from my point of view
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- #68,962
- Apr 15, 2014 7:45am Apr 15, 2014 7:45am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #68,964
- Apr 15, 2014 8:19am Apr 15, 2014 8:19am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #68,966
- Apr 15, 2014 8:52am Apr 15, 2014 8:52am
{quote} Something along those lines: http://www.theguardian.com/business/...-4pm-less-risk A step-by-step scenario 3:45pm An international client calls the foreign exchange desk of a bank to convert some of its US dollars into £600m of sterling. It asks if the trade can be settled at the market benchmark price – established at 4pm each day and dubbed by the markets as "the fix" or "the fixing". 3.48pm The trader immediately buys £50m for the bank's own trading account at the market price of 1.6000 dollars to...
Thanks so much, it's everything very clear!
- #68,967
- Edited 9:22am Apr 15, 2014 9:10am | Edited 9:22am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EURUSD,
IMO, good example of bear MM's aka tricksters, acting like bulls, putting on a bullish run up and tricking wrong sided longs to pivot & 200 EMA resistance area. Then building shorts at a better price, wacking price and grabbing stops on the way back down to the whole number. I look for more short building above whole number, but who knows how long?
My take anyway. Opposing opinions welcomed!
IMO, good example of bear MM's aka tricksters, acting like bulls, putting on a bullish run up and tricking wrong sided longs to pivot & 200 EMA resistance area. Then building shorts at a better price, wacking price and grabbing stops on the way back down to the whole number. I look for more short building above whole number, but who knows how long?
My take anyway. Opposing opinions welcomed! 
Keep It Simple
- #68,969
- Apr 15, 2014 9:41am Apr 15, 2014 9:41am
EURUSD, IMO, good example of bear MM's aka tricksters, acting like bulls, putting on a bullish run up and tricking wrong sided longs to pivot & 200 EMA resistance area. Then building shorts at a better price, wacking price and grabbing stops on the way back down to the whole number. I look for more short building above whole number, but who knows how long?
Help!
Check your emotions. How are you?
- #68,972
- Apr 15, 2014 10:27am Apr 15, 2014 10:27am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Every time I am more confused. If MMs can simulate being bulls, when bears are, how we will never know if they are or pretending not I? Help!
The best that I can offer to answer your question, is to refer you to the PDF "Understanding the market with PVSRA". (sorry I don't have the link) Also explained in many posts by TAH and others, is how MM's have a long term agenda and many times run the market in one direction short term to build shorts/longs and then put on a run for profits in the intended direction in the long term. Ie, in a accumulation or position building phase PA will range prior to the run in their intended direction. Many traders will trade these ranges thinking that they are in fact, the beginning of a new trend only to get caught wrong sided. TAH is far better at explaining than myself, so I suggest that you pose this question to him and thus you will get a much clearer explanation. I have been trading for years, but have recently added PVSRA to my method and still learning myself.
In every, so called long term trends, there are many trends on lower t/f's that can be traded and considered to be bullish or bearish. Keeping this in mind, trading with the trend can be subjective based on the t/f traded by each trader.
This is only my take and as always open for discussion or opposition.
Good Trading
Regards,
Cigarguy
Keep It Simple
- #68,974
- Apr 15, 2014 10:35am Apr 15, 2014 10:35am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #68,976
- Apr 15, 2014 10:52am Apr 15, 2014 10:52am
{quote} GJ - I see it bullish too. What I see is: There is a pin with very long wick and high volume. If the high volume had represented selling then how can this price close on the high? There had to be huge amount of buying. The next interesting part is this very high volume downbar, but what happen after that? Normal bar, much smaller than previous downbar but volume is almost the same high as on down bar. I see that below the whole number there, were lot of buying, price raised little bit and just before Lo closing they brought the price back...
Salutations loeil. Thanks for letting me know I'm not alone.
Check your emotions. How are you?
- #68,977
- Edited 11:21am Apr 15, 2014 11:00am | Edited 11:21am
{quote} GJ - I see it bullish too. What I see is: There is a pin with very long wick and high volume. If the high volume had represented selling then how can this price close on the high? There had to be huge amount of buying. The next interesting part is this very high volume downbar, but what happen after that? Normal bar, much smaller than previous downbar but volume is almost the same high as on down bar. I see that below the whole number there, were lot of buying, price raised little bit and just before Lo closing they brought the price back...
I agree with loeil but last action (last red rectangle is very sell. What happend next ? )
White rectangle for me action buy. Why? I look next candle. Nice action reverse. First candle down and next up with volumen.
Red candle for me sell. Why? I look next candle. Nice action reverse. First candle up and next candle down with nice volumen.
- #68,980
- Apr 15, 2014 11:47am Apr 15, 2014 11:47am
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts
{quote} You have been so kind and gave me such a useful information, Mingary. Thanks so much, it's everything very clear!
Just notice.
1) it's a day to day operation.
2) The bank is exposed to market risk.
3) There is temporary collusion between banks when beneficial.
4) there is no driving price up or down for days and weeks by the banks as taught in this thread. That is simply ridiculous.