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Sonic R. System

  • #63,381
  • Edited 10:49pm Dec 17, 2013 5:52pm | Edited 10:49pm
Quoting sonicdeejay
{quote} Didnt turn out good... SL put below the swing low.. Let t mkt decides.. Sonic {image}
Sonic,

Your "bullish call" was correct. It is just that we can never know when (exactly) trends will reverse. What you refer to as "Didn't turn our good...." is likely a Spring, a significant part of the Distribution Phase in that it confirms what the MMs are up to.

Edit: I meant Accumulation Phase. The Spring is a spring down in the latter part of the Accumulation Phase, attributed to the market makers running stops on longs and triggering into the market short orders, both of which give the market makers liquidity to fill long orders for themselves.
  • #63,382
  • Dec 17, 2013 6:59pm Dec 17, 2013 6:59pm
Quoting traderathome
{quote} GJ Short Trade Update: Since last post I've added a combination of Scouts and Classics, shorts #4-10 shown on the attached chart. If price retraces to the TL drawn, I plan to add another short Scout. {image}
GJ Short Trade Update:

Since last post I've added shorts #11-13, one Classic and two Scouts.
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  • #63,383
  • Dec 17, 2013 7:11pm Dec 17, 2013 7:11pm
Quoting traderathome
{quote} UJ Short Trade Update: Added new short #7, a Scout. After adding #6, I decided to await a valid Sonic R. Short setup before adding again. This is a valid short setup. It is before the LS, but the most recent high volume was at the highs. The LS could move this back up, because that is always a possibility. {image} {image}
UJ Short Trade Update:

Since last post I added shorts #8-16, a combination of Classics and Scouts.
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  • #63,384
  • Edited 7:53pm Dec 17, 2013 7:34pm | Edited 7:53pm
Quoting traderathome
{quote} 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.
Appreciate the confirmation and extra input TAH, nice to have that reassurance and now be more confident in the future with these formations, thank you.

EDIT: Would this qualify as a spring formation on the GJ and indicate MM's may be long on this pair also? If not what may some of the reasons for that be?

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Much thanks
  • #63,385
  • Dec 17, 2013 8:05pm Dec 17, 2013 8:05pm
Quoting SaiLyfee
{quote} Appreciate the confirmation and extra input TAH, nice to have that reassurance and now be more confident in the future with these formations, thank you. EDIT: Would this qualify as a spring and indicate MM's may be long on this pair also? {image} Much thanks
The "Spring" is associated with Accumulation, but not Distribution. PA does not look like an Accumulation Phase and what you are referring to as a Spring does not put in the lowest low of all the PA associated with whatever Phase this is currently in (look at the highs on a large TF chart). If this is a Spring, if this is some sort of re-Accumulation Phase, then I am in trouble. PA looks more like a Distribution Phase, but only time will tell.
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  • #63,386
  • Dec 17, 2013 8:38pm Dec 17, 2013 8:38pm
Ah I understand much more fully now, the only way it could be an accumulation phase is if what I were calling a 'spring' was indeed the lowest low of the current phase. I agree now thanks to the pictures (I shall save and print out) that PA looks more like a distribution phase seeing a lower peak having occurred after a large run up and ranging prices. Thanks so very much for going to the time to help me understand more clearly. It is definitely important I realise to see what the higher TF's are showing in effectively understanding which part of each of the two phases may be approaching.
  • #63,387
  • Dec 17, 2013 9:39pm Dec 17, 2013 9:39pm
Quoting traderathome
{quote} Sonic, Your "bullish call" was correct. It is just that we can never know when (exactly) trends will reverse. What you refer to as "Didn't turn our good...." is likely a Spring, a significant part of the Distribution Phase in that it confirms what the MMs are up to.
Nice write up Sir...

I too think it might be a spring to shake wake long and suck shorts in...

I still have a long and definitely not adding positions yet.. more bullish signs preferred..

Sonic
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  • #63,388
  • Dec 17, 2013 11:01pm Dec 17, 2013 11:01pm
I am not sure whats going on with UC. There has been an ultra high volume bar on 5 minutes with very low range. After this bar the price has gone up on low volume.

