I opened short GBP/USD because MMs closesed SL shorts so and I shall follow ...
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- #74,302
- Jul 15, 2014 3:57am Jul 15, 2014 3:57am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Thanks traderathome. I'll try just one scalping. Sl and Tp shown in the figure, but if I see a sudden change, I close. {image}
- #74,304
- Jul 15, 2014 4:40am Jul 15, 2014 4:40am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,308
- Jul 15, 2014 4:59am Jul 15, 2014 4:59am
For the master bern. this trade
As you said trade it and feel it.. my gu entry and close
USD news be carefull today may go back again LOL :nerd:
As you said trade it and feel it.. my gu entry and close
USD news be carefull today may go back again LOL :nerd:
Build your own dreams, or someone else will hire you to build theirs.
- #74,309
- Edited 5:47am Jul 15, 2014 5:07am | Edited 5:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GBPUSD, Stop hunt, or (probably bullish continuation) GBPJPY trade report This pair, quite hard to trade since last of june. At the first impression, today's PA; many called it as Stop Hunt. I've different view. I look this as a bullish continuation. First, for all newcomer, READ about PVSRA section on first page. For all that watch this pair closely, GBPUSD react negatively (opposite the news result) on non farm. MM pushes and kept rehike the price, they encourage long. After that, slowly, MM shake this pair and hunt all weak long order stop. They...
This is going to be an interesting pair for some time to come. My outlook is still bearish and I do see this hike in price today as nothing more than the Robber Bank MMs being very bearish and coveting a quick move back to highs for resumption of short building. The move up can be considered a Stop Hunt on shorts and/or a sucking in of longs. Either way, it got the price quickly up and that is a sign the objective was higher prices to do ongoing trading at, not just massive buying. In fact, look at the Day chart and you can see that the volume on the move up today absolutely sucks!
This pair is in the Wyckoff Distribution Phase. The Robber Bank MMs are bears. The move up was not genuine buying, it was a quick manipulation of price to achieve a different objective,.....higher prices for ongoing trading! That means the MMs are bears. Just look at the M1 chart if you do not believe this! It clearly shows most of the activity associated with the move up was not for the move up, but for the trading AFTER the move up! Buy low, SELL HIGH! This is proof the Robber Bank MMs are bears, not accumulating longs but accumulating shorts.
Of course, and as is often repeated here, we cannot know how price will move next. The Robber Bank MMs do with the price what they want to. They only "heed" patterns, S&R (or demand/supply) levels as suits their objectives to trick others so they can get the liquidity they need to build their positions. Therefore, we do not know how long they will support the price, nor if they will take price up past previous highs while supporting it. This is their show. But we can clearly see that they are bears, and so the final act of this show is already known.
Don't waste your money on buying a ticket to the show now. Wait outside the theater for the MMs to conclude their final act, and then slip into their crowd when they go off to celebrate!
-tah
- #74,310
- Jul 15, 2014 6:00am Jul 15, 2014 6:00am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
GBPUSD, Stop hunt, or (probably bullish continuation) GBPJPY trade report This pair, quite hard to trade since last of june. At the first impression, today's PA; many called it as Stop Hunt. I've different view. I look this as a bullish continuation. First, for all newcomer, READ about PVSRA section on first page. For all that watch this pair closely, GBPUSD react negatively (opposite the news result) on non farm. MM pushes and kept rehike the price, they encourage long. After that, slowly, MM shake this pair and hunt all weak long order stop. They...
- #74,312
- Jul 15, 2014 7:02am Jul 15, 2014 7:02am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
XU classic long? I see also volumes in other tf. Correct me if wrong please.
Chart properties/Common/Chart on foreground should not be checked.
Tools/Options/Charts/Show trade levels should not be checked.
You need to use the SonicR Trade Levels indicator.
I strongly urge you to do your homework on this. You have not read the User Notes of the indicators as per Post #1. Your chart, and therefore your post, is out of compliance.
-tah
- #74,313
- Jul 15, 2014 7:07am Jul 15, 2014 7:07am
- Joined Sep 2013 | Status: Trade what you see... | 224 Posts
{quote} GBPUSD: This is going to be an interesting pair for some time to come. My outlook is still bearish and I do see this hike in price today as nothing more than the Robber Bank MMs being very bearish and coveting a quick move back to highs for resumption of short building. The move up can be considered a Stop Hunt on shorts and/or a sucking in of longs. Either way, it got the price quickly up and that is a sign the objective was higher prices to do ongoing trading at, not just massive buying. In fact, look at the Day chart and you can see that...
{quote} Sorry Gupito,but I'm not agree .For me it's look like bearish. MMs are manipulating ...But never know...!
-GP-
It's all started from page one
- #74,315
- Jul 15, 2014 7:17am Jul 15, 2014 7:17am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
This is fine? {image}
You can turn the pivots on/off per your own desire.Now, be sure when you post in the future that you also explain what is going on. Don't rely on the chart alone to speak your message. And you can move the closed trade PL label up/down so that any important PA is not obscured and viewers can have a better opportunity to understand quickly.
-tah
- #74,318
- Jul 15, 2014 8:32am Jul 15, 2014 8:32am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
GBPUSD, Stop hunt, or (probably bullish continuation) GBPJPY trade report This pair, quite hard to trade since last of june. At the first impression, today's PA; many called it as Stop Hunt. I've different view. I look this as a bullish continuation. First, for all newcomer, READ about PVSRA section on first page. For all that watch this pair closely, GBPUSD react negatively (opposite the news result) on non farm. MM pushes and kept rehike the price, they encourage long. After that, slowly, MM shake this pair and hunt all weak long order stop. They...
time will tell