all Gbp cross pair don't want go down up like rocket star etc gbp/nzd.... gbpaud...gbpchf... i just guess gbpjpy may be go down first 189.600 then up 195.00 level ....
PVSRA (Price, Volume, S&R Analysis)
- #1,243
- Jun 11, 2015 10:52am Jun 11, 2015 10:52am
{quote} MJ, Nice that you remind us about serious things..Great trading, MJ. They confused me with the price under the half level before the news... EURUSD Comment: But look- pushed down on higher volume!!! {image} Under the lower whole level- stop hunt- many DM shorts came (robots, orders) in, you can imagine how red they are now. When MMs would want to take the price lower now, they would probaly do it in the hurry to surprise the longs, not giving them a second chance.. imho. It does not look like that is the case. Imagine the retrace...
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
- #1,244
- Edited 12:00pm Jun 11, 2015 11:46am | Edited 12:00pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GBPUSD
Here is what I derive from the M15 chart.
From the very start of today there has been selling, which dramatically increased late in the AS and on into the LS open. Then, during the LS, the MMs worked the price back up (remember what retraces really are) to well above the half Level, and then heartily whacked it again!
Then, along comes the US open, complete with the worst Robber Banks in the world. What do they do? Do they join in on the selling? Yes, but in their own thieving style. They whack/whip the price! They run the price queue in both directions to clean out all liquidity for getting short orders filled. They end this manipulation on the high side to further sucker longs into the market. And they have been cycling price up and down since (remember what it means when the MMs move prices up/down like this) with some nice hits above the upper whole Level.
BTW, as I instructed in an earlier post, do not let the green color of a bar fool you into thinking it means the MMs are bulls. It is not the color of a notable PVA episode that really counts. It is what the price action is during the PVA episode that counts. And that requires your more intense study and interpretation of what it was and how it best fits into the overall picture. To me, the price action is what I just discussed; using up liquidity for shorting and leaving the price high to deceive longs into the market.
Could I be wrong? Yes, and I have been before. Furthermore, we cannot know what the MMs will do with price next. Time will tell.
PVSRA and Patience,
tah
Here is what I derive from the M15 chart.
From the very start of today there has been selling, which dramatically increased late in the AS and on into the LS open. Then, during the LS, the MMs worked the price back up (remember what retraces really are) to well above the half Level, and then heartily whacked it again!
Then, along comes the US open, complete with the worst Robber Banks in the world. What do they do? Do they join in on the selling? Yes, but in their own thieving style. They whack/whip the price! They run the price queue in both directions to clean out all liquidity for getting short orders filled. They end this manipulation on the high side to further sucker longs into the market. And they have been cycling price up and down since (remember what it means when the MMs move prices up/down like this) with some nice hits above the upper whole Level.
BTW, as I instructed in an earlier post, do not let the green color of a bar fool you into thinking it means the MMs are bulls. It is not the color of a notable PVA episode that really counts. It is what the price action is during the PVA episode that counts. And that requires your more intense study and interpretation of what it was and how it best fits into the overall picture. To me, the price action is what I just discussed; using up liquidity for shorting and leaving the price high to deceive longs into the market.
Could I be wrong? Yes, and I have been before. Furthermore, we cannot know what the MMs will do with price next. Time will tell.
PVSRA and Patience,
tah
- #1,245
- Edited 12:06pm Jun 11, 2015 11:54am | Edited 12:06pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GJ, M5 quick scalp +12.4 with heads up from currency strength to watch this pair and entered long on bounce from 191.500 key level area with my usual +/- 5 pip target that works for me......appears next target 191.750 key level area. We shall see.....
.
. 
Keep It Simple
- #1,247
- Jun 11, 2015 12:02pm Jun 11, 2015 12:02pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Tah Congratulation new Tread. Big change I see on forum
Good to hear from you .....
Stay GREEN My Friend!
Keep It Simple
- #1,248
- Jun 11, 2015 12:04pm Jun 11, 2015 12:04pm
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
Tah Congratulation new Tread. Big change I see on forum
PVSRA
- #1,250
- Jun 11, 2015 12:13pm Jun 11, 2015 12:13pm
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
{quote}
Your trades were great back on the old thread (I read most of it).
Would be nice if you can post some here..
PVSRA
- #1,251
- Jun 11, 2015 12:25pm Jun 11, 2015 12:25pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Tah Congratulation new Tread. Big change I see on forum
Thank you. It is good to hear again from you. You have always been a stalwart contributor and you are always welcome here. I am sure many would like to see you return to participate.
Well, you mentioned Cigarguy and MrAmazing.......
Sad to say, it is very difficult to get Cigarguy off the "sauce", if you know what I mean. At his senior age, it quickly makes him extremely sleepy. He can hardly manage to stay awake in a trade for more than a run of five pips or so.
MrAmazing has not posted here, nor in the previous thread for quite some time. But, he is frequently not far away,......(I think he likes to watch).
And with that bit of good intentioned humor,......Welcome Back!
tah
- #1,252
- Jun 11, 2015 12:25pm Jun 11, 2015 12:25pm
Tah Congratulation new Tread. Big change I see on forum
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
- #1,254
- Jun 11, 2015 12:30pm Jun 11, 2015 12:30pm
GBPUSD Here is what I derive from the M15 chart. From the very start of today there has been selling, which dramatically increased late in the AS and on into the LS open. Then, during the LS, the MMs worked the price back up (remember what retraces really are) to well above the half Level, and then heartily whacked it again! Then, along comes the US open, complete with the worst Robber Banks in the world. What do they do? Do they join in on the selling? Yes, but in their own thieving style. They whack/whip the price! They run the price queue in...
Nice post TAH,
I think, in general GU nearly has a similar story with EU at least a post high impact news on US today..
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
- #1,255
- Edited 12:54pm Jun 11, 2015 12:34pm | Edited 12:54pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Dear FXRobert, Thank you. It is good to hear again from you. You have always been a stalwart contributor and you are always welcome here. I am sure many would like to see you return to participate.
Stay GREEN My Friend!
Keep It Simple
- #1,256
- Jun 11, 2015 12:55pm Jun 11, 2015 12:55pm
{quote} Dear FXRobert, Thank you. It is good to hear again from you. You have always been a stalwart contributor and you are always welcome here. I am sure many would like to see you return to participate.
{quote} Agree, Nice post TAH, I think, in general GU nearly has a similar story with EU at least a post high impact news on US today..
Marijan
- #1,259
- Jun 11, 2015 12:59pm Jun 11, 2015 12:59pm
{quote}
I last year i learn protection my money. Is the succes trading.
My first trade today few minutes ago.
Scalp M1
SL is our friend. When someting wronge I move SL ZERO - always.
- #1,260
- Jun 11, 2015 1:10pm Jun 11, 2015 1:10pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote}
Wow...I realize that you know what your doing with your M1 scalping and you gotta be faster then me on my M5 that will keep you awake for sure....I might suggest, as a fellow scalper, giving the M5 a look and trading the key levels as short term S & R and paying close attention to PA of course with your style and see how it works for you.....
Keep It Simple