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Sonic R. System

  • #63,681
  • Jan 2, 2014 9:41am Jan 2, 2014 9:41am
AJ Comment

Earlier today, the price was taken above the whole number and since then the bear bars have been predominate. So, it looks like the trip above the whole number was a push by the market makers to hit stops on shorts and to trigger pending long orders ("wrong side" orders) to get liquidity so they could accumulate more short orders themselves.

Come the US open and the price reverses back up. This does not appear a bullish move up, but a retrace move (about 50% so far), again by the market makers who are looking to stop out shorts and suck in "wrong side" longs, to create more liquidity for themselves to accumulate additional short orders. Just look how the volume increased once the MMs started the price retracing upwards. Traders saw what the MMs were doing and started to trade more heavily themselves as the price went higher; buy low, sell high.

Might this be the beginning of a reversal of the larger TF trend from up to down? Could AJ be signalling the potential for reversal of other YEN pairs?

Time will tell.

Happy New Year!
-tah
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  • #63,682
  • Jan 2, 2014 9:45am Jan 2, 2014 9:45am
Quoting loeil
{quote} GJ - short closed for 5109 pips gain {image}
Loeil,

Stop hoggin' the market!

Great application of Scouts and PVSRA, Loeil.
  • #63,683
  • Jan 2, 2014 9:50am Jan 2, 2014 9:50am
Quoting hansma
Agree - started to short it. (scout) Happy 2014 H. {image}

Took 242 pips profit from my two GU shorts.

Regards,

H.
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"The future is already written in the past"
  • #63,684
  • Jan 2, 2014 9:56am Jan 2, 2014 9:56am
Quoting loeil
{quote} GJ - short closed for 5109 pips gain {image}
Loeil great, great trade.
  • #63,685
  • Jan 2, 2014 10:04am Jan 2, 2014 10:04am
Quoting hansma
{quote} Took 242 pips profit from my two GU shorts. Regards, H. {image}
Nicely spotted entry points
Whatever is obvious is obviously wrong!"
  • #63,686
  • Jan 2, 2014 10:15am Jan 2, 2014 10:15am
Quoting loeil
{quote} GJ - short closed for 5109 pips gain {image}

nice image with heavy pips
  • #63,687
  • Jan 2, 2014 10:18am Jan 2, 2014 10:18am
Quoting loeil
{quote} Nicely spotted entry points
Thanks Mate and congrats for you too

Regards,

H.
"The future is already written in the past"
  • #63,688
  • Jan 2, 2014 10:38am Jan 2, 2014 10:38am
Wow, you're the man loeil. I never got 5000 pips before in all my trading experience. I'm so jealous. Bravo!!!

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  • #63,689
  • Jan 2, 2014 11:38am Jan 2, 2014 11:38am
Quoting traderathome
GU Comment In a few minutes there is a USD high impact release. Considering the drop in price on notable volume earlier in this LS, and with the price being pushed right back up on lesser volume, this might be under accumulation of short orders, in which case this might start down again in conjunction with the release. Otherwise, the MMs will probably leave it high into the New Year for more accumulation of short orders. {image}
What mean "LS" . I'm Sell GU but take profit 22 pips . How to know where price TP reasonable ?
Internet is sharing
  • #63,690
  • Jan 2, 2014 11:48am Jan 2, 2014 11:48am
Quoting johnpratt261
{quote} What mean "LS" . I'm Sell GU but take profit 22 pips . How to know where price TP reasonable ?
LS means London Session - As for your other question - 10.000 + hour screen time.

Think this is easy ?

Regards,

H.
"The future is already written in the past"
  • #63,691
  • Jan 2, 2014 11:57am Jan 2, 2014 11:57am
Quoting johnpratt261
{quote} What mean "LS" . I'm Sell GU but take profit 22 pips . How to know where price TP reasonable ?
what I do is i wait until i am in profit with 20 pips. after that I just put a SL at those 20 pips and from there let the profits continue to run if thats where the market goes
Take what the market gives you.
  • #63,692
  • Jan 2, 2014 1:08pm Jan 2, 2014 1:08pm
Quoting hansma
{quote} LS means London Session - As for your other question - 10.000 + hour screen time. Think this is easy ? Regards, H.
1.5 years with 18h/day Amazing

