aussie long
- #74,942
- Aug 12, 2014 4:13am Aug 12, 2014 4:13am
{quote} slimypips, Sonic used it for a while, but not recently. It is okay, just unnecessary. If a PA wave is not easy to discern with the naked eye then probably it is not a PA wave we should much count on as part of, and support for a Classic setup. The obvious, smooth PA waves tend to better forecast moves with "staying" power. Other PA waves that are squished together, or ragged with a lot of uneven up/down action on the legs reflects MMs price manipulation, which can also mean that all the price is going to do is a head fake "breakout" or just...
On another note NZD/USD I am still feeling bullish on this pair even while London MM's drove the price down further it gives US MM's opportunity to make Double-Bottom on H4 Chart. Then again US MM's do not practice the habit of being predictable or enjoy making it easy for others to make money, and so RDL is also not out of the question.
- #74,944
- Aug 12, 2014 5:09am Aug 12, 2014 5:09am
- | Joined Jun 2014 | Status: Lord of the rings ?? | 277 Posts
EURUSD M15 Well , it can be premature judgement but still worth to look at it{image}
People wont learn to post analysis in forums not "I think its down/up!"
- #74,945
- Aug 12, 2014 5:41am Aug 12, 2014 5:41am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
i holding long GU{image}
- #74,946
- Aug 12, 2014 6:37am Aug 12, 2014 6:37am
{quote} Well spottedI'm holding my longs too for 3 weeks now and looking target area somewhere at 1.3500-1.3525.
{quote} same here, holding it now from last 3 weeks. -487 pips down, but will not let it go so easily
Trading is not easy
- #74,950
- Aug 12, 2014 6:23pm Aug 12, 2014 6:23pm
NZDUSD ripe for picking? I took early bus yesterday, move SL to 0.8425 (got hit though). I think this baby is ripe for Robber baron to harvest. Notice how this one operate on asian session to take over traders long positions. I still think the robber baron would like to push it lower to coax more long, before profit run. What do you think guys? {image} {image}
Lets wait and see!
YOUR MOTHERS ASS
- #74,951
- Aug 12, 2014 6:59pm Aug 12, 2014 6:59pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,952
- Aug 12, 2014 7:15pm Aug 12, 2014 7:15pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
{quote} not late fo long pound {image}
BOE Inflation Report: Wednesday, 9:30. Analysts play close attention the Inflation Report, which contains the BOE’s forecasts for inflation and economic growth over the next two years. Stronger growth and inflation levels can lead to higher interest rates, which is bullish for the pound. BOE Governor Mark Carney will host a press conference about the Inflation Report.
- #74,953
- Aug 12, 2014 7:18pm Aug 12, 2014 7:18pm
Can anyone tell me if I am reading Volume exhaustion correctly, or at least its concept. When looking at USDCAD on H1 I see volume increasing as PA is driven down and decrease volume with PA up. For example I read that MM is still Bull.
I also threw on a generic trendline as to what I interpret as MM hunting out longs. I'm not currently trading this pair, but trying to understand another concept to add to my arsenal.
I also threw on a generic trendline as to what I interpret as MM hunting out longs. I'm not currently trading this pair, but trying to understand another concept to add to my arsenal.
- #74,954
- Aug 12, 2014 7:29pm Aug 12, 2014 7:29pm
{quote} Kecoa, This is my opinion.. Lets wait and see!
- #74,955
- Edited 11:08pm Aug 12, 2014 10:43pm | Edited 11:08pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,956
- Aug 12, 2014 11:11pm Aug 12, 2014 11:11pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
aussie long {image}
- #74,957
- Aug 13, 2014 12:05am Aug 13, 2014 12:05am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AUDUSD:
Sonicers,
Day chart
Shows signs of weakening, and possibly transitioning from Wyckoff Distribution phase to our Bear Run for Profits phase. 
Hourly chart
I see this as bear MMs pumping the price back up, coaxing in longs for liquidity for their shorting. I am watching to see if price comes to some FR % level, stalls and is followed by very notable volumes. This would be a clue the MMs are bears and have pumped the price to coax in longs so the MMs could build their short positions. This could be followed by the bear MMs supporting the price while continuing to build short until they are ready start running the price back down. And running the price back down could be preceded by a Stop Hunt on shorts. There are still releases coming this week which the MMs could use as timing for parts of their bear strategies. 
Sonicers,
Day chart
Shows signs of weakening, and possibly transitioning from Wyckoff Distribution phase to our Bear Run for Profits phase.
Hourly chart
I see this as bear MMs pumping the price back up, coaxing in longs for liquidity for their shorting. I am watching to see if price comes to some FR % level, stalls and is followed by very notable volumes. This would be a clue the MMs are bears and have pumped the price to coax in longs so the MMs could build their short positions. This could be followed by the bear MMs supporting the price while continuing to build short until they are ready start running the price back down. And running the price back down could be preceded by a Stop Hunt on shorts. There are still releases coming this week which the MMs could use as timing for parts of their bear strategies.
- #74,960
- Edited 12:50am Aug 13, 2014 12:39am | Edited 12:50am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Help reading GBPAUD I´m trying to determine if they are accumulating long or short orders. Most of the activity was being held above round number. Circle 1 shows high activity on tops. Recently they dropped below round number and is showing high activity at the bottoms, circles 2 and 3. Am I missing other clues for determining if this is accumulation for long or shorts? Thank you for your comments GEM {image}
H4 shows they pushed the price below a whole number, traded heavily (loaded up with longs), and continued buying which caused price to go right back up. And this last move down looks like a Stop Hunt on longs as well as another grab for longs below a whole number.
