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Sonic R. System

  • #60,721
  • Oct 8, 2013 5:16pm Oct 8, 2013 5:16pm
Quoting traderathome
{quote} EURTRY When I first looked, spread was over 49, and now at close to 29. And another broker has it close to 26. What's the big deal with this pair? Divide both the spread and the day range by 10 and you can see this has a very low range compared to other pairs of similar spread. So why bother with it? Oh, the broker at 26 just dropped to 18 (attached) and then back to 25.90! Wacky, and even at 18 it is not competitive with other pairs due to low range. Divide by 10 and spread is 1.8 and range is a sucky 34 pips! Garbage!!!!! {image}

prof. TAH ,
my question may look stupid , but I didnt understand why to devide the daily range by 10
back to square no one , over trading is my sin , never get the lesson
  • #60,722
  • Oct 8, 2013 5:20pm Oct 8, 2013 5:20pm
Quoting actGsm
this pair have good daily range , and usualy have low spread , normaly 3 to 4 pips spread , this is the first time I see this big spread for this pair , I have been trading this pare for about 8 days ago and first time to have this big spread , any way thx alot for your reply
EURTRY

Looks like it might be setting up for a run down because recent M1 high activity has been at highs and then coming down hard off the highs, suggesting the MMs are bears. The price was then hiked back up on practically no volume at all! So, if some big players are loading up shorts, and are also liquidity providers, they might be responsible for the sudden increase in spread to everyone but themselves, each time they hike the price. That way others have to pay so much to go short when the price is hiked back up, that it has the effect of them going short much, much lower! This is a great example of MMs actually being Market Manipulators of price, thru spread increases in this case.

That is what they (liquidity providing banks) are doing. The are charging a greatly increased fee to get in, such that the fee offsets any price level advantage to others, the price level advantage that they themselves have when shorting at the highs of price cycles.
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  • #60,723
  • Oct 8, 2013 5:32pm Oct 8, 2013 5:32pm
Quoting traderathome
{quote} EURTRY Looks like it might be setting up for a run down because recent M1 high activity has been at highs and then coming down hard off the highs, suggesting the MMs are bears. The price was then hiked back up on practically no volume at all! So, if some big players are loading up shorts, and are also liquidity providers, they might be responsible for the sudden increase in spread to everyone but themselves, each time they hike the price. That way others have to pay so much to go short when the price is hiked back up, that it has the effect...

this explanation is the only logical reason for this sudden spread increase thx TAH for sharing this logical thoughts ,

I talked to my broker support threw chat , replies from them was strange and not logical

Sevan: Well it's during the lowest liquidity during the day right now so the spreads are going to be at their widest between 9pm GMT and about 9:45 GMT
you : but this never happened before , yesterday @ same time spread was normal , same case the day before yesterday
Sevan: I would have to check on the spreads during last nights session however this is normal activity.
Sevan: Again this is a very normal activity and you should see the spreads normalize within the next 10-15 minutes or so. I understand it's inconvenient but it only lasts for about 45 minutes each day.
you: right now spread is 54 pips never saw like this before
you: I will check with other brokers right now
Sevan: Again, the spreads are dependent on market liquidity and demand. If there is low demand in the market then spreads will widen.
Sevan: But see, doing that you're checking a broker with different liqudity providers which means their rates and spreads will always be different from ours. We never advise that you base your trade decisions on other broker's rates.
you: yes I know , but @ least should be somthing similar , there is no must to be the exact same spread , but will be little higher or lower , always traders like to use law spread brokers
Sevan: Of course, however, again, this is normal daily activity. It might be that today just happens to have no one trading that particular pair which would be why it is so high.
you: ok thx for help
back to square no one , over trading is my sin , never get the lesson
  • #60,724
  • Oct 8, 2013 6:08pm Oct 8, 2013 6:08pm
USD/JPY = LONG

MM's heavily selling to add longs and bringing prices back up.

***Please correct me if I am incorrect***
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Take what the market gives you.
  • #60,725
  • Oct 8, 2013 6:41pm Oct 8, 2013 6:41pm
Quoting Tiggrrr
USD/JPY = LONG MM's heavily selling to add longs and bringing prices back up. ***Please correct me if I am incorrect*** {image}
UJ

Highest activity in this cycling of price is coming up off the lows, and followed a bit later with a spike down again on increased activity. This indicates the MMs are bulls.

