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Sonic R. System

  • #81,301
  • May 14, 2015 4:33am May 14, 2015 4:33am
Quoting Mauro-J
Long trade GU opened. this long order based on some signs: PA with high volume activity occured below half number in sometimes. ​Dragon angle keep up about 2 oclock, n on the last PA MMs seems to absorbed more liquidities below quarter number 1.57750 - the last bar closed above dragon as support. Maybe its just oportunity execution on longs before MMs show more clearly stop hunt to close their longs and stop building short. Above whole number 1.68000 would be excited for SM order on the highs. Lets market shows us, this dance will end on red...

GBP/USD Long trade closed...
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"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,302
  • May 14, 2015 4:36am May 14, 2015 4:36am
Quoting Mauro-J
{quote} GBP/USD Long trade closed... {image}
Excellent trader, rich and lucky at the same time- deadly for MM's!

[quote=Fisher755;8262032]{quote}
Quoting traderathome
GBPUSD Alert! Has reached significant level. Has been pushed up all week. DAY chart shows it has been pushed up for almost two weeks now without a DAY chart retrace. Be careful. {image} GBPUSD Short Trade Open: PVSRA based. The last two long low volume candles I see as DM "buying high". {image}
EDIT: GBPUSD Short Trade closed. A pip is a pip and I can wait for Sonic R classic. Sure they can bring up more times..
Attached Image (click to enlarge)
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PVSRA
  • #81,303
  • Edited 4:52am May 14, 2015 4:40am | Edited 4:52am
USDCAD Alert!

Looks like the MMs might have loaded up with shorts without breaking low thru the support area. And, with intent while doing so, to sucker in longs for the liquidity they needed to keep building short as they raised the price up thru the half number. Now they are bringing the price back down.

We have stacking now whenever the price drops below the Dragon, but the US session tends to covet the same or higher highs for most current shorting as had the AS and LS MMs. So, price could go back up to/above the half number today. If that happens then we may see the Trend, Dragon and PA all converge in the half number area before price drops and the separation between the stacked items increases again, all of course assuming the bearish trend continues.

Prognosis, if this is all correct, is a break low thru the support area.
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  • #81,304
  • May 14, 2015 4:41am May 14, 2015 4:41am
Quoting Fisher755
{quote} Excellent trader, rich and lucky at the same time- deadly for MM's!
Just ride the dragon, PVSRA for the vision - so the dragon we ride not misguided ...
"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,305
  • May 14, 2015 4:51am May 14, 2015 4:51am
Quoting traderathome
USDCAD Alert! Looks like the MMs might have loaded up with shorts without breaking low thru the support area. And, with intent while doing so, to sucker in longs for the liquidity they needed to keep building short as they raised the price up thru the half number. Now they are bringing the price back down. We have stacking now, but the US session tends to covet the same or higher highs for most current shorting as had the AS and LS MMs. So, price could go back up to/above the half number today. Prognosis, if this is all correct, is a break low thru...
Tah,
I agree with you, but just in case "the scenario" does not play out,there is a high posibility they will bring it below the half level again.
(Will be my TP1 out of 2 if such a setup apears.)
PVSRA
  • #81,306
  • May 14, 2015 4:55am May 14, 2015 4:55am
[quote=Fisher755;8262141]{quote} Excellent trader, rich and lucky at the same time- deadly for MM's!
Quoting Fisher755
{quote} {quote} EDIT: GBPUSD Short Trade closed. A pip is a pip and I can wait for Sonic R classic. Sure they can bring up more times.. {image}

hello fisher,

may i know what app you use for that chart?

thanks
  • #81,307
  • Edited 5:16am May 14, 2015 5:00am | Edited 5:16am
[quote=hapoy;8262183]
Quoting Fisher755
{quote} Excellent trader, rich and lucky at the same time- deadly for MM's! {quote} hello fisher, may i know what app you use for that chart? thanks
Hapoy,
it is a "Painter". (Or a "Drawer", not sure, in Slovenian language it's called "Slikar")
PVSRA
  • #81,308
  • May 14, 2015 5:07am May 14, 2015 5:07am
Quoting traderathome
AUDUSD Short Trade Open: This trade is opened with entries based in part on PVSRA and in part on our "stacking" requirements for a setup using the M5 time frame chart. No TP/SL at this time. PVSRA shows the run above the half number with increased volume, which could be an initial sign of bears, as in maybe the MMs began closing longs and opening shorts once they first achieved the lower whole number (yesterday) and continued to push the price up thru this half number level. "Stacking" does not appear on M15, but it seems to be impending on the...
AUDUSD Long Trade Open:

We have sad and only partial stacking on M15; Trend flat, Dragon above Trend but angled down, and PA which is not yet back above the Dragon. So, this trade is based on what I perceive as the MMs having finished farting around at the lows below the whole number, and perhaps ready to move the price back up. A move up will reset the price high for another move down, or it will be the finish of a retrace down in the uptrend and price will go even higher. Either way, the first logical TP would be the half number area. Time will tell.
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  • #81,309
  • Edited 6:02am May 14, 2015 5:35am | Edited 6:02am
A Sonic Classic Trade (well, almost, only thing missing the the 89 ema condition). But we are at the top of the H4 channel with good H4 bear strength at resistance.

Trade management: So I'm dividing up my firepower based on 1.75% total risk, and placing them above my first entry expecting a stop loss hunt. The RR is from 1.2 to 2.6 based on how many eps gets triggered. Don't know where the market will go, but let's see how this plays out.

