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Sonic R. System

  • #68,161
  • Apr 2, 2014 3:54am Apr 2, 2014 3:54am
Quoting Dyekid217
Prof. I still see bear mm's on the 1 min {image}
Yes, I have been watching that, also. It is possible the MMs took the price up as a part of building long, knowing pending short orders were up there above the 1/2 Level, that could be triggered in order to get the liquidity for more buying. And then the MMs promptly brought the price back down to keep up the deception of bearishness in order to coax more shorters to place orders.

For now, on M15, the Dragon is angled up, the Trend might be about to do so, and PA is still above the Dragon. Time will tell.
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  • #68,162
  • Apr 2, 2014 3:57am Apr 2, 2014 3:57am
AU - bears to me. Look at that bullish candle there, closed above the previous but look at the volume. Looks like exhaustion.

I have my shorts placed and now just waiting.
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Whatever is obvious is obviously wrong!"
  • #68,163
  • Apr 2, 2014 4:16am Apr 2, 2014 4:16am
Quoting loeil
AU - bears to me. Look at that bullish candle there, closed above the previous but look at the volume. Looks like exhaustion. I have my shorts placed and now just waiting. {image}
AUDUSD:

Yes, loeil, you could be right about this. My thinking was, and still is that the more immediate signs of bull MMs might mean they are going to hike the price ahead of the USD release, or maybe until the next round of AUD releases.

What the H4 chart shows is ranging price. Looking at it on the DAY chart suggests the possibility that this ranging is just a looser form of consolidation before another leg higher on the DAY chart.

I really do not know how PA will move next. My trade is based on the Classic setup and with previous signs of bulls at the lows.
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  • #68,164
  • Apr 2, 2014 4:29am Apr 2, 2014 4:29am
Quoting loeil
AU - bears to me. Look at that bullish candle there, closed above the previous but look at the volume. Looks like exhaustion. I have my shorts placed and now just waiting. {image}
hi Loeil why is it a bear signal to you? If price is pushed higher with lower volume I think it means no people are selling which should be a bull signal?
  • #68,165
  • Edited 5:03am Apr 2, 2014 4:53am | Edited 5:03am
Quoting SaiLyfee
USDCHF: {image} MM's are bulls so may be worthwhile looking out for going long on classics.. If the neckline is broken there is some nice potential for this one
Added to my existing old USDCHF trade:
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Edit:
Higher TF suggests reaccumulation:
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Awaiting eventual takeoff..
  • #68,166
  • Apr 2, 2014 5:03am Apr 2, 2014 5:03am
Quoting loeil
AU - bears to me. Look at that bullish candle there, closed above the previous but look at the volume. Looks like exhaustion. I have my shorts placed and now just waiting. {image}
AUDUSD:

Loeil, that exhaustion bar with my broker (fxcm) does not look like yours! please double check.

I am with Tah on this one at M1 and M15 charts. Also, looking at D1 chart, I see two possibilities: a run for profit higher above their average buying price in box 1, or more consolidation buying at dips before the run for profit higher.
I closed my short yesterday and opened first long today. If price goes lower, I will buy more.

Chart M15 same as Tah above.

Chart H4 and D1 below.

my 2 cents or 200 pips
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  • #68,167
  • Apr 2, 2014 5:11am Apr 2, 2014 5:11am
Interesting news regarding market making. It's strange (or not?) that this particular sale occurs after HFT trading has fallen recently within the cross hairs of US regulators and law makers:

http://www.bloomberg.com/news/2014-0...king-unit.html
  • #68,168
  • Apr 2, 2014 5:16am Apr 2, 2014 5:16am
Quoting eaymon
{quote} Hey TAH, This movement on GJ seems organic vs it being MM driven, similar to EURUSD a couple weeks back when we all thought it was MM driven, and several whole numbers later and a month later it is having issues getting back to entry prices we started at (i still have that trade open). my debate on this situation is that 400+ pips later even if the price moves back 600 or 800 pips, is it worth the risk to stay in so deep and so long when there are other opportunities to be had? I've noticed that more volatile pairs GJ, UC, EU, etc that even...
My experiences with GBPJPY:
_ I make pips if I work in favor the trend.
_ I lose if I work against the trend.
This pair is too volatile.
When I got tired of guessing when this pair I would change in trend, a small manual backtesting revealed to me that, to my way of trade, was just always respect the trend (as TFs).
This is a personal experience. I do not know if it will for everyone.
Check your emotions. How are you?
  • #68,169
  • Apr 2, 2014 5:18am Apr 2, 2014 5:18am
Quoting Tradeer
{quote} AUDUSD: Loeil, that exhaustion bar with my broker (fxcm) does not look like yours! please double check. I am with Tah on this one at M1 and M15 charts. Also, looking at D1 chart, I see two possibilities: a run for profit higher above their average buying price in box 1, or more consolidation buying at dips before the run for profit higher. I closed my short yesterday and opened first long today. If price goes lower, I will buy more. Chart M15 same as Tah above. Chart H4 and D1 below. my 2 cents or 200 pips {image} {image}
are you serious? buying from 1.xxxx to 0.8xxx ? i wonder who on earth would have a pleasure to do that ... you must be misunderstood
  • #68,170
  • Apr 2, 2014 5:20am Apr 2, 2014 5:20am
Quoting Tradeer
{quote} AUDUSD: Loeil, that exhaustion bar with my broker (fxcm) does not look like yours! please double check.
Mine is FXCM to but candles are like loeil's..

