I had a Long... and I am loving it..
Sonic
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Sonic
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- #38,882
- Edited 10:58am Aug 24, 2012 10:45am | Edited 10:58am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
UCad & VSA Commentary:
Take a look at the M15 chart attached. Look at all the green bars during the London session. These are high activity bull bars. Even as the BBs whipped the price up and down, slightly more down than up, this activity continued. Smells like a lot of long position building to me. Here is the clincher. Look at the torpedo job the BBs just did on it! Do you see what I see? I see that the highest activity did not come in until the BBs had the price back down on previous support! This sure looks like one of those "it doesn't happen" times when the price drops not due to "normal" selling, but due to the fact that the price manipulators are buyers! And they just torpedoed the price to build larger long positions at lower prices, at the expense of whoever had pending shorts that got triggered, and whoever had SLs on existing longs that got hit.
As late as it is in the London session, it might well be the BBs are going to continue to work the price in this fashion on into next week before ramming it north.
This is all highly speculative. Please keep that in mind.
P.S: Hansma, take a look at the 2nd chart. I think this is right up your alley! What do you think?
Take a look at the M15 chart attached. Look at all the green bars during the London session. These are high activity bull bars. Even as the BBs whipped the price up and down, slightly more down than up, this activity continued. Smells like a lot of long position building to me. Here is the clincher. Look at the torpedo job the BBs just did on it! Do you see what I see? I see that the highest activity did not come in until the BBs had the price back down on previous support! This sure looks like one of those "it doesn't happen" times when the price drops not due to "normal" selling, but due to the fact that the price manipulators are buyers! And they just torpedoed the price to build larger long positions at lower prices, at the expense of whoever had pending shorts that got triggered, and whoever had SLs on existing longs that got hit.
As late as it is in the London session, it might well be the BBs are going to continue to work the price in this fashion on into next week before ramming it north.
This is all highly speculative. Please keep that in mind.
P.S: Hansma, take a look at the 2nd chart. I think this is right up your alley! What do you think?
- #38,883
- Edited Aug 25, 2012 3:57am Aug 24, 2012 11:25am | Edited Aug 25, 2012 3:57am
UCad & VSA Commentary:
P.S: Hansma, take a look at the 2nd chart. I think this is right up your alley! What do you think?
No thanks - not this one
Regards,
Hans
"The future is already written in the past"
- #38,885
- Aug 25, 2012 5:17am Aug 25, 2012 5:17am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
I normally look at the daily levels and then go down to the 15 min chart to see
how those levels fit around any s+r area.
Hope this helps
Regards,
H.
Thanks for this
..... Surely will give this a go and see where I end up. By the way on the 2nd chart, your have horizontal dotted lines..... Did you draw them manually?
- #38,888
- Aug 25, 2012 5:32am Aug 25, 2012 5:32am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
UCad & VSA Commentary:
, i think i can use it clearly for entry at high timeframe H1 or H4 , low timeframe interpre only for tell there is something happen or unusual. http://www.forexfactory.com/attachme...4&d=1345823666
now this look interisting, i can see purple entry ......
http://www.forexfactory.com/attachme...8&d=1345818448
- #38,889
- Aug 25, 2012 7:32am Aug 25, 2012 7:32am
Thanks for this
Regards,
H.
"The future is already written in the past"
- #38,894
- Aug 26, 2012 10:46am Aug 26, 2012 10:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #38,895
- Edited 11:31am Aug 26, 2012 11:14am | Edited 11:31am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
now this look interisting, i can see purple entry ......
Oh, you have "purple entry" on the 1st M15 chart below? Since you use "pink" for bear, surely "purple" is for bull?
Doesn't look bullish to me. Yes, H4 shows price went up last week, but only to a significant resistance area. There was no Sonic R. long entry when you threw out your "purple" bull comment (1st M15 chart below). Maybe you intended to suggest a long trade there, but then that would not be trading the Sonic R. System. With that dip in the Dragon on M15 when you made your call, there was no way in Hell there would be a M15 long setup anytime soon! About an hour later, but on M5, there was a Sonic R. Long setup. And it ran for 30+ pips. If that is what you were suggesting might occur, you should have stated so, and referred to the M5 chart to be more clear to Sonicers. The price moved up with a notable "selloff configuration" candle at the highs, and finished the day moving back down (see current M15). Apart from scalping on the M5, this is bearish PA overall.
- #38,896
- Aug 26, 2012 11:37am Aug 26, 2012 11:37am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
EU Commentary:
Oh, you have "purple entry" on the 1st M15 chart below?
- #38,897
- Edited 12:28pm Aug 26, 2012 12:12pm | Edited 12:28pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
check this out .. only 1 false signal
Yes, it is. Folks with good ideas, or good observations, as maybe yours is, will take the time to fully explain so others can comprehend and use. That is what makes this thread special.
What I see is that you are focusing on the volume bars that represent 200%+ average volume for a 20 bar period. Of the 6 bars you highlighted, only 4 seem to fit in with a Sonic R. setup breakout, the 1st, 2nd, 5th and 6th. Of those 4, only 3 setups have a breakout in the direction that would have been anticipated, the 2nd, 5th and 6th. And of those 3, the last 2 are really for the same breakout. So, with only a 2 moves out of 6 moves ratio of success, I am unsuccessfully trying to understand what it is here that you are saying.
- #38,898
- Aug 26, 2012 12:16pm Aug 26, 2012 12:16pm
Sorry, you know for a newbie, it is already that tough to learn Forex and having to have more indicators than needed in a system that does not need it is just making things confusing.
When reading this thread, most of the time i need to filter out what is Sonic R and what is not so that my learning does not get confuse.
This is just my opinion which now i understand why TAH gets so frustrated at times.
To prove my point, just ask a newbie to read the recent 2 months of this thread and another newbie to read 2 months of TAH posts, I have a feeling that the one reading just TAH posts will have a stronger basics in Sonic R.
Now some newbie will have to filter out my rumblings....
When reading this thread, most of the time i need to filter out what is Sonic R and what is not so that my learning does not get confuse.
This is just my opinion which now i understand why TAH gets so frustrated at times.
To prove my point, just ask a newbie to read the recent 2 months of this thread and another newbie to read 2 months of TAH posts, I have a feeling that the one reading just TAH posts will have a stronger basics in Sonic R.
Now some newbie will have to filter out my rumblings....
check this out .. only 1 false signal
Veni, Vidi, Vici
- #38,899
- Aug 26, 2012 12:20pm Aug 26, 2012 12:20pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
Sorry, you know for a newbie, it is already that tough to learn Forex and having to have more indicators than needed in a system that does not need it is just making things confusing.