I WAS WRONG !!!
it happens
okay we will go long
time recover loses --
and make money
enigma4x
enjoy my life ... and ride the waves - all what I do 
- #44,781
- Mar 11, 2013 1:50pm Mar 11, 2013 1:50pm
- | Joined Jan 2011 | Status: Just a trader of trades ... (5 | 1,439 Posts
I WAS WRONG !!!
it happens
okay we will go long
time recover loses --
and make money
enigma4x
- #44,782
- Mar 11, 2013 4:44pm Mar 11, 2013 4:44pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GU Comment:
This is, I think, the real story of GU.
Look at the Daily and you can see this has been torpedoed to within three centimeters of Hell! This is grossly oversold. The market makers know it. Smart Money knows it. In fact, all the Market Manipulators know it. And, they all know everyone else knows it, too! Yet, the price continues to "suffer" additional torpedoes now and then. Why? Well, here is a plausible explanation.
With GU so low, so oversold, building a long position near the lows could turn out to be monstrously profitable over upcoming months. The problem is finding the liquidity to get the long orders filled. In order to do that you need lots of short orders coming into the market. That could be one reason the MMs keep torpedoing the price, .....to get more shorts into the market. However, there is another possibility.
Suppose the MMs have decided to make things real attractive for others to go long, lots of other folks making lots of long entries. Hey, wait a minute! Isn't that what the MMs would like to be doing, going long and going long bigtime? Sure, but hold on now. You see, if the MMs sucker in billions of dollars of long on this oversold situation, then they have an excellent opportunity for themselves. All they have to do is a climatic final drop in price, a big drop that takes the majority of all those longs that have come into the market and wipes 'em all out; hits their stops! Whamo! Instant billions of liquidity for the MMs to get their longs filled, and at the final absurdly low prices!
Of course, anything is possible. This is way oversold and seems like a good long opportunity. But the timing of going in long could be crucial for those that tend to have tight SLs. We have to be careful with an opportunity that looks so good. We cannot rely on the MMs to be anything but in their "Killer Greed Hyper Manipulative" mode.
-tah
This is, I think, the real story of GU.
Look at the Daily and you can see this has been torpedoed to within three centimeters of Hell! This is grossly oversold. The market makers know it. Smart Money knows it. In fact, all the Market Manipulators know it. And, they all know everyone else knows it, too! Yet, the price continues to "suffer" additional torpedoes now and then. Why? Well, here is a plausible explanation.
With GU so low, so oversold, building a long position near the lows could turn out to be monstrously profitable over upcoming months. The problem is finding the liquidity to get the long orders filled. In order to do that you need lots of short orders coming into the market. That could be one reason the MMs keep torpedoing the price, .....to get more shorts into the market. However, there is another possibility.
Suppose the MMs have decided to make things real attractive for others to go long, lots of other folks making lots of long entries. Hey, wait a minute! Isn't that what the MMs would like to be doing, going long and going long bigtime? Sure, but hold on now. You see, if the MMs sucker in billions of dollars of long on this oversold situation, then they have an excellent opportunity for themselves. All they have to do is a climatic final drop in price, a big drop that takes the majority of all those longs that have come into the market and wipes 'em all out; hits their stops! Whamo! Instant billions of liquidity for the MMs to get their longs filled, and at the final absurdly low prices!
Of course, anything is possible. This is way oversold and seems like a good long opportunity. But the timing of going in long could be crucial for those that tend to have tight SLs. We have to be careful with an opportunity that looks so good. We cannot rely on the MMs to be anything but in their "Killer Greed Hyper Manipulative" mode.
