Ah well targets reachedLetīs see how this one goes... Regards, H.
{image}
All 3 downside targets hit
Regards,
H.
"The future is already written in the past"
- #45,728
- Apr 4, 2013 1:32pm Apr 4, 2013 1:32pm
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #45,729
- Apr 4, 2013 2:26pm Apr 4, 2013 2:26pm
Read the 1 post, there are links to different stuff. Templates and so on.. EP - Entry Point MM - Market Maker/s (I think so) RDH - Daily Range High RDL - Daily Range Low SonicR PVA find here: http://www.forexfactory.com/showthread.php?p=4907937 ("http://www.forexfactory.com/showthread.php?p=4907937") But this is the same as VSA, just the renamed..
- #45,731
- Edited 3:21pm Apr 4, 2013 3:08pm | Edited 3:21pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #45,732
- Apr 4, 2013 3:20pm Apr 4, 2013 3:20pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #45,734
- Apr 4, 2013 3:29pm Apr 4, 2013 3:29pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #45,736
- Edited 4:01pm Apr 4, 2013 3:35pm | Edited 4:01pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #45,737
- Apr 4, 2013 3:46pm Apr 4, 2013 3:46pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #45,738
- Apr 4, 2013 4:17pm Apr 4, 2013 4:17pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{image}- #45,740
- Edited 9:43pm Apr 4, 2013 8:56pm | Edited 9:43pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
UCad Comment, Price Volume Analysis:
I read the PVA story on M15 as indicating the MMs continue to be bulls.
Before the LS yesterday there were two drives down (red volume bars w/candles with long lower wicks) with price immediately coming back up. This was buying, bull MMs driving price down to add longs. Soon after the US Open there was heavy buying by the US MMs also (tall green volume bar followed by red and blue). However, immediately following this the MMs reversed and put on a bear drive which was sustained thru much of the rest of the day. This bear drive was also bull MMs driving the price down to add longs. The tall red volume bar for the candle making the low of the day is the key to seeing that once the MMs had the price sufficiently down, they quickly increased the amount of trading they were doing,....buying at the lower lows as they broke the price down thru previous S&R (yellow area). Note that there was another surge of buying as the bull MMs rammed the price back up thru this S&R area (green volume bar and candle) and then supported the price to protect their profits.
Keep in mind that all of this was happening in a range of about only 60 pips from top to bottom, and any price within this range will turn out to be a good entry long price once the MMs finally decide to begin the real Mark Up of the price. This 60ish pip drop undoubtedly brought in a lot of shorting bears, just what the bull MMs needed to provide the market liquidity for them to continue adding longs.
The Mark Up phase could begin with the upcoming multiple USD high impact releases this last day of the week. While we can figure out if the MMs are bulls or are bears, we can never know their planned timing of breakouts. Let's see what happens, because they could put this off again for yet another week of accumulation.
I hope this post, and others like it to follow, will help Sonicers that are dedicated to learning how to use volume. I believe a trader has an extra edge if they can determine if the MMs are bulls or are bears. Nothing more reliably determines that than properly using volume in conjunction with PA and S&R. I believe if you correctly determine if the MMs are bulls or are bears you will have better results trading the Sonic R. System setups.
-tah
I read the PVA story on M15 as indicating the MMs continue to be bulls.
Before the LS yesterday there were two drives down (red volume bars w/candles with long lower wicks) with price immediately coming back up. This was buying, bull MMs driving price down to add longs. Soon after the US Open there was heavy buying by the US MMs also (tall green volume bar followed by red and blue). However, immediately following this the MMs reversed and put on a bear drive which was sustained thru much of the rest of the day. This bear drive was also bull MMs driving the price down to add longs. The tall red volume bar for the candle making the low of the day is the key to seeing that once the MMs had the price sufficiently down, they quickly increased the amount of trading they were doing,....buying at the lower lows as they broke the price down thru previous S&R (yellow area). Note that there was another surge of buying as the bull MMs rammed the price back up thru this S&R area (green volume bar and candle) and then supported the price to protect their profits.
Keep in mind that all of this was happening in a range of about only 60 pips from top to bottom, and any price within this range will turn out to be a good entry long price once the MMs finally decide to begin the real Mark Up of the price. This 60ish pip drop undoubtedly brought in a lot of shorting bears, just what the bull MMs needed to provide the market liquidity for them to continue adding longs.
The Mark Up phase could begin with the upcoming multiple USD high impact releases this last day of the week. While we can figure out if the MMs are bulls or are bears, we can never know their planned timing of breakouts. Let's see what happens, because they could put this off again for yet another week of accumulation.
I hope this post, and others like it to follow, will help Sonicers that are dedicated to learning how to use volume. I believe a trader has an extra edge if they can determine if the MMs are bulls or are bears. Nothing more reliably determines that than properly using volume in conjunction with PA and S&R. I believe if you correctly determine if the MMs are bulls or are bears you will have better results trading the Sonic R. System setups.
-tah
