This is accumulation. Remember that day I said accumulation is taking place at Mirach at the price of 465?.   It ran up to 50 the next day. For this case, BBs is more pro. They put big queue at 47 and a few hundreds lots at 465. Then they keep throwing at 465. 465 finish put some more and they continue to throw. This continue for quite a while. When retailers see this, they also follow to throw because they think so many sellers ah. BBs collect.

 



 

Not only that you need to know power buying, you will also need to know how to see whether BBs buying or retailers buying. I mean real buying and not buying own lots. This one is hard to explain and also not easy to see especially if the buy/sell queue volume is always big. I can only use CCM as an example. E.g. Now the sell queue is   50 lots at 195. then someone queue sell 100 lots at 195 so total 150 lots. Then another one queue 100 lots at 195 which make it 250 lots. After a while, someone bought 300 lots at 195. High chance this is BBs   buying because when the buy/sell queue is so low about 100 lots each queue, not many retailers will buy 300 lots at one go.

 



 

Anyway, you will have to know the characteristic of a counter and its daily normal traded volume. Once you know this, you will see the abnormality in the volume which mean there may be some action soon.

 



 

I think I have write enough. Tired liao. Need to go home now. Hope you all understand what I say.

 



 

Big huat to all of you on Monday. Have a nice weekend.

 



 

Huat ah!

 




 
 
030913
    27-Sep-2013 21:51  
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We are really consider lucky to have bro sc here to share his knowledge generously and many supporting bro & sis here. Unlike some of the other discussion in sj which hv black heart people to mislead people. Anyway hope all bro n sis selfless act here will bring all good fortune. Huat ah..
 
 
hellogoodbye
    27-Sep-2013 21:39  
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Thanks Bro Stockcham! Never a day will i not learn something new from you. Kudos. Take the weekend to have a good rest! 
 

 
stockbabe
    27-Sep-2013 21:24  
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Thank you bro sc, I read 3 times and understand leow. I am sure many have filed this page, bro Bulletprooffheart for sure and me :)

Wish everyone a good weekend, spend time with family ok!

Huat ah!

Stockcham      ( Date: 27-Sep-2013 21:03) Posted:



Thanks bro Bulletproofheart. You save me a lot of time. I will a bit more to make it clearer.

To add on what I discussed previously.

 



 

Put aside the real queue. We shall discussed the fake queue. Basically BBs place the big sell queue volume there for a few reasons. But before that, you must understand that BBs works in a group of a few peoples. They buy and sell their own lots.

 



 

1)          When retailers see big sell queue, buyers? natural reaction is scared to buy and sellers? reaction is ?Queue behind hard to get it? so sell straight at buy price. So sellers throw at buy price and BBs collect.

 

2)          Before a counter chiong, BBs usually have already accumulate enough lots. So when they pushed up the price, they cannot keep buying from retailers from each pip as they push up. So the only way is to place big queue there so less retailers will queue behind. As they push up each pip, they buy minimum lots from retailers.

 

3)          BBs buy their own lots to create volume. Counters with big volume tends to attract retailers.

 

4)          To create a chiong scenario. E.g. sell queue have 3000 lots. Then BBs eat up 2000 lots at one go. When retailers see that, they will rush in to buy.

 

5)          To distribute their holdings. How?. E.g. They put 5000 lots at sell queue. Eat up 1000 lots and then continue to eat smaller lots in a fast speed. Retailers see that will chiong in to buy. Once sell queue nearly finish, they top up some more lots at sell queue. Sometimes BBs will put super big sell queue. Let?s say the usual trading volume is 1000 lots. Big sell queue is 4000 lots. Super big sell queue may be 10000 lots. By placing super big sell queue, they can clear more lots. Recently we saw WE with super big sell queue of more than 50000 lots. Pls note that the chance to clear super big sell queue is very low.

 



 

Pls note that if there is big sell queue up many pips at MD, it doesn?t necessary mean it will run. Everyday you will see big sell queue at quite a number of pips at many counters but it don?t run. It just shows some signal that BBs still inside and there is a possibility of a run. No big sell queue usually means no run. Some times you see big sell queue of e.g. about 2000 lots at many pips up. Everyday you see the same thing but no run. Then you must take note whether the big sell queue have increase to maybe 4000 lots boh. If have increase, this is good. If decrease, then no good. Also have to take note whether the big sell queue have move down or move further up. Move down is good. Move up is no good. E.g. Today the price is 180-181 and the big sell queue at MD starts at 182, 183, 184 and so on. Then tomorrow the big sell queue starts at 181, 182, 183. This is good. If tomorrow the big sell queue starts from 184, 185, 186, then this is no good. It is important to take note that if a counter runs up and then comes down again, you will see big sell queue all the way up at MD. These big queue cannot be taken into account after the price drop down.

