GBP/USD
A low-probability day, with no major news and reduced risk!
Initially, I had predicted a pullback within 5 to 15 minutes, having observed significant volume at the peak and a change in the internal structure of the 1-minute chart, which supported this scenario; consequently, we saw a break-even point on the short position, but this allowed for a new long entry—the price simply consolidated to trigger new buy orders.
Have a great week!!!
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Possible Bear Trade Opportunity
Big volume at LO highs to start the move lower is shown on your own M15 chart for today (Monday). Check it out. Note that there is a GBP high impact release during the London Session on Wednesday. As always, please do your own due diligence.
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Possible Bear Trade Opportunity
I miss-spoke and the high impact comes tomorrow (Thursday). The possible opportunity is still there. It is further encouraged by the current day being of very low range... only about 1/3 of normal range.... while volume increased as price increased.... which indeed suggests "Distribution" which always precedes the "Bear Run for Profit". As always, please do your own due diligence.
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Bear Trade Opportunity Looking Better!
RWL is a possible target, and it has good alignment with the tops/middles/bottoms of significant H4 chart candle bodies. PLUS.... note the range today (Tuesday) has been confined within the "Average Day Range". This indicates the Market Makers have been hell bent on filling institutional sell orders while forcing the price to stay within the range and not drop..... excellent MMs price support manipulation to help bulls continue to believe.... and buy.... and provide liquidity for the MMs to fill the institutional sell orders (imho)! In the three remaining days this week there are SIXHigh Impact Releases! The big question is...... when are MM price manipulators going to complete the institutional sell orders and pull their "support rug" out from under this one?
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Bear Trade Opportunity Looking Better.... and BETTER!
As always, please do your own due diligence. We cannot ever know what decisions the MMs will make to move price to fill institutional orders to buy and sell.
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Bear Trade Opportunity Looking Better.... and BETTER .... and BETTER! Of course, please due your own due diligence. The ranging characteristics put RWL in sight, which is even below RML now (showing how truly bearish this really is!). But, we know how the market REALLY WORKS.... know matter "WHAT". If the well monied institutions continue to demand their orders be filled somewhere then the MMs will make the price GET THERE! And THIS frequently happens as a STOP HUNT after the MMs have first head faked "the market" in the opposite direction, looking to bait and snag fish for the follow-up STOP HUNT, which, of course, will provide some of the liquidity at the VERY BEST CAN DO price levels so as to help the MMs fill those pending institutional orders. In a nutshell, the MMs have been taking their time accommodating the institutional pending sell orders up high. Will this change? Will PA suddenly become aggressively bearish? We cannot ever know. But, there are 7 High Impact Releases in the upcoming Thursday London Session.
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Bear Trade "Run for Profits" Looking Better for This Week
As always, please do your own due diligence. Just because RML is within range, this does not mean MMs won't fall short and execute another STOP HUNT upwards..... and save the "Run for Profit" for a future week!
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Bear Trade "Run for Profits" is Under Way.... Continued
As always, please due your own due diligence. Keep in mind that nobody knows the thoughts of the Market Makers on what they are planning to do next to get their commissions filling the large orders of institutions, and what they plan on doing with the price in order to "shake out, short squeeze, stop hunt" the market's OTHER participants (includes us) so as to obtain the liquidity (MONEY) to fill those institutional orders! Speculation: this might be in the very early stage of a very big trip downwards that could take many months (with lots of "reversals").
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Bear Trade "Run for Profits" is Under Way.... Continued
Please do your own due diligence because this appears to be a process that is underway, and if it is then it can take weeks to unfold.
If you look to the left on the volume chart you will see the highest volume bar of all..... and GREEN! So, lots of buying there and maybe failure to sell for profit when times were better to do so. Now the MMs are working overtime to cycle this up and down.... to keep market interest.... without actually dropping very much over time so that their buyer clients will still have some opportunity to get out with some profit, and....... THAT LOOKS LIKE A LOT OF VOLUME TO BE DEALT WITH.
