Sonic R. System

EURUSD - I thought it looked long also, maybe a tad early but...

On the H1 it reached support and looked like it was slowing and on the M5 there seemed to be some bearish activity that does not register yet on the M15.

what could be the confirmation we expecting? spike downward and get rejected?

Shorting Cable for few Pips
...Rien ne va plus

Errrr, rather difficult to explain by words but chart below will explain better. Hope it's help.
Regards,
Gupito Poernawan

thank you master Gupito, i hope i able to visit you in Indonesia one day

EURUSD Cumulative Trading Closed:

Since early this year I was accumulating shorts. I got trapped and closed for loss. Since then I have been more adept trading and have now closed out all EU trades for a net loss of 78.6 pips. Whew! Starting fresh now, and with greater care when building.

GBYJPY Cumulative Trading Closed:

As with EU (above) I have been building on this one and closed remaining trades for a gain of 5,217 pips. Trades like EU (above) and this one point out the danger of not trading the Classic way and not using good money management rules. This was eventually profitable, but for far too much time some of the trade was on the books.

Edit: I delayed close a bit of time to see what price would do. Not much, but it did add some to the pips gain.

G/U closed ,but i m not satisfied with the entry point . for uk has two coming relase ,if G/U trace back to key S&R,i will reopen short position.
A/U short opened but only0.1lot

Let it be a good example for all of us. That classic is more safe than any other entry. Some how, price action tempted us to jump into the pool instantly. Well, let's start the new chapter together. Attention for a newcomers, TAH already shows us the risk when jumped into the market without classic. Don't try this if all of you doesn't wants your equity suffered. Trade safe, helmets on. God bless...
Regards,
Gupito Poernawan

USDCAD Comment:

Sonicers,

The H1 chart could go bullish from where it is. We still have the better part of two days before a series of high impact USD releases and a CAD release. In the interim, the MMs might work price up and back down - a possible second strike below the lower whole number. Some of us entered a long trade with a Scout on the last strong move down. There could come again an equally good, or possibly better long Scout opportunity if the MMs do substantially whack the price again before or in conjunction with these releases. A more conservative approach would be to keep watch for a proper Classic long setup, and if it happens before the releases and you enter it, be prepared if the MMs do whack the price afterwards to hold, fold or add, depending on how things look.

Note: There is a Classic long setup on M15 currently, but the LS is now closed. With the odds for price to be whacked again sometime between now and the releases, there could be another Classic long setup coming.

i have suffered from this ,i also made the mistake that adding the position in red .do not do that

I find it easy to add to positions that are in the RED but very difficult to add to positions in the GREEN. Maybe someday I will figure this out.

i try to add position when pa clear r&s area, i always did it .but when colored bar appears continously ,i will watch.

EURJPY

I've been looking at this pair since yesterday when I thought I saw a classic long, and at least in the short term I was wrong. I see D1/H4/H1 the Dragon is down in all, but when I zoom to M15 I seem support at the 1/2 number and notable buying volume.
I am having a hard time deciding if MM is still Bear and just accumulating more shorts above 1/2 number or if the Bull swing that was present until yesterday is still running. My thought is this could be a Scout entry? Realizing there is no more impact news until Thursday.
Still a baby learning to crawl and wanted to ask for any advice.

EUR/USD sit on 23.6% fibs.. would love to see 1.3600 again at 61.8% fibs.. tomorrow will be interesting..

USDCAD Closed.

AUDUSD:

We have another AUD high impact release in about 30 minutes. This is part of a series of such releases this week. So far, it looks like the MMs are supporting the price to coax longs in ahead of the USD high impacts later. This is speculative, but occasionally the MMs do whip the price up, showing high activity at the highs, or coming down off the highs, which indicates the MMs are bears accumulating short orders. If this is correct, then the key question is just how high the MMs might whip the price, and in conjunction with which release. Time will tell.

Liquidity Providing "Robber Bank" Market Making ECNs,...."It's all about liquidity"

Sonicers,

For a legitimate trade, there has to be both a buyer and a seller at the same price.

If the MMs want shorts at higher prices, they have to deceive longs into the market so they can take the short side of their trades, or they have to intentionally move price lower to get more shorts into the market with the plan to whip the price higher later to stop them out. If they don't mind accumulating some shorts at slightly lower prices, they can control the price while pending long orders accumulate below. When sufficient, the MMs whack the price down the queue, triggering those pending longs by taking the other side of them.

If the MMs want longs at lower prices, they have to deceive shorts into the market so they can take the long side of their trades, or they have to intentionally move price higher to get more longs into the market with the plan to whack the price lower later to stop them out. If they don't mind accumulating some longs at slightly higher prices, they can control the price while pending short orders accumulate above. When sufficient, the MMs whip the price up the queue, triggering those pending shorts by taking the other side of them.

The liquidity providing Robber Bank MMs control prices. They move the prices to advantage themselves. Sure, they move prices to be able to fill the orders of others, but knowing where are the best orders to fill simply encourages the MMs to build a position ahead of the move they will put on to take the price to where those orders are - a move that will result in their position becoming profitable. And while the MMs build a position ahead of such a move, they control prices to advantage their position building. They need liquidity of the opposite side to the position they are trying to build. Keep in mind the two ways they have to get that liquidity: 1) suck in "wrong side" traders, and 2) suck in "right side" traders and later stop them out.

This is the reason we sometimes have a proper Classic setup that is for the right direction trade, but that later experiences a strong move against that trade direction - suck in "right side" traders and later stop them out. It is imperative to learn just how corrupt the market is and how these electronically connected networks of Robber Bank MMs work. It is imperative because you need to know better, when the time comes, if to hold, fold or add to your Classic trade. Classics do not always just take off and run green, allowing you to add in the green and make better profits, now do they? This is not a recommendation to unthinkingly add to a trade in the red just because there just was a sudden spike taking the price to a nice level. No! We cannot know how the price will move next! There could be another such spike, and another, and another! Once such a spike occurs, it become imperative to reassess the question, "Hold, fold, or add?" And adding should not be an automatic reaction to such an event! One should reassess if to even hold, or to fold. But, there will be some good times to add when a trade is in the red.

-tah

USDCAD Long Trade Update:

Added a second long Scout.

We still have another 1.5 days approximately before the next splash of releases, but right now the MMs have taken the price below the whole number. It could go lower later, but this seems a decent opportunity to add to the long trade. Obviously others are partaking of these lowered prices; you can see how the activity increased as the price dropped. Also, you can see on the H1 chart that adding here is not an unreasonable thing to do because this is a significant SR area.

got it, thanks tah