Win More... Loss Some..
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Sonic
Are we there yet?
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Sonic
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- #45,044
- Mar 20, 2013 8:11am Mar 20, 2013 8:11am
- | Joined Jan 2011 | Status: my blog www.ijhas.blogspot.com | 1,038 Posts
born to speculate
- #45,045
- Mar 20, 2013 8:28am Mar 20, 2013 8:28am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Everything is possible!!! Step by Step...
- #45,047
- Mar 20, 2013 8:48am Mar 20, 2013 8:48am
- | Joined Jan 2011 | Status: my blog www.ijhas.blogspot.com | 1,038 Posts
born to speculate
- #45,048
- Mar 20, 2013 9:04am Mar 20, 2013 9:04am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Everything is possible!!! Step by Step...
- #45,050
- Mar 20, 2013 9:45am Mar 20, 2013 9:45am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #45,051
- Mar 20, 2013 9:47am Mar 20, 2013 9:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GU Comment, Caution! Beware!:
The MMs have been content for several days now to not put on either a Mark Up or a Mark Down drive. And tomorrow there are no less than three GBP high impact releases. Coincidence? Probably not. Probably the MMs have been content to use the intervening time to quielty build whichever side position they are most confident with. Well, "confident" is not really the right word because it conveys the idea that the MMs don't know for sure what their next move will be, Mark Up or Mark Down. And they know....
Told cha! Three times the MMs traversed a 100+ pips range in order to wipe out others and use the money for their own longs! Now that this is overwith, you have to realize all this is just the beginnings! The inverted H&S formation is now in-play.
-tah
- #45,052
- Mar 20, 2013 9:55am Mar 20, 2013 9:55am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU, Riding the Coattails of GU (Temporarily!):
And the MMs just faked EU up while seriously going long on GU. This was an easy fake for them to get higher prices while adding more shorts. Guess what? The H&S formation is still in-play and now the MMs are more fully loaded with shorts than before. Guess what else? See, the MMs know once they start the Mark Down run, what with the H&S formation being seen by so many, it will be easier to get the price down to their planned Distribution area. And that is why all the up/down gyrations lately. It gave them an extended opportunity to trap more liquidity into the market on the wrong side, enabling them to get more shorts.
We might soon be seeing GU headed up and EU headed down. And the EU drop is the bigger play!
-tah
And the MMs just faked EU up while seriously going long on GU. This was an easy fake for them to get higher prices while adding more shorts. Guess what? The H&S formation is still in-play and now the MMs are more fully loaded with shorts than before. Guess what else? See, the MMs know once they start the Mark Down run, what with the H&S formation being seen by so many, it will be easier to get the price down to their planned Distribution area. And that is why all the up/down gyrations lately. It gave them an extended opportunity to trap more liquidity into the market on the wrong side, enabling them to get more shorts.
We might soon be seeing GU headed up and EU headed down. And the EU drop is the bigger play!
-tah
- #45,053
- Mar 20, 2013 10:01am Mar 20, 2013 10:01am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EG Comment:
So, if GU takes the Mark Up and EU takes the Mark Down, guess what that means for EG.......
-tah
So, if GU takes the Mark Up and EU takes the Mark Down, guess what that means for EG.......
-tah
- #45,054
- Mar 20, 2013 10:13am Mar 20, 2013 10:13am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AU Comment:
With everyone rightfully focused today on the MMs whipsawing GU while they load up long and head faking EU in the process while they add more shorts, what about AU? This pair was put on the side board so everyone could watch the GU, EU fireworks uninterrupted. But now this in back in-play. The USD FOMC releases in several hours might be the catalyst used by the Asian session MMs to light a fire under the tail of this pair. Even the late day US MMs might get active on it. It is not really that big a deal, what with 100 pips or so remainder to go on the inverted H&S formation, but hey, a hundred pips is a hundred pips, right?
And who is to say that once the formation is played to completion, that will be the end of it? AU could easily go higher given more time.
-tah
With everyone rightfully focused today on the MMs whipsawing GU while they load up long and head faking EU in the process while they add more shorts, what about AU? This pair was put on the side board so everyone could watch the GU, EU fireworks uninterrupted. But now this in back in-play. The USD FOMC releases in several hours might be the catalyst used by the Asian session MMs to light a fire under the tail of this pair. Even the late day US MMs might get active on it. It is not really that big a deal, what with 100 pips or so remainder to go on the inverted H&S formation, but hey, a hundred pips is a hundred pips, right?
And who is to say that once the formation is played to completion, that will be the end of it? AU could easily go higher given more time.
-tah
- #45,055
- Mar 20, 2013 10:20am Mar 20, 2013 10:20am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
I wonder where is professor TAH??
He will be active and talk a lot during Asian session and no sight of him when mkt is "really" active..
Funny grand pa..
Sonic
Seriously though, PA/Dragon/Trend/S&R/Volume and a bit of psycology! And people think they need a bunch of garbage indicators!
-tah
- #45,056
- Mar 20, 2013 10:41am Mar 20, 2013 10:41am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AJ: Added a short trade to my group. This is back to highs on Daily and high enough to add. This is being driven up during JPY bank holiday, an easier price manipulation by the MMs than otherwise. So, the MMs want the price high. They did not load up low and then move the price up, they ran the price up and then started more heavily trading. To me, this means the MM are becoming bears.
-tah
-tah
- #45,057
- Mar 20, 2013 12:37pm Mar 20, 2013 12:37pm
AJ: Added a short trade to my group. This is back to highs on Daily and high enough to add. This is being driven up during JPY bank holiday, an easier price manipulation by the MMs than otherwise. So, the MMs want the price high. They did not load up low and then move the price up, they ran the price up and then started more heavily trading. To me, this means the MM are becoming bears.
TaH,
Don't the AU and AJ technicals contradict to each other? Or is the reason simply in the different time frames?
Thanks
- #45,058
- Mar 20, 2013 3:44pm Mar 20, 2013 3:44pm
- Joined Jan 2013 | Status: Trader | 1,107 Posts
Did MMs load shitload of shorts?
Btw it was scary to watch price spiking higher and higher with own shorts loaded.
Btw it was scary to watch price spiking higher and higher with own shorts loaded.
I know the secret...