 



 

So now you know why I?m happy to see big sell queue. I will be worried if I continue to see big buy queue because BBs likely will withdraw their buy queue and the price will drop. But is will come to a point where the big buy queue is real.

 



 

Some peoples asked why BBs buy high sell low?. The reason they said that because big volume were traded at higher price where big lots were done. BBs won?t buy high sell low eh. They pushed up many pips up in a faster pace. Then they start to distribute their holding by buying and selling their own lots at the higher price. Of course the volume is high at higher price lah. That?s why you see when a counter moves up, it moves up fast and then come to a point where it ding dong there for a longer time.

 



 

There is one type of big sell queue trading which you all have to avoid. That is BBs place big sell queue. Then they start to eat up the sell queue lots without the buy queue building up. E.g. Buy queue 500 lots and Sell queue 3000 lots. Then BBs start to eat 1000 lots at sell queue, then eat another 1000 lots at sell queue. Sometimes BBs will eat up their own 3000 lots. Then on th next higher price, they do the same until retailers comes in. This happen recently to PS Group if anyone saw the trading that day. It happened on Matex, Sunlight and St James previously. Jiutian C BBs also like to play this pattern. When BBs trade this way, they usually will only push up a few pips(maybe 1-3 pips I didn?t really count). Then it will start to drop and can drop a lot at times. If you see this, you can take this opportunity to short it. High chance make very good money.

 



 

In trading, it is important to know how to see whether a counter have buying power. Let?s say you see peoples continue to throw at buy price. When it is nearly finish or finish, the buyers will comes in again and this continue. Most important is that you see that the sell queue is big. This is accumulation. Remember that day I said accumulation is taking place at Mirach at the price of 465?.   It ran up to 50 the next day. For this case, BBs is more pro. They put big queue at 47 and a few hundreds lots at 465. Then they keep throwing at 465. 465 finish put some more and they continue to throw. This continue for quite a while. When retailers see this, they also follow to throw because they think so many sellers ah. BBs collect.

 



 

Not only that you need to know power buying, you will also need to know how to see whether BBs buying or retailers buying. I mean real buying and not buying own lots. This one is hard to explain and also not easy to see especially if the buy/sell queue volume is always big. I can only use CCM as an example. E.g. Now the sell queue is   50 lots at 195. then someone queue sell 100 lots at 195 so total 150 lots. Then another one queue 100 lots at 195 which make it 250 lots. After a while, someone bought 300 lots at 195. High chance this is BBs   buying because when the buy/sell queue is so low about 100 lots each queue, not many retailers will buy 300 lots at one go.

 



 

Anyway, you will have to know the characteristic of a counter and its daily normal traded volume. Once you know this, you will see the abnormality in the volume which mean there may be some action soon.

 



 

I think I have write enough. Tired liao. Need to go home now. Hope you all understand what I say.

 



 

Big huat to all of you on Monday. Have a nice weekend.

 



 

Huat ah!

 



 
 
Stockcham
    27-Sep-2013 21:05  
Contact    Quote!
Why my post suddenly have so big spacing in between?. No funny eh! Huat 啊 !
 
 
Stockcham
    27-Sep-2013 21:03  
Contact    Quote!


Thanks bro Bulletproofheart. You save me a lot of time. I will a bit more to make it clearer.

To add on what I discussed previously.

 



 

Put aside the real queue. We shall discussed the fake queue. Basically BBs place the big sell queue volume there for a few reasons. But before that, you must understand that BBs works in a group of a few peoples. They buy and sell their own lots.

 



 

1)          When retailers see big sell queue, buyers? natural reaction is scared to buy and sellers? reaction is ?Queue behind hard to get it? so sell straight at buy price. So sellers throw at buy price and BBs collect.

 

2)          Before a counter chiong, BBs usually have already accumulate enough lots. So when they pushed up the price, they cannot keep buying from retailers from each pip as they push up. So the only way is to place big queue there so less retailers will queue behind. As they push up each pip, they buy minimum lots from retailers.

 

3)          BBs buy their own lots to create volume. Counters with big volume tends to attract retailers.

 

4)          To create a chiong scenario. E.g. sell queue have 3000 lots. Then BBs eat up 2000 lots at one go. When retailers see that, they will rush in to buy.

