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Sonic R. System

  • #78,481
  • Edited 8:17pm Jan 13, 2015 8:06pm | Edited 8:17pm
Quoting traderathome
NZDJPY Short Trade Open: M5/M15 setup, but at end of LS. Yet, it looks very bearish. Time will tell. No TP/SL at this time. {image}
NZDJPY Short Trade Closed:

Closed for gain of 73.8 pips average/total.

Inasmuch as price is again in area of lows, and without knowing how price will move next, I decided to take profit here and wait to see what happens. At this time in the AS the MMs have brought all the JPY pairs back to lows. This "basing" might be the prelude to bullish swings planned by the MMs for these pairs. Cannot know. But currently, all the JPY pairs should still be considered bearish until the Dragon and PA show otherwise.
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  • #78,482
  • Jan 13, 2015 8:35pm Jan 13, 2015 8:35pm
aus/usd short trade closed
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  • #78,483
  • Edited 10:32pm Jan 13, 2015 8:52pm | Edited 10:32pm
Yesterday's USDJPY short turned out to be a winner, returning with 90+ pips by now. A pity I closed mine out, but time to move on to the next trade.

USDJPY seems to be on a downward trend, with MMs sucking in shorts with fake bounces off quarter and half numbers, as seen from yesterday's NY session.

A possible scenario of USDJPY reaching back to 113/114 to capture the SLs of long term longs who went long at 1/11/2014 after the gigantic bar up, but it is also completely possible for the price to rebound off the Dragon currently and reach for 121, since there is a decreasing of bearish volume on the D1 bars. Time will tell. For now I am a very cautious bull, due to possible increasing of interest rates in April MMs might be willing to push prices upwards to get ready for the big shock come April.

-tjinhean

EDIT: Scout long entered @ 117.456, testing hitting of daily range. My TP range is around th M15 or H1 dragon, or when there are signs of reversal coming.

EDIT2: closed out remaining half position at -3 pips ave, -6 pips total. Bounce off half number
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  • #78,484
  • Jan 13, 2015 9:25pm Jan 13, 2015 9:25pm
i'm selling on USDJPY..
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  • #78,485
  • Edited 10:47pm Jan 13, 2015 10:26pm | Edited 10:47pm
Choose the right pair to trade

Yen pairs wise, during the Japanese session they tend to move in pretty much the same manner, and the day range trade I took above was closed out half at break-even due to the playing around with the half number of 117.50. Whilst I suffered a drawdown of around 10+ pips a look at the GBPJPY pairs however sees a bounce off a quarter number 177.75 and went on and did a +30 pips run while I was having a similar drawdown. Proves how critical is it to cross-examine pairs and determine whether a clutch currency is behaving, in this case JPY in all the major JPY pairs.

Below are the M1 charts for USDYEN and GBPYEN to illustrate my point. Just some observations....

Update: 177.750 held again! amazing
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  • #78,486
  • Edited 5:06am Jan 14, 2015 1:50am | Edited 5:06am
GBPUSD: final stop hunt before the big breakout with news tonight

Price will probably bounce off the top and go back down for a final stop hunting (green zone) before pushing upwards, with the two hammers on D1 charting accompanying good volume will finally rocket the price out of the range.

EDIT: Shake out of shorts, to induce longs in order to shake out later already in place with the 2 hours before London open,, now for a shake out of shorts before our rocket tonight. Cunning MMs, once you know what they're doing it's just like reading a book
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  • #78,487
  • Edited 5:11am Jan 14, 2015 4:33am | Edited 5:11am
Quoting tjinhean
GBPUSD: final stop hunt before the big breakout with news tonight Price will probably bounce off the top and go back down for a final stop hunting (green zone) before pushing upwards, with the two hammers on D1 charting accompanying good volume will finally rocket the price out of the range. {image}
EU and GU

I tend to agree with tjinhean on GU, and I think the same applies to EU, also, because for both pairs the LS volume so far has definitely favored lows.

And NU is a good example for all these xxxUSD pairs. Not only have each of the lows today been marked with increased volume, but look at the intensive trading in the LS as the MMs worked the price below the 3/4 level. This definitely bullish. All the xxxUSD pairs show signs of the bull.

