Disliked{quote} AUDUSD: The support area which you marked on your H1 chart is correct. However, I strongly suggest you not be presumptuous by drawing a bullish PA wave until there is one, which won't be the case until the Dragon is properly angled up,.....and even better if having crossed up thru the Trend. This can "miss" the first impulse up, but it is a good habit to have so that you miss the negatives which that first impulse sometimes entails - so you establish the knowledge of what is a proper setup and get into the habit of rejecting all else instead...Ignored
- #72,682
- Edited 4:55pm Jun 2, 2014 4:35pm | Edited 4:55pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
A Short Hunt, EURNZD:
On the basis of "weakness is in up bars weakening" this H4 chart shows the notable up bars declining. PA is now at a whole number LEVEL where previously the MMs suddenly spiked the price an additional 75+ pips to close longs and grab some premium shorts, and then promptly pulled the rug out from under it!
If you believe EUR is weakening, and that aside from the current MMs price manipulations of NZD it is eventually going higher, then this is a pair worthy of stalking for a Classic short, because if EUR weakens this goes lower and if NZD strengthens this goes lower = double strength down. 
Speaking of NZD, you can see that on NZDUSD the MMs are pulling out all the stops to drive the price lower ahead of the up-coming USD releases! In this case "strength is in the down bars weakening". 
On the basis of "weakness is in up bars weakening" this H4 chart shows the notable up bars declining. PA is now at a whole number LEVEL where previously the MMs suddenly spiked the price an additional 75+ pips to close longs and grab some premium shorts, and then promptly pulled the rug out from under it!
If you believe EUR is weakening, and that aside from the current MMs price manipulations of NZD it is eventually going higher, then this is a pair worthy of stalking for a Classic short, because if EUR weakens this goes lower and if NZD strengthens this goes lower = double strength down.
Speaking of NZD, you can see that on NZDUSD the MMs are pulling out all the stops to drive the price lower ahead of the up-coming USD releases! In this case "strength is in the down bars weakening".
- #72,684
- Jun 2, 2014 5:20pm Jun 2, 2014 5:20pm
hi guys I think there must be some other Sonicers using broker FOREX.COM.
I opened an account recently but I can't see volume on daily chart properly. I tried to communicate with them and that's what I got:
and that's what I see on my daily chart:
Are they cheating? I chose them because they are one of the largest broker in Australia.
I opened an account recently but I can't see volume on daily chart properly. I tried to communicate with them and that's what I got:
and that's what I see on my daily chart:
Are they cheating? I chose them because they are one of the largest broker in Australia.
- #72,685
- Edited 7:03pm Jun 2, 2014 6:31pm | Edited 7:03pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,686
- Jun 2, 2014 6:36pm Jun 2, 2014 6:36pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,689
- Jun 2, 2014 8:40pm Jun 2, 2014 8:40pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hi guys, I'm still new in sonic r so I would like to hear your advise on if this a good setup. {image} {image} Thank you in advance
M15 Dragon is above Trend which is angled up. So, do you not think there is a chance for a Classic long setup? In any case, neither a Classic long nor a Classic short has ARRIVED, so why the hurry to lock in a bear bias with so many bullish indications in the volume?
- #72,690
- Jun 2, 2014 9:02pm Jun 2, 2014 9:02pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} USDCHF: M15 Dragon is above Trend which is angled up. So, do you not think there is a chance for a Classic long setup? In any case, neither a Classic long nor a Classic short has ARRIVED, so why the hurry to lock in a bear bias with so many bullish indications in the volume? {image}
I shall go do more homework
Thanks prof tah
- #72,694
- Jun 2, 2014 9:55pm Jun 2, 2014 9:55pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,696
- Jun 2, 2014 10:14pm Jun 2, 2014 10:14pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
I opened Classic AU/USD
- #72,697
- Edited 10:39pm Jun 2, 2014 10:26pm | Edited 10:39pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,698
- Edited 10:41pm Jun 2, 2014 10:27pm | Edited 10:41pm
- | Joined Apr 2014 | Status: Trader | 263 Posts
I opened Classic AU/USD
Original:
My opinion:
with significant HH and HL would be great setup, or i could be wrong
- #72,699
- Edited 11:06pm Jun 2, 2014 10:46pm | Edited 11:06pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
A Short Hunt, EURNZD: On the basis of "weakness is in up bars weakening" this H4 chart shows the notable up bars declining. PA is now at a whole number LEVEL where previously the MMs suddenly spiked the price an additional 75+ pips to close longs and grab some premium shorts, and then promptly pulled the rug out from under it! If you believe EUR is weakening, and that aside from the current MMs price manipulations of NZD it is eventually going higher, then this is a pair worthy of stalking for a Classic short, because if EUR weakens this goes lower...
Entered as pre-LS Classic short. Decision to enter before LS was based on the heavy shorting activity in the first leg of the PA wave and the second leg price pump. As a pre-LS setup, there is always the possibility the LS MMs will whip up the price to advantage their own short building. I might add if this happens.
Edit: Closed trade for 274 pips gain. Will wait to see if LS involves a bull retrace and presents a new short entry.