 

5)          To distribute their holdings. How?. E.g. They put 5000 lots at sell queue. Eat up 1000 lots and then continue to eat smaller lots in a fast speed. Retailers see that will chiong in to buy. Once sell queue nearly finish, they top up some more lots at sell queue. Sometimes BBs will put super big sell queue. Let?s say the usual trading volume is 1000 lots. Big sell queue is 4000 lots. Super big sell queue may be 10000 lots. By placing super big sell queue, they can clear more lots. Recently we saw WE with super big sell queue of more than 50000 lots. Pls note that the chance to clear super big sell queue is very low.

 



 

Pls note that if there is big sell queue up many pips at MD, it doesn?t necessary mean it will run. Everyday you will see big sell queue at quite a number of pips at many counters but it don?t run. It just shows some signal that BBs still inside and there is a possibility of a run. No big sell queue usually means no run. Some times you see big sell queue of e.g. about 2000 lots at many pips up. Everyday you see the same thing but no run. Then you must take note whether the big sell queue have increase to maybe 4000 lots boh. If have increase, this is good. If decrease, then no good. Also have to take note whether the big sell queue have move down or move further up. Move down is good. Move up is no good. E.g. Today the price is 180-181 and the big sell queue at MD starts at 182, 183, 184 and so on. Then tomorrow the big sell queue starts at 181, 182, 183. This is good. If tomorrow the big sell queue starts from 184, 185, 186, then this is no good. It is important to take note that if a counter runs up and then comes down again, you will see big sell queue all the way up at MD. These big queue cannot be taken into account after the price drop down.

 



 

So now you know why I?m happy to see big sell queue. I will be worried if I continue to see big buy queue because BBs likely will withdraw their buy queue and the price will drop. But is will come to a point where the big buy queue is real.

 



 

Some peoples asked why BBs buy high sell low?. The reason they said that because big volume were traded at higher price where big lots were done. BBs won?t buy high sell low eh. They pushed up many pips up in a faster pace. Then they start to distribute their holding by buying and selling their own lots at the higher price. Of course the volume is high at higher price lah. That?s why you see when a counter moves up, it moves up fast and then come to a point where it ding dong there for a longer time.

 



 

There is one type of big sell queue trading which you all have to avoid. That is BBs place big sell queue. Then they start to eat up the sell queue lots without the buy queue building up. E.g. Buy queue 500 lots and Sell queue 3000 lots. Then BBs start to eat 1000 lots at sell queue, then eat another 1000 lots at sell queue. Sometimes BBs will eat up their own 3000 lots. Then on th next higher price, they do the same until retailers comes in. This happen recently to PS Group if anyone saw the trading that day. It happened on Matex, Sunlight and St James previously. Jiutian C BBs also like to play this pattern. When BBs trade this way, they usually will only push up a few pips(maybe 1-3 pips I didn?t really count). Then it will start to drop and can drop a lot at times. If you see this, you can take this opportunity to short it. High chance make very good money.

 



 

In trading, it is important to know how to see whether a counter have buying power. Let?s say you see peoples continue to throw at buy price. When it is nearly finish or finish, the buyers will comes in again and this continue. Most important is that you see that the sell queue is big. This is accumulation. Remember that day I said accumulation is taking place at Mirach at the price of 465?.   It ran up to 50 the next day. For this case, BBs is more pro. They put big queue at 47 and a few hundreds lots at 465. Then they keep throwing at 465. 465 finish put some more and they continue to throw. This continue for quite a while. When retailers see this, they also follow to throw because they think so many sellers ah. BBs collect.

 



 

Not only that you need to know power buying, you will also need to know how to see whether BBs buying or retailers buying. I mean real buying and not buying own lots. This one is hard to explain and also not easy to see especially if the buy/sell queue volume is always big. I can only use CCM as an example. E.g. Now the sell queue is   50 lots at 195. then someone queue sell 100 lots at 195 so total 150 lots. Then another one queue 100 lots at 195 which make it 250 lots. After a while, someone bought 300 lots at 195. High chance this is BBs   buying because when the buy/sell queue is so low about 100 lots each queue, not many retailers will buy 300 lots at one go.

 



 

Anyway, you will have to know the characteristic of a counter and its daily normal traded volume. Once you know this, you will see the abnormality in the volume which mean there may be some action soon.

 



 

I think I have write enough. Tired liao. Need to go home now. Hope you all understand what I say.