This does not mean prices won't go lower again. The probably will, because it is the strategy of the Robber Bank MMs to support price at higher levels to suck in right side traders and later whack the price to deceive wrong side traders to come in and to hit the stops on right side traders. This is how these Robber Bank MMs steal money and make their profits.

-tah
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  • #78,488
  • Jan 14, 2015 5:11am Jan 14, 2015 5:11am
AUDUSD short trade opened
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"Bulls make money, Bears make money, but hogs get slaughtered"
  • #78,489
  • Jan 14, 2015 6:48am Jan 14, 2015 6:48am
GBP/USD ,stop bulls out? in a mess
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  • #78,490
  • Jan 14, 2015 7:13am Jan 14, 2015 7:13am
Quoting lzhcz
GBP/USD ,stop bulls out? in a mess {image}
GU and All xxxUSD Pairs

They all look bullish, but GU has had the least pull back of any of them, and so is the least attractive pair for trading long at this time,.....how I see it. Now, if the MMs execute a whopping Whacker Stop Hunt of longs - a sudden and deep pull back, maybe to RDL area - that could change things.

-tah
  • #78,491
  • Jan 14, 2015 7:14am Jan 14, 2015 7:14am
Quoting traderathome
{quote} GU and All xxxUSD Pairs They all look bullish, but GU has had the least pull back of any of them, and so is the least attractive pair for trading long at this time,.....how I see it. -tah
I am still looking at GU due to the 2 hammers on D1 chart..... too attractive to pass up, might signify a bull run back to 1.57 region. Meanwhile EU immediately takes off..... I am still not in the market until after Carney speaks.
  • #78,492
  • Jan 14, 2015 7:29am Jan 14, 2015 7:29am
Quoting tjinhean
{quote} I am still looking at GU due to the 2 hammers on D1 chart..... too attractive to pass up, might signify a bull run back to 1.57 region. Meanwhile EU immediately takes off..... I am still not in the market until after Carney speaks.
yeah ,i am still watching ,in my thought, G/U will be pulling back to 1.51
  • #78,493
  • Edited 7:51am Jan 14, 2015 7:38am | Edited 7:51am
A case of inaction: staring at classics

When chances are staring right in your face, you just got to take it. Was too eager to wait for the stop hunt that never came, and now I just have to settle for a re-entry. Overall direction was correct, but sometimes the hunts don't come. Let's see wha Carney rbings with him later at 10.15 GMT+8

Edit: +100pips now. what a waste :<
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  • #78,494
  • Edited 7:58am Jan 14, 2015 7:39am | Edited 7:58am
aud/nzd short trade opened and closed
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  • #78,495
  • Jan 14, 2015 7:50am Jan 14, 2015 7:50am
Sonikers,

Did any of you experience platform lockup when the USD releases hit?
  • #78,496
  • Jan 14, 2015 7:52am Jan 14, 2015 7:52am
Quoting traderathome
Sonikers, Did any of you experience platform lockup when the USD releases hit?
Nope not my platform just my brain........ Maybe time for a broker change

Regards,
Cigarguy
Keep It Simple
  • #78,497
  • Jan 14, 2015 7:56am Jan 14, 2015 7:56am
TAH, i had no problem.

ty, regards
  • #78,498
  • Jan 14, 2015 8:08am Jan 14, 2015 8:08am
Quoting cigarguy
{quote} Nope not my platform just my brain........ Maybe time for a broker change Regards, Cigarguy
Brain lockup is real... missed that long GU... shall not chase the price and wait for a retracement
  • #78,499
  • Jan 14, 2015 8:12am Jan 14, 2015 8:12am
No lock up on XM, for a change!
Locked in profits on the two trades i have going EURUSD & GBPUSD as i am finished for today, which has been great with all your help, a good learning day. :-)
  • #78,500
  • Jan 14, 2015 8:16am Jan 14, 2015 8:16am
Quoting tjinhean
{quote} Brain lockup is real... missed that long GU... shall not chase the price and wait for a retracement
Yes and can easily be seen/managed by dropping down to M1 charts..

Cigarguy
Keep It Simple
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