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Sonic R. System

  • #77,261
  • Nov 5, 2014 12:22am Nov 5, 2014 12:22am
This week ,too many big release of usd/cad are coming. As the price is being drive higher, the volume is decreasing, i infer that the retracement of usd/cad is coming.
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  • #77,262
  • Nov 5, 2014 12:28am Nov 5, 2014 12:28am
Quoting lzhcz
This week ,too many big release of usd/cad are coming. As the price is being drive higher, the volume is decreasing, i infer that the retracement of usd/cad is coming. am i right? {image}
it looks interesting to me for short building, we reach RWH, time for shorts.

I dont see any resistance, just short building with small positions ( No SL/TP ), get the confirmation to increase lot size.
  • #77,263
  • Nov 5, 2014 2:32am Nov 5, 2014 2:32am
Still trying to be a good Sonicer.
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  • #77,264
  • Nov 5, 2014 2:57am Nov 5, 2014 2:57am
Quoting TrendyTrade
Still trying to be a good Sonicer. {image}{image}
I congratulate you for your exit. I can learn a lot from your trade.
Everything happens for a reason...
  • #77,265
  • Nov 5, 2014 5:26am Nov 5, 2014 5:26am
Quoting lzhcz
This week ,too many big release of usd/cad are coming. As the price is being drive higher, the volume is decreasing, i infer that the retracement of usd/cad is coming. {image}
Agreed, and I'm out.
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  • #77,266
  • Nov 5, 2014 5:40am Nov 5, 2014 5:40am
AUDUSD Short Trade Open/Closed:

Closed for gain of 101 pips average, 606.2 pips total.
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  • #77,267
  • Nov 5, 2014 5:43am Nov 5, 2014 5:43am
Quoting traderathome
GBPUSD Long Trade Open: M15 Classic entry, late LS. On M15, things have the look of bulls. They also do on H1. No TP/SL yet, but RDH is a reasonable TP. And if the MMs get real frisky with their price manipulations in conjunction with coming releases, especially the USD releases, RWH could be reached. Part of the basis for this trade is that I am (now mistakenly) short EURUSD, so this is sort of a hedge. {image} {image}
GBPUSD Long Trade Closed:

Closed for loss of 62.1 pips average, 186.4 pips total.
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  • #77,268
  • Nov 5, 2014 6:15am Nov 5, 2014 6:15am
Quoting traderathome
{quote} GBPUSD Long Trade Closed: Closed for loss of 62.1 pips average, 186.4 pips total. {image}
HI.
Why You closed GBPUSD. I see still potential up. M1 I can' see press down.
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D1
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  • #77,269
  • Edited 6:51am Nov 5, 2014 6:40am | Edited 6:51am
GBPUSD Short Trade Open:

M15 Classic re-entry. No TP/SL at this time.

I see the PA this way. The MMs whacked the price because they are bears. But immediately following their whack job, they whipped the price back up - Stop Hunt on shorts - as a liquidity creation manipulation of price by the Robber Banks/MMs to steal from those that went short on the previous move down. So, they are building as large a short position as they can, at the expense of others!
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  • #77,270
  • Edited 9:57am Nov 5, 2014 8:36am | Edited 9:57am
The Big Sting (and the Banks Stink!) Revisited:
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  • #77,271
  • Edited 9:35am Nov 5, 2014 9:20am | Edited 9:35am
GBPUSD:

Sonicers,

The MMs drove the price back up as the LS approached closing. Now, in after hours, the MMs are engaging in very high activity at the highs they have whipped the price back up to! This is very likely a sign the MMs are bears accumulating short orders, taking advantage of whatever liquidity they get for shorting as others submit long orders. This makes more sense than to think the MMs would be trying to add to a long position at high prices when they could easily whack the price back down in search of liquidity to add longs.

It could be that their selling represents their closing of the longs they acquired during their manipulation of the price upwards after putting in the low for the day. But, if they are bulls, why bother? If they whipped the price back up today because they are bulls, why close their longs now? Why not wait for more whips up and more profits on the longs? Why? Probably because they do not anticipate whipping the price up substantially more. Maybe only a bit more, and only if that is necessary to clear out their longs as others are deceived into submitting long orders.

The logical possibilities more point to the MMs being bears than bulls.
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  • #77,272
  • Edited 10:03am Nov 5, 2014 9:49am | Edited 10:03am
USDCAD Long Trade Open:

M15 Scout entry. No TP/SL.

Per my previous posts on this pair, I see a bullish breakout on the Month chart. Consistent with this is the PA today, where the Robber Banks continued running the price up, then maybe closed out some of their longs and drove the price back down, all to make PA appear to have reversed to bearish. As others started in shorting, the Robber Banks were adding more longs again. Such price manipulation by the Robber Banks like this is absolutely necessary in order to keep the market liquid. If they did not engage in partial closings followed by driving prices lower to deceive others into being bearish, then bears would vanish altogether. Everyone would eventually be bulls, the price rise would halt, and there would be no way to either buy more longs or close existing longs because the bears evaporated! So, price manipulations (deceptions to induce others to be bears) are necessary if the Robber Banks want to push prices higher in order to make more profits as bulls.
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  • #77,273
  • Edited 10:23am Nov 5, 2014 10:07am | Edited 10:23am
Quoting Msis125125
TAH what do you think about yen pairs USDJPY / EURJPY?
Msis125125,

I think they went higher today, and that UJ went up more than EJ.

