TAH
looking on USDCAD in the last couple (30) hours pvrsa show bear
(sory I have a problem to load chart)
looking on USDCAD in the last couple (30) hours pvrsa show bear
(sory I have a problem to load chart)
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DislikedTAH looking on USDCAD in the last couple (30) hours pvrsa show bear (sory I have a problem to load chart)Ignored
DislikedUJ: The MMs just went for another grab of longs. I don't know (no one can know) if the MMs are going to whipsaw this, but I am keeping a pending long order open several pips above the lower whole number and another about 15 pips below that one, just in case they do. {image}Ignored
Disliked{quote} Is this indication of a USD/JPY LONG a concern for the AUD/JPY SHORT trade you have going?Ignored
DislikedWhat, No Whipsaws?! Well, it has only been about 30 minutes since the final USD high impact release, so there is still plenty of time for it. Either that, or retailers are starting to wise up about the true sentiment of the market, to not have "wrong side" pending orders the MMs can trigger, and to not have the SLs of their "right side" positions just laying around for the MMs to hit,.....all of which would make the cost of the MMs putting on a whipsaw prohibitive based on the small booty they'd "steal". Was sort of anticipating at least one,...Ignored
Disliked{quote} It's a critical point for EU (1.3070) and GU, and it's normal. Also it's "only" Tuesday and maybe the MM's want to wait until the end of the week. Dunno. But it's also true that this wave in EU and GU is making like a "double bottom" and that's not good for us in the short-termIgnored
DislikedHi TAH WHat is your meta trader? my meta candle colors is different with your color.Ignored
DislikedEU Long Scout: High volume below whole numbers. Added: EP1, EP2-EP5 (Buy Limits), EP6-EP9 (Bu Stops) {image} {image}Ignored
Disliked{quote} Tymedu, Good point that I had not thought about. Now, let's take that thinking a step further. Many will be thinking this same thing,....and the MMs know it! So, that might be exactly why the market is not being "responsive" yet to the releases. The bastard MMs are laying low while folks get to thinking....."Hum, double bottom,....time for me to enter long!" And when they do, who is greedily waiting right now to take the short side? Granted, it's speculative, but the subjective part about trading this market is best accomplished by putting...Ignored
Again, we have to choose. I will choose the option number 2. In EU, as you know prices is below EMA in H1 and H4, and right now is fighting with D1's. That's the key point. If we have a daily candle closing below D1's EMA, the bias is a lot more bearish.
We know that normally MM's like to hike the price Monday and Tuesday (not always). I think we are in that phase where they are adding shorts but at the same time looking for liquidity to add more shorts. I think we are in a redistribution phase. As you know this can take hours, days or weeks.
If my "scenario" is right and the EU will drop a lot, they need a good situation to have good liquidity. What situation is better than a double bottom for that?
This is how I see it. Maybe I'm wrong, I have been before so...
Disliked{quote} A decision game Forex is a decision game. You have to choose and you can be wrong or you can be right. Now we are in a point where we have to make a decision. We can close our orders with profits (I think we both have GU and EU with profit right now) or wait. My decision is to wait, why? Because I firmly believe that the Eurozone is about to explode and the drop will be big in EU. If I think EU is about to explode and China is having a crisis. Where would go the money right now? My answer for that is to the USD. I know you don't care about...Ignored
DislikedTymedu , I think that it may go down to 1.3033 which is the 61.8 fib on the daily chart , before it start going south although I agree with you that PVSRA shows MMs are bearish {image}Ignored
Disliked{quote} Different brokers, different volumes. Been so stated a thousand times already. And you first logged into this thread nine monts ago, so what is your excuse for not already knowing this?Ignored