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Sonic R. System

  • #63,021
  • Dec 4, 2013 11:31am Dec 4, 2013 11:31am
GJ: PVSRA

Bullish. M15 looks bearish, but look at M1. On M1 things are revealed. Here we see that the MMs waited for the LS to end, and then in "less interfering traffic" the MMs whisked the price lower and trading increased as they did so. This is a PVSRA indication the MMs are bulls seeking lower prices to add longs. Also note that the price was manipulated to the lower 1/4 SR zone for adding longs. And so, now with the price low, some nice adding of cheap longs can proceed.
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  • #63,022
  • Dec 4, 2013 11:47am Dec 4, 2013 11:47am
Quoting LITEchild
{quote} Again, I respectfully beg to differ! There is still no conflict whatsoever in the HTF trend and the LTF PVSRA imho. Not forgetting NFP on friday, MMs can happily continue to cause havoc down there until they are good and ready. {image} {image}
EU Long. Told Cha!
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  • #63,023
  • Dec 4, 2013 11:47am Dec 4, 2013 11:47am
EU: PVSRA

I will update my trade post on this later. This post is just to show how things work in the market.

At the end of the LS, not sure if any further price rise would occur, I added to my short trade. But, then look what happened! More to the point, look at the manner in which it happened. What happened was that in the ease of the "off hours" the MMs went to work hiking the price. Look at the manner, though. As each new level was obtained the volume increased. We can see that the higher the price went the higher the trading activity became. Buy low, sell high, and the MMs hiked the price above the whole number, which as we know is where bear MMs prefer to sell. This is a PVSRA indication the bears are very much alive, active, and preparing for another run down. I also added to my short trade at the highs, and plan to add more if the MMs break the highs and RDH, and drive this up sufficiently further.
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  • #63,024
  • Dec 4, 2013 11:55am Dec 4, 2013 11:55am
Quoting LITEchild
GBPJPY scout entry. {image}
stopped out for 30pips. High volume activity still at lows in line with D1 Dragon. Will look for proper scout re-entries.
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  • #63,025
  • Dec 4, 2013 11:56am Dec 4, 2013 11:56am
Quoting LITEchild
{quote} EU Long. Told Cha! {image}

EU long? Really? I guess I missed your earlier posting of it. Cannot tell from the chart if you did or did not.
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  • #63,026
  • Dec 4, 2013 12:04pm Dec 4, 2013 12:04pm
Quoting traderathome
{quote} NU Long Trade Update: Added Scout #2 when the new upward drive went into it's first retrace. {image}
NU Long Trade Update:

Added today long Scouts #3,4. The basis for these two entries is the same. The price has been driven below the whole number and here notable volumes repeatedly occur, particularly at the lows which M1 is good at revealing. My conclusion is that on this pair, the market is more bullish than bearish and is loading up longs for a run back higher. Time will tell, because we cannot know for sure the future of pricing. Still no TP, nor SL.
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  • #63,027
  • Dec 4, 2013 12:10pm Dec 4, 2013 12:10pm
Also cooking on EJ.
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  • #63,028
  • Dec 4, 2013 12:11pm Dec 4, 2013 12:11pm
Quoting traderathome
{quote} EU Short Trade Update: Added a supporting Scout, short #2, as the price was whisked above the upper whole number and followed by greatly increased trading at the attained highs, which is a PVSRA indication the MMs are bears, .....closing longs, opening shorts, etc. {image}
EU Short Trade Update:

Added short Scouts #3,4. Scout #3 was added near the LS close when I had doubts the price might go higher for a better add. But, it did go higher, with volume increasing along the way. The price was take above the upper whole number where volume was dramatic, a clear PVSRA indication the MMs are bears. This is where I added Scout #4. Adjusted TP.

By way of additional comment, the market is playing price like a ping pong ball, which is the best way to "correct" positions and get them ready for the next big run. Big swings give lots of encouragement to "wrong side" traders to come in and give the MMs the liquidity they need to "correct" their positions.
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  • #63,029
  • Edited 12:54pm Dec 4, 2013 12:20pm | Edited 12:54pm
Quoting traderathome
{quote} EJ Long Trade Update: Added Scouts #2-6. Now this is TAH style! This looks like bull MMs really pouring on the coals to kill the price and load up with new, cheap longs. {image}
EJ Long Trade Update:

At the market lows today so far, I have added long Scouts #7-10. One has to drop down to M1 to get a better sense of where the truly important volumes occur. In the case of this pair, my interpretation of all this is that the market is bullish and has brought the price back down to build longs for another run back up. Adjusted TP.
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  • #63,030
  • Dec 4, 2013 12:40pm Dec 4, 2013 12:40pm
USCAD?

