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Sonic R. System

  • #78,281
  • Jan 6, 2015 6:41pm Jan 6, 2015 6:41pm
Quoting traderathome
{quote} How can we know what to do, when we know that we cannot know anything for sure? You are asking me if, for example, a Scout short is red and a classic long forms up, which would I have confidence in. Frankly, it would depend on everything I could assess from the chart at the time. And even then I could not know how price will move next. The scout could be closed and later we see it should not have been. Or, it could be kept open.....wait and see.....and later we see it should have been closed. Your question goes to the dilemma all traders...
  • #78,282
  • Edited 10:05pm Jan 6, 2015 9:27pm | Edited 10:05pm
Quoting forexTN14
{quote} {image} if someone is still in the trade, HOLD the short till 0.77, i close the wrong trade ... total + 800 pips
NZDUSD:

forexTN14,

This might be remaining bullish. H1 and M30 have Dragon above Trend with H1 Dragon still nicely angled up. M15 shows Dragon approaching Trend, but also still above it. And with the notable volume below the half number when the AS MMs moved the price down there today, we have a current PVSRA indication of bulls.

The MMs might have simply retraced the last bull mini-swing in order to reload long ahead of a passel of releases, and a higher move up.

Do you still hold to the bearish view, and if so, could you elaborate a little more about why?

BTW, that chart you posted is cleaner.
Attached Image (click to enlarge)
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  • #78,283
  • Jan 6, 2015 10:40pm Jan 6, 2015 10:40pm
opened and closed AUD/USD Long Scout +516p total
opened Short Scout AUD/USD
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDUSDM1-070115oc.png Size: 121 KB
  • #78,284
  • Edited 11:11pm Jan 6, 2015 11:00pm | Edited 11:11pm
Quoting leentjai
opened and closed AUD/USD Long Scout +516p total opened Short Scout AUD/USD {image} {image}
leentjai,

I could be wrong about what I am about to say. I do not wish to speak out of turn, either. So, read this or not, and if you do, mind it or not. I just want to help.

Very very late in the last US session the MMs suddenly whack the price down thru the whole number to MS1. And aside from the volume required to push price down thru long orders at the whole number area, the entire move was otherwise on light volume! And this culminated a day involving a high volume push up thru the upper half number that was immediately followed by a notable volume selloff (PVSRA = bears).

Ask yourself, if the MMs were bears that were accumulating shorts at yesterday's highs, would they not want lower prices to close for profit. And it sure is possible they are closing their shorts now, as they range price well below the whole number. Which means they are not wanting to be bears for the coming releases! On the other hand, if they are bears, and wish to be bears for the coming releases, why ruin it for themselves by quickly forcing the price lower in after hours yesterday? They could have continued to support the price up there and continued to build short so as to make far more profits when they eventually would drive the price lower!

To me, this is like NU where it looks like the MMs knocked the price down - a retrace in an up trend - so as to load up more longs. The AU spike up at the top yesterday, followed by the after-hours move down, is just bull MMs in bear clothing for a profitable retrace that puts price lower, that puts the price where they want it for the ongoing accumulation of more long orders. And if this is true - if bull MMs went into temporary bear mode to lower the price and make profit doing so - so they can load up with even more longs, then we can bet the next move up will probably be a better one.

Okay, I am done. And remember, I could be totally wrong about this. Whatever you do, I hope it is profitable.

Sincerely,
-tah
  • #78,285
  • Jan 6, 2015 11:06pm Jan 6, 2015 11:06pm
What do u think guys.., is EURO/USD start for bullish?
In my opinion:
1) There is a double bottom on weekly chart.
2) On D1 chart, we can find the pin bar with climax volume- coming from half number on last monday, i think this is a sign of strenght.
3) On H1 chart there are at least two bars which indicated a strght coming in
4) On M15 chart there are at least two indication of strenght. the first bar is a wide spread bar with huge volume coming from below half number and close in the middle. MMS is bullish.
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"Bulls make money, Bears make money, but hogs get slaughtered"
  • #78,286
  • Edited 11:35pm Jan 6, 2015 11:21pm | Edited 11:35pm
Quoting Mauro-J
What do u think guys.., is EURO/USD start for bullish? In my opinion: 1) There is a double bottom on weekly chart. 2) On D1 chart, we can find the pin bar with climax volume- coming from half number on last monday, i think this is a sign of strenght. 3) On H1 chart there are at least two bars which indicated a strght coming in 4) On M15 chart there are at least two indication of strenght. the first bar is a wide spread bar with huge volume coming from below half number and close in the middle. MMS is bullish. {image} {image} {image}
EURUSD and GBPUSD

