Sonic R. System

Last night I entered a short trade in AUDJPY, currently still a losing trade.
The price is ranging between supply and demand zone, we wont know how long will it be, once it whack down, it will be run for profit period.
am I interpreting the chart correctly?

XT

It seems bullish to me too.

ej in the swing

I am with the UCAD bulls. As you can see marked by my chart the buyers have consumed the previous supply zone on a huge bullish bar. I have entered on the retest of the zone with volume at the lows. I see next supply maybe at RDH but more importantly at 1.09400

GBPJPY Long Trade Open & Closed:

This was my first trade for the week, closed for 799.5 pips gain. It was a Classic trade built larger with three Scouts as the price moved in the trade direction. Here is how it went.

At the open Yesterday, the Asian session MMs worked the price steadily upwards to the whole number. This looked bullish. When they did not ram the price up thru the whole number aggressively, it was a clue they were still bulls looking to accumulate more longs below the whole number. Price ranged until the Frankfurt open. The Frankfurt MMs whacked the price down thru the 3/4 Level and right back up (red bar) which was a clue they were bulls exhausting liquidity for longing at lower prices. This is when the Dragon crossed up thru the Trend and this is where I made my Classic trade entry. I added again when the US MMs dropped the price back towards the whole number and again after that when they moved it up and started ranging it. At this ranging level there were two clues the MMs were still bulls. First, the US MMs started ranging the price after only about a 25 pips move up from their first long building effort. Second, the drive up did not conclude with a strong ramming of the price up thru a whole or a half number. So, when the price was dropped below the 1/4 level towards the end of the London session - another move to exhaust liquidity for longing -I added my third Scout.

I posted earlier that I suspected the move up would break above the half number area. This is where I had placed my target close price. It did that. And you can see that this move up thru the half number is accompanied with very notable activity. This might, or might not, be a sign the MMs will start now to switch back to being bears. We cannot know how the price will move next. Time will tell.

-tah

Yeap. So it seems.

NzdUsd

Classic Long falls on Asia session.
Be patience, let's see what LO brings.


-AdrianC.

Thanks for the detailed explanation. Learn something new.

EURUSD:

Here is my take on this one.

First off, we see the Asian session MMs whipped up the price. We also see that the activity at the top of the whip is substantially greater than for the whip itself. This is a clear PVSRA indication the MMs are bears exhausting liquidity for shorting at the higher prices.

Secondly, we can see the Trend continues down and the flat Dragon continues to be below the Trend. This is not bullish.

Now, for the flies in the ointment.

First, there is a EUR high impact release coming in about five hours. The robber bank MMs already know the essence of it, so they might scheme to deceive and thieve. This could involve the price being pushed higher for shorting liquidity - triggering pending long orders, sucking in live longers, and stopping out some existing shorts - either before, during or following the release.

Second, there are two USD high impact releases coming later today. If the robber bank MMs do whip the price up, they might keep it up until these releases - more time to accumulate shorts - and this could involve the price being pushed even higher before, during or following these two releases.

Third, there is another USD high impact release on the following day. More of the same treatment could be dished out by the robber bank MMs, because the higher they push this now, the better it is for them if they remain bears.

In conclusion, we cannot know how the price will move next. So far the indications are the MMs are bears, not bulls. But bear MMs can and do put on some nice bull swings to rebuild their short positions. What do we do? Nothing! We do nothing until the market gives us the right stuff at the right time. That means we wait until we get a proper Classic setup that is in the direction consistent with the preponderance of PVSRA indications regarding if the MMs are bulls or bears.

Yes, we can venture to take a "counter trend" Classic against the PVSRA indications, but if we do so we need to recognize what we are doing, and watch any such trade like a hawk. Also, such trades might be more difficult to build and can turn out less rewarding for whatever efforts are made. Now, having duly cautioned here, if we do think the MMs are going to put on a nice bull swing, how good might the bull swing be? Look at M30. The robber banks could push price upwards anywhere from the upper whole number/RDH area, all the way up to that half number above RWH, where they last heavily loaded up on shorts. We just cannot know how price will move next. But we can get a decent read on the status of the MMs and we can see clearly when proper Classics set up.

-tah

USD/CHF - Bearish

gj resistence..break through will be good ;-) anticipating

There is nice rejection from previous supply area. Notice how many candles it took to retest this area? MM's are definately bears imo.

Watch list AU ...break support will be good downfall

traderathome, I couldn't find where did you close these old GBPJPY and EURJPY shorts?

http://www.forexfactory.com/showthre...24#post7406524
http://www.forexfactory.com/showthre...48#post7400048

Still open.

AUDUSD:

I agree. Both H1 and M15 are bearish. This is a beneficial combination.

are you trading demo?? Capital requirements would be so much and you trade 20 lots on the long one that you closed. 200 pips down on 15 lots = 30k loss and 15 lots capital requirement = roughly 45kusd..gg

Amazing...you must be super rich @.@

i closed mine and went long as well..made some..but usdjpy better now.

Dragon facing up, trend is up.. LS in 1 hour.. i see possible scout , will that work? time will tell

AU is trading zone...Need to watch if the support holds or breaks for major down :-)

AUDUSD:

Frankfurt Open MMs shorted it, but it is not going lower now. So, they might be waiting for the LO MMs to whip the price back up. If that happens, there will come a lot of new shorting by both, imho.