Anyone else noticed that massive volume on H1 bar for USDCAD? It is 600 % of average H1 volume....no follow through after that bar on the upside.. USDCAD is over done? Cant post charts right now ].
Its all in the mind.
  • #63,031
  • Dec 4, 2013 1:21pm Dec 4, 2013 1:21pm
Quoting LITEchild
{quote} EU Long. Told Cha! {image}
I think you should start your own thread and show us how you trade.
Faith ends where worry begins, and worry ends where faith begins.
  • #63,032
  • Dec 4, 2013 1:29pm Dec 4, 2013 1:29pm
Quoting traderathome
Who knows? We cannot ever know how price will move next, nor when a trend will reverse.
Actually, you can. It's all about training and experience, like everything.
To fail is just an opportunity to learn
  • #63,033
  • Dec 4, 2013 1:34pm Dec 4, 2013 1:34pm
Quoting LITEchild
{quote} EU Long. Told Cha! {image}
That is an excellent trade, congratulations. You read the price perfectly and the signs were clear. It's so nice to see somebody here combining price action with SonicR system. Looking forward to see more trades.
To fail is just an opportunity to learn
  • #63,034
  • Dec 4, 2013 3:57pm Dec 4, 2013 3:57pm
Quoting Tymedu
{quote} That is an excellent trade, congratulations. You read the price perfectly and the signs were clear. It's so nice to see somebody here combining price action with SonicR system. Looking forward to see more trades.
  • #63,035
  • Dec 4, 2013 4:06pm Dec 4, 2013 4:06pm
Quoting 5abi
USCAD? Anyone else noticed that massive volume on H1 bar for USDCAD? It is 600 % of average H1 volume....no follow through after that bar on the upside.. USDCAD is over done? Cant post charts right now ].

USDCAD.
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  • #63,036
  • Dec 4, 2013 4:17pm Dec 4, 2013 4:17pm
Quoting LITEchild
Also cooking on EJ. {image}
Told cha. See the break of the LH? Now waiting for any retrace below the dragon with stopping vol, enter scouts, stops below the the last swing low.
If no retrace, I'll wait for consolidation above the dragon for classic entry.
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  • #63,037
  • Dec 4, 2013 4:45pm Dec 4, 2013 4:45pm
EJ: PVSRA

When the price is below the 139.00 whole number the volume becomes more notable. This is PVSRA indicating the MMs are bulls, not bears. This past session was not different than before; a lot of activity has taken place while price is below 139.00, and we can see that after the LS closed position building continued as the US MMs worked the price up and down, and finally down (on lower relative volume) to conclude with a very high volume bar, ......the bar that strikes prices below the 138.50 half number! This is a very clear PVSRA indication the MMs are very active bulls, not bears. This broker's chart even shows that the strike below the half number was accompanied by the highest trading levels in days!

......Yes, days! In fact, it is the highest trading levels of any M15 TF in over a week for this big NYC broker that is also on the NY Stock Exchange. This is stopping volume. Well, time will tell. We cannot ever know, not for sure, how price will move, nor when trends will reverse. We have to read PA as best we can, take our chances and use sensible money management in case things suddenly change. In this case, while things are never certain, it does look like the MMs are out to.......

........................BUY LOW, SELL HIGH!
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  • #63,038
  • Dec 4, 2013 5:02pm Dec 4, 2013 5:02pm
AUDJPY Long. High risk scout entry, but just couldn't resist. Setup looked too juicy !
D1 Dragon Bullish. TP@ RDH and/or RWH.
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  • #63,039
  • Edited 9:25pm Dec 4, 2013 5:04pm | Edited 9:25pm
Quoting Tymedu
{quote} Actually, you can. It's all about training and experience, like everything.
Tymedu,

I disagree, Tymedu. In fact, I couldn't disagree with anything more. We cannot ever know, not with any certainty, how price will move nor when trends will reverse. If it was just about training and experience many more would become more successful as traders.

Experienced traders, even those taken into the hallowed halls of the Big Time and groomed, coddled and eventually turned loose with great expectations they will make profits for the firms, often end up more like carnival characters trying to sell "systems" instead of going on to self-generated riches, which according to you should be easy for them, being as how they are so well trained and have had the best experiences trading within the hallowed halls of the best traders, and for years.

Obviously, you do not subscribe to the frequently appearing statement in various readings on trading that as soon as you think you know where price is going, you are in trouble. Ok, show us that is not true. The core of this thread is "....sharing is caring....", so just show us those things which are to be gleaned from training and experience that makes it possible to know, with certainty, how price will move,....if you actually do know these things. And, if you do, why are you here instead of being rich and retired? If you do not know what these things are, have not experienced great success by their application, then why do you claim they even exist?

To be certain of how price will move (in the future) you have to be a mind reader. No, actually you have to be able to read the minds of many, many traders in many, many outfits that trade in huge sums of money many, many times a week. You have to be able to read the minds of all of them, now and into the future, to be certain of how prices will move. I have never heard such bunk from anyone, Tymedu. Through training and experience a trader can learn to master themselves, but not to divine the future decisions and actions of others. I think you make a mistake believing what you said, but aside from this I still like and respect you.

-tah
  • #63,040
  • Edited 5:26pm Dec 4, 2013 5:16pm | Edited 5:26pm
Quoting LITEchild
{quote} Told cha. See the break of the LH? Now waiting for any retrace below the dragon with stopping vol, enter scouts, stops below the the last swing low. If no retrace, I'll wait for consolidation above the dragon for classic entry. {image}
Same setup on GBPJPY.
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