Sonic R. System

Are you concerned that the Dragon and MA are flat with PA inside of the Dragon as I mentioned above? Or are you giving more weight to the whole number thinking they are building longs as you stated above? To me right now it looks kind alike no mans land! You have a good point and so does TAH in regard to the near resistance and that the MM's could be sucking in long for a downside move. I guess we will have our answer next week

No I'm not concerned about dragon or any whole number. Dragon can change direction in 15m. What I'm looking is volume and S&R areas.

As you see, support area stopped the price. We don't know yet does the price holds it or not, but we will be know that next week

loeil,

Yes, I was looking at that as well. OK, thanks for the input and yes the charts will talk to us next week

Guys, I'm just a newbie so don't mind to correct me anything just shoot it out okay?
Mine was different in some ways too


Below is my opinion on EU,
While looking at the chart, I saw PA creating HH + HL.
Yes highest volume is below the whole number.
But if MMs is bull why they want to create HH + HL?
An uptrend attract more bull to steal their liquidity, which is what MMs doesn't want right?
So a false push attract retail bull to fill their shorts orders above the whole number?
And the price is like just touch and go back below Whole number.
I'm more towards Bearish on EU.



Feel free to correct me! Thanks in advance.

Hi folks,
I have one problem - SonicR template and indys not work on my Windows 8. Some ideas?

EU Commet

Nice discussions are happening on this one,....what makes this thread useful to traders,....not just differing opinions, but why!

I would like to reiterate something, yes, inspite of loeil's uncanny ability to head the MMs in the direction of the "Poor House".

It is this, in the bigger picture EU seems to have made the turn down, and that means we need to be on the look for signs the MMs have switched from "Position Building" to "Run for Profits". In the "Run for Profits" phase there will be retraces upwards. We want that! We need that! That is where we can look for PA to roll over and give us a Classic short setup!

The question is, will there be a bigger run upwards than what we already see, after such a price whacking last week and with such notable volume? That notable volume, "stopping" volume, only means that PA might now be in that "limbo" stage, to be followed by a re-hike (the retrace we want), by ranging, or by a more immediate continuation of the run downwards. We cannot know how price will move next.

So, my caution about taking a long position is based on:
1. that "stopping" volume does not mean anything but that PA is likely to not forthwith proceed lower.
2. we cannot know how price will move next.
3. there is the increased likelihood, because of the strong drop last week, that PA is entering the "Run for Profits" phase, and if so then we should be more focused on taking advantage of a Classic short setup after the highs of a retrace, than on trading long before the retrace begins, because that is the least risky manner of trading if (and "if" is the key to this) the MMs have begun their bear "Run for Profits" phase.

As loeil said, next week we will know.

-tah

EU is way too bearish and no indication of reversal so is GU and GJ......but all three show "good-buys" next week

Huy to all,
fabulous discussion going on about EU. Thanks for the great stuff.
i would like to leave my posts and any kind of correction would be much apreciated.

Weekly analysis:

