TAH
looking on USDCAD in the last couple (30) hours pvrsa show bear
(sory I have a problem to load chart)
looking on USDCAD in the last couple (30) hours pvrsa show bear
(sory I have a problem to load chart)
- #51,862
- Jun 25, 2013 7:14am Jun 25, 2013 7:14am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #51,863
- Edited 7:36am Jun 25, 2013 7:24am | Edited 7:36am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
UJ: The MMs just went for another grab of longs. I don't know (no one can know) if the MMs are going to whipsaw this, but I am keeping a pending long order open several pips above the lower whole number and another about 15 pips below that one, just in case they do. {image}
AUD/JPY SHORT trade you have going?
- #51,865
- Jun 25, 2013 7:56am Jun 25, 2013 7:56am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Is this indication of a USD/JPY LONG a concern for the AUD/JPY SHORT trade you have going?
- #51,866
- Edited 9:58am Jun 25, 2013 9:34am | Edited 9:58am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
What, No Whipsaws?!
Well, it has only been about 30 minutes since the final USD high impact release, so there is still plenty of time for it. Either that, or retailers are starting to wise up about the true sentiment of the market, to not have "wrong side" pending orders the MMs can trigger, and to not have the SLs of their "right side" positions just laying around for the MMs to hit,.....all of which would make the cost of the MMs putting on a whipsaw prohibitive based on the small booty they'd "steal".
Was sort of anticipating at least one, ......somewhere. Kinda disappointing. Pairs haven't even moved well considering their average range, let alone for a day of multiple high impact releases! That raises suspicions, too. Maybe the MMs are playing "Dead", and just waiting so they can trigger more SLs and more pending orders later.
There is the bulk of the week yet to go and maybe some really big moves to come. One would think the thieving MMs would try to take more advantage. Best not to let our guard down. Better still, also look back where price has come from and place some pending orders along that path. Then, if the rotten MMs pull their whipsaw bullshit, we take advantage of them instead of them taking advantage of us.
Well, it has only been about 30 minutes since the final USD high impact release, so there is still plenty of time for it. Either that, or retailers are starting to wise up about the true sentiment of the market, to not have "wrong side" pending orders the MMs can trigger, and to not have the SLs of their "right side" positions just laying around for the MMs to hit,.....all of which would make the cost of the MMs putting on a whipsaw prohibitive based on the small booty they'd "steal".
Was sort of anticipating at least one, ......somewhere. Kinda disappointing. Pairs haven't even moved well considering their average range, let alone for a day of multiple high impact releases! That raises suspicions, too. Maybe the MMs are playing "Dead", and just waiting so they can trigger more SLs and more pending orders later.
There is the bulk of the week yet to go and maybe some really big moves to come. One would think the thieving MMs would try to take more advantage. Best not to let our guard down. Better still, also look back where price has come from and place some pending orders along that path. Then, if the rotten MMs pull their whipsaw bullshit, we take advantage of them instead of them taking advantage of us.
- #51,868
- Edited 10:25am Jun 25, 2013 10:05am | Edited 10:25am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} It's a critical point for EU (1.3070) and GU, and it's normal. Also it's "only" Tuesday and maybe the MM's want to wait until the end of the week. Dunno. But it's also true that this wave in EU and GU is making like a "double bottom" and that's not good for us in the short-term
Good point that I had not thought about.
Now, let's take that thinking a step further. Many will be thinking this same thing,....and the MMs know it! So, that might be exactly why the market is not being "responsive" yet to the releases. The bastard MMs are laying low while folks get to thinking....."Hum, double bottom,....time for me to enter long!"
And when they do, who is greedily waiting right now to take the short side?
Granted, it's speculative, but the subjective part about trading this market is best accomplished by putting oneself into the shoes of the MMs, and thinking like a low down, dirty rotten bastard thief. When the liquidity from this little bit of their trickery dries up, prices will probably start lower again.
- #51,870
- Jun 25, 2013 10:27am Jun 25, 2013 10:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #51,873
- Jun 25, 2013 10:49am Jun 25, 2013 10:49am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} A decision game Forex is a decision game. You have to choose and you can be wrong or you can be right. Now we are in a point where we have to make a decision. We can close our orders with profits (I think we both have GU and EU with profit right now) or wait. My decision is to wait, why? Because I firmly believe that the Eurozone is about to explode and the drop will be big in EU. If I think EU is about to explode and China is having a crisis. Where would go the money right now? My answer for that is to the USD. I know you don't care about...
Sonicers, I recommend the above post by Tymedu to all of you, ........worth reading more than once! It exemplifies thought processes and clear decisions.
- #51,874
- Jun 25, 2013 11:04am Jun 25, 2013 11:04am
Tymedu , I think that it may go down to 1.3033 which is the 61.8 fib on the daily chart , before it start going south
although I agree with you that PVSRA shows MMs are bearish
although I agree with you that PVSRA shows MMs are bearish
back to square no one 
, over trading is my sin , never get the lesson
, over trading is my sin , never get the lesson
- #51,878
- Jun 25, 2013 11:43am Jun 25, 2013 11:43am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker
- #51,879
- Jun 25, 2013 11:49am Jun 25, 2013 11:49am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker
