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Sonic R. System

  • #66,401
  • Edited 8:31am Feb 27, 2014 8:20am | Edited 8:31am
Quoting ElectroGypsy
Closed my long USDCAD for a whopping +3.2 pips. For those of you who have a better grasp of PVSRA than me (most of you), do you think most of the volume is happening at the lows? Here's a 5 min chart with areas marked. The actual high volume is easier to see on the 1min... {image}
UCad:

ElectroGypsy,

I am short this pair, and also thinking of closing it, but as much as PVSRA is so difficult while tightly ranging, my conclusion still is that the MMs are bears that are just supporting the price in an effort to attract longs for liquidity for their shorting.

The MMs might be waiting for the "Fed Chair" release for their next move.
Attached Image (click to enlarge)
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  • #66,402
  • Edited 8:32am Feb 27, 2014 8:22am | Edited 8:32am
Quoting cigarguy
looks like a classic on EU(previous entry forgot to remove) Hindsight, should have let my long scout run {image}
EU:

cigarguy,

Be careful, as H1 has this very bearish, so bearish that it has me thinking this is the trend reversal. The move up only appears to be a retrace for the MMs to load more shorts. If you are scalping, some retraces can yield profits, so long as you watch like a hawk (as Master Sonicdeejay says).

The MMs might be waiting for the "Fed Chair" release for their next leg down.
Attached Image (click to enlarge)
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  • #66,403
  • Feb 27, 2014 8:26am Feb 27, 2014 8:26am
Quoting traderathome
{quote} EU: cigarguy, Be careful, as H1 has this still very bearish in appearance, so bearish that it has me thinking this is the trend reversal. The move up only appears as a retrace for the MMs to load more shorts. {image}
TAH, yes thanks. Thats why I closed my earlier scout long with small profit after loeil's insight...
Attached Image (click to enlarge)
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Keep It Simple
  • #66,404
  • Feb 27, 2014 8:34am Feb 27, 2014 8:34am
Quoting traderathome
{quote} UCad: ElectroGypsy, I am short this pair, and also thinking of closing it, but as much as PVSRA is so difficult while tightly ranging, my conclusion still is that the MMs are bears that are just supporting the price in an effort to attract longs for liquidity for their shorting. The MMs might be waiting for the "Fed Chair" release for their next move. {image}
Gotcha. Thanks for the input. I think I'll keep observing this pair until PVSRA becomes a little clearer
I'm a dog chasing cars.
  • #66,405
  • Feb 27, 2014 8:43am Feb 27, 2014 8:43am
TAH, are you thinking a short scout on EU based on your above post?
Keep It Simple
  • #66,406
  • Feb 27, 2014 8:51am Feb 27, 2014 8:51am
Quoting cigarguy
TAH, are you thinking a short scout on EU based on your above post?
EU:

If the MMs whack the price and it drops thru the half number, I suspect that will be a Classic short setup and entry short opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 2014 - 189.png Size: 59 KB
  • #66,407
  • Feb 27, 2014 8:52am Feb 27, 2014 8:52am
Hello

anyone trading with Oanda? the platform has no connection for more than 30min and their site is totally blank!!

pls your feedback

thank you
  • #66,408
  • Feb 27, 2014 8:54am Feb 27, 2014 8:54am
I'm experiencing connections problems to OANDA servers neither the mt4 platform or their desktop trading device are able to connect.
Their website is down and they do not even answer the telephone. Customer support phone answer requiring your phone number and asking you to leave a message, they will call. In the meanwhile your remain stuck.
  • #66,409
  • Edited 9:32am Feb 27, 2014 9:22am | Edited 9:32am
Quoting traderathome
{quote} EU: If the MMs whack the price and it drops thru the half number, I suspect that will be a Classic short setup and entry short opportunity. {image}

TAH, OK, thanks.

Earlier I was getting sucked in a long scout with the MM's volume, closed with small profit, until I saw H4 PA and comment from loeil;

"Hope you are right, but I would be careful with longs. Yes there is some high volume, but I see the first possible support area would be around RWL area.

As I see many USD releases will be coming afternoon, so everything is possible actually and maybe the price rallies up again. No ones know..

