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Sonic R. System

  • #61,441
  • Oct 29, 2013 4:39am Oct 29, 2013 4:39am
UJ - consolidating..
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Whatever is obvious is obviously wrong!"
  • #61,442
  • Oct 29, 2013 4:50am Oct 29, 2013 4:50am
Quoting traderathome
{quote} EJ: The half number has finally been traversed with PA remaining mostly below it, now. The MMs are not giving up high grounds except to do so slowly. At this point there exists a compound PA wave of lower HLs, the Dragon is angled down, the Trend is angled down, the Dragon has crossed down thru the Trend, and PA is below both the Dragon and the Trend. This is M30 and this is very bearish. And the Week candle is becoming more strongly bear with a high lower than the high of the prior Week bull candle, and the current price below the close...
PA bearish but.
Monitoring closely

Sonic
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  • #61,443
  • Oct 29, 2013 6:28am Oct 29, 2013 6:28am
Quoting Gloryrose
{quote} {image}{image} I agree with u.
Am I right?
  • #61,444
  • Oct 29, 2013 6:36am Oct 29, 2013 6:36am
Quoting sonicdeejay
{quote} PA bearish but. Monitoring closely Sonic

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Told Cha..

Sent the Scouts...


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Sonic
  • #61,445
  • Oct 29, 2013 6:40am Oct 29, 2013 6:40am
Quoting loeil
{quote} UJ - Opened some new longs. Seems like someone is interested of buying. {image}
UJ - set some possible target areas for my longs (which are on the second account).
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Whatever is obvious is obviously wrong!"
  • #61,446
  • Oct 29, 2013 7:02am Oct 29, 2013 7:02am
Gold

Something fishy is going on!

price has been knocked down and volume has increased on the lows. Anticipating bad US Data.

Could this be that they are getting better prices for their long on gold thus weakening the US dollar vs the other pairs
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  • #61,447
  • Oct 29, 2013 7:20am Oct 29, 2013 7:20am
Quoting marvas
Gold Something fishy is going on! price has been knocked down and volume has increased on the lows. Anticipating bad US Data. Could this be that they are getting better prices for their long on gold thus weakening the US dollar vs the other pairs {image}
I am bullish..



Sonic
  • #61,448
  • Oct 29, 2013 7:28am Oct 29, 2013 7:28am
AU Closed my short trade

This is my big boy trade. I made a slight profit of 411 points.

I just don't trust what i'm seeing with gold getting hammered down down with high volume and then at the lows volume increasing. Bullish signals
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  • #61,449
  • Oct 29, 2013 7:36am Oct 29, 2013 7:36am
Quoting sonicdeejay
{quote} I am bullish.. Sonic
Sonic, can you please explain why?
  • #61,450
  • Oct 29, 2013 8:21am Oct 29, 2013 8:21am
Quoting jasakreatif
{quote} yes you are right sir, let see if short GU {image}
just closed

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EUR long , for whos keep eur short dont worry its just little test up i take , because i see blue , maybe i wrong.

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  • #61,451
  • Oct 29, 2013 8:24am Oct 29, 2013 8:24am
Quoting marvas
{quote} Sonic, can you please explain why?

See...


Inserted Video


Sonic
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  • #61,452
  • Edited 8:52am Oct 29, 2013 8:39am | Edited 8:52am
Quoting marvas
{quote} Sonic, can you please explain why?
Quoting sonicdeejay
{quote} See... http://www.youtube.com/watch?v=exSt--suaA0 Sonic {image}
Agreed with Sonic..

Marvas look at the chart, what the price tells you?

1. High volume on down bar, besides it has a huge wick. Remember that STRENGTH appears on a DOWN bar.
2. Price came to test the previous are again, area where that high volume appeared. And what you see now? Volume is higher than the previous bars and candle has a big wick again. Another sign of strength, buyers show theyself more and more.
3. What happened after testing? Bull candle closes above the previous one - another sign of strength. Good place for entry.
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Whatever is obvious is obviously wrong!"
  • #61,453
  • Oct 29, 2013 8:43am Oct 29, 2013 8:43am
EJ, Dollar Pairs, and Market in General

So, EJ is taken back to top of range, a whopping 60ish pips range today. This is still bearish because this is not a bull move. The move was quick and decisive and with equally high volumes up and at the top as for going down earlier today. One can conclude the entire range is being used for building. This is in a state of Distribution, imho.

