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Sonic R. System

  • #61,681
  • Nov 4, 2013 3:48am Nov 4, 2013 3:48am
Quoting loeil
{quote} AU - another long @0.9470 {image}
AU - another long @0.9424

Forgot to post it earlier too. But the reason was same as other AU longs. I see increasing volume at lows. Besides highest volume appears on a down bar which is strength sign.
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Whatever is obvious is obviously wrong!"
  • #61,682
  • Nov 4, 2013 5:17am Nov 4, 2013 5:17am
short EU

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  • #61,683
  • Nov 4, 2013 5:27am Nov 4, 2013 5:27am
Quoting jasakreatif
{quote} {quote} chart , if sl hit again , i wait NY {image}
closed GU +29pips , loss covered

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  • #61,684
  • Nov 4, 2013 6:02am Nov 4, 2013 6:02am
Quoting loeil
{quote} GU - another long @1.5918 Forgot to post it earlier. Friday's longs were made in a hurry, but still decided to hold them. Let's see how it goes. {image}
GU - set some possible TP areas. TP1 already reached.
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Whatever is obvious is obviously wrong!"
  • #61,685
  • Nov 4, 2013 6:23am Nov 4, 2013 6:23am
Hi,

I'm from Malaysia. Currently my time is 8.22pm (04-Nov-2013). What should be Europe open time and US open time (in Malaysia time)
What is EST? is this refering to US
What is GMT?
Thanks
  • #61,686
  • Nov 4, 2013 6:31am Nov 4, 2013 6:31am
Quoting mohan
Hi, I'm from Malaysia. Currently my time is 8.22pm (04-Nov-2013). What should be Europe open time and US open time (in Malaysia time) What is EST? is this refering to US What is GMT? Thanks
Europe open time is 8:00am GMT. So in Malaysia time 16:00pm (MYT)
EST time is US Time (New York Time - Eastern Standard Time)
GMT is London Time (Greenwich Mean Time)

Check this out:
http://www.timeanddate.com
Whatever is obvious is obviously wrong!"
  • #61,687
  • Nov 4, 2013 6:40am Nov 4, 2013 6:40am
Quoting mohan
Hi, I'm from Malaysia. Currently my time is 8.22pm (04-Nov-2013). What should be Europe open time and US open time (in Malaysia time) What is EST? is this refering to US What is GMT? Thanks

man u asking very basic question here.... actually i surprised wat u did all last 5 years. because i saw u joined year..

any how ... use this link .. this will help u to find open and closed markets... as well as i hoped u near kuala lumpur..if u not that city select ur city simply...

here

cheers
  • #61,688
  • Nov 4, 2013 8:11am Nov 4, 2013 8:11am
Quoting Antony_sg
{quote} Excellent results Should you upload the statement for new members?
Quoting vladrac
{quote} Wouldnt be easier to add this to one of these trade \"recorders\"? myfxbook or here with the Explorer? Regards, Vlad
It is the PVSRA experiment, which I'll continue thru the year. When done, it is done. No more. I'd rather trade, and relax doing other things, than invest time doing this.
  • #61,689
  • Nov 4, 2013 8:14am Nov 4, 2013 8:14am
Trading Classic!
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There is no spoon....
  • #61,690
  • Edited 8:31am Nov 4, 2013 8:18am | Edited 8:31am
It is possible this is a short.

Remember, this is only the first day of the week. Such days are often spent moving prices to better hunting grounds so the MMs can load up for what they plan on later in the week.....

Of course, the early week moves can be traded, but keep a minds eye to the possibility the moves are counter to better ones coming, and do not expect huge moves on the first day of the week.

Thursday and Friday are the big days for USD (unemployment claims, etc) and the move for those days might be what the MMs are wanting to build for, and are wanting to move the prices now so they can start building ahead of time.

But, all said and done, yes, trade what you see on your chart.
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  • #61,691
  • Edited 9:01am Nov 4, 2013 8:48am | Edited 9:01am
UChf:

The area above the whole number seems a nice place to launch a position building move down before Thursday. First, the MMs hold the price up while building shorts, which are only for the purpose of making the position building move profitable. Next, the position building move which will be down and nicely so. It will suck in shorts. As the shorts come in the MMs close out the shorts they have been collecting, and then start building longs for the late week USD move.

Just a theory, but based on a bias that EU is bear and therefore UChf should be bull, and that before a next good bull move there should be a position building retrace.

