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Sonic R. System

  • #65,221
  • Feb 6, 2014 8:34pm Feb 6, 2014 8:34pm
Quoting JRissa
Oh, what a day! I'm excited to share with all of you that today I had a lightbulb turned on. Mr Amazing inspired me to try scalping once again. I begun to think little differently about volumes at different price levels and S/R zones and tried to develop quickie scalping method with high accuracy using only volumes and S/R levels. Tested this idea with couple of pairs with new fresh demo account to see how it performs and this day was great test day as there was a lot of movement with especially EU. I will continue this testing with this demo account...
insanity: Doing the same thing over... and expecting different results -AE
  • #65,222
  • Edited 9:30pm Feb 6, 2014 9:12pm | Edited 9:30pm
Quoting traderathome
Hope this is a good gift, For the NFE (NFP) release, my take is that the MMs might whack the price to suck in shorts and to hit Stops on longs. What to do with it? Well, one thing would be wait and see if before the release the MMs push the price back up to the half number area, and maybe take on a short position there (always do PVSRA for any confirmation of what the MMs are doing). Or, sit and wait and see if this whack job occurs. If it does, maybe take on a long position. Of course, you can maybe do both! Nothing is certain. We cannot know how...
Nice TAH! Even though its just possibility thinking, its good to think about scenarios the way MM's might be and be aware of what might play out! What you've outlined about MM's taking on positions before big news events has actually become one of my favourite uses of PVSRA. The MM's (with their insider info) definitely can be quite revealing at times if they want to be about what they are doing in advance to fill their pockets. Interested to see how this NFP goes
  • #65,223
  • Feb 6, 2014 9:24pm Feb 6, 2014 9:24pm
Gold
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Out of interest, does anybody have any opinions on the excessively high volumes on Gold over the past few days? To me it looks like it could be severely bearish?
My reasons for thinking that aren't going off of much other than price being at a resistance area as well as the 2 doji green candles
  • #65,224
  • Feb 6, 2014 9:27pm Feb 6, 2014 9:27pm
now to play the 'waiting game' sigh...
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  • #65,225
  • Feb 6, 2014 9:30pm Feb 6, 2014 9:30pm
Quoting traderathome
Happy Birthday, Sonic and SaiLyfee! Hope this is a good gift, For the NFE (NFP) release, my take is that the MMs might whack the price to suck in shorts and to hit Stops on longs. What to do with it? Well, one thing would be wait and see if before the release the MMs push the price back up to the half number area, and maybe take on a short position there (always do PVSRA for any confirmation of what the MMs are doing). Or, sit and wait and see if this whack job occurs. If it does, maybe take on a long position. Of course, you can maybe do...
So, MMs will do same thing as they did EU yesterday.​
  • #65,226
  • Feb 6, 2014 9:32pm Feb 6, 2014 9:32pm
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Is this similar to what you look for Mr Amazing?
I want more brain power!
  • #65,227
  • Feb 7, 2014 12:14am Feb 7, 2014 12:14am
Market Comment:

If this was an elite card playing club, where the most experienced, successful players usually arrived in two shifts (the LO and the US Open), it would seem the Valet Parking boys have gone to sleep in their own cars with the alarms set for the arrival time of the second shift.

Of those that did already arrive, they are holding their cards close to the vest, not wanting to bid yet, or show their cards to anyone for any reason.....
  • #65,228
  • Feb 7, 2014 12:21am Feb 7, 2014 12:21am
Quoting traderathome
For the NFE (NFP) release, my take is that the MMs might whack the price to suck in shorts and to hit Stops on longs. What to do with it? Well, one thing would be wait and see if before the release the MMs push the price back up to the half number area, and maybe take on a short position there (always do PVSRA for any confirmation of what the MMs are doing). Or, sit and wait and see if this whack job occurs. If it does, maybe take on a long position. Of course, you can maybe do both! Nothing is certain. We cannot know how the price will move next,...
AU Short Trade Opened:

