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Sonic R. System

  • #74,121
  • Jul 8, 2014 9:01am Jul 8, 2014 9:01am
Quoting xiaotiao
Recently Prof Tah had given some comments on some pairs (XAGUSD,GBPUSD,NZDUSD & USDCAD).It is such a coincidence that I am currently holding trades on these 4 pairs. Some of it was started from Classic while some of them were Scouts. Like Gupito, I still hold GBPUSD short trades. Like Sailyfee, I still hold NZDUSD short trades. Quite agree with Gupito's words " Do not afraid to lose" I think before we earn profit, we must have the courage to endure with the temporary loss, Hopefully my patience will get repay eventually. {image} {image} {image}...
NZDUSD Closed, loss 1104.7 pips, although I still think it is bearish, however, the PA hit my SL which was set at 0.88000
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Trading is not easy
  • #74,122
  • Jul 8, 2014 9:39am Jul 8, 2014 9:39am
Quoting xiaotiao
{quote} NZDUSD Closed, loss 1104.7 pips, although I still think it is bearish, however, the PA hit my SL which was set at 0.88000 {image}
Thanks for sharing a losing trade.

Can u share with me why you will choose to enter short?

Cos it look like a classic long to me, sorry, new reader here.

Thanks.
  • #74,123
  • Jul 8, 2014 9:44am Jul 8, 2014 9:44am
Closed my long USD/JPY ..

Should have paid more attention to the absence of stopping volume before my trade. Seems there is volume coming in and longer lower wicks appearing. For the scouts lovers there maybe an opportunity to open a long position.

I will wait for an new classic wave formation before going long again.
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Don’t ever let someone tell you that you can’t do something.
  • #74,124
  • Jul 8, 2014 9:56am Jul 8, 2014 9:56am
Quoting xiaotiao
{quote} NZDUSD Closed, loss 1104.7 pips, although I still think it is bearish, however, the PA hit my SL which was set at 0.88000 {image}
hope your lot is small
  • #74,125
  • Jul 8, 2014 10:02am Jul 8, 2014 10:02am
Quoting joinforsonic
{quote} Thanks for sharing a losing trade. Can u share with me why you will choose to enter short? Cos it look like a classic long to me, sorry, new reader here. Thanks.
Hi, I started that trade as I saw bearish signal from the PVSRA, therefore I jumped in the scout trades.

Quoting bolehbah69
{quote} hope your lot is small
Well, quite small, only 0.01-0.03 per trade.
Trading is not easy
  • #74,126
  • Jul 8, 2014 10:49am Jul 8, 2014 10:49am
Quoting AdrianC
USDCAD Short trade opened. M15 Bearish PA(H, L, LH, LL), Dragon slightly turn down, PA below trend. Note, the Dragon is still above trend. Which means is not yet a proper classic. Targeting RDL @ 1.06502, which coincidentally in the half numbers area. {image} H1 reject from supply zone. {image} -AdrianC.
USDCAD trade update.

After 3hr trade stop-out at B/E.
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No greed is always green

-AdrianC.
  • #74,127
  • Jul 8, 2014 10:51am Jul 8, 2014 10:51am
[quote=bolehbah69;7589639]{quote} same view with you, reject on 61.8 on could drive us to more upward.

Just another opinion and or take on USD/CAD, I'm new though and probably have no idea what I'm talking about.

H1 still shows Dragon and TL pointing up with PA right there with it, MM's possible needed to pull price down to gain additional longs.
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Zooming in I see highest volume near lows or below 1/4 number. Again newbie here with untrained eyes just talking...

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  • #74,128
  • Edited 11:22am Jul 8, 2014 11:06am | Edited 11:22am
USDCAD:

Sonicers,

Not to rock any boats here, but please do keep an open mind and a healthy suspicion that the Robber Bank MMs might take this a good ways up........


.........after sucking in longs for future liquidity by first getting them in and later hitting them with a Stop Hunt!


Please be careful and cautious and keep an open mind, because there are multiple releases coming and the Robber Bank MMs can whip and whack to confuse while they build. And if they are attempting to get longs into the market, and if they later do execute a Stop Hunt of longs, they (particularly the US Robber Bank MMs) are more than capable to "Spring" the price below the lower whole number to RWL before starting any genuine upside trend.


