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Sonic R. System

  • #70,821
  • May 7, 2014 9:16pm May 7, 2014 9:16pm
AUDUSD Long Trade Opened:

Entered long #1 pre-LS Classic and #2 Scout on retrace. No TP at this time, but based on larger TFs this could reach 0.9500 area.
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  • #70,822
  • May 7, 2014 9:18pm May 7, 2014 9:18pm
USDCAD Long Trade Opened:

Entered long #1, pre-LS Classic and #2 Scout on retrace. No TP set at this time.
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  • #70,823
  • May 7, 2014 9:56pm May 7, 2014 9:56pm
Hi everyone . I'm still holding on GBPUSD sell trade though . On M15 LH-LL had formed . Just that you need to pay negative swap

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  • #70,824
  • May 8, 2014 12:35am May 8, 2014 12:35am
Case GBPJPY: Bulls or bears?

At friday we saw a clear rejection of 173 area when NFP slammed GBPJPY eventually below 172. I was bearish on this then. However this week I've been following the action and I've spotted many signs of strength in GBPJPY. It has been testing 173 area several times and always coming down with a high volume. Clear bearish sign? I don't think so.

There is a clear supply area in 173 and "herd" is selling this area actively. Meanwhile they are ignoring that on the higher TF we are seeing higher lows and after the last high volume bar down from 173 market has now retraced back up with a very low volume. Also lower volumes are seen when market retraced to the area where it left with a high volume. I see this as a sign of strength too. So at the point I think I'm waiting to clear my book from shorts and switch to long.

What do you guys think?

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  • #70,825
  • May 8, 2014 12:56am May 8, 2014 12:56am
Quoting Meanwhile
Case GBPJPY: Bulls or bears? At friday we saw a clear rejection of 173 area when NFP slammed GBPJPY eventually below 172. I was bearish on this then. However this week I've been following the action and I've spotted many signs of strength in GBPJPY. It has been testing 173 area several times and always coming down with a high volume. Clear bearish sign? I don't think so. There is a clear supply area in 173 and "herd" is selling this area actively. Meanwhile they are ignoring that on the higher TF we are seeing higher lows and after the last high...

Excellent analysis, thank you !
  • #70,826
  • May 8, 2014 1:27am May 8, 2014 1:27am
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  • #70,827
  • May 8, 2014 1:29am May 8, 2014 1:29am
Quoting Meanwhile
Case GBPJPY: Bulls or bears? At friday we saw a clear rejection of 173 area when NFP slammed GBPJPY eventually below 172. I was bearish on this then. However this week I've been following the action and I've spotted many signs of strength in GBPJPY. It has been testing 173 area several times and always coming down with a high volume. Clear bearish sign? I don't think so. There is a clear supply area in 173 and "herd" is selling this area actively. Meanwhile they are ignoring that on the higher TF we are seeing higher lows and after the last high...
I don't think so.. Somehow, a level that being tested periodically doesn't mean that MM supporting bull. On my mind, they only steal and shake the Short holder by filling and hunting short holder stop. They doing it by slowly move the price back up again, and again, so the other might think that bull in control. By doing so, MM fill and reloading their own short. More short force stop by pumping up the price, force them mentally to be bull. At the end, all the bull sucked by bear when bear make the run. That's how MM steal the money. Distribution phase is the hardest way to pass when we hold several position. Maybe I can give an advice, never put big lotsize in one position, but follow the price, building position like MM did. In case the price goes up and up and something wrong happened, we can cutloss at minimum colateral damage.

But in case our position right, Pyramiding again with classic entry, but this time, Fire at will, because bull retreat from bear. The wave Higher low without higher high, on my opinion is the clear sign, more bull sucked. Why keep the price up then? To shake the short holder, forcing them to minimize their losses, somehow, they buying in the price that not low enough. But again, bull being sucked again, and the level 173 being frontline of bull and bear.

Dog eat dog, that's mean, shorter eat shorter. Shake em, so shorter switch into Long. Then let's eat them once more. Doubling their losses, but doubling our Profit. That's what I think MM do right now on GBPJPY. Chart shows their intention clearly...
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It's all started from page one
  • #70,828
  • May 8, 2014 1:37am May 8, 2014 1:37am
GA re-entry closed for 151 pips. I will look for a re-entry EP during or after LO
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  • #70,829
  • May 8, 2014 2:08am May 8, 2014 2:08am
Quoting Gupito1508
{quote} I don't think so.. Somehow, a level that being tested periodically doesn't mean that MM supporting bull. On my mind, they only steal and shake the Short holder by filling and hunting short holder stop. They doing it by slowly move the price back up again, and again, so the other might think that bull in control. By doing so, MM fill and reloading their own short. More short force stop by pumping up the price, force them mentally to be bull. At the end, all the bull sucked by bear when bear make the run. That's how MM steal the money. Distribution...
Definition of shake-out:
A shake-out will also stop a down-move. Here, prices have gapped down and fallen alarmingly after a bearish move has already taken place. If the market gaps-up on the following day (or bar), you have all the signs of a shake-out, and a good sign of strength.