Entered short #1, a Scout. The MMs hiked the price to the half number Level. Not much is happening in the market, so in a way this is maybe a very good clue.
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  • #65,229
  • Feb 7, 2014 12:42am Feb 7, 2014 12:42am
Quoting traderathome
Market Comment: If this was an elite card playing club, where the most experienced, successful players usually arrived in two shifts (the LO and the US Open), it would seem the Valet Parking boys have gone to sleep in their own cars with the alarms set for the arrival time of the second shift. Of those that did already arrive, they are holding their cards close to the vest, not wanting to bid yet, or show their cards to anyone for any reason.....
Oh really? I thought the LO/NY session hadn't started yet? Are you meaning the Frankfurt opening not having any action?
  • #65,230
  • Edited 1:02am Feb 7, 2014 12:46am | Edited 1:02am
Quoting SaiLyfee
{quote} Oh really? I thought the LO/NY session hadn't started yet? Are you meaning the Frankfurt opening not having any action?
In a joking way I was saying the market is and will be dead until the US open. And that is why when I saw AU suddenly perk up, I decided to enter short. It seemed an unusually active move considering how dead everything has been. But, I see now that some other pairs got some action around the same time.
  • #65,231
  • Feb 7, 2014 12:57am Feb 7, 2014 12:57am
Quoting traderathome
{quote} In a joking way I was saying the market is and will be dead until the US open. And that is why when I saw AU suddenly perk up, I decided to enter short. It seemed an unusually active move considering how dead everything has been. But, I see now that some other pairs got some action around the same time.
Oh right, yeah definitely that would be pretty fair to say
Entered long on GU this afternoon
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  • #65,232
  • Feb 7, 2014 2:49am Feb 7, 2014 2:49am
Quoting JRissa
Oh, what a day! I'm excited to share with all of you that today I had a lightbulb turned on. Mr Amazing inspired me to try scalping once again. I begun to think little differently about volumes at different price levels and S/R zones and tried to develop quickie scalping method with high accuracy using only volumes and S/R levels. Tested this idea with couple of pairs with new fresh demo account to see how it performs and this day was great test day as there was a lot of movement with especially EU. I will continue this testing with this demo account...
Today starting just fine also
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I know the secret...
  • #65,233
  • Feb 7, 2014 2:58am Feb 7, 2014 2:58am
Quoting JRissa
{quote} Today starting just fine also {image} {image} {image}
Great begin Friday.
  • #65,234
  • Feb 7, 2014 3:45am Feb 7, 2014 3:45am
Quoting JRissa
{quote} Today starting just fine also {image} {image} {image}
Day continues with some high impact news
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BTW
This is how it looks like
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I know the secret...
  • #65,235
  • Feb 7, 2014 3:52am Feb 7, 2014 3:52am
Quoting JRissa
{quote} Day continues with some high impact news {image} {image}
Some nice gains.
  • #65,236
  • Feb 7, 2014 3:57am Feb 7, 2014 3:57am
Quoting JRissa
{quote} Day continues with some high impact news {image} {image} BTW This is how it looks like {image} {image}
Really nice, JRissa
Newbie trader
  • #65,237
  • Feb 7, 2014 4:00am Feb 7, 2014 4:00am
Nice Work JRissa. Congrats. Whats the method behind the madness?? lol figure of speech so dont take offence.
  • #65,238
  • Feb 7, 2014 4:02am Feb 7, 2014 4:02am
Quoting JRissa
{quote} Day continues with some high impact news {image} {image} BTW This is how it looks like {image} {image}
I don't understand your scalping trades entry points. I use sometimes scalping too if I have a time and I always look for "no demand", "no supply" candles.

This is what I do, when I scalp. And look how nicely dragon supports the price. So I don't see any reason for entering long in top. Just wait "no demand" or "no supply" candle, look at dragon angle and then enter. Price tells you everything what you need to know. Isn't that little bit dangerous taking long in top where could be old resistance?
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Whatever is obvious is obviously wrong!"
  • #65,239
  • Feb 7, 2014 4:06am Feb 7, 2014 4:06am
Quoting loeil
{quote} I don't understand your scalping trades entry points. I use sometimes scalping too if I have a time and I always look for "no demand", "no supply" candles. This is what I do, when I scalp. And look how nicely dragon supports the price. So I don't see any reason for entering long in top. Price tells everything what you need. Isn't that little bit dangerous to enter in top where could be old resistance? {image}
Might be...

A work in progress

Quoting JRissa
Oh, what a day! I'm excited to share with all of you that today I had a lightbulb turned on. Mr Amazing inspired me to try scalping once again. I begun to think little differently about volumes at different price levels and S/R zones and tried to develop quickie scalping method with high accuracy using only volumes and S/R levels. Tested this idea with couple of pairs with new fresh demo account to see how it performs and this day was great test day as there was a lot of movement with especially EU. I will continue this testing with this demo account...
I know the secret...
  • #65,240
  • Feb 7, 2014 4:15am Feb 7, 2014 4:15am
Quoting JRissa
{quote} Might be... A work in progress {quote}
You have lot of experiences, you can improve your method easily

I just think that if you consider those "no demand" "no supply" candles too, then you will get much better entry places and this means more profit also
Whatever is obvious is obviously wrong!"
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