WARNING: This is all very speculative, but with this pair and the way the Robber Bank MMs have manipulated prices for many weeks, speculating is an extra "tool" that might be worth it's weight in gold, especially if it causes us to err on the side of conservatism.

-tah
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  • #74,129
  • Edited 12:53pm Jul 8, 2014 12:08pm | Edited 12:53pm
EURUSD:

H1 shows a nice and bullish PA wave, with Dragon angled up, and with the highest activity yesterday and today being at the lows - very clearly being at the lows below the whole number (PVSRA = bulls, but just for now!)

Interesting is this, the upper half number area - specifically the area just above it that would be used for shorting by MMs that are bears - is now exactly a Day's range away. And it is no coincidence that multiple high impact releases are coming in just over one day! Things are shaping up for a move up to this area for the MMs to load up on shorts. Such a move would suck in longs, allowing the bear MMs to build short, and would Stop Hunt shorts providing more liquidity for the bear MMs to build short.

Therefore, my outlook on this pair is immediately bullish, but overall bearish. Yes, I anticipate a move higher due to the volume at recent lows, but a Stop Hunt move on shorts. If that happens, it is the signal to be stalking a Classic or Scout entry short trade, imho. BTW, if this comes to pass, the Stop Hunt could go to RWH instead of stopping at just the upper half number. And right now, in after hours, the MMs have been pulling the price back down a bit, to the EP zone of the LS Classic long setup. Classic up, then Classic down?

WARNING: Speculative, but based on a healthy appreciation of the fact that the MMs need to create liquidity to build positions which often means a move opposite (and they can add an extra whip n' whack that knocks your socks off) the ultimate move planned by the Robber Bank MMs. And both moves can sometimes be traded with Classic setups.

-tah
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  • #74,130
  • Jul 8, 2014 12:40pm Jul 8, 2014 12:40pm
Quoting gigicualex
Hello, Just took the below short classic setup on GBPUSD. Opinions are most welcome. {image}
What you drew there called more like re-entry. I see at least two proper classic short opportunities before your entry

Anyway, I'm on short side too and holding them.
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Whatever is obvious is obviously wrong!"
  • #74,131
  • Jul 8, 2014 1:13pm Jul 8, 2014 1:13pm
Quoting jojojo22
hmm watch the manipulation {image}
Thats not manipulation, at least not to me. Look at the background, what you see in there?

I see multiple sign of bulls, price holds support, dragon angled up, no sign of weakness.
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Whatever is obvious is obviously wrong!"
  • #74,132
  • Jul 8, 2014 1:15pm Jul 8, 2014 1:15pm
[quote=loeil;7590229]{quote} What you drew there called more like re-entry. I see at least two proper classic short opportunities before your entry Anyway, I'm on short side too and holding them.

Funny you post this now, as I was just about to post a question regarding this pair. I entered Classic short yesterday morning during LS, but today after NY opened I see a strong argument towards Classic Long. I looked at H1 and saw this area has been used as a spring board for the past week. I too am still holding short, and will continue to watch closely for more signs.

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  • #74,133
  • Jul 8, 2014 1:29pm Jul 8, 2014 1:29pm
Quoting slimypips
Quoting loeil
{quote} What you drew there called more like re-entry. I see at least two proper classic short opportunities before your entry Anyway, I'm on short side too and holding them. Funny you post this now, as I was just about to post a question regarding this pair. I entered Classic short yesterday morning during LS, but today after NY opened I see a strong argument towards Classic Long. I looked at H1 and saw this area has been used as a spring board for the past week. I too am still holding short, and will continue to watch closely
...
Yeah GU is interesting now and little bit misleading too.

But if I look H1 then I see that price falls, high volume comes in and price goes back up but no further progress. As soon as price touching resistance it gets rejected, and so multiple times. We see that price holds support two times but we don't have any higher low or higher high - why is that? If they are buying there then why the all highs are lower and all lows are lower?

