insanity: Doing the same thing over... and expecting different results -AE
- #58,022
- Edited Sep 2, 2013 6:49am Sep 1, 2013 7:37pm | Edited Sep 2, 2013 6:49am
- | Commercial User | Joined Mar 2008 | 9,069 Posts | Online Now
Some sort of activities... Some support?? Sonic
Sonic
- #58,027
- Sep 1, 2013 10:53pm Sep 1, 2013 10:53pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Told cha... Sonic {image}
And here is more.
Lower TFs shows higher activity coming in at the higher prices and coming down off the higher prices, as the price is cycled upwards. This is an indication the MMs are bears. Also, in late Friday off hours when there is no resistance to price manipulation, the MMs then too pushed the price up on declining volume; a cheap way to start attaining higher prices again after the strong sell off Friday. And this all adds up, because it is typical that the "market" will hit a SR area, then pull the price back while loading up positions, and later drive the price thru the SR area. That is what is happening here, imho.
The bear MMs are pulling the price back after the sell off Friday down to previous SR; pulling the price back and loading up more shorts as they do so. This is being done in preparation for the punch down, and this time thru that SR area.
-tah
- #58,028
- Sep 1, 2013 11:07pm Sep 1, 2013 11:07pm
- | Joined Oct 2007 | Status: FxProLive.com | 616 Posts
{quote} EJ: And here is more. Lower TFs shows higher activity coming in at the higher prices and coming down off the higher prices, as the price is cycled upwards. This is an indication the MMs are bears. Also, in late Friday off hours when there is no resistance to price manipulation, the MMs then too pushed the price up on declining volume; a cheap way to start attaining higher prices again after the strong sell off Friday. And this all adds up, because it is typical that the "market" will hit a SR area, then pull the price back while loading...
I agree this is happening across all the yen pairs.
- #58,031
- Sep 2, 2013 1:20am Sep 2, 2013 1:20am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #58,032
- Sep 2, 2013 1:47am Sep 2, 2013 1:47am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
Hi Sonicers,
EA hit TP while I was sleeping. Earned 1386 pips in 12 scouts while shorting EA. I use Pepperstone MT4 where I'm making my PVSRA and then I'm replicating my trades in FXCM trade station. That's why sometimes I 'm posting trades in MT4 while most of the times in FXCM tradestation, whereas I have more shots to shoot.
I want to thank again Tah and all the other members for their valuable analysis. My account (real) has grown 106 % in exactly 2 months.
EA hit TP while I was sleeping. Earned 1386 pips in 12 scouts while shorting EA. I use Pepperstone MT4 where I'm making my PVSRA and then I'm replicating my trades in FXCM trade station. That's why sometimes I 'm posting trades in MT4 while most of the times in FXCM tradestation, whereas I have more shots to shoot.
I want to thank again Tah and all the other members for their valuable analysis. My account (real) has grown 106 % in exactly 2 months.
- #58,035
- Sep 2, 2013 2:21am Sep 2, 2013 2:21am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
LOL - trying to post in real time always takes my eye off the ball, so others following the Three Dragons should be trading better than me!
The second buy was after LO and thus for 2 units.....note the lower volumes in the last push up
The second buy was after LO and thus for 2 units.....note the lower volumes in the last push up
Trading Levels with WRBs
- #58,037
- Edited 6:50am Sep 2, 2013 3:07am | Edited 6:50am
- | Commercial User | Joined Mar 2008 | 9,069 Posts | Online Now
Some sort of activities... Some support?? Sonic
Sonic
- #58,038
- Sep 2, 2013 3:17am Sep 2, 2013 3:17am
{quote} TAH, I'm so sure you & PVSRA have surprised the OLD "MarketMaker" & his tongue.(Sorry for my poor english) Thanks for what you've done for the Sonicers.
{image}
No surprises. I had already shown what type of markets PVSRA will work in and the problematical ones where it will have difficulties and will have major account draw downs. Thankfully, for PVSRA newbie traders sake, they haven't yet participated in one. I have also have shown how, if your willing to risk your account, with a 20% draw down, and a 30% TP, then you should be able to build it up to get 500~700% in a short period of time as markets stay non-trending. So why would I have any surprises when I have shown already how it is done? This old market maker can see through the smoke and mirrors. It's just 'guess and hope' and if it doesn't work the first time, then lets just keep doing it until either of the 2 outcomes occurs;
1) keep praying that the market eventually corrects to our breakeven and we can eventually get some profit
2) margin call
English is still an official language of HK, so please don't use the 'poor English' cop out to hid your laziness.
