EU & GU Doing what it's expected to do as bears. Hiking the price without volume and once he reachs important fibo levels + quarter/full numbers, volume increases at the tops. For me, MMs remain bears for now

Sonic R. System

Exactly, we have a lot of key points in this zone: Fibo, Daily EMA and historical natural support (1.30). That is why the price is finding this demand. At this point we have to bet if it will achieve to break those points or it will become bullish. ...

Sonic R. System

A decision game Forex is a decision game. You have to choose and you can be wrong or you can be right. Now we are in a point where we have to make a decision. We can close our orders with profits (I think we both have GU and EU with profit right ...

Sonic R. System

It's a critical point for EU (1.3070) and GU, and it's normal. Also it's "only" Tuesday and maybe the MM's want to wait until the end of the week. Dunno. But it's also true that this wave in EU and GU is making like a "double bottom" and that's not ...

Sonic R. System

EU and GU: Perfect examples about MM's loading shorts. Look at the images and how the volume rises at the tops in load area. This doesn't mean that the price can go higher, of course it can, specially with the news we have in a few hours, but for me ...

Sonic R. System

It's being a very good pump for a Monday in EU, GU and AU, like it.

Sonic R. System

Perfect explanation, all valid and with sense

Sonic R. System

I don't get it. U build short and as soon as the price crosses the EMA and the dragon starts to point south u close them. I'm not saying it's bad because a trade with profit is a trade with profit, but don't you think it's better to at least give it ...

Sonic R. System

Care with pairs that are not major crosses. As far as we know GU is bear and AU seems bear as well, why would you put them to fight face to face? I think PVSRA doesn't work that good in not majors crosses, but I may be wrong.

Sonic R. System

GU: Pullback in process. Normal thing for an off-hours Friday. Let's try some Fibos to determine their possible target. They love to make pullbacks to the 50-61.8 zone. This would be a short term pullback. If they are looking for a deeper pump, we ...

Sonic R. System

Exactly. If I didn't plan my trade so badly, my reaction would see to add more scouts if I see the MM's keep being bears. But due my poor management, I couldn't do it. That's why I said I had luck. This time I had luck, next time it could blow up my ...

Sonic R. System

For me its not too late, because it just crossed the daily EMA89. But you would definitely wait for a good pullback. Right now is not a good moment. Price too low + Friday.

Sonic R. System

Thanks fex, but I want to settle here that I did terrible and I hope this will help other traders reading the thread. I had luck. Yes, I knew MMs are bears, but if they decided to push up the price 200pips more, my account is gone, and that is ...

Sonic R. System

I don't trade only EU and GU. But as I explained, I overtraded for the first time and I'm not proud of it. I won't add more entries until I close these ones. After that, I will spend a couple of days studying the best bank management for me because ...

Sonic R. System

GU: From my point for view, I agree with you xonicser that we are having activity at the lows, but we need to determine if they are doing this to stabilize the price (to pump the price and add more shorts) or they are starting to build longs. In my ...

Sonic R. System

If the data is extremely bad for US we could see a pullback of course. But most of the traders just took their shorts recently and it's hard to see a reversal, at least today. But a pullback in EU to the 1.33 zone is not impossible at all. This ...

Sonic R. System

I know it's too soon to talk about this, but I don't see this scenario impossible due to the current situation in the Eurozone. Anyway, just a fantasy and pure speculation xD Btw, it's the EU weekly chart.

Sonic R. System

Dude, you are on fire today. +1 again. But don't be unfair with TAH, because he never said his way is the only way. Actually he said several times that the most responsible and conservative way is to wait for a classic proper entry. He is just ...

Sonic R. System

Agree again with you, there is so many ways to trade using PVSRA and Sonic R System. You have yours and it seems you are doing great. Maybe you could post a pic of your next entry (or entries) with the argument behind that entry to show us your ...

Sonic R. System

Well, he is an expert in his system, that's a fact. You can believe whatever you want of course, but he is having nice results atm, so he are doing something right.

Sonic R. System