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Sonic R.evolution 94 replies

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Attachments: Sonic R. System
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Sonic R. System

Quoting MisterG
{quote} MM's and SM waited to load up longs just at the intervening low of this double top , where DM and I predicted short... fortunately I am long now. Always remember to check your analysis with a bigger TF ! RDH seems the most accurate target , classic price action approach is a little too far-fetched in this case , like 0,96 , c'mon price action , gimme a break. Like TAH always says , we can't know what will happen with those scumbags banksters on board. {image} G.
It would be a great trade if only it was so simple , ehh. Triple top from 0.94 makes me think there is too much uncertainty, that put me off this promising yet unlikely endeavour for good.
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G.
Man lie , woman lie , numbers don't
Quoting traderathome
{quote} GBPJPY Long Trade Open: PVSRA based. MMs have taken price to previous highs above half number and have most recently been dropping price down thru it. And the area below the half number is a previous consolidation area. I presume the consolidation was MMs filling SM long orders. I presume the run down yesterday was the MMs stop hunting those longs. They manufactured a nice 100+ pips drop in order to stop out a good number of those SM long orders they filled earlier. With two GBP high impact releases followed by two JPY high impact releases...
GBPJPY:
You might be right, but I don't like this strong resistance. The volume suggests Longs. Was thinking about a very short time trade to close before SL hunt, which is to expect from MMs around FOMC.
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I would feel much more comfortable , when the price crosses the upper half level with good PA.
I have to train not trading when the PA is not nice + train to have more patience and folow basic and my own rules.
Of course- I Will break them once in a while, but not so often..

The details I was watching on M5:
I closed it on the candle abowe the arow.
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So, I stay out untill 14:30 tomorow, unless I see something realy good.
But will watch your trade and see how it behaves.
PVSRA
I've been telling people for decades the markets are corrupted and "fixed", well, now here is some proof:

https://ca.news.yahoo.com/4-big-bank...163036795.html

Quote "A group of global banks will pay more than $5 billion in penalties and plead guilty to rigging the world's currency market, the first time in more than two decades that major players in the financial industry have admitted to criminal wrongdoing.

JPMorgan Chase, Citigroup, Barclays and The Royal Bank of Scotland conspired with one another to fix rates on U.S. dollars and euros traded in the huge global market for currencies. A group of currency traders, who called themselves "The Cartel," allegedly shared customer orders through chat rooms and used that information to profit at the expense of their clients."

Be careful out there folks, you're a little Goldfish swimming with the sharks, and they have "Sonic Radar", punn intended of course
Quoting Fisher755
{quote} GBPJPY: You might be right, but I don't like this strong resistance. The volume suggests Longs. Was thinking about a very short time trade to close before SL hunt, which is to expect from MMs around FOMC. {image} I would feel much more comfortable , when the price crosses the upper half level with good PA. I have to train not trading when the PA is not nice + train to have more patience and folow basic and my own rules. Of course- I Will break them once in a while, but not so often.. The details I was watching on M5: I closed it on the...
GBPJPY Long Trade re-enter:
There was a SL hunt, folowed by a nice candle.
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PVSRA
Quoting hirenfxtrade
USDJPY daily, A very good picture of Sonic R Dragon, compared to my last post... Compared to last post in this thread my emotions cheated my forecast but sonic dragon clearly defeats alternative {image}
.....
Highly respected sonic r dragon!
Quoting Fisher755
{quote} GBPJPY Long Trade re-enter: There was a SL hunt, folowed by a nice candle. {image}
GBPJPY Long Trade closed:
No good again- crossing the trend. 113 pips total loss.
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PVSRA
Quoting jayjonbeach
I've been telling people for decades the markets are corrupted and "fixed", well, now here is some proof: https://ca.news.yahoo.com/4-big-bank...163036795.html Quote "A group of global banks will pay more than $5 billion in penalties and plead guilty to rigging the world's currency market, the first time in more than two decades that major players in the financial industry have admitted to criminal wrongdoing. JPMorgan Chase, Citigroup, Barclays and The Royal Bank of Scotland conspired with one another to fix rates...
So they going to jail?... Dont answer, was a theoretical question.
Stay green! FN
Quoting forexn00b
{quote} So they going to jail?... Dont answer, was a theoretical question.
Yes, they are. That is, if you define jail as being flown in G5 from a New York penthouse to a private yacht somewhere on the Caribbeans...
Lets send it low then even lower haha http://www.zerohedge.com/news/2015-0...p-one-eye-open
I saw this news in BBC today. Currency is manipulated. http://www.bbc.com/news/business-32817114
Quoting traderathome
GBPCAD Short Trade Open: LS MMs put price back above whole level for "gathering in shorts". This is consistent with the H&S alert from Mister.G. Thank you, MisterG. {image}
GBPCAD Short Trade Closed:

Closed for no gain/loss.
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AUDJPY Long Trade Open:

PVSRA based. There have been many recent whackings below the half level, including this new AS doing so. This in itself is bullish. And there have been nice volumes associated with price springing back up from there, so it is a good PVSRA indication of bulls. Now, when you associate this with the multiple JPY high impact releases coming in the next 1.5 days, well.........how often has that happened this year!?

