ISP is an Italian bank that has really taken a beating this year. Under all metrics it is a really weak institution.
What I wish to demonstrate today is how whales operate and hopefully how to take advantage of it.
Before I continue I'd Like to state two Axioms I take with me anytime I chart
1) A body in motion stays in motion unless an external force acts on it
2) Don't trade or look for the bottom , always wait for it and act on the weaker price action
Ray Dalio put a huge net short position on this bank , before the Italian fixed crisis and the Turkish mayhem that had a bleed over on the whole of the EU.
It is the actions of institutions that guide us , not our hypotheses. With that said are you willing to go long , short or wait? What are the positions in the market , who are in control of the market . Where and how does that change.
Those are the questions that I ask price , and I use its answer to give me a position.
HAPPY WEEKEND.
What I wish to demonstrate today is how whales operate and hopefully how to take advantage of it.
Before I continue I'd Like to state two Axioms I take with me anytime I chart
1) A body in motion stays in motion unless an external force acts on it
2) Don't trade or look for the bottom , always wait for it and act on the weaker price action
Ray Dalio put a huge net short position on this bank , before the Italian fixed crisis and the Turkish mayhem that had a bleed over on the whole of the EU.
It is the actions of institutions that guide us , not our hypotheses. With that said are you willing to go long , short or wait? What are the positions in the market , who are in control of the market . Where and how does that change.
Those are the questions that I ask price , and I use its answer to give me a position.
HAPPY WEEKEND.
Idea Berkaitan
STATE OF EUROPE!
mberoakoko
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