"Bulls make money, Bears make money, but hogs get slaughtered"
- #80,962
- May 4, 2015 8:43am May 4, 2015 8:43am
Euraud, prepare short trade, in d1, you will see mms suck price touch trendlines, but, in m15, they active short when suck price at whole number but today is labor day, and we wait for monday, Quit Possibly my first trade for next week as I posted yesterday. H1 shows the decrease bull volume/ exhaustion and today with the highest volume above the half number.{image}
D1 has shaped up nicely to follow down in the channel.
Zooming down to M15 We saw a very nice Classic Short wave during LS, and then US MM's quickly drove PA above 1/2 number to add to their short orders. Big, AUD news this week and I am looking for a 3-400 pip bear move.
M5 to show my entries. My first was more of a Scout when 1st thing AS MM's drove price above whole number, and today I added while in the green above the 1/2 number.
Please if someone see's something I am blind to and I should watch out for let me know. THANKS!
- #80,965
- May 4, 2015 9:27am May 4, 2015 9:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #80,966
- Edited 9:42am May 4, 2015 9:29am | Edited 9:42am
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
{quote} Hey Fisher755, My bias is indeed short for this pair. If you are trading classic, I wouldn't jump on board until there is H4 confirmation. All you have to do is wait. Then switch to M15 and follow the rules. Your SL might get hit, but at least you've done everything in your power for a high probability trade.
I'm prepared to attack one more time, if this thing escapes again- but I have to see first, how this ranging plays out..
PVSRA
- #80,967
- May 4, 2015 9:37am May 4, 2015 9:37am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} EU Short trade closed {image}
Nice PVSRA based entry when MMs pushed up the price to the previous consolidation area. Good profit. Congratulations.
Now, think about this. That consolidation area is where the MMs were filling SM short orders. So, if the MMs pushed the price back up to fill more SM short orders there, how far down do you think SM is betting on the price going........? This is not a criticism of your quick exit. It is something to think about though, because if you do so, and do so whenever you see such moves, and then track PA to see how low it goes, you will begin to develop a better feel for how the market works.
-tah
- #80,969
- May 4, 2015 9:49am May 4, 2015 9:49am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #80,970
- Edited 10:16am May 4, 2015 9:56am | Edited 10:16am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
usdjpy, i see mms active when above whole number, in bull. active at high price, this is signal for bear. {image} if you look at month chart, you will see strong resistance {image}
You, qFish, myself, others,......we all sense this is bearish. There is another JPY bank holiday tomorrow. Likely nothing of any magnitude will happen until mid-week or later. Meanwhile, I suppose SM has short orders placed and the MMs are trying to fill them, keeping the price up - bears supporting the price to sucker in DM longs - in the hopes of getting liquidity so they can fill SM orders and make those commissions. Another day or so of this "bull crap"? Maybe more?
And let us not forget the capabilities of these thieving MMs. Do you think when they have filled the SM orders they are going to start a bear swing? Or, do you suspect these thieves will manipulate price into yet another spike up liquidity creation move to fill more of their own short orders by trying to stop out/steal - at the best prices of all! - some of the SM shorts they filled!?
This is one of the strategies used by these crooks that operate this market, and we must always consider such possibilities.
-tah
- #80,972
- May 4, 2015 10:10am May 4, 2015 10:10am
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
{quote} Bull Crap! (USDJPY: MM Bears supporting price to sucker in DM longs for liquidity to fill SM shorts) You, qFish, myself, others,......we all sense this is bearish. There is another JPY bank holiday tomorrow. Likely nothing of any magnitude will happen until mid-week or later. Meanwhile, I suppose SM has short orders placed and the MMs are trying to fill them, keeping the price up - bears supporting the price to sucker in DM longs - in the hopes of getting liquidity so they can fill SM orders and make those commissions. Another day or so...
For making money- sticking to Sonic R Classic is the best! My results as new to Forex trading are great.. and I would recommend for any newbie to stick to it for longer.
