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Sonic R. System

  • #41,361
  • Nov 22, 2012 9:41pm Nov 22, 2012 9:41pm
Quoting Robot Trader
USDJPY Short

Looking at the Daily I was looking at a possible channel duplication, but PA seems to have found some resistance at the 80.9 Fib, we also have a Daily 5 wave move where wave 5 is greater and stronger than wave 3. So if this is the top I am now looking for an ABC correction pattern and am looking to join the down move using the M15 SonicR setup.
UJ : SHort. Thank you for charts. Let see if it work.
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Keep Simple...!
  • #41,362
  • Nov 22, 2012 11:04pm Nov 22, 2012 11:04pm
UJ Comment:

This has already produced two nice PA waves which solicited entry. However, an entry before the LS might be too soon. The LS might see PA moved back higher as those outfits once again seek to take advantage of higher prices to add more shorts. That could result in another, new PA wave, and with an EP zone indeterminant at this time. It could be higher. This is the last trading day of the week that the LS outfits can maneuver to take positions, so the odds favor them doing so, rather than PA simply continuing the drop started in the asian session. Just a thought.
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  • #41,363
  • Nov 22, 2012 11:17pm Nov 22, 2012 11:17pm
Inserted Video


I'm sorry it's in italian but he's a genius !
  • #41,364
  • Nov 22, 2012 11:22pm Nov 22, 2012 11:22pm
Quoting umbro
http://www.youtube.com/watch?NR=1&v=...ture=endscreen

I'm sorry it's in italian but he's a genius !
He was once a trader, so knows something about markets
Some people say I'm lucky, but the more I practice the luckier I get
  • #41,365
  • Nov 22, 2012 11:35pm Nov 22, 2012 11:35pm
I didn't know. I think Europe needs more people like him. Unfortunately his short speech has been censured in Italy. Sorry for the out of context post...

Quoting Robot Trader
He was once a trader, so knows something about markets
  • #41,366
  • Nov 23, 2012 12:02am Nov 23, 2012 12:02am
I have three different AU charts ( 15min ) from three brokers. Which one is real ??? First : FXOpen, Second : Alpari, Last : FXCM
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Keep Simple...!
  • #41,367
  • Nov 23, 2012 12:35am Nov 23, 2012 12:35am
Quoting kotlt
I have three different AU charts ( 15min ) from three brokers. Which one is real ??? First : FXOpen, Second : Alpari, Last : FXCM
Alpari are a market maker and their chart looks like a client SL hunt with those spikes
Some people say I'm lucky, but the more I practice the luckier I get
  • #41,368
  • Nov 23, 2012 1:09am Nov 23, 2012 1:09am
Quoting kotlt
I have three different AU charts ( 15min ) from three brokers. Which one is real ??? First : FXOpen, Second : Alpari, Last : FXCM
Here is Alpari (US) with no such spike. So it was local, i.e., on Alpari (UK) server. Yes, it could have been a SL hunt by the broker or some large outfit also trading on that server (as in the server is for a particular liquidity provider bank, and is used by Alpari and others. Not sure. Just speculating). Anyway, that happens off and on with various broker charts. It is part of the forex trading world we live in.
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  • #41,369
  • Nov 23, 2012 1:20am Nov 23, 2012 1:20am
Quoting traderathome
Here is Alpari (US) with no such spike. So it was local, i.e., on Alpari (UK) server. Yes, it could have been a SL hunt by the broker or some large outfit also trading on that server (as in the server is for a particular liquidity provider bank, and is used by Alpari and others. Not sure. Just speculating). Anyway, that happens off and on with various broker charts. It is part of the forex trading world we live in.
Alpari (UK) offer a spread betting account to their UK clients (tax free income for UK traders who use it) but their liquidity feed (or what they do with it) becomes questionable because they are betting against their clients positions (on the basis 95% of retail traders get it wrong) so even when their clients get it right they will want to limit their loss.
Some people say I'm lucky, but the more I practice the luckier I get
  • #41,370
  • Edited 1:52am Nov 23, 2012 1:40am | Edited 1:52am
AU Comment:

Sonicers, check your M1 volume. Some outfits are spiking price up and pouring on the trades at the top of each spike. Based on this activity, the outfits believe this is going down later, and are spiking the price up not as buyers, but as sellers seeking to get short orders filled at higher prices.

Edit: You will see the same happening on EU and GU, too. And there may be more.
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  • #41,371
  • Nov 23, 2012 2:13am Nov 23, 2012 2:13am
I think you might well be correct here, certainly an important level for sellers, of which I am...
  • #41,372
  • Nov 23, 2012 2:39am Nov 23, 2012 2:39am
Quote
Sonicers, check your M1 volume. Some outfits are spiking price up and pouring on the trades at the top of each spike. Based on this activity, the outfits believe this is going down later, and are spiking the price up not as buyers, but as sellers seeking to get short orders filled at higher prices.

Nice call
  • #41,373
  • Nov 23, 2012 2:57am Nov 23, 2012 2:57am
Quote
Sonicers, check your M1 volume. Some outfits are spiking price up and pouring on the trades at the top of each spike. Based on this activity, the outfits believe this is going down later, and are spiking the price up not as buyers, but as sellers seeking to get short orders filled at higher prices.

Edit: You will see the same happening on EU and GU, too. And there may be more.
very impressed with the way you analyze every movement of the market, you are The man.
  • #41,374
  • Nov 23, 2012 4:25am Nov 23, 2012 4:25am
That's normal. Some years ago I was in a class about candlesticks. The instructor showed us a doji can become a spinning top if choosing a different broker. I'd say don't worry so much about that. Choose the broker with the best spread and execution.

Quoting kotlt
I have three different AU charts ( 15min ) from three brokers. Which one is real ??? First : FXOpen, Second : Alpari, Last : FXCM
  • #41,375
  • Edited 5:50am Nov 23, 2012 4:59am | Edited 5:50am
GJ: Entered short. As ususal, SL is mental. Still have US Open to come, which might see more outfits making a spike up for shorting.
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  • #41,376
  • Nov 23, 2012 8:01am Nov 23, 2012 8:01am
Any thoughts on the EJ? It seems according the volume that all the dips are being bought? Or is this just a pump and dump?
  • #41,377
  • Nov 23, 2012 9:35am Nov 23, 2012 9:35am
EU, AU, GU and Gold had strong upmoves, anyone took profit ?
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Keep Simple...!
  • #41,378
  • Nov 23, 2012 9:55am Nov 23, 2012 9:55am
Only on the Eur/usd and usd/chf.
Total 110 pips now but still open, a nice start to the weekend.
Entry on the red line
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To get more profit, not the entry but the exit will make the big difference
  • #41,379
  • Nov 23, 2012 10:06am Nov 23, 2012 10:06am
Quoting rpvrpv
Only on the Eur/usd and usd/chf.
Total 110 pips now but still open, a nice start to the weekend.
Entry on the red line
You mean appro 50 pip per trade ? Excellent trades
Keep Simple...!
  • #41,380
  • Edited 4:03pm Nov 23, 2012 10:15am | Edited 4:03pm
He who waits gets rewarded even on scout trades :nerd:

Have a nice weekend sonicers.

@ Frank - still waiting for that email


Regards,

H.
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