{quote} i see bulls, but thats just me
- #68,382
- Apr 7, 2014 8:47pm Apr 7, 2014 8:47pm
{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...
-AdrianC
- #68,383
- Apr 7, 2014 8:50pm Apr 7, 2014 8:50pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Good to see Sonic going strong still. Keep it up! More importantly keep it about the Sonic Method. The Genesis thread just imploded recently with RJ leaving because of people not sticking to the original method. Sonic was my first system I embraced and it would be a shame to see it not last.
Aside from the trading system itself, these other things can destroy a thread.
The internet brings out the best and the worst in some folks. Some want to post whatever stuff they have on their mind. To keep a thread successful, this cannot be permitted. Notice should be given that it will not be permitted, and posters that flaunt their disregard for the content and purpose of the thread should be expelled.
Many threads are started by folks that are incredibly new to forex trading, and still wet behind the ears, so to speak. Others are started by folks that have been trading for some time, but that still haven't learned how the market really works. They start threads with a lot of hoopla, and when things go less favorably than they anticipated, when their touted method fails and folks following it are losing money, the originator of the thread sort of "vanishes".
It takes active and disciplined administration of the thread, and ongoing demonstration of the method by the originator and by a growing number of traders that are successful with the trading system. It takes repeated posting of real-time trades - posts well annotated such that they become suitable for the edification of readers - posts of quality that stand head and shoulders above the typical fare you see on Forex Factory. Without these things, the thread becomes polluted and descends into the murky depths of all the other unremarkable threads.
The Sonic R. System is a Winner,
-tah
- #68,385
- Edited 9:28pm Apr 7, 2014 9:14pm | Edited 9:28pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDUSD Short Trade Opened: Entered shorts #1-3, Scouts. This trade was opened at the time of the last NZD high impact release. Following the release there was a lot of up/down PA, indicative of position building - what the market calls "consolidation" (so you are not quite sure what is really going on). Of course, the key question is are the MMs building long or short? PVSRA on lower TFs indicate the MMs are bears, and presumably at this stage of the game they are building shorts, not closing longs. Due to the price being pumped up to this whole...
Added shorts #4-6, Scouts. The MMs continue to push up the price ahead of this week's USD releases. Not only that, but the analysis of the push up (M1 chart analysis) shows: (1) the higher activity is at the highs of each step up in price, and (2) there are occasional spikes down soon following new highs that indicate the MMs are quickly using up the liquidity for shorting that is created in the wake of their price hiking - new pending long orders placed below the new highs by long traders hoping to get in at a lower price, that are triggered by the MMs spiking the price back down,....deceive & thieve.
I continue to stalk for more short entries if the MMs push the price higher, ahead of the coming USD releases.
- #68,386
- Apr 7, 2014 10:38pm Apr 7, 2014 10:38pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #68,387
- Apr 7, 2014 11:17pm Apr 7, 2014 11:17pm
{quote} The Sonic R. System Thread Beats Them All! Aside from the trading system itself, these other things can destroy a thread. The internet brings out the best and the worst in some folks. Some want to post whatever stuff they have on their mind. To keep a thread successful, this cannot be permitted. Notice should be given that it will not be permitted, and posters that flaunt their disregard for the content and purpose of the thread should be expelled. Many threads are started by folks that are incredibly new to forex trading, and still wet...
not only that... threads need a shepherd and sheep (like myself) that keep coming back!
fxvps dot biz - Low latency, Low Cost & V. Fast FX VPS Servers - free trial
- #68,390
- Apr 8, 2014 12:39am Apr 8, 2014 12:39am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
AUDUSD:
SL hit on my last nights AU short trade for BE.
Added a scout as price made its way above the 1/4 number and into overhead resistance. I will be watching the 0.93000 level and any further classics for more shorting opportunities with this pair during the upcoming LS/NY sessions.
SL hit on my last nights AU short trade for BE.
Added a scout as price made its way above the 1/4 number and into overhead resistance. I will be watching the 0.93000 level and any further classics for more shorting opportunities with this pair during the upcoming LS/NY sessions.
- #68,392
- Apr 8, 2014 2:16am Apr 8, 2014 2:16am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
AUDUSD: SL hit on my last nights AU short trade for BE. Added a scout as price made its way above the 1/4 number and into overhead resistance. I will be watching the 0.93000 level and any further classics for more shorting opportunities with this pair during the upcoming LS/NY sessions. {image}
- #68,393
- Apr 8, 2014 2:43am Apr 8, 2014 2:43am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #68,396
- Apr 8, 2014 3:23am Apr 8, 2014 3:23am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Usdcad, signal in whole number , prvsa mms are bull {image}
prvsa?
signal in whole number?
I don't see any attention being paid to details. Curt, careless and not useful to Sonicers.
-tah
- #68,398
- Apr 8, 2014 3:49am Apr 8, 2014 3:49am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #68,400
- Apr 8, 2014 3:56am Apr 8, 2014 3:56am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} Wrong! Wrong! Wrong! Both you and the person that asked the question should follow instructions!
{quote} I believe that 34s are also EMAs not simple..
Dang. EMA..