As predicted by you and Prof. Tah, GBP is dropping.
{quote} king8084, If you have not read everything in Post #1, and linked in Post #1, no wonder you are lost! That is the very first assignment you should have given yourself before asking even one question! Shame on you.
-tah
just one question, i strictly trade using the 4 hours...will PVSRA still work in this timeframe?
- #63,904
- Jan 9, 2014 1:59am Jan 9, 2014 1:59am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #63,907
- Edited 4:30am Jan 9, 2014 4:12am | Edited 4:30am
- | Joined Jan 2010 | Status: Trader | 623 Posts
{quote} .....setting a hard SL is just giving legal permission for the market makers, and even your own broker, to "steal" your money when your SL price is momentarily hit during a price move.....
the powers that be license to take whatever they want from traders.
How many times have you set a TP only to see the price almost reach it before turning
and running away in the other direction? In my case, too many times to count!
When we set a hard TP, does that also give the PTB another tool to use against us?
It seems like that would work in their favor the same as SL hunting does.
EDIT: upon further reading, I see Avenger999 addressed the same concern
- #63,910
- Jan 9, 2014 5:30am Jan 9, 2014 5:30am
- | Commercial User | Joined Mar 2008 | 9,075 Posts | Online Now
Seriously Bearish PB spotted.. Big news in 3 mins 
Trade with care..
Sonic
Inserted Video
Trade with care..
Sonic
- #63,911
- Jan 9, 2014 5:45am Jan 9, 2014 5:45am
- | Commercial User | Joined Mar 2008 | 9,075 Posts | Online Now
Seriously Bearish PB spotted.. Big news in 3 mins
And a nice classic setup is unfolding ....
Thank you and master TAH as well for this great system !!!
- #63,913
- Jan 9, 2014 9:31am Jan 9, 2014 9:31am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Prof Tah, after reading yr comment on SL, don't you think that setting TP, would make it harder for us to reach TP? If MM know your TP, and yr trade is moving in the right direction, and I assume that they can detect whether you have login to MT4 (therefore, assuming you're monitoring), I believe they will hold the price for as long as possible, from reaching yr tp, so that you will be frustrated and start thinking, price is not strong enough to reach yr TP, and will just manually close it. In this way, mm can build their position further....
-tah
- #63,914
- Jan 9, 2014 9:41am Jan 9, 2014 9:41am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU Comment
See, sometimes the news is neither grand nor grubby, just nondescript, just bland enough to piss off the Market Makers and cause a whipsaw where they can make money in both directions!
So, since the whipssaw was more bullish than bearish (price ended low for ongoing accumulation of long orders), should we consider the "bull run for profits" will be a bull swing up for 250+ pips or 300+ pips, instead of just 200?
-tah
See, sometimes the news is neither grand nor grubby, just nondescript, just bland enough to piss off the Market Makers and cause a whipsaw where they can make money in both directions!
So, since the whipssaw was more bullish than bearish (price ended low for ongoing accumulation of long orders), should we consider the "bull run for profits" will be a bull swing up for 250+ pips or 300+ pips, instead of just 200?
-tah
- #63,915
- Edited 11:18am Jan 9, 2014 10:01am | Edited 11:18am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GU Comment
The Market Makers still have not seriously whipped the price down to stop out longs, create liquidity, and fill their own additional long orders. What is the reason for the delay?
Well, it could be that there is coming a very nice bull run for profits, so nice that the MMs have decided to continue with the bullish scenario in order to capture more longs into the market first. They will become more fodder for the grist mill when the MMs whack the price, stop out longs, create liquidity, and fill their own additional long orders.
Market moves are for profit, but also market moves will not happen until the Market Makers have the stockpile of orders they can dispose of for profit into the market to fuel the next run, to accommodate the influx of orders when the next run gets underway. Such is the purpose of sudden spikes opposite what seems to be the market bias. They are by the MMs and for the purpose of accumulating more orders they will dispose of for profit once the run gets underway.
So far, the MMs have not executed another serious whack job on the price. It could simply be they want a bigger pool of longs in the market first, so when they whack the price there will be an opportunity to hit a greater number of stops on long orders. Whether or not they ever do whack the price nicely, just note that for now, and once again, the biggest M15 TF of activity was a bear bar strongly striking downwards and followed by a bull bar. This is consistent with the previous and continues to support the possibility that the MMs are bulls and that they are repeatedly snipping the price to accumulate more long orders. And if this is true, the fact that this latest activity is higher than the previous, that the MMs are content to accumulate long orders in this higher price range, only suggests that the bull run will be a nice one.
The bearish Rising Wedge on the DAY chart suggests that the price could continue upwards 6-8 weeks longer, rising 350-450 pips higher than the current price.
Time will tell,
-tah
The Market Makers still have not seriously whipped the price down to stop out longs, create liquidity, and fill their own additional long orders. What is the reason for the delay?
Well, it could be that there is coming a very nice bull run for profits, so nice that the MMs have decided to continue with the bullish scenario in order to capture more longs into the market first. They will become more fodder for the grist mill when the MMs whack the price, stop out longs, create liquidity, and fill their own additional long orders.
Market moves are for profit, but also market moves will not happen until the Market Makers have the stockpile of orders they can dispose of for profit into the market to fuel the next run, to accommodate the influx of orders when the next run gets underway. Such is the purpose of sudden spikes opposite what seems to be the market bias. They are by the MMs and for the purpose of accumulating more orders they will dispose of for profit once the run gets underway.
