Hi,
I don't fully understand what to look at to determine if MM is sucking SM or DM.
We know that MM does two things:
1. Manipulating price to sucker into the market DM that is taking the wrong side position.
2. Manipulating price to sucker into the market SM that is taking the right side position, but too soon, and later manipulating price to hit their stops.
Also we know that in an uptrend, if the high volumes appear at the top, MM is likely taking profit and closing longs. And if high volume appear at the lows, MM is likely supporting the uptrend and buying more.
But how do we link that to the trapping of DM and SM?
Is it right to say that the MM is likely to be long if consolidation appear below a whole/half number and short if consolidation appear above a whole/half number?
For example in post #14 from Tah he wrote: "I presume the consolidation was MMs filling SM long orders. I presume the run down yesterday was the MMs stop hunting those longs".
SM is likely buying low in an uptrend, so if MM is filling their orders, then volume will be high at bottoms, is that right?
Well, by writing all this I'm thinking the following:
If we are in an uptrend and there is consolidation at some resistance and we see high volume at bottoms, it means that MM is doing one of two things:
- buying more -> in this case we should see higher highs and higher lows
- sucking the SM which is on the long side -> in this case, we should have lower highs and lower lows during the consolidation or small higher highs and higher lows to prevent SM to take profit.
Is it correct?
Cheers,
Daniel
I don't fully understand what to look at to determine if MM is sucking SM or DM.
We know that MM does two things:
1. Manipulating price to sucker into the market DM that is taking the wrong side position.
2. Manipulating price to sucker into the market SM that is taking the right side position, but too soon, and later manipulating price to hit their stops.
Also we know that in an uptrend, if the high volumes appear at the top, MM is likely taking profit and closing longs. And if high volume appear at the lows, MM is likely supporting the uptrend and buying more.
But how do we link that to the trapping of DM and SM?
Is it right to say that the MM is likely to be long if consolidation appear below a whole/half number and short if consolidation appear above a whole/half number?
For example in post #14 from Tah he wrote: "I presume the consolidation was MMs filling SM long orders. I presume the run down yesterday was the MMs stop hunting those longs".
SM is likely buying low in an uptrend, so if MM is filling their orders, then volume will be high at bottoms, is that right?
Well, by writing all this I'm thinking the following:
If we are in an uptrend and there is consolidation at some resistance and we see high volume at bottoms, it means that MM is doing one of two things:
- buying more -> in this case we should see higher highs and higher lows
- sucking the SM which is on the long side -> in this case, we should have lower highs and lower lows during the consolidation or small higher highs and higher lows to prevent SM to take profit.
Is it correct?
Cheers,
Daniel
that's what TAH and others learned the hard way when they entered their SCOUTS early in this thread and the Sonic thread after huge DD's and losses.......
Now they basically scalp and/or trade with 20 +/- pip targets not going for mega pips as before and hoping for days, weeks or longer that their losses would come back. Bad Idea!!
Think it's time to increase my lot size to 20 lots with so many small pip scalp targets lately as more predictable for me to make a few small pips with larger lots then go for mega pips. Been their, done that and too much stress for me, hence FIFO just my style and maybe some traders can relate.........
EURUSD still opened I opened long AUDUSD {image} {image}
