DislikedSLV W1 chart is like Dow Jones chart 2009-2010 area... You know that happened... 2010 to 2014.. {image} Mark My Words... SonicIgnored
Trading for a living? No problem.
- #73,803
- Edited 8:22pm Jun 29, 2014 10:08am | Edited 8:22pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
SLV W1 chart is like Dow Jones chart 2009-2010 area... You know that happened..to dow jones index from 2010 to 2014.. {image} Mark My Words... Sonic
{quote} Silver spiked up 2010, been falling since. So, what is your point?
{quote} Going to go up with higher high and higher low.. Sonic
The 21.00 area is significant as SR. And the most recent PA looks a lot like a bear channel - bears pushing up price to coax in longs so the bears can have liquidity for building shorts. Anyway, we cannot know how price will move next. Such a push could continue for awhile, or maybe not. And at any time the MMs could suddenly reverse PA with a whopping whack job.
As you can see from the Dragon and PA, this sort of push up has happened before, with the price eventually capitulating and falling back down. And this time the Dragon is lower and the angle up is less. And the last blue bar shows there was more volume after the push than for the push, which is bearish. These are reasons to be patient and await proper Classic setups. The 18.75 area is also key, being the area price has launched upwards from several times. Silver is still in a down trend overall, and price could revisit the 18.75 area again, and possibly break down thru it.
I present this counter viewpoint for this reason; simply put, we never can know how price will move next, and we should not presume to think that we do know how price will move next! Silver prices, as with gold prices, are highly manipulated. And we already know very well how devious and deceiving are the Robber Bank MMs - how they manipulate prices to get the liquidity they want! The best we can do is to await proper Sonic R. System Classic setups, proper in that they are qualified via overall PA and volumes at key S&R (PVSRA).
-tah
- #73,804
- Edited 8:56pm Jun 29, 2014 8:45pm | Edited 8:56pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDUSD, Classic Short Candidate
Sonicers,
On the heels of the high impact release price is dropping, below drawn TL but if the FO/LO and even US MMs have a mind to they will hike the price for more shorting too. I say shorting because price is at all-time highs and there is a lot of activity up there. Most of the activity as at the higher highs, not the lower highs.
You can see on this M30 chart that there is also the potential for a H&S that could virtually assure price goes down nicely to RDL, though my bet is that it won't happen until all the MMs have had another crack at shorting it. If the MMs prolong their shorting activity - many more ups & downs - this will turn out to be ranging and not a H&S.
The LS could be decisive - if we get a Classic short setup or not. Meanwhile, if the Asian session MMs now start with increasing activity at the lows they just shorted the price down to, then it could mean they are loading up with longs because they know the price will be whipped up again for the other MMs to do more shorting back up at the higher highs, in which case we might even see a preceding Classic long setup. If this happens, then a Classic short setup might be postponed until Tuesday.
We cannot know how price will move next, but the activity on this pair suggests opportunity is coming.
-tah
Sonicers,
On the heels of the high impact release price is dropping, below drawn TL but if the FO/LO and even US MMs have a mind to they will hike the price for more shorting too. I say shorting because price is at all-time highs and there is a lot of activity up there. Most of the activity as at the higher highs, not the lower highs.
You can see on this M30 chart that there is also the potential for a H&S that could virtually assure price goes down nicely to RDL, though my bet is that it won't happen until all the MMs have had another crack at shorting it. If the MMs prolong their shorting activity - many more ups & downs - this will turn out to be ranging and not a H&S.
The LS could be decisive - if we get a Classic short setup or not. Meanwhile, if the Asian session MMs now start with increasing activity at the lows they just shorted the price down to, then it could mean they are loading up with longs because they know the price will be whipped up again for the other MMs to do more shorting back up at the higher highs, in which case we might even see a preceding Classic long setup. If this happens, then a Classic short setup might be postponed until Tuesday.
We cannot know how price will move next, but the activity on this pair suggests opportunity is coming.
-tah
- #73,806
- Jun 29, 2014 10:41pm Jun 29, 2014 10:41pm
NZDUSD, Classic Short Candidate Sonicers, On the heels of the high impact release price is dropping, below drawn TL but if the FO/LO and even US MMs have a mind to they will hike the price for more shorting too. I say shorting because price is at all-time highs and there is a lot of activity up there. Most of the activity as at the higher highs, not the lower highs. You can see on this M30 chart that there is also the potential for a H&S that could virtually assure price goes down nicely to RDL, though my bet is that it won't happen until all the...
waiting LO..feinan
t.me/LWBRfx Discord.io/LWBR
- #73,807
- Edited 11:44pm Jun 29, 2014 11:19pm | Edited 11:44pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NZDUSD, Classic Short Candidate Sonicers, On the heels of the high impact release price is dropping, below drawn TL but if the FO/LO and even US MMs have a mind to they will hike the price for more shorting too. I say shorting because price is at all-time highs and there is a lot of activity up there. Most of the activity as at the higher highs, not the lower highs. You can see on this M30 chart that there is also the potential for a H&S that could virtually assure price goes down nicely to RDL, though my bet is that it won't happen until all the...
Sonicers,
The Asian session MMs shorted this down to support. The thing is, this was done with increasing volume. So, it opens the door wider for the first Classic setup to be for a long trade. There is logic in this. A move back up by the MMs enables them to suck in longs to get new liquidity for building shorts, and it extends the time up here in this area of historic highs, ranging the price so the Robber Bank MMs can build their shorts.
Feinan pointed to the area just below the drawn blue support line as an area to watch. Maybe so. But if this is to be a proper setup for a Classic long trade then the price really should not drop below this drawn blue support line.
On the other hand, on M15 the Dragon is now below the trend and both are angled down. This is still bearish and means odds still favor a short. This move up might just be a retrace to reload shorts in one of the few times good Asian session Classic setups, one that is now already running. We need to wait for the FO/LO, etc., to see what follows.
-tah
- #73,808
- Edited 3:30am Jun 30, 2014 12:06am | Edited 3:30am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
- #73,810
- Jun 30, 2014 1:48am Jun 30, 2014 1:48am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,811
- Edited 2:27am Jun 30, 2014 2:02am | Edited 2:27am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #73,812
- Edited 3:34am Jun 30, 2014 2:07am | Edited 3:34am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
- #73,814
- Jun 30, 2014 2:37am Jun 30, 2014 2:37am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
USDCHF - short. No bigger building this time, taking only few. I have multiple pairs already opened. {image}
Whatever is obvious is obviously wrong!"
- #73,817
- Jun 30, 2014 2:55am Jun 30, 2014 2:55am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} USDCHF - closed for 3026 pips gain
- #73,818
- Edited 3:27am Jun 30, 2014 3:00am | Edited 3:27am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
- #73,819
- Jun 30, 2014 3:04am Jun 30, 2014 3:04am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
