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Sonic R. System

  • #68,921
  • Apr 15, 2014 3:20am Apr 15, 2014 3:20am
Quoting loeil
{quote} GJ - looks more bullish than bearish.. {image}
I also see that..

But let t dragon shows..

Sonic
  • #68,922
  • Apr 15, 2014 3:21am Apr 15, 2014 3:21am
Quoting loeil
{quote} GJ - looks more bullish than bearish.. {image}
I feel the same. Bear Bull
But dragon is still pointing 4-5 o'clock...
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But on GbpUsd
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As always time will tell.
  • #68,923
  • Apr 15, 2014 3:39am Apr 15, 2014 3:39am
Quoting traderathome
{quote} Moonwen, It is a fair question. Unfortunately many have asked it before. So, I am going to be brief. You can fill in the blanks or search the thread or just keep reading the thread. Eventually you will come across the numerous times I have written about this. Essentially, when a Market Maker, or a group of them connected together (ECN: electronically connected network) decide to collude to manipulate price, one thing must happen. As they buy/sell their way up/down the queue of pending orders at every price level any imbalance between pending...



Something along those lines:

http://www.theguardian.com/business/...-4pm-less-risk

A step-by-step scenario
3:45pm An international client calls the foreign exchange desk of a bank to convert some of its US dollars into £600m of sterling. It asks if the trade can be settled at the market benchmark price – established at 4pm each day and dubbed by the markets as "the fix" or "the fixing".
3.48pm The trader immediately buys £50m for the bank's own trading account at the market price of 1.6000 dollars to the pound. He does this as he knows he has a very large amount of pounds to buy over the next 12 minutes meaning there is a good chance that the price will rise.
3.50pm The trader has now made sure that his bank has been looked after. His £50m trade has caused the price of pounds to tick up to 1.6010 and the trader buys £100m at that price. He repeats this trade every two minutes, which drives the price higher each time. He stops when he has bought a total of £600m for his client by 4pm at an average price of 1.6035.
4pm The "fixing" states the price of the pound to the dollar is now 1.6060. The trader has filled his client's order and can also sell the £50m he bought for the bank. As the client has asked to pay the fixing price, he receives his £600m at a cost of $963.6m (£600m x 1.6060). But the bank has paid $962.1m (£600m x the average price of 1.6035), meaning it has made $1.5m out of the client's transaction. Add in the $300,000 won on the £50m side bet, and the trader has just made $1.8m for his bank in 15 minutes. Give the boy a bonus.


.... now multiply that 1.8M by the number of traders in different banks that were made aware of this deal....
  • #68,924
  • Apr 15, 2014 3:45am Apr 15, 2014 3:45am
EU - sign of bulls.
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Whatever is obvious is obviously wrong!"
  • #68,925
  • Apr 15, 2014 3:54am Apr 15, 2014 3:54am
Quoting loeil
EU - sign of bulls. {image}
Just how I see it for now..
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If we see it go up I may start to look short myself..
Time will tell
  • #68,926
  • Apr 15, 2014 3:59am Apr 15, 2014 3:59am
Quoting loeil
EU - sign of bulls. {image}
Loeil, you think the MM can go for the GAP the Sunday?

Thanks!!
  • #68,927
  • Apr 15, 2014 4:06am Apr 15, 2014 4:06am
Quoting VictorFF
{quote} Loeil, you think the MM can go for the GAP the Sunday? Thanks!!
Yes I think, but time will tell.
Whatever is obvious is obviously wrong!"
  • #68,928
  • Apr 15, 2014 4:20am Apr 15, 2014 4:20am
Quoting sonicdeejay
Big Vol.. SPotted.. Big news in 45 mins.. Sonic {image}
Hi all SonicR's, was my SL too high?
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Forex losses teach a trader - not the Forex profits (Linda Raschke)
  • #68,929
  • Apr 15, 2014 4:23am Apr 15, 2014 4:23am
Manual close 3scouts making +165.4pips.
Once again thank you Master Sonic & Prof Tah.
Banked +1308.6pips.

Attached Image (click to enlarge)
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PS. busy with uni stuff. Missed some Classic.
But yeah, this system is great!
Making money without wasting much of my study time~
-AdrianC.
  • #68,930
  • Apr 15, 2014 4:23am Apr 15, 2014 4:23am
Quoting VictorFF
{quote} Loeil, you think the MM can go for the GAP the Sunday? Thanks!!
Quoting loeil
{quote} Yes I think, but time will tell.
EURUSD:

What a neat deceive & thieve charade for the MMs this might be. Everyone has been thinking of that gap. The lower the MMs let the price go, the more longs flock in for the gap filling profit........which will never come because the MMs are gladly taking the short side of all those longs......and they continue the price lower - SLOWLY, so as not to scare the longs off, but just enough to make them think they are getting a even better deal!

