Disliked{quote} NJ Short Trade Update: Added short #7, Scout, just before the close. No TP and no SL yet. {image}Ignored
Added shorts #8,9, Scouts.
Attached Image (click to enlarge)
- #63,781
- Jan 6, 2014 9:41am Jan 6, 2014 9:41am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #63,783
- Jan 6, 2014 9:50am Jan 6, 2014 9:50am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #63,784
- Jan 6, 2014 10:09am Jan 6, 2014 10:09am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #63,785
- Jan 6, 2014 10:33am Jan 6, 2014 10:33am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GJ and UJ Comment
Some pictures are worth a thousand words, indeed!
Up on high volume, top at highest volume, and back down on high volume. That is the market makers working the price up to fill bank short orders, and some of their own, too, imho. But notice also that today the price is doing nothing more than ranging while the MMs work the market (sucker in longs and stop out shorts) to their advantage. 
Take a look at UJ and you will see the same strategy being applied by the MMs today. 
Some pictures are worth a thousand words, indeed!
Up on high volume, top at highest volume, and back down on high volume. That is the market makers working the price up to fill bank short orders, and some of their own, too, imho. But notice also that today the price is doing nothing more than ranging while the MMs work the market (sucker in longs and stop out shorts) to their advantage.
Take a look at UJ and you will see the same strategy being applied by the MMs today.
- #63,786
- Jan 6, 2014 10:46am Jan 6, 2014 10:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #63,787
- Jan 6, 2014 12:14pm Jan 6, 2014 12:14pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} {quote} Doubting Thomas "Ajoe1" Doubts are part of this venture. Now, however, after seeing the gobs of trading on Friday at the highs the MMs pushed the price up to, followed by a selloff before the market closed, I have even more reasons to support my conjecture that the market makers are bears that are loading up on short orders. Time will tell. {image}
It is very clear to see that the greater activities are at the highs and coming down off of the highs. This is a PVSRA indication the MMs are bears and they are either selling to close longs or they are selling to open shorts. In this case, as I said, it appears the market makers are accumulating short orders. And now the price is headed right back towards the bottom of the range again.......
Before......
After.........
- #63,788
- Edited 12:51pm Jan 6, 2014 12:40pm | Edited 12:51pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
UCad Short Trade Opened: Entered short #1, pre-LS Classic as PA wave leg 2 prices came back up to an area of earlier support (and maybe now resistance). The LS might see higher prices, maybe back up to the PVT. If high enough, and if I am at the computer, I might add a short Scout. Can not know is such will happen, so decided to make this entry now. No TP or SL at this time. {image}
{quote} UCad Short Trade Update: Added shorts #2,3, Scouts. {image}
{quote} UCad Short Trade Update: Added short #4, Scout. Examining M1, it very much looks like the market makers rammed the price right back up, maybe as a SL hunt on the shorts because the highest volume occurred at the "top" of the drive up, above DR1. The MMs might have hit stops, conserved that liquidity, then applied it at the highs to get more of their own short orders filled. This might not be the last of such price manipulation. If it goes sufficiently higher, I might add another short Scout. {image} {image}
And that is how the price will next move. And therefore, neither can we know when trends will reverse. Pricing in the market is fueled by greed and manipulated by the Market Makers to fill orders (including their own), and can swing either way at any time, to an unknown degree. So, how do we know how to trade?
I'll use my UCad trade as an example.
Today, in the Asian session I entered a pre-LS Classic short. Before going to bed I set a Scout pending short order near PVT (which executed). When I awoke, I saw prices had risen even further, to the top of the range. Here I looked for additional shorting opportunities, because I believed in the trade and viewed the rising price as nothing more than market maker manipulation to fill bank short orders and to accumulate more short orders themselves. As you can see, I entered two additional shorts, Scouts. You can see for yourselves the higher activities are at the highs, the highs above DR1, above the 3/4sr and above RDH. These are all PVSRA examples indicating the MMs are bears. And now the price has started to decline.
We cannot know how price will move. So, how can we trade? What we can do is seek qualified Sonic R. System Classic setups and put on a trade. And we can continue to analyze using PVSRA. And we can augment our trade with Scouts at appropriate opportunities. Backed by sensible money management, this is how we can trade.
