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Sonic R. System

  • #66,741
  • Mar 5, 2014 2:54am Mar 5, 2014 2:54am
Quoting traderathome
{quote} I see it this way, with the entire area above the whole number being the Market Maker's area for short building, but premium shorting occurred above 1/2 Level. And there could be higher prices reached if there is whipsawing today in conjunction with the NFP release after the US Open. And it would make this thread better if when you post a chart you unclick the order window in the upper left of chart, so readers can easily see the pair ID & TF. Ok? In fact, why don't you go back and edit your post by doing that with the chart, please,...
TAH: your take now on this? I no longer in the Long trade after your comments
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  • #66,742
  • Mar 5, 2014 4:17am Mar 5, 2014 4:17am
Quoting blessedtj
please Im in the learning process, want to learn how to analyzed Price action using Volume why is price stucked at this point on EU? i think MMs are accumulating longs at that level what do u think? {image}
EURUSD

In my opinion, last couple weeks, price moved to the higher structure and accumulated in range.
And last week, they pushed lower in order to load more long and shoot up to 1.38ish and even higher.
However, there was unexpected factor over the weekend so they changed the plan?
I see more activities in the up-thurst zone than the shake-out zone
I i were them, I will push the price lower to fill more long. Less than 3hrs to ADP Non farm to start the show
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  • #66,743
  • Mar 5, 2014 4:42am Mar 5, 2014 4:42am
Quoting blessedtj
please Im in the learning process, want to learn how to analyzed Price action using Volume why is price stucked at this point on EU? i think MMs are accumulating longs at that level what do u think? {image}
Why it stucked? I think there can be only 2 reason for that:

1. There is lot of indecision
2. Price started accumulation/distribution

In your case looks like accumulation starts, but I see there is still supply, so I wouldn't jump to long yet.
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Whatever is obvious is obviously wrong!"
  • #66,744
  • Mar 5, 2014 4:48am Mar 5, 2014 4:48am
EA: long opened (below a hole number)
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  • #66,745
  • Edited 5:18am Mar 5, 2014 5:04am | Edited 5:18am
Quoting loeil
GU - long. {image}

loeil,

Are you thinking its accumulating for longs and going to pop out of that demand zone heading towards .6708, 1st target then .6729, 2nd target?
Keep It Simple
  • #66,746
  • Mar 5, 2014 5:19am Mar 5, 2014 5:19am
Quoting cigarguy
{quote} loeil, Are you thinking its accumulating for longs and going to pop out of that demand zone heading towards .6708, 1st target then .6729, 2nd target?
I'm considering something like that at the moment..
Attached Image (click to enlarge)
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Whatever is obvious is obviously wrong!"
  • #66,747
  • Mar 5, 2014 5:22am Mar 5, 2014 5:22am
Quoting loeil
{quote} I'm considering something like that at the moment.. {image}

Yep, gotcha but its been up there for awhile.
Attached Image (click to enlarge)
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Keep It Simple
  • #66,748
  • Mar 5, 2014 5:29am Mar 5, 2014 5:29am
USDCHF - closed for 3257 pips gain

Decided to close them, it was long waiting, meanwhile had to close some of the worst ones. Didn't go as I expected, but I hope to avoid that mistake next time.
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Whatever is obvious is obviously wrong!"
  • #66,749
  • Mar 5, 2014 5:35am Mar 5, 2014 5:35am
Quoting cigarguy
{quote} Yep, gotcha but its been up there for awhile. {image}
Yes it is, but my analysis based only on M15 at the moment.
Whatever is obvious is obviously wrong!"
  • #66,750
  • Mar 5, 2014 5:45am Mar 5, 2014 5:45am
Quoting loeil
{quote} Yes it is, but my analysis based only on M15 at the moment.
loeil

Thanks for the heads up. I was not watching that pair
Keep It Simple
  • #66,751
  • Mar 5, 2014 5:58am Mar 5, 2014 5:58am
GU long scout added at the 1/4 number as it made its way back down following an area of demand (Hammer bars)
Set to BE in anticipation of the ADP NFP..holding out for bad US data and stronger GBP as a result, time will tell. Classic formation is now complete.
Attached Image (click to enlarge)
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  • #66,752
  • Edited 6:49am Mar 5, 2014 6:21am | Edited 6:49am
Closed GU long scalp, hit target 1.6708 +24, 2 lots, ahead of ADP NFP (probably way too soon!)
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Keep It Simple
  • #66,753
  • Mar 5, 2014 6:23am Mar 5, 2014 6:23am
Quoting JRissa
GU entered long scout #1 TP at 1.6750 {image}
Quoting JRissa
{quote} Cause I'm about to use some witchcraft Watch and see {image}
GU

Told Cha

Added three scout longs.

Took profits.

Outlook for GU marked grey wave on chart. Planning to re-enter long with better price again Original TP still in mind...
Attached Image (click to enlarge)
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I know the secret...
  • #66,754
  • Edited 6:35am Mar 5, 2014 6:24am | Edited 6:35am
Quoting JRissa
{quote} {quote} GU Told Cha Added three scout longs. Took profits. Outlook for GU marked grey wave on chart. Planning to re-enter long with better price again Original TP still in mind... {image}
Good call next maybe .6729 area. We'll see......what NFP brings.
Keep It Simple
  • #66,755
  • Mar 5, 2014 6:34am Mar 5, 2014 6:34am
Quoting JRissa
{quote} {quote} GU Told Cha Added three scout longs. Took profits. Outlook for GU marked grey wave on chart. Planning to re-enter long with better price again Original TP still in mind... {image}
Your indi shows average pips per trade? Count of pips looks more like about 120..
Whatever is obvious is obviously wrong!"
  • #66,756
  • Mar 5, 2014 6:35am Mar 5, 2014 6:35am
Quoting cigarguy
{quote} Good call next maybe .6729 area. We'll see......
I'm aiming still near RDH area 1.6750 is my original TP.

Buy limits on place. Waiting if they get filled
If not, I got my profits already

Attached Image (click to enlarge)
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Edit:

Pending buy limits removed. Price kept going, so plan reset
I know the secret...
  • #66,757
  • Mar 5, 2014 6:36am Mar 5, 2014 6:36am
Quoting loeil
{quote} Your indi shows average pips per trade? Count of pips looks more like about 120..
Yeah. Average pips from average entrypoint to TP, so final was 4 x 24,7pips
I know the secret...
  • #66,758
  • Mar 5, 2014 6:36am Mar 5, 2014 6:36am
Quoting JRissa
{quote} I'm aiming still near RDH area 1.6750 is my original TP. Buy limits on place. Waiting if they get filled If not, I got my profits already {image}
Yep, Me Too!
Keep It Simple
  • #66,759
  • Mar 5, 2014 6:37am Mar 5, 2014 6:37am
Quoting SaiLyfee
GU long scout added at the 1/4 number as it made its way back down following an area of demand (Hammer bars) Set to BE in anticipation of the ADP NFP..holding out for bad US data and stronger GBP as a result, time will tell. Classic formation is now complete. {image}
There was clear buying since yesterday
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Even though I walk through the darkest valley, I will fear no evil
  • #66,760
  • Mar 5, 2014 6:40am Mar 5, 2014 6:40am
Quoting SaiLyfee
GU long scout added at the 1/4 number as it made its way back down following an area of demand (Hammer bars) Set to BE in anticipation of the ADP NFP..holding out for bad US data and stronger GBP as a result, time will tell. Classic formation is now complete. {image}
what leads youto believe that the US will have bad/negatively impacting data?
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