 



 

Big huat to all of you on Monday. Have a nice weekend.

 



 

Huat ah!

 


 
 
daniel1177
    27-Sep-2013 18:35  
Contact    Quote!
Hi bro sc... I'm new here.. can u advise me on cna ? Is it a sell down on this counter ?

Stockcham      ( Date: 27-Sep-2013 17:11) Posted:

Can I repeat?...EMS close sibei swee! Huat ah!

Will share on the big queue at night. Now work first!

 
 
winterQQ
    27-Sep-2013 18:34  
Contact    Quote!
Bro bulletph really very hardworking. Thumbs up!

I'm still holding Rex. Bro sc, luckily today never test 885, I'll hv heart attack.

Feel like buying ems, just nvr click click. Imagine first.
 

 
JarolLo
    27-Sep-2013 18:21  
Contact    Quote!


Bro, base on your lecture notes, I  just went back to see Innopac MD, also shows the same thing. Hope you don't mind spend soemtime look at it and let me know if this  is about the same scenario. If so, maybe Innopac can chiong also.

Thank you and have a nice weekend. 

bulletproofheart      ( Date: 27-Sep-2013 17:14) Posted:



last post before i'm out to enjoy my weekends. this is what i saved in my word file last time, maybe can save bro stockcham from having to write a long story again.this Greatwall of China Queue Theory that I shared initially was used during a counter chiong up or chiong down. It is not to identify whether a counter will chiong or not. It was used to see whether the counter can chiong up further. If a counter is running up and come to a price with Greatwall of China Sell queue, the chance of it breaking through is higher prvided that the price it is not the resistance price. You see, when a counter chiong up and comes to a price where there is a very big queue, peoples tends to think that it can't cross it, and thus they will sell down at buy price. At the same time, buyers may not want to buy when they see that the sell queue volumn is so big. It will rest there for a while or retreat maybe 1-2 pip down. After that, it will comes up again to  test it. During the testing, you will see that the Greatwall of China Sell queue is still there but the buy queue volumn is much more smaller than the sell queue volumn. Peoples may throw down at buy price but the buyers keeps coming in but still maintaining low buy queue volumn compared with the big sell queue.  It will likely to breakthrough after staying there for sometimes.  This Theory is more  reliable in the above scenario. This is the original Greatwall of China Theory. When a counter chiong down, everything will be the opposite way as the above. 

But this theory is also a good reference to see whether the price can moves further or starting to drop back. Take the following example 

Under this scenario, the buy price will likely to go up 

Buy queue  300 lots      -        2000 lots    Sell queue        -  Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up 

Buy queue 400 lots    -        2300 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Buy queue 600 lots    -        3000 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Under this scenario, the price likely to retreat. Innopac is a good example. Anyone who jeep Innopac recently should have seen how it drop. 

Buy queue 4000 lots      -        500 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down. 

Buy queue 3500 lots      -        400 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down again 

The so called Greatwall of China Queue Theory has nothing to do with Market Depth. When I mentioned about this theory, I still have not use Market Depth(MD) yet. The Market Depth thing is another theory. Let?s call it MD Theory. 

I have just started to use Market Depth not long ago and I?m still trying to figure out what kind of signal it will give. I think this MD is quite useful as it does provide some signal of how much it can go as the counter starts to move up.     

When a counter runs up, you will see big sell queue at quite a number of pips in the MD. The last big queue is supposed to be the price that it may be able to reach. The problem here is that as the price goes up further, the big sell queue may move to higher price in the MD. This will confuse. After monitoring some times, I notice that it may or may not continue to move higher even if there were big queue added at further pips up. I think taking the initial last big queue as a reference is safer. As the counter moves up, I think we cannot only based on MD to see how much it can move, it is important to take note of the resistance price. I think this is very important. I noticed that the resistance price is critical. Even if there were big sell queue after the resistance price, it may moves to the resistance price but may not necessary to be able to cross it or close above resistance price. How reliable is this?. My findings is that the reliability is not as good as the Greatwall of China Queue Theory. But I believe the reliability is still above 50%. Take Rex Intl for example. As it moves up, we can see more than 1000 lots sell queue at higher price in the MD and the 1000 lots keeps moving up as the price goes up. But when the price is at about 74.5-75, the more than 1000 lots sell queue above 750 were gone. It later moves up to 77 and then drop down.     

