Nice long and closed 20% in AUD/USD{image}
- #80,604
- Apr 16, 2015 6:37am Apr 16, 2015 6:37am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #80,607
- Edited 7:27am Apr 16, 2015 7:14am | Edited 7:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
And I am interested in trading this monster , what do you think ? Comments very welcome{image}{image}
I am skeptical about trading this long because of what I see with USDCAD showing bullish signs. The close high above DAY range might just be the MMs sucking in longs for shorting liquidity. That might be what the push up yesterday was all about. Watch your chart. There is no hurry. If this goes up or down from such a DAY range, the move will last more than today. Be patient. I suspect this will drop. This is now in the RWH area.
We cannot know how the MMs will move price next. CAD moves following the CAD high impact releases yesterday might be signs the CAD deserves strengthening relative to other currencies, or those moves might only be signs of how strongly the MMs can manipulate prices to load up for an opposite move,.....before pulling out the rug from under CAD! And, if CAD does deserve strengthening, the first moves yesterday might get whopping retraces - stop hunt moves - manipulated by the MMs to steal those positions before the MMs allow bigger moves in the CAD strengthening direction.
- #80,608
- Apr 16, 2015 7:27am Apr 16, 2015 7:27am
Not that I want TAH to go get banned again or add fuel to the fire, but I this email popped in and I wanted to share
I wonder if they will also look into last night's employment release?
Copied from email:
"The Australian financial regulator ASIC launched an investigation into the 'suspicious trading" responsible for the jump in the AUDUSD just prior to the release of the Reserve bank of Australia surprise decision to hold interest rates in March 3. On April 7 the Reserve Bank of Australia again surprised the market by holding rates. In the minute prior to the report release the market also reacted strongly. The financial regulator ASIC suggested this was evidence of inside trading. But is it really?
Closer examination of the charts casts a better light on this so-called inside trading activity.
Continue reading: FX Inside Traders Accusations
Best regards
FX Trader Magazine Team"
EURAUD Chart showing MM's stop-hunt longs/ buying shorts minutes before news release. Or at least how I see it, what do I know!
I wonder if they will also look into last night's employment release?
Copied from email:
"The Australian financial regulator ASIC launched an investigation into the 'suspicious trading" responsible for the jump in the AUDUSD just prior to the release of the Reserve bank of Australia surprise decision to hold interest rates in March 3. On April 7 the Reserve Bank of Australia again surprised the market by holding rates. In the minute prior to the report release the market also reacted strongly. The financial regulator ASIC suggested this was evidence of inside trading. But is it really?
Closer examination of the charts casts a better light on this so-called inside trading activity.
Continue reading: FX Inside Traders Accusations
Best regards
FX Trader Magazine Team"
EURAUD Chart showing MM's stop-hunt longs/ buying shorts minutes before news release. Or at least how I see it, what do I know!
- #80,609
- Apr 16, 2015 7:28am Apr 16, 2015 7:28am
And I am interested in trading this monster , what do you think ? Comments very welcome
Stay green! FN
Not that I want TAH to go get banned again or add fuel to the fire, but I this email popped in and I wanted to share
insanity: Doing the same thing over... and expecting different results -AE
- #80,611
- Apr 16, 2015 7:42am Apr 16, 2015 7:42am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} There's already concrete evidence that this happens all the time. In fact, many major banks have been charged. As a retail trader, we just gotta accept it and work around it. Things like this have always been around since the beginning of time. Just another unfair advantage of reality. Normal operating business. Nothing has changed.
{quote} Aha! We must not upset these crooks at the Robber Banks! Now watch qFish get the "Temporarily Suspended" boot.....!
I only speak the truth. Just executing my right to the first amendment of the constitution. And I have evidence to back my claims :-)http://www.forexfactory.com/showthre...49#post8089849
But I've accepted the situation and don't really care what they do anymore. It's just another risk of trading.
FF really should not interfere with trading talk, which is what this is. We talk about these things to become aware and change our strategies to improve.
insanity: Doing the same thing over... and expecting different results -AE
{quote} CADJPY I am skeptical about trading this long because of what I see with USDCAD showing bullish signs. The close high above DAY range might just be the MMs sucking in longs for shorting liquidity. That might be what the push up yesterday was all about. Watch your chart. There is no hurry. If this goes up or down from such a DAY range, the move will last more than today. Be patient. I suspect this will drop. This is now in the RWH area. We cannot know how the MMs will move price next. CAD moves following the CAD high impact releases yesterday...
I can call it a day. Textbook short on USDCAD , had some losses early in the morning , but still made a decent profit for a day with this one, RDL was my TP but itchy finger ruined the plan
{quote} Thank you for your insights , always helping me , and others
Numbers never lie
Man lie, woman lie, numbers don't
- #80,615
- Apr 16, 2015 9:18am Apr 16, 2015 9:18am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
USDCAD Alert Double bottom. AS MMs quickly lowered price well below the whole Level and then heavily traded, causing price to rise back up. Also good volume as price moved up thru whole Level. It looks like the LS MMs ran a stop hunt of longs followed with more good volume at the lows and coming back off the lows. This could break high the whole Level in the US session today. {image}
Went deeper than a double bottom, but look at the orders filling below the half Level following the last USD release for today. Price could still break high the upper whole Level today.
PVSRA and Patience,
tah
- #80,616
- Apr 16, 2015 9:39am Apr 16, 2015 9:39am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
USDJPY
Here is how I see it. And, I think this goes higher.....
PVSRA and Patience,
tah
Here is how I see it. And, I think this goes higher.....
PVSRA and Patience,
tah
- #80,619
- Apr 16, 2015 10:12am Apr 16, 2015 10:12am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #80,620
- Apr 16, 2015 10:14am Apr 16, 2015 10:14am
{quote} I hope you have already closed it , that's a monster
But yeah, it went up 90 pips RDL > RDH today. So whats next? When the MMs want to take profit and go short? Who knows. Tomorrow CAD news, they might pushing up more the price before pulling the ground out from it. Will be watching this closely. FN
Stay green! FN