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Sonic R. System

  • #63,361
  • Edited 10:50pm Dec 16, 2013 10:37pm | Edited 10:50pm
Quoting Tiggrrr
GBP/USD Notable push up during tokyo session. There is an upcoming news release soon and will most likely push the price towards the RDL. We'll see what happens. Would like some more opinions on this pair. {image}
GU Comment

Tiggrrr,

I feel that the market is a bear on GU. Look at the attached H1 chart in which three candles from yesterday are boxed. These are the three highest activity hours of all of yesterday, occurring after the start of the US session. Here is my interpretation.

The US session started with strong selling, but not yet the highest volume bar. The next hour has the highest volume bar, and the candle for the most part remained above the whole number. The next candle is of the second highest volume and is the key to everything. It shows a strike back upwards, possibly a hunt of stops on longs, and this candle is for the most part remaining above the whole number also. The third high volume candle was to push the price back above the whole number and keep it up there for a time, while more trading continued up there.

That is pretty much it, but to me it says the market is a bear, seeking shorts and keeping the price up while doing so. Note also, the PA so far today has been to get the price back up, with a lot less trading activity involved, which could be the market makers manipulating the price up in light traffic, so they too can get some more cheaper shorts to sell at a profit later when the market gets busy again and the short orders to be filled start flowing in.

A market that is bearish on GU is how I see it.
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  • #63,362
  • Dec 16, 2013 11:20pm Dec 16, 2013 11:20pm
Quoting traderathome
{quote} GU Comment Tiggrrr, I feel that the market is a bear on GU. Look at the attached H1 chart in which three candles from yesterday are boxed. These are the three highest activity hours of all of yesterday, occurring after the start of the US session. Here is my interpretation. The US session started with strong selling, but not yet the highest volume bar. The next hour has the highest volume bar, and the candle for the most part remained above the whole number. The next candle is of the second highest volume and is the key to everything. It...

We have tons of GBP related news to be out in today and tomorrow..
Mkt is priming for the big moves...

I am bearish too...
Sonic
  • #63,363
  • Dec 16, 2013 11:38pm Dec 16, 2013 11:38pm
Short USD / CHF
TP1 @ MS1
TP2 @ DS1
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  • #63,364
  • Dec 17, 2013 1:11am Dec 17, 2013 1:11am
Swing left n right.. tight..

Sonic

I bet up..
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  • #63,365
  • Dec 17, 2013 1:52am Dec 17, 2013 1:52am
Quoting Sunbrella
{quote} AU Comments TAH, your bullish scenario seems to be too early for me, I miss one more leg down. Though hourly TF is bullish, PA is ranging even if it goes higher. Once PA closes below the blue line on the daily TF, the orange area seems to be the target area where PA really may exhaust on daily TF - and PVSRA can be used there for confirmation / start building long positions for "early birds". {image}
AU update

AU is still ranging (choppy PA) and bullish on hourly TF, still bearish on the higher TFs.

Regarding scouts: until PA feels itself comfortable in the small red paralell channel and goes higher, I would look for scout short entry possibilities around 0.9 and use PVSRA for confirmation at that area. Risk/reward is still good at that level (1/2).

See pic in earlier post.
Mind the gap
  • #63,366
  • Dec 17, 2013 3:03am Dec 17, 2013 3:03am
Quoting Morcos
Hello Everybody! SonicR Classic EA v1.03 released: - Some bug fixes - Optimized code {image} {file} {file} Bye: Morcos
hello, I want to know if it 'possible to enable the EA sonic micro lots of thanks for the reply giulio
  • #63,367
  • Edited 3:59am Dec 17, 2013 3:41am | Edited 3:59am
USD/CHF looking Bullish..

1. Yao Ming (Bullish Engulfing Bar ) with Healthy Volume... Lot of shorts get wiped...
2. Healthy Vol and bar.. sign of bullish interest...


Sonic
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  • #63,368
  • Dec 17, 2013 3:59am Dec 17, 2013 3:59am
Quoting sonicdeejay
USD/CHF looking Bullish.. 1. Yao Ming (Bullish Engulfing Bar ) with Healthy Volume... Lot of shorts get wiped... 2. Healthy Vol and bar.. sign of bullish interest... Sonic
What TF Master?

Graphic some especulation...
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Newbie trader
  • #63,369
  • Dec 17, 2013 7:11am Dec 17, 2013 7:11am
Quoting sonicdeejay
GBP/JPY WK 51 Weekly Candle : Bearish PB Bias : Short (Medium) Note: To prove it bearish-ness, this week is the importance one. It have to end with bearish candle preferably bearish engulfing.. We have big GBP news in Wednesday. {image} Remember, Plan the trade, and trade that plan.. Relax.. Sonic
The power of the participation is THE FORCE...


