Sonic R. System

Almost the same entry ! but why the volumes are different ? is it because of different broker ?

Hallo please, what means MMs and LS ?

Thanks

EURUSD Short Trade Open:

Scout entries.

It looks like the MMs are on their way to pumping this one back up, ahead of the coming EUR releases. Their pump job has already achieved the FR 62% retrace level. It could continue higher because there is plenty of time left before the releases. On the other hand, they may stop the pump and simply support the price in order to cycle it up and down, which they do to facilitate their building of a position, in this case a short position. And once they have managed that for a while, they might remove the support and start the price back down. Not seriously down, just enough to suck in more shorters, so that those shorters and the ones that were shorting during the ranging, can be hit with a Stop Hunt later - MMs ramming the price back up - but still before the releases.

Well, that is one scenario. Many are possible. All are speculative, because we cannot know how the MMs will move price next. However, it is suspiciously bearish for the price manipulating MMs to be hiking price on low volume in after-hours.

I intend to ride this one out, though I might hold off adding any more until I can get a better idea if the MMs might take price all the way back up to the upper whole number.

mel3,

If you are seriously interested in this, please do your Post #1 Homework before asking any more questions. If you do it well, you won't have any.

-tah

GU Scout SHORT

sl hit

You should consider the size of your SL. 15 pips? Thats not too much.

Another "Classic" Lesson, EURUSD:

It played out nicely. In spite of all the speculative guessing it played out nicely. That is the lesson.

GBPUSD Short Trade Open:

Scout entries. As with EU, the MMs are pumping this up ahead of important releases. Their pump has taken the price above a whole number. The pump was on light volume until they got the price above the whole number, then it suddenly increased! This is a PVSRA indication the MMs are bears looking to close longs or open shorts. When they had the price up here yesterday they might have been focused on closing longs. Today, their focus might be on building short. Today is a US Bank holiday, so liquidity for shorting must be light (and the resistance the MMs encountered in hiking the price was lighter, too), and therefore this will probably just go into ranging to allow more time (into tomorrow) for short building.

Bit of an early entry but when i saw the 2 lower wicks combined with increased volume i was confident of some bull building position by MMs
CLOSED entry after LS closed for about 67 pips profit

Comments are welcome



Done!

demarko7,

That was an astute and correct use of a Scout to open a trade ahead of an anticipated Classic setup. You played your trade just right. The only other thing you could have done to make it better would have been to add at the Classic long entry. Very good trading, Sonicer.

A Reminder & Request

For the benefit of all Sonicers reading this thread now and in the future, please always show the entire chart when posting. You should edit your post to correct this. The closed trade PL label is not completely shown. Thank you in advance for complying, because clean and easy to read charts are one of the nice touches here that make this thread better than all the rest for those trying to learn. And, such a good trade deserves to be posted properly.

thanks for the feedback

Market Comment

Sonicers,

As you can see at this time, all the xxxUSD pairs have been getting pumped back up, ahead of coming important releases, including the USD releases over two days from now. USDCAD has understandably been pushed lower. These events make it seem that the MMs are positioning prices so they can have some time to load up for some "USD STRENGTH" moves which maybe they plan for the end of the week, or next week.

Take a look at this situation yourselves. If you agree, then keep this in mind while doing anymore interim trading this week.

-tah

Waiting for short Classic AUD/USD

Hello guys i havent write here for a long time.. i am now studing moves and not trading much but this one worth a loook
Supply and demand zones.. that is the place where u put your scout as previous sonicer did.
This bellow is the chart of US dollar index the guy which moved GU EU AU and all usd pairs today As u can see on all the charts even the gold.. NFP was big volume activity which caused the push up there around 100 pips. SO the MM slowly push the price to almost the same level.. The same level is on the US dollar index.. and gues which orders was there..
All short orders were activated... and bang we got drop of uSd today and EU GU AU all go up
I added the chart of eu that u can see where is the heavy volume and big move area

On the last picture u can see points A, B, C ... A the 1,25 area MM shorting cause move down to previous demand are.. B is the point where MM sell a little more of orders to push price lower but as u can see price helds there longer period of time not serious selling anymore
C this morning price halted.. THE wicks whic appears are in the previous nfp area... MM building longs,
IF you are right with nfp usd shorts activated.. we get from C back to B little bit of resistance BUT between the last buy orders and top sell orders NO clear resistance when u see the candles are pure down without stop there is no sign of S/R area.. price shooted like Formula 1 We get to last point A and MM closed their part of longs, if they will add more price go higher

comments welcome, Its all about key levels.. Price will reverse or break through depen on if Banks are willing to sell more or buy more... So As in the book Fight the trend but dont fight the BANKS and their orders which cause reversing like today

AU 15m
short scout...

yep! different broker, different vol. vol of forex trade cant be caculated coz the different market.



GBP next movement! close too early??!! what do you guys think?Try to move the SL to the open and close 1/2 trade next time???

Sell stop order is opened ...

S&R Better Than D&S, and Forget the DOLLAR INDEX!

jojojo22 and Sonicers,

What difference does it make,.... Support & Resistance vs Demand & Supply? The difference is this. When traders see the terms S&R they understand the reference is to previous/historic levels (areas) where price paused, and then proceeded or reversed, and might do either again. When traders see the terms D&S they assume the next time price gets to those areas they will again act as D&S. That is the danger in using those terms, because the assumption is a bad one. D&S areas are the S&R areas, and when price next gets to them it might pause and then proceed, or then reverse. A previous Demand area will only act the same way the next time price gets there if there is enough Demand there. A previous Supply area will only act the same way the next time price gets there if there is enough Supply there. Simply put, we don't know if there is demand at a previous demand level. We don't know if there is supply at a previous supply level. But the use of the terms demand and supply induce traders to think so. That is misleading!

Therefore, it is best to stick with the age-old terms Support and Resistance. where even the novice trader understands what to expect; pause, and proceed or reverse.

Yes, the Robber Banks rule the markets. And when they put the "For Sale" sign on the USD, xxxUSD pairs go up. When they put the "Buying Now" sign on the USD, xxxUSD pairs go down. But currency traders have no need to ever look at the DOLLAR INDEX. None at all! It is always best to just focus on the chart of the currency pair you are trading. The reason is simple. The Robber Banks/MMs control pricing. They decide what goes up, what goes down, and when. And they do not always exactly replicate timing and pricing across all currency pairs. Believe it or not, they can at times get pairs that should be moving in the same fashion, to not do so! As a currency trader, it is foolish to think the DOLLAR INDEX gives you "lead time" as to what is going to happen to a currency pair. The Robber Banks do not give "lead time"! And they might or might not move any particular currency pair the way a trader might think a currency pair should move, based on movement of the DOLLAR INDEX.

Therefore I repeat, It is always best to just focus on the chart of the currency pair you are trading. The index is a waste of time that can also be misleading!

-tah

Hi Everyone,

It's well before London open, just practicing with micro lot.
The entry is correct?





Thanks,
Mani.