Hello all. Closed sell trade Aud/Usd - 15 scouts with average price 0.9550.
Profit is 200 pips * 15 = 3000 pips.
Profit is 200 pips * 15 = 3000 pips.
If you think you can do a thing or think you can't do a thing, you're right
- #61,983
- Edited 10:33am Nov 11, 2013 10:09am | Edited 10:33am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NU Long Trade: Entered long Scout #1. Just a small dabble in the early week market, which is usually terrible. I went long on this pullback. The basis for doing so is the volume earlier. You can see that the volume was notable on the pullback below the Dragon (to below the half number SR) and that the move back up was strong with volume. This current pullback is not quite 50% and the price might get pulled back more. We'll see if that happens. If it does, and sufficiently, I might add. In the bigger picture, this has the potential for great downside,...
Well, the dastardly MMs kept the bear pressure on and hit my LS for 75 pips lost. As you can see, I have re-entered a single, larger sized long on yet another pull back down. If the last lows were the MMs target lows (coincide with the lows of the big drop and there was notable volume there), then this trade should yield enough profits to make up for the loss,....and maybe then some. No TP or SL at this time.
For those that can learn faster than I (
), note that the first trade was a pre-LS trade. Bad, bad, bad,.....and badly did it turn out (as usual). Not always, but often times the the LS MMs will covet low prices in such a situation where when they come to the table the price has already been run up in the Asian session. So, they knock them back down for themselves. Not always, though. I gambled here and lost. The point is, if I had awaited the LS, I might have seen the LS MMs plan and held off until lower prices were available. At the very least, I should probably not have used a SL, or put one well below RDL.
- #61,985
- Edited 10:47am Nov 11, 2013 10:17am | Edited 10:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hello all. Closed sell trade Aud/Usd - 15 scouts with average price 0.9550. Profit is 200 pips * 15 = 3000 pips. {image}
See, in the hands of an already great trader, well versed on PVSRA money management, PVSRA can be deadly to the MMs!
BTW, rumor has it the MMs are filing suit with the SEC to ban the use of PVSRA!
(No regulations against them, just against retailers: no hedging, FIFO, etc. Why, even insider trading by the MMs is not disallowed in the forex market! Well, the dirty rotten stinking banks have always just made up the rules as they went along, screwing folks. And they are keeping the forex market "ruleless" for themselves!)
What I particularly like about Catcher, and some other folks here, is they were smart enough and bothered themselves enough to go get the proper latest TAH template and indicators linked in post #1, instead of fishing the "paper clip" for whatever they could find. Every upgrade corrected errors in previous releases, so there is good logic in using the latest. Catcher seems to be using it well to his advantage.
- #61,986
- Nov 11, 2013 10:22am Nov 11, 2013 10:22am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Hello all. Closed sell trade Aud/Usd - 15 scouts with average price 0.9550. Profit is 200 pips * 15 = 3000 pips. {image}
Whatever is obvious is obviously wrong!"
- #61,987
- Nov 11, 2013 10:24am Nov 11, 2013 10:24am
- Joined Oct 2012 | Status: Bear pips catching ....... | 165 Posts
{quote} Catcher, Great trade! See, in the hands of an already great trader, PVSRA is deadly to the MMs! BTW, rumor has it the MMs are filing suit with the SEC to ban the use of PVSRA!
Nice joke. If you think you can do a thing or think you can't do a thing, you're right
- #61,988
- Edited 12:16pm Nov 11, 2013 11:49am | Edited 12:16pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} NU Long Trade: Well, the dastardly MMs kept the bear pressure on and hit my LS for 75 pips lost. As you can see, I have re-entered a single, larger sized long on yet another pull back down. If the last lows were the MMs target lows (coincide with the lows of the big drop and there was notable volume there), then this trade should yield enough profits to make up for the loss,....and maybe then some. No TP or SL at this time. For those that can learn faster than I (
Added long Scout #2. Price appears to be basing at the lows of Friday. NZD high impact releases are still a ways off and so tomorrow the price could be undercut more. There is no way to know for sure. Time will tell, but the fact that the MMs have used Monday to bring the price back down bespeaks of the probability they are building long. Note that the RWH mark represents a nice 200+ pips bull swing up. That is the possibility here. I have set the TP accordingly and have no SL set at this time because when the US MMs come to the table tomorrow there is no telling what they will do with the price if they decide to build long. If they decide to continue the bear drive the odds are good they will first bump the price back up to reload shorts since they took some profit on shorts Friday. In this case, RWH is unlikely, but still some profit is.
On the bigger scale, this is bearish. There is a potential H&S formation with a target about 350 pips below the neckline. The H&S formation, if the neckline is reached, comes into play and it is the best H&S formation the market has produced on any pair in a very long time. This long trade of mine is just to trade the anticipated pull back upwards the MMs might manipulate in order to load more shorts for the event.
- #61,989
- Nov 11, 2013 3:12pm Nov 11, 2013 3:12pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #61,990
- Nov 11, 2013 3:18pm Nov 11, 2013 3:18pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #61,991
- Edited 6:29pm Nov 11, 2013 6:10pm | Edited 6:29pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Different Brokers, Different Prices and Sometimes Different Worlds
Look at NU on the M1 chart of different brokers. See the lower wicks? They are not the same. They all tend to reach low, but to different extents,.....all within the same general time span, though.
Is this due to different pricing from different liquidity providing banks, or is this due to the brokers running "in-house" liquidity providing drives against their own clients so they can fill their own trading desk orders at the lower prices of their drives?
Whatever the reason, it just goes to show that the forex market is a market where price is manipulated. Between the dirty rotten stinking liquidity providing price manipulating banks, the price manipulating market makers, and even the "pricing world unto themselves abusive greedy brokers", it is a real circus. Come on in, folks! And be sure you have your Stop Loss ticket punched at the entrance!
You will note also that one broker, FXCM, omits a significant amount of M1 data for a time, too, over a half hour of data is missing. Data was resumed about 45 minutes ago, but still FXCM is not delivering the missing data. What a circus!
Look at NU on the M1 chart of different brokers. See the lower wicks? They are not the same. They all tend to reach low, but to different extents,.....all within the same general time span, though.
Is this due to different pricing from different liquidity providing banks, or is this due to the brokers running "in-house" liquidity providing drives against their own clients so they can fill their own trading desk orders at the lower prices of their drives?
Whatever the reason, it just goes to show that the forex market is a market where price is manipulated. Between the dirty rotten stinking liquidity providing price manipulating banks, the price manipulating market makers, and even the "pricing world unto themselves abusive greedy brokers", it is a real circus. Come on in, folks! And be sure you have your Stop Loss ticket punched at the entrance!
You will note also that one broker, FXCM, omits a significant amount of M1 data for a time, too, over a half hour of data is missing. Data was resumed about 45 minutes ago, but still FXCM is not delivering the missing data. What a circus!
- #61,992
- Nov 11, 2013 8:00pm Nov 11, 2013 8:00pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
if u interest bail with me..
- #61,995
- Nov 11, 2013 11:21pm Nov 11, 2013 11:21pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
GU short
- #61,996
- Nov 11, 2013 11:26pm Nov 11, 2013 11:26pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
GJ long {image}
- #61,998
- Nov 12, 2013 1:16am Nov 12, 2013 1:16am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} EJ - TP1 reachedlooking for TP2 {image}
Closed for 973 pips gain
Whatever is obvious is obviously wrong!"
