Sonic R. System

Quoting Repsaj

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{quote} I do not know if you questions is why round numbers. Somewhere I read that it is part of human psychology and the history of acquired habits. It seems that the human brain tends to round. Thus began and so it has been preserved. I do not know how much truth there is in this matter.

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Quoting traderathome

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{quote} The History of "Levels" In the very old days of empire building by the British, in the days of the expanding concept of insurance (Lloyds of London) and in gambling on the risks of voyages and other matters, the British coin denominations were at the root of prices, including the gambling on risk and the trading of commodities. This included "pieces of eight", the division of 100 by 8 equaling 12.5. Older Sonicers remember when our Control Panel included these Levels too. They were dropped simply because they are not that necessary. The...

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Quoting allisonmagic

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Here's a thread related question you guys might or might not know.. i'm pretty sure it came up in the manual several times but no explanation as to why it happens. These technical levels, whole, half, quarter numbers.. support and resistance.. what makes these greedy monkeys bring price to these levels and since they are manipulating the market, why do they even care about support or resistance levels ? might be a stupid question but i didn't see any follow through to this in the manuals. Humbly Yours, Allisonmagic

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Quoting billko1977

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{quote} I actually just finished some videos on market manipulation that said that the reason the MM's used these levels is because it makes it easier for the average joe trader to know where to put his stop and easier for the MM's because there arent a million stops all at random levels..... they are all just above below whole numbers. obviously the MM's would only use these levels if it benefited them somehow.

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Quoting allisonmagic

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PVSRA strikes again ! {image}

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Quoting allisonmagic

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PVSRA strikes again ! {image}

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Quoting allisonmagic

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ok guys.. lol.. yeah i try to find opportunity anytime i can.. here's my reasoning for this.. just before the release, they dropped price down below the *75 quarter number.. after low volume trying to get up past the dragon. i saw a nice looking bear candle driving it below the quarter number, making me think they want price lower so they can start buying. why drive it low like that for no reason ? there was a reason.. we just had some important data come out. simple enough, i hope i answered you guys question. {image}

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Quoting traderathome

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GBPAUD Short Trade Opened: Entered shorts #1-2. Short #1 was a quasi-Classic Friday, when FO MMs started moving price up and it got to the area of the EP zone for a previous PA wave, as marked. Unfortunately, Friday was a rip roaring day that saw price go much higher. I just entered short #2, a Scout as the Asian session MMs worked the price back up once again. For days my interpretation of PVSRA is that the MMs are bears. They have kept the price above the whole number where they seem to be coveting the highs for higher volumes, and coming down...

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Quoting loeil

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{quote} GJ - to me it seems bearish too. Last friday we got nice rejection from 173.50 area and just right after that strong bearish reaction. The only thing what is little bit unclear to me is the volume on down bar. The volume seems too high for normal bearish run. On H1 chart we see big down bar on high volume and after that immediately bullish action. There is also support area, some bullish action is normal, but how strong bulls there are, too soon to tell. Anyway I hold my shorts. {image} {image}

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Quoting traderathome

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GBPAUD Short Trade Opened: Entered shorts #1-2. Short #1 was a quasi-Classic Friday, when FO MMs started moving price up and it got to the area of the EP zone for a previous PA wave, as marked. Unfortunately, Friday was a rip roaring day that saw price go much higher. I just entered short #2, a Scout as the Asian session MMs worked the price back up once again. For days my interpretation of PVSRA is that the MMs are bears. They have kept the price above the whole number where they seem to be coveting the highs for higher volumes, and coming down...

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Quoting allisonmagic

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{quote} Excellent entry, wish i could articulate as well as you

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Quoting traderathome

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{quote} Follow the example of Socrates. Walk the beach at night, making speeches to the stars, holding smooth pebbles in your mouth, forcing yourself to better articulate. -tah

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Quoting traderathome

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{quote} Follow the example of Socrates. Walk the beach at night, making speeches to the stars, holding smooth pebbles in your mouth, forcing yourself to better articulate. Or, follow the example of Hercules. As a youngster, start carrying the bull calf around the field. As you grow older, the bull grows bigger, and you become stronger. That way, anytime someone says they don't understand you, just toss some bull at them! -tah

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Quoting cigarguy

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{quote} And applies to what has been provided for us here, "Employ your time in improving yourself by other men's writings, so that you shall gain easily what others have labored hard for." -Socrates- Regards Cigarguy

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Quoting Gupito1508

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Bear start moving. Unfortunately, I'm not that patient. Closed too early... But, overall still banked 500 pip. {image}

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Quoting traderathome

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{quote} Follow the example of Socrates. Walk the beach at night, making speeches to the stars, holding smooth pebbles in your mouth, forcing yourself to better articulate. Or, follow the example of Hercules. As a youngster, start carrying the bull calf around the field. As you grow older, the bull grows bigger, and you become stronger. That way, anytime someone says they don't understand you, just toss some bull at them! -tah

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