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Sonic R. System

  • #43,541
  • Jan 30, 2013 3:02am Jan 30, 2013 3:02am
Quoting letnanfaw
Thx very much for your reply. What is the mean for : on leg #3 of the wave being traded? If you not mind, can you give the picture about it so I can easly understand about on leg #3. It's mean that I may not put EP(3-4pips) when the price is break for 1st of the dragon,but I have to wait for the wave first? Thx a lot sir....
Nope. You go read the first post, and everything in it! It is all there, so obviously you have not done your homework. Either that, or you really weren't paying attention.
  • #43,542
  • Jan 30, 2013 3:16am Jan 30, 2013 3:16am
Quoting traderathome
EU Comment:

Friggin' SMs are boring, the way they work every last cent out of this piece of shit. Been holding it up, pumping it up, for ages. You'd think they'd have enough shorts now to be appeased. Or, are they still stuck in long positions they just can't get rid of, no matter how high they pump it? Their greed, or fear, whichever is causing them to control pricing in the manner that they have been doing, is getting monotonously boring....

......and by the looks of it, they are going to just keep doing this crap all the way to Friday and NFP relaease. Heck, they'll probably hike the price to 1.3500-1.3550 for the event.

It is getting to the point that it appears the SM mentality is that by continuously hiking EU, no matter what, other folks will be deceived and jump in long. That would, of course, enable SM to get rid of more of its longs. But maybe folks are thinking differently, and SM is just to full of itself, and arrogant to see it. The higher SM hikes the price, the more others see the desperation in SM to get somebody, anybody, to take it's longs off it's hands!
Quoting Zelda
EUR/USD Not trading this pair at the moment. But this is just what i see....
EU: Check the weekly. It is why I suggested yesterday that EU might get rammed above the upper whole number (1.3500) area, and maybe further. By further, the weekly suggests the next area is the 1.3575 area.
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  • #43,543
  • Edited 4:19am Jan 30, 2013 3:22am | Edited 4:19am
Quoting traderathome
UJ: Entered long. Price pulled back to local S&R. Might hold, and might not. But overall, PA looks bullish.
UJ: Manually closed for 40 pips gain, EP1 to TP2.
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  • #43,544
  • Jan 30, 2013 3:35am Jan 30, 2013 3:35am
AU:

Appears the LO MMs (Market Manipulators) are going for possibly a 50% pull back to load up more longs. I have entered my self-imposed limit on this one. But if they get the price down there, I might re-consider breaking that limit.
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  • #43,545
  • Jan 30, 2013 3:46am Jan 30, 2013 3:46am
Quoting traderathome
GU: Although your post was eleven hours ago, I do agree. Look at H1. Easy to see that when MMs moved the price below SR they went "all out" to gobble it up,....twice! In retrospect, this was the purpose of the gap down at the open of the week. MMs were using every tool to get the price down for their feeding frenzy. And now the dragon is angling up, PA is above it, and the Trend Line is leveling off after the 500+ pips drop.

RDH and RWH are converged, and are the top of a single days range. And this is only Wednesday! This means that it is possible price will be around the RWH before the day is over with. And that leaves Thursday and Friday for the MMs to maybe continue a relentless push up of the price, maybe right back to where the last drop started, making the range this week humongous. And also making the price ideal for major shorting, although if this happens you have to know that MMs will be shorting this sucker in response to longs, all the way back up.

There is speculation here, but also evidence that as price based below the S&R level the MMs came to the plate twice for heavy feeding, likely closed shorts (buying) and then came back and opened longs (more buying). And the MMs will want to make a nice profit on that last round of buying. This might be an over simplification, but you can judge the MMs intent yourself when you study the chart.
GU Comment:

See? The MMs (Market Manipulators) are doing it again! Torpedo & Buy, Buy, Buy!
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  • #43,546
  • Jan 30, 2013 4:34am Jan 30, 2013 4:34am
Quoting kotlt
long at 1.5765, sl 1.5741
SL hit again
Keep Simple...!
  • #43,547
  • Jan 30, 2013 4:41am Jan 30, 2013 4:41am
EU: NY session will drop maybe to Pivot area

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  • #43,548
  • Jan 30, 2013 4:43am Jan 30, 2013 4:43am
Quoting kotlt
SL hit again
Still, you stuck to your plan, including the SL, for which you are to be congratulated for managing the trade without malfunctioning.
  • #43,549
  • Edited 5:15am Jan 30, 2013 4:55am | Edited 5:15am
SLs Getting Hit?

