And again, the MMs manipulate the price back up to resume adding shorts at better prices......
Attached Image (click to enlarge)
- #55,761
- Aug 8, 2013 3:08pm Aug 8, 2013 3:08pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #55,763
- Edited 4:31pm Aug 8, 2013 3:26pm | Edited 4:31pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} And they are all in serious drawdown currently. The main problem I see it with this thread and method is that round numbers are somewhat important, but actual prior turning points in the market are where supply and demand sit, where orders are waiting, Second, you load up for so long on positions, that you must realize you are actually trading in the wrong direction of the market moves for the time horizon you are trading on. Market makers, Banks, Funds, and all large volume traders loading up massive positions are not closing their trades...
jmflukeiii,
1. We adequately provide for our draw downs, which is why we trade the way we do, and is why we are profitable.
2. Levels are most important. As for where orders sit, so-called supply and demand as being important, the MMs change their orders at will, and often to screw others that are banking on their orders being there when the time comes, which is why we trade the way we do, and is why we are profitable.
3. We understand what market makers and banks do, which is why we trade the way we do, and is why we are profitable.
4. As for a catastrophic trend that stresses position builders, yes we can close resulting in thousands of pips lost, understanding that is just the cost of doing business and is but a fraction of the pips gained between such events, which is why we trade the way we do, and is why we are profitable.
5. And yes, we fully understand that high activity does not necessarily mean "stopping volume", or a reversal. It can mean that, but it can be "stop the move volume" to reset prices for renewed building. It can also be "starting volume" as price leaps out of the starting gates. We understand all of that, which is why we trade the way we do, and is why we are profitable.
6. Finally, we are crusaders, not just traders. We understand that every bit of profit we Sonicers make by not following the "conventional wisdom" touted by the "market", is profit the arrogant, greedy, price manipulating MMs did not make, which is why we trade the way we do!
Gee, thanks for dropping in and sharing with us the extent of your knowledge. You post primarily on other threads, none of which seems to have members posting of their profitable forex experience such as here on the Sonic R. System thread.
-tah
{quote} I am really glad you noted it mate! Now I want to trade this way only. Probably I will loose some opportunities but it looks very promising for me now. {image}
I saw your chart had something I've seen a few times on this thread before but have yet to ask what it is. If you don't mind me asking, what exactly is it? (see chart).
insanity: Doing the same thing over... and expecting different results -AE
- #55,767
- Aug 8, 2013 3:55pm Aug 8, 2013 3:55pm
{quote} Hi DmitryFX, I saw your chart had something I've seen a few times on this thread before but have yet to ask what it is. If you don't mind me asking, what exactly is it? (see chart). {image}
Rdz
Price Is The Best Indicator Itself.
{quote} Agreed and given the current weakness of the US Dollar and the fact that the news releases do not start until Tuesday morning, there is plenty of time for GbpUsd to hit its next upside levels of 1.5400 or even its June high at 1.5740...... Technically, € only has its June high of 1.3415 before its years high at 1.3710 - although the latter would seem to be out of reach before the news releases.......
I like your consideration of time, target levels, and significant news impact. It has light another bulb in this little brain of mine.
Thanks!
-qFish
insanity: Doing the same thing over... and expecting different results -AE
- #55,770
- Edited 4:17pm Aug 8, 2013 4:05pm | Edited 4:17pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #55,772
- Aug 8, 2013 5:10pm Aug 8, 2013 5:10pm
- Joined Oct 2011 | Status: Trader | 1,418 Posts
Small disciplines repeated with consistency lead to great achievements.
- #55,775
- Aug 8, 2013 8:10pm Aug 8, 2013 8:10pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #55,777
- Aug 8, 2013 8:36pm Aug 8, 2013 8:36pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #55,778
- Edited 9:31pm Aug 8, 2013 9:17pm | Edited 9:31pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