Does the big sell queue at MD means that the counter will run?. I don?t think so. Many times there are big sell queue at many pips up in the MD, but the counter didn?t run. Does it provide any signal then?. I think yes! When there is big sell queue at market depth, there is a chance to run. If there isn?t, likely the counter will not run. What other signal does the MD provide?. I saw some signal on freightlinks. During the 2 days resting period before freightlinks run, the big sell queue was at about 136-137, and the bigger sell lots at MD range from about 2000lots -3000lots. On Wed morning before the run, the big sell queue was move down lower to 135. Not only that, the bigger sell lots at MD range from 4000-5000 lots.. We will have to monitor next time again before we can confirm this again. 



 

Stockcham      ( Date: 27-Sep-2013 17:11) Posted:

Can I repeat?...EMS close sibei swee! Huat ah!

Will share on the big queue at night. Now work first!


 
 
Citrine
    27-Sep-2013 18:06  
Contact    Quote!
Bro Bulletproofheart     Thank you for sharing..

bulletproofheart      ( Date: 27-Sep-2013 17:14) Posted:



last post before i'm out to enjoy my weekends. this is what i saved in my word file last time, maybe can save bro stockcham from having to write a long story again.this Greatwall of China Queue Theory that I shared initially was used during a counter chiong up or chiong down. It is not to identify whether a counter will chiong or not. It was used to see whether the counter can chiong up further. If a counter is running up and come to a price with Greatwall of China Sell queue, the chance of it breaking through is higher prvided that the price it is not the resistance price. You see, when a counter chiong up and comes to a price where there is a very big queue, peoples tends to think that it can't cross it, and thus they will sell down at buy price. At the same time, buyers may not want to buy when they see that the sell queue volumn is so big. It will rest there for a while or retreat maybe 1-2 pip down. After that, it will comes up again to  test it. During the testing, you will see that the Greatwall of China Sell queue is still there but the buy queue volumn is much more smaller than the sell queue volumn. Peoples may throw down at buy price but the buyers keeps coming in but still maintaining low buy queue volumn compared with the big sell queue.  It will likely to breakthrough after staying there for sometimes.  This Theory is more  reliable in the above scenario. This is the original Greatwall of China Theory. When a counter chiong down, everything will be the opposite way as the above. 

But this theory is also a good reference to see whether the price can moves further or starting to drop back. Take the following example 

Under this scenario, the buy price will likely to go up 

Buy queue  300 lots      -        2000 lots    Sell queue        -  Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up 

Buy queue 400 lots    -        2300 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Buy queue 600 lots    -        3000 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Under this scenario, the price likely to retreat. Innopac is a good example. Anyone who jeep Innopac recently should have seen how it drop. 

Buy queue 4000 lots      -        500 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down. 

Buy queue 3500 lots      -        400 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down again 

The so called Greatwall of China Queue Theory has nothing to do with Market Depth. When I mentioned about this theory, I still have not use Market Depth(MD) yet. The Market Depth thing is another theory. Let?s call it MD Theory. 

I have just started to use Market Depth not long ago and I?m still trying to figure out what kind of signal it will give. I think this MD is quite useful as it does provide some signal of how much it can go as the counter starts to move up.     

When a counter runs up, you will see big sell queue at quite a number of pips in the MD. The last big queue is supposed to be the price that it may be able to reach. The problem here is that as the price goes up further, the big sell queue may move to higher price in the MD. This will confuse. After monitoring some times, I notice that it may or may not continue to move higher even if there were big queue added at further pips up. I think taking the initial last big queue as a reference is safer. As the counter moves up, I think we cannot only based on MD to see how much it can move, it is important to take note of the resistance price. I think this is very important. I noticed that the resistance price is critical. Even if there were big sell queue after the resistance price, it may moves to the resistance price but may not necessary to be able to cross it or close above resistance price. How reliable is this?. My findings is that the reliability is not as good as the Greatwall of China Queue Theory. But I believe the reliability is still above 50%. Take Rex Intl for example. As it moves up, we can see more than 1000 lots sell queue at higher price in the MD and the 1000 lots keeps moving up as the price goes up. But when the price is at about 74.5-75, the more than 1000 lots sell queue above 750 were gone. It later moves up to 77 and then drop down.     

Does the big sell queue at MD means that the counter will run?. I don?t think so. Many times there are big sell queue at many pips up in the MD, but the counter didn?t run. Does it provide any signal then?. I think yes! When there is big sell queue at market depth, there is a chance to run. If there isn?t, likely the counter will not run. What other signal does the MD provide?. I saw some signal on freightlinks. During the 2 days resting period before freightlinks run, the big sell queue was at about 136-137, and the bigger sell lots at MD range from about 2000lots -3000lots. On Wed morning before the run, the big sell queue was move down lower to 135. Not only that, the bigger sell lots at MD range from 4000-5000 lots.. We will have to monitor next time again before we can confirm this again. 



