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Sonic R. System

  • #77,761
  • Edited 3:57am Nov 26, 2014 3:47am | Edited 3:57am
GU hit stoploss of 23pips average... total of -127 pips total.

On another note this seem to be creating a "flawed PA wave that TAH mentioned, we need another candle or two to tell. I might have a reentry then.
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  • #77,762
  • Nov 26, 2014 3:54am Nov 26, 2014 3:54am
Quoting tjinhean
GU hit stoploss of 23pips average... total of -127 pips total. On another note this seem to be creating a "flawed PA wave that TAH mentioned, we need another candle or two to tell. I might have a reentry then.
Just before important news for GBP??? It is a risky bet!
  • #77,763
  • Nov 26, 2014 3:58am Nov 26, 2014 3:58am
Quoting bagXpert
{quote} Just before important news for GBP??? It is a risky bet!
I see... that explains the big spike in GU... Oh wells... you live and learn I guess.
  • #77,764
  • Nov 26, 2014 4:02am Nov 26, 2014 4:02am
Quoting tjinhean
{quote} I see... that explains the big spike in GU... Oh wells... you live and learn I guess.
Where are your SonicR Template FFCAL headlines? It's part of the template and there to save you losing $$!!!!!
  • #77,765
  • Nov 26, 2014 6:36am Nov 26, 2014 6:36am
GBP/CAD 1 Minute Classic Entry
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  • #77,766
  • Nov 26, 2014 10:16am Nov 26, 2014 10:16am
EUR/CAD 15 Minute classic entry for a quick, final trade of the day

*Note: the four hour blue candle is a bullish, engulfing hammer.
Trade terminated at the close of the London session at the most recent 15 minute S/R level.
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  • #77,767
  • Nov 26, 2014 10:44am Nov 26, 2014 10:44am
Quoting traderathome
NZDUSD Long Trade Open: M5 Scout entry. No TP/SL at this time. This was not yet a M5 classic long setup at entry. Now it is. In fact, we can see the Robber Bank MMs whacked the price immediately after the setup breakout. They are stop hunting longs - stealing via price manipulation - in order to build larger their own long positions. Today, the MS1 area is popular for the accumulation of longs by the MMs. However it is not far above the half number. They have already take price below MS1 almost to the half number. They might take it below the half...
NZDUSD Long Trade Closed:

Closed for gain of 14.8 pips average, 148 pips total. Rocky road roller-coaster. Bad on me for not just terminating it early.
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  • #77,768
  • Nov 26, 2014 10:50am Nov 26, 2014 10:50am
Quoting traderathome
GBPUSD Long Trade Open: M5 classic setup. No TP/SL at this time. Another USD release is coming. Anything can happen, in spite of the two price drives back down to the half number. {image}
GBPUSD Long Trade Closed:

Closed for gain of 110.1 pips average, 440.2 pips total.
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  • #77,769
  • Nov 26, 2014 10:55am Nov 26, 2014 10:55am
Quoting traderathome
USDCAD Short Trade Open: M15 classic setup re-entry. No TP/SL at this time. Price might go up another 10 pips or so, maybe more if this is the beginnings of another stop hunt. In any case, seems to still be bearish and should go even lower. If not today, then later. {image}
USDCAD Short Trade Closed:

Closed for gain of 15.1 pips average, 75.5 pips total.
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  • #77,770
  • Nov 26, 2014 10:59am Nov 26, 2014 10:59am
Quoting traderathome
GBPJPY Long Trade Open: M15 classic setup. No TP/SL at this time. Here is what I see in this last hour of Tuesday trading. Today the price retrace almost FR 79% of the run up on Monday. That is a whopping retrace. Looking more closely at the PA today it is clear that the MMs have been cycling the price up and down, centered on the whole number. The up/down action is typical MM strategy for building because it gets traders of both persuasions to put their money into the market. The MMs will take the opposite side of the wrong side orders and let...
GBPJPY Long Trade Closed:

Closed for gain of 60 pips average/total.
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  • #77,771
  • Edited 1:12pm Nov 26, 2014 11:50am | Edited 1:12pm
GBPJPY Short Trade Open:

Scout entries.

In recent days the MMs have repeatedly pushed the price to the upper whole number. Today they pushed the price up again, but not quite to it. This could be a sign that there remain no sucker long pending orders up there for the Robber Bank MMs to trigger in order to get the liquidity to fill their own short orders. The drive up today may have been to stop hunt shorts, the alternative the thieving MMs have to enlarge their short positions.

Certainly, this is speculation predicated on the Robber Bank MMs being bears. And regardless of whether they are bulls or bears, we cannot know how they will move the price next. However, on M1 in after hours I see the MMs pushing the price up above the 3/4 level. That looks bearish to me. It looks like they are accumulating short orders using whatever liquidity they find to do so. It seems unreasonable they would be looking to accumulate long orders up there when they could just as easily lower the price instead of raising it to do so. And, because the Robber Bank MMs try to deceive others, they might be trying to make PA look bullish up here, in order to coax traders into putting their money into the market on the long side at these high prices.

Yes, this is "top picking", and not the way of the Sonic R. System. I have done this with the reasoning just mentioned. It just all seems to add up to the MMs working to accumulate as many short orders as they can right now. I have entered light because this is not an approved way to trade because it is extremely risky. Yet, it may be one of those times it pays off. Only time will tell.
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  • #77,772
  • Edited 1:24pm Nov 26, 2014 12:43pm | Edited 1:24pm
xxxJPY Pairs:

The Robber Bank MMs are pushing them all up in after hours. Something is afoot. Due to Thanksgiving holidays, these US Robber Banks will be off-line, so to speak. And maybe they know the YEN is due for strengthening over these holidays (gap downs at the open next week?), so they are hiking the price now on the xxxJPY pairs - stop hunting shorts - to load up on more shorts themselves before going off-line?

