G/U Bearish
price being increased on highs with high volume above half number...
price being increased on highs with high volume above half number...
Attached Image (click to enlarge)
- #62,363
- Nov 20, 2013 9:50am Nov 20, 2013 9:50am
- | Commercial User | Joined Mar 2008 | 9,077 Posts
{quote} Told cha!
Great as always..
Sonic
- #62,365
- Nov 20, 2013 9:59am Nov 20, 2013 9:59am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} i'm also in this trade looking at a TP of around the 133.5** area. Is that logical? {image}
I hope that UJ comes and helps EJ to fall more 
Whatever is obvious is obviously wrong!"
- #62,367
- Edited 10:37am Nov 20, 2013 10:22am | Edited 10:37am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU and UChf:
Take note of the price action relative to the trend lines drawn. Now take note of the volume, which is high as the price was pushed to these TL areas. Next, take note where the pushes ended relative to S&R other than the TLs. In the case of EU, the price almost made it to a half number SR. In the case of UChf, it did! Individually, these items might not hold much weight, but together it becomes a case that the MMs are bulls on EU and took the price lower to add longs, and they are bears on UChf and took the price higher to add shorts.
Time will tell, as the price action in these pushes might not be over with. A "second wind" head fake push thru these TL areas might be just the ticket the MMs have planned, in order to create even more liquidity for their position building. I know, these "channels" look like a Bear Channel on EU to suck in longs, and a Bull Channel on UChf to suck in shorts. More the better this is to outsmart traders that will see this and do the opposite by going short EU and long UChf, which might be the MMs strategy, since they know everyone will be looking at these formations and will be trying to outsmart the MMs. So, if the MMs execute head fakes, traders will divine themselves smart and jump in, in those directions!
Having fun here, folks. Let's wait and see what the market provides.
Take note of the price action relative to the trend lines drawn. Now take note of the volume, which is high as the price was pushed to these TL areas. Next, take note where the pushes ended relative to S&R other than the TLs. In the case of EU, the price almost made it to a half number SR. In the case of UChf, it did! Individually, these items might not hold much weight, but together it becomes a case that the MMs are bulls on EU and took the price lower to add longs, and they are bears on UChf and took the price higher to add shorts.
Time will tell, as the price action in these pushes might not be over with. A "second wind" head fake push thru these TL areas might be just the ticket the MMs have planned, in order to create even more liquidity for their position building. I know, these "channels" look like a Bear Channel on EU to suck in longs, and a Bull Channel on UChf to suck in shorts. More the better this is to outsmart traders that will see this and do the opposite by going short EU and long UChf, which might be the MMs strategy, since they know everyone will be looking at these formations and will be trying to outsmart the MMs. So, if the MMs execute head fakes, traders will divine themselves smart and jump in, in those directions!
Having fun here, folks. Let's wait and see what the market provides.
- #62,368
- Nov 20, 2013 10:28am Nov 20, 2013 10:28am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
UCHF - long. {image}
Whatever is obvious is obviously wrong!"
- #62,369
- Nov 20, 2013 10:35am Nov 20, 2013 10:35am
{quote} GM guys. Great analysis TAH, however I would like to write here my 2 cents and my vision about the EU. Right now, MMs are working trying to win some liquidity. Why? They know that the price is in a critical point and there is a lot of people with their eyes on it. Of course, MMs target is to try to shake out the price. Take a look at the image I attach. We had a 3 push uptrend, quite clear and after that we started a downtrend. Price behaviour is most of the time symmetrical and fractal so I'm expecting a 3 push downtrend. We had the first...
Crystal clear
To fail is just an opportunity to learn
- #62,370
- Nov 20, 2013 10:45am Nov 20, 2013 10:45am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #62,371
- Edited 11:16am Nov 20, 2013 10:49am | Edited 11:16am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} I want my told cha too
After all, just look at the DAY chart. What a perfect place to push the price back down to in order to stop out longs and suck in shorts,....all for liquidity for the MMs to add longs! And, the volume on this push down,.......well, it stinks! This smells like nothing more than the dirty rotten stinking big banks set buy orders down there, and the greedy lackey market makers obliged.
The low volume say a lot about this price manipulation! If this had been a genuine sell-off, the volume would have been far greater, and the volume would not have been greatest at the lows after the price push down, as it is in this case, confirmed on the M1 PVA chart!
- #62,373
- Nov 20, 2013 11:15am Nov 20, 2013 11:15am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #62,374
- Nov 20, 2013 11:17am Nov 20, 2013 11:17am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
UJ: This is a Classic short setup. {image}
I know the secret...
- #62,375
- Nov 20, 2013 11:20am Nov 20, 2013 11:20am
{quote} You don't get your "told cha" until we see how this really moves, whether this was genuine selling and it later progresses on down per your indications, or whether it was a liquidity creation drive so the MMs could add longs and it later progresses back up and further up. The MMs are not done screwing people here, yet.
And I agree, FOMC minutes will shake the price out probably with nice wicks and so on. I decided to close my shorts to open them again later. If I'm right I will get a better entry + secured profits and if I'm wrong well, then I will just have my profits banked
.
To fail is just an opportunity to learn
- #62,376
- Nov 20, 2013 11:26am Nov 20, 2013 11:26am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #62,378
- Edited 12:21pm Nov 20, 2013 11:41am | Edited 12:21pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
MM-s? Do they really target 6% of market called retailers? They must be really bored then. {image}
Why would you make the stupid assumption that they do? The big banks set orders so they can make profits. And the market makers try and fill them for commissions and for personal trading profits as they manipulate prices to fill the orders of the big banks.
I think your assumption is invalid. I don't know where you spend your time, but nobody here subscribes to that ridiculous idea!
Market moves are all about obtaining liquidity to build positions, and then about moving the price to profit by those positions. The big banks place the dominating orders where they want to build, and where they want to cash in. And the market makers work to make it happen as best they can. Retailers are just fodder for the grist mill. If they get sucked in, they get ground up just like everyone else.
Funny how you have mentioned your preoccupation with that crazy idea before, in some post of yours here. But, you only drop in occasionally. This was your last post, I think. In any case, your implied prediction did not work out so well, did it:
http://www.forexfactory.com/showthread.php?p=7089894#post7089894
I'd suggest, if you aspire to be a Sonicer, then join and stop these silly posts of yours. Otherwise, why do you bother to come here at all? Maybe you should just stick to those other threads you pop in and out of.
-tah
- #62,379
- Nov 20, 2013 11:48am Nov 20, 2013 11:48am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #62,380
- Nov 20, 2013 12:06pm Nov 20, 2013 12:06pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
