GJ looks bearish.. imo
Sonic
Sonic
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- #64,324
- Jan 21, 2014 6:42am Jan 21, 2014 6:42am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #64,325
- Jan 21, 2014 6:58am Jan 21, 2014 6:58am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} pls recheck your parameter on higher time frame, since MM will still push price further down towards 0.87852. I might be wrong but beware, not yet time to go long.
You can always make your own analysis, this is my analysis and I trade only by my own analysis.
Whatever is obvious is obviously wrong!"
- #64,331
- Jan 21, 2014 9:21am Jan 21, 2014 9:21am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
UJ Long trade opened and took profit. Didn't have time to post while trade was going on, cause my boss keeps lurking behind meHere's the trade in nutshell with explanations for your eyes to see and use in learning process. {image} {image} {image} {image}
UJ Full rewerse Short trade opened {image} {image} Edit: SL moved at BE {image} Edit: Continuation -> possibility to rewerse to long again Leaving computer now and leaving trade run SL at BE {image} Edit: Trade hit SL at BE
Back at Computer! UJ short trade hit SL at BE UJ Long trade opened. Risky trade as there is higher timeframe trendline just above. Still, this is what PA tells me. {image}
If you keep with this sort of self-less expenditure of time for the sake of helping others to learn properly, you will replace me as "Professor"!
Sonicers, JRissa is exemplifying the right way to trade the Sonic R. System, using PVA Candles and Volumes and S&R (PVSRA) to define support and resistance that backgrounds the most likely limits of the MMs near term price swings, and hence, the confirmation for setups and the likely targets.
Well done, JRissa,
-tah
- #64,332
- Jan 21, 2014 9:22am Jan 21, 2014 9:22am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
{quote} HI SONIC i'am in the same short. my target is 171,5
U mean this??
TOld Cha...
Nite..
Sonic
- #64,333
- Jan 21, 2014 9:29am Jan 21, 2014 9:29am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #64,334
- Jan 21, 2014 9:52am Jan 21, 2014 9:52am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Kindergarten Lesson
It is all totally explained for those capable of reading (and dedicated enough to do so) in the User Notes at the top of the indicator's compile. BTW, in downloading the TAH indicators, you were clearly instructed to read these User Notes for all the indicators. This is what happens when you don't!
Note the 1st chart (Sonic's). How was this "display" created? Simple, he clicked the "+" zoom icon twice! 
But that is not how the TAH templates are designed to be used. Use the "Chart Zoom Tracking" feature! This centers on the Filled Dragon indicator, that has External Input number choices. If you are prone to zooming in/out on your charts, you can change from the default setting of "3" to "7". Now when you zoom in/out just click on the "+/-" zoom icon (click "+" twice in this case), but follow that with switching the chart TF once (or twice, to return you to your TF of choice) and this is what you see! Such a small effort by the educated for such a great improvement. 
It is all totally explained for those capable of reading (and dedicated enough to do so) in the User Notes at the top of the indicator's compile. BTW, in downloading the TAH indicators, you were clearly instructed to read these User Notes for all the indicators. This is what happens when you don't!
Note the 1st chart (Sonic's). How was this "display" created? Simple, he clicked the "+" zoom icon twice!
But that is not how the TAH templates are designed to be used. Use the "Chart Zoom Tracking" feature! This centers on the Filled Dragon indicator, that has External Input number choices. If you are prone to zooming in/out on your charts, you can change from the default setting of "3" to "7". Now when you zoom in/out just click on the "+/-" zoom icon (click "+" twice in this case), but follow that with switching the chart TF once (or twice, to return you to your TF of choice) and this is what you see! Such a small effort by the educated for such a great improvement.
- #64,335
- Jan 21, 2014 10:04am Jan 21, 2014 10:04am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} GJ short Trade Update: Added shorts #7-11, Scouts. This push up turned out to be more than I suspected it might become. As it turned out, it was a good pre-LS Classic long, which I should have taken. Anyway, to me this still looks like a "put up job" by the MMs to get liquidity for adding shorts. If this is correct, there is a nice bear run for profits coming. {image}
Added shorts #12-15 (#15 just made), Scouts, some via pending orders that executed while I slept. And now it appears that the MMs are definitely bears, trying to extricate themselves from their long positions. This might take some time (Wyckoff Distribution Phase) as the MMs work the price up and down for days trying to trick longs into the market so they can hand off their longs and go short. Remember, it is all about liquidity. Even the Market Makers need traders to take the opposite side of the side the trades the Market Makers wish to make. Hence, the MMs swing the price up and down, trying to trick "wrong side" traders to make that leap of faith.
- #64,336
- Jan 21, 2014 10:20am Jan 21, 2014 10:20am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU Short Trade Re-Opened: Entered shorts #1-2, Scouts, and a bit later added shorts #3-6. In the wake of closing my short trade and looking for the MMs to hike the price, they did. So I opened a new EU short trade right away with two Scouts, and will add more if they hike the price more.{image} Edit: As the FO MMs continued the price hike, I added shorts #3-6. Now waiting to see what the LS open will do.{image}
Added shorts #7-12, Scouts, as the US MMs worked the price back upwards to the half number area and then above MR1. To me, EU is clearly bearish. This swinging of the price up and down is nothing more than the Market Makers trying to suck in "wrong side" traders (long side traders) and hit stops on existing shorts, all to create the liquidity the MMs need to accumulate short positions. It is nothing more than that. This price swing is confirmation of bears and a bear run for profits is coming.
