All notes on the pic {image}
- #77,723
- Nov 24, 2014 8:58am Nov 24, 2014 8:58am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} GBPUSD Long Trade Closed: Manually closed for gain of 8.6 pips each, 86 pips total. As with NJ, PA is sluggish due to position building. Because the US MMs might build here or at lower prices, I decided to take profit and wait and see. {image}
- #77,726
- Edited 10:09am Nov 24, 2014 9:40am | Edited 10:09am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDUSD Long Trade Open:
M5 Scout entry. No TP/SL at this time.
This was not yet a M5 classic long setup at entry. Now it is. In fact, we can see the Robber Bank MMs whacked the price immediately after the setup breakout. They are stop hunting longs - stealing via price manipulation - in order to build larger their own long positions. Today, the MS1 area is popular for the accumulation of longs by the MMs. However it is not far above the half number. They have already take price below MS1 almost to the half number. They might take it below the half number, especially if they drag out their accumulation of longs into tomorrow. We can never know. 
Here is how I see it, the Robber Bank MMs at work, stealing and deceiving.... 
M5 Scout entry. No TP/SL at this time.
This was not yet a M5 classic long setup at entry. Now it is. In fact, we can see the Robber Bank MMs whacked the price immediately after the setup breakout. They are stop hunting longs - stealing via price manipulation - in order to build larger their own long positions. Today, the MS1 area is popular for the accumulation of longs by the MMs. However it is not far above the half number. They have already take price below MS1 almost to the half number. They might take it below the half number, especially if they drag out their accumulation of longs into tomorrow. We can never know.
Here is how I see it, the Robber Bank MMs at work, stealing and deceiving....
- #77,727
- Nov 24, 2014 10:23am Nov 24, 2014 10:23am
EU Long open: Scout Entries. PA drops 2x below whole number & Red candle follows by blue and green. {image}
closed for total + 77 pips. End of LS, PA was quite flat today, no much action. close for today lets see what AS MM do.
- #77,728
- Nov 24, 2014 10:30am Nov 24, 2014 10:30am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDJPY: Liquidity Creation Coming?
First off, I have a long trade running on this.
This ranging is being dragged out. It could be a sign the Robber Bank MMs are coaxing in as many long traders as possible, getting them to spend their wad up here. So later, these thieves might whack the price back to the lower range, maybe even more dramatically lower. If they do this after dragging out the time in the upper range, they might figure their stop hunt will be more effective because everyone spent their wad up in that range and are less likely to take advantage of new, lower prices, as well as that they will be more susceptible to margin calls that could net these thieves even more money.
Let's see what happens.
First off, I have a long trade running on this.
This ranging is being dragged out. It could be a sign the Robber Bank MMs are coaxing in as many long traders as possible, getting them to spend their wad up here. So later, these thieves might whack the price back to the lower range, maybe even more dramatically lower. If they do this after dragging out the time in the upper range, they might figure their stop hunt will be more effective because everyone spent their wad up in that range and are less likely to take advantage of new, lower prices, as well as that they will be more susceptible to margin calls that could net these thieves even more money.
Let's see what happens.
- #77,729
- Edited 11:53am Nov 24, 2014 11:42am | Edited 11:53am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #77,730
- Edited 1:34pm Nov 24, 2014 12:30pm | Edited 1:34pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #77,731
- Edited 9:12pm Nov 24, 2014 1:49pm | Edited 9:12pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EURUSD Long Trade Open:
Scout entry. No TP/SL at this time.
The entire day has been a succession of higher highs and higher lows. At the tail end of the LS, the MMs worked the price down, which looks like nothing more than a retrace to achieve lower prices for resumed buying. In after hours the MMs activity raised the price, which is probably testimony to their buying. Now the price, having moved up thru previous resistance, has made a very minor retrace back to this resistance area. This seems bullish to me, especially since all this is happening below a half number, where MMs prefer to build long. In this case, it is probably a matter enlarging their long positions.
Having said all of this, and not ever being able to know how the MMs will manipulate price next, it is equally possible they will retrace the price in a far more significant manner, maybe back below the lower whole number. So, this entry is with some increased risk. With an EUR high impact coming this next LS, it will be interesting to see what the AS MMs do with the price. 
Edit:
Manually closed for loss of 12.2 pips average/total. 
Scout entry. No TP/SL at this time.
The entire day has been a succession of higher highs and higher lows. At the tail end of the LS, the MMs worked the price down, which looks like nothing more than a retrace to achieve lower prices for resumed buying. In after hours the MMs activity raised the price, which is probably testimony to their buying. Now the price, having moved up thru previous resistance, has made a very minor retrace back to this resistance area. This seems bullish to me, especially since all this is happening below a half number, where MMs prefer to build long. In this case, it is probably a matter enlarging their long positions.
Having said all of this, and not ever being able to know how the MMs will manipulate price next, it is equally possible they will retrace the price in a far more significant manner, maybe back below the lower whole number. So, this entry is with some increased risk. With an EUR high impact coming this next LS, it will be interesting to see what the AS MMs do with the price.
Edit:
Manually closed for loss of 12.2 pips average/total.
- #77,732
- Nov 24, 2014 9:31pm Nov 24, 2014 9:31pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #77,734
- Nov 24, 2014 9:45pm Nov 24, 2014 9:45pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #77,735
- Nov 24, 2014 11:45pm Nov 24, 2014 11:45pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} leentjai, Please be careful with your short on this. The xxxJPY pairs have just been given a serious whacking. This one might now be establishing a base below the whole number. This is a place where MMs prefer to close shorts and build long. Yes, this could go further down. We cannot know. But this is an area where PA might become resurrected. {image}
- #77,740
- Nov 25, 2014 3:07am Nov 25, 2014 3:07am
{quote} Hi! I was just reading the pdfs when I came across yours. I didnt came here to flame and blame everything (actually I like the core technical concept of the "system" ), but claiming that when price goes down on heavy volume is nothing but professionals entering in the other direction can be VERY misleading. (At least for me.) 1) Volume is a great thing but I personally find Mt4 and other "retail" brokers "volume" far from the truth. They are especially wrong when you are trading an OTC market as FX.... 2) What if I told you that marketmakers...
