Abit late to long.. early to short??
Sonic
Sonic
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Disliked{quote} May I know what is the MM motive here? Is MM taking profit, or building short position? Can figure this out, as the dip to the lowest price today, did not hit below any round/half/quarter number. And most of the recent high volume on M1 are lower low. Yet, I can't digest what this mean. My 2 cents thought is that usd was weak, causing the same effect on most pairs that involve usd (look at eurusd, almost the same effect)Ignored
Disliked{quote} Two things can be happening here. 1. MM's building longs. 2. MM's SL hunting and/or tricking investors to enter short.Ignored
Dislikedtah, After some unpleasant posts i can say i have hit on the right note and i am enjoying the reading. I will be awake most of the night today to read and reread the posts. Thanks a lot for your guidance. Regards, Mukesh.Ignored
Disliked{quote} SaiLyfee, though my post is a partial answer to your questions, still needs to be posted as a reply. Hopefully will help for newcomers. PVSRA weaknesses - Lack of context The way PVSRA used here for so called "position building" has serious weaknesses. The most important one is the lack of mastering the art of reading the market context first. And one shortcoming of this weakness is poor trade timing. Current PVSRA application examples seen here are like simply pulling the trigger and getting into the trade being blindfolded. Shooting just...Ignored
Disliked{quote} Seasons greetings to everyone, my first post in the forum here. I've been studying and applying the Sonic R system for 1 month now. From what I've gathered. The beauty of this system is its discretionary nature, not every Sonic R trader will be doing the same set of trades. Some trader seems to focus more on Scouts and some purely classic. The common timeframes seems to be M15 and H1, some uses larger TF to add context (like Sunbrella), and some scalps with M1 and M5 entries. I've seen success in diversifying my currency portfolio through...Ignored
Disliked{quote}It's because of this I see that instead of building longs, I see they have been building shortsIgnored
DislikedGBP/JPY Week 52 Analysis Weekly Candle : Bullish Engulfing Bias : Short (Mild) http://www.youtube.com/watch?v=C7eVjWtjOQY Note: I explained why I am still Short (Mild) even though we had a Bullish weekly bar. We are also in holiday week.. So. pls take that into account... http://www.youtube.com/watch?v=QUQsqBqxoR4 Happy Holiday... Sonic
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Disliked{quote} I mean: Or something is wrong or there is market for all . It isn't bear AND bull market at same time.Ignored