Sonic R. System

I must be missing something - how have you come to this conclusion?

So far I only see US Dollar based reaction to the fact that the FOMC did NOT do what many expected it to do - some form of tapering.....

TOLD CHA

My account has burst again. It's time for reflection, study and open new account.

@feinan & foxsama
I hope you operated better than me.

Cheers.

Islander, did you took GU long?

Mr. Abe has said he would do what ever is necessary to keep their currency weak. We did not taper so this makes the YEN stronger as we are going to continue our 80 billion a month of printing. This continues to out strip their print rate. Also they are buying about 50 billion US treasuries a month when all other countries are dumping our treasuries.

For sorry i was far from terminal with my LIVE account but anyway, 3dragons rulezzz:

just a small one from earlier today - I posted the 1.6050 area earlier this week....a risky trade as the slippage on trying to close can be brutal.....

The great trader Jesse Livermore once said "When I have to depend upon hope in a trade, I get out of it"

I feel so sorry for many of you who have lost money on GBPJPY and GBPUSD and may have also blown another account as a result of position and average building against the trend.

As I had said in a prior post and was totally ridiculed by Tah, imagine if you had followed the Market Makers and rode the trend on GBPUSD instead of believing that about 900 pips ago that the Market Makers were building short positions, you would be sitting on healthy profits!

Thank you also for the many private messages that I received agreeing with my rationale.

Hindsight is a wonderful thing, but you should never go against the current trend and I am sorry to say that PVSRA is not an advisable method to follow unless you want to sit on massive drawdowns, sleepless nights, anxiety and praying that things will go your way eventually.

Follow Jesse Livermore's example....

It's a punishment for all traders who went against the MMs. Never ever do that DD~50%, no idea what I need to do now

I feel for all who are on the wrong side of that move. Learn from the experience to make you a better trader. That is why you are here.

A 3 dragons GU long. I justify taking this seemingly risky position pre news on basis of analysis of chart action beforehand:
1. GU in strong uptrend
2. H1 showing clear WRB with big volume and even some follow through with a stall before the news.
3. It was a classic 3 dragons entry although I did not place my usual 10 pip plus spread stop as I always do this after the order enterred and there was no time. DD was about 12 pips so was marginal.
4. Only a single unit as news is spiky.





The remaining 3 dragons trades today for me were up a few pips then down a few pips so I stopped and went for a walk instead.

On the PVSARA front I had previously scaled back positions by 80% universally and decided to close them completely early this morning when I found myself looking at them in the early hours instead of sleeping. This has left me with an account significantly reduced but still well funded. I intend to continue to invest time into PVSRA as there is mileage in its analytical side but the way I was applying it was wrong. For me a deeper understanding of the price and volume interactions seems like a good starting point and my reading list includes some of these texts - previously included here. In the interests of sharing knowledge if anyone has other good reads please post.





Also Mastering The Markets by Tom Williams. Its too big to include here but is available via a google search.

....after the initial move up, I bought again and have just closed on the hit of the 1.6100 level.....given the lack of sellers so far, this may go higher....

PS Helicopter Ben is still answering qustions in the Press Conference....

hey mine also.. told cha! second account busted.. might go for third account next week..

Tge trading is more than 90% of psychology))) Here is another one confirmations! Congrats AMIGO!!!

We should be quiet and wait a few hours.

Isn't it the MM's job to be against every one else's trade? So when most are buying including the big banks off course they will be shorting. So, yes MM's are short right now and shorting more then keeps moving price up. They will keep doing this as long as there's more buyers than sellers. This is why I think bearish volume needs to be confirmed with price.

Waiting for what??? Another push up?

Alive and Well

The "parallel" demo account (I will not divulge my real account) is alive and well. Yes, it has suffered. It had been over $11K, up from the starting value of $1k. Now, it is $9.5K. I had hoped to be able to show that after one year, the $1k account became $20k. It could still happen, but my expectations are for something less. In any case, if the account ends up being only $10k after one year, is that not fine? I think so. I especially think so since we have just had a Black Swan sort of event to culminate the MMs Summer Fair, where they have been squeezing blood out of rocks, and now came in with the rock crusher.

Yes, the account is alive and well!

BTW, I learned something more about what our "nice" brokers do when there are margin calls, which I will share in a later post. Also, I want to thank qFish for his work on the Trade Levels indy, as the beta version that I have is the only one I can rely on now to sort out the effects of closed components and non-closed components of trades.

I intend to post updates of my trades, but as I see there will be some work involved to bring order back to this chaos, I want to wait for the dust to settle.

BTW, while I am sympathetic to all like myself that have suffered today, I want to balance any misery with something positive. For all intents and purposes, this Summer Fair and today's rock crushing work is the most extreme manipulation I have seen in my years in the forex market. Therefore, I will consider it a true Black Swan "Process" by which the MMs have, thru price manipulations afar from true representative values of currencies, extracted great wealth from others. Yet the PVSRA based account has thrived, and that is considerably positive! The process might not be over with, however, though I suspect we have just experienced the climax event. But, you never know. The USA is still just two weeks away from "running out of money" for the government to operate, and will need another voting on it by Congress, which as we all know is ruled by the anarchical republicans who tossed the democracy into the laps of the super-rich to control. So, there could be more "priceless" market manipulations yet ahead.

-tah

In accordance with analyzing of PURE PA next level will be @ 1.3525.
I suppose most of SL placed there.

Oanda confirms my point of view:

This is why I think bearish volume needs to be confirmed with price

maflip,

Your post, Well intentioned, positive, accurate! Folks of this thinking will be successful and will determine the shape of things to come.

-tah

So everybody back to Money Management....

Now everybody is making money management and jumping to short again, but I'm afraid the MMs just recovering the price and then pushing it up again. When it ends, never know.