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Sonic R. System

  • #74,641
  • Jul 29, 2014 5:38am Jul 29, 2014 5:38am
UJ, quick scalp +4.3 to DR2 and round number area

Cigarguy
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Keep It Simple
  • #74,642
  • Jul 29, 2014 6:06am Jul 29, 2014 6:06am
Hi Sonicers,

First of all, thank you to Prof TAH, Sonic and other contributors to this fine thread.

Here's my first post. Feedback would be appreciated.

EURJPY - Long

I should've posted my charts earlier but couldn't find the time due to work commitments. Anyhow, here's the background...

DAILY - Increasing volume. Price ranging. (see green trendline on chart in volume pane) - potential hot spot for reversal.
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4H - Previous surge up bar on decent volume (green candle) followed by a Hammer Candle on notable volume spike (circled in orange).
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15m - Notable volume increasing below the quarter number. I entered a scout trade based on the increased volume at the lows over a number of bars within a period of time.
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TP - Unset - watching the market for signs. Any advice as to where I should take profit???

Is there anything I've missed or should've included in my analysis?

Thanks,

Trader555
  • #74,643
  • Jul 29, 2014 7:42am Jul 29, 2014 7:42am
i have some thoughts ,but i do not konw whether it is right. rencently ,usd appreciates quickly .especially today, but there was not many big release today ,so
i guess that mms are driving price higher to build short in usd. maybe some big release in later days this week will have a negative effect in usd. only some thoughts
  • #74,644
  • Jul 29, 2014 8:43am Jul 29, 2014 8:43am
EUR/USD

Actual Selling, or stop hunt before series of big news tomorrow? My guess is MM driving price down possibly to RDL to activate shorts while they are building longs. Both H4 and day chart show decrease in Bear volume. Again, this is my guess with USD employment and interest rate tomorrow the world is MM's oyster.

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  • #74,645
  • Edited 12:08pm Jul 29, 2014 11:36am | Edited 12:08pm
Quoting slimypips
EUR/USD Actual Selling, or stop hunt before series of big news tomorrow? My guess is MM driving price down possibly to RDL to activate shorts while they are building longs. Both H4 and day chart show decrease in Bear volume. Again, this is my guess with USD employment and interest rate tomorrow the world is MM's oyster. {image} {image}
EUR/USD Actual Selling, or Stop Hunting?

I have been thinking the same way as you. It is now after the close of the London session, and the MMs are still keeping downwards pressure on the price. So it still might make it to the RDL/whole number area. There are hours left to go in the day, and whatever liquidity for longing the MMs find down there belongs mostly to them since few traders remain active now to compete with them for that liquidity.

Yes, the world is the MM's oyster. Let's face it, whether real money or just unlimited margin, the MMs have what it takes to completely control the price (except when a central bank intervenes). When everyone thinks the price is going up, or should be going up, the Robber Bank MMs can make it go down. When everyone thinks the price is going to make a breakout, or should make a breakout, the Robber Bank MMs can keep the price from going anywhere. The market is definitely not a model of a "free market" based on supply and demand. It is a price manipulated enterprise run by the Robber Bank MMs for their own profit, where price is based on the sole demands of the Robber Bank MMs.

This is why picking highs or lows can be fatal. This is why intensive reliance on indicators can be fatal. When your high/low decision is made and needs to be right, it can be very, very wrong. When you enter a trade based on the thousand indicators on your chart - all confirming you made the right entry - you can end up being very, very disappointed.

-tah
  • #74,646
  • Jul 29, 2014 8:32pm Jul 29, 2014 8:32pm
We can assume that eurusd is going up right ? Since the decrease in price with high volume is most probably due to mm . So most likely the price of eurusd is bullish yeah ?
  • #74,647
  • Jul 29, 2014 8:49pm Jul 29, 2014 8:49pm
Quoting jasonhaw
We can assume that eurusd is going up right ? Since the decrease in price with high volume is most probably due to mm . So most likely the price of eurusd is bullish yeah ?
Sorry, but you sound like you have hardly read anything here. Assume? Things are not so simple. If you choose not to do your homework, suffer. Just don't ask stupid questions like that in public. Such a question has been answered many times over on this thread. Read or bleed.