Seriously, I think JPY pairs are quite overdone on the bullish side. And JPY pairs PA looks to have taken on a day-to-day pump and dump appearance. So, until the MMs are forced to go bearish, they appear to be continuing to milk the bull, but only on a day-to-day basis - in and out - so they don't get caught with large positions needing to be closed out and reversed should the shit hit the fan. In other words, and just my opinion, the Robber Banks are building short while trimming down long, but they continue to manipulate prices upwards - ongoing "buy low, sell high" - to aide them in closing longs and in building large short positions, until they are ready to execute the reversal and start driving prices down.

-tah
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  • #77,274
  • Nov 5, 2014 11:03am Nov 5, 2014 11:03am
Unfortunately I am in red on EJ. What would you suggest? Shall I assume loss or wait a little bit to see what will happen on Friday NF?

Thank you.

Sorry, I know no one knows where the price might go, but some friendly advice would be awesome.
There is no spoon....
  • #77,275
  • Nov 5, 2014 11:24am Nov 5, 2014 11:24am
Quoting Msis125125
Unfortunately I am in red on EJ. What would you suggest? Shall I assume loss or wait a little bit to see what will happen on Friday NF? Thank you. Sorry, I know no one knows where the price might go, but some friendly advice would be awesome.
EURJPY:

Msis125125,

You know that I cannot advise you, because every trader needs to make their own trading decisions. But, look at the Day chart. To me, two things stand out:
1) sudden big move, and we know that the difference in the cost of bread in one country to the other country did not change!
2) price rise halted in area of previous highs.

So, and again it is just how I think about it, the price move was total manipulation without real life substance changes to warrant it. In other words, the price move was manipulated totally on speculations of big changes. And when those changes do not soon develop, the speculation will reverse and the price will drop. So, the only question of importance is how much higher will the Robber Banks push it before reversing it? We can't know.

Pump & Dump on "news", a bogus move, a deception which sometimes even includes the planting of the news and its content. Just my opinion. And I could be totally wrong. Have been before. I just can't help but think that whoever was taking the "sell" side as the price rose - enabling the price to rise - is now looking forward to lower prices to close for profit.
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  • #77,276
  • Nov 5, 2014 11:26am Nov 5, 2014 11:26am
Quoting traderathome
{quote} EURJPY: Msis125125, You know that I cannot advise you, because every trader needs to make their own trading decisions. But, look at the Day chart. To me, two things stand out: 1) sudden big move, and we know that the difference in the cost of bread in one country to the other country did not change! 2) price rise halted in area of previous highs. So, and again it is just how I think about it, the price move was total manipulation without real life substance changes to warrant it. In other words, the price move was manipulated totally on...
Thank you. Coz I though I was going mental.

Thank you TAH, I owe you again!
There is no spoon....
  • #77,277
  • Edited 11:58am Nov 5, 2014 11:46am | Edited 11:58am
EURUSD:

Sonicers,

There has been serious consolidation on this one, following the drop in price. Now, I know the first thing that might stand out is the fact that all this consolidation is below a whole number, which usually is a PVSRA indication the MMs are now bulls again. But, due to the spike up thru the whole number at the US open today, I suspect the MMs remain bears. Any high volume at lows is more likely a sign of what it is costing the MMs to support the price in the face of a bearish up-swelling in the market,....what it is taking to support the price so the MMs can have more time to continue to load up with short orders before removing their support and sending the price on down lower.

In other words, the Robber Banks are supporting the price now to give PA a bullish appearance. And they are greedily taking the short side of all those they deceive into submitting long orders. And before they are ready to drive the price lower, they might whip it higher to: 1) coax in even more submitters of long orders, and 2) stop hunt shorts.

I could be wrong. Have been before. I do have a short trade running on this pair.
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  • #77,278
  • Nov 5, 2014 9:42pm Nov 5, 2014 9:42pm
building shorts on gbp, if it break 1.5860, next target around 1.5720.
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  • #77,279
  • Nov 5, 2014 9:52pm Nov 5, 2014 9:52pm
Quoting jackywang5
building shorts on gbp, if it break 1.5860, next target around 1.5720. {image}
jackywang5,

Nice positions. Back then I interpreted bullish, even on H1

-tah
  • #77,280
  • Nov 5, 2014 10:29pm Nov 5, 2014 10:29pm
GBPNZD close 1 slassic long and open 1 slassic short.
GBPAUD close 1 slassic long and open 1 slassic short.

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