 

Stockcham      ( Date: 27-Sep-2013 17:11) Posted:

Can I repeat?...EMS close sibei swee! Huat ah!

Will share on the big queue at night. Now work first!


 
 
JarolLo
    27-Sep-2013 18:03  
Contact    Quote!
Thank you Bro for your hardwork. This is very fruitful for everybody. I still need time to digest. Have a nice weekend.

bulletproofheart      ( Date: 27-Sep-2013 17:14) Posted:



last post before i'm out to enjoy my weekends. this is what i saved in my word file last time, maybe can save bro stockcham from having to write a long story again.this Greatwall of China Queue Theory that I shared initially was used during a counter chiong up or chiong down. It is not to identify whether a counter will chiong or not. It was used to see whether the counter can chiong up further. If a counter is running up and come to a price with Greatwall of China Sell queue, the chance of it breaking through is higher prvided that the price it is not the resistance price. You see, when a counter chiong up and comes to a price where there is a very big queue, peoples tends to think that it can't cross it, and thus they will sell down at buy price. At the same time, buyers may not want to buy when they see that the sell queue volumn is so big. It will rest there for a while or retreat maybe 1-2 pip down. After that, it will comes up again to  test it. During the testing, you will see that the Greatwall of China Sell queue is still there but the buy queue volumn is much more smaller than the sell queue volumn. Peoples may throw down at buy price but the buyers keeps coming in but still maintaining low buy queue volumn compared with the big sell queue.  It will likely to breakthrough after staying there for sometimes.  This Theory is more  reliable in the above scenario. This is the original Greatwall of China Theory. When a counter chiong down, everything will be the opposite way as the above. 

But this theory is also a good reference to see whether the price can moves further or starting to drop back. Take the following example 

Under this scenario, the buy price will likely to go up 

Buy queue  300 lots      -        2000 lots    Sell queue        -  Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up 

Buy queue 400 lots    -        2300 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Buy queue 600 lots    -        3000 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Under this scenario, the price likely to retreat. Innopac is a good example. Anyone who jeep Innopac recently should have seen how it drop. 

Buy queue 4000 lots      -        500 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down. 

Buy queue 3500 lots      -        400 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down again 

The so called Greatwall of China Queue Theory has nothing to do with Market Depth. When I mentioned about this theory, I still have not use Market Depth(MD) yet. The Market Depth thing is another theory. Let?s call it MD Theory. 

I have just started to use Market Depth not long ago and I?m still trying to figure out what kind of signal it will give. I think this MD is quite useful as it does provide some signal of how much it can go as the counter starts to move up.     

When a counter runs up, you will see big sell queue at quite a number of pips in the MD. The last big queue is supposed to be the price that it may be able to reach. The problem here is that as the price goes up further, the big sell queue may move to higher price in the MD. This will confuse. After monitoring some times, I notice that it may or may not continue to move higher even if there were big queue added at further pips up. I think taking the initial last big queue as a reference is safer. As the counter moves up, I think we cannot only based on MD to see how much it can move, it is important to take note of the resistance price. I think this is very important. I noticed that the resistance price is critical. Even if there were big sell queue after the resistance price, it may moves to the resistance price but may not necessary to be able to cross it or close above resistance price. How reliable is this?. My findings is that the reliability is not as good as the Greatwall of China Queue Theory. But I believe the reliability is still above 50%. Take Rex Intl for example. As it moves up, we can see more than 1000 lots sell queue at higher price in the MD and the 1000 lots keeps moving up as the price goes up. But when the price is at about 74.5-75, the more than 1000 lots sell queue above 750 were gone. It later moves up to 77 and then drop down.     

Does the big sell queue at MD means that the counter will run?. I don?t think so. Many times there are big sell queue at many pips up in the MD, but the counter didn?t run. Does it provide any signal then?. I think yes! When there is big sell queue at market depth, there is a chance to run. If there isn?t, likely the counter will not run. What other signal does the MD provide?. I saw some signal on freightlinks. During the 2 days resting period before freightlinks run, the big sell queue was at about 136-137, and the bigger sell lots at MD range from about 2000lots -3000lots. On Wed morning before the run, the big sell queue was move down lower to 135. Not only that, the bigger sell lots at MD range from 4000-5000 lots.. We will have to monitor next time again before we can confirm this again. 