USD "news" good? Bad? And what difference does it make, because the market big wigs already knew what was coming. The xxxUSD pairs did not move down to support "good", nor up to support "not good". These pairs are also bearish, and the market is holding a tight leash as it lets the PA fade away from the former bullish state.

So, again imho, what we have here is a market where the prices are duly controlled by the Big Boys who are simply being opportunistic. so, for example, if something has been long time bullish, but waning at the highs, the market is certainly not going to let it fall on a day like today. It better serves to range or re-hike, because both actions allow wrong side money to make it's mistake and give the opportunistic price controllers the liquidity needed to continue to build for future reversals, that will come at their time and choosing.
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  • #61,454
  • Oct 29, 2013 8:59am Oct 29, 2013 8:59am
Indeed Sir TAH,,,


EJ weekly candle was weak bull...

Sonic


P..S I will be going for a holiday with Mrs Sonic and Lil Sonic. B back by Friday.... Later Guys...
  • #61,455
  • Oct 29, 2013 9:04am Oct 29, 2013 9:04am
Gold.....

Look at H1 and see the spikes up in the topping PA. That is longs closing and shorts opening,.....selling. This was with notable volumes, too. Following this selling at the highs, the price continued to drop on heavy selling. Did buyers come in to stop the drop on high volume? Or, did some opportunistic shorters close some of their shorts for profit? Look at what happened next. The price went back up on increasing volume. This indicates higher prices are now favored, that the opportunistic price movers are simply hiking the price for the resumption of heavy shorting. This PA indicates the market is bearish.

Now, look at the Week chart. Kinda looks like the MMs have constructed a nicely wide sandbox to play in with the prices, as they continue to Distribute. Any pause in downwards movement, yes even upwards moves, might only be considered necessary by the MMs in order to allow wrong side money to come in and make it's mistake so the MMs can have renewed liquidity for selling. Just an opinion.
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  • #61,456
  • Edited 9:33am Oct 29, 2013 9:14am | Edited 9:33am
Quoting sonicdeejay
Indeed Sir TAH,,, EJ weekly candle was weak bull... Sonic P..S I will be going for a holiday with Mrs Sonic and Lil Sonic. B back by Friday.... Later Guys...
Indeed it was a candle getting more strongly bearish, one that looked to just be getting started and that needed more bearish PA for confirmation (this point was stated in earlier posts on EU and EJ). What I stated in the last EJ post is valid. We just cannot know what sudden price manipulations the MMs will cause. This is bearish, still bearish, and today proved nothing except that the bears are opportunistic by taking the day to rehike the price to where they want it for resumed shorting. The price could just as easily have taken a quick hike for loading of more shorts and then gone further down. We don't know what the MMs have planned for PA, but up to that point in time the price action was turning quite bearish.

As I see it, the MMs were opportunistic on all pairs today. EJ has been treated no differently than any other pair. The thing to do is to ignore today's PA on all pairs as being anything but opportunistic as a part of a bigger picture. Just my opinion.

Have a good holiday with your family, Sonic!
  • #61,457
  • Oct 29, 2013 9:26am Oct 29, 2013 9:26am
Quoting jasakreatif
{quote} just closed {image} EUR long , for whos keep eur short dont worry its just little test up i take , because i see blue , maybe i wrong. {image}
tp hit , interesting indeed , i dont know what the news will come

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  • #61,458
  • Oct 29, 2013 9:38am Oct 29, 2013 9:38am
Quoting traderathome
UChf: With EU showing signs of the bear, this continues to show signs of the bull. Note that on H1 there is a confluence of the Dragon, Trend Line and main pivot. Another pull back to/into/thru the Dragon on notable volume would be a strong sign the bulls are in total control of the price and are manipulating it down for yet another grab for shorts at better prices. {image}
UChf:

Here it is! This is the pull back to/into/thru the Dragon on notable volume that indicates the bulls are in control and are being opportunistic with prices, dropping them in order to add longs at move favorable prices! The MMs have not promoted serious moves today on any pair. Across the board, they have only taken the day to be opportunistic and build larger before such moves come.
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  • #61,459
  • Oct 29, 2013 9:55am Oct 29, 2013 9:55am
EJ , i prepare for short in the box of asian , if see the same sign

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  • #61,460
  • Oct 29, 2013 10:00am Oct 29, 2013 10:00am
Hello, does anybody trade classic sonic setups? I was making nice profits for one and a half month but now iam losing almost every trade. I try to find the best setups for every entry but it looks like it stopped work. Can anyone give me an advice?
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