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- #75,701
- Sep 3, 2014 8:57am Sep 3, 2014 8:57am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #75,704
- Sep 3, 2014 9:10am Sep 3, 2014 9:10am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
{quote} EURUSD: The pullback from the half number area...... {image}
Sonicers, now this is looking much better!
We have a good PA bull wave and it is followed by a retrace to the support of the top of the first leg of the PA wave. A good place to consider a long entry would be as price moves up thru the higher SR area marked green. This is nice too, because the entry is still below the half number, which is where the Robber Bank MMs also like to build long.
Tomorrow brings both EUR and USD high impact releases, and possible more whipping and whacking to Stop Hunt right side traders and trigger pending orders of wrong side traders, so the Robber Banks can have additional liquidity to add to the positions they've been building. By the looks of the high volume push up early in the LS today, they have been building long. And by the consistently high volume as the US MMs slowly dragged the price back down, we have another indication they are building long. If not, the MMs would have supported the price at the highs while continuing to trade short.
As always, make your own decisions.
- #75,705
- Sep 3, 2014 9:36am Sep 3, 2014 9:36am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #75,707
- Sep 3, 2014 10:07am Sep 3, 2014 10:07am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
AUDUSD:
Sonicers, this commentary is speculative.
I see this as bullish overall. The Week chart shows uplifting PA at the end of bullish PA waves.
On H1, following some AUD releases today, we can see how the MMs pushed up the price. Yes, this is bullish, but there are more AUD, and USD, releases coming, and the Robber Banks love to get right side traders to over-trade and then Stop Hunt them to either stop them out or to liquidate their over-traded accounts. It is possible that with the upcoming releases we will see these MMs whack the price before any serious further price rise. There is a lot of "room" now to drop the price, Stop Hunting longs and coaxing in shorts, both providing additional market liquidity for the MMs to build their positions.
So, in conclusion, I am stalking signs of the bear that is going after market liquidity to build long!
If I find him, I plan to short. This would be intended as a scalp only, to be concluded before the shit hits the fan tomorrow. If all this works out, there might be a 50% +/- bear retrace of this most recent bull move, which would be a decent short scalp.
Sonicers, this commentary is speculative.
I see this as bullish overall. The Week chart shows uplifting PA at the end of bullish PA waves.
On H1, following some AUD releases today, we can see how the MMs pushed up the price. Yes, this is bullish, but there are more AUD, and USD, releases coming, and the Robber Banks love to get right side traders to over-trade and then Stop Hunt them to either stop them out or to liquidate their over-traded accounts. It is possible that with the upcoming releases we will see these MMs whack the price before any serious further price rise. There is a lot of "room" now to drop the price, Stop Hunting longs and coaxing in shorts, both providing additional market liquidity for the MMs to build their positions.
So, in conclusion, I am stalking signs of the bear that is going after market liquidity to build long!
If I find him, I plan to short. This would be intended as a scalp only, to be concluded before the shit hits the fan tomorrow. If all this works out, there might be a 50% +/- bear retrace of this most recent bull move, which would be a decent short scalp.
- #75,710
- Edited 10:47am Sep 3, 2014 10:19am | Edited 10:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
Hi, I downloaded and started to use the Sonic R system but still not following it. In regards to the above EUR/USD and GBP/USD, you suggest buying at the green levels and hold through tomorrow? Thank you. Senan
Still not following it? That is normal. There is a lot to intake. Not only that, but your system will take even a lot more time to digest it. Read and reread Post #1 and the linked materials there. Follow along with current posts. Don't just read them. Think about them. Think about everything you see and read here. Let it sink in. This takes time. It is not an event. It is a process.
Traders here are traders that are like yourself - wanting to improve. We all make mistakes, which is a natural part of the learning process. This can take a long time to learn correctly, and then longer to execute correctly. Learning is only part of the process. Execution is another part of the process, and execution is complicated by personality, by the work necessary to undo bad habits and create good habits, and by varying degrees of commitment and discipline.
