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- #67,883
- Edited 12:12pm Mar 26, 2014 11:48am | Edited 12:12pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} USDCAD: Yes, we could see this maybe about 100 pips lower by the end of the week. And that might just be for "starters" because we can see how dramatic was the final pump and how focused the MMs have since been on building shorts. And price is not even down 200 pips from the highs. This could just be the start.... {image} {image} {image}
{quote} is there a possibility that it has changed course? {image}
eaymon,
We cannot know how price will move next. Period! Yes, a move either way could follow. A move either way could be a head fake.
What we can know is if PVSRA indicates the MMs are bulls or bears. And we can look for the "Run for Profit" phase.
This appears to still be in the bear MM "Position Building" phase. I have already posted on this more than once today, so I suggest you go back and re-read the posts. The preponderance of evidence is in favor of the MMs being bears. Of course, we cannot know how price will move next, but under the circumstances a wise trader should not automatically assume that a move upwards means the MMs have become bulls. Under the circumstances, bear MMs must move price upwards from time to time in order to deceive longs into entering the market or into placing pending long orders, both of which give these corrupt deceiving and thieving liquidity providing banks the opportunity to have new liquidity to continue to build their short positions.
I am reluctant to use trend lines, as I did in my post, because they limit thinking and create a bias. The Levels are the "all important" support and resistance in markets. I only used the trend lines to show that from upper peaks to lower peaks, there was more room for price to fall. In reality, neither the upper nor the lower trend line is a "limiting" factor. What the Market Makers decide to do is the limiting factor! And that, we cannot know.
-tah
- #67,884
- Mar 26, 2014 12:06pm Mar 26, 2014 12:06pm
- Joined Oct 2012 | Status: Bear pips catching ....... | 165 Posts
{quote} nice, where do you expect it to go to?
So I hope that the way down is open.
If the price will go down, I want to add more scouts.
If you think you can do a thing or think you can't do a thing, you're right
- #67,885
- Mar 26, 2014 12:10pm Mar 26, 2014 12:10pm
{quote} CadUsd - 20.3. 2014 We had almost four years TOP from 15.7. 2009. So I hope that the way down is open. If the price will go down, I want to add more scouts.
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USDCAD Close all short!! 695 Pips!
- #67,888
- Mar 26, 2014 12:31pm Mar 26, 2014 12:31pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} It's true. Dragon will show us the way.
Love your reply!
It should surprise no one that we continue to see the truth in Master Sonicdeejay's often repeated recommendations such as, "....Let the Dragon and PA show the way..."
- #67,890
- Mar 26, 2014 1:27pm Mar 26, 2014 1:27pm
- Joined Oct 2012 | Status: Bear pips catching ....... | 165 Posts
{quote} Catcher777, Love your reply!
This is an important rule here at Sonic thread:
".... Let the Dragon and PA show the way ..."
If you think you can do a thing or think you can't do a thing, you're right
- #67,891
- Mar 26, 2014 1:29pm Mar 26, 2014 1:29pm
{quote} Thanks TAH.
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- #67,893
- Mar 26, 2014 1:58pm Mar 26, 2014 1:58pm
{quote} Rule No. 1 is occupied: Rule #1,.....No pic., no post!
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- #67,894
- Mar 26, 2014 2:22pm Mar 26, 2014 2:22pm
{quote} Rule No. 1 is occupied: Rule #1,.....No pic., no post!
{quote} CadUsd - 20.3. 2014 We had almost four years TOP from 15.7. 2009. So I hope that the way down is open. If the price will go down, I want to add more scouts.
{quote} It's true. Dragon will show us the way.
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- #67,898
- Mar 26, 2014 4:52pm Mar 26, 2014 4:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #67,899
- Edited 5:23pm Mar 26, 2014 5:10pm | Edited 5:23pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #67,900
- Mar 26, 2014 7:19pm Mar 26, 2014 7:19pm
{quote} {quote} USDCAD: AdrianC, You did not state if you were long or short. Well, just be sure when you close your trade that you post the proper follow-up "closed trade" post, clearly and comprehensively annotated for this text book, so all readers can learn from it.
Doing travelling so didn't monitor the market just logged in once-twice a day to check out the status, so missed some classic entry.
Total with 5 scout entered, no classic entry.
BTW, thank you Prof Tah and Master Sonic sharing this trading system which helps me making some money even when I'm travelling and not putting my eye on the market!
AdrianC.