Sonic R. System

You traded heavy and added a lot of positions on a losing trade, learn from that.
Your fear is getting involved now, I hope you are trading demo.

same here with the UC. Lets see, this is the the most crucial level, if breaks, dont know how much will it fall...

But patience is key to success so will not close the trade.

Tah, can you please share your UC trades to get some confidence if we are on the same boat

I opened classic long GBP/CAD

Agree with long building, bottom is not so far...

I closed long classic with tiny profit+68 pips

I opened long scout EUR/AUD

AUDUSD short build. Adding first scout.
H4 nice mushroom


M5 - Price above hole number with nice volume, flat.

USDCAD:

CAD high impact releases next Monday and Thursday, and a bank holiday on Tuesday. It could be the week for the moves we have been long expecting.

-tah

GBPJPY short re-entry.

GBPUSD start build short.

EURUSD Short Trade Closed:

Closed for gain of 35 pips average, 701 pips total. I added a second Scout after the MMs ran the price up yesterday.

GBPJPY Long Trade Closed:

Closed for gain of 9 pips average, 543 pips total.

koko,

Please read Post #1 and revise your post to correct your chart which is in violation of our posting etiquette. FF gives you 24 hours to edit a chart, but I suggest you do so right away to be sure you do not lose your posting privileges here.

-tah

The Week of UCad Wacking

Look at this M1 chart. Again in after hours the MMs are whacking the price to do higher trading activity at the lows they attain. Earlier today I posted that next week, due to CAD releases and CAD bank holiday, might be the week that this reverses, but we just cannot know how the MMs will move the price. From the Week chart, we can see the due to the TL drawn that the MMs might be targeting RWL to conclude "The Week of UCad Wacking".

No doubt, these past weeks of price whacking are all out of whack with reality. I would lay odds that practically everybody sees this PA as a glaring example of how the MMs totally control prices in the market (except when central banks intervene) and in this case they are going to extremes to clean our weak hand longs and build up their own long positions.

Market moves are all about the Robber Bank MMs making profit and about their price manipulations in order to create the liquidity they want in order to build the positions they want, ahead of a future move that they want and will execute when they feel the time is right to do so. USDCAD is one they currently have their focus on (and maybe NZDUSD too). It is all about liquidity. One way the Robber Bank MMs can get the liquidity they need by first moving price in the right direction to get others to put their money into the market, then back in the other direction to stop out the right side traders and trigger wrong side pending orders, which gives them their liquidity. Sometimes they can relentlessly move price in the wrong direction for an extended period of time to truly clean out as many right side positions of others as possible - clean out "weak hands" - which is what is going on with USDCAD.

From the Month chart we see a "standard" move by bulls. They move price up to previous resistance (called a "test of resistance") which is to see if there are a lot of sellers there that might hinder a bull move up thru the area. If there are a lot of sellers, then it gives the sellers the opportunity to sell. That way the MMs sort of clear the way for a future move up thru the area. Then the MMs move price lower, and as more sellers come in the MMs add longs, and they might continue to move price lower relentlessly to stop out the longs of others. You can see that as more longs of others get stopped out and as more shorts come in the MMs benefit by getting a lot of liquidity for their own long building. Eventually, the bull MMs will mount a move to drive the price back up and thru that resistance area. This looks like what is happening here with UCad. The Robber Bank MMs have tested resistance, are pulling the price back, and eventually - fully loaded up with longs - will ram the price back up and thru that resistance area.

-tah

USDCAD

Big reversal is on the way.
Watch it like a hawk.




If you don't understand what I'm drawing or leading to,
Please read my Mentor's (Gupito) work here.

-AdrianC.

Lately I have no time for trading, because I am studying for my finals, but I look closely at the market and follow what's going on here. If I may point out a similarity I found. I am supportive of your USD CAD bull analysis, but I haven't taken any trades lately(and I feel glad, because I see in what situation some of you are ). I hope that I catch this thing, because it might be huge.

4 days later,, told cha..


nice scalp

feinan

GPBJPY:

Look at H4. This is a H&S within a H&S. Drawing the larger, outside H&S, we get a target near the 171.25 level. The neckline is sloped down, so the longer before price crosses it, the lower the target. Anyway, from the current price area the target is at least 175+ pips lower, a nice short trade.

Currently in after hours, the MMs are manipulating the price higher. We cannot know how price will move next, but if the MMs get the price back above the quarter level, it might make for a good Scout short entry opportunity. I say this because today provided PVSRA clues the MMs are indeed bears. They pumped the price above the whole number. This was followed by a Whip n' Whack to create liquidity. The purpose of first moving the price up was in part to make the mid-point of the Whip n' Whack above the whole number. In other words, the average price of all the orders the Robber Bank MMs collected is higher due to them first moving the price above the whole number. before beginning the Whip n' Whack move. This is a strong indication they are bears that are accumulating shorts.

-tah