EURCAD Long Trade Open/Close:
Gupito style. 289 pips total gain.
Gupito style. 289 pips total gain.
PVSRA
PVSRA (Price, Volume, S&R Analysis)
- #281
- May 27, 2015 7:45am May 27, 2015 7:45am
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
- #282
- May 27, 2015 8:00am May 27, 2015 8:00am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
MMs Milking the Price Queue: USDJPY
Note the increasing volume as the MMs gave another push up in the price while above the half number. Then, another volume episode where there was a fast push up of the price followed by steady high volume as the new area was milked for liquidity, presumably liquidity for the MMs to fill SM short orders. And now we have another "increased relative volume" push up back above the 3/4 Level, presumably now the MMs are filling their own short orders.
PVSRA and Patience,
tah
Note the increasing volume as the MMs gave another push up in the price while above the half number. Then, another volume episode where there was a fast push up of the price followed by steady high volume as the new area was milked for liquidity, presumably liquidity for the MMs to fill SM short orders. And now we have another "increased relative volume" push up back above the 3/4 Level, presumably now the MMs are filling their own short orders.
PVSRA and Patience,
tah
- #285
- May 27, 2015 8:14am May 27, 2015 8:14am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GBPJPY A lot of selling off the top, look at the red volume bar! And the spread was good, but not great, meaning the MMs were suckering in a lot of longs while they were cranking out their sell orders. Otherwise, the price drop would have been more pronounced. And now it is lower, having formed a double top. Could be this is reversing, but reversing can involve a lot of time spent ranging, as the MMs work to fill more and more SM short orders coming in...... {image}
An interesting situation exists with this one. Today (previous post) gave definite PVSRA clues to bears. Yet, also in a previous post was mentioned that the MMs seem to be holding GU down and from bouncing more so than a couple other xxxUSD pairs, which might be due to the fact of a GBP high impact release coming in the next LS. The MMs might be loading up longs on GU for a whip up tomorrow. So, there is conflict between these two outlooks.
One solution is that the MMs might be planning on driving GU up. This would move GJ higher too, and as the longs flock in for the sheering the MMs will be adding even more shorts themselves as the price rises to an eventual top, maybe in the 191.50/RWH area. There is a declining wedge, which is bearish.
We cannot know how the MMs will move price, but this is a reasonable possibility. Time will tell.
PVSRA and Patience,
tah
MMs Milking the Price Queue: USDJPY Note the increasing volume as the MMs gave another push up in the price while above the half number. Then, another volume episode where there was a fast push up of the price followed by steady high volume as the new area was milked for liquidity, presumably liquidity for the MMs to fill SM short orders. And now we have another "increased relative volume" push up back above the 3/4 Level, presumably now the MMs are filling their own short orders. PVSRA and Patience,
Everything points to the pair breaking above the 124 level.
Can you please explain why you think this?
Thank you.
- #287
- May 27, 2015 8:20am May 27, 2015 8:20am
GJ - EJ Long trade opened... {image} {image}
This is how i trade. Minimize the risk, n maximize profit consistently.
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
- #288
- May 27, 2015 8:22am May 27, 2015 8:22am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
MMs Milking the Price Queue: USDJPY Note the increasing volume as the MMs gave another push up in the price while above the half number. Then, another volume episode where there was a fast push up of the price followed by steady high volume as the new area was milked for liquidity, presumably liquidity for the MMs to fill SM short orders. And now we have another "increased relative volume" push up back above the 3/4 Level, presumably now the MMs are filling their own short orders. PVSRA and Patience,
{quote} Are you suggesting that MM's are getting ready to bring the market down? Everything points to the pair breaking above the 124 level. Can you please explain why you think this? Thank you.
PVSRA: USDJPY
PVSRA is yielding bearish clues. We cannot know how the MMs will move price "next". What we can do is develop our skill at PVSRA, become competent applying it, and thereby have a better perspective regarding "eventuality".
With the 124.00 Level less than 15 pips above the recent high, we would of course anticipate the MMs will put the price thru that level in order to soak up whatever liquidity they can there to fill what might turn out to be their own best short acquisitions before reversing the price. We cannot know how the MMs will move price, but we can see what they are doing and thereby be watching the game with a better perspective of the MM's possible game plan.
We don't enter short just because we see bear clues. We don't enter long just because we see bull clues. We wait for PA to become aligned with the prevalent clues we have been gathering. And then we wait for momentum.
PVSRA and Patience,
tah
MMs Milking the Price Queue: USDJPY Note the increasing volume as the MMs gave another push up in the price while above the half number. Then, another volume episode where there was a fast push up of the price followed by steady high volume as the new area was milked for liquidity, presumably liquidity for the MMs to fill SM short orders. And now we have another "increased relative volume" push up back above the 3/4 Level, presumably now the MMs are filling their own short orders. PVSRA and Patience,
- #291
- Edited 10:29am May 27, 2015 8:40am | Edited 10:29am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} I notice they are heading for a breakout resistance set in 2007...8 years ago...
Indeed, yes. My chart shows that top at about 12 pips above the 124.00 Level. And the current high is only about 12 pips below the 124.00 Level. Who, if in their right mind and knowing how the market works, would not be anticipating that the Robber Banks will take the price back up there, and maybe a bit higher as a Head Fake to get even more liquidity to fill their short orders?
The point is, there are PVSRA bear clues. And we need to reconcile that with actual current PA which still has obvious upside potential,.....but for what reason? That reason is looking heavily as an opportunity to put in another high at historic highs and get lots of premium shorts on while DM comes in thinking it will go higher.
Our trading results can only improve if we learn and accept how the market really works, and that we are in what is like a game of chess against the MMs. Remember, this is their market. These Robber Bank MMs operate it for profit. They control price. The fat commissionable orders of the big money players does influence where price goes, but there are always buy and sell orders both above and below the current price range. It is only the MMs that decide in what direction sequence and distance the price will go, as the MMs seek to fill the orders to make their commissions. And we should never forget that these Robber Bank MMs are greedy thieves, who will often fill SM orders and then later run a stop hunt on SM before they start the price off in the direction that SM was betting on!
PVSRA and Patience,
tah
Edit: And 1 hour and 45 minutes later, we have a move up thru the 124.00 Level, about 7 pips above, on increased volume....
- #292
- May 27, 2015 8:45am May 27, 2015 8:45am
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
EURCAD Long Trade Open/Close: Gupito style. 289 pips total gain. {image}
The same as EURCAD- Gupito style dancing. 353 pips total gain.
PVSRA
- #293
- Edited 10:34am May 27, 2015 9:21am | Edited 10:34am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AUDJPY
High impact release coming in the AS. Today, the MMs kept the price mostly below the half number, filling orders on increasing volume. This is a PVSRA indication of MMs that have likely been filling SM long orders. But remember the chess game and that the market is all about liquidity. If the MMs plan on executing a bull swing then they will covet building longs beforehand for themselves. And they do not like to use their own money. They prefer to steal the money of others to do it. So, we might see a stop hunt on longs......
......and whenever the MMs decide, a bull swing could easily take price back up to the RWH area, possibly even higher next week.
PVSRA and Patience,
tah
High impact release coming in the AS. Today, the MMs kept the price mostly below the half number, filling orders on increasing volume. This is a PVSRA indication of MMs that have likely been filling SM long orders. But remember the chess game and that the market is all about liquidity. If the MMs plan on executing a bull swing then they will covet building longs beforehand for themselves. And they do not like to use their own money. They prefer to steal the money of others to do it. So, we might see a stop hunt on longs......
......and whenever the MMs decide, a bull swing could easily take price back up to the RWH area, possibly even higher next week.
PVSRA and Patience,
tah
- #294
- May 27, 2015 11:48am May 27, 2015 11:48am
NZDUSD Outlook:
Based on H4 TF, for me its look like some steps of accumulation phase.
Price drop from above whole number 0.73000 (as previous support) into the lower level below half number 0.72500. The previous support (whole number 0.73000) broke with huge activity - the spread is wide.