And for those of you still wondering what are "Scout" trades used in support of a Classic trade, now you have an example.
-tah
- #63,789
- Jan 6, 2014 1:04pm Jan 6, 2014 1:04pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #63,790
- Jan 6, 2014 1:11pm Jan 6, 2014 1:11pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #63,791
- Jan 6, 2014 2:01pm Jan 6, 2014 2:01pm
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #63,792
- Jan 6, 2014 2:46pm Jan 6, 2014 2:46pm
CADCHF
Today I made short trade with classic entry at 0.8516...
There was an H-L-LH-LL wave formation + selling pressure above 3/4 of price in the beginning of LS... Short signal.
I closed position at 0.8477 (+40 pips profit).
Risk:reward ratio = 1 : 2,2
Regards
A
Today I made short trade with classic entry at 0.8516...
There was an H-L-LH-LL wave formation + selling pressure above 3/4 of price in the beginning of LS... Short signal.
I closed position at 0.8477 (+40 pips profit).
Risk:reward ratio = 1 : 2,2
Regards
A
- #63,793
- Jan 6, 2014 2:54pm Jan 6, 2014 2:54pm
EURUSD
Long trade with classic entry at 1.3594.
H-L-HH-HL wave formation + buying pressure from 1.3575 right before LS starts... Long trigger.
Position closed at 1.3647, almost at the top of the day (+53 pips profit). Just perfect
!!
Risk:Reward ratio = 1:2,1
Regards,
A
Long trade with classic entry at 1.3594.
H-L-HH-HL wave formation + buying pressure from 1.3575 right before LS starts... Long trigger.
Position closed at 1.3647, almost at the top of the day (+53 pips profit). Just perfect
!!Risk:Reward ratio = 1:2,1
Regards,
A
- #63,794
- Edited 4:21pm Jan 6, 2014 4:01pm | Edited 4:21pm
- | Commercial User | Joined Mar 2008 | 9,072 Posts
Boxing time... we have news in 20 mins.. Sonic
7 hrs later..
Told cha,,,
Good Morning from Singapore..
Sonic
- #63,796
- Edited 5:22pm Jan 6, 2014 4:48pm | Edited 5:22pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} UCad Short Trade Update: Added short #4, Scout. Examining M1, it very much looks like the market makers rammed the price right back up, maybe as a SL hunt on the shorts because the highest volume occurred at the "top" of the drive up, above DR1. The MMs might have hit stops, conserved that liquidity, then applied it at the highs to get more of their own short orders filled. This might not be the last of such price manipulation. If it goes sufficiently higher, I might add another short Scout. {image} {image}
Added shorts #5-6, Scouts.
Added short #5, Scout. In the after-hours market last session the MMs worked the price upwards on low activity; resetting the price higher to resume accumulation of short orders. This new Asian open continued the push up, achieving a 50% retrace of the last move down yesterday. Here I added another short Scout. This sort of price manipulation by the MMs might continue, and price might go higher. We cannot know how price will move. That is a fact! However, this seems a decent place to take the opportunity to add a short Scout in support of the original short Classic entry. Time will tell.
Edit: Added short #6 on 62% retrace. Set TP (tentative).
- #63,797
- Jan 6, 2014 5:46pm Jan 6, 2014 5:46pm
{quote} UCad Short Trade Update: Added shorts #5-6, Scouts. Added short #5, Scout. In the after-hours market last session the MMs worked the price upwards on low activity; resetting the price higher to resume accumulation of short orders. This new Asian open continued the push up, achieving a 50% retrace of the last move down yesterday. Here I added another short Scout. This sort of price manipulation by the MMs might continue, and price might go higher. We cannot know how price will move. That is a fact! However, this seems a decent place to take...
The Short configuration is not invalid after this new classic bull (marked in red)?
Sorry for bad English.
- #63,798
- Jan 6, 2014 6:22pm Jan 6, 2014 6:22pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #63,800
- Edited 7:21pm Jan 6, 2014 6:41pm | Edited 7:21pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
