Sonic R. System

GU, wait candle break..

Entered long on AudUsd

i agree....
sonicdj.......often few words.
TAH is teaching for a long time. thanks

I think we will see 1.328x will hold..from any advancement..
Going below of Dragon will make good CT entry for short..

Sonic

now i see the good old sonic

Told cha.. My sell limit is taken out and tp.ed..within 15 min..SL @ BE and it is free trade now..
Some 1 post before and after chart, as I m on bed with my iPad..

Nite

Sonic

Very good VSA analysis Mr Deejay.
Maybe you can teach us to read the vsa/volume indicator. I am already read you ebook but still not sure to understand it.

Seems somewhat bearish

H.

Scalping what might be the leftover range for today. + 16.5

Total for today +43,5 incl. Gu trade.

Not bad for holiday trading

H.

AJ, EJ, GJ, UJ Market Comment:

Sonicers, watch for possible Island Reversals. This would start with a gap down, taking PA out of the "high zone" and beginning a down trend. Since a gap down is required, the most likely senario would be that it occurs when PA resumes after the holidays/New Year's Day. It would be a way for the "Market" to trap longs, so I'd not put it past those Pecker Head Price Manipulators to try and pull it off.

Boss
love your work, who and what charting softwer, broker ! on Ipad ???
cheers

AJ, EJ, GJ, UJ Market Comment:

The last asian session until the market opens next week started off with a bang on all the major YEN pairs. The price on these was just rammed upwards, and with a volume spike. Analyzing this spike on M1, the high levels of trading continued after the price was hiked. This supports the possibility for Island Reversals next week (refer to your Daily charts w/volume for all of these pairs), as the asian trading outfits are showing a keen desire to get the price high in order to trade it high. They are closing longs and/or opening shorts, most likely both as the asian session continues. Speculative, based on PA/volume.

For my iPad & android phone, I use app called tradeinterceptor..it is free..

sonic

EU Comment:

During the latter part of the London session yesterday, the market sold EU off, heavily. It was a Pump & Dump day. So, the asian outfits might do the same. And more too in the LS today, the last trading until after the holidays.

Totally agree, I feel like this is distribution/accumulation phase and we are about to see a reversal in the trend. For short term analysis I think we will see some markups as the pro's jockey for good short prices. I just wonder how long it will range.

I'm kicking myself in the butt because I thought the pinbar was a solid reversal signal and ended up getting kicked out near break even instead of taking 30pip profit. I broke my disciplined trading rules trying to go for the big fish and am ended up burnt on it.

I really gotta work on my money/risk management. Picking the right entry's is getting pretty easy, its just when I see them $$$'s I don't know when enough is enough. And price ends up coming back on me.

Trading is hard!

Happy holidays all!

GU Comment:

There is convergence amongst PA, the Trend Line and an internal lower TL of the channel that has been well respected so far. So, we have an indication the market might be readying for another mark down run. There are reasons stated in a previous post that EU might undergo another mark down phase, and now GU is showing some indication too, following it's own Pump & Dump day yesterday.

Here is a thought. There is the possibility the YEN pairs will result in an Island Reversal when trading resumes after the holidays/New Year. And that leads to the possibility that the next mark down phase of such as EU and GU will happen then also. Today, the last day of forex trading until then, might be a "non-event", and maybe for everything.

Today is certainly a day to be careful. Things might move not at all, or only a bit, or hugely. There might be some "Hail Marys", or maybe only a bunch of low scores and no scores.

What Do Pin Bars Really Mean?

While pin bars are great indicators within the realm of basic PA itself, they are not indicative of "instant gratification". Reversals can be held off by the market for a number of follow-on TFs while it continues preparations for making greater profits when the reversal is finally allowed.

The pin bar can be the first bona fide sign the market is readying for a change in direction, closing out shorts or longs bigtime. It stands to reason the better the reversal run might be, the more motivation the market has to delay it. Why? The market has two chores to perform: close existing positions and build new, opposite positions. This takes time. Why? There is no forex trade without willing parties on both sides (or, so we are to trust). Therefore, the market needs willing parties to take the opposite side when attempting to close all of it's current positions. And the market needs willing parties to take the opposite side when building it's new, opposite positions. That is a lot of willing parties to come to aide of the market in the face of a possible reversal! In order to coax them in, the market starts moving prices up and down so as to give hope to those it is trying to coax in that the price is going to continue in the "non-reversal" manner. And in this manner, it can take a while for the market to get all the suckers it needs. Hence, pin bars are not always signs of "instant gratification", but rather a new market phase wherein the market trolls for suckers while it converts from a mark down phase to an accumulation phase, or from a mark up phase to a distribution phase. Once the market has completed reversing its positions (i.e., has found all the suckers it needed), then the reversal is allowed.

There is no such thing as a "free market", not when "big money" in uninhibited fashion determines prices, forcing prices down when it is actually buying and forcing prices up when it is actually selling. The humorous thing about this is that "big money" is the dominant force in the market, with the exception of occasional central bank intervention. As the dominant force, if there was any truth to the "free market" lie, then whenever "big money was buying, prices would reflect that and go higher. And whenever "big money" was selling, prices would reflect that and go lower. The truth is, just the opposite is what "big money" manipulates the prices do while building positions. It is only after building long that "big money" allows the prices to start climbing in ernest. It is only after building short that "big money" allows prices to start dropping in ernest.

Oh, to be sure, there are many times contests between "big money" members. Some are "reversal ready" while others are not and are trying to prevent a reversal. Maybe in that sense, there is some element of "free market" at work, where equally powerful price maniuplators duke it out. But, it makes more sense to view that as nothing more than an example of "there is no honor amongst thieves" than anything else, since they both are adhering to their price manipulation capabilities to get prices to go their way.

EJ (and other YEN pairs) Comment:

Gee, what better time than the month of December, the holiday month, to put on a buying spree. It doesn't matter that trading levels are lower because many are simply not trading. Go ahead and buy, buy, buy anyway! Build that long position! It doesn't matter that by buying at such a time, you are raising the price on yourself! Go ahead, buy, buy, buy!

Ha! More likely than not, the market is selling! Read that as meaning the market is manipulating prices up while closing it's longs and opening shorts. It is a pullback in a down trend. The market is forcing prices higher to coax in suckers to go long, as it prepares for the next leg down. (Speculative, based on price-volume)

EU Comment:

Since yesterday, the mkt. has pumped prices back up (ref: FR 62% retrace) to a good place to resume down trend. FO is upon us, and not looking all that bullish so far. A medium impact EUR release soon coming......

BTW, shorts get the advantage of the swap, if that means anything at this point.

EU: Entered short.