USDJPY SHORT TRADE
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PVSRA Scalping with Cigarguy 15,394 replies
My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators! 1,765 replies
Scalping M5 with PVSRA / 10pips Daily 64 replies
PVSRA Scalping 0 replies
DislikedGJ Short Play GJ has been rising for quite some time, and since February 15, it has been bouncing off the 50 EMA on the 1-hour timeframe. We notice that since February 27, the price has been consolidating in a range, so it is up to us to decide if MM are building longs or shorts. Under my analysis, I concluded that the MM was building short positions in this range. The first thing I paid attention to was that MM had been raising prices for a long time, and eventually, they had to make a run in the opposite direction to profit from the previous positions....Ignored
DislikedShort DOGE/USD Doge was up a lot during the day today, at some point it was up over 20%, so I knew that MM would at some point want to reverse price (even if temporarily) in order for him to close some positions, open new ones and take some profits - unlike DM, he knows when to pay himself and is not here to donate money to anyone. I wanted to catch the reverse and I was watching and watching... Right at the US session close, they go past the HOD and spike it way higher (2 minutes before the session ends!) with climatic volume. The way I read this...Ignored
Disliked{quote} What you call a PA climax would rather be a liquidity clearout where MMs are catching pending orders from breakout traders to continue shorting. (Could be a buy to sell).Ignored
DislikedSharing my understandings Correct me if I am wrong or missing something {image}RegardsIgnored
DislikedLong GBP/JPY Price was consolidating above key EMAs, notable volume at 50 EMA but price was not going lower. The red vector on the left was giving me the confluence MM would push price a little bit higher in order to recover it. Closed the trade back into the red vector with average profit and avoided the massacre later on when news came out. {image}Ignored