So far, the MMs have not executed another serious whack job on the price. It could simply be they want a bigger pool of longs in the market first, so when they whack the price there will be an opportunity to hit a greater number of stops on long orders. Whether or not they ever do whack the price nicely, just note that for now, and once again, the biggest M15 TF of activity was a bear bar strongly striking downwards and followed by a bull bar. This is consistent with the previous and continues to support the possibility that the MMs are bulls and that they are repeatedly snipping the price to accumulate more long orders. And if this is true, the fact that this latest activity is higher than the previous, that the MMs are content to accumulate long orders in this higher price range, only suggests that the bull run will be a nice one.
The bearish Rising Wedge on the DAY chart suggests that the price could continue upwards 6-8 weeks longer, rising 350-450 pips higher than the current price.
Time will tell,
-tah
- #63,916
- Jan 9, 2014 10:47am Jan 9, 2014 10:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AU Comment
H4 price action resembles the Wyckoff Accumlation Phase, complete with a "spring".
Ranging the price is what the Market Makers to when they are extracting themselves from a predominance of positions in a direction that they think is done with.
This chart shows ranging, ranging that resembles the "Accumulation" phase. In other words, the MMs whacked the price deep to set up the range, buying to close short orders as the last influx of herd shorters came to the party. Since then, the MMs have worked the price up and down, closing the last of their shorts and opening longs. The "spring", a run down towards the range lows followed by a spring back upwards marks the point at which the MMs have definitively gone bullish. Note that PA went below the half number SR and right back up, on very notable volume, which is a PVSRA indication the MMs are bulls.
Following the spring, note the MMs pushed the price above the previous range highs. This is a head fake designed to get longs into the market. Remember, price runs are for profit but they won't happen until the MMs have stored up enough positions to dispose of for profit during the run. It is always a matter of liquidity. The MMs cannot just accumulate long orders out of thin air. They must find others who willingly, or unwillingly, will take the "sell" side. By head faking the price upwards and sucking in longs, there are now more longs in the market that can be made to unwillingly take the "sell" side of the MMs accumulation of long orders. This is brought about by the MMs whacking the price to hit the stops on longs, forcing the longs to "sell" and thereby giving the MMs the liquidity they need to fill their own long orders, and at the lower prices too!
And that is what the declining PA following the head fake has been about. The MMs are stopping out longs and filling their own long orders.
How I See It,
-tah
H4 price action resembles the Wyckoff Accumlation Phase, complete with a "spring".
Ranging the price is what the Market Makers to when they are extracting themselves from a predominance of positions in a direction that they think is done with.
This chart shows ranging, ranging that resembles the "Accumulation" phase. In other words, the MMs whacked the price deep to set up the range, buying to close short orders as the last influx of herd shorters came to the party. Since then, the MMs have worked the price up and down, closing the last of their shorts and opening longs. The "spring", a run down towards the range lows followed by a spring back upwards marks the point at which the MMs have definitively gone bullish. Note that PA went below the half number SR and right back up, on very notable volume, which is a PVSRA indication the MMs are bulls.
Following the spring, note the MMs pushed the price above the previous range highs. This is a head fake designed to get longs into the market. Remember, price runs are for profit but they won't happen until the MMs have stored up enough positions to dispose of for profit during the run. It is always a matter of liquidity. The MMs cannot just accumulate long orders out of thin air. They must find others who willingly, or unwillingly, will take the "sell" side. By head faking the price upwards and sucking in longs, there are now more longs in the market that can be made to unwillingly take the "sell" side of the MMs accumulation of long orders. This is brought about by the MMs whacking the price to hit the stops on longs, forcing the longs to "sell" and thereby giving the MMs the liquidity they need to fill their own long orders, and at the lower prices too!
And that is what the declining PA following the head fake has been about. The MMs are stopping out longs and filling their own long orders.
How I See It,
-tah
- #63,917
- Jan 9, 2014 12:52pm Jan 9, 2014 12:52pm
AU Comment H4 price action resembles the Wyckoff Accumlation Phase, complete with a "spring". Ranging the price is what the Market Makers to when they are extracting themselves from a predominance of positions in a direction that they think is done with. This chart shows ranging, ranging that resembles the "Accumulation" phase. In other words, the MMs whacked the price deep to set up the range, buying to close short orders as the last influx of herd shorters came to the party. Since then, the MMs have worked the price up and down, closing the last...
- #63,918
- Jan 9, 2014 2:09pm Jan 9, 2014 2:09pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} I am with You.
Let's see what happens with the AUD medium impact release in just under two hours.
-tah
- #63,919
- Jan 9, 2014 2:45pm Jan 9, 2014 2:45pm
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} I am with You.
Whatever is obvious is obviously wrong!"
- #63,920
- Edited 7:01pm Jan 9, 2014 6:08pm | Edited 7:01pm
- | Joined May 2012 | Status: Trader | 50 Posts
EU Comment See, sometimes the news is neither grand nor grubby, just nondescript, just bland enough to piss off the Market Makers and cause a whipsaw where they can make money in both directions!
Anyway, since MMs is accumulating long on AU, EU & GU, it seems that USD is awaiting for a nasty sell-off? Could it be today, with the following high impact news (Singapore time):
5.30PM: Manufacturing Production m/m (GBP) (doubt this will do much, as UK is more service oriented, but u never know what the MMs going to do)
9.30PM: Non-Farm Employment Change (USD)
9.30PM: Unemployment Rate (USD)