Tah, I know I'm against your trade but couldn't resist a pull back to from a classic at resistance level:
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I won't look for Longs on this pair until a retrace to 0.795 is hit or upside channel broken with re-test.
insanity: Doing the same thing over... and expecting different results -AE
  • #81,310
  • May 14, 2015 5:43am May 14, 2015 5:43am
AUDJPY Long open/part closed
Area of support with high activity, sold on RWH. the rest is running
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AUDNZD Long open/part closed
Again area of support with high activity.
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GBPNZD Long open/close
Support plus high activity. Sold on PVT
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  • #81,311
  • May 14, 2015 5:59am May 14, 2015 5:59am
GU Outlook: GU still looks a little early to short and a little late to long unless you want to do daily classics, in which Long is preferred as we have previous S/R break from high demand. The 100% fib expansion and S/R confluence looks yummy so we may still head up higher before going down. Just going to wait until price reacts at the S/R. Going to wait and watch.

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UJ PVSRA Trade: UJ has been in a range, so MM's are building and profiting on both sides. Current bias is Long:
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EU Outlook:
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insanity: Doing the same thing over... and expecting different results -AE
  • #81,312
  • May 14, 2015 7:07am May 14, 2015 7:07am
That's it for today folks. Time to sit back, relax, and enjoy the show.

Green pips to all.
insanity: Doing the same thing over... and expecting different results -AE
  • #81,313
  • May 14, 2015 7:08am May 14, 2015 7:08am
Quoting qFish
UJ PVSRA Trade: UJ has been in a range, so MM's are building and profiting on both sides. Current bias is Long: {image}
USDJPY

Might be too soon to call bull or bear. Trend, Dragon, PA,......all are converging on the 1/4 level area. If PA breaks high thru upper half, then bullish. If PA breaks low thru lower whole number, then bearish. But, that is just how I see it. Time will tell.

tah
  • #81,314
  • May 14, 2015 7:10am May 14, 2015 7:10am
Quoting qFish
EU Outlook: {image}
qFish,
very nice charts.

EURUSD: I would say MM's are starting to load shorts (same as GU). How far they are prepared to go before run for profits- who knows.. But for me it is starting.. They just want to drag as much DM longs in the game as possible.
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EDIT:
Agree with you and Tah that it is both- too soon and too early for all these pairs (we want more clues),
unless people are as patient and careful as you are.

EDIT 2:
The top of the last swing high look almost the same as this one, but this one is more extended- could mean more important reversal, but for this the price must range for a little longer..
PVSRA
  • #81,315
  • May 14, 2015 7:13am May 14, 2015 7:13am
Quoting Fisher755
{quote} qFish, very nice charts. EURUSD: I would say MM's are starting to load shorts (same as GU). How far they are prepare to go before run for profits- who knows.. But for me it is starting.. They just want to drag as much DM longs as possible. {image}
Thanks Fisher755,

Just my analysis before work :-). Time to make some real money now ^.^

Hopefully my account gets big enough that I'll make more trading than my day job .

Yes, it's just a waiting game now.
insanity: Doing the same thing over... and expecting different results -AE
  • #81,316
  • May 14, 2015 7:13am May 14, 2015 7:13am
Quoting MisterG
USDCHF more downside still to come ? H&S pattern , but left shoulder seems little odd. {image} G.
TP area reached , price obviously did not retrace but prognosis was overall correct.
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Man lie, woman lie, numbers don't
  • #81,317
  • May 14, 2015 7:16am May 14, 2015 7:16am
Quoting traderathome
{quote} USDJPY Might be too soon to call bull or bear. Trend, Dragon, PA,......all are converging on the 1/4 level area. If PA breaks high thru upper half, then bullish. If PA breaks low thru lower whole number, then bearish. But, that is just how I see it. Time will tell. tah
Absolutely Tah. My UJ trade is based on local position to consolidation range. Just going to put some risk on the table and let the market decide where to go. The edge is a bounce from support and previous SL taken; thus the near TP. Long term wise, you are right, we need to confirm a break outside of this consolidation.
insanity: Doing the same thing over... and expecting different results -AE
  • #81,318
  • May 14, 2015 7:17am May 14, 2015 7:17am
Quoting Fisher755
{quote} qFish, very nice charts. EURUSD: I would say MM's are starting to load shorts (same as GU). How far they are prepare to go before run for profits- who knows.. But for me it is starting.. They just want to drag as much DM longs as possible. {image}
EURUSD Short Trade Open:

Entry PVSRA based, on what I interpret as bears appearing above 1/4 Level. Time will tell. No TP, SL at this time. I agree with Fisher755.
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  • #81,319
  • May 14, 2015 7:17am May 14, 2015 7:17am
Quoting MisterG
{quote} TP area reached , price obviously did not retrace but prognosis was overall correct. {image}
Very nice MisterG! H/S rules.
insanity: Doing the same thing over... and expecting different results -AE
  • #81,320
  • May 14, 2015 7:47am May 14, 2015 7:47am
Quoting Fisher755
{quote} Tah, I agree with you, but just in case "the scenario" does not play out,there is a high posibility they will bring it below the half level again. (Will be my TP1 out of 2 if such a setup apears.)
USDCAD Short Trade Open/Close: That's it. Will not short anymore, there is a danger they bring it below the half level for loading Longs...
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Quoting Fisher755
{quote} qFish, very nice charts. EURUSD: I would say MM's are starting to load shorts (same as GU). How far they are prepared to go before run for profits- who knows.. But for me it is starting.. They just want to drag as much DM longs in the game as possible. {image} EDIT: Agree with you and Tah that it is both- too soon and too early for all these pairs (we want more clues), unless people are as patient and careful as you are. EDIT 2: The top of the last swing high look almost the same as this one, but this one is more extended- could mean more...
EURUSD Short Trade Open: PVSRA based, prepared for longer position building for reversal.
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EDIT:
I can manage 25% drawdown finaly..
PVSRA
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