DislikedDear Friends, sorry if i'm wrong i'm still beginner with Sonic R. System, i'm following this thread every day by few months and finally i'll trade using this wonderful method. I'm looking by euraud H1 tf, it is now in support by H4, Pin Bar and MM volume is very green, should I look for buy positions now, right ? {image} {image}Ignored
Sonicers are watching this one, and the consensus is the MMs are bulls. They might take the price once more below the whole number in their efforts to accumulate longs at good prices ahead of a run for profits. Today is just the first of the new week, and frequently the first day or so is used by the Robber Bank MMs to move price opposite their real intentions, to build before running the price. We should be patient. There are high impact AUD releases Tuesday and Wednesday. I would imagine not before then would anything big take place. Of course we cannot know how they will move price next. But still, this is only Monday. Let's see if they whack the price back below the whole number But first they will likely allow time for a lot of traders to place their long orders while the Robber Bank MMs support the price above the whole number. These longs could later become liquidity for the Robber Bank MMs to get their own long orders filled by whacking the price and stopping longs out. Wait for the Stop Hunt on longs.......
-tah