-tah
- #44,783
- Mar 11, 2013 4:54pm Mar 11, 2013 4:54pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,784
- Mar 11, 2013 5:08pm Mar 11, 2013 5:08pm
- Joined Jun 2012 | Status: Trader | 1,106 Posts
Some people say I'm lucky, but the more I practice the luckier I get
- #44,785
- Mar 11, 2013 5:33pm Mar 11, 2013 5:33pm
- Joined Jun 2012 | Status: Trader | 1,106 Posts
Some people say I'm lucky, but the more I practice the luckier I get
- #44,786
- Edited 7:29pm Mar 11, 2013 7:27pm | Edited 7:29pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,788
- Mar 11, 2013 7:51pm Mar 11, 2013 7:51pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,789
- Edited 8:02pm Mar 11, 2013 7:56pm | Edited 8:02pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Told cha....16 hrs later.. 144....Sonic
And even as you post that, this and other YEN pairs are getting torpedoed. These pairs are definately in the Distribution phase, and any bullish PA is just being created by bear MMs to get more shorts on at high prices. Or possibly even to complete their escape at these higher prices from lingering longs they still have.
-tah
- #44,791
- Edited 9:54pm Mar 11, 2013 9:38pm | Edited 9:54pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,792
- Edited 10:23pm Mar 11, 2013 10:02pm | Edited 10:23pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,793
- Mar 11, 2013 10:35pm Mar 11, 2013 10:35pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GU:
The Asian session MMs have been moving the price lower, but I suspect these are bullish MMs just putting on bear moves in order to obtain longs at lower prices. There is a GBP high impact release in about six hours, so it make sense they'd do this. The FO and LO MMs might participate similarly.
GU is way oversold. The lower the MMs can get it for adding longs, the better. Additional downside risk pales in comparision to the upside potential. And after all, it is the MMs that move the prices, so they already know the future, or at least their future plans for the price.
Lets see after the price has bottomed if what shows is that the highest trading activity is at the lower regions of price, confirming the MMs are loading up on longs.
-tah
The Asian session MMs have been moving the price lower, but I suspect these are bullish MMs just putting on bear moves in order to obtain longs at lower prices. There is a GBP high impact release in about six hours, so it make sense they'd do this. The FO and LO MMs might participate similarly.
GU is way oversold. The lower the MMs can get it for adding longs, the better. Additional downside risk pales in comparision to the upside potential. And after all, it is the MMs that move the prices, so they already know the future, or at least their future plans for the price.
Lets see after the price has bottomed if what shows is that the highest trading activity is at the lower regions of price, confirming the MMs are loading up on longs.
-tah
- #44,794
- Edited 10:53pm Mar 11, 2013 10:48pm | Edited 10:53pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AU:
Sonicers, don't forget this formation. Yesterday PA was a long setup that ran for 75+ pips. Now price is pulling back, which is good. The next setup might also be a long. Personally, I'd wait for a long setup what with price having come so close to the neckline on this last run up. Another long setup and run could break the neckline and start even more momentum to the upside.
This current pullback in price is probably the MMs getting prepared for another run higher, by pulling the price down so they can load up with additional low price longs. If the pullback today results in exceptionally high volumes at the lows then it could mean the MMs intend not to just reach the neckline with the next Mark UP run, but break it and maybe keep right on going!
My Take,
-tah
Sonicers, don't forget this formation. Yesterday PA was a long setup that ran for 75+ pips. Now price is pulling back, which is good. The next setup might also be a long. Personally, I'd wait for a long setup what with price having come so close to the neckline on this last run up. Another long setup and run could break the neckline and start even more momentum to the upside.
This current pullback in price is probably the MMs getting prepared for another run higher, by pulling the price down so they can load up with additional low price longs. If the pullback today results in exceptionally high volumes at the lows then it could mean the MMs intend not to just reach the neckline with the next Mark UP run, but break it and maybe keep right on going!
My Take,
-tah
- #44,795
- Mar 11, 2013 11:02pm Mar 11, 2013 11:02pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,798
- Mar 11, 2013 11:58pm Mar 11, 2013 11:58pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #44,800
- Edited 12:31am Mar 12, 2013 12:22am | Edited 12:31am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
