I saw an increase of Red Volume bars and then a predominance of them later, and price had spiked up above the half number numerous times. Entered a couple of scouts and viola!{image}
- #74,844
- Aug 6, 2014 5:02am Aug 6, 2014 5:02am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,846
- Edited 7:11am Aug 6, 2014 5:57am | Edited 7:11am
Aud/USD:
What's so special about the Whole number that keeps MM running back to her. And today of all days before her big employment data?
Maybe loading up on some longs
When I read H1 I see highest volume happening just below whole number, but I'm also illiterate.
Edit with Follow up. M15 shows that Classic Long set up I read about in Post#1...
What's so special about the Whole number that keeps MM running back to her. And today of all days before her big employment data?
Maybe loading up on some longs
When I read H1 I see highest volume happening just below whole number, but I'm also illiterate.
Edit with Follow up. M15 shows that Classic Long set up I read about in Post#1...
- #74,847
- Aug 6, 2014 6:06am Aug 6, 2014 6:06am
[quote=slimypips;7653372][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.
Nice looking Classic Short has formed since last nights shenanigans..
PA and TL not pointed down on M15 with PA below and good volume.
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.Nice looking Classic Short has formed since last nights shenanigans..
PA and TL not pointed down on M15 with PA below and good volume.
On this occasion there was a fairly hefty move up with a serious Climax candle indicating possible imminent exhaustion and the RDH fast approaching, offering resistance. I took these factors as my queue to open some scouts to go short: 
- #74,849
- Aug 6, 2014 7:43am Aug 6, 2014 7:43am
- | Commercial User | Joined Mar 2008 | 9,069 Posts | Online Now
- #74,856
- Edited 4:40pm Aug 6, 2014 4:21pm | Edited 4:40pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,857
- Aug 6, 2014 5:05pm Aug 6, 2014 5:05pm
[quote=traderathome;7656252]{quote} Comment AUDUSD: What is Trade Management Really About? Sonicers, Of late, we have been talking about Stop Hunts, to wait for the Stop Hunt. Because we cannot know how price will move next, we cannot know if there will be that Stop Hunt we are waiting for. So, should we really wait? And if there is a Stop Hunt, will it be the only one? And let me add to this confusion. What about simple, but possibly also significant, pullbacks manipulated by the Robber Banks to increase their positions before running the price to make their profits? All of this comes to a simple fact about the market, which is that the Robber Bank MMs will manipulate price however they want to. Except for intervention by central banks, the Robber Bank MMs completely control market prices. They can support price in the face of commercial selling. They can hold down price in the face of commercial buying. They keep price where they want it until they themselves are positioned to profit from a planned move away from the current price area. What does all of this mean to us? Is there anyway we can benefit from understanding all of this? Lets take another look at AUDUSD and see what happened, because in seeing what happened we can increase our awareness of the strategies used by the Robber Banks and factor them into our trade management. Study the attached annotated chart. I think you will see the point to all of this. Just because there is a setup, price will not simply move up or down at our convenience. Price moves up and down at the convenience of the Robber Banks, not us! We have to understand what they do and factor those possibilities into how we manage any trade we enter. Remember this statement you should have come across before, if you have done your homework. When we are in a trade and price moves against us, we need to know from our PVSRA and our account liquidity if it is an opportunity to "hold, fold or add"!
Now a follow up question, which is purely speculation. But, if we're assuming MM's were Bulls should this latest after hours move concern us. Sure it was great to see the rise in PA, but now zooming out to H4 we see a wick nearly 25 pips long. I entered long last night after what I interrupted as a Stop hunt on longs, but now I see concerns today's move could be stopping volume on what we see in H4 is still a Bear run.
Now a follow up question, which is purely speculation. But, if we're assuming MM's were Bulls should this latest after hours move concern us. Sure it was great to see the rise in PA, but now zooming out to H4 we see a wick nearly 25 pips long. I entered long last night after what I interrupted as a Stop hunt on longs, but now I see concerns today's move could be stopping volume on what we see in H4 is still a Bear run.
- #74,858
- Edited 7:52pm Aug 6, 2014 7:38pm | Edited 7:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Comment AUDUSD: What is Trade Management Really About? Sonicers, Of late, we have been talking about Stop Hunts, to wait for the Stop Hunt. Because we cannot know how price will move next, we cannot know if there will be that Stop Hunt we are waiting for. So, should we really wait? And if there is a Stop Hunt, will it be the only one? And let me add to this confusion. What about simple, but possibly also significant, pullbacks manipulated by the Robber Banks to increase their positions before running the price to make their profits? All of this comes to a simple fact about the market, which is that the Robber Bank MMs will manipulate price however they want to. Except for intervention by central banks, the Robber Bank MMs completely control market prices. They can support price in the face of commercial selling. They can hold down price in the face of commercial buying. They keep price where they want it until they themselves are positioned to profit from a planned move away from the current price area. What does all of this mean to us? Is there anyway we can benefit from understanding all of this? Lets take another look at AUDUSD and see what happened, because in seeing what happened we can increase our awareness of the strategies used by the Robber Banks and factor them into our trade management. Study the attached annotated chart. I think you will see the point to all of this. Just because there is a setup, price will not simply move up or down at our convenience. Price moves up and down at the convenience of the Robber Banks, not us! We have to understand what they do and factor those possibilities into how we manage any trade we enter. Remember this statement you should have come across before, if you have done your homework. When we are in a trade and price moves against us, we need to know from our PVSRA and our account liquidity if it is an opportunity to "hold, fold or add"! {image}
Now a follow up question, which is purely speculation. But, if we're assuming MM's were Bulls should this latest after hours move concern us. Sure it was great to see the rise in PA, but now zooming out to H4 we see a wick nearly 25 pips long. I entered long last night after what I interrupted as a Stop hunt on longs, but now I see concerns today's move could be stopping volume on what we see in H4 is still a Bear run..
We have perhaps the start of an upwards channel. And, yes, the next move might be a retrace in the uptrend. Or, is this last move up a retrace in a longer established down trend? Analysis paralysis? As Master Sonicdeejay says, "Let the Dragon and PA show the way." Up and down moves are the nature of the market. They are manufactured by the Robber Banks and what enables the Robber Banks to make their profits. We must not let undue concern set in over them. If we cannot come to peace with them we should not be traders. We must learn to broaden our assessments to recognize more of the possibilities for them, and have our plan mapped out that accommodates them and what we will do about it - Hold, Fold or Add - if any of them happen. This is what it means to be a trader.
In support of the idea that the next move might not be down, but might be a continuation upwards, note the Day chart is trending up.........
- #74,860
- Aug 7, 2014 12:17am Aug 7, 2014 12:17am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
My risk management consists of up to 20 entry points totalling no more than 5% risk on any one trade:{image}{image}
Money management Is most important part of trading !