 

Stockcham      ( Date: 27-Sep-2013 17:11) Posted:

Can I repeat?...EMS close sibei swee! Huat ah!

Will share on the big queue at night. Now work first!


 
 
stockbabe
    27-Sep-2013 18:00  
Contact    Quote!
Can compile stock thesis.. Bro sc will help to mark lol!

Gold916      ( Date: 27-Sep-2013 17:49) Posted:

U really very hardworking leh
Deserve more money coming to you
Lol

bulletproofheart      ( Date: 27-Sep-2013 17:14) Posted:



last post before i'm out to enjoy my weekends. this is what i saved in my word file last time, maybe can save bro stockcham from having to write a long story again.this Greatwall of China Queue Theory that I shared initially was used during a counter chiong up or chiong down. It is not to identify whether a counter will chiong or not. It was used to see whether the counter can chiong up further. If a counter is running up and come to a price with Greatwall of China Sell queue, the chance of it breaking through is higher prvided that the price it is not the resistance price. You see, when a counter chiong up and comes to a price where there is a very big queue, peoples tends to think that it can't cross it, and thus they will sell down at buy price. At the same time, buyers may not want to buy when they see that the sell queue volumn is so big. It will rest there for a while or retreat maybe 1-2 pip down. After that, it will comes up again to  test it. During the testing, you will see that the Greatwall of China Sell queue is still there but the buy queue volumn is much more smaller than the sell queue volumn. Peoples may throw down at buy price but the buyers keeps coming in but still maintaining low buy queue volumn compared with the big sell queue.  It will likely to breakthrough after staying there for sometimes.  This Theory is more  reliable in the above scenario. This is the original Greatwall of China Theory. When a counter chiong down, everything will be the opposite way as the above. 

But this theory is also a good reference to see whether the price can moves further or starting to drop back. Take the following example 

Under this scenario, the buy price will likely to go up 

Buy queue  300 lots      -        2000 lots    Sell queue        -  Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up 

Buy queue 400 lots    -        2300 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Buy queue 600 lots    -        3000 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Under this scenario, the price likely to retreat. Innopac is a good example. Anyone who jeep Innopac recently should have seen how it drop. 

Buy queue 4000 lots      -        500 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down. 

Buy queue 3500 lots      -        400 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down again 

The so called Greatwall of China Queue Theory has nothing to do with Market Depth. When I mentioned about this theory, I still have not use Market Depth(MD) yet. The Market Depth thing is another theory. Let?s call it MD Theory. 

I have just started to use Market Depth not long ago and I?m still trying to figure out what kind of signal it will give. I think this MD is quite useful as it does provide some signal of how much it can go as the counter starts to move up.     

When a counter runs up, you will see big sell queue at quite a number of pips in the MD. The last big queue is supposed to be the price that it may be able to reach. The problem here is that as the price goes up further, the big sell queue may move to higher price in the MD. This will confuse. After monitoring some times, I notice that it may or may not continue to move higher even if there were big queue added at further pips up. I think taking the initial last big queue as a reference is safer. As the counter moves up, I think we cannot only based on MD to see how much it can move, it is important to take note of the resistance price. I think this is very important. I noticed that the resistance price is critical. Even if there were big sell queue after the resistance price, it may moves to the resistance price but may not necessary to be able to cross it or close above resistance price. How reliable is this?. My findings is that the reliability is not as good as the Greatwall of China Queue Theory. But I believe the reliability is still above 50%. Take Rex Intl for example. As it moves up, we can see more than 1000 lots sell queue at higher price in the MD and the 1000 lots keeps moving up as the price goes up. But when the price is at about 74.5-75, the more than 1000 lots sell queue above 750 were gone. It later moves up to 77 and then drop down.     

Does the big sell queue at MD means that the counter will run?. I don?t think so. Many times there are big sell queue at many pips up in the MD, but the counter didn?t run. Does it provide any signal then?. I think yes! When there is big sell queue at market depth, there is a chance to run. If there isn?t, likely the counter will not run. What other signal does the MD provide?. I saw some signal on freightlinks. During the 2 days resting period before freightlinks run, the big sell queue was at about 136-137, and the bigger sell lots at MD range from about 2000lots -3000lots. On Wed morning before the run, the big sell queue was move down lower to 135. Not only that, the bigger sell lots at MD range from 4000-5000 lots.. We will have to monitor next time again before we can confirm this again. 