Note that there is a shitload of EUR high impact releases coming this week. Could be the MMs (they already know this stuff, Sonicers) are getting ready to whack the price.
- #64,339
- Edited 11:06am Jan 21, 2014 10:34am | Edited 11:06am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AU Comment
This is bullish to the "Nth degree"!
Note the wonderful volume as the MMs took the price lower. Note the MM's "final" strike to lows on high volume. Note the wonderful volume back up off the lows! The entire range has been a feast for the MMs, gorging themselves on accumulation of long orders!
And now, we have a nice Sonic R. Classic long setup. Yes, late in the day, so make up your own minds about any entry now, but there is an AUD high impact release coming in the next Asian session.
Another thing that makes this so attractive is that all the pieces of the puzzle fit. Note that this setup is right at a whole number! And the MMs prepared for it below the whole number (PVSRA)!!!!!!!!!!!!!!
Yes, between now and the AUD release, the MMs, might continually try to add more longs at lower prices. This is to be expected. So, if an entry is made, keep reserves to add long Scouts should good opportunities at a lower prices present themselves. Also, keep in mind that because the MMs are greedy bastards, they might use their whipsaw strategy to accumulate even more longs just before they start their bull run for profits. Be prepared for it to happen, even if it ends up not happening. Being prepared means that you do not load up yourself too much, too early, and end up getting pinched on Margin. It is better to be lean and mean, and even maybe set a pending order real low, just in case. And to stand by, ready to also make a manual order just in case the MMs are not as greedy as your pending order anticipated, or just in case they were even more greedy!
Finally, in full disclosure, I am long this pair (H1 trade chart attached).
My Take on This,
-tah
This is bullish to the "Nth degree"!
Note the wonderful volume as the MMs took the price lower. Note the MM's "final" strike to lows on high volume. Note the wonderful volume back up off the lows! The entire range has been a feast for the MMs, gorging themselves on accumulation of long orders!
And now, we have a nice Sonic R. Classic long setup. Yes, late in the day, so make up your own minds about any entry now, but there is an AUD high impact release coming in the next Asian session.
Another thing that makes this so attractive is that all the pieces of the puzzle fit. Note that this setup is right at a whole number! And the MMs prepared for it below the whole number (PVSRA)!!!!!!!!!!!!!!
Yes, between now and the AUD release, the MMs, might continually try to add more longs at lower prices. This is to be expected. So, if an entry is made, keep reserves to add long Scouts should good opportunities at a lower prices present themselves. Also, keep in mind that because the MMs are greedy bastards, they might use their whipsaw strategy to accumulate even more longs just before they start their bull run for profits. Be prepared for it to happen, even if it ends up not happening. Being prepared means that you do not load up yourself too much, too early, and end up getting pinched on Margin. It is better to be lean and mean, and even maybe set a pending order real low, just in case. And to stand by, ready to also make a manual order just in case the MMs are not as greedy as your pending order anticipated, or just in case they were even more greedy!
Finally, in full disclosure, I am long this pair (H1 trade chart attached).
My Take on This,
-tah
- #64,340
- Jan 21, 2014 11:21am Jan 21, 2014 11:21am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
YEN Pairs Comment
Using my NJ trade chart as an example, just look how the Market Makers have been whipsawing the price; up, down, up, down.....
This is the technique the MMs use to either change positions, or to accumulate positions. The up/down PA (on whatever scale it might exist) is simply a good way to encourage "wrong side" traders to come to the slaughterhouse, and to decapitate the existing "right side" traders.
In this case, it is easy to see that the Market Makers could care less what the real relative values involved are. They are accumulating short positions, using as an excuse to hike or to torpedo the price in whatever manner they wish, whatever releases come about. The "market" had a positive "reaction" to that last NZD release, but as we can see, it has been a short lived lie. One clue to the "lie" was that the positive "reaction" never even got the price up to previous highs! BTW, I use the term "reaction" in quotation marks. The reason for this is simple. The market does not "react" to releases. The Market Makers already know what is coming and there is no regulation against "insider trading" in the currency market. The Market Makers do not "react" to releases. They scheme in advance of releases.
My Take,
-tah
Using my NJ trade chart as an example, just look how the Market Makers have been whipsawing the price; up, down, up, down.....
This is the technique the MMs use to either change positions, or to accumulate positions. The up/down PA (on whatever scale it might exist) is simply a good way to encourage "wrong side" traders to come to the slaughterhouse, and to decapitate the existing "right side" traders.
In this case, it is easy to see that the Market Makers could care less what the real relative values involved are. They are accumulating short positions, using as an excuse to hike or to torpedo the price in whatever manner they wish, whatever releases come about. The "market" had a positive "reaction" to that last NZD release, but as we can see, it has been a short lived lie. One clue to the "lie" was that the positive "reaction" never even got the price up to previous highs! BTW, I use the term "reaction" in quotation marks. The reason for this is simple. The market does not "react" to releases. The Market Makers already know what is coming and there is no regulation against "insider trading" in the currency market. The Market Makers do not "react" to releases. They scheme in advance of releases.
My Take,
-tah