-tah
  • #74,648
  • Jul 29, 2014 10:02pm Jul 29, 2014 10:02pm
Quoting traderathome
GBPAUD Long Trade Opened: Two Scout entries long. No TP is set at this time. This is a trade based on pure analysis of PA, volume and S&R. The Dragon is not used, nor the Trend. What matters here is how PA behaves in and around key S&R, which is the half number in this case, although the core SR area is a bit below that. I have annotated the chart to explain that I see this as simple as price moving up to R, finally breaking up thru R, coming back to R, and again ranging (more position building by MMs) ahead of an anticipated PA bounce. I used HA...
GBPAUD Long Trade Closed:

Closed for gain of 20 pips average, 40 pips total. Very choppy PA, going nowhere so far.
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  • #74,649
  • Jul 29, 2014 10:14pm Jul 29, 2014 10:14pm
Quoting jasonhaw
We can assume that eurusd is going up right ? Since the decrease in price with high volume is most probably due to mm . So most likely the price of eurusd is bullish yeah ?
No offense man, but everything has been provided to you from post 1 to make your own observations and ask educated questions. The response from tah was well deserved.

As I am still learning, I compare my trade observations with those posted here - and I refrain from posting unless I have something of value to say. I highly suggest in the future, you do the same.
  • #74,650
  • Edited 4:02am Jul 30, 2014 2:43am | Edited 4:02am
EURJPY - closed early for 128 (or 12.8?) pips gain based on sluggish upward movement and whipsaw. Will reassess later.

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  • #74,651
  • Jul 30, 2014 6:57am Jul 30, 2014 6:57am
[quote=slimypips;7637589]EUR/USD Actual Selling, or stop hunt before series of big news tomorrow? My guess is MM driving price down possibly to RDL to activate shorts while they are building longs. Both H4 and day chart show decrease in Bear volume. Again, this is my guess with USD employment and interest rate tomorrow the world is MM's oyster.

Since posting yesterday, MM's have brought PA down and embraced a tight Bear Hug with the whole number just 30 mins before USD news.

M1 shows arguments can be made there is more volume at the lows, but M15 shows a nice looking Classic Short.
Conclusion: MM's are messing with my head!
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  • #74,652
  • Jul 30, 2014 7:45am Jul 30, 2014 7:45am
AU, quick scalp +4.7 (high risk news scalp. Don't try this at home )

Cigarguy
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Keep It Simple
  • #74,653
  • Jul 30, 2014 8:01am Jul 30, 2014 8:01am
GBPUSD Long Trade Opened:

Looks like the MM's are taking out those nasty stops whilst closing out their short positions collectively on large volume.

My best guess is price will now consolidate as MM's switch from bears to bulls.

Added Entry #1 as a scout near the whole number as what I see possibly as some support when viewed on the larger TFs.

Will continue to now watch for classic long set ups.

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  • #74,654
  • Jul 30, 2014 8:05am Jul 30, 2014 8:05am
GBPUSD

I closed a quick trade for 28 pips after the USD news.

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Price appeared to be stumbling in a wedge on the M1 chart so I closed with profit.

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  • #74,655
  • Jul 30, 2014 8:08am Jul 30, 2014 8:08am
EURUSD: Buy low..sell high.

I had been watching this to reach the 1.34 whole number.

After the latest whack down to 1.375 I see this as a nice place to open a long trade and look for a classic long set up.

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  • #74,656
  • Jul 30, 2014 8:45am Jul 30, 2014 8:45am
AU, another quick scalp +5.2

Cigarguy
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Keep It Simple
  • #74,657
  • Jul 30, 2014 9:13am Jul 30, 2014 9:13am
GBPJPY CLOSED.
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  • #74,658
  • Jul 30, 2014 9:59am Jul 30, 2014 9:59am
Quoting loeil
GJ - long. {image}
GJ - closed for 2314 pips gain

Closed maybe too early but my broker has max opened trades limit and I need free trades on the other pairs now.
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Whatever is obvious is obviously wrong!"
  • #74,659
  • Jul 30, 2014 11:08am Jul 30, 2014 11:08am
Quoting loeil
{quote} GJ - closed for 2314 pips gain Closed maybe too early but my broker has max opened trades limit and I need free trades on the other pairs now. {image}
Well done!
  • #74,660
  • Jul 30, 2014 11:46am Jul 30, 2014 11:46am
Quoting loeil
{quote} GJ - closed for 2314 pips gain Closed maybe too early but my broker has max opened trades limit and I need free trades on the other pairs now. {image}
Cheers small Master!!
Where do the Robber Bank MMs to placing their own bets on
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