 


 
 
Gold916
    27-Sep-2013 17:49  
Contact    Quote!
U really very hardworking leh
Deserve more money coming to you
Lol

bulletproofheart      ( Date: 27-Sep-2013 17:14) Posted:



last post before i'm out to enjoy my weekends. this is what i saved in my word file last time, maybe can save bro stockcham from having to write a long story again.this Greatwall of China Queue Theory that I shared initially was used during a counter chiong up or chiong down. It is not to identify whether a counter will chiong or not. It was used to see whether the counter can chiong up further. If a counter is running up and come to a price with Greatwall of China Sell queue, the chance of it breaking through is higher prvided that the price it is not the resistance price. You see, when a counter chiong up and comes to a price where there is a very big queue, peoples tends to think that it can't cross it, and thus they will sell down at buy price. At the same time, buyers may not want to buy when they see that the sell queue volumn is so big. It will rest there for a while or retreat maybe 1-2 pip down. After that, it will comes up again to  test it. During the testing, you will see that the Greatwall of China Sell queue is still there but the buy queue volumn is much more smaller than the sell queue volumn. Peoples may throw down at buy price but the buyers keeps coming in but still maintaining low buy queue volumn compared with the big sell queue.  It will likely to breakthrough after staying there for sometimes.  This Theory is more  reliable in the above scenario. This is the original Greatwall of China Theory. When a counter chiong down, everything will be the opposite way as the above. 

But this theory is also a good reference to see whether the price can moves further or starting to drop back. Take the following example 

Under this scenario, the buy price will likely to go up 

Buy queue  300 lots      -        2000 lots    Sell queue        -  Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up 

Buy queue 400 lots    -        2300 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Buy queue 600 lots    -        3000 lots Sell queue          -      Buy queue lots will build up fast to match sell queue, then starts to eat  up sell queue  - 1 pip up again 

Under this scenario, the price likely to retreat. Innopac is a good example. Anyone who jeep Innopac recently should have seen how it drop. 

Buy queue 4000 lots      -        500 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down. 

Buy queue 3500 lots      -        400 lots Sell queue          Sell queue lots will build up to match buy queue or it build up but may not match buy queue, then starts to throw at buy price      -      1 pip down again 

The so called Greatwall of China Queue Theory has nothing to do with Market Depth. When I mentioned about this theory, I still have not use Market Depth(MD) yet. The Market Depth thing is another theory. Let?s call it MD Theory. 

I have just started to use Market Depth not long ago and I?m still trying to figure out what kind of signal it will give. I think this MD is quite useful as it does provide some signal of how much it can go as the counter starts to move up.     

When a counter runs up, you will see big sell queue at quite a number of pips in the MD. The last big queue is supposed to be the price that it may be able to reach. The problem here is that as the price goes up further, the big sell queue may move to higher price in the MD. This will confuse. After monitoring some times, I notice that it may or may not continue to move higher even if there were big queue added at further pips up. I think taking the initial last big queue as a reference is safer. As the counter moves up, I think we cannot only based on MD to see how much it can move, it is important to take note of the resistance price. I think this is very important. I noticed that the resistance price is critical. Even if there were big sell queue after the resistance price, it may moves to the resistance price but may not necessary to be able to cross it or close above resistance price. How reliable is this?. My findings is that the reliability is not as good as the Greatwall of China Queue Theory. But I believe the reliability is still above 50%. Take Rex Intl for example. As it moves up, we can see more than 1000 lots sell queue at higher price in the MD and the 1000 lots keeps moving up as the price goes up. But when the price is at about 74.5-75, the more than 1000 lots sell queue above 750 were gone. It later moves up to 77 and then drop down.     

Does the big sell queue at MD means that the counter will run?. I don?t think so. Many times there are big sell queue at many pips up in the MD, but the counter didn?t run. Does it provide any signal then?. I think yes! When there is big sell queue at market depth, there is a chance to run. If there isn?t, likely the counter will not run. What other signal does the MD provide?. I saw some signal on freightlinks. During the 2 days resting period before freightlinks run, the big sell queue was at about 136-137, and the bigger sell lots at MD range from about 2000lots -3000lots. On Wed morning before the run, the big sell queue was move down lower to 135. Not only that, the bigger sell lots at MD range from 4000-5000 lots.. We will have to monitor next time again before we can confirm this again. 



 

Stockcham      ( Date: 27-Sep-2013 17:11) Posted:

Can I repeat?...EMS close sibei swee! Huat ah!

Will share on the big queue at night. Now work first!


 
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