As for my posted comments now and then, always I am only stating how I see things. I am never advising anyone how to trade. The Sonic R. System is the advice here. Everyone makes their own trading decisions here, and deals with their own consequences.
In anything I say that is analysis, it is how I see it. It is speculative. It is opinion. That is only what analysis ever is. And I can be wrong. I have been before.
-tah
- #75,712
- Sep 3, 2014 12:57pm Sep 3, 2014 12:57pm
{quote} The issue is whether or not the lower TF charts still show relative changes as before. If yes, then all is okay. If the volume is now more uniform, so that the true relative changes are smoothed out, then the volume becomes less useful. This is the issue. It is bull shit when they say things cannot be reversed. They might not be able to be reversed, but that is a deceptive statement. They can still be further changed! Other brokers have done so to insure the usefulness of the volume display (ref: TradersWay). If the volume is now smoothed,...
But from the higher TF u can see how the volume get droped H4 H1 what is your sugestion, i think about leaving this broker, do u have some good borker guys to offer me ?? I would like to go to ecn but i dont have the 2k or son to get the acc. :/
Build your own dreams, or someone else will hire you to build theirs.
- #75,713
- Sep 3, 2014 2:59pm Sep 3, 2014 2:59pm
{quote} Dear Tah this is how the volume looks
Pip Goes The Weasel
- #75,715
- Edited 4:49pm Sep 3, 2014 4:31pm | Edited 4:49pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
{quote} Dear Tah this is how the volume looks
- #75,716
- Edited 7:57pm Sep 3, 2014 7:05pm | Edited 7:57pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
{quote} EURUSD: Sonicers, now this is looking much better! We have a good PA bull wave and it is followed by a retrace to the support of the top of the first leg of the PA wave. A good place to consider a long entry would be as price moves up thru the higher SR area marked green. This is nice too, because the entry is still below the half number, which is where the Robber Bank MMs also like to build long. Tomorrow brings both EUR and USD high impact releases, and possible more whipping and whacking to Stop Hunt right side traders and trigger pending...
Since the last post, PA went up to test the green SR area, fell back, rose up thru it, and has come back down to it. This continues to look bullish and make normal PA bullish steps. However, there are multiple EUR and USD high impact releases today. This is a situation ripe for whippin n' whackin' by the Robber Bank MMs. Even one modest Stop Hunt on longs move could take price right back to the bottom. But look a bit lower! RDL and a whole number beckons the Robber Bank MMs to whack the price at least down to there! And if they get it down there, why not another 10 pips or so lower? Take it below the whole number. After all, that is where the MMs prefer to accumulate longs.
So, there it is. A bullish moving pair enticing longs in once again. And, with any luck, longs will over trade. That way, if the rotten Robber Banks pull off a good Stop Hunt on longs, they have to ways to get liquidity to fill their own long orders: stop out longs, and liquidate the accounts of longs that over traded.
I see this as bullish. But I do not trust the Robber Banks that control currency prices any more than I trust the "Thieves of Wall Street" that control stock prices, or the Republicans,.....that think they control everything.
If you go long or are already long, and plan to endure the coming fireworks, you need to decide how you are going to handle a good spanking, should it come to that. It won't mean you are wrong. But it can hurt you nonetheless if you are not prepared for the possibility and don't know what you are going to do about it.
- #75,717
- Sep 3, 2014 8:46pm Sep 3, 2014 8:46pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
Leentjai very good!
- #75,719
- Sep 3, 2014 10:19pm Sep 3, 2014 10:19pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
Next US Stock Market Correction Coming Soon?
It would appear that way to me. Watch this space.
It would appear that way to me. Watch this space.
- #75,720
- Sep 3, 2014 10:34pm Sep 3, 2014 10:34pm
- | Joined May 2014 | Status: Trader | 2,733 Posts
Donde hay Patron no manda Marinero