Expecting that USDCHF finally goes up from this mega long accumulation, there is reason to believe that EURUSD falls more. Pure speculation "
Keep It Simple
  • #66,410
  • Feb 27, 2014 9:45am Feb 27, 2014 9:45am
Quoting ElectroGypsy
do you think most of the volume is happening at the lows? Here's a 5 min chart with areas marked. The actual high volume is easier to see on the 1min... {image}
big long Red volume bar on your chart is Climax vol
  • #66,411
  • Feb 27, 2014 10:19am Feb 27, 2014 10:19am
Just got back and I find a very interesting break ...
Attached Image (click to enlarge)
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Adaptarse es la clave
  • #66,412
  • Feb 27, 2014 10:21am Feb 27, 2014 10:21am
Quoting traderathome
AU Long Trade Opened: Entered long #1, Classic. No TP yet. {image}
AU Long Trade Closed:

Manually closed for 127.9 pips gain. Added larger long #2, Scout, after first posting.
Attached Image(s) (click to enlarge)
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  • #66,413
  • Feb 27, 2014 10:30am Feb 27, 2014 10:30am
Quoting steos
Hello anyone trading with Oanda? the platform has no connection for more than 30min and their site is totally blank!! pls your feedback thank you
Now they are back :-(
  • #66,414
  • Feb 27, 2014 10:42am Feb 27, 2014 10:42am
Quoting gusetch
{quote} Now they are back :-(
Ok, sure, they are back now, you say. But did they empty your account while gone?
  • #66,415
  • Feb 27, 2014 10:48am Feb 27, 2014 10:48am
Quoting gusetch
I'm experiencing connections problems to OANDA servers neither the mt4 platform or their desktop trading device are able to connect. Their website is down and they do not even answer the telephone. Customer support phone answer requiring your phone number and asking you to leave a message, they will call. In the meanwhile your remain stuck.
sorry buddy, I hope you have not hurt too ..
Adaptarse es la clave
  • #66,416
  • Feb 27, 2014 10:57am Feb 27, 2014 10:57am
AU Long Trade Opened:

Entered long #1, Scout. After closing the previous long trade, I see the move down as a retracement by the MMs to reload longs. No TP yet.
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  • #66,417
  • Feb 27, 2014 10:59am Feb 27, 2014 10:59am
Quoting traderathome
{quote} EU: If the MMs whack the price and it drops thru the half number, I suspect that will be a Classic short setup and entry short opportunity. {image}
Take care what you write, too many people believe it. Study the analysis of waves, makes you really need ........
Attached Image (click to enlarge)
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Adaptarse es la clave
  • #66,418
  • Feb 27, 2014 11:00am Feb 27, 2014 11:00am
Hindsight, damn closed EU early missed about 60 pips from EP 01 and still running.........
Attached Image (click to enlarge)
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Keep It Simple
  • #66,419
  • Edited 11:17am Feb 27, 2014 11:05am | Edited 11:17am
Quoting traderathome
{quote} EU: If the MMs whack the price and it drops thru the half number, I suspect that will be a Classic short setup and entry short opportunity. {image}
Quoting elcurioso
{quote} Lleva cuidado con lo que escribes, demasiada gente se lo cree. Estudia el analisis de las ondas, te hace mucha falta.... {image}
elcurioso,

I said "If..." You see, you still do not read very well. Simply put, this is another example of how we cannot know how price will move next. Which is the very reason I said "If..."

As anyone can see using our template, the MMs simply hiked the price once again on another Pump & Dump. Eventually, the MMs will start a bear run for profit. I do not predict. So don't accuse me of false analysis. I do my best job to post what I am seeing, which anyone else can see also. But so far as predicting where price will go? No! We cannot know how price will move next, which is something I repeat often, so folks will understand the weakness in any analysis.

Now, if you persist in being obnoxious, I can have you removed from the thread.

-tah
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  • #66,420
  • Feb 27, 2014 11:11am Feb 27, 2014 11:11am
Quoting cigarguy
Hindsight, damn closed EU early missed about 60 pips from EP 01 and still running......... {image}
We always regret closing trades early, but remember: you've got to follow your system, and if for whatever reason your system isn't giving you a clear answer, play it safe. If you're taking good trades and closing them early, then you just have to improve on the "closing early part." But remember, you're still taking good trades
I'm a dog chasing cars.
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