What could this mean? It could mean the start of an eventual 600 pips drive back up. Or, it could mean a much more immediate 150-250 pip move higher ahead of the final JPY release, which might be the trigger for a reversal up there around the RWH/half level area to the 98.00 level.
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AUDUSD Long Trade Open:

PVSRA based. On the DAY chart we can see that yesterday the price went below the whole number on very good volume. This is a PVSRA indication of bulls. This is also the same area that most recently spawned the previous 300 pips bull run. I do not normally cater to channel lines. They are often unreliable. I attempted several draws here and decided on the one you see. It makes no difference though because historic PA alone shows there is reason to suspect price could continue on up above RDH, and even well above RWH.
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EURUSD Comment

This DAY chart suggests bulls just by casually looking at the pattern on it. Now take a look at the bar for yesterday; lesser spread, huge volume! This too suggests bulls. The downside here is that unknown factor called the Stop Hunt. There is a major line-up of EUR high impact releases followed by USD high impact releases for today. Three of each! Just given that, I am staying away until the dust settles. If this goes forth on a bull run, there should be plenty of run to permit making profit without having to take the risk of trying to pick a low for an entry long ahead of, or during these releases.
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  • Post #81,535
  • Quote
  • Edited May 21, 2015 12:29am May 20, 2015 11:46pm | Edited May 21, 2015 12:29am
Quoting traderathome
EURUSD Comment This DAY chart suggests bulls just by casually looking at the pattern on it. Now take a look at the bar for yesterday; lesser spread, huge volume! This too suggests bulls. The downside here is that unknown factor called the Stop Hunt. There is a major line-up of EUR high impact releases followed by USD high impact releases for today. Three of each! Just given that, I am staying away until the dust settles. If this goes forth on a bull run, there should be plenty of run to permit making profit without having to take the risk of trying...
If this goes forth on a bull run, there should be plenty of run to permit making profit without having to take the risk of trying to pick a low for an entry long ahead of, or during these releases.


That is my plan. Including other ...USD pairs.
The same goes for a bear run.

USDCAD:
Showing weaknes.. just a little more waiting to do.
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GBPUSD:
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PVSRA
EURJPY Comment

Looking at the MONTH chart, I get the feeling this is going lower. Why? Go back three bars and see the high volume bear move. The two following bull bars are of declining volume, which makes it look less enthusiastic and might only be the MMs plan to hike price before another bear move that breaks low the channel.

But what about the next couple of days? There is a line-up of three JPY high impact releases following the three upcoming EUR high impact releases. One possibility is the price will be driven up triggered by the EUR releases to some high where the MMs will close longs and open shorts before the final JPY releases.

Looking at the HOUR chart, I am expecting the Frankfurt/London open to involve some kind of pull down manufactured by the MMs so they can get some temporary longs on before hiking the price in conjunction with the series of EUR releases. How high will it go? Who knows, but RDH is always a road sign. Once price gets to whatever highs it achieves, my guess is the MMs will start working it up and down to facilitate closing longs and filling short orders ahead of the final JPY release tomorrow.
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Quoting Fisher755
{quote} If this goes forth on a bull run, there should be plenty of run to permit making profit without having to take the risk of trying to pick a low for an entry long ahead of, or during these releases. That is my plan. Including other ...USD pairs. The same goes for a bear run. USDCAD: Showing weakness.. just a little more waiting to do. {image}
USDCAD Comment

CAD high impact release comes on Friday. The "weakness" we are seeing might just be the MMs coaxing shorts into the market, as food for a stop hunt on Friday. Price might go up to RWH/RDH/upper whole number before this week is over with. It is a possibility.

On the HOUR chart we can see the type of candle which I think is a demonstration that the MMs were clearing the decks of all liquidity to fill their orders. The question is, longs or shorts? Because the MMs took the price below the whole number to start this, and because this action is mostly below the whole number, I am suspecting it was longs that the MMs were accumulating to make profit on when they run the price up later, which will be the stop hunt move on the shorts. Yes, speculative. This LS might yield more clues.

-tah
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possibly a good time to go long cable... wait for the pullback n pop though ppl
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Quoting Fisher755
{quote} If this goes forth on a bull run, there should be plenty of run to permit making profit without having to take the risk of trying to pick a low for an entry long ahead of, or during these releases. That is my plan. Including other ...USD pairs. The same goes for a bear run. USDCAD: Showing weaknes.. just a little more waiting to do. {image} GBPUSD: {image}
GBPUSD Long Trade Open:
It is early, but a lot of activity below the important levels.
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Fexitrade,
absolutly nothing is visible from your chart.
PVSRA
Quoting fexitrade
possibly a good time to go long cable... wait for the pullback n pop though ppl {image}
GBPUSD

With a GBP H. I. release soon coming, and later three USD H. I. releases too, maybe it is not a good time to go long. I agree with the bullish sentiment, However, for the sake of less risk of enduing a Stop Hunt after what might be a "too early" long entry, it might be prudent to wait things out. If this is going higher, there should be plenty enough pips there to profit from without taking the risk of entering before all these releases,......which BTW you are not showing on your chart. They do serve a purpose, you know.

The move you suggest could happen.......and before the releases are done with. And following them, we could encounter a whopping stop hunt. It is something to think about.....that the MMs do sometimes move prices ahead of the completion of releases in order to get more money into the market that they can then steal with a stop hunt later. And "later" frequently has to do with high impact releases.

-tah
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