1.420x acting as support...
We have news out in 30 mins time..
It gonna be fun..
Sonic
We have news out in 30 mins time..
It gonna be fun..
Sonic
Attached Image (click to enlarge)
- #23,581
- Jul 20, 2011 8:26am Jul 20, 2011 8:26am
- | Commercial User | Joined Mar 2008 | 9,071 Posts | Online Now
- #23,582
- Jul 20, 2011 8:33am Jul 20, 2011 8:33am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Now, TAH, no need to get so sporited in your response to Doncex when even Sonic himself has been gently trying to persuade not to follow this course.
I would like to add two questions to the discussion (let's keep a discussion and not a war, ok?):
1) What is your total cumulative open pips loss on this current trade in the EU where you have shorted now six or seven times into the current rally off of last weeks low?
2) Why experiment with pyramidding your losers? I can only imagine what your results would be if you would instead pyramid...
No, I do not want a discussion on the experiment method. It is simple enough. If trading the trend, and a trade "gets away", add at swings, or S&Rs, and wait. My difficulty, at times, has been misjudging trend. Even with that, however, the tally is positive, and enough so as to make this a viable method.
Enough said. I have posted every trade, every component of every trade since this started in November 2010. Practically every one of the posts was done real-time with the charts showing the actual entry/add/close price in the SonicR Chart Panel. And, to defend myself against people such as Doncex, is exactly why I did it this way.
When the experiment is over, I'll post final results. If I could, I'd take it to a separate thread. There are just too many pictures involved to attempt to get them and transfer them one-by-one to new posts in a new thread. I won't allow myself to be pushed into such a monumental effort by the likes of Doncex. If Sonicdeejay asks me not to post any more such trades, which establish continuity thru the experiment, then I will cease and desist. At which point, the eventual completion of the experiment, and results will stay with me, so as to not be any further distraction to anyone.
Between now, and the end of the experiment, I will do more to avoid anything but pure SonicR entries.
As for those of the thought that technical indicators are for losers, the Sonic R. System uses only the 34 ema, for refining entry, The essence of SonicR is pure PA wave analysis. Sonicdeejay also likes the Trend line and a volume study, and he is not a loser!
That is all from me on this topic, unless I am attacked again by someone not now on ignore.
Trade Pure SonicR,
-tah
- #23,583
- Jul 20, 2011 8:45am Jul 20, 2011 8:45am
- | Commercial User | Joined Mar 2008 | 9,071 Posts | Online Now
- #23,584
- Jul 20, 2011 8:48am Jul 20, 2011 8:48am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #23,585
- Jul 20, 2011 8:50am Jul 20, 2011 8:50am
- | Joined Jan 2011 | Status: my blog www.ijhas.blogspot.com | 1,038 Posts
born to speculate
- #23,586
- Jul 20, 2011 8:59am Jul 20, 2011 8:59am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #23,587
- Jul 20, 2011 9:06am Jul 20, 2011 9:06am
- | Commercial User | Joined Mar 2008 | 9,071 Posts | Online Now
- #23,588
- Edited 9:37am Jul 20, 2011 9:14am | Edited 9:37am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU:
It is after the USD high impact release, and they know which way they are going to drive it. So why did they move it back up a bit to continue their trading before they put the drive on?
Edit: Can you guess what strategy is underway (2nd pic)?
WARNING: Speculation.
It is after the USD high impact release, and they know which way they are going to drive it. So why did they move it back up a bit to continue their trading before they put the drive on?
Edit: Can you guess what strategy is underway (2nd pic)?
WARNING: Speculation.
EU:
It is after the USD high impact release, and they know which way they are going to drive it. So why did they move it back up a bit to continue their trading before they put the drive on?
Edit: Can you guess what strategy is underway (2nd pic)?
WARNING: Speculation.
. Mypoint of view is EU short and UC long
- #23,590
- Jul 20, 2011 9:43am Jul 20, 2011 9:43am
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
EU:
It is after the USD high impact release, and they know which way they are going to drive it. So why did they move it back up a bit to continue their trading before they put the drive on?
Edit: Can you guess what strategy is underway (2nd pic)?
WARNING: Speculation.
TAH, I am really trying to understand the 2 charts and the M1 volume, but don't quite see what you are seeing ...... ????
I do see a small support area at 1.4170, and less volume when price going down though.
Perhaps better I stick with M15 / M5 volume.
