AU Comment:
Asian session MMs got off to a quick start torpedoing this to accumulate. Gosh, what a nice pattern of waves!
Asian session MMs got off to a quick start torpedoing this to accumulate. Gosh, what a nice pattern of waves!
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DislikedMaybe, but so what? What is your point? I don't think your channel is properly drawn, either.
What I see on H4 is a strong bounce followed by increasing H/Ls as MMs accumulate for the next run higher, which would be a break of the TL and possibly a run at least up to RDH around the whole number 1.0400, which is the next natural SR area. That might be all for today, with maybe more coming next week.
So, if you are going to post to point out a "feature" you see on your chart (such as your channel), how about also commenting on what significance...Ignored
Dislikedjaau, what is a good trade? Are you referring to a trade you made? Are you referring to a potential trade that you see? Please, if you are going to post, be specific! Otherwise, it is all a waste of time, and clutters up the thread.Ignored
DislikedYen Pairs, Caution!
G20 finance ministers' summit in Moscow on Friday and Saturday (Feb. 15-16).Ignored
DislikedHi TAH, I just show the possible channel. To trade or not to trade: PA + time to show better. Its just a discussion... take it easy! L.Ignored
DislikedGeorge Soros fund had made a cool $1bil from the recent YEN moves.. since the news is out (intentionally released), they may be looking for suckers to hold their longs..
I also expect the trend change or at least retracement...
SonicIgnored
DislikedYen Pairs, Caution! G20 finance ministers' summit in Moscow on Friday and Saturday (Feb. 15-16).Ignored
DislikedGeorge Soros fund had made a cool $1bil from the recent YEN moves.. since the news is out (intentionally released), they may be looking for suckers to hold their longs..I also expect the trend change or at least retracement...SonicIgnored
DislikedYou would think closing positions worth a billion would cause a small correction even if selling into a rising market. I would say he is already out and waiting for the retrace before entering long again.Ignored
DislikedEU Comment:
A short setup. Yes, before LS, but range is so tight, do we really think the FO/LO MMs will hike it all that much before dropping it? This is a good EP zone, right below half number,.....unless you believe this is going up instead of downIgnored
DislikedWhale watching in M1 TF..
http://www.bigtravelweb.com/images/whale_watching_l.JPG
Do not add short..
SonicIgnored
DislikedGU Comment:
Still not convinced? Look, MMs don't mount a "sell-off" in a low activity market which would naturally lower the prices on themselves as they attempted to get the highest prices as they sold off!
This is Accumulation, and taking the price right to previous lows while doing it. Maybe further....Ignored
DislikedSonic didn't say that the Soros fund had actually closed positions. The statement about how much had been made might just have been based on average entries vs current prices at the time. The fund might still have unclosed positions. Or, maybe the fund is completely clear now. We really don't know much except that the forex market is huge and a billiion, even of profit, is but a ripple.Ignored
Dislikedjaau, I am trying to point out that there is no discussion in posting "Maybe a decent channel." and "Good trade." Those are just disjointed words that could convey almost anything to anybody! If I devoted a whole post to the word "Red", would that be a discussion? No! Would it have any meaning? No! Would it be a waste of time and clutter on this thread? Yes! So, please, if you are going to post related to a thought you have, at least have enough consideration for the rest of us to post enough information so we know what the hell you are thinking!...Ignored