Whatever is obvious is obviously wrong!"
- #61,021
- Edited 3:01am Oct 17, 2013 2:51am | Edited 3:01am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} I don't think so. Look at closer, if they are buyers then why there is no activity at the second low ? {image} Another reason why I think they are not bulls. You see strong sell off there and then price went up right away. And repeat it multiple times. And why they need to do that? I think they want to keep the price high and those down and up moves seems just a liquidity moves to me.{image} Although AU seems strange to me, I have 9 shorts opened there.
Seems that classic Sonic retry was right:
- #61,026
- Oct 17, 2013 3:53am Oct 17, 2013 3:53am
- | Commercial User | Joined Mar 2008 | 9,078 Posts | Online Now
- #61,028
- Oct 17, 2013 4:11am Oct 17, 2013 4:11am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #61,029
- Oct 17, 2013 4:22am Oct 17, 2013 4:22am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #61,032
- Oct 17, 2013 5:02am Oct 17, 2013 5:02am
- | Commercial User | Joined Mar 2008 | 9,078 Posts | Online Now
With series of higher lows and above dragon.. It may be on the way to 1.6 Sonic
4 hrs later...
Just like every other things.. It is ruled by causes and effects...
Inserted Video
Our job to spot the cause,
Take your position..
Let the effect takes place...
Sonic
- #61,034
- Edited 7:30am Oct 17, 2013 6:48am | Edited 7:30am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Because everybody thinks dolar strongMM make cash
FXRobert,
Your post,
This is the way the market really works, and this was a clear example of it.
"News" is more often an opportunity for the MMs to manipulate price the way they want to, rather than a reason to move it the way expected. The MMs are very greedy, deceiving and opportunistic price manipulators. If anyone did not believe so before, this is evidence staring you in the face. Market prices are determined by those with the money to control prices, and prices are what makes those folks profits, not what would be "dictated" by "news."
Forget a market where prices are reality based and controlled by supply and demand. That market does not exist except in imagination and in the lies of those representing "big money" when they speak about the market to all others that really have no clue.
This price action is a real "case maker" for the saying, "Trade what you see, not what you believe."
As Master Sonicdeejay says, "Let the Dragon and PA show the way." The SonicR Classic is a lower risk, more sure trade when the setup is a proper one. It does not catch all the moves but it proves itself time and again, and the use of well considered Scouts can help in that score from time to time.
The move on GU (attached) suggests a future opportunity. This pump will likely turn out to be a Pump & Dump because the volume on this push up does not compare to the previous sell-off volume, because the big volume in the push was near the top instead of near the bottom, and because the pump took price above a whole number which is where MMs like to build shorts. This all could lead to a H&S coming into play in the week(s) ahead. This currently "potential" H&S is forming up about as nicely as you will ever see!
-tah
- #61,037
- Edited 8:11am Oct 17, 2013 7:52am | Edited 8:11am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #61,038
- Oct 17, 2013 7:56am Oct 17, 2013 7:56am
- | Commercial User | Joined Mar 2008 | 9,078 Posts | Online Now
Watching the dragon..Not so Bullish
Sonic
Sonic