You know, sometimes volume could be misleading too, specially at S&R areas. And if you are confused about volume then look at the price, what is in the background, what the candles tell, how is the dragon angled and so on.
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Whatever is obvious is obviously wrong!"
  • #74,134
  • Edited 2:44pm Jul 8, 2014 2:09pm | Edited 2:44pm
Quoting loeil
{quote} Thats not manipulation, at least not to me. Look at the background, what you see in there? I see multiple sign of bulls, price holds support, dragon angled up, no sign of weakness. {image} {image}
By manipulation, I believe what meaning was intended is as follows.

The Robber Bank MMs (who totally control forex prices aside from any central bank intervention) - who had been loading longs where you noted "strength" and were now sellers of longs looking for high prices to close the longs at - decided the "news" was the right opportunity to whip/manipulate the price higher in order to accomplish that goal. It is all about liquidity. With the "news" about improved rating (which they already knew was coming and is why they were loading up with longs at those lows you noted) and a helpful manipulated push up of the price by themselves, they now have better prospects for deceiving money into the market on the wrong side (bulls) which will enable them (the Robber Bank MMs) to close their longs profitably, and start building shorts at high prices.

It is all about liquidity for the Robber Bank MMs to open and close positions profitably, and the price manipulations by the Robber Bank MMs to do so. In a nutshell, this is their "Business Statement" and is the primary reason the forex market exists. No profit for the price manipulating Robber Bank MMs means no market. Period. The Robber Bank MMs do not await their profits on the buys and sells of other market players to cause price to move up or down the queue. No! The Robber Bank MMs force the price up or down the queue when they deem the time is right to do so in order to accomplish their objectives. When price arrives at any level where orders have collected for the closing or opening of positions, and where there is some liquidity to do so, whose orders do you think get executed first? No need to answer. It is a rhetorical question.

This is the intended meaning of manipulation.
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  • #74,135
  • Edited 3:02pm Jul 8, 2014 2:45pm | Edited 3:02pm
Quoting traderathome
USDCAD: Sonicers, Not to rock any boats here, but please do keep an open mind and a healthy suspicion that the Robber Bank MMs might take this a good ways up........ .........after sucking in longs for future liquidity by first getting them in and later hitting them with a Stop Hunt! Please be careful and cautious and keep an open mind, because there are multiple releases coming and the Robber Bank MMs can whip and whack to confuse while they build. And if they are attempting to get longs into the market, and if they later do execute a Stop Hunt...
I added 2 long positions today after I saw selling pressure into my marked area but that spring you mentioned is disturbing my serenity, now i'm thinking why not to take profit soon and reenter after spring?
FOMC at Wednesday, they will probably suck in longs tomorrow and do their "Spring" move.

Edit: tomorrow is Wednesday >.<
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  • #74,136
  • Jul 8, 2014 2:55pm Jul 8, 2014 2:55pm
Quoting slimypips
Quoting slimypips
{quote} I manually closed my AU long this morning before my cat nap. Price was near whole number (my target) and I closed manually because I couldn't predict how price would move next although I bias to a pending Bear move. Initial entry based on classic, and then added once after MM whacked price back below 3/4 number. Not a huge trade, but safe as I was trying to only trade what PSRVA told me. Much better end result than I have with my NU trade I added to while in negative. Note to self Do Not add to Trade running in Red!
...
Me too entered this trade and made a lot of pips after my initial post that I think that it is a bull move. I have left one EP to run the last mile with tight SL just in case
  • #74,137
  • Jul 8, 2014 3:18pm Jul 8, 2014 3:18pm
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GBPNZD: close 32 shorts near the daily support area, now, after the nice classic its time to build long scouts. TP at the daily resistance area of 1.96079
  • #74,138
  • Jul 8, 2014 5:35pm Jul 8, 2014 5:35pm
Quoting altamar
{image} GBPNZD: close 32 shorts near the daily support area, now, after the nice classic its time to build long scouts. TP at the daily resistance area of 1.96079
  • #74,139
  • Jul 8, 2014 5:55pm Jul 8, 2014 5:55pm
What kind of broker is this???
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  • #74,140
  • Jul 8, 2014 6:03pm Jul 8, 2014 6:03pm
fxpro?
the cautious seldom err....C
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