Come to think of it, I bet that is the very reason the MMs gapped the price down this week; to entice longs and sucker them in.

-tah
  • #68,931
  • Apr 15, 2014 4:33am Apr 15, 2014 4:33am
Quoting traderathome
{quote} {quote} EURUSD: What a neat deceive & thieve charade for the MMs this might be. Everyone has been thinking of that gap. The lower the MMs let the price go, the more longs flock in for the gap filling profit........which will never come because the MMs are gladly taking the short side of all those longs......and they continue the price lower - SLOWLY, so as not to scare the longs off, but just enough to make them think they are getting a even better deal! Come to think of it, I bet that is the very reason the MMs gapped the price down...
This was along the lines of my thoughts too actually..its just great for them. They can do what they like with price, creating the illusion of gaps that are always filled to sucker in wrong side traders is most definitely playing to their advantage in some ways right now.
I have come to realise though, the most important thing is to pay attention to the dragon and the trend. Both are showing clear down...
  • #68,932
  • Apr 15, 2014 4:36am Apr 15, 2014 4:36am
Quoting vytas
{quote} Hi all SonicR's, was my SL too high? {image}
To begin the stoploss is fine. You should reset it when the wave is well defined.
Check your emotions. How are you?
  • #68,933
  • Apr 15, 2014 4:37am Apr 15, 2014 4:37am
Quoting traderathome
{quote} EURJPY Short Trade Update: Added short #2, Scout. No TP yet. EUR high impact release in about 1.5 hours. Anything can happen, but right now it continues to show bearish. {image}
EURJPY Short Trade Update:

Added short #3, Scout.
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  • #68,934
  • Apr 15, 2014 5:16am Apr 15, 2014 5:16am
Quoting dvarrin
{quote} Hi Traderathome, I'm short on AUDJPY M15 since yesterday. There were those two big red down bars after price touched a round number level. Then I entered a short trade after the bounce. What should have told me that it was too soon to enter a trade?
No pic., no post. Post no pic., post no answer.

-tah
  • #68,935
  • Edited 6:05am Apr 15, 2014 5:38am | Edited 6:05am
AUDJPY.- Long
Possible classic M5
Engulfing H1
Volumes Activity

Not rule out that it is another wave down...
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Check your emotions. How are you?
  • #68,936
  • Edited 6:42am Apr 15, 2014 6:12am | Edited 6:42am
YEN Pairs:

Sonicers,

Note the JPY high impact release tomorrow (about 19 hours from now). MMs might move prices back up a bit beforehand. Enough to trade long? I guess you decide that by looking at your chart. In any case, overall these remain bearish. UJ is excluded from this. I'd stay away from it. What is the effect of USD strengthening and so too the YEN? Seems not a pair I'd be interested in.

For example, take a look at AUDJPY on M15. The Dragon has turned down. So has the Trend. The clue is to see the heavy selling activity down from the upper whole number. The current price is not even 50 pips lower! Folks, think like the MMs! After all that friggin' work shorting - to build a short position - do you think they went thru all of that for meager pips? No! Of course not! More is to come. But with the JPY release coming, the MMs might whip the price up again for more short building. If they don't whip the price up, the marked local S&R area might hold as resistance. If they do whip the price up, it might go all the way back to the upper whole number. But this gets us into guessing. We cannot know how the price will move next.

Bearish is how I see the YEN pairs. I could be wrong, have been before. Time will tell.

-tah
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  • #68,937
  • Apr 15, 2014 6:14am Apr 15, 2014 6:14am
Watch this pair to take long positions
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Check your emotions. How are you?
  • #68,938
  • Apr 15, 2014 6:26am Apr 15, 2014 6:26am
Quoting traderathome
YEN Pairs: Sonicers, Note the JPY high impact release tomorrow (about 19 hours from now). MMs might move prices back up a bit beforehand. Enough to trade long? I guess you decide that by looking at your chart. In any case, overall these remain bearish. UJ is excluded from this. I'd stay away from it. What is the effect of USD strengthening and so too the YEN? Seems not a pair I'd be interested in. For example, take a look at AUDJPY on M15. The Dragon has turned down. So has the Trend. The clue is to see the heavy selling activity down from the upper...
I will consider your way of seeing. Thx traderathome.
Check your emotions. How are you?
  • #68,939
  • Apr 15, 2014 6:35am Apr 15, 2014 6:35am
Quoting Repsaj
{quote} I will consider your way of seeing. Thx traderathome.
Close my trade at resistance and wait... next session or clearer signals.
Thanks traderathome.
Attached Image (click to enlarge)
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Check your emotions. How are you?
  • #68,940
  • Apr 15, 2014 7:29am Apr 15, 2014 7:29am
AudJpy

Classic Short Entry Before US CPI and Yellen's Speech.
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-AdrianC.
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