Sonic R. System

EU closed for 16pips profit

USDTRY closed for 16pips profit

GU SL hit -31pips...

How to see the SPX500?Thanks.

Boring zigzag market atm...

Oh well; exotic pairs seems to give something.

Short trades on USDTRY and EURTRY

GOLD is getting scary...

Bounced from 50% fibo, but forming Sonic R setup right now. Last leg missing.

SL still at BE.

EU
here we go again.

Long trade entered.

GU
Re-entered long. SL already at BE

AU
Long Sonic R entry.

AJ
Sonic R re-entry

USDCAD
Short trade Sonic R

UJ
Long trade Sonic R re-entry

Desided to kill every trade while still on profit side overall...

Flat on market now.

Any comments anybody? I have shorted from 164.xx levels without any SL, losing more than enough. Any kind of help would be much appreciated.

Do You Have a "Yen" for a YEN Pair?

The paid "Talking Heads" from Bloomberg and wherever, now talking about hedge funds, etc., anticipating the continuation of a gigantic runs up on YEN pairs. Well, it could become so, but.....

.....such is also one of the dirtiest scam strategies of the "Thieves of Wall Street". They pay folks to talk and to publish a certain way, all for the purpose of influencing the sheep to accept a certain bias. In this case, it could be to start bending the minds of forex traders to accept that there is a lot more upwards potential, so that at every "push" up, they jump in with more long orders. And, if this is the ruse, these "pushes" are totally manufactured with bearish intent,....to buy low-to-high to push up the price, but on "partial volume" while as longs get sucked in they close their "push-up" longs and continue to build short. Then they relax a bit and get set to use "partial volume" buying to make another push up and suck in more longs. Wash, rinse, repeat. Wash, rinse, repeat. And higher and higher the YEN pairs go, while the dirty rotten stinking greedy banks build massive short positions over a large range, a large range which will look tiny come the plummet......

I am asking with all due respect, cos you have much more experience than most of us here. Are you saying, lets say for EJ and GJ, there is a big bears storm approaching? That will wipe the price to 12x.yy levels for example EJ?

YEN Pairs Being Head Faked?

If you have been reading this thread, then you have read many times the statement that we can never know how price will move next, nor when it will reverse. This is very healthy "possibility thinking", which is supported by the chart I posted. Will it happen? We cannot know how price will move next, nor when it will reverse, but we can keep our eyes open to all possibilities because bears can manufacture sustained bull runs just as easily as bulls can!

The prime objective in trading, to accomplish profitability, is to identify a trend change as early as possible so to enter and go with the new flow. Just because something is moving up does not mean it is time to partake. When a trend gets to be "long in the tooth" the risk of trading the trend increases. Nothing goes up forever. What better way is there to infuse more excitement and acceptance that a very "long in the tooth" trend might just be starting anew again then by getting paid "talking heads" to keep suggesting that is what "many big hedge funds anticipate", etc.?

We cannot know how price will move next, nor when it will reverse. But we also do not have to be herded like simple minded sheep to the slaughter. A mind that is open to all possibilities and much caution is advisable.

Remember, banks with colluding partners can support price simply by trading long in single micro-lot sizes whenever the price drops below their support threshold, to bring it back above; "I'll put in a micro-lot order to buy and you put in a micro-lot order to sell at one level, and then for the next level up you put in a micro-lot order to buy and I will put in a micro-lot order to sell". The market makers can do this too. And with their computers colluding, they can do it very quickly, before the "outside market" can react to interfere and cost them more to pull it off. They all can also drive the price up nice distances the same way when others are not actively trading. They can do it when others are actively trading, but it costs them more to do it because imbalances to be cleared at various levels on the route up might involve having to trade larger sizes to get the price to move higher. This is basic price manipulation: support the price when it needs supporting and drive it higher when it is auspicious and/or "cheap" to do so,....and all for the purpose of sucking in longs to provide these price manipulators with the liquidity they need for shorting! Meanwhile, pay "talking heads" to excite longs to the slaughterhouse. Is this happening? Time will tell.

Remember too, the forex volume "bitch trick"! When we see price being supported and look at volume, those individual "volume" numbers represent trades on the broker server/liquidity providing bank. Those could be "price supporting" trades that are only one micro-lot in size! And all those volume bars could represent practically no trading at all except by the price manipulators doing so in exquisitely small sizes to support the price. On the other hand, when price hits extremes on big runs and we see taller volume bars, well some of those "volume" numbers could represent trades on the broker server/liquidity providing bank that are in hundreds of lots or more, apiece! Yet, while taller, they do not look all that remarkable for their height,....that's the forex volume "bitch trick." We just have to have an open mind to any possibilities and be cautious while trading "...what the market gives...", and trade only when the market gives the right stuff at the right time.


-tah

Yes, I know that no one can know but guess the price movements, I have read enough so far. I also know trend is your friend phrase, but I am sure you can guess why I traded counter-trend. Anyway, lets wait and see how it unfolds. I am hoping not to lose all my money till then. Killer MMs

Well mate with all the desire that I want to tell you that you are safe and it will go down, I cant! No one knows when, where and if it might fall or push up!
http://fxtrade.oanda.co.uk/analysis/...osition-ratios
Oanda shows that a lot of people are short, so until MM take they SL it will continue to rise. So I hope you have large deposit, coz it will go down eventually, but when and how far it might right, that is a 1 million $ question.

Try to hedge with double lot up, it might lock your loss a bit!

EU best case scenario!