Attached Image (click to enlarge)
- #74,062
- Jul 7, 2014 4:27am Jul 7, 2014 4:27am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
I closed GBP/USD , tiny profit+331 Not good entries
Too early entry.....
Too early entry.....
- #74,064
- Jul 7, 2014 4:36am Jul 7, 2014 4:36am
[quote=wizz2014;7586422]{quote} I was looking at it too and I thought that it was showing bullish signs?
AU H4 I see .9350 as significant resistance area. I do agree with Feinan that once it does break through PA will dive more sharply. But, possible more short term M15 shows good signs for classic long..
Personally I'm trying to discipline myself from opening traded on Mondays especially when NY MM's had a long booze filled weekend... 
AU H4 I see .9350 as significant resistance area. I do agree with Feinan that once it does break through PA will dive more sharply. But, possible more short term M15 shows good signs for classic long..
Personally I'm trying to discipline myself from opening traded on Mondays especially when NY MM's had a long booze filled weekend...
- #74,065
- Jul 7, 2014 4:36am Jul 7, 2014 4:36am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
Hi Senior Sonicers, I am a sonic newbie and very happy to know this group of great traders. A very Big Thank You to Master Sonic, Dr. Tah & Company for setting up this fantastic group. After going thru almost 400 pages and still trying to absorb as much as possible, this is my first entry posting. I have entered a short XauUsd EP at 1319.43 earlier which was below the Dragon and Trend on M15 TF. Can this entry consider as a classic entry? At which price can I add in some more trades? Would appreciate if some kind-hearted senior sonicers care to...
without any further analysis, and just by watching your chart, i would think to close that classic good entry short...
but then i might be wrong...
If you don't know how to earn money, don't loose it.
- #74,074
- Jul 7, 2014 7:05am Jul 7, 2014 7:05am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
{quote} I was looking at it too and I thought that it was showing bullish signs? AU H4 I see .9350 as significant resistance area. I do agree with Feinan that once it does break through PA will dive more sharply. But, possible more short term M15 shows good signs for classic long.. Personally I'm trying to discipline myself from opening traded on Mondays especially when NY MM's had a long booze filled weekend...{image}{image}
LOL!
And that ain't the half of it! The US Robber Bank MMs, after a weekend of sending out the payola to their Republican congressperson henchmen for more "do nothing, allow nothing" obstructionism, they are extra greedy to set things up to steal more!
NZDUSD: NZD news tonight and there are so many shorters, Lets stop them out and get a high price to sell off.
0.884 is the high of all time at this pair, they might try to reach somewhere around there before they will go down
0.884 is the high of all time at this pair, they might try to reach somewhere around there before they will go down
UC: open and closed 2 entry totaling for 370pips
this pair maybe time to reverse, but not so sure, so we just wait and see for more evidence to appear.
my opinion, they still need more time to do the shaking job to shake the seller out..
this pair maybe time to reverse, but not so sure, so we just wait and see for more evidence to appear.
my opinion, they still need more time to do the shaking job to shake the seller out..
- #74,077
- Edited 8:46am Jul 7, 2014 8:23am | Edited 8:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
EURUSD:
To me, this is starting to look bullish. The Robber Bank MMs finished last week by putting the price below the whole number. And this first Asian session of the new week continued keeping the price low while trading. In two days we get a EUR release, time enough for the MMs to suck in some bulls for future liquidity by starting the price higher and then later whacking it back down for a double bottom in conjunction with the release,....and sending the price upwards when all is said and done.
Yes, this is speculative, but it stands to reason that if this is becoming bullish - if the MMs are going to send it higher again - then they need liquidity to build long. And for that, they either need to suck in longs and stop them out later, or they need to suck in shorts. They can do both - head fake it up to get longs in for future liquidity and shorts for immediate liquidity, and then beck down to stop out longs and to continue to suck in shorts - all before they do send it higher. And then when they do send it higher, all those capitulating shorts buying to close will send the price higher faster, making nice profits for the Robber Bank MMs.
Time will tell. Meanwhile, the MMs are holding the price below the whole number - making it look like a breakout upwards is coming (which it probably is, but a head fake one) - to get pending long orders to start coming in, and shorts too, so they can see how well their planned tactic might work.
So, if this is bullish, a double bottom would be nice confirmation. If this is bearish, a break down from that area would be nice confirmation. In any case, as the MMs play their games, we might see Classic setups either or both ways, for decent pips, just so long as we are cautious.
-tah
To me, this is starting to look bullish. The Robber Bank MMs finished last week by putting the price below the whole number. And this first Asian session of the new week continued keeping the price low while trading. In two days we get a EUR release, time enough for the MMs to suck in some bulls for future liquidity by starting the price higher and then later whacking it back down for a double bottom in conjunction with the release,....and sending the price upwards when all is said and done.
Yes, this is speculative, but it stands to reason that if this is becoming bullish - if the MMs are going to send it higher again - then they need liquidity to build long. And for that, they either need to suck in longs and stop them out later, or they need to suck in shorts. They can do both - head fake it up to get longs in for future liquidity and shorts for immediate liquidity, and then beck down to stop out longs and to continue to suck in shorts - all before they do send it higher. And then when they do send it higher, all those capitulating shorts buying to close will send the price higher faster, making nice profits for the Robber Bank MMs.
Time will tell. Meanwhile, the MMs are holding the price below the whole number - making it look like a breakout upwards is coming (which it probably is, but a head fake one) - to get pending long orders to start coming in, and shorts too, so they can see how well their planned tactic might work.
So, if this is bullish, a double bottom would be nice confirmation. If this is bearish, a break down from that area would be nice confirmation. In any case, as the MMs play their games, we might see Classic setups either or both ways, for decent pips, just so long as we are cautious.
-tah
- #74,079
- Jul 7, 2014 8:50am Jul 7, 2014 8:50am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #74,080
- Jul 7, 2014 9:05am Jul 7, 2014 9:05am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
NZDUSD: NZD news tonight and there are so many shorters, Lets stop them out and get a high price to sell off. 0.884 is the high of all time at this pair, they might try to reach somewhere around there before they will go down
I totally agree with you. And look how the Robber Bank MMs collected a good amount of short orders once price made it up to SR, taking the short side of all the encouraged longs coming into the market for the expected break upwards. The break came - manufactured of course by the Robber Bank MMs (give the suckers what they want to see) - to get more and more longs into the market to provide the MMs with the ongoing liquidity to short at higher and higher prices! What a deal!
It is easy to see in the steps up in price, the various times the Robber Bank MMs forced the price to go higher. There is no telling how high they will push this, but who cares? Now is just the time to wait for highs, then some downside, then a whip back to highs when the MMs Stop Hunt shorts. Then it becomes time to assess for a short setup, imho.