This does mean that there was a lot of activity during those 5 minutes. Background seems to be full of bears.

any ideas?????????

Ravs
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  • #63,389
  • Dec 17, 2013 11:09pm Dec 17, 2013 11:09pm
EU:

Hansma,

Here is one of those nice pullbacks to the FE 24% level. On H4 too! Are you on this? If not, I thought you might appreciate this "Heads up."

-tah
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  • #63,390
  • Dec 17, 2013 11:36pm Dec 17, 2013 11:36pm
Cheers All. Entering my first short scout on UJ, as it appears to be hitting a significant resistance level. A good entry to begin my building as MMs bring price to new highs. Using Daily FIB for take profit target.

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Hope all is well.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #63,391
  • Dec 17, 2013 11:43pm Dec 17, 2013 11:43pm
AU: First buy entry scout at triple bottom significant support area. This is a nice confluence with my UJ trade in terms of dollar direction.

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insanity: Doing the same thing over... and expecting different results -AE
  • #63,392
  • Dec 18, 2013 1:55am Dec 18, 2013 1:55am
At H1 TF, the price was pushed down below half number repeatedly for 5 times with notable volume. it indicate that MM is prepared to be bullish

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At 15M TF, the price was pushed down below half number for two times with notable volume. Entry based based on 1-2-3 formation with the dragon angled up.

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  • #63,393
  • Dec 18, 2013 1:55am Dec 18, 2013 1:55am
Quoting qFish
Cheers All. Entering my first short scout on UJ, as it appears to be hitting a significant resistance level. A good entry to begin my building as MMs bring price to new highs. Using Daily FIB for take profit target. {image} Hope all is well. -qFish
UJ comment

If PA keeps staying and closing above 102.13x on H4 and above, seems to me that UJ is going to hit a new high within a few sessions. I would rather look for long entry possibilities around ~102 - 102.5 range and wait until PVSRA confirms my idea.

Regarding short scouts, at date of posting 103.5 - 104.0 seems to be the range I would start looking for short entry possibilities if PVSRA will support the idea.
Mind the gap
  • #63,394
  • Dec 18, 2013 3:27am Dec 18, 2013 3:27am
News In 5 mins...

COme.. place ur bet...

I bet DOWN..

Sonic
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  • #63,395
  • Dec 18, 2013 3:38am Dec 18, 2013 3:38am
Quoting sonicdeejay
News In 5 mins... COme.. place ur bet... I bet DOWN.. Sonic {image}
You sure it's going DOWN?
  • #63,396
  • Dec 18, 2013 3:41am Dec 18, 2013 3:41am
Quoting sonicdeejay
News In 5 mins... COme.. place ur bet... I bet DOWN.. Sonic {image}


stoploss hunting.
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Take what the market gives you.
  • #63,397
  • Dec 18, 2013 4:09am Dec 18, 2013 4:09am
GBP/USD

Notice the A - B - C formation
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Take what the market gives you.
  • #63,398
  • Dec 18, 2013 4:17am Dec 18, 2013 4:17am
Quoting Mak0t0
{quote} You sure it's going DOWN?
Of coz not.. it is just probability..

It zoom up n didnt tske my sell stop..

For my prev shorts..sl in place..

Sonic
  • #63,399
  • Dec 18, 2013 4:50am Dec 18, 2013 4:50am
GU Long Sonic R. Entry TP taken at RDH.
Seems as if PA was set up and ready for all that GPB news to send it off on its way.
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Only on demo but would have taken this had it been real, still need to wait a couple months before I can go live.
  • #63,400
  • Dec 18, 2013 5:12am Dec 18, 2013 5:12am
Quoting rakagreen
At H1 TF, the price was pushed down below half number repeatedly for 5 times with notable volume. it indicate that MM is prepared to be bullish {image} At 15M TF, the price was pushed down below half number for two times with notable volume. Entry based based on 1-2-3 formation with the dragon angled up. {image}


3 hours later......TP is reached

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