Here is another trade.
15m volume scout?
15m volume scout?
Attached Image(s) (click to enlarge)
- #67,705
- Mar 21, 2014 5:43am Mar 21, 2014 5:43am
{quote} fxRobert can you give the reason? On the same position,I shorted. I want to study . *English is not my nactive language.
Today was good time for scalping GBPUSD i EURUSD like my USDJPY.
You be very careful EURUSD at the moment. Today Friday
- #67,707
- Mar 21, 2014 5:58am Mar 21, 2014 5:58am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
USDJPY scalp M1. I lovely this setup. {image} and Dragon was below
FXRobert,
Good Job
Seems that you have your scalping technique down pat and it works well for you. Keep It Simple
{quote} My attetion, but maybe add first order to early. Today was good time for scalping GBPUSD i EURUSD like my USDJPY. You be very careful EURUSD at the moment. Today Friday
I'm a dog chasing cars.
{quote} My attetion, but maybe add first order to early. Today was good time for scalping GBPUSD i EURUSD like my USDJPY. You be very careful EURUSD at the moment. Today Friday
Thank You very much.
Now I study the PVSRA.pdf(90page).
It is very hard with me because english is not my nactive.
- #67,718
- Mar 21, 2014 8:02am Mar 21, 2014 8:02am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
About The News
So recently I have have been examining price and its reaction to high impact news events and I can't stress enough that the data doesn't matter! It truly is the intent of the MM's that matters, as TAH always says. I still felt the need to put this to the test for myself and I would like to showcase this recent example with UCad. Many here proficient in PVSRA would have known full-well that UCad has been screaming bearish as the MM's were hiking price up on high/stopping volume to build short. We saw this occur at important S/R levels seen on the chart below. We also then saw a Classic short set-up occur as well signalling that the MM's may potentially be coming to an end of position building. Keeping all of this in mind, you need only to look at how the news came out and how prices reacted to understand the point. We could see MM's were bears building shorts at higher prices which is all that mattered in the end, while those who don't use PVSRA analysis, only would have seen a market that makes no sense to them. After all, the market is supposedly meant to react good to good news, and bad to bad news, right..
My final point is this, yes we can't know how price will move next, but we can know what MM's are, be it bulls or bears, and it really is no coincidence that news events often at times see big moves correspond to what position building the MM's have been engaging in. This has just been a recent lesson for me, but one I felt crucial to be able to grasp and share. I hope it may help and serve you as it has me
So recently I have have been examining price and its reaction to high impact news events and I can't stress enough that the data doesn't matter! It truly is the intent of the MM's that matters, as TAH always says. I still felt the need to put this to the test for myself and I would like to showcase this recent example with UCad. Many here proficient in PVSRA would have known full-well that UCad has been screaming bearish as the MM's were hiking price up on high/stopping volume to build short. We saw this occur at important S/R levels seen on the chart below. We also then saw a Classic short set-up occur as well signalling that the MM's may potentially be coming to an end of position building. Keeping all of this in mind, you need only to look at how the news came out and how prices reacted to understand the point. We could see MM's were bears building shorts at higher prices which is all that mattered in the end, while those who don't use PVSRA analysis, only would have seen a market that makes no sense to them. After all, the market is supposedly meant to react good to good news, and bad to bad news, right..
My final point is this, yes we can't know how price will move next, but we can know what MM's are, be it bulls or bears, and it really is no coincidence that news events often at times see big moves correspond to what position building the MM's have been engaging in. This has just been a recent lesson for me, but one I felt crucial to be able to grasp and share. I hope it may help and serve you as it has me
{quote} No. All indicators are only diversion to price action itself, so I won't be using those. I'm interested in pvsra volume analysis. Hopefully it's still okay to continue posting opinions on trades here?
I'm a dog chasing cars.