Hi Fisher755, i shorted GU and tp where you shorted, very nice trade yours and green pips for you, congratulations.Mi TP was too early. 
PVSRA (Price, Volume, S&R Analysis)
- #1,444
- Jun 16, 2015 4:20am Jun 16, 2015 4:20am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Eur Aud Gbp Aud{image} {image}
Exceptional trading.
- #1,446
- Jun 16, 2015 4:24am Jun 16, 2015 4:24am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #1,447
- Jun 16, 2015 4:32am Jun 16, 2015 4:32am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Thanks Fisher. You too. I've noticed your support recently. It's good to have such a nice community to share.
qFish just said a mouthful. It is true. It is really good to have such nice people, each working at PVSRA in their own way, but in concert with the overall objective here to help others. This is what makes it all work, and worthwhile. All of you make me very happy to be here.
tah
{quote} EURUSD Appears MMs have stopped the drop at the half Level; seem to be supporting this at the half Level. This might go higher today. {image}
Marijan
- #1,450
- Jun 16, 2015 4:35am Jun 16, 2015 4:35am
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
{quote} Finest Group of People qFish just said a mouthful. It is true. It is really good to have such nice people, each working at PVSRA in their own way, but in concert with the overall objective here to help others. This is what makes it all work, and worthwhile.
DREAM TEAM!
PVSRA
- #1,453
- Jun 16, 2015 5:00am Jun 16, 2015 5:00am
{quote} Finest Group of People qFish just said a mouthful. It is true. It is really good to have such nice people, each working at PVSRA in their own way, but in concert with the overall objective here to help others. This is what makes it all work, and worthwhile. All of you make me very happy to be here.
"Bulls make money, Bears make money, but hogs get slaughtered"
- #1,457
- Jun 16, 2015 5:44am Jun 16, 2015 5:44am
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
Averaging down bring in the pips too
Trading in the shadow of SM
- #1,458
- Jun 16, 2015 5:55am Jun 16, 2015 5:55am
{quote} EURUSD Appears MMs have stopped the drop at the half Level; seem to be supporting this at the half Level. This might go higher today. {image}
Dear TAH, I do agree if we read it base on H1 TF.
But, I have a different story on the bigger picture H4.
There is a nice consolidation area (H4 TF Marked - D) above key SR 1.13000 - 1.13500. And i think that area is a very strong resistance. On May 15th, market fell from B to C, and then consolidated in C for a while before the rise. My hypothesis : if this is a reversal from C, I think it need a a fairly strong support with a nice consolidatioan on the lower side below the key SR, and point C as the lows point of the previous swing does not show it. Now, the prices back to the previous consolidation area at D, and pullback to the lower side. And so far I have not seen any strong enough consolidation in the lows area as a sign for the reversal. Imo; if the robber Bank MMs more interested in higher prices over the RDH, MMS should not attempt to stop the price at the previous resistance (D); even MMS should support prices in the lower area for a while in a state ranging. At least this is an evident based on my view point in the bigger picture H4.
Now, for the lower TF (M15); on yesterday, price rose to the above 1/4 level area (1.12750), and then stop above the level. And during the AS today, price consolidate below the 1/4 level for a while with some nice activity, and Boom... MMs whip the price up and stop just above the key SR 1.13000. And I think, its a nice stop hunt, and its confirmed by the results of the stopping volume (pinbar), nice pullback to the lower side (1/2 level : 1.12500). And for now, prices back to the above 1/2 level area (1.12500). And if MMs whip the prices up again above the half level 1.12500, maybe the highs level is the whole number 1.13000 area or even just above the 1/4 level 1.12750.
Based on some of the conditions I described, I think MMS still be on the shorts side. But, I could be wrong, cz MMs always have their own authority to manipulated the markets anytime they want.
But, I think, sometimes we have a different reading and different conclusion because we read in different TF. This is the relative side of reading the market that determines our standpoint.
A difference and contradiction is the deciding factor to make us more advanced and solve specific issues in the study of PVSRA.
what do you think prof?
Best regards,
-MJ
"Bulls make money, Bears make money, but hogs get slaughtered"
- #1,459
- Edited 6:31am Jun 16, 2015 6:16am | Edited 6:31am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #1,460
- Edited 6:33am Jun 16, 2015 6:22am | Edited 6:33am
- Joined Jan 2015 | Status: PVSRA with Traderathome | 1,689 Posts
{quote} EU comment: Dear TAH, I do agree if we read it base on H1 TF. But, I have a different story on the bigger picture H4. There is a nice consolidation area (H4 TF Marked - D) above key SR 1.13000 - 1.13500. And i think that area is a very strong resistance. On May 15th, market fell from B to C, and then consolidated in C for a while before the rise. My hypothesis : if this is a reversal from C, I think it need a a fairly strong support with a nice consolidatioan on the lower side below the key SR, and point C as the lows point of the previous...
{quote} EURUSD I think that in the shorter term, because this is basing at the half Level area, it quite possibly will go bullish: Trend flat and price currently in tight range. The longer range is more difficult - indeterminate for me - but with the Greek soap opera coming nearer to a head, maybe the MMs want to get all the altitude possible before something might go wrong..... {image}
I think nothing much will happen until FOMC.
MMs are collecting liquidity both ways and preparing for a bigger move tomorow..
Considering the prices are high at the moment.....
PVSRA