- #23,591
- Jul 20, 2011 9:45am Jul 20, 2011 9:45am
- | Commercial User | Joined Mar 2008 | 9,071 Posts | Online Now
- #23,592
- Jul 20, 2011 9:47am Jul 20, 2011 9:47am
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
The higher TF goes,, The better accuracy of PA ..
I trade M15 only.. M5 and M1 for whale watching..
Sonic
Need to learn how to watch and swim with the Whales.
- #23,593
- Edited 10:09am Jul 20, 2011 9:54am | Edited 10:09am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
TAH, I am really trying to understand the 2 charts and the M1 volume, but don't quite see what you are seeing ...... ????
I do see a small support area at 1.4170, and less volume when price going down though.
Perhaps better I stick with M15 / M5 volume.
See, they are doing it a third time. They invest to move the price up, where high trading continues, but in a small range. Now who ever heard of raising the price before you buy!
The attached chart shows two other things, which should serve as warnings....
1. It is with apparent ease that they can manipulate the price higher/lower, given the amount of money at their disposal and their willingness to use it, in this case to trigger longs into the market and later stop them out, while running stops on existing shorts at the same time.
2. We can never know when the last price manipulation as occurred.
I am not suggesting this be a method of trading, or a method for selecting entry. Trade pure SonicR. This stuff is just to help reveal what strategy might be behind the PA.
Trade Pure SonicR,
-tah
- #23,594
- Jul 20, 2011 10:09am Jul 20, 2011 10:09am
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
M5 is not nearly so good as M1 to see the SonicR PV study reveal the two strategies at work.
See, they are doing it a third time. They invest to move the price up, where high trading continues, but in a small range. Now who ever heard of raising the price before you buy!
The attached chart shows two other things, which should serve as warnings....
1. It is with apparent ease that they can manipulate the price higher/lower, given the amount of money at their disposal, and their willingness to use it to, in this case, trigger longs into...
That they are moving the price up a bit with the increased volume to the round number/resistance, then they will drop the price harder.
From my view point looking at your M1 chart.
I am referencing your chart as I have problem accessing my chart.
The First box you drew, see how the price drop until it reach around 1.4170 , but the volume bar is very low at 1.4170 even on M1.
Edit: Oh, the 1.4170 down bar that looks like a hammer appear on a much higher volume on M1, also suggest Stop Vol, then price went back up from this bar.
The Second box you drew, after the box, there are 2 quite long down bars, again as price went down fast, buy you noticed that volume diminish.
This is telling me price prefer to go up.
Right now, even after the red USD news, it seem quiet, as price ranging bw 1.4170 and 1.4200.
It needs a bigger Whale to tell it what to do.
- #23,595
- Edited 10:29am Jul 20, 2011 10:18am | Edited 10:29am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
With your explanation, I think I am getting to see your point.
That they are moving the price up a bit with the increased volume to the round number/resistance, then they will drop the price harder.
From my view point looking at your M1 chart.
I am referencing your chart as I have problem accessing my chart.
The First box you drew, see how the price drop until it reach around 1.4170 , but the volume bar is very low at 1.4170 even on M1.
Edit: Oh, the 1.4170 down bar that looks like a hammer appear on a much higher volume on M1, also suggest...
The longer they work an area, like 1.4200, the more they clean it out as retailers lower prices to go short, or to go long. So, it was apparently much easier on this current price manipulation up, to blow right thru the 1.4200 area up to a higher area. You can see from the PV study, this move up required a lot less than previous moves up, yet attained the highest level of all (compare height of green bar to first bar in previous moves up). This is what they might have been planning all along. I bet some of those trades up here are HUGE!
Not too many years back, Soros made hundreds of millions of dollars betting against the GBP. I wonder this time where his EUR short orders are getting executed?
WARNING: Speculation.
Trade Pure SonicR,
-tah
- #23,596
- Jul 20, 2011 10:27am Jul 20, 2011 10:27am
- | Joined Oct 2010 | Status: Hunt the pigs | 422 Posts
That means I don't know how to watch whales ... I must go to the beach / ocean more often.
Need to learn how to watch and swim with the Whales.
seeing through
- #23,597
- Edited 10:56am Jul 20, 2011 10:32am | Edited 10:56am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #23,599
- Jul 20, 2011 10:45am Jul 20, 2011 10:45am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #23,600
- Jul 20, 2011 10:47am Jul 20, 2011 10:47am
EU:
Look at the post above. It is clear the "Market" is in the SELL mode, regardless of how the price moves up and down. Now, it might go up again, or down, or sideways. But, they are selling it off. So, you wait for the next SonicR short setup with a lot more confidence.
Trade Pure SonicR,
-tah
