{quote} Cryptic, but right on!
we have to stay humble
- #70,101
- Apr 30, 2014 3:46pm Apr 30, 2014 3:46pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
we have to stay humble
- #70,102
- Apr 30, 2014 3:49pm Apr 30, 2014 3:49pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} don't be scared.
I hope you don't mind, but I appended the words inadvertently dropped......
don't be scared.........be TERRIFIED!
- #70,103
- Apr 30, 2014 3:52pm Apr 30, 2014 3:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Can I tell you a very short story? Yeah? For all friends. Here goes: There once was a man who always said: "It's going to rain, it will rain" ...... .................................................. .................................... And it rained. The end.
- #70,105
- Apr 30, 2014 4:04pm Apr 30, 2014 4:04pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
{quote} allisonmagic, I appended the words inadvertently dropped...... don't be scared.........be TERRIFIED!
do you guys really think their going to buy at these high prices ? looks to me like they've been building it higher and higher, supporting price, and taking profits gradually at the highs. more recent highs being around 173 and taking profits.. notice how price isn't breaking 173 like before. also notice on the 4h there are a good amount of doji's. price is slowing down at these highs
if it were me, i'd be selling at these high prices
- #70,107
- Apr 30, 2014 4:17pm Apr 30, 2014 4:17pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} do you guys really think their going to buy at these high prices ? looks to me like they've been building it higher and higher, supporting price, and taking profits gradually at the highs. more recent highs being around 173 and taking profits.. notice how price isn't breaking 173 like before. also notice on the 4h there are a good amount of doji's. price is slowing down at these highs if it were me, i'd be selling at these high prices {image}
You are right, allisonmagic.
I just put in a sell order. My broker called and said there isn't anything left up there to sell, and even if there was, the MMs have first dibs on it!
- #70,108
- Apr 30, 2014 4:19pm Apr 30, 2014 4:19pm
{quote} do you guys really think their going to buy at these high prices ? looks to me like they've been building it higher and higher, supporting price, and taking profits gradually at the highs. more recent highs being around 173 and taking profits.. notice how price isn't breaking 173 like before. also notice on the 4h there are a good amount of doji's. price is slowing down at these highs if it were me, i'd be selling at these high prices {image}
Check your emotions. How are you?
Further evidence MMs remain AUD/USD bears On Monday, we saw MMs take the price briefly above the whole number .93 before a new run for profits by MM bears kicked in. If one drills down to the 1-minute timeframe, it becomes unambiguously obvious that the volume bar related to the 0.9325 retest 'stands out' against any other, suggesting MMs remain bears reinstating positions above key S&R levels, and that the early drive up seen in Monday Europe was a way of deceiving longs buying on the breakout of .93, with MM bears having a chance to load up with...
I hope this analysis can be of use to all Sonicers. Note I have been diligently studying the subject for quite some time now before breaking the ice and start posting, so I hope you can find in the following comments enough substance to help on your trading.
On my last post, quoted above, I mentioned that the MMs had been recently bears looking for higher prices to sell into... as of now, I believe we are in a transition of exchanging the AUD chips, with bears closing shorts and starting to re-open longs.. I might be wrong, but that's at least what PVSA is starting to suggest. Some tentative evidence that MMs were starting to open longs below the half .9250 number was given on April 29th.. see pict
Ever since, I believe what we've seen is what professor TAH refers as "Whippin' Whacking" action with the decline on Wednesday an opportunity to close additional shorts (now most may have been closed since the run from .94+ to .9250 was not a lengthy one) and open new longs. see chart
On a more technical note - I will be brief since this is a bit off topic - , note that the recent action by MMs has led to the possible formation of an inverted H&S, all within the context of a downtrend channel. Price should now break above .93 and .9325 to provide further clues on the next direction.... so pay close attention to volume levels (PVSA) should this scenario unfold. see chart
As I said at the start of the post, I may be wrong on my interpretation, but for now this is my take on the AUD market.
Many pips to all!
- #70,112
- Apr 30, 2014 4:34pm Apr 30, 2014 4:34pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
{quote} GBPJPY: You are right, allisonmagic. I just put in a sell order. My broker called and said there isn't anything left up there to sell, and even if there was, the MMs have first dibs on it!
- #70,113
- Apr 30, 2014 4:34pm Apr 30, 2014 4:34pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} I'm not saying it's going to be the case here but may have higher prices, why not?
I'm as terrified as that day. Someday it will rain. Sure. {image} {image} {image}
We just do that to while away the time until a valid Classic setup occurs.
- #70,114
- Edited 5:05pm Apr 30, 2014 4:54pm | Edited 5:05pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GBPJPY:
Gee, look at that notable volume as the MM's shorting overwhelms the queue above the half number Level! Surprise, surprise. 
And now look how those very same deceiving & thieving MMs whipped the price right back up the queue to stop out the new shorts that just came in, and to trigger suckered pending long orders! Surprise, surprise. 
Gee, look at that notable volume as the MM's shorting overwhelms the queue above the half number Level! Surprise, surprise.
And now look how those very same deceiving & thieving MMs whipped the price right back up the queue to stop out the new shorts that just came in, and to trigger suckered pending long orders! Surprise, surprise.
- #70,116
- Apr 30, 2014 6:08pm Apr 30, 2014 6:08pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #70,117
- Apr 30, 2014 6:09pm Apr 30, 2014 6:09pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
GBPJPY: Gee, look at that notable volume as the MM's shorting overwhelms the queue above the half number Level! Surprise, surprise. And now look how those very same deceiving & thieving MMs whipped the price right back up the queue to stop out the new shorts that just came in, and to trigger suckered pending long orders! Surprise, surprise.
I wouldn't be surprised if we saw a final F%*# You to the bulls before the GBP data at the LS
Devious MMs will give us a signal just before a high impact release
- #70,118
- Apr 30, 2014 6:47pm Apr 30, 2014 6:47pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} I wouldn't be surprised if we saw a final F%*# You to the bulls before the GBP data at the LS
It is just too bad that I can't call up my corrupt liquidity providing Bank and have them tell me where they've placed their final sell orders that they will manipulate the price up to execute before pulling the rug out from under the price.
- #70,119
- Apr 30, 2014 6:59pm Apr 30, 2014 6:59pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} Gee, never thought of that......guess I'd better squish my chart down so that I don't miss a single centimeter of that fickle finger!
Not to mention, considering where GBPJPY is if I was an MM I sure would like to see it break out for a visit up to 174+ for more shorting. Time will tell
- #70,120
- Apr 30, 2014 7:01pm Apr 30, 2014 7:01pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
{quote} Gee, never thought of that......guess I'd better squish my chart down so that I don't miss a single centimeter of that fickle finger!