Time will tell, but I am looking to enter a short counter trend trade if the PA warrants.
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Nine minutes later.......entered Classic short. No TP/SL yet. You will note that the Dragon is very flat, so anything can happen, even that this is way too early to be entering.
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  • #61,692
  • Nov 4, 2013 9:12am Nov 4, 2013 9:12am
EUR/USD ANALYSIS

Daily TF:

  1. On the 7th June a high volume bullish bar was formed which kick started an uptrend on the pair
  2. The trend line has then been tested on the 5th and 6th September. At this present time we are in the process of another test on the trend line

H4 TF:

  1. Here is a clear example of the Wyckoff Theory. There was an accumulation phase where the highest volume trading occurred on the lows.
  2. Price was then marked up with the use of high volume trading and then a side wards price action occurred before another mark up!
  3. At this point all of the long positions are closed and short positions are initiated. A large hint to prove this is the high volume red bar at the top. It has a tall wick ontop of the candle!!
  4. Price has then been marked down till this point where we are at now here there is side wards movement. Another noted is that price has been knocked down with decreasing volume. If this was a genuine downwards move wouldn’t volume be on the increasing side in order to carry on the momentum.
  5. REMEMBER BULLS KNOCK DOWN PRICES IN ORDER TO GET LOWER PRICES FOR THEIR LONGS! AND ONCE AGAIN WE ARE IN A GENERAL UPTREND.

15 min TF:

On the 15 min chart there are numerous hints as to what is going on

Price has followed an Elliot Wave Pattern. At the start of the wave there is a high volume increase in trading (LOW). Price has then gone to the (HIGH) and broke the 34 EMA (DRAGON) and 89 EMA trend line. A (HIGHER LOW) is the formed at point 3 where volume has increase again. Based on the Elliot wave theory price action will then have to break past the (HIGH) to produce a HIGHER HIGH before a valid entry point can be initiated.

My outlook on this pair is BULLISH!

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  • #61,693
  • Nov 4, 2013 9:12am Nov 4, 2013 9:12am
I am waiting on a break of 0.91083 before entering short on this pair, but it will hopefully happen very soon.

Quoting traderathome
UChf: The area above the whole number seems a nice place to launch a position building move down before Thursday. First, the MMs hold the price up while building shorts, which are only for the purpose of making the position building move profitable. Next, the position building move which will be down and nicely so. It will suck in shorts. As the shorts come in the MMs close out the shorts they have been collecting, and then start building longs for the late week USD move. Just a theory, but based on a bias that EU is bear and therefore UChf should...
insideBars==boss
  • #61,694
  • Nov 4, 2013 9:16am Nov 4, 2013 9:16am
UJ:

Volume has been coming in as the MMs have been pushing the price down, so this could be getting ready for a run higher. I have been waiting for a Classic long setup, which it now seems could come today.
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  • #61,695
  • Nov 4, 2013 9:20am Nov 4, 2013 9:20am
Quoting traderathome
UJ: Volume has been coming in as the MMs have been pushing the price down, so this could be getting ready for a run higher. I have been waiting for a Classic long setup, which it now seems could come today. {image}
Nice bullish symmetrical triangle forming too in the DAILY TF
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  • #61,696
  • Nov 4, 2013 9:23am Nov 4, 2013 9:23am
AU - closed 3 trades entered friday for 180 pips.

H.
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"The future is already written in the past"
  • #61,697
  • Nov 4, 2013 9:26am Nov 4, 2013 9:26am
Quoting hansma
AU - closed 3 trades entered friday for 180 pips. H. {image}
SAS Sniper
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  • #61,698
  • Edited 10:02am Nov 4, 2013 9:26am | Edited 10:02am
Quoting marvas
EUR/USD ANALYSIS Daily TF: On the 7th June a high volume bullish bar was formed which kick started an uptrend on the pair The trend line has then been tested on the 5th and 6th September. At this present time we are in the process of another test on the trend line H4 TF: Here is a clear example of the Wyckoff Theory. There was an accumulation phase where the highest volume trading occurred on the lows. Price was then marked up with the use of high volume trading and then a side wards price action occurred before another mark up! At this point all...
EU:

Look at H1. Typically, once the Dragon crosses down thru the Trend on H1 there follows a notable retrace, a bull move up to/into/thru the Dragon. This retrace is the MMs hiking price to load additional shorts and it is a bearish sign of bigger things to come, but yes, it can also involve an Accumulation phase for the retrace Mark Up run. This could be in the works now. Knowing how manipulated EU pricing is it would not surprise me if a retrace is substantial, perhaps moving price up to the Trend and even higher to the RWH mark area, so as to suck in a lot of longs to allow the MMs to load up lots of new shorts. And, if this is the case, it would be natural for the MMs to first load up on longs so they can make extra profits on the retrace move upwards, hence the Accumulation.

This has already dropped a good bear swing of 350+ pips. The high volumes at the previous lows could well be some MMs taking profits on some of their shorts. So a retrace is not out of the question as those MMs will be looking for higher prices to reload shorts. And a retrace is actually a healthy thing to have happen prior to the next swing down. The retrace move, a swing up, could be substantial and a nice long trade, but a counter trend trade and hence should be carefully considered and carefully watched because we can only speculate as to how high it might, or might not go.

Just my take.
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  • #61,699
  • Nov 4, 2013 9:28am Nov 4, 2013 9:28am
AU: Bears (re)building more shorts?
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Newbie trader
  • #61,700
  • Nov 4, 2013 9:28am Nov 4, 2013 9:28am
GBPUSD H1 nice bearish price action, engulfing bar and this hours bar could close a bearish hammer, sell order in place o the break of the engulfing. What do you guys think?
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insideBars==boss
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