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Sonic R. System

  • #61,261
  • Oct 23, 2013 9:52am Oct 23, 2013 9:52am
quoting TAH:

Quote
PVSRA, Lesson Learned

High volume at lows does indeed denote buying. What we don't know is if it is buying to close shorts, or buying to open longs, or both.


quoting loeil:

Quote
UJ - another example that someone buying there.


Does the following sound correct?:

So at the end of markdown there will be MM buying to close shorts. MM now are out of market (temporarily)

If the MM plan to move price up, the MM need to buy to accumulate prior to markup.

So, there will be two rounds of transactions--buying to close short positions (MM exit market), then subsequent buying to initiate long positions (MM re-enter market). These two rounds can occur close together, e.g. if MM close shorts and then initiate longs advantageously immediately thereafter at low prices, or spaced out, e.g. if MMs instead re-enter by buying in small amounts over an extended period of time (accumulation).

Also, sometimes the MM re-enter by more visible large transactions we can see as (often off-hours) large spikes in volume
  • #61,262
  • Oct 23, 2013 10:03am Oct 23, 2013 10:03am
I really don't understand how people can blow up accounts and still stick with this crazy system.

I am the number #1 trader right now on forex factory. My other account name is Chenzo25 so before you guys run your mouth I back my stuff up.
Trade smarter. Not guessing where price is going to go. It's a shame to see people losing like this and always thinking price is being manipulated. Maybe you should follow the big guys more and not trade against them. Follow the trend on daily and 4h.

Sonic is the only one on here who knows his stuff. Respect to him always.

Good luck
trading on demo is not trading
  • #61,263
  • Oct 23, 2013 10:06am Oct 23, 2013 10:06am
Quoting enzo2325
I really don't understand how people can blow up accounts and still stick with this crazy system. I am the number #1 trader right now on forex factory. My other account name is Chenzo25 so before you guys run your mouth I back my stuff up. Trade smarter. Not guessing where price is going to go. It's a shame to see people losing like this and always thinking price is being manipulated. Maybe you should follow the big guys more and not trade against them. Follow the trend on daily and 4h. Sonic is the only one on here who knows his stuff. Respect...
Heh, we have found the same profile picture from google..
Whatever is obvious is obviously wrong!"
  • #61,264
  • Oct 23, 2013 10:09am Oct 23, 2013 10:09am
UJ Comment

This is a clear display of buying. Maybe the first round was closing shorts, and the subsequent price manipulations to lows by the market makers were to fill newly placed bank orders for longs. Time will tell where all this leads to.

If the banks are now building longs, at what heights will they be placing their orders to close them,....98.00 - 98.50?
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  • #61,265
  • Oct 23, 2013 10:24am Oct 23, 2013 10:24am
EU H1 triple top, anyone ?
  • #61,266
  • Oct 23, 2013 10:26am Oct 23, 2013 10:26am
One more stab at the Bull! Hope for better results. Sell @ 14310 and 14325 (order sitting). SL = 14375. For target 14220.

Reasons-

1) extreme of monthly and weekly range
2) extreme volume at BIG ROUND number .
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Its all in the mind.
  • #61,267
  • Oct 23, 2013 10:45am Oct 23, 2013 10:45am
AU: retracement 50%
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  • #61,268
  • Oct 23, 2013 11:08am Oct 23, 2013 11:08am
Quoting enzo2325
I really don't understand how people can blow up accounts and still stick with this crazy system. I am the number #1 trader right now on forex factory. My other account name is Chenzo25 so before you guys run your mouth I back my stuff up. Trade smarter. Not guessing where price is going to go. It's a shame to see people losing like this and always thinking price is being manipulated. Maybe you should follow the big guys more and not trade against them. Follow the trend on daily and 4h. Sonic is the only one on here who knows his stuff. Respect...
Your account is at -65%, up from -95%, congrats man! nice system!
  • #61,269
  • Oct 23, 2013 11:12am Oct 23, 2013 11:12am
EU Comment

Big banks looking to close longs and grab some premium priced shorts might not be content unless some of them have the "1.3800" price tag, or higher! So, who wants to bet some big banks don't have long closing orders and short opening orders placed up there? Who wants to bet the lackey market makers, always on the lookout for commissions, won't manipulate the price up there to start filling as many of those orders as possible?