I agree. What bothers me - and why I have stayed away from both EU and GU since that drop - is the passel of high impact releases yet to come. My thinking is that all hell might be planned by the MMs,.....whacks and whips that could have price revisit lows, even lower prices, before a true drive up gets underway. You see, if this is to turn out as a major turning event for these pairs, the Robber Bank MMs will execute head fakes and stop hunts - back to back in succession - in order to create market liquidity for longs and profits for themselves. Until after that is all over with, all open positions with SLs are at risk. And open positions without a SL could put entire trading accounts at risk. I am standing down on these pairs until after the dust settles.

Am I crazy? Perhaps. I look at the sky and see really foul weather coming in, a possible Perfect Storm. I think I will venture out in my foul weather gear when it hits, and watch the spectacle while staying comfortably dry.

-tah
  • #78,287
  • Jan 6, 2015 11:27pm Jan 6, 2015 11:27pm
Quoting traderathome
{quote} leentjai, I could be wrong about what I am about to say. I do not wish to speak out of turn, either. So, read this or not, and if you do, mind it or not. I just want to help. Very very late in the last US session the MMs suddenly whack the price down thru the whole number to MS1. And aside from the volume required to push price down thru long orders at the whole number area, the entire move was otherwise on light volume! And this culminated a day involving a high volume push up thru the upper half number that was immediately followed by...
TAH Great Thank you .I closed my position in time + 10p total...
  • #78,288
  • Jan 6, 2015 11:42pm Jan 6, 2015 11:42pm
Quoting traderathome
{quote} EURUSD and GBPUSD I agree. What bothers me - and why I have stayed away from both EU and GU since that drop - is the passel of high impact releases yet to come. My thinking is that all hell might be planned by the MMs,.....whacks and whips that could have price revisit lows, even lower prices, before a true drive up gets underway. You see, if this is to turn out as a major turning event for these pairs, the Robber Bank MMs will execute head fakes and stop hunts - back to back in succession - in order to create market liquidity for longs...
Many thanks for the repaly TAH. That is very helpfull to make a decision "jump or waiting". Lets see, what the Robber Bank next step....

"Bulls make money, Bears make money, but hogs get slaughtered"
  • #78,289
  • Edited Jan 7, 2015 12:03am Jan 6, 2015 11:52pm | Edited Jan 7, 2015 12:03am
USDCAD and Market Comment

This pair is at a significant high. Look for yourself Month charts down to M15 chart! The Robber Bank MMs will probably push the price above the half number, but that might not be the end of it! There is a passel of high impact release yet to come this week. When all is said and done, before the MMs start this lower they might take the price to the upper whole number/RWH. And before the MMs start such pairs as EU and GU back higher, the MMs might take their prices to new lows!

A Storm could be brewing. Seasoned top an bottom pickers might enjoy this, especially if they recently opened more new demo accounts! The rest of us might consider keeping our powder dry.

-tah
  • #78,290
  • Edited 12:23am Jan 7, 2015 12:11am | Edited 12:23am
EURCAD:

Sonikers,

For those of you who don't worry about keeping your powder dry because your new Kracker Jack box Flash Gordon ray blaster works in foul weather, set your sights on this one!

Big buying yesterday up off the whole number. Market opens today with spike back down to same area, triggering shorts for liquidity so the MMs can get more long orders filled.

Now, of course, we cannot know how the price will move next, but it does look like the MMs have been building long between the whole numbers.

