Perfect trading day 100% success in 5 trades. 5 pullbacks total +238 pips USDJPY +37pips USDCHF +54pips USDCAD +47 pips GBPUSD +45 pips EURUSD +55 pips Demarko{image} {image} {image} {image} {image}
- #79,781
- Mar 12, 2015 8:06am Mar 12, 2015 8:06am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
- #79,783
- Mar 12, 2015 9:50am Mar 12, 2015 9:50am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #79,784
- Mar 12, 2015 10:22am Mar 12, 2015 10:22am
{quote} Price Manipulation by MMs - How the Market Works first - price only focus template, second - Sonic R. template Previous movement : Bear's run for profit {image} {image} Bear MMs push the price up to suck in longs, build liquidity for themselves to load more shorts {image} {image} the further run for profit. important consequence: price always move back to recurrent level {image} {image} to be continued...
first - price only focus template, second - Sonic R. template
On this pic. we can see another example of market manipulation. "Pump and Dump" like said TAH. MMs push price down to suck in shorts...while they load own longs
and then MMs "destroys" all short traders by their run for profit about 1000 points
to be continued...
- #79,785
- Mar 12, 2015 10:57am Mar 12, 2015 10:57am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
GBPUSD
Sonikers,
This is making a Double Bottom. Technically and speculatively speaking, we can consider the move up off the first lows as "buying to finish closing shorts". We can consider the ranging after that move up as being the MMs manipulating the price up and down to coax in longs for future stop hunting. And we can consider the move down again now as a stop hunt of those longs. It is all about the thieving MMs getting liquidity to fill their own orders and the commission generating orders of big players, which might be going on now....the filling of "buy to open longs" orders, after already having completed the "buy to close shorts" orders.
There certainly is no recommendation to pick a bottom for trading this long. We cannot know how the MMs will move price. What we want is a Classic setup.....something that indicates genuine market momentum to carry the trade. This, I think, is one to be stalking for a Classic long setup. But this is problematic with only one day left in the week, because a Friday Classic off such lows as these just does not have long to run. Next week would be a better time for this. Just a thought.
Sonikers,
This is making a Double Bottom. Technically and speculatively speaking, we can consider the move up off the first lows as "buying to finish closing shorts". We can consider the ranging after that move up as being the MMs manipulating the price up and down to coax in longs for future stop hunting. And we can consider the move down again now as a stop hunt of those longs. It is all about the thieving MMs getting liquidity to fill their own orders and the commission generating orders of big players, which might be going on now....the filling of "buy to open longs" orders, after already having completed the "buy to close shorts" orders.
There certainly is no recommendation to pick a bottom for trading this long. We cannot know how the MMs will move price. What we want is a Classic setup.....something that indicates genuine market momentum to carry the trade. This, I think, is one to be stalking for a Classic long setup. But this is problematic with only one day left in the week, because a Friday Classic off such lows as these just does not have long to run. Next week would be a better time for this. Just a thought.
- #79,786
- Mar 12, 2015 11:14am Mar 12, 2015 11:14am
I have given myself an intervention:
One of the goals that I have with the Sonic System is to stop counter trend trading and picking tops and bottoms. In the attached 15 and 4 hour charts of the GBPUSD you can see a double bottom formation at the whole number. Could this reverse? yes. The problem for me is that any trade must work harder to reverse the existing trend established by the dragon and trend EMA. The larger danger is to add to an existing red trade. When you average down/up you have doubled the risk on an already red trade with the hope of exiting the trade at break even or small profit. The Classic Sonic trade works; why make trading harder. Comments appreciated 
One of the goals that I have with the Sonic System is to stop counter trend trading and picking tops and bottoms. In the attached 15 and 4 hour charts of the GBPUSD you can see a double bottom formation at the whole number. Could this reverse? yes. The problem for me is that any trade must work harder to reverse the existing trend established by the dragon and trend EMA. The larger danger is to add to an existing red trade. When you average down/up you have doubled the risk on an already red trade with the hope of exiting the trade at break even or small profit. The Classic Sonic trade works; why make trading harder. Comments appreciated
- #79,787
- Mar 12, 2015 11:16am Mar 12, 2015 11:16am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #79,788
- Edited 12:15pm Mar 12, 2015 11:45am | Edited 12:15pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
I have given myself an intervention: One of the goals that I have with the Sonic System is to stop counter trend trading and picking tops and bottoms. In the attached 15 and 4 hour charts of the GBPUSD you can see a double bottom formation at the whole number. Could this reverse? yes. The problem for me is that any trade must work harder to reverse the existing trend established by the dragon and trend EMA. The larger danger is to add to an existing red trade. When you average down/up you have doubled the risk on an already red trade with the hope...
