No matter what will say. Smart Money do it what they want
- #72,383
- May 27, 2014 1:13am May 27, 2014 1:13am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} here is my TPi asked Instaforex they said the trade was valid
.. {image}
Whatever is obvious is obviously wrong!"
- #72,389
- Edited 2:55am May 27, 2014 2:23am | Edited 2:55am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} {quote} Dear Sir / Madam, We would like to inform that, today Monday 26 May between 19:00 hrs CET to 19:25 CET, our MT4 precious metal quotes had been streaming in incorrect prices for the following symbols : XAUUSD.FX, XAUUSD and XAUUSD.2. After our investigation it is confirmed the above mentioned symbols metals pricing are wrong as the pricing was not taken from our bank feeds. There fore we do not have the choice but have to nullify and void all precious metal trades deal done during this period. Sorry for the inconvenience cause . Thank...
".....metals pricing are wrong as the pricing was not taken from our bank feeds."
It is interesting because if the ECN pricing was not taken from the feeds of the banks that make up the ECN, where was it coming from/who was providing it? Moreover, what is disturbing is that the system even allows pricing to come from some place other than the liquidity providing banks that comprise the ECN!
.....the unmistakable scent of another rat in the wood pile. We all know that the pricing of gold is very highly manipulated. Did some ECN's ability to play shenanigans with prices just get mistakenly revealed to the public?
-tah
- #72,395
- Edited 3:32am May 27, 2014 3:15am | Edited 3:32am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,399
- Edited 5:44am May 27, 2014 4:19am | Edited 5:44am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} USDJPY: There is a high impact JPY release one day, nine hours from now. My guess (and that's all it is) is the MMs will push price back up for a Double Top sometime between Tuesday LS and Wednesday Asian session. As you can see, there are two possibilities. Frankly, if the MMs go for the upper one, they'll probably try to push the price up thru the half number while they are at it. If this happens, and is followed later with a Classic short setup, that could be a real good one to trade. The background here is that the YEN pairs are not so strong as before. Downside has been hesitant with frequent "support", but this could just be the MM's way of using time to close longs and build up greater short positions. Time will tell. With all the USD releases coming, a move up (to eventually create a Double Top) could fit nicely with the releases, head faking traders to go long which will assist the MMs in hiking the price and also in getting shorting liquidity on the way up. WARNING: Speculative. {image}
{quote} Thank you for your answers, Gupito and Tah. Gupito, I've read your pdf and adopted your knowledge, as I have read and read everything here. I am just trying to put "my thing" in it.
Here is a chart with an example of what I spoke of. It matters not if the down bars volume is greater than the up bars volume. This up/down action is for one of four reasons. In this case, and consistent with the basic premise of PVSRA, because the action is below the whole number the bulls have the vote, and because this is not the first such torpedo job, they are no longer closing shorts. They are opening longs. Simple (but not always so). This is how we need to do our PVSRA, and then we need to wait for a Classic setup that is in agreement.
Per my previous post, it does look like the MMs plan to push the price up, a head fake move to suck in longs for more shorting liquidity - even as they get the price higher and higher - up thru the whole number and maybe all the way to the next higher half number area. This bull drive to create liquidity for shorting could be a good Classic long trade.
-tah
P.S: Here is the setup.....
