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Sonic R. System

  • #52,261
  • Jul 1, 2013 9:03pm Jul 1, 2013 9:03pm
  •  Frv
  • | Joined Dec 2010 | Status: Keep working and you will get there | 77 Posts
I agree with you ....
When I started to learn about FOREX, my biggest goal has always been to understand how the market actually worked and who moved, and believe it or not this kind of information is very hard to find. It is hard to find traders who use the right concepts as you, who understand the principles behind the Market. And your works is reflecting that, in this huge amount of pips in their reports. No doubt on that. That's why i'm here.
For me it was always more important to understand the market, and you seem to have that clarity. I could not to miss the chance to ask you.
Because I believe that you develop their methods from that knowledge about MM's.
So my intention was to learn more about how the MM's move the market .... The principle behind the method ......tks again
" Keep walking and you will get there "
  • #52,262
  • Jul 1, 2013 9:22pm Jul 1, 2013 9:22pm
Hi everyone,

For GJ, I'm seeing MMs loading for longs. What do you think? Am I on the right track? The recent push down leads me to believe they've taken stops from 151.383 level.
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insanity: Doing the same thing over... and expecting different results -AE
  • #52,263
  • Edited 10:19pm Jul 1, 2013 10:05pm | Edited 10:19pm
Quoting qFish
Hi everyone, For GJ, I'm seeing MMs loading for longs. What do you think? Am I on the right track? The recent push down leads me to believe they've taken stops from 151.383 level. {image}
PVSRA, GJ: Bulls or Bears?

Where do you see MMs loading for longs?
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  • #52,264
  • Jul 1, 2013 10:25pm Jul 1, 2013 10:25pm
Quoting traderathome
{quote} GU Long Trade: Added long #5, Scout. Post-London session MMs are dragging the price back down to use up any liquidity at lower prices to get their long orders filled. This could go lower, but this additional long entry is suitably spread out from the others. This pullback right on the heels of the close of the LS, to take advantage of any liquidity, is a very bullish sign imho. Adjusted TP. {image}
GU Long Trade:

Added long #6, Scout. It was a pending order placed in case the MMs sufficiently lowered the price. They did. Adjusted TP.
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  • #52,265
  • Jul 1, 2013 10:30pm Jul 1, 2013 10:30pm
PVSRA Lesson

Do you see the important difference?
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  • #52,266
  • Jul 1, 2013 10:39pm Jul 1, 2013 10:39pm
Quoting traderathome
PVSRA Lesson Do you see the important difference? {image} {image}
GBPJPY is happening at 1/2 SR while GBPUSD happening near whole number?

Hence GBPJPY MMs hiked the price to shrot while GU MMs lowered to price to long?
  • #52,267
  • Edited 11:14pm Jul 1, 2013 10:49pm | Edited 11:14pm
Quoting akyong
{quote} GBPJPY is happening at 1/2 SR while GBPUSD happening near whole number? Hence GBPJPY MMs hiked the price to shrot while GU MMs lowered to price to long?
The Important Difference!

What you said shows you are getting it. Just remember, volume is a picture worth a thousand words and if volume supports what else you determine, you got it! Remember, too, that when it comes to volume, it is not so much the actual amount as it is the way it is changing that matters most. Yes, when suddenly a whopping amount appears it is darn worth noting, but otherwise even just the relative change in volume can be the true clue.

With GJ, the price dropped and volume dropped too. And with this happening at the half number, after this already turned at the upper whole number, PVSRA is screaming "BEARS!" On the other hand, with GU the price dropped but volume increased. And with this happening as the price dropped down to a whole number SR, PVSRA is screaming "BULLS!"

Good stuff on your part.
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  • #52,268
  • Jul 1, 2013 10:51pm Jul 1, 2013 10:51pm
Quoting traderathome
{quote} The Important Difference! {image} {image}
Oh, didn't get it right haha. But thanks much Prof Tah for the lesson learnt
  • #52,269
  • Jul 1, 2013 11:05pm Jul 1, 2013 11:05pm
Quoting akyong
{quote} Oh, didn't get it right haha. But thanks much Prof Tah for the lesson learnt
If you learned something more about how important the volume story is when price is around key SR, great. I think you did quite well. Nobody else even ventured out from their shelters.
  • #52,270
  • Jul 1, 2013 11:08pm Jul 1, 2013 11:08pm
Quoting traderathome
PVSRA Lesson Do you see the important difference? {image} {image}
The difference is the general trend.
GBP/JPY: PA is generally rising. Candle is coming down off of highs. Higher prices are favored more than lower prices. MMs are BEARS building SHORTS.
GBP/USD: PA is generally declining. Candle are low. Lower prices are favored more than higher prices. MMs are BULLS building LONGS.
My mother language is Spanish, so, please, be patient with me.
  • #52,271
  • Jul 1, 2013 11:15pm Jul 1, 2013 11:15pm
Quoting traderathome
{quote} The Important Difference! What you said shows you are getting it. Just remember, volume is a picture worth a thousand words and if volume supports what else you determine, you got it! Remember, too, that when it comes to volume, it is not so much the actual amount as it is the way it is changing that matters most. Yes, when suddenly a whopping amount appears it is darn worth noting, but otherwise even just the relative change in volume can be the true clue. With GJ, the price dropped and volume dropped too. And with this happening at the...
Learned a lot from this post!! It's indeed how important the volume is!
  • #52,272
  • Jul 1, 2013 11:19pm Jul 1, 2013 11:19pm
Quoting banteka
{quote} The difference is the general trend. GBP/JPY: PA is generally rising. Candle is coming down off of highs. Higher prices are favored more than lower prices. MMs are BEARS building SHORTS. GBP/USD: PA is generally declining. Candle are low. Lower prices are favored more than higher prices. MMs are BULLS building LONGS.
Your paper was submitted late. Only half credit!