The last giant activity (red - bearish volume - point B on my ss) did not generate wider spread bar as the first bar which broke the previous support (Bar -point A on my ss), whereas this activity higher. It could be selling climax. After this climax, there is auto rally as a respon/ reaction of this falling. This rally (upward movement) with lower volume showed that there is no massive involvement by MMs, its just a DM reaction, thats why the activities is reduced. While price reach above the half level 0.72500, MMS push the prices back to the previous lower area (purple candle) to supporting this area. This scheme is a trap for the longs retail traders to lock them and hunt the stops. This scheme also to triggered panic seller from retail trader which thought that the market would falls lower and break the support. Then see the next bar (blue candle with long lower shadow), its "inverted hammer". This scheme, to hunt the stops of the panic sellers of the retail traders. On the background, this inverted hammer give us information that there is huge buying activity which tried to bid the price higher, its the death for the shorts. Then prices suddenly stop the upward movement just near the open of the climax sell bar (thats above half number 0.72500) and then pushed back down to the support area and closed near the open of the previous purple bar, no much lower. So, the retail trader who on the shorts side failed to closed their order lower.
Since the weak holders as sellers weren’t able to close the price any lower, this is a good indication that everybody who wants to sell has already sold. And if there are no more sellers, who is left? Buyers. Then who are want to buy from this lower level with this suck scheme? sure, "the robber MMs".
With all of those schemes, we can immagine how the Robber Bank MMs try to deceive and steal from the others for their own. We can immagine too, how much the loot they earn? And, is intended for what? I think this is to accumulate the stock liquidities for their own longs before they mark up the market intended to enrich themselves. Aven at the cage the Robber MMS would drive prices lower (may be below whole level 0.72000) to add more longs on the lows before they act on a trully drive upward movement. And if it happen, its just to steal more and accumulate more liquidities, and its called "spring test".
May be thursday and friday would be a good timing to run the bull. They need a good momentum to show the real face,their real sucker face - as a vampire that sucks the blood of others for their survival.
Plan ur trade n trade ur plan...
-MJ
Based on H4 TF, for me its look like some steps of accumulation phase.
Price drop from above whole number 0.73000 (as previous support) into the lower level below half number 0.72500. The previous support (whole number 0.73000) broke with huge activity - the spread is wide.
The last giant activity (red - bearish volume - point B on my ss) did not generate wider spread bar as the first bar which broke the previous support (Bar -point A on my ss), whereas this activity higher. It could be selling climax. After this climax, there is auto rally as a respon/ reaction of this falling. This rally (upward movement) with lower volume showed that there is no massive involvement by MMs, its just a DM reaction, thats why the activities is reduced. While price reach above the half level 0.72500, MMS push the prices back to the previous lower area (purple candle) to supporting this area. This scheme is a trap for the longs retail traders to lock them and hunt the stops. This scheme also to triggered panic seller from retail trader which thought that the market would falls lower and break the support. Then see the next bar (blue candle with long lower shadow), its "inverted hammer". This scheme, to hunt the stops of the panic sellers of the retail traders. On the background, this inverted hammer give us information that there is huge buying activity which tried to bid the price higher, its the death for the shorts. Then prices suddenly stop the upward movement just near the open of the climax sell bar (thats above half number 0.72500) and then pushed back down to the support area and closed near the open of the previous purple bar, no much lower. So, the retail trader who on the shorts side failed to closed their order lower.
Since the weak holders as sellers weren’t able to close the price any lower, this is a good indication that everybody who wants to sell has already sold. And if there are no more sellers, who is left? Buyers. Then who are want to buy from this lower level with this suck scheme? sure, "the robber MMs".
With all of those schemes, we can immagine how the Robber Bank MMs try to deceive and steal from the others for their own. We can immagine too, how much the loot they earn? And, is intended for what? I think this is to accumulate the stock liquidities for their own longs before they mark up the market intended to enrich themselves. Aven at the cage the Robber MMS would drive prices lower (may be below whole level 0.72000) to add more longs on the lows before they act on a trully drive upward movement. And if it happen, its just to steal more and accumulate more liquidities, and its called "spring test".
May be thursday and friday would be a good timing to run the bull. They need a good momentum to show the real face,their real sucker face - as a vampire that sucks the blood of others for their survival.
Plan ur trade n trade ur plan...