General consideration, price is above previous resistance (charted) and following a bullish lower trendline.
now, bar by bar:
A- price broke up previous resistance with a kind of climatic volume. We know that SM/MM like to sell hidden on up bars. If this was a bullish move we would expect that next bar would be up.
B- Very wide range down bar, with higher volume but not excessive, closing on the low. Clear bear candle type. this bar confirmed that it was some selling hidded on the previous break-up. This bar marks a change in supply/demand dinamics. preivous WRB were up.
C- Down bar with climatic volume, touching our lower trendline, closing previous wide range zone (aka supply/demand delta zone), closing old gap, but closing off the lows. The fact of closing off the lows might indicate that demand could be coming into the market.
D- This bar did not made a lower low, and closed above previous opening. this proves that demand has come into to market.
E- Bull candle with increase on volume, trendline supporting the price.
F- Up bar, narrow range, making a higher high, closing off the highs, inside S/D delta zone, with volume less than previous two bars. Classic definition for a no demand bar. (maybe the close it's not so perfect). Nevertheless, as all no demand bars, we need to prove it on the following bar.
G- This bar did not break the lower of our previous no demand, so previous no demand fails. Market might go up sign.
H- Again, a no demand bar. classic definition. Need to prove.
I- This bar proves the previous bar as no demand. what we need to take into consideration with this specific bar is that, despite has made a lower low and closed bellow previous low, it has also made a higher high and it closed off the lows. market is not so bearish yet.
J- Upthrust, the market has marked the price up, but it fall back to close near the low. if volume was high it would indicate a massive selling, but in this case the volume was very low. So SM/MM were not interested in higher prices.
K- Wide range down bar, creating a new S/D delta zone. relative small increase on volume.
L- Up bar with increasing volume, closing previous S/D delta zone, shows that there still some demand, market it's ready to fall.
M- Down bar with climatic volume. High volume on down bars, usually indicates that SM/MM is buying hidden in the high volume.
N- story repeats itself. with this bar and the next two, price went up on decreasing volume. There's clearly no interest on the market for higher prices.
P- No demand. Up bar, narrow range, hh, close off the highs with volume less than the previous two. need to prove on next bar. this bar apears right on the same place as the previous. after breaking resistance.
Q- This bar, trigered some shorts for sure, it cross down support (previous resistance), it went lower than previous no demand bar, (trigering rush shorts), it cross down the supporting trendline... but it went back up again, making and closing high on incresing volume. Very bullish candle. previous resistance is now turn into holding support.
R- Simple bull candle.
S- Up bar, narrow spread, off the highs, climatic volume, creating a supply zone. supply has come into the market. price might fall.
T- Down bar, wide spread, volume lower than previous two, indicates there's no selling pressure. Theres no evidence of donwside pressure. market is falling on low volume.

So, where price will go next?
i just don't care.

PS: i do not trade on this TF.

i just can't upload the chart!!!

cool you are missing u,v,w,x y and z

Hello
This is my view for NZDUSD and want to know your opinion about it as i still learning.
I think MM's are bears as the highest volume occurs at highs. Also, MM's always hike price above whole and half numbers with notable volume. After the last drop in Wednesday i think that they are in the phase of "Run for profit".
On weekly we see a beautiful pinbar at an a strong resistance.
I need some confirmation for my view, thanks to all.

Sunday watch

Took a longer 4hr look at the EU and saw 4 major retraces on the way up but did not break the trend line for a further move up with high volume. It finally broke the TL in the 1.38096 area and then retraced up above the whole number (of course where MM's like to close longs and add shorts) area and headed south. IMO now could be in a retrace while MM's are adding shorts for a further move down. I know many here are bullish looking for support at around the 1.37771 demand zone that's forming. I know that we have analyzed this pair ad nauseam, but just week end conversation we will see Quoting Gandhi "Honest disagreement is often a good sign of progress"

Here's my 2 bits on EU:

I'm still a bear for the short term---looking for a nice entry for another leg south.

I don't see any interested buyers at the lows [per volume analysis]--more selling from the peaks.

I'd be really interested in buying with a dip below 1.37.--where the major move up started and previous resistance turned into a short.

I also made a pretty market symmetry pictures for some patterns to consider.

Sonic, could you pls change the Indicator Quick Start Guide for Lazy Sonicers link in the 1st post to this one.

Thanks in advance.

Hi,

I'm new in forex. I would like ask what is mean these on chart:
RDL
RDH
PVT
DS
MS
DR
MR

Thanks in advance.

This is well worth a read for new and seasoned sonicers alike.

http://www.businessinsider.com.au/th...is-important-1

GU Long Scout entered.

Prepared for it to be whisked below the half mark [50]

Looking to add more to position after some sort of bounce/ rejection

EU
My opinion of this pair is to watch for possible retraces to the marked yellow areas near the 38.2 and 61.8 fib resistance areas near the zones of the upper and lower 1/4 numbers. Recent price action on this pair suggests the all important "Run-for-profits" phase we've all been so patiently waiting for may have begun as we can see their has been a major sell-off. As a result any retrace moves up to these areas should be closely watched for potential shorting opportunities.

EURAUD


The daily looks bearish, but we are at an area of previous high-buying interest. Looking to take a profit around 1.525--- there was a lot of volume in that area [-- and also would fall in the area of the downward trendline


Entered a scout. Looking to add more with bounce/ rejection of the low--right now it looks to be closing the gap of the broker.