Inserted Video



Sonic
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  • #63,370
  • Edited 10:57am Dec 17, 2013 9:11am | Edited 10:57am
Quoting Sunbrella
{quote} AU update AU is still ranging (choppy PA) and bullish on hourly TF, still bearish on the higher TFs. Regarding scouts: until PA feels itself comfortable in the small red paralell channel and goes higher, I would look for scout short entry possibilities around 0.9 and use PVSRA for confirmation at that area. Risk/reward is still good at that level (1/2). See pic in earlier post.
Sunbrella,

Your "long squeeze" seems to be underway. Half way down now to your target.
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  • #63,371
  • Edited 12:30pm Dec 17, 2013 10:06am | Edited 12:30pm
UChf Long Trade Opened:

Entered long #1, Classic and #2,3, Scouts.
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Edit: Added longs #4,5, 6 Scouts. In off hours, it looks to me like the market makers are running stops on the longs.
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  • #63,372
  • Dec 17, 2013 12:01pm Dec 17, 2013 12:01pm
UJ Comment

I see one way to look at this PA. As soon as the market makers finished working the flurry of orders in the second half of the LS, they went to work moving the price back up, and they are doing this because they know more orders for shorts are coming and they need to stock up on shorts that they can make a profit on when it comes time to fill those future orders for shorts. This looks bearish.
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  • #63,373
  • Dec 17, 2013 12:10pm Dec 17, 2013 12:10pm
A good scout

Re-entry?
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Newbie trader
  • #63,374
  • Dec 17, 2013 12:53pm Dec 17, 2013 12:53pm
Quoting traderathome
{quote} GU Short Trade Update: Added short #8, a Scout re-entry as the price was retraced again, this time to the 3/4 Level area. Adjusted TP. {image}
GU Short Trade Update:

Added shorts #9-11, Scouts, and this last one because it looks to me like the off hours labors of the market makers has been to manipulate the price back up so they can get more shorts at higher prices, shorts they will sell at a profit when the next busy time in the market comes and there is a demand for short orders to be filled.
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  • #63,375
  • Dec 17, 2013 12:57pm Dec 17, 2013 12:57pm
EUR/USD TP 1 hit
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USD/CHF TP 1 hit
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Entered #1 long scout also
  • #63,376
  • Edited 1:57pm Dec 17, 2013 1:20pm | Edited 1:57pm
GJ Comment

As with others, the market makers are using the off hours to move price back where they want it for collecting more positions for themselves that they can sell for a profit the next time the market gets busy and those positions are in demand. In the case of GJ, the MMs are moving the price up to attract longs/collect shorts. Another thing to take note of is this, look at the average range for this pair. Look where RWL is. Measure the distance between where the MMs are taking the price up to and RWL. Price could go a bit higher, right? Anyway, by the time the high is put in, if the measurement between the high and RWL is not far out of whack with the average range, will it be a coincidence? I doubt it.
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  • #63,377
  • Dec 17, 2013 2:35pm Dec 17, 2013 2:35pm
Quoting sonicdeejay
USD/CHF looking Bullish

USD/CHF looking like a spring formation on the M30 TF
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Do correct me if I'm wrong as I'm still learning, but could this be an indication of bulls also as it looks like MM's have driven down the price so they can get better prices for going long? Seems that way to me anyhow..
  • #63,378
  • Dec 17, 2013 5:12pm Dec 17, 2013 5:12pm
Quoting SaiLyfee
{quote} USD/CHF looking like a spring formation on the M30 TF {image} Do correct me if I'm wrong as I'm still learning, but could this be an indication of bulls also as it looks like MM's have driven down the price so they can get better prices for going long? Seems that way to me anyhow..
UChf and EU

Sure looks that way. And after all this time ranging up/dn (like the MMs do it to get rid of wrong side holdings and obtain right side holdings) they've had plenty of time to get rid of their shorts, so this is most likely a Spring of buying, not to close shorts, but to gather in additional longs before they start the bull run for profits. And so, if this is definite confirmation the MMs are bulls, buying to open longs, then EU is in the Distribution Phase.
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  • #63,379
  • Edited 5:46pm Dec 17, 2013 5:27pm | Edited 5:46pm
NU and AU Comment

Sonicers, there is a NZD high impact release in about 30 minutes. Here is how I see it......
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AU might get a kick up out of it, too. Yesterday's lows below the whole number were heavily traded and there is increased activity down there again.....
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  • #63,380
  • Dec 17, 2013 5:42pm Dec 17, 2013 5:42pm
Quoting sonicdeejay
USD/CHF looking Bullish.. 1. Yao Ming (Bullish Engulfing Bar ) with Healthy Volume... Lot of shorts get wiped... 2. Healthy Vol and bar.. sign of bullish interest... Sonic {image}

Didnt turn out good...

SL put below the swing low..

Let t mkt decides..
Sonic
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