{quote} MMS buying again... {image}
{quote} MosesNMY, I'm not suggesting to trade it, but you might want to drop down to M1 to see what PVSRA is showing as well. Many times the MM intentions are easier to read/revealed on the M1 then on higher t/f's. Higher t/f's although preferred to trade/enter from for position traders, sometimes cloak what can be seen on M1, PVSRA. Regards,
{quote} great, obviously you are more a lot more intelligent than me, that makes sense.
Traders helping traders.......i saw heavy buying in the background,,,,correct me if i'm wrong....
{quote} allisonmagic, I wouldn't say more intelligent but just been around FX for awhile and "seen that and done that", as the saying goes. Thanks for the compliment anyway
{quote} What you see is heavy selling - a sell off - followed by closing of those shorts, i.e., buying to close at the lows. This means profit on shorts was taken. It does not mean the MMs have reloaded now long. They might, when the time comes, push up the price a bit to reload short again! -tah
Trading news releases only? Whats wrong with classic set ups? Many great classic examples are provided right here!{quote} MosesNMY There is the detailed PVSRA by TAH that you were looking for.
{quote} any classic i find is wrong.. i don't know what i'm doing wrong, maybe i just can't read it like you guys. i see a classic trade.. and it turns out to be garbage.. maybe something on a 1 or a 4h TF, some support or resistant areas or selling/buying pressure against my setup invalidates everything. every single time. so i gave up and started trading news only
Thanks Josh Allison. What you told me is true: " ...you'll know about 5 to 15 minutes before the release". And I got this but TP is really big homework for me to decide precisely.
{quote} allisonmagic, I don't know you, but just maybe your over analyzing! Sometimes the KISS method works..I can speak to this because I have suffered from analysis paralysis in the past
{quote} any classic i find is wrong.. i don't know what i'm doing wrong, maybe i just can't read it like you guys. i see a classic trade.. and it turns out to be garbage.. maybe something on a 1 or a 4h TF, some support or resistant areas or selling/buying pressure against my setup invalidates everything. every single time. so i gave up and started trading news only
-tah
{quote} allisonmagic, Okay, here is an example I am showing you. Not the best because it is not LS, but it might help you to understand.... 1. PA wave (not so good here, but you get the idea) 2. Dragon angled up (even better if crossing Trend) 3. PA above Dragon (no "early" entries, folks!) So, let's see how this works out. I do not want to stay in it too long because Asian session setups tend not to be all that good.
{quote} allisonmagic, Okay, here is an example I am showing you. Not the best because it is not LS, but it might help you to understand.... 1. PA wave (not so good here, but you get the idea) 2. Dragon angled up (even better if crossing Trend) 3. PA above Dragon (no "early" entries, folks!) So, let's see how this works out. I do not want to stay in it too long because Asian session setups tend not to be all that good.
{quote} TAH, Are you not concerned with quarter number dead ahead even though classic? Regards,
{quote} Yes, it is a concern. I am thinking the volume mentioned is a sign that the MMs do intend to run up the price ahead of the EUR release. We can never know how price will move. We look for proper setups, enter, and watch.....and hopefully the trade works out. And if it does not,.....also hopefully we react properly at the right time to exit. And, yes, I know that "hope" does not play a proper role.
{quote} TAH, May the powers above be with you my Son