Background: We see stopping volume time after time and higher and higher.

Future: First a low volume down move and after that I'm expecting a high volume breakout through 173.

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  • #70,830
  • May 8, 2014 2:30am May 8, 2014 2:30am
EUR/AUD

Strong volume at the lows. It will retrace before its continuation down.
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Take what the market gives you.
  • #70,831
  • May 8, 2014 2:41am May 8, 2014 2:41am
Quoting Meanwhile
{quote} Definition of shake-out: A shake-out will also stop a down-move. Here, prices have gapped down and fallen alarmingly after a bearish move has already taken place. If the market gaps-up on the following day (or bar), you have all the signs of a shake-out, and a good sign of strength. Background: We see stopping volume time after time and higher and higher. Future: First a low volume down move and after that I'm expecting a high volume breakout through 173. {image}
Ok, time will tell. Just a note in case you will examine later, bearish bar with extremely low volume happened on asia session post nfp news. If, we calculate average volume on gbpjpy asia session only (that's mean LS excluded), that's above average I think. Anyway, time will tell. For simply, price up then "long", price down then "short". Use proper money management in case our position busted. That's it. On a good trade, i'm okay, on a bad trade, i'm okay too... May pips goes with us...
It's all started from page one
  • #70,832
  • Edited 3:00am May 8, 2014 2:48am | Edited 3:00am
Quoting Gupito1508
{quote} Ok, time will tell. Just a note in case you will examine later, bearish bar with extremely low volume happened on asia session post nfp news. If, we calculate average volume on gbpjpy asia session only (that's mean LS excluded), that's above average I think. Anyway, time will tell. For simply, price up then "long", price down then "short". Use proper money management in case our position busted. That's it. On a good trade, i'm okay, on a bad trade, i'm okay too... May pips goes with us...
I agree! Good luck and green pips to all

EDIT: And for this post to be somewhat "useful" here is my view on EURAUD:
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  • #70,833
  • Edited 3:13am May 8, 2014 2:53am | Edited 3:13am
PVSRA: GBPJPY

Here is what I see,.....and the dump volumes exceed the pump volumes on each. What I don't see is what is to come. With so many GBP high impact releases coming today/tomorrow the MMs might pull off their Whppin' Whackin strategy to stop out shorts. They are capable of 200+ pips on either side of such a strategy, so 173.00 and higher could well be in-store for this pair. Based on PVSRA such would be an attempt to stop out many of the shorts that have been flocking in. The the price manipulating, deceiving & thieving robber banks could later seriously run the price lower, engorging themselves on all the extra profits they get from all the extra shorts they stole,........shorts they never could have themselves obtained without others first coming in short to provide the money!!!!!
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  • #70,834
  • May 8, 2014 2:54am May 8, 2014 2:54am
NZDUSD Short Trade Update:

Added part #2 as newly formed classic completed
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  • #70,835
  • May 8, 2014 3:01am May 8, 2014 3:01am
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high impact in gbpusd
  • #70,836
  • May 8, 2014 3:03am May 8, 2014 3:03am
Quoting smallshark
{image} high impact in gbpusd
http://www.reuters.com/article/2014/...A4616A20140507
  • #70,837
  • May 8, 2014 3:18am May 8, 2014 3:18am
Quoting traderathome
AUDUSD Long Trade Opened: Entered long #1 pre-LS Classic and #2 Scout on retrace. No TP at this time, but based on larger TFs this could reach 0.9500 area. {image}
AUDUSD Long Trade Closed:

Closed trade for 84.3 pips gain. Will look for re-entry at a later time for a lower price.
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  • #70,838
  • May 8, 2014 3:44am May 8, 2014 3:44am
Quoting traderathome
{quote} AUDUSD Long Trade Closed: Closed trade for 84.3 pips gain. Will look for re-entry at a later time for a lower price. {image}
Very nice trade Prof! Your entry so nice... Nice classic, but when you decide to wait for LO or not to wait for LO?
  • #70,839
  • May 8, 2014 3:56am May 8, 2014 3:56am
Quoting AdrianC
{quote} Very nice trade Prof! Your entry so nice... Nice classic, but when you decide to wait for LO or not to wait for LO?
AUDUSD:

It could have gone higher or lower. The profit was there. I never get anxious over a few pips one way or the other. I just felt that at any time the LO MMs might start the price lower again because the US MMs might want it low for loading longs. The problem is in thinking. It can spring loose the bias that we have caged, and cause all sorts of problems and actions we otherwise would be free of.

So, I took profit. It was a nice, typical Sonic R. Classic run. I am free now to watch the market play around some, without any concerns.

-tah
  • #70,840
  • Edited 4:50am May 8, 2014 4:00am | Edited 4:50am
GBPJPY.- triangle

Will he leave the inside of the triangle the price before the news? (GMT +1)

USDJPY similar GBPJPY
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Check your emotions. How are you?
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