UJ, quick scalp, late sloppy entry 102.600 area +17.5 (just got here been 
and missed good entry)
Cigarguy
and missed good entry)Cigarguy
Keep It Simple
- #74,821
- Edited 5:21am Aug 5, 2014 5:05am | Edited 5:21am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
- #74,826
- Aug 5, 2014 8:40am Aug 5, 2014 8:40am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,827
- Aug 5, 2014 9:13am Aug 5, 2014 9:13am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #74,828
- Aug 5, 2014 10:18am Aug 5, 2014 10:18am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,832
- Aug 5, 2014 6:37pm Aug 5, 2014 6:37pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,833
- Aug 5, 2014 6:45pm Aug 5, 2014 6:45pm
Entered NZD/USD Long scout after MM whipped price to 1/4 number on what I am reading as a stop hunt on long order.
I could be very very wrong, as is often the case, but I have been watching this pair for awhile waiting for good long entry position.
I could be very very wrong, as is often the case, but I have been watching this pair for awhile waiting for good long entry position.
- #74,834
- Edited 7:24pm Aug 5, 2014 7:04pm | Edited 7:24pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDUSD: Stop Hunt of Longs
Looks like the Robber Bank MMs just robbed folks of their long positions. You can see that in the bar preceding the tall one they whacked the price. This might have triggered pending shorts so the MMs could get liquidity to go long, and it might have hit the stops on open longs for more liquidity to go long. Next, on the tall bar, they ran the price up to trigger more pending long orders and to suck in live longs, and afterwards they really whacked the price to again stop out longs and trigger pending shorts for even more liquidity for them to go long. And, of course, all this whipping and whacking - over a 50ish pips range! - concludes leaving price at lows for on-going addition of longs by the Robber Banks. Sorry, but if some folks don't like me calling the big banks that make the market for spot forex currency trading names, too bad. These Robber Banks are greedy bastards that use whatever fiat money or credit it takes to corrupt the currency market and manipulate prices to steal from others.
On the positive side, their Stop Hunts are Scout opportunities for Sonicers and strong signals of future price direction.
Looks like the Robber Bank MMs just robbed folks of their long positions. You can see that in the bar preceding the tall one they whacked the price. This might have triggered pending shorts so the MMs could get liquidity to go long, and it might have hit the stops on open longs for more liquidity to go long. Next, on the tall bar, they ran the price up to trigger more pending long orders and to suck in live longs, and afterwards they really whacked the price to again stop out longs and trigger pending shorts for even more liquidity for them to go long. And, of course, all this whipping and whacking - over a 50ish pips range! - concludes leaving price at lows for on-going addition of longs by the Robber Banks. Sorry, but if some folks don't like me calling the big banks that make the market for spot forex currency trading names, too bad. These Robber Banks are greedy bastards that use whatever fiat money or credit it takes to corrupt the currency market and manipulate prices to steal from others.
On the positive side, their Stop Hunts are Scout opportunities for Sonicers and strong signals of future price direction.
- #74,835
- Aug 5, 2014 7:19pm Aug 5, 2014 7:19pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} Thx Leen for helping out with the explanation. My query will be as annotated on your chart. {image}
- #74,836
- Aug 5, 2014 7:37pm Aug 5, 2014 7:37pm
[quote=traderathome;7653329]NZDUSD: Stop Hunt of Longs Looks like the Robber Bank MMs just robbed folks of their long positions. You can see that in the bar preceding the tall one they whacked the price. This might have triggered pending shorts so the MMs could get liquidity to go long, and it might have hit the stops on open longs for more liquidity to go long. Next, on the tall bar, they ran the price up to trigger more pending long orders and to suck in live longs, and afterwards they really whacked the price to again stop out longs and trigger pending shorts for even more liquidity for them to go long. And, of course, all this whipping and whacking - over a 50ish pips range! - concludes leaving price at lows for on-going addition of longs by the Robber Banks. Sorry, but if some folks don't like me calling the big banks that make the market for spot forex currency trading names, too bad. These Robber Banks are greedy bastards that use whatever fiat money or credit it takes to corrupt the currency market and manipulate prices to steal from others. On the positive side, their Stop Hunts are Scout opportunities for Sonicers and strong signals of future price direction.
It's uncanny that is almost exactly what I meant to write in my post above, but umm.... I didn't
I believe we could use that post and apply it EUR/NZD but in the reverse.
It's uncanny that is almost exactly what I meant to write in my post above, but umm.... I didn't
I believe we could use that post and apply it EUR/NZD but in the reverse.
- #74,840
- Edited 3:47am Aug 6, 2014 3:34am | Edited 3:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
