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Sonic
Sonic
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- #64,382
- Jan 22, 2014 3:45am Jan 22, 2014 3:45am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Come.. place ur Bet.. News in 5 mins.. Sonic {image}
You always wait a high volume even ultra high volume and there was a high volume, don't understand why it wasn't important this time? Just curious because your trades are always very accurate
Whatever is obvious is obviously wrong!"
- #64,387
- Jan 22, 2014 6:04am Jan 22, 2014 6:04am
PA shows me to long this pair {image}
- #64,390
- Jan 22, 2014 6:54am Jan 22, 2014 6:54am
- | Commercial User | Joined Mar 2008 | 9,077 Posts
{quote} Can you explain your shorts? There was nice clue for longs..
Hit my SL..and out..
Sonic
- #64,391
- Jan 22, 2014 7:44am Jan 22, 2014 7:44am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Hi all., Can anyone explain this to me.. thanks in advance.. {image}
As you see, yellow area is support area and price falls and stopped exactly on support area and what tells the volume? Volume increased when price comes to test support and this can only mean that MMs building longs.
Now look at the second red circle, price again comes to test support and look at the volume now? Suddenly we see such a high volume on support area and this again can only mean that MMs building longs there.
Remember that MMs building longs on down bars and short building on up bars!
Keep the things simple, no need to over think. All what you need to know is front of your eyes, on your chart and not someone else chart
Whatever is obvious is obviously wrong!"
- #64,392
- Jan 22, 2014 8:17am Jan 22, 2014 8:17am
{quote} I would say, you concentrate too much those whole and half levels. I recommend you to look more volume and support/resistance area. As you see, yellow area is support area and price falls and stopped exactly on support area and what tells the volume? Volume increased when price comes to test support and this can only mean that MMs building longs. Now look at the second red circle, price again comes to test support and look at the volume now? Suddenly we see such a high volume on support area and this again can only mean that MMs building...
- #64,393
- Jan 22, 2014 8:19am Jan 22, 2014 8:19am
{quote} Keep the things simple, no need to over think. All what you need to know is front of your eyes, on your chart and not someone else chart
Exactly. I agree with loeil. I only trade when charts is clear like this.
- #64,394
- Jan 22, 2014 8:22am Jan 22, 2014 8:22am
Thnk u so much Loeil.,
I have a good understanding of VSA but wen i started readin PVRSA, these things clogged my mind.. Jus wanted to get it cleared from who has been doing it for a long time.. thnks for ur time in making up the chart n explainin.. Really appreciate it..
I have a good understanding of VSA but wen i started readin PVRSA, these things clogged my mind.. Jus wanted to get it cleared from who has been doing it for a long time.. thnks for ur time in making up the chart n explainin.. Really appreciate it..
Dindulkar I "borrowed" your chart for editing. I'm at the office so I have no access to anything other than a internet connection. Loeil's explanation was wonderful but your question was something I was asking also so to help myself learn better I am going to present my analysis using your chart. It will be messy and not because Loeil's advice is on deaf ears but rather my attempts to really drill this stuff into my head.
1)Now PA has been running between a whole and half number so the "what do MMs like to do above/below these levels" question can get tricky since it can be both. But since Whole > Half I would read the PA in this case as below whole instead of above half.
2)With the above defined, then looking at zones A and B we can see there is more volume below the whole than above. So what do MMs do when below a level? They build longs. This forms the initial bias.
3)Looking at C we see price being pushed above the whole number and coming down with almost half volume and a 2nd push up above only to be brought down. This is a MM trap for more liquidity in my opinion
4)The box 1 we see price push below the half number we see very high volume only to see it stop. First the screwed the bulls at C now the hit the bears. Its also long building. This would be the support zone in Loeil's explanation, this is confimred at box 2 when price went over the whole number with lesser volume only to get pushed down again. There is a blue and purple volume bar after that last push down. They have higher volume than the push down volume yet price movement was comparatively smaller. If MMs were selling, price should be dropping yet it did not and it happens to be under the PVT. So it has to be buying.
5)As mentioned in point 2 price shot up and a classice sonic long. Now looking at general PA price is in an uptrend and MMs were building longs. This tells us they are already in the running for profits phase. I have no idea how long they will run it perhaps to next BRN but if this is the chart I'm looking at on my platform I would need to go on higher TFs to try and assess how long have the MMS been running profits and decide if i want to try to jump on the band wagon or wait for signs of the next "play" which is a bear run.
Well I'm still learning so thanks for the space
I want more brain power!
- #64,396
- Jan 22, 2014 9:59am Jan 22, 2014 9:59am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Thnk u so much Loeil., I have a good understanding of VSA but wen i started readin PVRSA, these things clogged my mind.. Jus wanted to get it cleared from who has been doing it for a long time.. thnks for ur time in making up the chart n explainin.. Really appreciate it..
Just my thoughts
Whatever is obvious is obviously wrong!"
- #64,397
- Jan 22, 2014 10:43am Jan 22, 2014 10:43am
It´s like McDonalds. Im 
ing it. Going nicely according to Wyckoff´s theory.
Looking for R to become S - then will add again.
Also have a pending long lower at 8830 just in case.
H
ing it. Going nicely according to Wyckoff´s theory.Looking for R to become S - then will add again.
Also have a pending long lower at 8830 just in case.
H
"The future is already written in the past"
It´s like McDonalds. Im
Sir i'm in
, can you give me how to calculate best TP , sometime i can't against sleepiness 
{quote} Why, pray tell, would you be selling? Dragon is angled up. Trend is angled up. PA is above both! And all this after extensive accumulation of longs by the Market Makers yesterday. Do you think they went thru all that accumulation for one lousy run up that isn't even for 100 pips yet! Get real! Suppose you are right, and the price starts to drop, what is your TP? What is your overall plan? {image} {image}
Internet is sharing
- #64,399
- Jan 22, 2014 10:53am Jan 22, 2014 10:53am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
It´s like McDonalds. Im
Time to test support..
Whatever is obvious is obviously wrong!"
- #64,400
- Jan 22, 2014 10:58am Jan 22, 2014 10:58am
{quote} Sir i'm in
Regards,
H.
"The future is already written in the past"