You don't "sell to add longs". You sell to close longs or open shorts. You buy to close shorts or open longs.
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  • #60,726
  • Oct 8, 2013 6:43pm Oct 8, 2013 6:43pm
EUR/USD = SHORT

Why not plant the "seeds" with the MM's ? TP a little above RWL. Will add more short trades if price increases higher.


EDIT: Sorry tah ! Hahah. I got the terminology a little bit mixed up !
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Take what the market gives you.
  • #60,727
  • Oct 8, 2013 7:26pm Oct 8, 2013 7:26pm
UJ - seems like 61.8fibo held..
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Whatever is obvious is obviously wrong!"
  • #60,728
  • Oct 8, 2013 7:27pm Oct 8, 2013 7:27pm
EJ - 61.8fibo held..
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Whatever is obvious is obviously wrong!"
  • #60,729
  • Oct 8, 2013 7:32pm Oct 8, 2013 7:32pm
Quoting loeil
UJ - seems like 61.8fibo held.. {image}
Nice CHART!
Creditors have better memories than debtors.
  • #60,730
  • Oct 8, 2013 7:49pm Oct 8, 2013 7:49pm
Hit nice 5+ pips with AUD-USD Quick trade....
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Creditors have better memories than debtors.
  • #60,731
  • Oct 8, 2013 8:49pm Oct 8, 2013 8:49pm
Quoting loeil
EJ - 61.8fibo held.. {image}
Numbers Out of the Hat!

loeil,

For the sake of viewers, you should show what you talk about. You referred to the 61.8 fibo level. Was that a FE or a FR study? And where was it placed? Without that information, your stats are meaningless to readers!

Ok, I know what you meant, but not everyone might know. So look at my chart and do the same the next time. Ok? Better yet, edit your two posts and do it now.

On behalf of all present and future Sonicers reading your posts, thanks,
-tah
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  • #60,732
  • Oct 8, 2013 9:21pm Oct 8, 2013 9:21pm
UCad Short Trade:

Entered short Scout #1.

I am reading the volume on lower TF charts as greater when the price is in high areas of PA, and hence this might now be bearish. Price is in the previous high area. These two considerations do not mean the price won't go higher. It might, but I am venturing a short trade entry here. No SL and no TP at this time.
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  • #60,733
  • Oct 8, 2013 10:15pm Oct 8, 2013 10:15pm
Quoting jasakreatif
{quote} GU ep3 short {image}
Quoting jasakreatif
{quote} removed SL move tp upper for recovery mode , add ep3 short {image}
just moved all TP to S1

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  • #60,734
  • Oct 8, 2013 11:16pm Oct 8, 2013 11:16pm
eurgbp long

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  • #60,735
  • Oct 9, 2013 1:13am Oct 9, 2013 1:13am
Quoting jasakreatif
{quote} {quote} just moved all TP to S1 {image}{image}
EUr TP hit , looking for re enter after wave and vol

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  • #60,736
  • Oct 9, 2013 1:37am Oct 9, 2013 1:37am
Quoting jasakreatif
{quote} EUr TP hit , looking for re enter after wave and vol {image}
Eur short

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  • #60,737
  • Oct 9, 2013 2:10am Oct 9, 2013 2:10am
Quoting jasakreatif
{quote} Eur short {image}
lock BE , i dont know where to set TP now vol powerfull , let it run first

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  • #60,738
  • Oct 9, 2013 2:24am Oct 9, 2013 2:24am
Quoting jasakreatif
{quote} GU ep3 short {image}
GU removed TP , lock at BE too

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  • #60,739
  • Oct 9, 2013 2:31am Oct 9, 2013 2:31am
happy day.. he2 , out of desk for a while

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  • #60,740
  • Oct 9, 2013 2:56am Oct 9, 2013 2:56am
Quoting traderathome
GU Comment: Be careful, longs. This has been into this resistance area before and failed. Even now you can see the volume increased as the price rose up thru the whole number (PVSRA), so this might be bearish. Even if it is bullish (due to the high volume at the spike down in the early LS), the US MMs might take this lower themselves for adding longs. There remains less than 25 pips to RDH, too, which could limit further rise. If I anticipated "long" I'd be looking for the US MMs to drop the price below the whole number themselves to add longs...
Right on Sir..
it is such an honour to have u here..

Sonic
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