Clk55,
I whole heartily agree with you. I need intervention myself. Let's do it!
Sonikers, Clk55 has made two important points here: it takes more (by the MMs) to reverse trends than to continue them, and adding to a "red" trade can be an account killer, especially if your trade is against the trend!
The Sonic R. System is all about MARKET MOMENTUM WHEN THE MARKET NORMALLY HAS THE MOST OF IT......DURING THE LONDON SESSION. We use the angle of the Dragon as an indicator of momentum. We use any episodes of suddenly increasing volume during the PA wave and properly placed within it, as an indicator of momentum. And we use the PA wave itself; where it is in relationship to key S&R and the shape and texture of it (smooth, spread out and crossing a well angled Dragon) as a measure of momentum. And when a Classic setup is like this, we have a good shot at making profit.
What we all probably need some intervention, and that includes coming to the realization that trading the Sonic R. System is as much about patiently waiting for a proper setup as it is learning what a proper setup is. They don't come every day on every pair. Some days you won't find any at all! The market is always in a state of flux.....sometimes handing out Classics like there is a Fire Sale on them,.....but sometimes not letting us have a single one, and tempting us to take what the market gives, instead. As you can appreciate, adhering to what you've learned thru all the "fluxing" of the market, is an important skill to being successful. Some days we trade and some days we don't. We don't "...trade what the market gives...." We trade our setup and we wait for the market to give it to us. It is called "PATIENCE".
Please, remember that these are what is needed to be a successful trader:
1. An elegantly simple and effective trading system
2. Money to trade with
3. Patience (stalking)
4. Discipline (managing)
-tah
- #79,789
- Edited 1:51pm Mar 12, 2015 12:28pm | Edited 1:51pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ, quick M15 scalp +5.4 dragon and 89 EMA headed up break of 121.250 and pivot, only set 5 pip TP and 1 lot near LC. Entry was late just saw the pair.
Edited; posted wrong chart not showing pivot.
Edited; posted wrong chart not showing pivot.
Keep It Simple
- #79,792
- Mar 12, 2015 1:46pm Mar 12, 2015 1:46pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
GPPJPY: Classic of the Day
And, I bet most of us missed it. I did.
And, I bet most of us missed it. I did.
- #79,794
- Mar 12, 2015 2:01pm Mar 12, 2015 2:01pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GPPJPY: Classic of the Day And, I bet most of us missed it. I did.
Keep It Simple
- #79,795
- Edited 2:13pm Mar 12, 2015 2:02pm | Edited 2:13pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
USDCAD
Some reasoned speculation-
Sonikers, the MMs are supporting this above the whole number, which could mean they are bears attempting to suck in longs for liquidity to fill their own short orders and the short orders of big players. We know that the MMs prefer to short above key S&R. The high volume at the lows in conjunction with the price spike below the half number is, I think, a true sign that the MMs "stopped the drop". And this might have been done because big player shorting orders started appearing on the price queue above the upper whole number, and the MMs wanted to get the price back up to fill them.
Note the USD and the CAD high impact releases coming tomorrow. They could be another reason the MMs have stopped the drop and pushed the price back up. There is no sense in wasting the down side move planned. It is better to stop the drop and make the PA look bullish again.....deceive more longs into the market.....use that new, additional liquidity to build an even larger short position.
This is not a recommendation to pick a top for shorting. It is simply to alert you to a possibility this pair has good down side coming, and to stalk for a Classic short setup.
-tah
Some reasoned speculation-
Sonikers, the MMs are supporting this above the whole number, which could mean they are bears attempting to suck in longs for liquidity to fill their own short orders and the short orders of big players. We know that the MMs prefer to short above key S&R. The high volume at the lows in conjunction with the price spike below the half number is, I think, a true sign that the MMs "stopped the drop". And this might have been done because big player shorting orders started appearing on the price queue above the upper whole number, and the MMs wanted to get the price back up to fill them.
Note the USD and the CAD high impact releases coming tomorrow. They could be another reason the MMs have stopped the drop and pushed the price back up. There is no sense in wasting the down side move planned. It is better to stop the drop and make the PA look bullish again.....deceive more longs into the market.....use that new, additional liquidity to build an even larger short position.
This is not a recommendation to pick a top for shorting. It is simply to alert you to a possibility this pair has good down side coming, and to stalk for a Classic short setup.
-tah
- #79,797
- Mar 12, 2015 3:13pm Mar 12, 2015 3:13pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #79,799
- Mar 12, 2015 8:48pm Mar 12, 2015 8:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #79,800
- Edited Mar 13, 2015 12:21am Mar 12, 2015 11:21pm | Edited Mar 13, 2015 12:21am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