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  • #68,171
  • Apr 2, 2014 5:32am Apr 2, 2014 5:32am
Quoting traderathome
{quote} AUDUSD: Yes, loeil, you could be right about this. My thinking was, and still is that the more immediate signs of bull MMs might mean they are going to hike the price ahead of the USD release, or maybe until the next round of AUD releases. What the H4 chart shows is ranging price. Looking at it on the DAY chart suggests the possibility that this ranging is just a looser form of consolidation before another leg higher on the DAY chart. I really do not know how PA will move next. My trade is based on the Classic setup and with previous signs...
Couldn't the same view be reversely applied? Ie. MM's pushing price above half number to trigger long pending orders and offering more liquidity to short ahead of major USD news?

This is what I see on my broker (MBtrading) The most volume I see is at highs and occuring above the half number *.92500

Nevertheless I do agree that only time will tell where the market will go.
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  • #68,172
  • Apr 2, 2014 5:41am Apr 2, 2014 5:41am
What do you think of AUD/USD today.

On H4 a candlestick just hit it(RDH) and take note RDH is very near a whole number acting as resistance and re-tested twice. It looks selling to me. A classic if you will.

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On H1 pretty much the same story. RDH is on the same whole number and again it's resistance re-tested twice. Looks classic again

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On M15 trend is down and I'm confused. Is this still position building or has the run for profits began already? Should I draw conclusion on higher TF.
One thing is for sure we'll have to see what US MM's have in store. Still learning PVSRA. Thanks.

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Patience and Discipline, these are the Holy Grail.
  • #68,173
  • Apr 2, 2014 5:47am Apr 2, 2014 5:47am
USDJPY Short:
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SL set as I am cautious of the upcoming high impact news event.
Also I don't want to stress over any added DD. This is simply just a trade I am happy to have a go at
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  • #68,174
  • Apr 2, 2014 6:03am Apr 2, 2014 6:03am
Quoting niec
{quote} hi Loeil why is it a bear signal to you? If price is pushed higher with lower volume I think it means no people are selling which should be a bull signal?
We are like blind leading the blind

Can sonic share his view?
  • #68,175
  • Apr 2, 2014 6:58am Apr 2, 2014 6:58am
I have added to my second GJ short on an early classic as the 4hr shows it has tested the daily wedge trend line. It may still break the wedge long to create a final head fake. I will not add more scouts as this pair is a very aggressive pair and can move many pips against your position. You must be careful when trading Yen crosses.

My NU trade is doing well as the NU looks like it may be making its bear run for profits.


God Bless,

World Freedom
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  • #68,176
  • Apr 2, 2014 7:22am Apr 2, 2014 7:22am
Added USDCHF classic long following high volume at the lows and good numbers from US news
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  • #68,177
  • Apr 2, 2014 7:57am Apr 2, 2014 7:57am
GBPJPY: Classic entry: Short.

http://charts.mql5.com/4/335/gbpjpy-...da-markets.png
  • #68,178
  • Apr 2, 2014 8:10am Apr 2, 2014 8:10am
Quoting sherdog
GBPJPY: Classic entry: Short. {image}
Nice chart I see a H&S pattern! Maybe GJ will finally fall
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  • #68,179
  • Apr 2, 2014 8:23am Apr 2, 2014 8:23am
USDCAD clasic M5
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  • #68,180
  • Edited 10:10am Apr 2, 2014 9:50am | Edited 10:10am
Draw Down, Volume and R:R Discussion:

IMO, those previous posts discussing draw downs, volume and R:R bring to light important issues with some excellent input from experienced as well as new traders. The one issue that appears to receive so much attention is the fact that traders seem to be concerned to the excess about their volume or candles not appearing exactly as others. We must remember that volume is that of your Broker and will vary from Broker to Broker. It seems as though the importance of the Dragon and MA's location to each other and how and if they are trending appear to be given less consideration. I downloaded the PVSRA PDF to my desktop and from time to time I re-visit the PVSRA PDF to re-acquaint myself with the basics. Please notice that TAH suggests a bit of volume to validate a classic entry, not the reason.

Excerpt from the PVSRA PDF by TAH that helps me to get back to the Sonic R basics hopefully it will re-acquaint others as well;
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