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Sonic R. System

  • #62,401
  • Nov 20, 2013 10:36pm Nov 20, 2013 10:36pm
You have a way with words Tah
"MM's Thanksgiving short gobbling area"
  • #62,402
  • Nov 20, 2013 11:36pm Nov 20, 2013 11:36pm
Quoting traderathome
BOJ Today a Big DeaL!.....and PVSRA says the MMs are Shorting! Yep, just look at GJ for confirmation. Yesterday the price was pushed up above the half number SR where huge trading volume took place. Later in the day there started an even more monstrous building of shorts which drove the price down (I took a short entry there). Then, in the after hours market, when it was easier to do so, the market makers stopped the drop and supported the price. Very late in the day, the easiest time of all to control price, the market makers began moving the price...
Thanks a lot for the eye opener........been following this thread for quiet a while now.
For this particular trade,where will u now consider your exit points...i mean both SL and TP
  • #62,403
  • Nov 21, 2013 1:19am Nov 21, 2013 1:19am
Quoting diginime
{quote} Agree, accumulation happened at yellow box area, nice resistance line too. TP set at RDL =) {image}
Accumulation? Then why you are selling?

Accumulation - adding longs
Distribution - adding shorts
Whatever is obvious is obviously wrong!"
  • #62,404
  • Nov 21, 2013 1:20am Nov 21, 2013 1:20am
Quoting hiswords
{quote} Thanks a lot for the eye opener........been following this thread for quiet a while now. For this particular trade,where will u now consider your exit points...i mean both SL and TP
I have no SL nor any target set. I will probably not set any SL and wait out whatever happens. As for a TP, probably literally hundreds of pips lower. Still thinking on that.
  • #62,405
  • Nov 21, 2013 1:45am Nov 21, 2013 1:45am
Quoting loeil
{quote} Nice job as always
Thanks loeil
Newbie trader
  • #62,406
  • Nov 21, 2013 1:46am Nov 21, 2013 1:46am
Quoting ttskyway
{quote} Hi fex: Could you please share the indi on the bottom right of your chart that shows open pairs, positions, p/l. I've search on this thread and have tried Show_AverageEntryPrice and Show_BreakevenLevel but they are different and not as neat. Many many many thanks!
Of course...
Attached File(s)
File Type: mq4 0 - Open Positions v2.mq4   14 KB | 519 downloads
Newbie trader
  • #62,407
  • Nov 21, 2013 2:03am Nov 21, 2013 2:03am
Quoting fex
{quote} Of course... {file}

Thanks fex!
  • #62,408
  • Nov 21, 2013 3:20am Nov 21, 2013 3:20am
UJ - this is definitely not a healthy trend.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15.png Size: 29 KB
Whatever is obvious is obviously wrong!"
  • #62,409
  • Nov 21, 2013 3:35am Nov 21, 2013 3:35am
EU:

Nice whack job by the market makers, whisking the price down to the whole number area to fill some more orders for those dirty rotten stinking greedy banks.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2013 - 144.png Size: 61 KB
  • #62,410
  • Nov 21, 2013 3:37am Nov 21, 2013 3:37am
Quoting sonicdeejay
Possible Bullishness in GLD... FOMC will be the key.. Sonic

Attached Image

Inserted Video



Not so bearish..to me


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 43 KB
  • #62,411
  • Nov 21, 2013 3:46am Nov 21, 2013 3:46am
Quoting loeil
UJ - this is definitely not a healthy trend. {image}
Agree. MMs adding more and more shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ1.png Size: 44 KB
  • #62,412
  • Nov 21, 2013 3:47am Nov 21, 2013 3:47am
Quoting sonicdeejay
{quote} http://www.youtube.com/watch?v=1OJRRUnY--A Not so bearish..to me Sonic {image} {image}
Can you explain your chart pls?
  • #62,413
  • Nov 21, 2013 3:47am Nov 21, 2013 3:47am
Hi master sonic,

May I know what are those arrows on your chart?

Thank you
  • #62,414
  • Nov 21, 2013 3:52am Nov 21, 2013 3:52am
Quoting sonicdeejay
{quote} http://www.youtube.com/watch?v=1OJRRUnY--A Not so bearish..to me Sonic {image} {image}
Not so bearish? Come on!

Just look at the three H4 bear bars knocking the price lower. The bottom bar is the lowest volume of all three! If it has been highest, I might suspect short closings which could later lead to long openings for a strong recovery. But the bottom bar does not suggest that at all. Just more selling.

Of course, after a hit like this, a trader could slap on the FR study and look for a good pullback for a short trade. And yes, the bigger the hit, the bigger the pullback might be, and hence, a possible long trade that is counter trend. However, gold is highly manipulated, and therefore safest to trade the trend.

Which is down.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2013 - 145.png Size: 52 KB
  • #62,415
  • Nov 21, 2013 4:02am Nov 21, 2013 4:02am
Quoting traderathome
{quote} UJ Short Trade Update: The first of my 7 trades (5 parts) stopped out for a loss of 418 pips. This leaves 6 trades remaining (5 parts each). {image}
UJ Short Trade Update: The second of my 7 trades (5 parts) stopped out for a loss of 739 pips. This leaves 5 trades remaining (5 parts each).
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2013 - 146.png Size: 60 KB
  • #62,416
  • Nov 21, 2013 4:44am Nov 21, 2013 4:44am
Anyone else see the following in GU?:

Shows some high volume at lows including during news spike @ LO--possible positioning for upmove? but appears to be struggling to get through resistance of a couple of fib levels + whole number.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 113 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 128 KB
  • #62,417
  • Nov 21, 2013 4:55am Nov 21, 2013 4:55am
I see bears .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 86 KB
Newbie trader
  • #62,418
  • Edited 5:10am Nov 21, 2013 4:57am | Edited 5:10am
Quoting cardinale
Anyone else see the following in GU?: Shows some high volume at lows including during news spike @ LO--possible positioning for upmove? but appears to be struggling to get through resistance of a couple of fib levels + whole number. {image}{image}
I don't recommend M1 volume, it's too messy and too noisy. Can't trust M1 volume.

Look at least M15 and if price consolidating somewhere then look M5 is it accumulation or distribution phase. Just my opinion.

On your picture the highest volume appears at high. As you see there are volumes at the highs and at the lows, so which volumes you trust???

I personally not looking GU now, H4 no showing clear trend, D1 strong resistance area and H1 shows weakness and support both.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 144 KB
Whatever is obvious is obviously wrong!"
  • #62,419
  • Nov 21, 2013 4:58am Nov 21, 2013 4:58am
Quoting fex
I see bears
Yes, I should have clarified that there might be only a short-term possible long -- within bigger bear context.
  • #62,420
  • Nov 21, 2013 5:08am Nov 21, 2013 5:08am
Quoting cardinale
Anyone else see the following in GU?: Shows some high volume at lows including during news spike @ LO--possible positioning for upmove? but appears to be struggling to get through resistance of a couple of fib levels + whole number. {image}{image}
GU:

Yes, a Sonic R. Classic long setup, with good basing volume just below whole number (nice). Dragon is sort of flat.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2013 - 147.png Size: 67 KB
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