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Sonic R. System

  • #72,701
  • Jun 3, 2014 1:13am Jun 3, 2014 1:13am
Quoting denmas
{image}{image}
Can I say GU is bullish?
  • #72,702
  • Edited 1:39am Jun 3, 2014 1:18am | Edited 1:39am
Quoting denmas
{quote} Can I say GU is bullish?
Quoting denmas
{image}{image}
GBPUSD:

What you are calling "strong support" might only be due to the MMs supporting the price while building their short positions. Note that they have kept the price mostly above the lower whole number (PVSRA) and that they made a number of high volume pushes up thru the upper half number (PVSRA). These are bearish indications, not bullish ones, and it fits within the context of the larger TFs PA. While price remains manipulated within it's current range, the volume for all notable bull and bear bars can be interpreted bearish, a sign that the MMs are accumulating short positions as they move the price both up and down, which is the way they do it!

I think you are trying to be too "literal" regarding whether volume on bull or bear bars is decreasing. There are times when decreasing volume on bull bars can be taken as a sign of weakening price. There are times when decreasing volume on bear bars can be taken as a sign of strengthening price. But this is just one aspect of PVSRA. Do not hang your hat on it alone! All of the clues must fit the bigger picture. If they don't, or if you are undecided, wait.
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  • #72,703
  • Jun 3, 2014 1:25am Jun 3, 2014 1:25am
Quoting denmas
{quote} Can I say GU is bullish?
please read:
1) http://www.forexfactory.com/showthre...94#post7506194
2) http://www.forexfactory.com/showthre...46#post7506246
  • #72,704
  • Jun 3, 2014 1:27am Jun 3, 2014 1:27am
Quoting denmas
{quote} Can I say GU is bullish?
Maybe you can. But maybe MM can have a position contrary with your thought. Or maybe MM have inline with yours. Time will tell. Each price action and volume change is unique. By experience we get better time to time.
Regards,
Gupito Poernawan
ps: I still with team bear and hold short already like I post before.
It's all started from page one
  • #72,705
  • Jun 3, 2014 1:48am Jun 3, 2014 1:48am
Quoting leentjai
I opened Classic AU/USD
Sorry ,I forgot to put chart.Thank you TAH.
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  • #72,706
  • Jun 3, 2014 1:49am Jun 3, 2014 1:49am
HI SONICERS. UJ building short
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  • #72,707
  • Edited 2:23am Jun 3, 2014 2:03am | Edited 2:23am
EURUSD Comment:

Sonicers,

Do you realize this has been kept in a range of only about 16 pips today? That is probably only half the range of anything else! This is very tightly "wound up", and with both EUR and USD high impact releases coming today. I'd be disappointed if the MMs don't pull off some of their famous "Whip n' Wack" today.

After seeing price crawling along for hours, such a show should be a real eye opener! Just imagine, after hours upon hours of traders taking their positions within this 16 pips range and feeling safe to have also tight SLs, the MMs end up putting on their "whip n' whack" show, and take over all the "right side" positions before getting on with the real move!

My guess (and that's all it is) is that the US MMs will have the last word. Until they are done manipulating the price, it ain't gettin' out of the barn yard for it's road trip.

Well, time will tell,
-tah
  • #72,708
  • Jun 3, 2014 2:27am Jun 3, 2014 2:27am
Quoting traderathome
{quote} EURNZD Short Trade Opened: 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.{image} Edit: Closed trade for 274 pips gain. Will wait to see if LS involves a bull retrace and presents a new short entry.{image}
EURNZD Short Trade Re-opened:

Re-entered this pre-LS Classic setup with a short Scout on the bull retrace to the 3/4 Level. It might go higher. If it does sufficiently, then I might add to this short trade.
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  • #72,709
  • Jun 3, 2014 2:49am Jun 3, 2014 2:49am
Will it start running into low? Or higher to suck more long? Time will tell, but I'm with team bear right now. LS will be interesting to watch.
Regards,
Gupito Poernawan
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It's all started from page one
  • #72,710
  • Jun 3, 2014 2:52am Jun 3, 2014 2:52am
Classic forming - although not below Trend and Dragon on M15 the first leg is crossing trough dragon
H1 we see decreasing buying volume in an uptrend
H4 we see rejection from double top and trend - all of this above whole number
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  • #72,711
  • Jun 3, 2014 3:09am Jun 3, 2014 3:09am
I'm waiting USD/JPY for short
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  • #72,712
  • Jun 3, 2014 3:13am Jun 3, 2014 3:13am
GJ - closed.

Decided to close this time, I have lot of other trades opened at the moment.
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Whatever is obvious is obviously wrong!"
  • #72,713
  • Jun 3, 2014 3:16am Jun 3, 2014 3:16am
Quoting leentjai
I'm waiting USD/JPY for short {image}
Sorry,on the Volumes I mean MMs close Long positions
  • #72,714
  • Jun 3, 2014 3:19am Jun 3, 2014 3:19am
Just realized my post didnt execute when i tried to post this...
well still long on GU.. indication at picture..
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t.me/LWBRfx Discord.io/LWBR
  • #72,715
  • Edited 3:35am Jun 3, 2014 3:19am | Edited 3:35am
Quoting leentjai
I'm waiting USD/JPY for short {image}
leentjai;

Please pardon me for speaking out on this, but I think your chart shows that you are making totally inappropriate assumptions regarding volume. You trade the way you want to, but there is absolutely no support for your assumptions regarding volume. For instance, the tall red bar that you mark as the opening of short positions could just as easily be the MMs running down the queue of pending orders to trigger pending short orders so they could take the long side!

That would make them bulls, not bears!

It is very important for a trader to not form a strong bias which then causes them to interpret what they see according to that bias.

-tah
  • #72,716
  • Jun 3, 2014 3:27am Jun 3, 2014 3:27am
Quoting traderathome
{quote} EURNZD Short Trade Re-opened: Re-entered this pre-LS Classic setup with a short Scout on the bull retrace to the 3/4 Level. It might go higher. If it does sufficiently, then I might add to this short trade. {image}
Gave the Short direction a go too.
Still learning to read sonic right

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  • #72,717
  • Jun 3, 2014 3:32am Jun 3, 2014 3:32am
NZD/USD Classic long..
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t.me/LWBRfx Discord.io/LWBR
  • #72,718
  • Jun 3, 2014 3:36am Jun 3, 2014 3:36am
Caught 2 nice trades before LO open..
AUD-USD- 27.6+
NZD-USD- 36+
(63.6+)
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Creditors have better memories than debtors.
  • #72,719
  • Jun 3, 2014 3:45am Jun 3, 2014 3:45am
Quoting traderathome
{quote} leentjai; Please pardon me for speaking out on this, but I think your chart shows that you are making totally inappropriate assumptions regarding volume. You trade the way you want to, but there is absolutely no support for your assumptions regarding volume. For instance, the tall red bar that you mark as the opening of short positions could just as easily be the MMs running down the queue of pending orders to trigger pending short orders so they could take the long side! That would make them bulls, not bears! It is very important for a...
Thank you TAH !
  • #72,720
  • Jun 3, 2014 4:23am Jun 3, 2014 4:23am
Quoting traderathome
{quote} EURNZD Short Trade Re-opened: Re-entered this pre-LS Classic setup with a short Scout on the bull retrace to the 3/4 Level. It might go higher. If it does sufficiently, then I might add to this short trade. {image}
EURNZD Re-opened Short Trade Closed:

Closed trade for 136.5 pips gain. I added three more Scouts after the initial Scout. Market is choppy. Maybe nothing much happens until the USD releases.
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