Sometimes when we are in trades, price swings against us. There is no indicator that will predict this because it is the MMs (Market Manipulators) making a real-time decision to move price in such a manner. And there is no way to keep it from happening. Sometimes the swing is the beginning of a genuine reversal being put on by the MMs. Sometimes it is the MMs moving price to their advantage, to load up more themselves for the trade. On the chance the swing might be a reversal, it should not be ignored. Yet, on the chance it is just the MMs loading up more for themselves, indicating the trade should be a good one, it really stinks to be stopped out by such a move!

This is why we try and "read" PA, S&R, and volume to get an indication of what the market is up to overall, in the hopes we can better anticipate such "loading up" moves could happen, and set SLs appropriately. And this gets us into predicting, having a bias. That is a killer! I know of no hard and fast rule for placing SLs, because such are always based on parameters that totally ignore how the MMs manipulate the market. Master Sonicdeejay suggests that an 80 pips SL when trading EU should be considered a tight SL. Now you can see why. He is attempting to factor in the possibility that the MMs will manipulate will prices, especially ahead of good runs, but without predicting, or having a longer term bias that might keep a bad trade going as PA undergoes a reversal.

I wish I knew a hard and fast rule for determining when a swing against the trade is a reversal and should have me exit the trade ASAP, and when it is not, and that I should patiently wait and load up more when the MMs do. There probably can never be one simply because the MMs are such unpredictable deceivers. Alas! This is just part of trading.

-tah
  • #43,550
  • Jan 30, 2013 5:03am Jan 30, 2013 5:03am
Quoting kotlt
SL hit again

Hi kotlt,

Just noticed your last 5 trades.

It is good you are putting and using SL.
Nothing wrong when the SL is hit.

Looked at those 5 trades and what do you see that is quite common to those entries when you entered??
And that may be a main reason why SL hit more recently.
  • #43,551
  • Edited 5:42am Jan 30, 2013 5:27am | Edited 5:42am
Quoting traderathome
AU:

Appears the LO MMs (Market Manipulators) are going for possibly a 50% pull back to load up more longs. I have entered my self-imposed limit on this one. But if they get the price down there, I might re-consider breaking that limit.
AU:

Here goes the "takedown"! MMs suddenly pulled the stops for another leap lower, on low volume. The low volume on this move is what suggests all these moves down are so the MMs can "load up", as opposed to being a genuine selloff. All these shenanegans today are ahead of important USD releases, including FOMC statement. And if this is what the London MMs are doing to get better priced longs, imagine what the US MMs might do later!

I am tempted to add long. And I don't want to "miss out" at the lows. But I am suspicious where the true lows might be. We have not yet heard from the US MMs, and they can be extremely forceful when it comes to manipulating prices. Hell, the US MMs might manipulate prices all the way down to RDL, or even the lower whole number area, and back up again! Therefore, I feel it is best to be patient, even if I miss the lows, and if therefore I miss adding another long. And what if this is a pre-news reversal, not a "loading up" move? Nobody knows anything with absolute certainty (except the MMs, who are doing what is being done). Patience.

This is going to be an interesting day, for sure!
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  • #43,552
  • Edited 6:12am Jan 30, 2013 5:45am | Edited 6:12am
Do not focus in a single PA, it is fallacy...(See circle)


Trend is your friend and let the waves guides you along..


~Light Up..Light Up.. as you have a choice..