-tah
Attached Image (click to enlarge)
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  • #78,291
  • Jan 7, 2015 1:14am Jan 7, 2015 1:14am
Quoting traderathome
{quote} EURUSD and GBPUSD I agree. What bothers me - and why I have stayed away from both EU and GU since that drop - is the passel of high impact releases yet to come. My thinking is that all hell might be planned by the MMs,.....whacks and whips that could have price revisit lows, even lower prices, before a true drive up gets underway. You see, if this is to turn out as a major turning event for these pairs, the Robber Bank MMs will execute head fakes and stop hunts - back to back in succession - in order to create market liquidity for longs...
Comment on GBPUSD and EURUSD
Both of them, yesterday is bearish. Today, with asia session open, and big spring from US session last night with stophunt, it might be bullish. But, once again, follow the MM intent by volume. If, they drive price higher and tick size wildly up, dragon up, sneak for classic. But then how, if MM whip it lower, cut faster, watch the enthusiasm level again. Jump again. Every setup that failed, got to be cut faster then the succeeded one. Grab the pips which market provided today, while maintaining our asset by cut the red fast. Don't worry with loss, cut it fast, make yourself fight longer with MM, you always can do it because it's only a loss. All of you Soniker, that have accomplished homework on page 1, do you remember the four step? Trust the dragon, trust the system, trust yourself, you cut the red as easy as you fold the green. I'm here giving you the detailed step inside those 4 step. The stop hunt will be followed by the real move, if the stophunt is valid, but if is not, fold faster.

And, anything is possible, nothing Impossible. EURUSD become USDEUR, of GBPUSD become USDGBP, it all possible. Be prepare fight with the worst condition, and fight longer by protecting our asset.

-GP-
It's all started from page one
  • #78,292
  • Jan 7, 2015 1:22am Jan 7, 2015 1:22am
i think this is reset candle..might be bullish after this..comment pls
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroM15.png Size: 45 KB
FXerha
  • #78,293
  • Jan 7, 2015 1:29am Jan 7, 2015 1:29am
Quoting FXerha
i think this is reset candle..might be bullish after this..comment pls {image}
Out of Compliance Post

Please edit your post to delete the attached downsized chart and to attach full size chart, as instructed in Post #1.
Attached Image
  • #78,294
  • Jan 7, 2015 1:52am Jan 7, 2015 1:52am
Tah

a question : is it possible to get the US dollar index chart on Mt4 ?

thanx
  • #78,295
  • Jan 7, 2015 2:09am Jan 7, 2015 2:09am
ok man, will do next time.
  • #78,296
  • Edited 2:30am Jan 7, 2015 2:12am | Edited 2:30am
Quoting hmatar
Tah a question : is it possible to get the US dollar index chart on Mt4 ? thanx
Dollar Index.....Worthless!

I do not know of any spot forex broker that includes it on MT4, and probably because it is not an equity for trade. No trader should need it, though.

Some folks think everything changes based on it, when in fact it changes, just like everything else does, based on some other and particular "reason". And things might not change as you would expect them to, based on the USD Index. Wise traders learn to ignore all the noise and focus on the chart of what they are trading, because in the final analysis the only thing that matters is what the MMs do with the price of what you are trading. It is their call and they make it in their own and different ways on different equities and currency pairs.

Don't think this business is easy and straight forward. It isn't. Learn to focus on your chart and shut the rest of the noise from the world out. Learn to do that and the odds improve for your success.

-tah
  • #78,297
  • Jan 7, 2015 2:22am Jan 7, 2015 2:22am
Quoting traderathome
{quote} Yeah,.....easy for you to say, sitting there with your green bottle of spirits! {image}
and a CIGAR of course......

Regards,
Cigarguy
Keep It Simple
  • #78,298
  • Jan 7, 2015 2:44am Jan 7, 2015 2:44am
EURCAD Long Trade Open:

M15 setup. I posted on this earlier. I entered then, and when the MMs next ran a stop hunt, and now while the LS MMs pull the price back down. This looks like a decent possible trade today. More stop hunts might come, though. No TP/SL at this time, but the RDH/upper half number area looks reasonable for a target.
Attached Image (click to enlarge)
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  • #78,299
  • Jan 7, 2015 4:20am Jan 7, 2015 4:20am
UJ scalp +31.5 bounce from quarter number support entry was a little late but OK!

Regards,
Cigarguy
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Keep It Simple
  • #78,300
  • Jan 7, 2015 4:21am Jan 7, 2015 4:21am
AUDUSD:

Sonikers, this is very possible......

For one thing, the MMs are supporting the price, which they sometimes do to coax longs in. But, you can see they have left room for their stop hunt of these longs!

For another thing, if the MMs were not planning on a bull swing later, if they were bears and not bulls, then why would they drop the price on themselves in after hours trading yesterday when they could have supported the price and continued building short? No, they are bulls, not bears. That is why they dropped the price, but not all the way. They have left room to execute their stop hunt of the longs.

How I see it,
-tah
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