Disliked{quote} Your PVSRA tells you that MM are bulls? And what is your trading system anyway? I see it's not sonicR like other users. MMs seems bearish to me. Activity increased at highs. And look what the activity tells you, where it decreased and where increased. {image}Ignored
I trade price action which is market emotions. I trade support and resistance. Sometimes I tade news. And that's all.
I looked into trading systems @ forex factory in search for a solid system that would help me make my trading easier
and perhaps more profitable. So now following SonicR. It takes time and practice to soak it in.
I like how you guys determine the trend from price action. And then you stick with your analysis and add to your initial position.
I have always wanted to add to a position but didn't know a safe way to do that. Here I found that decreasing a lot size is
one way to do it.
Just because I need to add a picture, I show you my AU trade. It's based purely on the fact that it has fallen greatly (initiated by
decreased interest rate) and started ranging at the bottom. Perhaps sonicers would say that bears ran for profit and closed their positions
at the bottom where the range started.