EURUSD Short Trade Opened:
Classic entry, but on irregular wave.
Classic entry, but on irregular wave.
Attached Image (click to enlarge)
- #73,781
- Jun 27, 2014 3:13am Jun 27, 2014 3:13am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,782
- Jun 27, 2014 3:18am Jun 27, 2014 3:18am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDUSD: LS, Dragon is down, 15M price crossing trend line, Classic short forming. Correct me if I'm wrong. {image}
I closed my trade around there, thinking it would not go much lower and would retrace into the US session where a re-entry might be found. Well, we cannot know how price will move next. An entry opposite previous lows is fine. Much lower than that and I'd say it was a late entry and price might start a retrace instead of running further down.
- #73,785
- Jun 27, 2014 4:27am Jun 27, 2014 4:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,787
- Edited 10:07am Jun 27, 2014 6:56am | Edited 10:07am
- | Joined Apr 2014 | Status: Trader | 263 Posts
I've got another opinion for GBPJPY... for now, I'll wait until PA and PVSRA more clear and decide further action... MM maybe front running for NFP... Maybe... Until sign got clearer, I'll watch like a hawk and ready to enter when signal tell me to do so... -GP- {image}
1) fibs 50 level,
2) price action level on H4 chart,
3) upward trend line
they will need a large volume to break these support level, if not, retracement to upside is require to break these. For now, my opinion is bullish, the MMs might whack this lower, and it is last Friday of the months, not a good day to trade.. be safe.. Mm might whack this like usdcad..
- #73,788
- Jun 27, 2014 10:31am Jun 27, 2014 10:31am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,789
- Jun 27, 2014 10:34am Jun 27, 2014 10:34am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,790
- Edited 11:34am Jun 27, 2014 10:41am | Edited 11:34am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Hi Tah.. Sorry but..that doesnt look like a classic entry.
No? Go back and do your homework better.
Requirement & Recommendations:
1. London session - Yes.
2. PA wave (H-L-LH-LL) - Yes. Recommended that first leg of PA wave cross Dragon, which is not the case. But that is only a recomendation.
3. Dragon angled - Yes.
4. Entry on right side of Dragon - Yes.
5. Entry at least several pips beyond 1st candle on PA wave leg #3 exiting Dragon - That candle was broad swinging and ended about seven pips below the Dragon. I decided to wait for a possible retrace, which is certainly okay. It yielded a higher entry, closer to previous SR and still on the right side of the Dragon.
- #73,791
- Jun 27, 2014 2:28pm Jun 27, 2014 2:28pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
- #73,792
- Edited 6:51pm Jun 27, 2014 6:21pm | Edited 6:51pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
PVSRA: EU, Bull or Bear? Some more interesting pics., ahead of the multiple USD high impact releases coming tomorrow.....{image}{image}{image} And a related pic.........{image} BTW, a synonym for "retrace" is "....greedy MMs going back to grab more!"
Its a bear brother. You have to be blind not to see it. Goes down to 13750 and then re load for a long. {quote}
I don't understand why you guys pay negative carry shorting NZD? Go with the trend.. sell EUR NZD if you feel uneasy about going long NZD USD at these levels? I can't pay 250 bucks every night in interest ! {quote}
In the top referenced post on March 12, 2014 I was stating PVSRA indicated the MMs were bears. EU was at 1.3900. You proclaimed bulls, and without so much as any chart or analysis. Price went down to 1.3500. Now you are suggesting an unbelievable amount of $250 a day in swaps? The longer you are here - let me correct that - the longer time goes on that you drop in to dispense your wisdom, the less credibility you display.
And now you are also suggesting we trade the up trend on NZDUSD. Why? Because of swaps? Get real! Yes, this has been in an uptrend. And yes, the "talking heads" made the most of the time before this last NZD release proclaiming buy setups above 0.8860! Can you believe the audacity of these liars! What happened after the release? NOTHING BULLISH AT ALL! In fact, look at the M30 chart where we see the reaction was a sell-off - a couple of nice big red bear sell-off bars! And, as if to confirm, the Asian session MMs pushed the price back to previous highs so they could continue to close longs and open shorts. They and the LO MMs had a bigger sell-off a short while later. And what about the US MMs? They have concluded the week by hiking the price too - in after hours where there would be far less shorters to interfere with their upwards price manipulation! Now the price stands at the previous highs for the open next week, when all the MMs can try to support it while finishing closing longs and loading up on shorts.
Furthermore, you continue to be in violation of our posting rules by repeatedly posting your quips without so much as a pic. - only 5 pics out of 33 posts this year. And your last post was over 3 months ago. You are not exactly a co-operating and contributing Sonicer, now are you? And, you obviously do not intend to be.
Goodbye.
-tah
- #73,795
- Jun 28, 2014 6:28am Jun 28, 2014 6:28am
- | Commercial User | Joined Mar 2008 | 9,071 Posts | Online Now
- #73,798
- Edited 11:42pm Jun 28, 2014 10:30am | Edited 11:42pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} I'm with you and start sell already {image}
koko, you do not need the extra "Candle Time" indicator on your chart. This feature is included in the Access Panel. All you have to do is a proper job of your Post #1 homework regarding the provided indicators, and you would know this! The more indicators you have running, the slower you run and less you focus!
Also, I love all those dots on your chart, but could you color them in reds, greens, blues and yellows - sort of like Christmas tree ornaments - because that is all they are good for. Oh, don't take my comments too hard. Everyone comes to this thread with their own bag of garbage. It takes time for them to see it that way.
I agree that the Friday after hours rush to put price back at highs, especially after all the friggin' shorting the MMs have been doing, does make the move suspicious. Is more shorting to come? The thing is, this is picking tops. How do we know for sure that the new week won't see the price run further on up by the bears, for more shorting at even higher prices? The MMs could pump the price up 50 or 150 pips more! The fact is always that we cannot know how price will move next. Picking tops like you have done, just because there is notable activity repeated each time the price returns to the same price area, does not guarantee the price will reverse there! Let me drive home this critical truth by showing you the Day chart for USDCAD below. What if Sonicers thought that the third time price came to those daily lows, it was sure to reverse? Do You get the point now? As Sonic says, "Let the Dragon and PA show the way."
You are not trading in accord with the Sonic R. System. You are not waiting for a short Classic setup that could then derive its validity from this repeated activity in the same highs area. leentjai did not open a short trade, only showed the repeated notable activity at these highs and surmised the possibility price might come back down from there. Had he jumped in like you did, this would apply to both of you. Again, "Let the Dragon and PA show the way."
Having made a trade, when you post it, please be sure the PL label shows. I think it is behind your Access Panel. It can be made to show simply by squishing the chart to bring the label down. leentjai, you need to do this also. Thank you both.
-tah
- #73,799
- Edited 3:51am Jun 29, 2014 1:40am | Edited 3:51am
- | Commercial User | Joined Mar 2008 | 9,071 Posts | Online Now
SLV W1 chart is like Dow Jones chart 2009-2010 area... You know that happened..to dow jones index from 2010 to 2014..
Mark My Words...
Sonic
Mark My Words...
Sonic
- #73,800
- Jun 29, 2014 2:09am Jun 29, 2014 2:09am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts