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Sonic R. System

  • #77,121
  • Edited 8:00am Oct 29, 2014 7:50am | Edited 8:00am
Quoting Patron
{quote} It seems to be forming a pattern reversed in daily timeframe. But for now, we can only speak of correction. Very likely to reach 38% of Fibonacci. Regarding mm, are imaginary entities that fail to say anything about the market condition. So I do not know what will. You'll have to go down to smaller timeframes to make a more accurate tracking. {image}
thanks patron.
my one analysis is similar to you ,but i m not confident in my mind ,another analysis is three big releas will be the resaon for mms to suck in shors. these two ideas conflicts .
maybe i have to wait ,until the end of ls, if the price went up ,i will add shorts
  • #77,122
  • Oct 29, 2014 8:03am Oct 29, 2014 8:03am
Quoting lzhcz
{quote} thanks patron. my one analysis is similar to you ,but i m not confident in my mind ,another analysis is three big releas will be the resaon for mms to suck in shors. these two ideas conflicts . maybe i have to wait ,until the end of ls, if the price went up ,i will add shorts
Forget mms, and make a PVSRA. Above all, try to put yourself in the last wave, to see if it is ending, and will be reversed in their grade. So you can wait to re-enter, with scouts confirmed by candlestick or price action. It works for me multitimeframe analysis.

Bye.
Donde hay Patron no manda Marinero
  • #77,123
  • Edited 8:19am Oct 29, 2014 8:06am | Edited 8:19am
USDJPY Long Trade Open:

M15 Classic.

Back to bullish on this. You can see how the MMs whacked the price back below the whole number earlier. And you can see the activity peaked as the price put in the low of the day. And: LS, Dragon angled up, Trend angled up, Dragon above Trend, PA above both,......bounce up off of the whole number.
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  • #77,124
  • Oct 29, 2014 8:07am Oct 29, 2014 8:07am
Long USDJPY -5M chart.
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  • #77,125
  • Oct 29, 2014 8:10am Oct 29, 2014 8:10am
thanks patron
  • #77,126
  • Oct 29, 2014 8:27am Oct 29, 2014 8:27am
EURJPY - Classic Long Open
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USDJPY - Classic Long Open
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-AdrianC.
  • #77,127
  • Edited 9:18am Oct 29, 2014 8:56am | Edited 9:18am
Quoting lzhcz
usd/cad help,my head is in a mess.today ,3 big release about u/c,now u/c is diving，mms are sucking in shorts or building shorts,some can give comments?
lzhcz,

How about YOU obeying the rules. The No. 1 rule by Sonic is, "...NO pic, No post!" Okay? Especially when you are asking for help or opinions, right? Without your chart posted, how can we see what kind of mess you are referring to?

I have already posted about the possibility of a break out upwards on the Month chart. A big deal, if it happens. Such a big deal that one might suspect the MMs would WHACK the price before letting it happen. And.....gee....guess what the MMs are doing!

I suggest you watch PA around the 1.1100 Level (if they get it down there), because if the bulls are at work forcing the price lower to stop out longs and accumulate low priced longs themselves, that is a likely area for them to create a base - just below it - in the area where RDL and RWL are, and which is an obvious historical S&R area, as the chart shows.

Were it me, I'd let the FOMC crap come and go - and all the Robber Banks/MMs whippin' whackin' with it - and wait for next week's Classic long setup.
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  • #77,128
  • Oct 29, 2014 9:19am Oct 29, 2014 9:19am
Quoting traderathome
{quote} Were it me, I'd let the FOMC crap come and go - and all the Robber Banks/MMs whippin' whackin' with it - and wait for next week's Classic long setup. {image}
This is my favorite advice. Don't get caught in crazy price whipsaw during central bank statements and stay out of the frenzy.

This is a marathon, not sprint! I'd rather chip away slowly every trade methodically than gambling my fortune on what Janet Yellen would say.
  • #77,129
  • Oct 29, 2014 9:37am Oct 29, 2014 9:37am
Quoting traderathome
USDJPY Long Trade Open: M15 Classic. Back to bullish on this. You can see how the MMs whacked the price back below the whole number earlier. And you can see the activity peaked as the price put in the low of the day. And: LS, Dragon angled up, Trend angled up, Dragon above Trend, PA above both,......bounce up off of the whole number. {image}
USDJPY Long Trade Closed:

Closed for loss of 10.7 pips average/total. I decided the market (MMs) are just playing everybody today, whippin' and whackin' here and there, making profits/good use of the time until FOMC. And after that? All hell could break loose! And, if you have been trying to be on the right side of all this up and down price manipulation, what side will you likely be on when the shit hits the fan?

Sonicers,

Great advice from a great team player......

"This is my favorite advice. Don't get caught in crazy price whipsaw during central bank statements and stay out of the frenzy. This is a marathon, not sprint! I'd rather chip away slowly every trade methodically than gambling my fortune on what Janet Yellen would say." - Nestledrink
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  • #77,130
  • Edited 10:07am Oct 29, 2014 9:47am | Edited 10:07am
EURGBP:

Sonicers,

This one might offer a profitable long trade, and one not so subject to the MMs price manipulations in conjunction with FOMC.

The H4, H1 and M15 are "setup bullish".

Personally, I am thinking of a long entry if that price gets back below the whole number, because if "long" is the right side - if that is what the MMs have planned - then the MMs are more than likely to bring the price down again - Stop Hunt longs & sucker shorts - before starting a real move higher.
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  • #77,131
  • Oct 29, 2014 10:15am Oct 29, 2014 10:15am
TAH, please check PM's

Regards,
Cigarguy
Keep It Simple
  • #77,132
  • Edited 10:35am Oct 29, 2014 10:21am | Edited 10:35am
Quoting lzhcz
thanks patron
USDCAD m15
Now that you've gained a few pips here.
http://www.forexfactory.com/showthre...41#post7831541
You can expect to re-enter short, at the right time.
I would even say that this pair, given its current condition, can be taken to longs, and shorts. But you have to have some skill in that. So for now, I'd recommend you to wait to re-enter short.
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Donde hay Patron no manda Marinero
  • #77,133
  • Oct 29, 2014 10:49am Oct 29, 2014 10:49am
Quoting AdrianC
EURJPY - Classic Long Open {image} USDJPY - Classic Long Open {image} -AdrianC.
EURJPY - Close +31.6pips, +6.32pips on avg
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USDJPY - Close
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-AdrianC
  • #77,134
  • Oct 29, 2014 10:49am Oct 29, 2014 10:49am
Quoting lzhcz
{quote} thanks patron. my one analysis is similar to you ,but i m not confident in my mind ,another analysis is three big releas will be the resaon for mms to suck in shors. these two ideas conflicts . maybe i have to wait ,until the end of ls, if the price went up ,i will add shorts
If you do not trust yourself, do not put your money in this business. Make home work. Backtesting. 2000 hours.
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Donde hay Patron no manda Marinero
  • #77,135
  • Oct 29, 2014 11:01am Oct 29, 2014 11:01am
Quoting traderathome
EURGBP: Sonicers, This one might offer a profitable long trade, and one not so subject to the MMs price manipulations in conjunction with FOMC. The H4, H1 and M15 are "setup bullish". Personally, I am thinking of a long entry if that price gets back below the whole number, because if "long" is the right side - if that is what the MMs have planned - then the MMs are more than likely to bring the price down again - Stop Hunt longs & sucker shorts - before starting a real move higher. {image}
EURGBP Long Trade Open:

M15 Classic long "re-entry" on pull back. No TP/SL at this time.
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  • #77,136
  • Oct 29, 2014 11:32am Oct 29, 2014 11:32am
USDJPY Long Trade Open:

M15 Classic.