Just kidding. What you are saying is all true and important. However, I clearly marked in yellow the only area to be analyzed. It represented current PA, not old and moldy PA. You have to do this to be sure what is happening now fits the overall picture. If not, then there might be a problem and more time and more PVSRA is needed before coming to conclusions and setting your strategy to trade. Technically, though you are right in what you said, you did not answer the question on the exam!

Still, you ventured out of your shelter. That is commendable. Good going.
  • #52,273
  • Jul 1, 2013 11:23pm Jul 1, 2013 11:23pm
Quoting traderathome
{quote} Your paper was submitted late. Only half credit! Just kidding. What you are saying is all true and important. However, I clearly marked in yellow the only area to be analyzed. It represented current PA, not old and moldy PA. You have to do this to be sure what is happening now fits the overall picture. If not, then there might be a problem and more time and more PVSRA is needed before coming to conclusions and setting your strategy to trade. Technically, though you are right in what you said, you did not answer the question on the...

I was writing my answer while you and others were writing too. Yes, I was late but I was studying the charts...

Thank you TAH for your words.
My mother language is Spanish, so, please, be patient with me.
  • #52,274
  • Jul 1, 2013 11:36pm Jul 1, 2013 11:36pm
Quoting traderathome
{quote} PVSRA, GJ: Bulls or Bears? Where do you see MMs loading for longs? {image} {image} {image}
Remember This?
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  • #52,275
  • Jul 1, 2013 11:42pm Jul 1, 2013 11:42pm
Quoting hansma
UJ short - after a nice long compression up. Regards, H. {image}
Now I agree.
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  • #52,276
  • Jul 1, 2013 11:46pm Jul 1, 2013 11:46pm
UJ Short Trade:

Entered short #1, Scout. M1 PVSRA shows MMs just hiked price and went to town trading the higher prices, indicating they are bears.
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  • #52,277
  • Jul 1, 2013 11:55pm Jul 1, 2013 11:55pm
Quoting traderathome
{quote} GU Long Trade: Added long #6, Scout. It was a pending order placed in case the MMs sufficiently lowered the price. They did. Adjusted TP. {image}
GU Long Trade:

Added longs #7 and #8, Scouts. MMs suddenly drove price down to/thru the lower whole number SR, with higher levels of trading occurring at the lower prices, indicating the MMs are bulls. Adjusted TPl
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  • #52,278
  • Jul 2, 2013 12:21am Jul 2, 2013 12:21am
Out of Balance?

Interesting situation regarding AU, EU and GU.

AU was just driven over 50 pips lower, subsequent to a AUD release. But, were the truth known, the release might have had nothing to do with it except for the MMs waiting for it to use it as an excuse to drop the price. Why?

EU and GU both look to be setting up for bull runs. AU would likely participate. However, AU already had a run up yesterday. To continue to push it higher might put some aussie pairs out of balance. So, and this is all speculative, maybe the MMs waited for the AUD release to wack the AU price, to lower the price back down so later the MMs can hike it back up, along with hiking EU and GU.

All speculative, but interesting and possible.

Personally, I want to see if the MMs wack it to the 1/2SR area, where I plan a long entry.
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  • #52,279
  • Jul 2, 2013 12:35am Jul 2, 2013 12:35am
Gold: Remember This?

PA never did make a decent retrace, which is not so good a bull sign. And already PA is looking weak at the current highs. In fact, PVSRA shows the MMs hiked the price on increased volume. Looks like a Pump & Dump, with the price left up there for the purpose of ongoing shorting. This break up through resistance might turn out to be just another head fake move. M1 PVSRA is indicating the MMs are bears.
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  • #52,280
  • Jul 2, 2013 12:39am Jul 2, 2013 12:39am
Silver, Too!

Looks like it was hiked back up for no reason than to resume short building at higher prices.
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