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Sonic R. System

  • #44,661
  • Mar 6, 2013 3:46pm Mar 6, 2013 3:46pm
AU Comment:

Here is another reason to be suspicious that overall the MMs are, on EU and GU, bulls in bear clothing. AU falls into the same catagory as EU and GU. If EU and GU climb then there is reason for AU to climb, too. Now look at the H4 chart on AU. You will see the potential for an inverted H&S formation to come together. There is enough time this week for it to happen, for the formation to become a qualified inverted H&S. And next week provides the time for it to complete. So, maybe by the end of this week, this does become a valid formation. We will see whether or not it does. If it does, then that casts a lot of suspicion on the MM's bearish PA on EU and GU.

Admitedly, this is very speculative at this point because so much depends on upcoming price action. However, considering how market prices are manipulated, it certainly has enough merit to keep a watchful eye on it, espcially since only one day of full range will take price back to the neckline. And there are two days remaining this week.

-tah
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  • #44,662
  • Mar 6, 2013 3:58pm Mar 6, 2013 3:58pm
EU Comment:

Just to tickle your thoughts, look at this M1 price-volume situation. As late in the day as it can get, while no other big outfits are active and can also take advantage of what some MM is doing, look at what the MM is doing! ......torpedoing and engaging in concentrated buying or selling!

Gee, which is it? Hard to rememeber.....what was that saying......? Oh, yes......

.......Buy low, sell high!
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  • #44,663
  • Mar 6, 2013 4:07pm Mar 6, 2013 4:07pm
Quoting traderathome
EU: Added long trade #3, a Scout. This Scout trade is based on the price having been returned to previous lows, from which there have been strong buying bounces. Also, this is an area below a whole number, where MMs like to build longs, and the most recent PA down here has had higher HLs. This was pullback in that series of higher HLs. Certainly, the MMs can take price lower.

The first trade was a Sonic R. long. MMs quickly pulled the price down and at the lows achieved trade #2 was entered on the basis that the move down was a Torpedo & Buy senario....
EU: Added long trade #4, another Scout and which I think will be the last one. This Scout entry is made for the same reason as the previous, that MMs are torpedoing the price while they can in a low activity market, for the sole purpose of building a long position. These are bull MMs in bear clothing, in my estimate. And here they took the price right down to the previous low. How convenient!
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  • #44,664
  • Mar 6, 2013 4:27pm Mar 6, 2013 4:27pm
GU Comment:

To tickle your thoughts, this one is getting the same treatment as EU, being torpedoed by some MM in a low activity market for the purpose of building long. It is very clear that at each of the significant lows achieved, there is a volume spike indicating the filling of more orders. I sure doubt they are filling short orders!
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  • #44,665
  • Mar 6, 2013 4:31pm Mar 6, 2013 4:31pm
GJ:

And, the same with this one, right to below the whole number again......

The Asian session is off and running, with the Asian session MMs grabbing low for longs right out of the gate!
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  • #44,666
  • Mar 6, 2013 5:01pm Mar 6, 2013 5:01pm
GU: I did change my mind and decided to add to this series of long trades. Entered long #9, a Scout, for obvious reasons.
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  • #44,667
  • Mar 6, 2013 8:33pm Mar 6, 2013 8:33pm
EJ: still waiting for SHORT (maybe tomorrow)

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  • #44,668
  • Edited Mar 7, 2013 12:25am Mar 6, 2013 8:35pm | Edited Mar 7, 2013 12:25am
GJ Short targeting the gap. This is a counter trend trade that I took I am monitoring with a tight stop. I am only in with half a position. This is not the ideal trade but will see what the market decides. This is also a large TF so the movements could be large that is why I must keep a close eye on price action.
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  • #44,669
  • Edited 11:28pm Mar 6, 2013 11:07pm | Edited 11:28pm
Quoting worldfreedom
GJ Short targeting the gap. This is a counter trend trade that I took I am monitoring with a tight stop. I am only in with half a position. This is not the ideal trade but will see what the market decides. This is also a large TF so the movements could be large that is why I must keep a close eye on price action.
On one of your two charts you have the notation that there is rising price and falling volume, and that one is wrong. The reason for the falling volume is simply that on the day the MMs torpedoed price, there was then (and following) a very large amount of trading! This was the MMs loading up longs. Naturally, a pump in price followed, as a Mark Up phase follows an Accumulation phase. As the price has risen the volume has naturally been less because the MMs already have large long positions, and are simply pumping the price to build in profits. All quite normal. Barring any more strong "Dives for Dollars" the next big volume should be as price first enters the Distribution phase, where the MMs suddenly start to bail out of their longs as unsuspecting "others" keep buying!

On the way up, and I do believe this is going higher, there will be other opportunities for the MMs to acquire additional longs, much as a trader adds to a winning position. Today is a case in point. At the open of the Asian session the Asian MMs tanked the price, with highest volumes at the lowest prices, and that can be confirmed simply by examining the price-volume relationship on lower TFs. So, here today the MMs once again torpedoed the price to add more longs.

It follows from this price and volume action that the MMs plan on taking this higher.

I do believe all the YEN pairs will start to dive, and that such an event is "just around the corner"; maybe sometime later this month. Of all the YEN pairs, GJ is the one that might show the greatest strength preceding such a dive. Why? The GBP has been mercilessly hammered in recent months, and now there are signs of high levels of buying. And why not? When something is at a really significant low, that is the time to buy. And such buying would mean that GU rises better than EU, and that GJ goes up stronger than the rest of the YEN pairs. Well, we will see.