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Bear Trade "Run for Profits" is Under Way.... Continued
Ever hear of "Sell high!"? Well, this is a sign of a lot of selling high.... and at about the same high time and again.... but, of course, we all know this can't be happening because that would require IN OUR FACE MARKET PRICE MANIPULATIONS TO FAVOR SPECIAL CLIENTS THAT ARE PRIVILEGED DUE TO THE AMOUNTS OF MONEY THEY TRADE WITH. This is the example of what is actually meant by "Price is based on supply and demand." Yes, the price will be made to go to where it is demanded by those with enough money to get the MMs to cater to them. It is the manipulation of market price by the MMs to fill big orders that pay the MMs big commissions. In other words, for all practicality, market prices have nothing at all to do with intrinsic values. They are based on price control by those with the money to get the prices they want. They can buy at a low price of their choice and "pay" to have price pumped higher so they can sell it a price of their choice. And visa versa. And, of course, the MMs can easily start changing price by hitting the bid up or down at any time with a no value book entry "trade". A series of these following any and all real trades can quickly move price up or down, whereas otherwise the price might just linger until a real offer of a higher or lower price comes in. In the case of this item, now in a Head & Shoulders critical price area, it is getting a lot of "revisits" to higher prices. What could this mean?
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURGBP.... Bear Trade "Run for Profits" is Under Way.... Continued
The best advice ever given in "The Market" has always been "Buy low. Sell high!"
We can see the MMs controlled price to primarily fill institution sell orders at the higher prices. And, soon as the market went into the NYS After Hours, the MMs began a short squeeze to create more liquidity at the highest prices of all, in order to continue to service institutional orders to SELL HIGH and HIGHER STILL!
Hi, I'm new to PVSRA and I'm still learning, I have a question
So, I was looking at the EURUSD chart on TF 15 minutes, then a setup showed up to me, I tried to interpretate it from MM's POV. Could this be right??
On the first coloured block DMs could be fooled into going long (ascending triangle forming).
So... MMs could have wanted to stop hunt on sell stops from DMs -> Red box.
Then looking for liquidity on low prices to build longs -> Yellow Box.
Then PA starts, price cross 200 ema and retrace to it, this is a setup shown in the first posts of the study hall, so I would put my EP on that consolidation over 200 ema and above half level, and go long for 20 pips.
The price actually went up by 50+ pips!
So the question is... Was my read good and correct? Or it was only case?
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
Per anakin3107 Request/Chart Above:
Light Yellow Area - high activity below around 1/2 level preceded the pump up into the yellow area. Conclusion: bull move for about 25 pips. Then come the much higher (red) volumes that likely represent those bull move buyers at the 1/2 level are closing and then opening new bear trades!
Red Area - Price gets back down to the half level and below and the high volume there is likely closing the bear trades opened above in the yellow area.... but also, and same as in yellow area, soon as the bear trades closed, those bears then open new bull trades again - and which will coincide with more buying in that area (Green) during the coming day!.
Dark Yellow Area - Market is now in NYS After Hours.... MMs move PA back down to the support around the Quarter Level and maybe to assure good activity at the start of the new day because the MMs still have institutional "Buy" orders to fill?
Green Area - Activity picks up with the F-Lo market. PA is below the half level (same area as all the high volume in the Red Area). Orders were filled and PA then went up just as it did the previous day, a little higher, but not the highest it has recently been.
So, maybe this does not retrace so much like before (Red Area) and instead it maybe ends up proceeding higher. We cannot ever know. What matters is there was a decent setup (Green Area) and the PA BO for decent pips.
WHAT REALLY MATTERS:
Dragon developed good angle for BO
Prior to BO there is PA consolidation "cradled" in the curve/angle of the Dragon
PVA candles exist in the PA consolidation and the PA that preceded it
Likely BO S/R is close to the top of the consolidation
ALSO:
H4 TF chart shows impressive opportunities the MMs may have manufactured to help them fill institution orders to buy. So, perhaps from this current price area, this will proceed higher. We cannot ever know what the MMs will do with price next.
Attached Image (click to enlarge)
Check your own DAY CHART also, because it should show that from the last lowest bottom all of the PVA bars are GREEN!
Joined Mar 2008
|
Status: PVSRA with Traderathome
|23,552 Posts
EURUSD..... H1 Chart CLASSIC Bullish Pattern!
Considering the content of the post above, this is getting better and might BO upwards this week..... lots of USD High Impact releases as catalyst, too. As always, please do your own due diligence.