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
- #295
- May 27, 2015 12:00pm May 27, 2015 12:00pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDUSD Outlook: Based on H4 TF, for me its look like some steps of accumulation phase. Price drop from above whole number 0.73000 (as previous support) into the lower level below half number 0.72500. The previous support (whole number 0.73000) broke with huge activity - the spread is wide. The last giant activity (red - bearish volume - point B on my ss) did not generate wider spread bar as the first bar which broke the previous support (Bar -point A on my ss), whereas this activity higher. It could be selling climax. After this climax, there is...
Mauro-J Un-Masks the Marauding Robber Bank MMs!
Wow! Now that is an instructional post! Everyone here should read it at least several times over, and slowly so, and while the brain is engaged!
PVSRA and Patience,
tah
- #296
- May 27, 2015 12:13pm May 27, 2015 12:13pm
{quote} Mauro-J Un-Masks the Marauding Robber Bank MMs! Wow! Now that is an instructional post! Everyone here should read it at least several times over, and slowly so, and while the brain is engaged!
Many thanks...
"Bulls make money, Bears make money, but hogs get slaughtered"
- #297
- Edited 1:24pm May 27, 2015 1:03pm | Edited 1:24pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
USD/CAD Trades Above 1.2470 After BoC Statement (http://www.forexfactory.com/news.php?do=news&id=541570)
And now that the MMs are pushing it on up (having a recent "bullish excuse" to do so), why not continue it up so long as DM longs are buying the lie?
RWH is only about 100 pips above the current price (having retraced a bit since the run-up highs), and that is a distance easily covered ahead of more high impact releases coming, both USD and CAD. That is a run that should sucker in more DM longs while the MMs fill SM short orders, and their own too, of course.
We must keep in mind that we cannot know how the MMs will move price next, and that is but just one way to look at it, but it is a reasonable possibility, especially with volume today not so obviously just pushing the price substantially higher, but more to take advantage of the high area achieved, i.e., more effort (volume), less result (sustained climb in price).
PVSRA and Patience,
tah
And now that the MMs are pushing it on up (having a recent "bullish excuse" to do so), why not continue it up so long as DM longs are buying the lie?
RWH is only about 100 pips above the current price (having retraced a bit since the run-up highs), and that is a distance easily covered ahead of more high impact releases coming, both USD and CAD. That is a run that should sucker in more DM longs while the MMs fill SM short orders, and their own too, of course.
We must keep in mind that we cannot know how the MMs will move price next, and that is but just one way to look at it, but it is a reasonable possibility, especially with volume today not so obviously just pushing the price substantially higher, but more to take advantage of the high area achieved, i.e., more effort (volume), less result (sustained climb in price).
PVSRA and Patience,
tah
- #298
- Edited 6:48pm May 27, 2015 6:11pm | Edited 6:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AUDJPY High impact release coming in the AS. Today, the MMs kept the price mostly below the half number, filling orders on increasing volume. This is a PVSRA indication of MMs that have likely been filling SM long orders. But remember the chess game and that the market is all about liquidity. If the MMs plan on executing a bull swing then they will covet building longs beforehand for themselves. And they do not like to use their own money. They prefer to steal the money of others to do it. So, we might see a stop hunt on longs...... ......and whenever...
Breaking higher ahead of the release....
Is this to sucker in longs too soon, so they can fatten the gain from a stop hunt to come? Or, are the MMs foregoing a stop hunt and mounting a bull run right now?
Lately the RBA/AUD has gone under scrutiny for price manipulation just seconds before major releases. Maybe the Robber Banks decided to manipulate much earlier in hopes of staving off more scrutiny.....
RBA Theme Song.....
Do it in the morning,
Do it in the evening,
Do it at supper time.
Manipulate that currency
and our profits will be fine!
- #299
- May 27, 2015 7:54pm May 27, 2015 7:54pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #300
- May 27, 2015 8:35pm May 27, 2015 8:35pm
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
NZDUSD Outlook: Based on H4 TF, for me its look like some steps of accumulation phase. Price drop from above whole number 0.73000 (as previous support) into the lower level below half number 0.72500. The previous support (whole number 0.73000) broke with huge activity - the spread is wide. The last giant activity (red - bearish volume - point B on my ss) did not generate wider spread bar as the first bar which broke the previous support (Bar -point A on my ss), whereas this activity higher. It could be selling climax. After this climax, there is...
PVSRA