-tah
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  • #44,670
  • Mar 6, 2013 11:40pm Mar 6, 2013 11:40pm
USDCHF Comment:

This looks poised to drop, anytime between now until into the London session. I have a pending short order. No SL, no TP at this time.
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  • #44,671
  • Edited Mar 7, 2013 1:43am Mar 6, 2013 11:57pm | Edited Mar 7, 2013 1:43am
GJ Comment:

There is a JPY high impact and multiple GBP high impacts coming up. Today could get real "hairy", meaning whipsaws. Take a look at that last "Torpedo & Buy" and you'll understand what can happen. And think about this, what if swings to that extent happen in both directions before the MMs move it on according to their schedule? This has a very large day range, so whips can also be quite large, and two such whips in opposite directions by the MMs to trigger everybody in and then clean everybody out before the real move?,.......something to think about.
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  • #44,672
  • Mar 6, 2013 11:58pm Mar 6, 2013 11:58pm
Started long trade EU. It is preLondon setup without proper HH, so riski. Dragon angled up, trend becoming up, price bouncing in upper part of dragon. First takeprofit at DPV
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Be coherent with your strategy
  • #44,673
  • Mar 7, 2013 12:16am Mar 7, 2013 12:16am
Quoting traderathome
On one of your two charts you have the notation that there is rising price and falling volume, and that one is wrong. The reason for the falling volume is simply that on the day the MMs torpedoed price, there was then (and following) a very large amount of trading! This was the MMs loading up longs. Naturally, a pump in price followed, as a Mark Up phase follows an Accumulation phase. As the price has risen the volume has naturally been less because the MMs already have large long positions, and are simply pumping the price to build in profits....
I fully agree with your take on the volume and I appreciate your critique. But since there is not a centralized open out cry pit. The price can easily be manipulated by the 5 Market Makers. their algos can be set to trade just with each other or send out false bid and ask prices and retract them before they are filled or they can just let the market move on it own and jump in as they see fit. There are I am sure even more sinister tactics they use to create bias. The market makers buy definition must be taking both long and shorts at all times once their shorts are full from creating liquidity they can simply take the bid away and allow them selves the chance to exit those built up shorts and re-balance their portfolio to their advantage of course before they take it long. Once price has fallen to the level they want they will turn on the bids and volume will return and the market will re connect with volume and price will rise as volume rises. I am just watching the volume on higher time frames and watching what has been happening.
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  • #44,674
  • Edited 1:23am Mar 7, 2013 12:26am | Edited 1:23am
Quoting worldfreedom
I fully agree with your take on the volume and I appreciate your critique. But since there is not a centralized open out cry pit. The price can easily be manipulated by the 5 Market Makers. their algos can be set to trade just with each other or send out false bid and ask prices and retract them before they are filled or they can just let the market move on it own and jump in as they see fit. There are I am sure even more sinister tactics they use to create bias. The market makers buy definition must be taking both long and shorts at all times once...
BTW, my use of "MM" is intended to refer not just to Market Makers, but also to central banks and other extremely large trading concerns, all of which are MMs (Market Manipulators) at one time or another. It is the manipulation of the market price that I am getting at, which can be done by trading outfits with market makers riding their action, or by market makers when there is no action, or by central banks regardless of action! Of course, aside from central bank intervention, all other price manipulation by the MMs is for profit, to keep the ball rolling and to take as much of everybody eles's money as possible in the process.

I try to keep things simple. I don't stop to wonder who might manipulate prices, only that prices more than likely will be manipulated. And I don't follow news content, nor try to figure out the fancy reasons price moves in one direction or the other. I already know that aside from central bank intervention, there is only one reason price will move however it will; so the MMs can make profits.

So, if price is moving up from an initial Accumulation phase, the MMs will encourage it higher on "good" news. But if the news is "bad" the MMs will just do a pullback, and after a suitable mourning period (where they loaded up more!) it will be onwards and upwards again towards their Distribution target area.

You just cannot take things too seriously when the opposition can move price where they want it to be, simply by placing both the buy and the sell to get a transaction at one level and then move on to the next and do the same, and continue doing the same until the price has arrived at the target level. And the transaction at each level being a mico-lot, or nothing at all but a "book entry" and the transaction at the target level being for millions of real money! Sad, but pretty much true when market makers move price during times of a trading vacuum and when there are very few pending orders between start and finish.

So, it all comes back to massive market manipulation much of the time, and by whom or for what "talking head" reason, .....who in hell should care! We just make the best of the moves as we can. I label 'em all as "MMs", and all reasons as "for profit", and my job become quite easy. All I have to do is figure out the direction.

-tah
  • #44,675
  • Mar 7, 2013 12:46am Mar 7, 2013 12:46am
Possible short UJ.
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I know the secret...
  • #44,676
  • Mar 7, 2013 2:04am Mar 7, 2013 2:04am
USDCHF: Entered short. Expect volatility due to upcoming CHF and USD high impact releases, so no SL right now. TP is tentative, and letting it be RDL for now.
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  • #44,677
  • Mar 7, 2013 2:21am Mar 7, 2013 2:21am
Quoting worldfreedom
GJ Short targeting the gap. This is a counter trend trade that I took I am monitoring with a tight stop. I am only in with half a position. This is not the ideal trade but will see what the market decides. This is also a large TF so the movements could be large that is why I must keep a close eye on price action.
Closed GJ short for small profit have entered GU long.
  • #44,678
  • Mar 7, 2013 2:52am Mar 7, 2013 2:52am
UC entered short
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I know the secret...
  • #44,679
  • Mar 7, 2013 2:55am Mar 7, 2013 2:55am
Still seems valid setup forming on UJ. Waiting for PA to cross trend.
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I know the secret...
  • #44,680
  • Mar 7, 2013 3:16am Mar 7, 2013 3:16am
Inserted Video



Go ahead..break it up baby///

Sonic
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