Quoting Tiggrrr
{quote} what I do is i wait until i am in profit with 20 pips. after that I just put a SL at those 20 pips and from there let the profits continue to run if thats where the market goes
sometime , price pullback and 20 pip = nothing I'm newbie and scrare . i will try in next time .
Internet is sharing
  • #63,693
  • Jan 2, 2014 1:10pm Jan 2, 2014 1:10pm
Quoting johnpratt261
{quote} 1.5 years with 18h/day Amazing {quote} sometime , price pullback and 20 pip = nothing I'm newbie and scrare . i will try in next time .


thats why you use tailing stop
Take what the market gives you.
  • #63,694
  • Edited 1:55pm Jan 2, 2014 1:41pm | Edited 1:55pm
Quoting Tiggrrr
{quote} thats why you use tailing stop
Not really - some analysis from experience also gives wheight into entering a pair,
knowing itīs cartiritic moves.

Have Fun

H.
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"The future is already written in the past"
  • #63,695
  • Jan 2, 2014 9:19pm Jan 2, 2014 9:19pm
UChf Short Trade Opened:

Entered Classic shorts #1,2, one late the previous trading session and one just now (a pre-LS setup). No TP at this time.
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  • #63,696
  • Edited 10:20pm Jan 2, 2014 9:52pm | Edited 10:20pm
Quoting traderathome
{quote} AJ Short Trade Update: Added short #5, a Classic "re-entry" Scout, on "62%" retrace of last down move. This strong and quick push back up in the early US session, could be the market makers running short stops. To me, it does look this way and also that a trend reversal from up to down might be underway, so if the price goes a bit higher, I will add again. Set TP.{image} Added short #6, another Scout, as the price continued higher into the retrace. Adjusted TP.{image}
AJ Short Trade Update:

Added short #7, Scout, as the price is making another retrace. If it is taken sufficiently higher by the market makers I might add another short Scout. Adjusted TP.
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  • #63,697
  • Jan 2, 2014 9:57pm Jan 2, 2014 9:57pm
Surely going there.. just a matter of time..

Sonic
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  • #63,698
  • Jan 2, 2014 10:25pm Jan 2, 2014 10:25pm
Quoting traderathome
{quote} AJ Short Trade Update: Added short #7, Scout, as the price is making another retrace. If it is taken sufficiently higher by the market makers I might add another short Scout. Adjusted TP. {image}
AJ Short Trade Update:

Added shorts #8-10, Scouts, as the MM continued the retrace, back to above the half number SR. Adjusted TP.
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  • #63,699
  • Edited 11:08pm Jan 2, 2014 10:38pm | Edited 11:08pm
Quoting traderathome
AJ Comment Earlier today, the price was taken above the whole number and since then the bear bars have been predominate. So, it looks like the trip above the whole number was a push by the market makers to hit stops on shorts and to trigger pending long orders ("wrong side" orders) to get liquidity so they could accumulate more short orders themselves. Come the US open and the price reverses back up. This does not appear a bullish move up, but a retrace move (about 50% so far), again by the market makers who are looking to stop out shorts and suck...
AJ Comment (Continued)

The Market Makers just whisked price above channel TL on a head fake, a head fake of very high volume (check it out on your M1 chart) trading above the half number during the head fake. More and more, this becomes a possible trend reversal. And if it is so with this pair, so might it become with the other YEN pairs.

Why would the Market Makers push the price up like this? Their reason is because they need a supply of short orders to be able to sell at a profit as more orders for shorts come in to them. One way to stock up on a supply of profitable short orders is to ram the price upwards. This move hits stops on the shorts of others and it also triggers into the market wrong side pending long orders. Both activities generate liquidity which the Market Makers can use to get their own short orders filled, thus increasing their supply of short orders that they can resell later at a profit when short orders come in at lower prices.

Note that during the head fake move the price was taken above the half number, where a sudden increase in activity occurred. You can see this on your M1 chart. This is a PVSRA indication that the Market Makers are being bearish, which is to say they are planning for some bearish PA and are stocking up to profit on it.
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  • #63,700
  • Jan 3, 2014 12:35am Jan 3, 2014 12:35am
Knew there were such things.. until you see them by yourself...

All about one thing -- hunting your stops..


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