Sonic R. System

Eu short - never mind the lines drawn

Just me in a nutshell

H.

Great trades!
And to be honest; I'm also bearish on EU longer term and took profit from long trade already. Just saw an oppoturnity to scalp long here and the reasons was rapid move down way prior news with high volumes on 1min chart (trap). 1min chart also confirmed buying as I marked on chart. I think that we're still gonna see maby bigger spike to upside before mark down to create more liquidity and hit stop losses of other traders short already. Maby we will see price visit here:

It was fun though

GU Short Trade Update:

Added short #2, a Scout. In after hours the downwards drift of prices suddenly stopped, and then popped a bit followed by a little higher trading (see your M1 chart). While theoretically this could be a slight aberration of the typical pattern when bull MMs are accumulating long orders, in the context of overall bearish PA this could well be additional confirmation the MMs remain bears, which is the way I interpret it.

There is a GBP high impact release in next LS. If the MMs are bears then they might push price up again on a liquidity creation move to accumulate more short orders, which could take price above my entries. If that happens, and I am at the computer, I intend to add to this short trade. If I am not at the computer, or anticipate not being at the computer, I might place a pending short order just below the upper whole number. That way, bear MMs cannot partake of getting more short orders above the whole number without giving me one first.

EJ Comment

Is there going to be an after hours sneak drop?

Earlier, PA dropped thru the drawn TL and has since been showing consolidation (MMs position building pattern). If PA breaks below the half number, it might be the start of a run down. Again, note the incredible short order accumulation (short selling) by the US MMs earlier.

And, if this happens, might other sneak drops happen with EU, GU, GJ, etc.?

Well done fex

GU Short Trade Update:

Added short #3, a Scout. I still have a pending short order near the upper whole number, but I have added this short Scout because the MMs might not push price up there. As it stands here in after hours trading, the Dragon is down and has slipped below the Trend line, a bearish situation. And this retrace back up to/into the Dragon is suspiciously looking like bear MMs hiking price when it is easier to do so, to further their accumulation of short orders.

Good lesson, thanks . I also see Yao-Ming really bearish on H4.

@loeil: Thanks

A PVSRA Lesson: Current Example

Since the close of the LS, GJ has been tightly ranging along a half number. On this M1 chart of GJ we can see those times of most notable activity coincide with when the bastard Market Makers hike the price above the half number. This is a PVSRA indication the MMs are bears. It is a premise of PVSRA that bears prefer to build short above key S&R, and there is no greater S&R than the half numbers except for the whole numbers.

And, to add to your understanding of how the "market" works (read that as how the MMs manipulate the market workings), it behooves the MMs to keep PA looking bullish (prices tending more to drifting up than down) in order to foster the deception that the market is bullish, so as to sucker long traders into placing long orders, so the bear MMs can get more liquidity to accumulate more short orders for themselves.

Towards the extreme end of the forex trading day, see how the MMs still attempted to decapitate any shorters that were on to them, but that were too confident and set tight SLs!

And then, the first thing in the new day Asian session is those MMs execute the "Coup de Gras", probably all planned in advance by the Market Makers, so that maximum liquidity derivation is achieved for their own accumulation of shorts. In other words, when no shorters were expecting it, the next shift of these bastard MMs marched in and wiped the floor with the asses of more of the surviving shorters!

And, with eleven hours left to go before the GBP high impact release, there is still plenty of time for the MMs to finish off all the rest of the shorters with a "short squeeze" 150-200 pips move back to previous highs. Will it happen? We cannot know, because it depends on how many short positions remain, and how much it might cost the MMs to go after them. It also depends on just what their planned down side run is to be. If sufficiently lower, it might be more profitable to just pull the rug when the time comes. Only the MMs see where everything is in the market and what the costs and profits are to go back higher before going lower versus just going straight away for the Bear Run for Profits. The point of the lesson is that we can know if the MMs are bulls or bears and we can usually have a good idea if they are closing or building. What we cannot know is how the price will move next, nor when the trend will reverse. Therefore, if we are building a position, while we might plant Scouts at what seem like good opportunities to do so, we must also never underestimate the willingness and the ability of the Bastard Market Makers to attempt to screw us out of our money.

