First Scouts for this week, lets see how this works out 
Now i am watching what happens with GJ.
Sonicer's are awesome
Now i am watching what happens with GJ.
Sonicer's are awesome
- #68,362
- Apr 7, 2014 8:51am Apr 7, 2014 8:51am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #68,365
- Edited 1:44pm Apr 7, 2014 1:12pm | Edited 1:44pm
- | Membership Revoked | Joined May 2012 | 240 Posts
USDJPY Buy
Lots of fresh buying at this level, previous buying level ahead of news, im sure they will slam price down to trap the shorts before they send it back up, we'll see
103 not 102
its also at a 50% fib blah blah blah
Lots of fresh buying at this level, previous buying level ahead of news, im sure they will slam price down to trap the shorts before they send it back up, we'll see
103 not 102
its also at a 50% fib blah blah blah
- #68,368
- Apr 7, 2014 2:34pm Apr 7, 2014 2:34pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
NZDUSD: Could it be more obvious? 
My take attached on the below chart:
**Update**
More heavy selling..This is looking very bearish with the 86 level being very coveted. High impact news in just over 2 hours. Time will tell where it is taken.
My take attached on the below chart:
**Update**
More heavy selling..This is looking very bearish with the 86 level being very coveted. High impact news in just over 2 hours. Time will tell where it is taken.
- #68,371
- Edited 4:24pm Apr 7, 2014 3:35pm | Edited 4:24pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDUSD: Could it be more obvious?
SaiLyfee, I agree with your analysis.
This pair has been ranging (from above the whole number to around 25 pips below it) wherein the entire range is being used for accumulation (of short orders according to M1 PVSRA). And because the entire range is being used this way, PVSRA on M15 and higher TFs is largely indeterminant. Here is another situation that points our the exceptional value of including M1 in the PVSRA. And your picture posted leaves no doubt in my mind the MMs are accumulating short orders, not long orders.
With the NZD high impact release coming in about 1.5 hours, if the MMs were bulls then they'd have whacked the price and would be doing most of their trading at lower prices, not the prices above the whole number but the prices below it.
Finally, look at the DAY chart. There was a solid sell-off from the highs; the MMs aggressively accumulating shorts. Then, probably in anticipation of what they plan to do next, they spent another several days re-pumping the price to get higher prices back so they could resume accumulating short orders at the higher prices achieved. The big clue in this re-pump is marked in yellow. It shows how the MMs whipped the price upwards, again to above the whole number, on practically no volume on their final day of the re-pump! And we can see how the volume is high again as the MMs are now repeatedly shorting down/up/down/up etc. from these highs. This is an absolutely valid PVSRA indication the MMs are manipulating prices to benefit their ongoing accumulation of shorts. Any practitioner of PVSRA who cannot see this needs to have their head examined!
There are USD high impacts coming over the next few days, so PA might continue to range, and maybe with some whipping and whacking, but at this stage PVSRA does indicate the MMs are bears, not closing longs but opening shorts.
- #68,373
- Edited 4:53pm Apr 7, 2014 4:38pm | Edited 4:53pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Please refer to page 23 of the TAH 130 page extensive PVSRA "textbook". An identical small candle in a EUR/USD analysis was described by TAH as the MMs being bullish and buying lower priced longs in high volume after having driven the price down. I knew I saw that little candle someplace before.
Sometimes we see small spread candles near highs or near lows, showing very notable volumes. The significance of this is that there obviously is a large number of pending orders being triggered in the area of that spread.
For example, suppose the price has come down to lows, and a small spread candle appears with notable volume. It signifies the triggering of a lot of pending orders within the spread of the candle. Are those triggered orders for longs or for shorts? While the MMs prefer to build long below key S&R, many others prefer to wait for price to break below a key S&R before opening a short position. So, the MMs might take price below key S&R in order to trigger pending short orders of others, and that will provide the liquidity the MMs need to close their shorts and open longs.
Is is possible some "rogue" MM might push price below a key S&R, knowing other MMs might be looking to execute long orders there, so that the "rogue" MM can get liquidity for accumulating more shorts? Yes, certainly this is possible.
PVSRA can help to determine what might be the actual case, not only by what is happening currently at such lows, but by the overall picture of price action and volume at key S&R levels on various TF charts, and by what ensues. Since we Sonicers are not seekers of highs and lows as places to open trades, we can afford to wait for ongoing PVSRA clues,......and wait for a Sonic R. System Classic setup that is appropriate to the overall results of our PVSRA.
-tah
- #68,374
- Apr 7, 2014 4:40pm Apr 7, 2014 4:40pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} PVSRA: Small Candle, Large Volume Sometimes we see small spread candles near highs or near lows, showing very notable volumes. The significance of this is that there obviously is a large number of pending orders being triggered in the area of that spread. For example, suppose the price has come down to lows, and a small spread candle appears with notable volume. It signifies the triggering of a lot of pending orders within the spread of the candle. Are those triggered orders for longs or for shorts? While the MMs prefer to build long below...
- #68,375
- Edited 5:37pm Apr 7, 2014 5:08pm | Edited 5:37pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} TAH, this is just the explanation I was looking for! I have saved this post. Thank you for making sense of it for me, very interesting, and well worth keeping in mind
You are welcome, though it is not the kind of market awareness information that you are used to getting from "Nfp"......
The question is, are you a slave to being tossed a fish here or there, "maybe" - by someone who seems more pretentious than practitioner - or are you going to learn how to catch them yourself. One is easy, but a waste of time. The other requires you apply yourself to the benefit of your future. One is enslaving and develops habits that are destructive. The other is instructive and develops habits that are constructive.
You decide, it's your future.
-tah
- #68,376
- Apr 7, 2014 5:30pm Apr 7, 2014 5:30pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} SaiLyfee, You are welcome, though it is not the kind of market awareness information that you are used to getting from "Nfp"......
"Its better to teach a man to fish so he can feed his family for a lifetime, rather than give a man a fish so he can feed them for a day."
- Something like that. You're absolutely correct.
- #68,377
- Apr 7, 2014 6:29pm Apr 7, 2014 6:29pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AUDUSD: I could be wrong about this, have been before, but this might set up for a decent Classic short. H4 shows three times towards the Happy Hunting of Shorts Grounds, all bullish looking candles thanks to the deceiving & thieving MMs. Personally, I am looking for PVSRA to start showing signs of the Bear. Not yet, but this is only the first of the new week. Lets see what happens after a day or so..... {image}
{quote} Sonic, you've demonstrated patience by not adding on the last break up thru the whole number; demonstrating what you have been recommending to others.
Entered shorts #1-3, Scouts. The MMs did push price above the 0.9283 level, which I was looking for, and I opened this short trade with three Scouts. With about two hours to go to the AUD release, the MMs could easily get the price higher again for more short building, which is what I see their price manipulations are for,......short building.
- #68,378
- Edited 7:00pm Apr 7, 2014 6:48pm | Edited 7:00pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #68,379
- Apr 7, 2014 7:31pm Apr 7, 2014 7:31pm
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
