I opened the Long Scout AUD/USD
Attached Image (click to enlarge)
Hi all,
First post here - hope I am on the right track. This is my analysis of EJ from my demo account.
15min:
5min: *correction - the text should say MM's wack price higher*
I have pending short orders set for candle to break the most recent low. SL has lots of room to move as it's set a recent high.
Two positions - taking first at nearest S/R, second will let run and move SL to BE.
Appreciate any help/feedback from anyone - am still reading through this massive thread and learning
First post here - hope I am on the right track. This is my analysis of EJ from my demo account.
15min:
5min: *correction - the text should say MM's wack price higher*
I have pending short orders set for candle to break the most recent low. SL has lots of room to move as it's set a recent high.
Two positions - taking first at nearest S/R, second will let run and move SL to BE.
Appreciate any help/feedback from anyone - am still reading through this massive thread and learning
Hi Sonicers , Just curious about the lot pip . For currency pairs I know that the lot pip means that for 1 lot size , 1 pip movement equals to $XX.XX ( as indicated on the screen ) . What about if I'm trading gold / oil / stock ???
TAH would be so mad at you! Open a demo account and check for yourself...only post trades- taken according to post #1I'm with you forexTN14. Entered a USD/CAD scout based MR1.
- #77,848
- Edited 11:36am Dec 1, 2014 4:28am | Edited 11:36am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hi all, First post here - hope I am on the right track. This is my analysis of EJ from my demo account. 15min: {image} 5min: *correction - the text should say MM's wack price higher* {image} I have pending short orders set for candle to break the most recent low. SL has lots of room to move as it's set a recent high. Two positions - taking first at nearest S/R, second will let run and move SL to BE. Appreciate any help/feedback from anyone - am still reading through this massive thread and learning
Ivanyo,
Please, per our Post #1 posting etiquette, show the Access Panel in your posted charts! Failure to do so can get you banned from posting. Sonicers are supposed to be considerate of others and make sure their posted pictures contain all the important information in clear and easy to see format, as our provided template assures.
As for the analysis, be careful about pre-LS analysis, as things can easily and often change once the LS gets underway, and which is why we recommend only trading the LS. This does look bearish, but the incoming US MMs might take the price back up for themselves to acquire shorts in the same price area, or higher, than the other MMs have so far done. The week is just beginning, and we must be cautious about the MMs maybe just positioning prices for moves later in the week. If the MMs are building short, they could take this much higher before starting a bear Run for Profits.
-tahEdit (about six hours later): As you can see, this is now starting to look bullish due to higher lows today, with the MMs controlling the highs from getting too high, while they accumulate long orders. If this goes up later, it will prove the point that first of week PA is often deceptive as the MMs manipulate price to load up on positions they will make a profit on once they further manipulate the price to where they really want it to be for them to load up for larger runs for profit they will later execute via more price manipulation!
.......funny, yes. But also very true.
- #77,849
- Dec 1, 2014 5:16am Dec 1, 2014 5:16am
- | Commercial User | Joined Mar 2008 | 9,075 Posts
Happy Birthday.. Professor TAH...
Cheers,
Sonic
Cheers,
Sonic
- #77,852
- Dec 1, 2014 5:40am Dec 1, 2014 5:40am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #77,853
- Dec 1, 2014 5:46am Dec 1, 2014 5:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Happy Birthday.. Professor TAH... {image} Cheers, Sonic
{quote} Many more happy returns of the day Professor TAH. May God bless you! Have a great day & wonderful year ahead!
Sonic, my dear friend, and all Sonciers, thank you for your kindness on this, my birthday (not saying how old I am though)!
May we all enjoy the approaching holidays, with extra caution on any trading, and be more profitable in the coming New Year!
This cake looks positively scrumptious!
Sincerely,
-tah
- #77,856
- Dec 1, 2014 6:16am Dec 1, 2014 6:16am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #77,857
- Dec 1, 2014 6:18am Dec 1, 2014 6:18am
{quote} {quote} Dear Team SonicR, Sonic, my dear friend, and all Sonciers, thank you for your kindness on this, my birthday (not saying how old I am though)!
Where do the Robber Bank MMs to placing their own bets on
- #77,859
- Dec 1, 2014 7:53am Dec 1, 2014 7:53am
{quote} {quote} dear team sonicr, sonic, my dear friend, and all sonciers, thank you for your kindness on this, my birthday (not saying how old i am though)!
- #77,860
- Edited 10:52am Dec 1, 2014 10:28am | Edited 10:52am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Early Christmas Present Sonicers, Take a look at NZDUSD. Let me bring your attention to analysis of volume. You will note that for each of the three highlighted PA periods activity first rises as price begins the descent to lows , followed by somewhat less activity at the lows, followed by a rise in activity as price comes back up off of the lows. Here is the explanation of what is happening. The initial rise in activity is due to the MMs flooding the queue with sequentially lower prices of sufficient volume to force the price to start going down....
Sonicers,
The very bullish price/volume activity continues to repeat itself, appearing two more times just today! Not only that, but don't you think the degree of activity overall is quite notable considering this is the first day of the week? And now price is at the upper trend line. RWH marks the middle of the minimum target area for this, but PA could return to the 0.8250 area because on the Week chart we can clearly see the ranging areas and a Diamond Pattern indicating the possibility of a reversal.
Where else is the market revealed the way it is here, on the Sonic R. System thread?!
-tah