As I see things unfolding here, I perceive the whole number as well established support. All moves down to, or thru it, have been followed by immediate and strong moves back up. I have been back and forth on this. I am still bullish, as in the last trade I closed before my SL might have gotten hit. At that point I was of the mind to back off and wait at least until after FOMC. Since then, the Dragon continues angling upwards, as does the Trend, and the Dragon remains above the Trend. The conclusion I continue to draw is that the MMs have been whacking the price to accumulate long orders at lower prices by Stop Hunting longs and suckering in shorts. No TP/SL at this time. I expect some increased volatility at/after FOMC.
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  • #77,137
  • Oct 29, 2014 12:07pm Oct 29, 2014 12:07pm
thanks tah.patron, in my oppinon , in the long run ,usd willl appreciate but today maybe it will go down
  • #77,138
  • Edited 12:23pm Oct 29, 2014 12:11pm | Edited 12:23pm
Quoting lzhcz
usd/cad help,my head is in a mess.today ,3 big release about u/c,now u/c is diving，mms are sucking in shorts or building shorts,some can give comments?
Quoting traderathome
{quote} lzhcz, How about YOU obeying the rules. The No. 1 rule by Sonic is, "...NO pic, No post!" Okay? Especially when you are asking for help or opinions, right? Without your chart posted, how can we see what kind of mess you are referring to? I have already posted about the possibility of a break out upwards on the Month chart. A big deal, if it happens. Such a big deal that one might suspect the MMs would WHACK the price before letting it happen. And.....gee....guess what the MMs are doing! I suggest you watch PA around the 1.1100...
USDCAD:

lzhcz,

As you can see on your own M5 chart now, volume peaked at the lows. Also, since then the higher volumes have been when price has been either been pushed up from below DS1, or has been pushed back below DS1. This looks like a PVSRA indication the area below DS1 is being used by the MMs to accumulate longs, which is of course also below the half number as a result of today's price manipulations by the MMs.

Still, the least risk is to await a valid Classic long setup, especially with FOMC looming ahead. Some "classic" MMs Whippin' Whackin' could occur.

As Patron should say, "Donde hay Sonic R. no necessita nada mas!
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  • #77,139
  • Edited 12:57pm Oct 29, 2014 12:39pm | Edited 12:57pm
Quoting traderathome
{quote} {quote} USDCAD: lzhcz, As you can see on your own M5 chart now, volume peaked at the lows. Also, since then the higher volumes have been when price has been either been pushed up from below DS1, or has been pushed back below DS1. This looks like a PVSRA indication the area below DS1 is being used by the MMs to accumulate longs, which is of course also below the half number as a result of today's price manipulations by the MMs. Still, the least risk is to await a valid Classic long setup, especially with FOMC looming ahead. Some "classic"...
USDCAD M15
And now a bit of imagination ...

As tah say: "The MMs push the price to the upper band of the channel to later swell their profits, and sending abruptly price to round number, 1.11000.
And Robbers Banks, we were hoodwinked upward and then rob us with impunity!!"

PS: The drawings of the chart are fictitious, any resemblance to reality is purely coincidental. But I do not rule anything happens quite similar.
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Donde hay Patron no manda Marinero
  • #77,140
  • Oct 29, 2014 12:56pm Oct 29, 2014 12:56pm
Quoting Patron
{quote} USDCAD M15 And now a bit of imagination ... As tah say: "The MMs push the price to the upper band of the channel to later swell their profits, and sending abruptly price to round number, 1.11000. And Robbers Banks, we were hoodwinked upward and then rob us with impunity!!" PS: The drawings of the chart are fictitious, any resemblance to reality is purely coincidental. But I do not rule anything happens like suffice. {image}
USDCAD:

Yep. It could happen. The MMs could easily do it if they want to. They have whipped or whacked prices before more than 200 pips, so a whack job here down to the whole number is a piece of cake for them! I am watching to see if they do. If they do it - a Stop Hunt on longs and a deception to sucker in shorters - then it is a "slam dunk" recommendation to go long on the first valid setup. But, maybe for that very reason - being too obvious - they won't do it.
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