Inserted Video




Sonic
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  • #43,553
  • Jan 30, 2013 5:52am Jan 30, 2013 5:52am
Quoting sonicdeejay
Do not focus in a single PA, it is fallacy...(See circle)


Trend is your friend and let the waves guides you along..
 ~Light Up..Light Up.. as you have a choice..

http://www.youtube.com/watch?v=jS8IZcx7tJY
Sonic
Yes it is
e/u
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  • #43,554
  • Edited 6:17am Jan 30, 2013 5:57am | Edited 6:17am
Quoting sonicdeejay
Do not focus in a single PA, it is fallacy...(See circle)

Trend is your friend and let the waves guides you along..~Light Up..Light Up.. as you have a choice..

Sonic
On my chart, that candle indicates exceptional activity/spread. And note that MMs move price down before they then engaged in buying during that candle. Note too, this happened in the half number region, and the MMs moved the price down closer to the half number before this bar of buying. And note that later the price took off upwards! Sometimes a single candle, or a series of candle moves, with their volumes and with S&R, can give a clue. Yes, it is all delicate, and to be just a puzzle piece in the bigger puzzle picture.

Keep in mind that a green candle can be bulls buying or bears selling. And a red candle can be bears selling or bulls buying. Where these candles are found, relative to overall PA and S&R are part of the analysis.
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  • #43,555
  • Edited 6:22am Jan 30, 2013 6:09am | Edited 6:22am
Quoting traderathome
GU Comment:

See? The MMs (Market Manipulators) are doing it again! Torpedo & Buy, Buy, Buy!
GU Comment:

Now, PA made another HOD as well as previously breaking yesterday's HOD. After all the activity below S&R, this is bullish.
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  • #43,556
  • Jan 30, 2013 6:14am Jan 30, 2013 6:14am
Inserted Video


Sonic
  • #43,557
  • Jan 30, 2013 6:31am Jan 30, 2013 6:31am
Market Comment:

Yeah, things could continue up. And maybe if so, not far. Look at euro,... in EU H4, in EJ H4. Both pairs are at significant levels, technically. Anticipation by MMs of big news coming might be responsible for the bull trends. And what if the big news is close at hand?
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  • #43,558
  • Jan 30, 2013 6:37am Jan 30, 2013 6:37am
FOMC tonite/today fellas..


https://encrypted-tbn3.gstatic.com/i...KauAi5XqYzF99g

Sonic
  • #43,559
  • Jan 30, 2013 6:40am Jan 30, 2013 6:40am
Quoting traderathome
GU: Although your post was eleven hours ago, I do agree. Look at H1. Easy to see that when MMs moved the price below SR they went "all out" to gobble it up,....twice! In retrospect, this was the purpose of the gap down at the open of the week. MMs were using every tool to get the price down for their feeding frenzy. And now the dragon is angling up, PA is above it, and the Trend Line is leveling off after the 500+ pips drop.

RDH and RWH are converged, and are the top of a single days range. And this is only Wednesday! This means that...
Quoting traderathome
GU Comment:

See? The MMs (Market Manipulators) are doing it again! Torpedo & Buy, Buy, Buy!

Quoting traderathome
GU Comment:

Now, PA made another HOD as well as previously breaking yesterday's HOD. After all the activity below S&R, this is bullish.
GU Comment:

.......Told cha! And a Sonic R. long setup, too boot! Next, the closing of the gap.......
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  • #43,560
  • Jan 30, 2013 7:03am Jan 30, 2013 7:03am
Quoting traderathome
AU:

Here goes the "takedown"! MMs suddenly pulled the stops for another leap lower, on low volume. The low volume on this move is what suggests all these moves down are so the MMs can "load up", as opposed to being a genuine selloff. All these shenanegans today are ahead of important USD releases, including FOMC statement. And if this is what the London MMs are doing to get better priced longs, imagine what the US MMs might do later!

I am tempted to add long. And I don't want to "miss out" at the lows. But I am suspicious where the true...
AU: Looks like MMs working price lower to take out weak hand longs! Waiting to see if US MMs add to the debacle and get price down to a good longing level around the lower whole number.....

....the first of important USD news hits in about 10 minutes.

Note, this was a good short at LO, but I've been long on this and so didn't.
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