UJ, and now the MM's start their ranging above the whole number 102.000 again. Will recent history repeat itself. IMO worth watching! (brought M1 in tight for visual only){image}
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- #70,522
- May 5, 2014 11:08am May 5, 2014 11:08am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #70,523
- May 5, 2014 11:16am May 5, 2014 11:16am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote}Compares GJ {image}
Did you notice the H1 wick at the low with the buying volume on the next candle running price above the whole number? But its Monday and early in the week
Regards,
Cigarguy
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- #70,525
- May 5, 2014 11:22am May 5, 2014 11:22am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ: We do see a nice PA wave for a Classic long. The bull move Friday (NFP) could have been loading longs or profit taking on longs, or both. Regardless, the MMs quickly brought price below whole number again, where today looks like long accumulation off the lows with repeated return of price to lows for more of the same. So, this appears bullish. Lets see what happens from this point when the next Asian session gets underway. However, what are the odds of USD remaining as is, or weakening again? What are the odds of YEN remaining as is, or weakening...
I am watching that as well and M1 but for now just ranging
Keep It Simple
- #70,526
- May 5, 2014 11:27am May 5, 2014 11:27am
{quote} Repsaj, Did you notice the H1 wick at the low with the buying volume on the next candle running price above the whole number? But its Monday and early in the week
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- #70,527
- May 5, 2014 11:31am May 5, 2014 11:31am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Yes, cigarguy. But I compared candle to candle and volume range / volume relationship candles and leads me to the conclusion that it is more likely to slow further. I can be wrong.
We shall see brother. It's early in the week and you very well could be right. You're much better at higher t/f analysis than me. That H1 candle just jumped out!
Regards,
Cigarguy
Keep It Simple
- #70,528
- May 5, 2014 11:38am May 5, 2014 11:38am
{quote} Repsaj, We shall see brother. It's early in the week and you very well could be right. You're much better at higher t/f analysis than me. That H1 candle just jumped out at me!
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- #70,529
- May 5, 2014 11:39am May 5, 2014 11:39am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AUDUSD:
Sonicers,
Have you noticed the gaps on M1?
If you look at M30 you can see the ranging price. Friday (NFP) we have that spike down and back up, which could well have been short selling and closing same for profits, and then the MMs quickly establishing the price back up into the range. The thing is, as today neared the close of the LS, and the MMs were in the process of hiking the price back to highs of the range, there appeared here and there some price gaps visible on M1.
This is to be taken note of. It means the MMs were driving price up thru areas of no orders on the queue in order to get to liquidity higher up. Since there has recently been no serious long accumulation at prices sufficiently lower for the MMs to be seeking higher prices this near the close of the LS in order to close longs for profit, it is obvious the MMs were seeking liquidity for shorting. This would be from pending long orders from those figuring if the price again approached the 3/4 level, it was time to enter long. The MMs manipulated the price up to trigger those pending long orders, taking the short side of them!
This is speculative, but based on PVSRA. I therefore consider this pair to be bearish.
-tah
Sonicers,
Have you noticed the gaps on M1?
If you look at M30 you can see the ranging price. Friday (NFP) we have that spike down and back up, which could well have been short selling and closing same for profits, and then the MMs quickly establishing the price back up into the range. The thing is, as today neared the close of the LS, and the MMs were in the process of hiking the price back to highs of the range, there appeared here and there some price gaps visible on M1.
This is to be taken note of. It means the MMs were driving price up thru areas of no orders on the queue in order to get to liquidity higher up. Since there has recently been no serious long accumulation at prices sufficiently lower for the MMs to be seeking higher prices this near the close of the LS in order to close longs for profit, it is obvious the MMs were seeking liquidity for shorting. This would be from pending long orders from those figuring if the price again approached the 3/4 level, it was time to enter long. The MMs manipulated the price up to trigger those pending long orders, taking the short side of them!
This is speculative, but based on PVSRA. I therefore consider this pair to be bearish.
-tah
- #70,530
- Edited 1:10pm May 5, 2014 11:42am | Edited 1:10pm
{quote} My opinion is that we're facing deeper "correction" atleast. Could be wrong, cause nothing is sure, but this is my trade{image}
Hopefully your trades did better, what is your opinion now? if there will be HaS pattern this could be the shoulder, well we will see maybe it will continou to new highs
Its a good felling when you are right, i just need to learn how make a money from that
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- #70,532
- May 5, 2014 11:57am May 5, 2014 11:57am
- | Commercial User | Joined Aug 2013 | 2,935 Posts
{quote} Yes, cigarguy. But I compared candle to candle and volume range / volume relationship candles and leads me to the conclusion that there are more chances that these pairs continue to fall. I can be wrong.
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- #70,533
- May 5, 2014 11:59am May 5, 2014 11:59am
{quote} Jojojo22 said: "But if u know the mms are bears and you are bull Like Repsaj better be carefull when they start run for profit..." Jojojo22, I answered mima, who I saw another possible wave lower (and so it happened as shown in the chart) . And also I said to mima that he had prudence because it was in an area of significant support. I also said that I seemed to see signs of accumulation in TF M15. But if I did not talk or bull or bear. I must confess that my feeling for this pair is bullish, but still had not written anywhere....
I'm still waiting for an explanation
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- #70,534
- May 5, 2014 11:59am May 5, 2014 11:59am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
PVSRA: GBPJPY, Bulls or Bears?
This DAY chart is incredibly bearish,.....a Double Top, and achieved by an extremely bearish hammer candle that more often then not represents the MMs ramming the price up, closing their longs into the buying momentum they create. And, as we know from PVSRA, they probably not only closed their longs, but used the price area above the whole number to switch to shorts.
-tah
This DAY chart is incredibly bearish,.....a Double Top, and achieved by an extremely bearish hammer candle that more often then not represents the MMs ramming the price up, closing their longs into the buying momentum they create. And, as we know from PVSRA, they probably not only closed their longs, but used the price area above the whole number to switch to shorts.
-tah
- #70,536
- May 5, 2014 12:04pm May 5, 2014 12:04pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Did you close short or u still add more.. well i was right.. they were building longs.. an there was nice resistance which works on h4 unfortunatelly i closed my long in loss cause of small account and cant afford a big drawdown.
Your post is in violation of our sensible rules. Every post must in some way clearly identify the subject pair. Please edit your post to comply.
-tah
- #70,537
- May 5, 2014 12:07pm May 5, 2014 12:07pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #70,538
- May 5, 2014 12:36pm May 5, 2014 12:36pm
PVSRA: GBPJPY, Bulls or Bears? This DAY chart is incredibly bearish,.....a Double Top, and achieved by an extremely bearish hammer candle that more often then not represents the MMs ramming the price up, closing their longs into the buying momentum they create. And, as we know from PVSRA, they probably not only closed their longs, but used the price area above the whole number to switch to shorts.
Entries in the wicks over and over **PVSRA rules!
- #70,539
- May 5, 2014 12:48pm May 5, 2014 12:48pm
- | Commercial User | Joined Aug 2013 | 2,935 Posts
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