Who wants to bet EU won't go into a tailspin afterwards?

And who wants to bet that tomorrow's EUR high impact releases won't have something to do with the timing?
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  • #61,270
  • Edited 11:41am Oct 23, 2013 11:26am | Edited 11:41am
Quoting enzo2325
I really don't understand how people can blow up accounts and still stick with this crazy system. I am the number #1 trader right now on forex factory. My other account name is Chenzo25 so before you guys run your mouth I back my stuff up. Trade smarter. Not guessing where price is going to go. It's a shame to see people losing like this and always thinking price is being manipulated. Maybe you should follow the big guys more and not trade against them. Follow the trend on daily and 4h. Sonic is the only one on here who knows his stuff. Respect...
This must be some dream now
Chenzo25 profile:
It's a shame to see YOU losing like this.. number 1
Attached Image
Whatever is obvious is obviously wrong!"
  • #61,271
  • Oct 23, 2013 12:10pm Oct 23, 2013 12:10pm
Quoting loeil
{quote} This must be some dream now Chenzo25 profile: It's a shame to see YOU losing like this.. number 1 {image}
loeil,

Nice postings, loeil. I've had the person (also posting as enoz2325) on IGNORE for some time now, but I see he came back with more of his BS. And I see that you didn't let his BS postings stand as anything but BS!
  • #61,272
  • Oct 23, 2013 12:10pm Oct 23, 2013 12:10pm
Quoting Antony_sg
AU: retracement 50% {image}
Took AU long also. There is some buyings, not so much that I would think they are bulls, but I think these buyings are enough for fibo retracement.
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Whatever is obvious is obviously wrong!"
  • #61,273
  • Oct 23, 2013 12:25pm Oct 23, 2013 12:25pm
Quoting loeil
{quote} Took AU long also. There is some buyings, not so much that I would think they are bulls, but I think these buyings are enough for fibo retracement. {image}
loeil,

Nice work you are doing here. BTW, check your email.

-tah
  • #61,274
  • Edited 12:51pm Oct 23, 2013 12:38pm | Edited 12:51pm
UCad Comment

Just my take, but it looks like the MMs strongly pushed the price thru the half SR area to keep long standing longs from bailing out, longs that went long in that area a while back, only to see the price drop. Moving the price quickly up thru the area helps to keep many that had lost hope from selling to close out. By keeping these folks from selling, the push required less of an investment and remained strong.

Now, up 100 pips, time to rest before the next run. As the Coca Cola advertisement used to say, "...the pause that refreshes..."
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  • #61,275
  • Oct 23, 2013 12:49pm Oct 23, 2013 12:49pm
Quoting traderathome
{quote} loeil, Nice work you are doing here. BTW, check your email. -tah
Thanks Tah
Whatever is obvious is obviously wrong!"
  • #61,276
  • Oct 23, 2013 1:14pm Oct 23, 2013 1:14pm
Just some trade update. AU.

Hope to close some lower entries in profit. 5/6

H.
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"The future is already written in the past"
  • #61,277
  • Oct 23, 2013 1:23pm Oct 23, 2013 1:23pm
EU added first short. price is near 3800. I think MM's will push price higher.
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  • #61,278
  • Oct 23, 2013 3:06pm Oct 23, 2013 3:06pm
I greet you all,

I think this strategy should be added a very important element, namely the time.

Goodbye
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  • #61,279
  • Oct 23, 2013 4:09pm Oct 23, 2013 4:09pm
Quoting vaxx
I greet you all, I think this strategy should be added a very important element, namely the time. Goodbye {image}

It is, just not in the way you describe. You do not show your vLines, which helps traders to see clearly the open of the London session, so that they do not, without due cause, enter beforehand.

You are suggesting the time between PA wave leg apexes matters. It doesn't. Those that are moving price can do slowly at times, increasing the distance between leg apexes. They can also move price quickly, reducing the distance between leg apexes.
  • #61,280
  • Oct 23, 2013 8:19pm Oct 23, 2013 8:19pm
Important of S & R..

Sonic
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