BTW- Tah, would you please enlighten us with the empty USDJPY chart of yours every now and then? I admire the Fibo's so much, and I'm jelaous of this nice charts..
PVSRA
- #80,973
- Edited 10:46am May 4, 2015 10:32am | Edited 10:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Yeah, but still- we should not be too sure.. You never know what double games they are playing. In any case- excellent for PVSRA training!
If you are referring to my chart as not displaying pivots, but some different lines instead, let me explain.
The "different" lines are Fibonacci series numbers applied to the previous day spread, but using a simple formula, not the more complex formula used for Day pivots and for Fibonacci pivots. What I call the "Natural Fibos" application to the spread of the previous day results in lines for that spread, as well as lines starting above and below that spread. This is essentially the "Spud Fibo" but incorporated into the Access Panel as an additional feature with a better display.
In experimentation, I have found that the "S&R" levels created by this more simple Fibo formula being applied to the previous day spread results in levels that the market seems to "respect" even more than pivots. But, still experimenting - I also display the central pivot along with this Natural Fibos feature.
If you are referring to a chart of mine that shows just an "55 ema Trend", that is another experiment in progress. In conjunction with PVSRA, it is perhaps more simple than "Dragon-Trend" and equally effective. Time will tell.
I am not sure exactly what you meant by "empty chart". I hope I have answered your question.
-tah
- #80,974
- Edited 10:58am May 4, 2015 10:38am | Edited 10:58am
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
{quote} Empty Chart? If you are referring to my chart as not displaying pivots, but some different lines instead, let me explain. The "different" lines are Fibonacci series numbers applied to the previous day spread, but using a simple formula, not the more complex formula used for Day pivots and for Fibonacci pivots. The simple Fibonacci application to the spread of the previous day results in lines for that spread, as well as lines starting above and below that spread. This is essentially the "Spud Fibo" but incorporated into the Access Panel...
( I have read your old posts before Sonic, but maybe somebody that did not know isinterested..)
Edit:
And this is another thing that I would recomend to anyone who did't read enough books yet (or none-like me). Just go end read every old post of Tah and all the posts in this thread (Sonic is a genius-like Tah).
I bet you will need no other book anymore for being a good trader. ( Maybe my "investments" would not exsist If I would come here earlier?!)
PVSRA
- #80,975
- May 4, 2015 10:50am May 4, 2015 10:50am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} I ment without your trades, Tah, but thank you for such detailed explanation..
Oh, you are asking about my USDJPY trade. It is still running, and quite red. Sometimes, when posting on UJ in general and not my trade in particular, I think it best and more clear to just show the UJ chart without any trade information.
I suspect this trade will last at least another week. I see PA as bearish, but there is no telling how long it will be before the MMs start a bear swing. As I always do, when the trade is closed out I will post it, no matter the profit or loss.
-tah
- #80,977
- May 4, 2015 11:47am May 4, 2015 11:47am
{quote} How the Market Works Nice PVSRA based entry when MMs pushed up the price to the previous consolidation area. Good profit. Congratulations.
-- on my other short on EU befor the last, i closed my trade on that consolidation area (i post the trade before the last EU trade).
Sorry, i cant explain with good english TAH. Wish u understood what i mean....
"Bulls make money, Bears make money, but hogs get slaughtered"
- #80,978
- May 4, 2015 11:52am May 4, 2015 11:52am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #80,979
- Edited 12:23pm May 4, 2015 11:57am | Edited 12:23pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #80,980
- May 4, 2015 12:18pm May 4, 2015 12:18pm
More Proof the Robber Bank MMs are Crooks Read for yourself how these "liquidity providers"/ "market makers" manipulate liquidity/ price to further their thieving..... http://www.forexfactory.com/news.php...87#post8243271 In few words, they stop doing what they are supposed to be doing (providing liquidity/making the market) in order to raise costs to others at critical events. This is unabashed market manipulation by those that operate the market, in order to screw everyone possible and pocket more profits for themselves....
"Bulls make money, Bears make money, but hogs get slaughtered"