correct me if i'm wrong PVA volume bars color RED - bear/bulls stopping volumeGreen - buying/selling volume what about the violet PVA and candle? what do they represent? or did i even get anything right?
- #49,961
- May 30, 2013 6:22am May 30, 2013 6:22am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,962
- May 30, 2013 6:22am May 30, 2013 6:22am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #49,963
- Edited 6:41am May 30, 2013 6:25am | Edited 6:41am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Market Comment:
Yen pairs hikes, aussie dump,.......have nothing to do with any changes in the relative values of currencies. This is a perfect example of how the stinking banks suddenly manipulate prices in an attempt to "steal" money from others,.....by triggering wrong side pending orders and stopping out right side positions. These are "liquidity creation" moves, as they are called. Nice name, don't you think? Truth? These are the stinking bank's "Let's rape the market again today, boys!" moves.
Well, that is a longer name. There's is a shorter name. So, let's hear it for the stinking banks. They are as efficient at innocuous titiles as they are at stealing.
-traderathome
Yen pairs hikes, aussie dump,.......have nothing to do with any changes in the relative values of currencies. This is a perfect example of how the stinking banks suddenly manipulate prices in an attempt to "steal" money from others,.....by triggering wrong side pending orders and stopping out right side positions. These are "liquidity creation" moves, as they are called. Nice name, don't you think? Truth? These are the stinking bank's "Let's rape the market again today, boys!" moves.
Well, that is a longer name. There's is a shorter name. So, let's hear it for the stinking banks. They are as efficient at innocuous titiles as they are at stealing.
-traderathome
- #49,964
- May 30, 2013 6:30am May 30, 2013 6:30am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote}be nice guys
Please don't give up on posting here as I am certain you have more to offer. There always hasty comments, especially from newer members who have yet to experience a parabolic blow off against them.
As I hope you have noticed, there ARE some different ideas being explored here and much that is posted is "work in progress" - even if some feel that they have already found the H Grail of forex trading.
Regards
Islander
Trading Levels with WRBs
- #49,967
- May 30, 2013 6:46am May 30, 2013 6:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,968
- Edited 6:59am May 30, 2013 6:49am | Edited 6:59am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,971
- May 30, 2013 7:06am May 30, 2013 7:06am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #49,972
- May 30, 2013 7:07am May 30, 2013 7:07am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} Imo, the only thing that is moving the market right now is this. As I said, all the eyes in US Index. Not yen, not eur, not aud, just US. For how many time? I don't know. Is the US index being manipulated? I don't know. But I know that all the eyes are there, so my eyes are there as well. {image}
Now we've just had a typical pre NY Open move, with plenty of data out at 8:30 NY & 10am NY....
Trading Levels with WRBs
- #49,973
- May 30, 2013 7:51am May 30, 2013 7:51am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
My take on the move up during the hour into the US GDP data was that buying by the big guys pushed price up for a better level from which to sell.....first by the Traders in Europe & the UK and later by the US traders.
Watching the volume (activity) on the 1m chart, I sold in the 08:29 bar and banked some nice pips ~ 60 seconds later....now I'll read my book until the next data
PS just another way watching the price action with the volume helps a different type of trading
Watching the volume (activity) on the 1m chart, I sold in the 08:29 bar and banked some nice pips ~ 60 seconds later....now I'll read my book until the next data
PS just another way watching the price action with the volume helps a different type of trading
Trading Levels with WRBs
{quote}UJ Short Trade: Added short trades #5, #6 and #7, Scouts. Decided to add while price hangs up in the higher regions of this price pump. M1 PVSRA shows MMs continue heavy trading at the highs, with cycles up in activity coinciding with relative highs and coming down off those relative highs. Very bearish. Adjusted TP. {image}
a price level where you would exit this trade totally? If so, what would that level be?
I guess if you checked the higher time frames, such as weeks or months, and could see
that a major trend is underway, you could ride it out for as long as it takes or as long
as your account funding allows.
I know that curiosity killed the cat, but I still had to ask!
- #49,976
- May 30, 2013 8:07am May 30, 2013 8:07am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} TAH, I know you don't normally set hard SL levels, but just out of curiosity, is therea price level where you would exit this trade totally? If so, what would that level be? I guess if you checked the higher time frames, such as weeks or months, and could seethat a major trend is underway, you could ride it out for as long as it takes or as longas your account funding allows. I know that curiosity killed the cat, but I still had to ask!
Indices, like the US Dollar Index is only a reflection of what is happening to the values of the components of the index. It can be manipulated by manipulating the value of the key components. Who has the resources to do this? The major banks worldwide, with interlocking directorships and therefore of the "same mind", and with unlimited resources to use to manipulate prices, can easily manipulate the value of anything traded.
For example, in the USofA that "worst President of all", tricky George Bush, Jr. removed the limitations on banks to create credit, or fiat money. Do you think this imbecile thought to do this himself? So, with unlimited resources, all the major banking/investment houses (like GS) can instantly put on their market "play" and create whatever "appearance" they wish, in order to set things up to "steal" money from others. We are talking legal fraud on a hugely profitable scale!
Someone recently (past month or so) posted that market makers were limited to 200 pips price manipulation per day, so as to not "rock the boat" of any market. Two hundred pips? Gee, think of the millions the stinking banks can make on that legal bit of price manipulation,...per day if they have a mind to do it!
{quote}Indicies, Market Makers & Banks Indicies, like the US Dollar Index is only a reflection of what is happening to the values of the components of the index. It can be manipulated by manipulating the value of the key components. Who has the resources to do this? The major banks worldwide, with interlocking directorships and therefore of the "same mind", and with unlimited resources to use to manipulate prices, can easily manipulate the value of anything traded. For example, in the USofA that "worst President of all", tricky George Bush,...
- #49,978
- May 30, 2013 8:16am May 30, 2013 8:16am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Interesting (and very true) post, but it failed to address my questions.
No, I answered your question. Read between the lines. It isn't hard SLs that matter most (though mental SLs are important to good money management). It is paying attention to what PVSRA is indicating that matters most!
Thoughout the day, PVSRA has been showing the way,.....on all the pairs! Not just UJ. The stinking banks set up the "head fake" moves. They know lots of traders abide in indices, especially the US Dollar Index. So, by screwing with that index (the key underlying components) and they get to screw a lot of traders.
- #49,979
- May 30, 2013 8:35am May 30, 2013 8:35am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
