Dislikeddownload all of them and compare to the last 100 pages. it will be easy im printed this post and pin infront of me. holding shorts from early yesterday. There is just reminder for newbie traders like me to not rush in deal only with expectations. Today i can see it was against dragon, against rules, not valid scouts. My SL at 1.315 not triggered yet. Should we kill totally wrong trades or let it breathe ? {image}Ignored
This is not always crystal clear. In this case I marked a couple of candles, out of the rather non-eventful PA, that suggest the MMs are bulls.
Both are red, bear candles and rather tall ones. When we see such a candle, the next thing we want to pay attention to is if the price subsequently moves down or up. In both of these cases, subsequent PA moved back up and went higher. So, a logical conclusion is the bull MMs drove price down on these two events to add longs at lower prices. That makes them bulls that are seeking to build a long position with the lowest average price possible. It is also logical to conclude that at some point the MMs are going to initiate a MARK UP run in order to make profits on their long positions.
Keep in mind that this is just the Asian session. When the rest of the MMs go to work later, they too might drive prices down to add longs. Their price drives can be substantial. I'd not be surprised if price is driven again below the half number. If it is, and if higher volumes follow, that will be confrimation the MMs are bulls and that a MARK UP run will be coming.