If so, this could mean the AS will ramp up the prices for themselves also.

-tah
  • #77,773
  • Nov 26, 2014 3:03pm Nov 26, 2014 3:03pm
TAH,

regarding AUDUSD and AUDJYP, do u think, "long" is good till friday ?

Thx man.
  • #77,774
  • Nov 26, 2014 5:27pm Nov 26, 2014 5:27pm
Trade safe with nice money management. 364 pips long closed and one baby whale is swimming 120 pips
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  • #77,775
  • Nov 26, 2014 5:47pm Nov 26, 2014 5:47pm
TAH, I've been quietly watching your posts these days. I've got two questions here and if you don't mind, write me something when you have time please. thank you.
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  • #77,776
  • Edited 6:46pm Nov 26, 2014 6:22pm | Edited 6:46pm
Quoting forexTN14
TAH, regarding AUDUSD and AUDJYP, do u think, "long" is good till friday ? Thx man.
AUDUSD and AUDJPY:

I could be wrong about this but I am looking for both to be resurrected. Many months ago the RBA proclaimed desire for AUDUSD prices near 0.8400, and as would have it, traders all figured it to become so. Meanwhile, the MMs manipulated prices to make money against these traders. Later, then broke, the traders gave up thinking about it. Then the MMs started the price down to the 0.8400 area, which it just reached this week! Not surprisingly, several days before that, RBA proclaimed the pricing was low enough when it reached down into the 0.8500s.

So what now? The USD is getting stronger relative to other currencies. Whether the MMs play it that way now or not, they will come around to doing so. There is time for the MMs to resurrect the Aussie before putting into play serious USD strength moves. If they do resurrect the Aussie, then both AUDUSD and AUDJPY will go back up. And when serious USD strength moves do come, there will be room for AUDUSD to fall again, maybe without going critically low, below 0.8400.

You can see, therefore, why I suspect the pricing of these might be started back up. I could be wrong, have been before, but both are up off of their "below whole number lows" of yesterday. And below whole numbers is where the Robber Bank MMs prefer to go long. The sudden moves down to those lows was probably a stop hunt on longs.

tah
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  • #77,777
  • Edited 6:50pm Nov 26, 2014 6:38pm | Edited 6:50pm
Quoting wccmcd
TAH, I've been quietly watching your posts these days. I've got two questions here and if you don't mind, write me something when you have time please. thank you. {image}
wccmcd,

Question #1

How many times does it have to be said? We cannot know how the price will move next! Okay?! We know the MMs study the queue to see in which direction, and how far, the profit lays if the price were to be manipulated. I have stated this time and again! So I guess the price didn't get there because there was not enough profit/liquidity for them to fill their short orders up there to warrant taking the price up there. Had they done so under such conditions, other smart traders would have loaded up on shorts, which the MMs would have had to take the long side of! That would not have been good for these thieving Robber Bank MMs, so they didn't take the price up there.

Question #2

Okay, one more time,.....no matter how sure we are of how price will move next,......we cannot know how the MMs will move price next! Got it now? Price could have bounced up at that point!
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  • #77,778
  • Nov 26, 2014 6:39pm Nov 26, 2014 6:39pm
Update on UJ

Prices are going lower in Asian session, not going to add shorts due to overstretching of current positions. Prices got rebounded off previous low half number of 117.50, seems to be retesting that level. Will attempt to close a few positions since there's a rejection in that area and might see a bull run into Firday, considering the high activity bars in climax bear bars over the last 3 days, signifying possible stopping volume.

Taking the cautious route here, no more rash acts
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  • #77,779
  • Nov 26, 2014 6:50pm Nov 26, 2014 6:50pm
Quoting traderathome
{quote} wccmcd, Question #1 How many times does it have to be said? We cannot know how the price will move next! Okay?! We know the MMs study the queue to see in which direction, and how far, the profit lays if the price were to be manipulated. I have stated this time and again! So I guess the price didn't get there because there was not enough profit/liquidity for them to fill their short orders up there to warrant taking the price up there. Had they done so, other smart traders would have loaded up on shorts, which the MMs would have had to take...
Okay. so it means even the MM doesn't know which direction to go -- it all depends on the amount of orders in queue. If there are more long orders, they go short; and if there are more short orders in queue, they will go long. But if this is true, how do they manipulate the price direction? Do they have a plan, or they don't, just float with the order wave？
  • #77,780
  • Nov 26, 2014 7:03pm Nov 26, 2014 7:03pm
Quoting traderathome
GBPJPY Short Trade Open: Scout entries. In recent days the MMs have repeatedly pushed the price to the upper whole number. Today they pushed the price up again, but not quite to it. This could be a sign that there remain no sucker long pending orders up there for the Robber Bank MMs to trigger in order to get the liquidity to fill their own short orders. The drive up today may have been to stop hunt shorts, the alternative the thieving MMs have to enlarge their short positions. Certainly, this is speculation predicated on the Robber Bank MMs being...
GBPJPY Short Trade Closed:

Closed for gain of 33.1 pips average, 264.6 pips total.

Taking profit here and will wait to see how things set up again.
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