Maybe one more Head Fake by the MMs above the drawn TL to trigger pending long orders and stop out more shorters to gain liquidity for their own short orders......


Now, lesson over. -tah

Edit : My tone earlier was not very nice let me try again. 3236 pages is daunting you probably don't need to but you can try.

Edit : Maybe its the way I'm reading it since the English language can be a nuance at times but PVSRA is not my method, I don't own it.

Edit : I've already mention it and I'll do it again, the necessary links to get you started is in POST 1. If you can't even read my one liner carefully good luck with PVSRA.
There will be a lot of reading you will be needing to do. I'm still trying to get my head around this stuff. So read POST 1 carefully the links are there, think of it as warm up.

EU Comment

Here it is still early in the Asian session, but the MMs are taking price lower, maybe, because price just broke down thru the half number. Dear Sonicers, be careful with this one. The MMs might indeed be bears (my personal assessment) but one way the bears get to accumulate short orders is to suck shorters in early, and later run the price back up to stop them out. So, if indeed the price proceeds below the half number, it might be a good idea to ignore it. When it hits lows and if you are bullish, then start paying attention. If you are a bear as I am, ignore it until the LS, and then give it even more time to see what the LS MMs do with the price.

EJ Comment

I have a short trade open on this, but I am sorely tempted to enter a long trade in another account because I am getting the feeling the MMs are going to push the price up a distance that would make a profitable, quicker long trade. Just a heads up for you Sonicers. Personally, I might or might not wait for the price to break up thru the whole number.

My EU assessment remains bearish, reasons are in picture above. I was not aware of Prof Tah's post on EU while editing the chart but his warnings are with very good reason. I was already short yesterday before news so I'm stuck with this one, could've gotten much better entries. I would like to suggest that if anyone wants to add shorts be prepared to withstand a move againts you up at least to 1.3700 should the MMs bare their fangs.

Edit : My own little conspiracy theory suggests the MMs are pretending 1.3650 is support to coax the moo moos. Maybe I'm a fool and it really is support but who cares? I'm learning this and enjoying it

I agree for some upside possibly still left for UJ, EJ and GJ.

I'm still holding my scouts and waiting for price to get little more close to these areas.

EJ Long Trade Opened:

Entered long #1, pre-LS Classic. After my previous post on this I entered without waiting for price to pop above the half number. TP is set. However high it goes, that is when I will start adding to my running short trade on this one.

GU
Long Classic re-entry taken.

I'm thinking they might be on to retest RDH zone. There have been so high volumes on these moves down, that I'm quite sure we are heading up next.
Longer term bias is on bear side, so tight SL.

Can't believe I missed this one!
I've been watching this pair move up for weeks and waited to get good entry when price starts heading down. When it finally broke trendline, it just crashed down with no test of the upper prices.

This pair really MOVES!


Maby they are still planning something big to upside next

CAD/JPY
on the daily chart we see high volumes at a very strong support and also a good rejection from this support.
http://www4.0zz0.com/2014/01/29/06/784271098.jpg

on 1H chart we see the rejection clearly with high volume from 92 level. also there is a classic entry
http://www4.0zz0.com/2014/01/29/06/654628087.jpg

on 1M chart we can see that high volumes occurs at lows , also the bullish moves is created with high volumes . which indicates that MM's are bulls
http://www4.0zz0.com/2014/01/29/06/121148228.jpg

Is this a good trade?

EU
Entered Classic Sonic R long trade.

Same reasons as GU trade.

Predicting (guessing) market moves today and planning trades according to it...

I'm impressed how you can see things both ways, it like you are trading like a MM or are you one