Dislikedhi DENMAS. I am new in this thread. i cannot read all 4k pages. so i have question. Do you use EA (based R SONIC) or manual? where can i get this EA. sory for my bad english. thank youIgnored
- #80,674
- Apr 20, 2015 11:56pm Apr 20, 2015 11:56pm
In 4H, we can find out that the vol decrease when the price went down meanwhile. Maybe it is just a retracement. EU may go up later, not sure it can go up to the possible targe zone or not. and let's go and see. 
Hi guys. Please take a look at my very first PVSRA analysis. - The circled areas represent levels where MMs were building their short positions. - At the top it is easy to see head and shoulders pattern. - Green and blue bars were constantly decreasing through the position buildup. - Head and shoulders pattern was formed around 1.0800 level, which not only is a 00 level but also proved a strong S&R level in the past. - All this is giving me a short bias on EurUsd this week. {image}
First, I think that LOCALLY, the H/S pattern is the first indication of shorts building. Anyways, let's start from the weekly, then H4, and finally M15:
So in conclusion, I do agree that EU is short this week. But I would add this is true for the next 1 or 2 months, with consolidation beginning. At any rate, short building on this pair is safer. If you build long, then get out early if possible and don't be too aggressive on TP.
Don't think mine or yours is right. But just another perspective. But remember, big down volume moves is either them building shorts or releasing short orders for profit, where the former is building and the latter is in a run for profit. A drive up followed by an immediate drive down is short building (or longer term long building with short term short building). MMs can keep outstanding long and short orders and release them in combo with buying/selling the market (sometimes with other MMs) to help drive prices where they want. Of course, some MMs will lose (but not actually, b/c this would just be open positions for a retrace).
insanity: Doing the same thing over... and expecting different results -AE
Trade progress since March 24th: {image} {image} {image} {image} {image} Currently Long the dollar on AU, and Short the dollar on NU, UC, and UJ. AU is the only one going against me, but was able to profit from the other pairs along the way. Now DD is riding on profits.
Green pips to all this week!
insanity: Doing the same thing over... and expecting different results -AE
